Thanks to Everyone for your inputs...
All of the arguments presented thus far are sound.
And heaven knows, I'm not an economist or some sort
of an expert on the subject. All I can do is present
the opinions of other 'experts.'

According to an article in The Age, Sat. Feb.7th 2009,
by Michelle Grattan...

"The Liberals have resurrected, figuratively speaking,
their old debt truck of the mid-1990s, which served
them well, helping slay Paul Keating. Their gamble is
that the economy will crash further, enabling them to
capitalise on Labor's failure. They are mortgaging
present political credibility for future political
advantage, a bold and risky strategy."

Turnbull has set his course: there is no deviating now.
But he finds himself awkwardly wedged without outside allies.
While they may quibble with sections of the package,
business groups have welcomed it and want to see it passed
quickly.

Willhelm Harnisch, chief executive of Master Builders
Australia says: "There can be a range of measures that can
be put in. But the reality is that the Government must do
something, which it has done; it must work with industry,
which it's done; it must engender confidence, which it has
done. Industry and government are working together to pull
out all stops to ensure jobs are protected."

Business attitude is that when the house is ablaze, it's
not much good arguing that maybe the fire brigade hasn't
sent the best model of fire engine or has the hose pressure
turned up too high...

The first test of the Coalition's stand will come very soon,
in the opinion polls.

I could just imagine Obama saying to China we can now pay off out our $ trillion debt with our new "pace oh dollar".ie you walk around in ever decreasing circles in worry.Hu Jintao's reponse,"Fruck off yanks,we not accept this "pace oh" rubbish!"

You're a good person Foxy.All the best.

Dear Arjay,

Thanks for your kind words.

I can imagine China saying exactly what you suggested
to Obama.

Thanks for making me laugh!

Meredith,
Where's your usual fighting spirit. We will get through this of that there is no doubt.

Foxy
The issue is with how much (avoidable) pain for those who are least able to cope. In the 1930's the unemployment rate was in the 20% range that's 1 in 5 unemployed and that was before it was common for women to work in the paid workforce like now. Goodness knows what it would have been if they were.
My point is that it's not going to get that bad but what I am on about is that there is a better way whereby less average folk have to bear the cost of the silvertails' excesses. Neither am I suggesting Doing away with capitalism merely getting back in its correct roll that of servant to man. We need governments to have the courage to implement the known changes rather than the equivilent of fiddling with the tea money. In the final analysis whether we give $900 per taxpayer or not it on its own won't make diddly swat difference in the world. Neither will stopping migration.
As I said if we (the world)develop the needy countries the demand the expenditure will break the financial confidence drop and if done properly the expenditure will feed the world's economy, keep the economic migrants home and maybe with the right technology slow avoid the worst consequences of AGW. All we need is to stop and think.
Well what do you think...do I get my nobel this year or next?

Lol,

My fighting spirit? Hehhe, it's in the vege patch with a homemade bow and arrow keeping you lefties off my freaking cabbages :)

I, personally do think we're in for it though. This stim pack stuff is a joke... It's not going to work.

Dear examinator,

I get your point. However every nation is trying to
solve this economic crisis by whatever means possible,
(and quickly before things escalate).

Our government is doing the best it can, at the advice of
financial experts.

Your nobel - will have to wait.

But what about a gold star from me?