the senate and the treasury advice, page-6

Bundyau lobby the State government to do those worthy causes within their infrastructure budget.

The Federal government needs to focus on spreading the stimulus all over Australia in a wide range of areas and it needs to do it quickly otherwise businesses of many types will collapse in a domino effect. This is a serious situation that needs to be addressed urgently. We simply cant afford to have business doors having to close because they cant manage in the short term because the banks wont support them during difficult times. The package will assist to keep their heads above water until the global stimulus measures around the world boost demand again including the demand for Aussie raw materials, agricultural products etc.

The Aussie economy cant afford to sit on its hands and let our business enterprises collapse around us. Money is needed now in a broad way so commerce can continue and jobs can be saved. This is not pretend stuff. The last thing a new government would have wanted was to go into deficit but the advice is clear, support the economy and people of this country or slip into deep recession that could then snowball into a depression. Many of the current generation have never experienced a depression and frankly I hope they never have too.

Bear in mind the greatest economy in the world, the USA, is already in debt to the tune of over a trillion dollars+ and they for similar reasons to Australia are going more into debt to pump prime there economies while the longer term fixes are evolving. The good news for Australia is that in spite of the rhetoric about deficits it is a very small amount compared to our GDP and Australia is therefore best placed to support its industries and people while we wait for the global economies to improve. Just my thoughts.

cheers
eagle

cheers