rudd's scheme for commercial property projects, page-3

I suspect that this is merely another of the ill conceived strategies coming from the "three amigos". (Rudd/Swan and Tanner)

On face value, it would appear that Turnbull is correct. I wonder if enough (or any) thought was given to any "unforseen consequences" of this policy. The "bank guarantee" policy is still within memory. Seems to me that the taxpayer is merely relieving the risk from the big banks for their exposure to the floundering property sector.

How will this policy save jobs? Surely a more sound policy would be to provide tax cuts so that sustainable spending could occur in a lot of the assets currently held by the property sector?

Ah, but I'm not an economist or an "expert".