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**casinobonuswer** · 11-06-2009, 12:58 AM

They keep rising, our interest rates
The Reserve bank this week once again raised our interest rates, for the 5th time in 6 meetings I think. They are now at 4.25%. Many economists are predicting another 4 rises in interest rates this year so that they are 5.25% by year's end.

Stop complaining Trev, it's because the economy's going well, by international standards. The rate is still below normal, where it would be expected to be if growth were at typical levels (3-4%).

Of course our stupid government is still maintaining its stimulus packages, having defended them for so long, it is unable now to admit the stimulus was too large and has continued for far too long.

It's only finishing what it committed to. You can't stop projects that have already begun. Well, you can, but it's a bit of a waste, don't you think?

It is also trying to deny that many building projects associated with the stimulus has allowed the construction industry to rip huge sums of money from the government for relatively minor projects due to the rush to get them started, they have not maintained proper audit controls on most of the stimulus spending.

I'm not sure whether there is any denial going on there, but I agree the bureaucrats can't administer a project or bargain down a tender worth a damn. Not their money - why should they care? Disgusting, I agree.

After a number of deaths on a botched home insulation scheme due to electrocutions and house fires now in the hundreds, that is one scheme it has been forced to adandon, the cost of making homes safe may now amount to another 3rd of the money already spent on the botched scheme.

There were how many fires out of how many 10's of thousands of homes insulated? That whole thing is a beat up. It only applied to homes where foil was laid across the ceiling joists, which should never have happened in the first place as it's completely the wrong spot even to insulate. Greedy insulation companies who didn't properly train their installers. The companies didn't obey existing OH&S laws, or exercise due diligence. How is that the Government's fault?

So a stimulus that has overstimulated the economy, overstimulated many insulation installers with electricity, over stimulated many homes with too much heat causing fires, and the government still says it was the right thing to do.

Do you think our growth rate is too high? Weren't you the one complaining about job losses a while ago?

11-06-2009, 12:58 AM	#25
casinobonuswer Join Date Oct 2005 Posts 455 Senior Member	They keep rising, our interest rates The Reserve bank this week once again raised our interest rates, for the 5th time in 6 meetings I think. They are now at 4.25%. Many economists are predicting another 4 rises in interest rates this year so that they are 5.25% by year's end. Stop complaining Trev, it's because the economy's going well, by international standards. The rate is still below normal, where it would be expected to be if growth were at typical levels (3-4%). Of course our stupid government is still maintaining its stimulus packages, having defended them for so long, it is unable now to admit the stimulus was too large and has continued for far too long. It's only finishing what it committed to. You can't stop projects that have already begun. Well, you can, but it's a bit of a waste, don't you think? It is also trying to deny that many building projects associated with the stimulus has allowed the construction industry to rip huge sums of money from the government for relatively minor projects due to the rush to get them started, they have not maintained proper audit controls on most of the stimulus spending. I'm not sure whether there is any denial going on there, but I agree the bureaucrats can't administer a project or bargain down a tender worth a damn. Not their money - why should they care? Disgusting, I agree. After a number of deaths on a botched home insulation scheme due to electrocutions and house fires now in the hundreds, that is one scheme it has been forced to adandon, the cost of making homes safe may now amount to another 3rd of the money already spent on the botched scheme. There were how many fires out of how many 10's of thousands of homes insulated? That whole thing is a beat up. It only applied to homes where foil was laid across the ceiling joists, which should never have happened in the first place as it's completely the wrong spot even to insulate. Greedy insulation companies who didn't properly train their installers. The companies didn't obey existing OH&S laws, or exercise due diligence. How is that the Government's fault? So a stimulus that has overstimulated the economy, overstimulated many insulation installers with electricity, over stimulated many homes with too much heat causing fires, and the government still says it was the right thing to do. Do you think our growth rate is too high? Weren't you the one complaining about job losses a while ago?
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