GProgrammer on 01 September 2017
| Cobretti2 said: In 2008 when the GFC hit our stupid Gov did two hand outs which totaled 40Billion (a lot for Australia lol). 9 years later and we are still paying for it through taxes. Most people either paid some of their debt off with a bank, the refugees sent the money back home as they get government handouts weekly anyway and those who spent it bought TVs abd stimulate Samsung and SOny' profits lol, |
Yet the facts are, unlike practically every other western country Australia did not suffer the economic crisis of 2008.
Was it solely due to the cash handout? I doubt it, but I think it was a big reason why Australias economy didnt suffer like most other estern economies.
I cant find many graphs that illustrate it but heres one, you will see Australia did not go into the negative, unlike USA,germany,france,UK etc etc
Perhaps during the next financial crisis other countries will follow a similar stimulus package, as it seemed to of worked out better
