LOL. I do sense you've made a shift to the middle ground on matters regarding the stimulus.
Australia has acted not a lot dissimilar to the way America handled the fallout from the WTC attacks. Interest rates have been lowered to record levels encouraging spending and home buying fuelled by grants. Rudd's answer to the world has been to free up more credit so markets and global business can resume 'normality'. But is more borrowing really the answer? The total of borrowed money in this country is still growing at a rate of 0.5% per month. How will this country be fairing in five or seven years time when the personal debt and government debt are draining our economy dry?
