Rudd’s stimulus package must not be dissipated on consumption spending on imports, for this will only generate economic activity overseas, warns Colin Teese.Many responsible Americans – and not just free-market fundamentalists – have expressed misgivings over the cost of President Obama’s US$750 billion stimulus package, just as many responsible Australians have questioned Prime Minister Rudd’s AUD$42 billion rescue package.Such people should rest easy. Seventy years ago, the US spent much more …
