Turnbull's error

Why must some people be so curmudgeonly? Why does Malcolm Turnbull (Federal opposition leader) so dislike the financial rescue package the Rudd government has introduced? I know the package has flaws; it is weak in some areas and actually needs considerable refining. But it is a package and it will have a positive effect. It will restore a measure of confidence which is a vital ingredient in today’s economic climate.

To delay the package, as the opposition has done is unconscionable and foolish in the extreme. The fragile level of confidence that is prevalent today needs immediate action not delayed perfection. With any delay there will be unforeseen consequences that would be, I suggest, rather unpleasant.

Politicking is ok, it is what politicians do – but not at the population’s cost. They can have their hidden agendas, they can plot away and connive as much as they like but they (the politicians) should never underestimate those they govern. People will always work out a solution in their own ways. The politicians may not like it but it is true. My experience with politicians is that they tend to feather their own nests in that they first look after their own electorate (which is what they are paid to do) or their own position, then comes the political party they belong to, last of all they look after the nation. All this is the wrong way around.

Politicians obviously have to have the power to raise taxes and spend money but they do not have the skill or the ability to fine tune or micro manage the spending. They should give the money to the locals and let them get on with the job.

How the opposition can say that tax cuts would be a better way to go and would not put the economy in debt I just don’t know. Tax cuts reduce the government’s revenue, which means it would have to go into debt to cover the reduction in tax revenue. Either way there will be a budget deficit. One will take a long time to filter through (tax cuts) or the other will have a more immediate effect – which is what is needed (the Rudd government’s stimulus package).

To me it is a no brainer.

PS. For those interested I have my laptop back in working order.