I can't quite see how this cash is going to end up supporting the building industry, but think of it, in a few months there will no longer be a need for a building industry: as the elderly 1-2% of the population dies of Covid-19, there will be more than enough vacant houses/flats to house the remaining.

Yuyutsu

The cash handout affair is separate from the building industry, which will benefit from the lowering of the deposit required to get a loan. More people with loans they will find difficult to repay. Another 'brilliant' politicians' idea. It's hard not to think of the prime mortgage debacle in America.

runner,

Yes to all of that, and what a wonderful opportunity for the nanny state to control us even more.

ttbn,
You've only just read the claim that it was the Chinese government who saved Australia from a recession during the GFC? I first heard it years ago, when it was easy to refute. Demand from China was still weak at the time; the huge increase came afterwards.

COVID19 is nothing to do with bacteria, and the plastic bag ban was nothing to do with climate change.

Isn't this $22 billion dollars going to those on the bottom of the heap a bit of a reversal of Morrisonomics which is all about money needing to trickle down from the top of the heap in order to drive jobs and growth?

Looks more like ScuMo spending more taxpayers' money to buy votes for himself. That plus the fact that he is unpopular with the hoi polloi for running off to Hawaii in the midst of the 2019-20 bushfire catastrophe so he thinks it might endear him with those who now have their minds set on voting him out come the next election.

If Morrison is buying votes, he is being even more wasteful of taxpayer money because it's all in vain. He is toast, I believe. Too many people have been rubbishing him for the wrong reasons - bushfires and so on - to see his real problem: he believes in nothing, stands for nothing, does nothing. He is PM only because of the pathetic Lefties who now infest the Liberal party; the ones who are literal liberals - left wing drones. Then only Conservative in the party; the only one distinguishable from a Labor politician, is Peter Dutton. For heaven's sake! 99% of the Liberals wouldn't look out of place in the Greens.

There was a stage where the Liberals at least differed from Labor on border protection. 'Nobody arriving on a boat .... blah blah blah'. But what about all the legal no hopers they are encouraging to be used as a crutch for the economy they have ruined with globalisation and de-industrialisation? Liberal, Labor, Greens: they are all the same. There is nobody worthy of a vote left in this country.