Hmm, I share some of your reservations, admitting that I'm no economist. When Gordon Brown unveiled the "original" stimulus package in the UK, I understood the intention was to keep the stream of market transactions flowing -- to keep the whole business of lending, buying, and selling afloat. I haven't seen Kevin Rudd explain the stimulus package in those terms, although I guess the language in which he chooses to frame it for a mass audience is probably much more to do with what is politically useful rather than the nitty gritty of how the money is actually going to be spent. I saw him interviewed by Kerry O'Brien the other night, and it was all talk about "the Australian people". He (Rudd) was certainly anxious to "place" a few mentions of supporting schools and hospitals before the end of the interview, although he didn't of course explain how that would help the economy.
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