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[David Lochrin]

On Friday 13 February 2009 12:22, Marghanita da Cruz wrote:

> Well perhaps that is the difference...Obama is not talking quick 
> fix he is talking structural change for a sustainable future.

The most difficult thing about economic management at this time is juggling priorities for a sustainable future ASAP while still keeping enough of the economy together to survive the transient, not to mention funding drought, recovery from floods & fires, global economic crisis, etc. etc.

I imagine the Cabinet & parts of the Public Service are working eight days a week right now.

Exactly the same considerations apply to Pres. Obama and the U.S., and maybe even more so because the country begins with a relatively higher external debt.

> This means, for example, better house design...what really 
> erks me about the banking disaster is that the mortgages were 
> for loans of environmentally disastrous MacMansions, how 
> many of which comply with good design? Ironically, the good 
> design was considered "too expensive" and in NSW crushed 
> Basix <http://www.basix.nsw.gov.au/>.

Well yes, I agree with you about McMansions...

Still, part of the stimulus package does cover funding for ceiling insulation and other environmental measures.  And there's a lot of funding for the Murray Darling river system too, even if it's not in the stimulus package.

Have you looked at the subsidy available for photo-voltaic grid-connected generators?  This company has an interesting scheme for group purchases of PV systems - http://www.aussiesolar.com.au/html/multi_installations.php  Each one costs $990 after a government subsidy of $8,000 - you couldn't complain about that!

David