Well Rudd and other world leaders are faced with a situation of trying to fix mistakes made by world leaders and markets during the last 5 to 10 years.
On the homefront, it was a ridiculous decision by Howard in the first instance to introduce a first homebuyers grant. Achieved nothing other than contributing to the housing bubble and inflation which rendered it an impotent policy. It was populist policy on the run because many people were upset that they couldn't enjoy the property circus that had arrived in town. Rudd is now making the same mistake for slightly different reasons.
It was a band-aid solution for a problem that really indicated much more deep seated major problems, which were ignored and left unaddressed. No one, including our HC LHB's (Liberal Hindsight Beneficiaries).....lol....wanted to see the boom end. It made our coffee taste great when we were able to sit down and discuss how much the value of our house had appreciated.
Notice Turnbull hasn't spoken out against it......and he apparently is some sort of genius if you listen to our friends who only 5 minutes ago were saying the same thing about Brendan.....and Pete of course.....he's always up there!......lol
Tough times ahead no doubt, and this market is at a much higher level than it will be in the not too distant future in my humble opinion.
