rba minutes $42bn stimulus, page-3

I think it's like putting a finger in the dyke, if there is a synchronised downturn for our major trading partners let them pick up the tab for a bail out because anything we do won't make much difference anyway.

If we must go down the massive stimulus route it should be on long term infrastructure which improves productivity / educational standards so at least we have something tangible to show for it. Latest retail data suggests the handout was mostly hoarded anyway so it wasn't especially effective in stimulating retail demand.

Untargeted cash handouts and pink batts a big no.