VIEWS: 7 PAGES: 2 CATEGORY: Business & Economics POSTED ON: 6/18/2010
Much has been made of the fact that the government has acted to shield the economy from the impact of the crisis. The Rudd government's response to the global financial crisis was to 'Go early, go hard, go household.' Since September 2008, two stimulus packages worth $52.4 billion have been announced. As can be seen from the figure, Australian government spending as a proportion of the stimulus package is the highest in the world, while measures likely to provide greater bang for buck -- such as tax cuts -- are small.
shorts Environment demonstrated any nutritional for organic food, food miles benefits from organics, but and sustainable fish are neces- organic without even these benefits were sary for us and the planet. But redemption insignificant. their claims rarely live up to Tim Wilson Unsurprisingly the lat- the benefits of the latest fad est report on the deficit of diet in a women’s magazine. It’s official—you aren’t be- organic food has growers and Organic foods have now ing harmed by supermarket their friends angry. The UK rightfully taken their food. In July the UK Food Soil Association has trashed place next to the Standards Agency released the report and the Organic all-cheese diet. a commissioned report that Federation of Australia has found there are no additional r simply dismissed it. health benefits from organic For years green foods. groups and activists The research found only have been pro- a third of all studies com- claiming that pleted in the last fifty years campaigns Economic policy australia’s lonely stimulus Sinclair Davidson M uch has been made of the That includes the spending on school them. It is clear that the government fact that the government halls, iPod docks, sheds and the vari- panicked, and not only went in too has acted to shield the ous cash bonuses used to top up credit hard, but it also got the policy mix economy from the impact of the cri- cards and pay for tattoos, strippers, wrong. The Rudd government has sis. The Rudd government’s response pokies and plasma televisions. spent too much money on too many to the global financial crisis was to While there is nothing wrong projects that will produce too little ‘Go early, go hard, go household.’ with these sorts of things, it is not economic value. Since September 2008, two stimulus clear the taxpayer should pay for r packages worth $52.4 billion have been announced. It is an open que
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