Govt cash bonuses to bring Christmas cheer
YVONNE HATCHER and her family are looking forward to a very merry Christmas this year.
Her sons Jack, eight, and Shane, 12, have already put in an order for a computer and a remote-controlled car.
Thanks to the Federal Government's $10.4 billion rescue package, their Christmas wishes may come true.
Families like the Hatchers may have several thousand extra dollars in their pockets come December 8, and the bucks will be stopping here on the Northern Rivers.
“We'll spend the money here in town, it will be spent on Christmas,” Mrs Hatcher said. “We always shop locally. It pays everyone's wages.”
With many families receiving an unexpected top-up of their bank accounts this December, the local economy is looking good.
Lismore Chamber of Commerce president Mark Willoughby hopes the extra cash will be passed on to retailers.
“I assume it will increase spending,” he said. “Some will go to food and bills, and some to retail. The money will get back into the economy somewhere.”
Mr Willoughby questioned the delivery of the rescue package, particularly the question of what would happen after the Christmas spending rush has passed.
“It's got to stimulate the economy, but I'm sceptical as to whether it's the right way to do it,” he said.
Casino Chamber of Commerce president and real estate agency owner John McMahon said the Federal Government package would help many, and had already helped business.
“For real estate it is very positive news,” he said.
“Even today we've had two to three young people come in. Casino is still an affordable place for housing.”