rudd's scheme for commercial property projects, page-15

JD
Perhaps they could be a more open with their lending?
Banks have not delivered despite the guarantee from the Australian government.
This largesse's main aim was not to maintain bank profits, or dividends, it was to avoid as much as possible, job losses and social dislocation.
We have got lower housing loan rates which is good PR, but limited change in business rates.
Taking your argument to its logical conclusion, we should be looking to boost financial services jobs.
A "financial services jobs led recovery" perhaps, at the same time we could abolish taxes for the rich, and then wait for the "trickle down".
The point of the argument was, that the private banks, at present, do not seem, by themselves, the most efficient way of channelling government resources.



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