Re: More leaving Australia than ever before!
Bro, its no use arguing with an idiot. You'll just be going down to his level. The best is to ignore this moron like you have mentioned earlier.
Well, I have some positive news about Australia..
Something for Singaporean-turned-Aussies to salivate:
Sky News Australia:
Rudd moves to protect economy
Updated: 13:40, Wednesday October 15, 2008
Pensioners, families and first home-buyers will receive more than $10 billion in Federal Government handouts as part of Kevin Rudd's bid to trigger a Christmas spending spree aimed at insulating the Australian economy against a global recession.
Addressing the National Press Club in Canberra, Mr Rudd said that the ongoing global financial crisis was 'testing times for us all.'
'I know that many Australians are deeply concerned about the future,' Mr Rudd said.
'Make no mistake: this is the single greatest threat to our economic security in a generation. And it's the most significant upheaval in the global financial system in our lifetime.'
'But my message to the nation today is that while while these winds of ill-fortune have battered Australian institutions and shattered confidence across the world, the Australian financial system remains strong,' he said.
Mr Rudd said that the government had acted decisively, responsibly and early to form a national course of action to see the crisis through.
'Our country and our economy will prevail, in part, because the time the government has been in office we have been planning ahead,' he said.
'In the May budget, we used a built a strong budget surplus to buffer against future turbulence abroad,' he added.
Almost half of the $21.7 billion budget surplus will be pumped back into the economy, he said.
Mr Rudd suggested the government might loosen the budget purse strings further, saying the government was determined to take 'whatever action is necessary in the future' to maintain stability of the Australian financial system and underpin economic growth.
Under the rescue plan, one-off handouts include $4.8 billion to all pensioners and carers, and $3.9 billion to low and middle income families.
The package also includes a doubling of the $7,000 First Home Owners Grant until June next year, or $21,000 for first home buyers purchasing newly constructed homes.
Mr Rudd was also critical of the lending standards, risk management and corporate governance of major financial institutions around the world.
He said the blame lay with 'obscene failures in corporate governance which rewarded greed without any regard to the integrity of the financial system.'
'These failures weren't limited just to businesses on the margins of the financial system. They happened in our major global financial institutions - the Wall St investment banks that were the pillars of the global financial system,' Mr Rudd said.
