XJO 0.18% 8,300.2 s&p/asx 200

mondayitis, page-36

  1. 136 Posts.
    I know i'm going to get shot down for saying this - particularly given the pro liberal bent on this site, but

    as much as I hated the cash payments the rationale behind it was to get the money into the economy as quickly as possible - giving it to those on a lower income base ensured that they were more likely to spend it quickly. Those on higher incomes would have tended to use it to pay down debt or invest it - neither scenario would have had an immediate impact on the economy particulrly retail spending. Surely JBH shareholders should be happy about this.

    Would have loved to have seen some more infrastructure projects proposed - our problem hoever, unlike China, is the length of time it takes in the planning and approval stage before anything can be started. We would still be waiting for this money to hit the economy.
 
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