Transcript

Sharri | 4 December · Sharri

0:01
Speaker 1: Why on Sky News This is.
0:04
Speaker 2: Sharry Good Evening.
0:07
Speaker 3: Well, we've got just over a week left until the
0:10
Speaker 3: Christmas break of five more shows you don't want to
0:12
Speaker 3: miss any of them coming up tonight. Australia's household recession
0:17
Speaker 3: now the longest on record.
0:19
Speaker 2: This as our economy is the.
0:21
Speaker 3: Weakest since Paul Keating's recession. We had to have economists
0:26
Speaker 3: are seriously concerned and one will join me here tonight. Plus,
0:31
Speaker 3: the world leading stockbroker lashes out at Chris Bowen, accusing
0:35
Speaker 3: him of incomvetency on energy. Angus Aikin will be here
0:39
Speaker 3: live in studio for that exclusive interview. And Australia's worst
0:44
Speaker 3: foreign minister in history, Pennywong once again sides with terror
0:49
Speaker 3: regimes who don't recognize Israel's right to exist. Well, maybe
0:54
Speaker 3: she could take a trip to Gaza to see whether
0:57
Speaker 3: she feels safe living under her mus Michael would join
1:00
Speaker 3: Meat to fire up about this shortly, but first tonight.
1:05
Speaker 3: The real story of the economy right now that goes
1:08
Speaker 3: to the heart of the cost of living crisis is
1:11
Speaker 3: that we're in a household recession. This is now the
1:14
Speaker 3: case for the seventh consecutive.
1:16
Speaker 2: Quarter in a row. It's a record.
1:19
Speaker 3: It's measured by GDP per capita. Now there's a lot
1:23
Speaker 3: of spinning politics, but the data doesn't lie. Australia under
1:28
Speaker 3: the Albaneze government has also recorded its weakest annual growth
1:33
Speaker 3: since the nineties recession. Apart from the pandemic lockdowns, our
1:37
Speaker 3: economy grew by just zero point eight percent in the
1:41
Speaker 3: past year and just zero point three percent in the
1:45
Speaker 3: three months to September. It's only government spending and high
1:49
Speaker 3: migration that's stopping us from falling into recession. But at
1:54
Speaker 3: a household level, as I said, we're now in a
1:57
Speaker 3: recession for a.
1:58
Speaker 2: Record number of months.
2:00
Speaker 3: It's a record we don't want here in Australia. Peter
2:04
Speaker 3: Dutton and Angus Taylor today describe these GDP figures as
2:08
Speaker 3: a nightmare.
2:10
Speaker 4: These numbers are a nightmare, reflecting the nightmare Australians are
2:13
Speaker 4: facing in trying to make ends meet. Right now, this
2:17
Speaker 4: is the seventh consecutive quarter of GDP per capita going backwards.
2:23
Speaker 4: Seventh consecutive quarter of a household recession. We've never seen
2:27
Speaker 4: that before. We haven't seen it before. It is absolutely diabolical.
2:35
Speaker 4: At the end of the day, what we're seeing is
2:36
Speaker 4: household standards of living collapsing in front of our eyes.
2:40
Speaker 5: The government can sugarcoat all they want, but the fact is,
2:43
Speaker 5: as the Reserve Bank governor keeps pointing out, it's the
2:46
Speaker 5: government's reckless spending that drives up inflation and therefore keeps
2:50
Speaker 5: interest rates higher for longer.
2:53
Speaker 3: And as you know, as we've been speaking about Australia's
2:56
Speaker 3: living standards on our worse than the rest of the
2:58
Speaker 3: world because other countries are emerging from this inflation crisis. Now,
3:03
Speaker 3: the Prime Minister was asked about this on Sunday and
3:07
Speaker 3: this is the moment Al but Easy tried to blame
3:10
Speaker 3: our living standards on global inflation before being shown just
3:15
Speaker 3: how we were worse off than every other country.
3:18
Speaker 6: But I want to show you this some OECD data
3:21
Speaker 6: on household disposable income. It goes back to pre COVID right,
3:24
Speaker 6: so you can see the rise there. But why has
3:27
Speaker 6: in Australia household disposable income continued to go down over
3:30
Speaker 6: the last couple of years.
3:31
Speaker 7: Well, we understand that people are doing it tough. Global
3:34
Speaker 7: inflation has had an impact. Now, inflation peaked higher and
3:39
Speaker 7: earlier overseas and it did here, but our focus has
3:43
Speaker 7: been on providing cost of living support.
3:46
Speaker 6: Sorry to interrupt, but I mean to take a look
3:48
Speaker 6: at this. You talk about the global fact that other
3:50
Speaker 6: countries Canada, the OECD average, the US, they're doing better
3:54
Speaker 6: than Australia with disposable income.
3:56
Speaker 1: Why is that?
3:57
Speaker 7: Because, David, if you look at the middle of the
4:00
Speaker 7: your effort tells you the story inflation peaked higher and
4:03
Speaker 7: earlier overseas than it did here.
4:07
Speaker 2: Yeah, global inflation.
4:08
Speaker 3: It's a convenient answer until he's shown that other countries
4:12
Speaker 3: are handling this better than us. And it's not just
4:15
Speaker 3: families hurting, but businesses too are struggling. As Liberal MPs
4:20
Speaker 3: Zoe Mackenzie said today.
4:23
Speaker 8: The country is in recession and you just need to
4:24
Speaker 8: ask the more than twenty thousand businesses that have gone
4:27
Speaker 8: out of business since this government was elected to know
4:30
Speaker 8: that everything is heading in the wrong direction. I can't
4:33
Speaker 8: see anyone taking any comfort in any of the figures,
4:37
Speaker 8: frankly coming out of this government's male administration of the economy.
4:41
Speaker 3: Well Treasurer Jim Charmers admitted that there were expectations the
4:45
Speaker 3: GDP figures today would start to show a turnarout and
4:49
Speaker 3: across the industry. There was a wide expectation the economy
4:53
Speaker 3: would start to show green shoots and grow again. Facing
4:57
Speaker 3: the press today, Charmers was realist stick about the data.
5:01
Speaker 3: He said the growth was weak and slow.
5:05
Speaker 9: It's weighed down by interest rates and cost of living
5:07
Speaker 9: pressures and global economic uncertainty as well. Now Australians would
5:12
Speaker 9: be much worse off and growth in our economy would
5:16
Speaker 9: be even weaker without our responsible and balanced approach to
5:21
Speaker 9: the budget and without our cost of living support.
5:26
Speaker 3: But he said there was an encouraging aspect of the
5:28
Speaker 3: data that wages are growing and they grew by zero
5:32
Speaker 3: point two percent in the quarter. And this is true
5:36
Speaker 3: that wages are our growing, not falling, even if it
5:38
Speaker 3: is by zero point two percent. But the problem is
5:41
Speaker 3: that wages growth is largely eroded by bracket creep. Economists
5:46
Speaker 3: are concerned about how much of the increase in government
5:49
Speaker 3: tax revenue is because of bracket creep. Middle Australia is
5:54
Speaker 3: paying more taxes while wages only grew zero point two percent,
6:00
Speaker 3: and at the same time, government spending hit a record high.
6:04
Speaker 3: That means no government has ever spent more money than
6:07
Speaker 3: the Albanezy government at a time when economists and even
6:11
Speaker 3: the RBA has been begging the government to rain in
6:15
Speaker 3: spending to tame inflation. Well, the finn Reviews Economics editor
6:20
Speaker 3: John Keo says the national accounts are grim reading his words,
6:24
Speaker 3: and he says indisputably worse than expected. And he wrote
6:29
Speaker 3: today that the private sector is even teetering on recession.
6:33
Speaker 3: And he says that it's bloated government spending and immigration
6:38
Speaker 3: that's keeping the economy afloat, even though it's barely afloat.
6:43
Speaker 3: John Keo writes, no amount of lipstick on this pig
6:46
Speaker 3: can hide the economic stagnation. Government spending and immigration are
6:51
Speaker 3: not a sustainable way to expand a high productivity economy
6:55
Speaker 3: that lifts living standards and real incomes for Australians. But
7:01
Speaker 3: the reality is that without this government spending, the weakest
7:06
Speaker 3: annual growth since the nineties recession of zero point eight percent.
7:10
Speaker 2: Would have been much worse.
7:12
Speaker 3: In fact, if it wasn't for this government spending, we'd
7:15
Speaker 3: be in a recession. And economists are arguing that spending
7:19
Speaker 3: should be rained in. It's a point to a minister
7:22
Speaker 3: element economist Chris Richardson made here on this show last
7:26
Speaker 3: night when he said the government could be doing more
7:29
Speaker 3: to bring down spending.
7:31
Speaker 10: The International Monetary Funds says if governments want to help
7:36
Speaker 10: their central banks fight inflation, then governments need to cut
7:40
Speaker 10: spending and raise taxes. Or, in other words, if inflation
7:44
Speaker 10: is a problem of too much money chasing too little stuff,
7:47
Speaker 10: governments can help by taking money out of the system instead.
7:52
Speaker 10: Most governments around the world, but particularly here in Australia,
7:55
Speaker 10: are doing the opposite.
7:58
Speaker 3: And there's now specky that because our economy is so weak,
8:03
Speaker 3: it could prompt the IBA to cut rates earlier than
8:06
Speaker 3: it would have. Now that's pure speculation and the IBA
8:10
Speaker 3: has given no indication that it plans.
8:12
Speaker 11: To do that.
8:14
Speaker 3: But if it does do this because our economy is
8:17
Speaker 3: so weak, Albin Easy of course will celebrate it and
8:21
Speaker 3: claim it's evidence of good economic management. He'll even use
8:26
Speaker 3: it to claim the cost of living crisis is over,
8:30
Speaker 3: when the reality is far from this. Many Australians are
8:35
Speaker 3: now facing a miserable Christmas, unable to afford to take
8:39
Speaker 3: even a local holiday and struggling to pay for Christmas
8:43
Speaker 3: presents for children. Their savings that they accumulated during the
8:47
Speaker 3: pandemic have been eaten up used to pay for bills
8:50
Speaker 3: and basic household expenses, and according to new polling today,
8:55
Speaker 3: one in three Australians have gone without medicine, food or
9:01
Speaker 3: education in order to just meet their rental payments or
9:05
Speaker 3: their mortgage over the past twelve months. This is a
9:09
Speaker 3: really sad state of affairs for our developed nation, going
9:13
Speaker 3: without food or medicine, and voters will hold this against
9:18
Speaker 3: the Prime Minister, as they should, because this is what
9:21
Speaker 3: he promised them.
9:23
Speaker 7: Labor has a plan for a better future, a plan
9:27
Speaker 7: not just for them but for their children as well,
9:29
Speaker 7: for families taking the pressure off the cost of childcare,
9:32
Speaker 7: the cost of electricity, a plan to address cost of living,
9:36
Speaker 7: take pressure off cost of living, meaningful ongoing help with
9:41
Speaker 7: the cost of living for families.
9:44
Speaker 2: Yep.
9:45
Speaker 3: Alben Easy promised life would be more affordable over and
9:48
Speaker 3: over again. And as families now scratch around to pay
9:53
Speaker 3: for Christmas decorations, there's only one person they'll blame. And
9:57
Speaker 3: when they remember that Albin Easy Thomas life would be
10:01
Speaker 3: better while also pledging a new era of integrity in politics,
10:06
Speaker 3: well they'll only be anger at the ballot box. Well,
10:13
Speaker 3: another big show tonight. As always, world leading stockbroker angers
10:16
Speaker 3: Aitkin would join me live in studio, his first ever
10:19
Speaker 3: TV interview, and he's going to rip into climate warrior
10:23
Speaker 3: Chris Bowen, plus Warren Hogan, Daniel.
10:25
Speaker 2: Malino and Keith pitt all coming up.
10:27
Speaker 3: But now let's bring in former Victorian Liberal Party president
10:30
Speaker 3: Michael Kroger and labor powerbroker Graham Richardson.
10:34
Speaker 2: Welcome, gentlemen, to you both.
10:36
Speaker 3: Michael, I want to start by getting your response to
10:39
Speaker 3: the National account data out today in the news that
10:41
Speaker 3: we're now in a record household recession, that seven consecutive quarters.
10:47
Speaker 2: In a row.
10:50
Speaker 12: Well, what it means is that the Australian public has
10:53
Speaker 12: been in a recession for one and three courtery years,
10:55
Speaker 12: almost two years. But everyone knows that the lived experience
10:57
Speaker 12: of people is that they are doing it harder than
11:00
Speaker 12: they've ever done in their life. And this is off
11:03
Speaker 12: of the back of Albanisi winning the election on the
11:06
Speaker 12: basis of you know, these great sort of advertising lines
11:09
Speaker 12: there's a cost of living crisis, power bills will be reduced,
11:12
Speaker 12: blah blah blah. I mean this was all a fraud.
11:14
Speaker 12: He had no idea what he's doing. He's got a
11:16
Speaker 12: second rate treasure who has've said for a long time
11:18
Speaker 12: he's a commentator, He's not a treasure a's bootlace. He
11:22
Speaker 12: wouldn't make the top twenty of any labor government of
11:24
Speaker 12: the last twenty to thirty years for old Jim. And
11:27
Speaker 12: basically the economy is running him. He's not running anything.
11:30
Speaker 12: And so these are disastrous accounts propped up by unsustainable
11:36
Speaker 12: massive government expenditure at federal and state level. And we
11:40
Speaker 12: know where this is all going. We've seen this movie
11:43
Speaker 12: before in Victoria in South Australia. It's disastrous state governments
11:49
Speaker 12: and this will probably end up being a labor government
11:52
Speaker 12: worse than that of Kevin Rudd. And that's saying something
11:55
Speaker 12: Sharry Rich.
11:56
Speaker 3: I mean, spin aside, these are the weakest figures since
12:00
Speaker 3: Paul Keating's recession if you put lockdowns to one side.
12:04
Speaker 3: You know, the government's argument is that without the government
12:07
Speaker 3: spending we would be in a recession right now. But
12:11
Speaker 3: families feel like they're in a recession because of the data,
12:15
Speaker 3: the GDP per capita.
12:17
Speaker 11: Yeahs are times are definitely tough and the economy is
12:21
Speaker 11: not doing everything that Jim Chalmers tells that it should do.
12:25
Speaker 11: And I think that is pretty obvious to the ordinary
12:29
Speaker 11: person in the street who usually doesn't care much about
12:33
Speaker 11: economics or politics. But people are filling the pinch at
12:36
Speaker 11: the moment and times are tough. If that doesn't turn
12:41
Speaker 11: around in a reasonably short time, then the government may
12:46
Speaker 11: pay a very big price at the ballot box.
12:49
Speaker 2: Indeed, because this is going to be the biggest issue.
12:51
Speaker 3: And if we see blackouts over some and I'm going
12:54
Speaker 3: to speak about that with anger skid in a moment.
12:56
Speaker 2: Well, let's move into the world.
12:57
Speaker 3: Let's move on to the worst foreign minister in Australia's history, Pennywog.
13:02
Speaker 2: I have to tell you, it just feels like groundhog Day.
13:04
Speaker 3: It feels like every week I have to talk about
13:07
Speaker 3: the latest shocking thing Pennywog has done. And now this
13:10
Speaker 3: disgraceful move Australia changing our position to support more UN
13:15
Speaker 3: resolutions against Israel. And this one, the first one demands
13:19
Speaker 3: and I'm going to quote from this here, that Israel
13:22
Speaker 3: bring to an end its unlawful presence in the occupied
13:26
Speaker 3: Palestinian territory as rapidly as possible. No demand in this
13:31
Speaker 3: resolution for the terrorists that run Gaza to recognize Israel.
13:34
Speaker 3: No demand in this resolution for the terrorists to return
13:37
Speaker 3: the hostages. God forbid anyone at the UN should care
13:41
Speaker 3: about the hostages. Michael Kroger, what is wrong with Penny
13:44
Speaker 3: Wog in this government?
13:47
Speaker 12: Well, the hard left extremis, that's what they are, alban
13:50
Speaker 12: Ezi Wong. These people are of the hard labor left.
13:53
Speaker 12: This is the Bill Hartley fection from the nineteen seventies.
13:56
Speaker 12: This is not the Hawk faction. This is a debate
13:58
Speaker 12: which goes back fifty years in Lebavarty history, which Graham
14:00
Speaker 12: knows better than me. But Bill Hartley was a hard
14:03
Speaker 12: left pro Palestinian activist here in the labor movement in
14:06
Speaker 12: the seventies and this is his faction which have finally
14:08
Speaker 12: wrestled control of the federal Parliamentary Labor Party. I mean,
14:11
Speaker 12: Israel has tried to give back the disputed territories on
14:15
Speaker 12: any number of occasions since nine.
14:16
Speaker 1: And forty eight.
14:17
Speaker 12: They tried to give the goal on Heights back to Syria,
14:19
Speaker 12: but they don't seem to want them, and we have
14:23
Speaker 12: a UN passing these ridiculous resolutions. It's time, Shari, for
14:26
Speaker 12: the UN to sit down and tell the world, for
14:29
Speaker 12: Penny Long to tell the world what type of Palestinian
14:32
Speaker 12: state are we looking at.
14:33
Speaker 1: What we know is this.
14:35
Speaker 12: It's not going to be a democracy, right because Hamas
14:37
Speaker 12: and Fata don't have elections. They're not going to be
14:40
Speaker 12: freedom of the press in a Palestinian state. There's not
14:43
Speaker 12: going to be freedom of religion unless you're a Sunni.
14:46
Speaker 12: They won't recognize Israel's right to exist. There's no freedom
14:49
Speaker 12: of religion, there's no rights for gays, there's hatred of
14:53
Speaker 12: the Americans, there's death to America and death to the West.
14:57
Speaker 12: That's the type of Palestinian state we are looking at.
15:00
Speaker 12: If the UN would sit down and tell the truth
15:02
Speaker 12: about you know, but what we have with these sort
15:05
Speaker 12: of resolutions in theory without any practice, I mean, a
15:09
Speaker 12: Palestinian state on the base of everything I've said, is
15:12
Speaker 12: going to be like in Iranian theocracy al I run
15:15
Speaker 12: by the Sunni rather than the Shia.
15:17
Speaker 1: That's what people are looking for, you.
15:20
Speaker 12: Know, if this, if this comes to pass, that's what's
15:22
Speaker 12: going to happen.
15:23
Speaker 1: If this comes to.
15:24
Speaker 3: Pass, perfectly put Michael Kroger, that is just so well said,
15:28
Speaker 3: and Richo he's right. I mean, what exactly is the
15:31
Speaker 3: Rushia for Pennywong to recognize at least one Palestinian territory
15:36
Speaker 3: run by a terror regime.
15:39
Speaker 11: Yeah, I wonder I don't have an answer for that.
15:43
Speaker 11: I wish I did. And I agree with pretty well
15:46
Speaker 11: everything that Michael just said. I think Australia has dropped
15:50
Speaker 11: the ball on Israel in the Middle East and the
15:55
Speaker 11: Palestinian territories. I think we're handling it pretty poorly. And
16:00
Speaker 11: I think at some stage of their game, we've just
16:02
Speaker 11: got to stand up and admit who our ntes are,
16:06
Speaker 11: who've got to be looked after, and who are the
16:09
Speaker 11: people who would rather kill us than look after us.
16:12
Speaker 11: And that's what really annoys me about this exactly.
16:15
Speaker 2: I completely agree with you.
16:17
Speaker 3: There's this total confusion under the Albenzi government about who
16:20
Speaker 3: our allies are and who our enemies are. And this
16:23
Speaker 3: is because you have two far left figures in Albanesi
16:26
Speaker 3: and Pennywog running the show. It's just so frustrating, it
16:31
Speaker 3: really is. Now I want to turn to US Polity
16:33
Speaker 3: and by.
16:33
Speaker 12: The way, Sharry, yeah, before that, Arry, you know, we
16:36
Speaker 12: keep reading about the Palistinian authority being reconstructed.
16:40
Speaker 2: Well, as Michael.
16:41
Speaker 12: Danby says that they're now about to be twenty years
16:44
Speaker 12: into their four year term. They've had twenty years to rebuild, reconstruct,
16:47
Speaker 12: reorganize whatever. What's Mamutebus waiting for. There's no reconstruction of
16:53
Speaker 12: the Palestinian authority. They're all corrupt, anti Jewish, anti Israel
16:57
Speaker 12: regime that you know that that grew out of the PLO.
17:04
Speaker 12: He's had decades to rebuild and to reorganize himself and
17:07
Speaker 12: not be corrupt.
17:08
Speaker 1: What's he waiting for?
17:10
Speaker 12: So the notion that there's going to be some pure American, Australian,
17:13
Speaker 12: British style democracy is an utter absurdity. But the U
17:18
Speaker 12: and should be honest and tell people this is what
17:20
Speaker 12: a Palestinian state will look like. It will look like
17:23
Speaker 12: an Uranian theocracy. That's what you're voting for. Penny one,
17:27
Speaker 12: well done, But I'm.
17:28
Speaker 3: Also a look where Donald Trump is right now. He's
17:31
Speaker 3: demanding the release of the hostages, and look where UN
17:34
Speaker 3: is trying to reward the terrorists who took those hostages.
17:38
Speaker 2: It's insanity.
17:39
Speaker 3: And why isn't the UN also have an investigation into
17:42
Speaker 3: how the billions of dollars in aid from the international
17:45
Speaker 3: community have been spent. Have they gone towards the underground
17:49
Speaker 3: tunnel network. Have they gone towards weapons? And why haven't
17:52
Speaker 3: they gone towards civilian infrastructure? You know, that is an
17:55
Speaker 3: investigation they should be running. Of course, they're not going
17:57
Speaker 3: to do that. Okay, let's turn to you politics now,
18:01
Speaker 3: because I'm sure we could talk about this all night.
18:04
Speaker 3: There are now reports that Donald Trump might put run
18:06
Speaker 3: De Santas in as Defense Secretary instead of Pete Hegseth.
18:10
Speaker 3: There've been allegations, and I've got to say this is
18:12
Speaker 3: according to a far left leaning media organization that hates
18:17
Speaker 3: Fox News. The allegations are that heg Seth drank alcohol
18:22
Speaker 3: before he went on air. The report claims that Fox
18:25
Speaker 3: News colleagues smelled alcohol on his breath and that they
18:29
Speaker 3: heard him talking about being hungover. I don't know what
18:32
Speaker 3: journalist hasn't been hungover at work, But.
18:34
Speaker 2: There you go, Richo.
18:37
Speaker 3: Look again, keeping in mind this is from a rival
18:40
Speaker 3: outlet to Fox News. The reports, though, are credible that
18:43
Speaker 3: Trump is looking at putting Runda Santa's in instead.
18:48
Speaker 2: Do you think this would be a good move for
18:50
Speaker 2: the President elect.
18:52
Speaker 11: Well, I don't think it would necessarily hurt him. I mean, obviously,
18:57
Speaker 11: I don't know these people neither tore you. We don't
19:00
Speaker 11: know the truth of these allegations. The trouble with these
19:03
Speaker 11: allegations is that once they hang around for a while,
19:06
Speaker 11: they get a light for their own and they become
19:09
Speaker 11: accepted fact. And I think that's very sad, especially if
19:13
Speaker 11: you're the person involved. But one thing is absolutely certain,
19:19
Speaker 11: and that is that Trump we'll find a way around,
19:21
Speaker 11: and he always does.
19:23
Speaker 2: Well.
19:23
Speaker 3: He has already had to give up Matt Gates, so
19:26
Speaker 3: this could be the second candidate Michael Kroger or his
19:30
Speaker 3: second pick that he has to cast aside.
19:34
Speaker 12: So he's got to cast this bloke aside. What because
19:36
Speaker 12: he drinks hmm, Well, he would be the only politician
19:40
Speaker 12: in the world, in the Western world who's had a
19:43
Speaker 12: few drinks before out or a half to work. So
19:46
Speaker 12: that's the basis on which he's going to get rid
19:47
Speaker 12: of him. Goodness me that we know and left. I
19:51
Speaker 12: think this guy will do a good job. You know,
19:54
Speaker 12: he's a former veteran, he's not tainted by the past.
19:59
Speaker 12: But in any case, if Trump does move him and
20:01
Speaker 12: puts de Santas in, I don't think Trump will worried
20:03
Speaker 12: too much about that. I mean, he's had defeats before
20:06
Speaker 12: and you know he's got to crash through or crash style,
20:09
Speaker 12: and this will be part of the crash, but a
20:11
Speaker 12: weird minor one, So I don't think I'll worry him
20:13
Speaker 12: too much either way, but really getting rid of someone
20:15
Speaker 12: because he's been drinking seriously.
20:19
Speaker 3: There have been other allegations of course, as well, relating to,
20:23
Speaker 3: you know, sexual assault that Hexath has denied. Rich O,
20:28
Speaker 3: I can't have you on the show without asking you
20:30
Speaker 3: about this rift between Alban Easy and Tanya Plebasek.
20:34
Speaker 2: Just how bad is it?
20:36
Speaker 11: Oh, I don't think there's any rift, Calne, No.
20:40
Speaker 1: I don't. I actually really don't.
20:43
Speaker 11: They're both friends of mine, and if there's a rift
20:45
Speaker 11: between them, then I'm going to say I've missed it.
20:49
Speaker 11: They can argue, they can disagree. People do that, but
20:52
Speaker 11: it doesn't mean there's a splitting.
20:54
Speaker 2: Well, come on, what about how he treated her this week? Though?
20:57
Speaker 2: He gasolt her to.
20:59
Speaker 3: You is a new term, a modern term, which means
21:03
Speaker 3: that you know she went and did a deal with
21:04
Speaker 3: the Greens. He pretended one had it been done when
21:07
Speaker 3: it had.
21:09
Speaker 11: Yeah, I think this week's been She'll we say a
21:12
Speaker 11: little sloppy, but that happens sometimes in politics. Not every
21:16
Speaker 11: week can be a good one.
21:18
Speaker 3: Do you think if something happens to Row she would
21:21
Speaker 3: be the next leader? She would be a leadership candidate.
21:26
Speaker 1: I doubt it.
21:27
Speaker 11: I think she'd make a very good leader. But she
21:30
Speaker 11: doesn't have caucus battalions behind her.
21:33
Speaker 2: Chalmers or Tony Burke.
21:35
Speaker 11: No, yeah, you haven't. If you haven't got the battalions,
21:38
Speaker 11: you can't be in the race.
21:39
Speaker 2: So who does Who would have the numbers? If something
21:42
Speaker 2: happened to Albert.
21:43
Speaker 11: I think there would be a pretty close run between Charmers,
21:51
Speaker 11: Miles and Burke. I mean, it'd be very hard to
21:55
Speaker 11: pick a winner. I'm not sure I'd be prepared to
22:00
Speaker 11: put money on the table at this stage.
22:02
Speaker 3: Well, let's see if it comes to that over the
22:05
Speaker 3: next few months. Going to be fun watching this unfold.
22:08
Speaker 3: Graham Richards and Michael Kroeger thank you both so much,
22:10
Speaker 3: as always for your time.
22:12
Speaker 1: Thank you, Charry.
22:14
Speaker 2: Now. In recent weeks, Australians have been told to delay.
22:17
Speaker 3: Dishwasher use and stop using too much electricity after three
22:21
Speaker 3: o'clock in the afternoon or risk blackouts. This is ludicrous
22:26
Speaker 3: for twenty first century Australia to have to ration electricity,
22:29
Speaker 3: and it's only a summer.
22:31
Speaker 2: Is just beginning now.
22:32
Speaker 3: Of course this is a self inflicted crisis. We're an
22:35
Speaker 3: energy rich nation, but we're exporting gas whilst struggling for
22:39
Speaker 3: our own supply across the country. Well, the world leading
22:43
Speaker 3: stockbroker has bravely gone public to strongly criticize the energy
22:47
Speaker 3: and climate change minister Chris Bowen. And I'm joined now
22:51
Speaker 3: by the man himself, prominent and well respected stockbroker Angus Aiken.
22:55
Speaker 2: Angus, great to see you here in sky. Thank you
22:57
Speaker 2: for joining me, Thanks for having me.
22:59
Speaker 3: I'm sure now we're facing blackouts this summer we're paying
23:02
Speaker 3: more for the privilege. How do you think Chris Bowen
23:05
Speaker 3: has handled the energy supply in Australia.
23:08
Speaker 13: I always think arrogance and stubbornness are to shocking trades
23:12
Speaker 13: in life and in our listed companies. We always avoid
23:15
Speaker 13: companies where where they think there's arrogance, they won't listen
23:17
Speaker 13: to ernion's opinion, and Chris Bowen is that in the
23:20
Speaker 13: political world. He will not listen to any other opinion
23:23
Speaker 13: other than his own views. And so far, the way
23:25
Speaker 13: we look at it, in this energy transition, all he's
23:28
Speaker 13: done is create less reliable base load power and significantly
23:32
Speaker 13: higher energy prices for the average Australian.
23:34
Speaker 3: I mean, as you point out in a note to
23:36
Speaker 3: investors where you first went public with all of this,
23:40
Speaker 3: I mean you compare Chris Bowen to a fun manager
23:42
Speaker 3: where the stock price has gone down by ninety percent,
23:45
Speaker 3: but he's still out there saying the market is wrong
23:49
Speaker 3: and not him.
23:51
Speaker 2: I mean, how ignorant do you think he is.
23:52
Speaker 13: I think he's up there in terms of the most
23:54
Speaker 13: stubborn politicians behind the Malcolm Turnbulls and Kevin Rudd's, and
23:57
Speaker 13: we know how those sort of political career has ended.
24:01
Speaker 13: But you know he's going against some of the smartest
24:03
Speaker 13: minds in the world. He's very against nuclear. Doesn't mean
24:06
Speaker 13: we need giant nuclear plants here tomorrow, but to go
24:08
Speaker 13: against the Bill Gates, as the Jeff Bezoses and these
24:10
Speaker 13: type of hyper successful technology investors, the best smartest people
24:15
Speaker 13: in the world over the last thirty years. What makes
24:17
Speaker 13: Chris Bowen smarter than those people?
24:19
Speaker 2: Nothing exactly.
24:20
Speaker 3: And also we're seeing more than thirty countries around the
24:23
Speaker 3: world how nuclear as part of that energy mix. Yet
24:26
Speaker 3: the Abenezy government is running this line that we shouldn't
24:28
Speaker 3: even go there in Australia. I mean, voters aren't going
24:31
Speaker 3: to buy the scare campaign, are they shary?
24:34
Speaker 13: I just can't believe we go to We're a G
24:36
Speaker 13: twenty member. That means, you remember of the twenty largest
24:38
Speaker 13: economies in the world.
24:39
Speaker 1: And albo is in Rio the other day.
24:41
Speaker 13: I'm pretty sure he wasn't telling the other delegates there
24:43
Speaker 13: about turning off the kettle and j dishwasher at night.
24:46
Speaker 13: It's an embarrassment. But Chris Bowen, you know, I was
24:49
Speaker 13: looking through his declaration of interest. The guy received a
24:52
Speaker 13: number plate from Tim Waltz and declared it. I mean,
24:54
Speaker 13: getting something from the Minnesota government. You know, a guy
24:57
Speaker 13: like that shows you're a complete loser in life.
24:59
Speaker 1: And that's through and through.
25:01
Speaker 3: I mean, ultimately, what we've seen in Australia is a
25:04
Speaker 3: rush to renewables and at the same time a failure
25:08
Speaker 3: to invest or to extend the life cycle of colfied
25:12
Speaker 3: power plants. But the reality is whether we like it
25:14
Speaker 3: or not, and you know, some viewers might not like it,
25:17
Speaker 3: but the reality is at the moment, to keep the
25:19
Speaker 3: lights on, we still need cold.
25:21
Speaker 1: Yeah.
25:22
Speaker 13: I was in America last week for work, and the
25:24
Speaker 13: average American cannot believe a resource rich country like Australia.
25:28
Speaker 13: We explot four times that we produce four times as
25:31
Speaker 13: much gas as we consume, and we're talking about importing
25:33
Speaker 13: gas into Australia. Just think about that, like a nine
25:36
Speaker 13: year old at school can understand that makes no sense.
25:38
Speaker 13: Culified power just before we came on air, it's seventy
25:41
Speaker 13: percent of the New South Wales power grid at this
25:43
Speaker 13: time of the day there is zero solar.
25:45
Speaker 1: So for Chris to say it should be zero in.
25:48
Speaker 13: Four or five or six years time, it is an
25:50
Speaker 13: impossible task because you think about the scale of the
25:52
Speaker 13: batteries that you need to make up for seventy percent
25:55
Speaker 13: of the power grid at this time of day in
25:57
Speaker 13: this peak power period.
25:58
Speaker 1: So we just see his rushing it.
26:00
Speaker 13: We've got nothing against renewables, is a role for renewables,
26:03
Speaker 13: it's just the pace of it is. What we're saying
26:05
Speaker 13: is madness and he will not listen to economic common
26:08
Speaker 13: sense and that's what worries us for the Australian economy.
26:11
Speaker 3: And also they've been keeping secret their targets for twenty
26:14
Speaker 3: thirty five as well, which is kind of extraordinary.
26:17
Speaker 13: Well, so if you talk to anyone in the energy sector,
26:19
Speaker 13: like the biggest players, they don't like to stay stuff
26:21
Speaker 13: publicly for fear of the government shooting their head off
26:24
Speaker 13: and that sort of thing. They all know these targets
26:26
Speaker 13: are totally unachievable. You talk to any major power retailer,
26:29
Speaker 13: gas producer, none of these targets are achievable.
26:31
Speaker 1: Only Chris Bowen is sticking to the transmission.
26:34
Speaker 13: When you're driving through the countryside and you see the
26:36
Speaker 13: big old power transmission lines, some of them are fifty
26:39
Speaker 13: sixty seventy years old.
26:41
Speaker 1: You know, we've underinvested in this infrastructure a decade. You
26:43
Speaker 1: cannot just.
26:44
Speaker 13: Turn all this soul and win non out in the
26:47
Speaker 13: middle of nowhere and have a stable grid. And that's
26:49
Speaker 13: what Bohn will never admit publicly.
26:51
Speaker 3: I mean, it's putting ideology, let's face it, putting ideology
26:55
Speaker 3: above reliability.
26:56
Speaker 13: Yeah, and I think you know, you look at as
26:58
Speaker 13: I keep coming back to that stuff of nuclear against
27:01
Speaker 13: gas is the way we can totally change this economy.
27:04
Speaker 13: We have abundant gas resources we could fund. You know,
27:07
Speaker 13: there's the Beatloo Basin in the Northern Territory that's the
27:09
Speaker 13: size of Austraya. It will be developed and it'll be
27:11
Speaker 13: huge for the Australian economy. You know, there's so many
27:14
Speaker 13: ways we can solve this. But to me, us importing
27:16
Speaker 13: gas is as stupid as the Saudi's importing oil.
27:19
Speaker 1: Think how moronic that would be. That's what Chris Bowen's
27:22
Speaker 1: got us to.
27:22
Speaker 2: It's insane, it really is.
27:24
Speaker 3: I mean you think, Chris Bowen, do you remember at
27:26
Speaker 3: the last federal election, or the twenty nineteen election that
27:30
Speaker 3: Bill Shotten lost to is considered the unlosable campaign. Chris
27:34
Speaker 3: Bolin was then in the Treasury portfolio. He took these
27:37
Speaker 3: most radical tax proposals to the Australian public and he said,
27:41
Speaker 3: if you don't like them, don't vote for us.
27:43
Speaker 2: And Australians chose not to vote for him.
27:46
Speaker 3: I think once again he might play a role along
27:49
Speaker 3: with other ministers like Penny Wong and seriously turning Australians
27:54
Speaker 3: off the Albanese government, causing them to vote for Peter Dutton,
27:57
Speaker 3: who has put forward a nuclear energy and you'd have
28:01
Speaker 3: to think, I mean, would you put.
28:02
Speaker 2: Chris Bowen in charge of running a school fate?
28:05
Speaker 13: No, I think it would go bankrupt. You even nour
28:08
Speaker 13: sausages of Chris barn He is totally incompetent. And the
28:12
Speaker 13: problem we've got here is the further we go down
28:14
Speaker 13: this path, the harder it is to change.
28:16
Speaker 1: And there is no shorter energy or natural resources in
28:19
Speaker 1: this country.
28:20
Speaker 13: It is just they have to encourage these big companies
28:22
Speaker 13: to invest and have certainty not demonize the gas industry,
28:26
Speaker 13: the coal fired power industry and these sort of things.
28:28
Speaker 13: That is what we need is less of a pylon
28:31
Speaker 13: on these major current energy producers and this pressure to
28:34
Speaker 13: go to renewables, you know, and you think about his
28:36
Speaker 13: promise with Turner and seventy five bucks off your power
28:39
Speaker 13: bill at the election, You're now up about seven hundred.
28:42
Speaker 1: So it's the reverse. So this idea of lower prices
28:46
Speaker 1: is just not achievable, you know, to do with this
28:48
Speaker 1: renewbal revolution.
28:49
Speaker 3: Of Christmas, there's a complete fatasy let alone and broken promise. Well,
28:53
Speaker 3: I understand you've put a gas fire generator in your garage.
28:58
Speaker 2: So if there's black arts at summer or coming, shout it.
29:01
Speaker 13: I'm not a doomsday prepper, but I know there's blackouts
29:03
Speaker 13: coming in the next five years thanks to Chris. And
29:06
Speaker 13: just remember people with no history in private enterprise, don't
29:09
Speaker 13: make good politicians.
29:10
Speaker 1: Chris has zero experience.
29:12
Speaker 2: Right, Well, I'll be at your house when there's a
29:13
Speaker 2: blackout over summer. Wengers. Thank you so much for your
29:16
Speaker 2: time to really appreciate it.
29:18
Speaker 3: Such smart words there. You see, this is sensible advice.
29:22
Speaker 3: Chris Bowen should listen to it.
29:24
Speaker 4: Now.
29:25
Speaker 3: Coming up after the break, the ABC's ideology on the
29:28
Speaker 3: energy crisis has been exposed. Plus just how long will
29:31
Speaker 3: we be in a household recession? For leading economist Warren
29:35
Speaker 3: Hogan would join me to discuss that's after the break.
29:42
Speaker 2: Welcome back.
29:42
Speaker 3: Well, as we've been speaking about, Australia received it's economic
29:46
Speaker 3: health check up today and the figures prove what we know.
29:49
Speaker 2: Our economy is a.
29:51
Speaker 3: Train wreck, with household recession now at record levels. Let's
29:55
Speaker 3: bring in now Judo Banks, Chief Economic Advisor, Warren Hogan.
30:00
Speaker 2: Great to see you as always.
30:02
Speaker 3: Look, the government's line is that without government spending we
30:07
Speaker 3: would be in a recession right now, and that's true
30:09
Speaker 3: not just with government spending but with.
30:11
Speaker 2: High migration levels.
30:13
Speaker 3: But at the same time we've got the RBA in
30:15
Speaker 3: economists saying that the government really needs to rein in
30:18
Speaker 3: spending in order to tame inflation.
30:21
Speaker 2: So what's the answer here, Yeah, Hi, Sherry.
30:24
Speaker 14: Look, it's a very complex economy we're dealing with here,
30:27
Speaker 14: unlike anything we've seen in fifty or sixty years, and
30:31
Speaker 14: that's because we have a capacity constraint. We have not
30:35
Speaker 14: enough workers, we have not enough trades and skills in
30:38
Speaker 14: that section of the building side of things, and we
30:42
Speaker 14: can only grow by so much and that is having
30:46
Speaker 14: a really detrimental effect on recorded rates of growth. One
30:50
Speaker 14: percent annual growth is weak by our standards of the
30:53
Speaker 14: last thirty years. We used to sort of three percent,
30:56
Speaker 14: but that's all we can do. In fact, it may
30:58
Speaker 14: even be too much. But the real problem and the
31:01
Speaker 14: real concern is that the public sector, not just the
31:04
Speaker 14: federal government but all the states are growing there spending
31:08
Speaker 14: at an incredibly high rate of over four percent, So
31:11
Speaker 14: they're pushing the economy beyond its limits. And of course
31:15
Speaker 14: this idea that if it wasn't for the government, the
31:17
Speaker 14: economy would be in recession is just not right. The
31:21
Speaker 14: government is out competing the private sector for scarce labor
31:25
Speaker 14: and other resources in the economy and of course squeezing them.
31:30
Speaker 14: So with if the weaker government spending, you'd actually find
31:34
Speaker 14: private activity would be higher and we wouldn't be in recession.
31:38
Speaker 3: Well, John Keo in the fin Review writes that actually
31:41
Speaker 3: the private sector is teetering on recession. So can you
31:45
Speaker 3: explain to us how tough it is at the moment
31:47
Speaker 3: for the private sector.
31:49
Speaker 14: Yeah, Well, what we're seeing is obviously very soft consumer spending,
31:53
Speaker 14: and that's been the real driver of this slide down.
31:56
Speaker 1: In the economy.
31:57
Speaker 14: That is all because of inflation, a higher tax burden
32:02
Speaker 14: because of bracket creep and rising real income tax rates,
32:06
Speaker 14: and of course higher interest rates that squeezed household incomes.
32:10
Speaker 14: Consumer spending has slowed, it remains soft in the court
32:13
Speaker 14: despite a pickup in income because of tax cuts. And
32:16
Speaker 14: then the business side is seeing very flat activity around
32:21
Speaker 14: construction and business investment has slowed down. But to this
32:24
Speaker 14: point that it's in recession. That's what the figures show us.
32:27
Speaker 14: But the question is if it wasn't for the government
32:30
Speaker 14: out there hiring people at the expense of the private
32:33
Speaker 14: sector taking up all the trades to build infrastructure and
32:36
Speaker 14: other things, what would the private sector be doing. And
32:39
Speaker 14: I think the private sector would be actually growing. So
32:42
Speaker 14: I don't think it's the right way to characterize it.
32:44
Speaker 1: But of course what it feels like.
32:46
Speaker 14: To most Australians is the reality of a fall in
32:50
Speaker 14: our standard of living which has been going on now
32:53
Speaker 14: every quarter for the last seven quarters. And this is
32:56
Speaker 14: a long drawn out process.
32:59
Speaker 3: Yeah, and of course that's you know, GDP per capita.
33:01
Speaker 3: So while GDP is still growing zero point eight percent,
33:05
Speaker 3: as you said, much lower than the three three percent
33:07
Speaker 3: we still usually see, it was even smaller in the
33:12
Speaker 3: September quarter, just zero point three percent our national GDP.
33:15
Speaker 3: But as you say, GDP per capita now going backwards
33:18
Speaker 3: for seven consecutive quarters, what.
33:21
Speaker 2: Does this mean for the average family, how are they
33:23
Speaker 2: feeling this pinch?
33:26
Speaker 14: Well, I mean Australia has had a great economy for
33:29
Speaker 14: thirty years, all the reforms we did, opening up to
33:31
Speaker 14: the world, a great world economy that we could trade with,
33:35
Speaker 14: and what we saw there was our standard of living
33:38
Speaker 14: going up gradually one percent a year, maybe would have
33:41
Speaker 14: a good year of two percent. And this sort of
33:44
Speaker 14: saw us get to the point where not five or
33:46
Speaker 14: six years ago, we were one of the richest countries
33:48
Speaker 14: in the world. But what we have seen is a
33:50
Speaker 14: sudden and sharp step backwards in our real incomes, household
33:55
Speaker 14: real incomes of an order of magnitude of around eight
33:58
Speaker 14: to ten percent is much worse than any other developed economy,
34:01
Speaker 14: and it's all because of inflation. And it's because we
34:04
Speaker 14: have failed to deal with inflation in a timely manner.
34:08
Speaker 14: And this is a deliberate strategy. The government's desire to
34:11
Speaker 14: avoid a recession at all costs has allowed the RBA
34:14
Speaker 14: to go on this narrow path, not raise rates as
34:16
Speaker 14: much as other countries. And of course they're in they're
34:19
Speaker 14: spending money, they try and prop the thing up when
34:21
Speaker 14: indeed it doesn't need propping up. So we haven't taken
34:24
Speaker 14: our medicine. We haven't dealt with inflation, and that's what's
34:27
Speaker 14: driving living standards backwards, people's purchasing power.
34:31
Speaker 2: Just very quickly, Warren, before you go.
34:33
Speaker 3: We are starting to see speculation from some economists now
34:36
Speaker 3: that our weak economy might prompt the RBA to cut
34:39
Speaker 3: rates earlier than it would have done.
34:42
Speaker 2: What's your position on.
34:44
Speaker 14: This, Well, I don't think that's the right way to
34:47
Speaker 14: look at these numbers. And the governor only a week
34:49
Speaker 14: ago reiterated this exact story that the economy is constrained
34:54
Speaker 14: that the demand from the government is and broader, is
34:57
Speaker 14: pushing still inflation above target, and that I don't really
35:00
Speaker 14: have any scope to cut right now, So I don't
35:02
Speaker 14: see a rate cut anytime soon. And if they did,
35:05
Speaker 14: I think it would be a very dangerous strategy because
35:08
Speaker 14: the reason we're in this mess is because they haven't
35:11
Speaker 14: probably raised rates enough initially.
35:14
Speaker 3: Look, we'll hear from Michelle Bullock next week, but up
35:16
Speaker 3: until this point, she's given no indication that there's any
35:19
Speaker 3: rate cuts on the horizon at any point in the
35:22
Speaker 3: near future. Right, Warren Hogan, appreciate your insights.
35:25
Speaker 2: Thank you so much.
35:27
Speaker 9: Thanks Serry.
35:28
Speaker 3: Now, coming up after the break, surprise surprise that ABC
35:31
Speaker 3: is once again accused of bias suggestions now that they're
35:35
Speaker 3: reporting is energy activism. This outrage Saxon Davidson, and he'll
35:40
Speaker 3: join me a bit later. Plus Peter Dutton ways into
35:43
Speaker 3: the debate over pubs that refuse to celebrate Australia Day.
35:47
Speaker 3: I'll talk about that with my political panel right after
35:49
Speaker 3: the break. Well, let's go to some breaking news now,
35:56
Speaker 3: and I'm hearing that there are pro Palestinian protests right
36:00
Speaker 3: now outside the Great Synagogue in the city in Sydney.
36:04
Speaker 3: So pro Palestinian protesters are currently outside the Great Synagogue.
36:09
Speaker 3: This is an incident.
36:10
Speaker 2: Police are there.
36:11
Speaker 3: But why do these protesters have to protest outside a
36:14
Speaker 3: Jewish place of worship? Why are you protesting Judaism. You
36:20
Speaker 3: might be against the war in Israel, that is not Judaism.
36:23
Speaker 3: To protest outside of synagogue is anti Semitic.
36:26
Speaker 2: This is unfolding as we speak.
36:28
Speaker 3: I've just seen a contact sent me video on my
36:32
Speaker 3: phone right now taken from someone inside the synagogue and
36:36
Speaker 3: there are protesters right across the road as we speak.
36:40
Speaker 2: They just shouldn't be able to protest outside of synagogue.
36:43
Speaker 2: It's just not on all right. Lots more to cover tonight.
36:47
Speaker 3: Let's bring in now my political panel Labor and P
36:49
Speaker 3: Daniel Malino and National MP Keith Pitt.
36:52
Speaker 2: Welcome to you both well.
36:54
Speaker 3: Opposition leader Peter Dutton is leading the call to boycott
36:58
Speaker 3: any pubs that say Australia Day celebrations should be banned.
37:02
Speaker 3: Let's have a look at what he had to say today.
37:06
Speaker 15: If you've got a Christmas booking at a pub, or
37:08
Speaker 15: an Australia booking at a pub with your friends or family,
37:12
Speaker 15: that's not celebrating Australia canceled and go to another pub
37:15
Speaker 15: that's celebrating Australia Day, and you'll see the companies change
37:19
Speaker 15: their behaviors pretty quickly.
37:20
Speaker 1: They're changing.
37:21
Speaker 15: They're not closing down the pokies on Australia are they.
37:24
Speaker 15: They're not saying that they're going to reduce the price
37:27
Speaker 15: of beer on Australia Day because it's, you know, philosophically
37:32
Speaker 15: what they wanted to do. They're still happy to make
37:33
Speaker 15: money and I think they should be supporting our national cause,
37:38
Speaker 15: and our national cause is best advanced whill we celebrate
37:41
Speaker 15: the great country we are.
37:43
Speaker 2: All right, Labor and p Daniel Milino? Is this sensible?
37:46
Speaker 3: If a pub's not going to celebrate our national day,
37:48
Speaker 3: then should people go elsewhere?
37:53
Speaker 1: Oll? Thanks for having me on Shari.
37:55
Speaker 16: You know, I was thinking about this as I've seen
37:57
Speaker 16: it evolve in the media over the last few days.
38:01
Speaker 16: I've been elected at all three levels of government. I
38:03
Speaker 16: was a counselor about fifteen years ago in out of
38:07
Speaker 16: suburban Melbourne and even back then, Australia Day was evolving
38:11
Speaker 16: and I remember back then Australia Day took on much
38:15
Speaker 16: more of a theme of celebrating volunteerism as a way
38:19
Speaker 16: of bringing the community together. And since that time, Australia
38:23
Speaker 16: Day has evolved further, and it is fair to say
38:26
Speaker 16: that it has become somewhat controversial in parts of our community.
38:32
Speaker 16: And I think we're in an interesting transition at the
38:34
Speaker 16: moment with Australia Day. When I was thinking about how
38:37
Speaker 16: pubs in my own electorate are dealing with this, it
38:42
Speaker 16: reminded me that Australia Day evokes very different feelings in
38:46
Speaker 16: different parts of my electorate. There are some parts of
38:48
Speaker 16: my electorate that want to continue celebrating Australia Day much
38:52
Speaker 16: as it has been for a long time, and pubs
38:54
Speaker 16: will do that in those parts of the electorate. There
38:57
Speaker 16: are other parts of my electorate where they're wanting to
38:59
Speaker 16: treat as You Day very differently. And I think as
39:02
Speaker 16: a country we are going through a process where different
39:05
Speaker 16: parts of our community are wanting to treat Australia Day differently.
39:09
Speaker 16: I don't know what the endpoint's going to be. What
39:11
Speaker 16: I'd say is there's no single rule here. And I
39:13
Speaker 16: think part of the problem with what that pub did,
39:15
Speaker 16: or that chain of pubs, is that they came in
39:18
Speaker 16: with a ham fisted single rule and didn't understand their
39:21
Speaker 16: own consumer base. I think the rule here is that
39:24
Speaker 16: people don't want to be lectured when they're going to
39:26
Speaker 16: the pub or going out. But I do think there's
39:29
Speaker 16: going to be a range of different things people want
39:31
Speaker 16: across the community, and I'd just say that pubs or
39:35
Speaker 16: bars or whatever restaurants just need to know that consumer base.
39:39
Speaker 3: Quite controversial comments there, Daniel Keith, What do you think
39:42
Speaker 3: about what Daniel just had to say that we're in
39:45
Speaker 3: a transition period on Australia Day that not everyone wants
39:48
Speaker 3: to celebrate it.
39:49
Speaker 1: What do you think, Wow, if.
39:53
Speaker 17: The Labor government wants to transition to Australia, let's go
39:56
Speaker 17: to the election tomorrow showing because I tell you the
39:59
Speaker 17: overwhelming major already of Australia and that up for transitioning.
40:02
Speaker 1: They want Australia where it is.
40:03
Speaker 17: They're proud of our country, they're proud.
40:05
Speaker 1: Of our flag.
40:06
Speaker 17: They just want to be left alone to celebrate what
40:08
Speaker 17: is the greatest country in the world. And if it
40:10
Speaker 17: is the Labor proposition to make changes around Australia to day,
40:13
Speaker 17: well they should take that to the election.
40:15
Speaker 1: And I look forward to it, I really really do.
40:18
Speaker 17: We're not even up to Christmas, no matter Boxing Day
40:21
Speaker 17: or New Year, and here we are getting electioned already
40:24
Speaker 17: by companies about Australia. How about we just get on
40:27
Speaker 17: with it and celebrate our nation.
40:28
Speaker 1: That's what it's about.
40:29
Speaker 2: Yeah, look, I agree.
40:31
Speaker 3: I think most Australians love Australia Day, that we should
40:35
Speaker 3: be proud of our country and have a day to
40:37
Speaker 3: celebrate it.
40:38
Speaker 2: And you know this is generation or now.
40:40
Speaker 3: We can all remember every Australia Day almost. I can
40:44
Speaker 3: going to the beach or being at home, having friends over, barbecues,
40:48
Speaker 3: cricket on the television, people playing, the boys playing cricket outside.
40:53
Speaker 2: Daniel, I don't know.
40:54
Speaker 3: I'm surprised that you had to say that, but we'll
40:57
Speaker 3: see that has probably kicked the debate along a bit now. Now, Daniel,
41:01
Speaker 3: you were this afternoon as part of a committee that's
41:04
Speaker 3: looking at the nuclear mix whether it should be included
41:08
Speaker 3: in our energy mix. Nuclear energy, whether it should be
41:11
Speaker 3: included as part of our energy mix.
41:13
Speaker 2: This inquiry, of course, was set up after.
41:16
Speaker 3: Peter Dutton announced his nuclear proposal. Daniel, what are you
41:21
Speaker 3: hearing from the inquiry so far?
41:26
Speaker 16: Well, look, some of The issues that I've been hearing
41:29
Speaker 16: are that nuclear in Australia is going to be problematic
41:33
Speaker 16: for a range of reasons, one of which is the
41:35
Speaker 16: time it's going to take, and the other is the
41:38
Speaker 16: risk of serious blowouts when you think about the time,
41:42
Speaker 16: we're starting from a standing start. We don't have any
41:45
Speaker 16: social license in Australia. We haven't had serious work done
41:49
Speaker 16: around site selection. We had an expert from expert on
41:54
Speaker 16: US nuclear plant selection give us evidence today who wasn't
41:58
Speaker 16: anti nuclear. She said that if the process of community
42:02
Speaker 16: engagement doesn't involve genuine engagement where communities can say no,
42:07
Speaker 16: then it's led often in the United States to the disaster.
42:11
Speaker 16: And what we see with the coalition policy is that
42:14
Speaker 16: they're basically announced seven sites, no negotiation, and there's going
42:19
Speaker 16: to be a ticker box consultation. The other issue is
42:22
Speaker 16: the construction blowouts We've seen in the United States with
42:25
Speaker 16: the Vogel plant, were seen in the UK with the
42:28
Speaker 16: Hinckley plant. Construction times alone have blown out to fifteen
42:32
Speaker 16: years in those two cases, and that's not including all
42:36
Speaker 16: of the planning and financing.
42:38
Speaker 1: And regulatory side.
42:39
Speaker 3: I just want to make sure we have way too
42:40
Speaker 3: long enough time for Keith Pitt's response to all of this. Keith,
42:45
Speaker 3: this is clearly the line that Labour's going to run
42:48
Speaker 3: and the lead up to the next election.
42:49
Speaker 2: What's your response.
42:53
Speaker 17: UCAS has been underway for a number of years. Show
42:55
Speaker 17: it's nuclear reactors in nuclear submarines at Australian bases. I
43:00
Speaker 17: don't think the.
43:00
Speaker 1: Australian people will have the will pulled over their eyes.
43:03
Speaker 1: Lots of other.
43:03
Speaker 17: Countries are using it right around the world. Time has
43:07
Speaker 17: come we should be implemented here in Australia because it
43:09
Speaker 17: is zero missions, it is reliable, it uses very little land.
43:14
Speaker 17: We've got the people of the technology. We should just
43:17
Speaker 17: get on with it and it's a long way to
43:19
Speaker 17: twenty fifty. Twenty five years is a long time, all right.
43:23
Speaker 2: Let's turn to Tasmania.
43:24
Speaker 3: Hundreds of workers in the salmon industry are nervously waiting
43:28
Speaker 3: on Tanya Plibisek to make a decision that will affect
43:31
Speaker 3: their livelihoods. Daniel Malino, this is a very controversial issue
43:36
Speaker 3: now and don't workers deserve to know what's happening to
43:40
Speaker 3: their jobs. Why hasn't a decision been made here?
43:46
Speaker 16: Well, look, I think with complex issues like this. Decisions
43:50
Speaker 16: often take a long time, and this is something that
43:53
Speaker 16: we've seen across governments of both political strikes for stripes
43:57
Speaker 16: for a long time. I mean, this was part of
43:59
Speaker 16: the reason for the Samuel Review, which was undertaken under
44:03
Speaker 16: the previous government and which found that a number of
44:07
Speaker 16: reforms were needed based upon a lot of systemic delays
44:10
Speaker 16: that were occurring under the previous government. Look, the Minister
44:14
Speaker 16: is making decisions based on all of her obligations under
44:17
Speaker 16: the laws. She has to step through these things carefully.
44:21
Speaker 16: I totally agree with you that workers rightly want these
44:24
Speaker 16: decisions made in a timely way. But these are complex
44:27
Speaker 16: issues and she might make a.
44:28
Speaker 3: Decision only for Anthony Albert easy to overrule it, as
44:32
Speaker 3: we've seen with the EPA laws. All Right, Daniel Malino,
44:35
Speaker 3: Keith Pitt, thank you very much for your time.
44:39
Speaker 2: There you go.
44:39
Speaker 3: It looks like that Australia Day debate is going to
44:42
Speaker 3: kick on. You've just heard a labor in p say
44:44
Speaker 3: that we're in a transition period with Australia Day.
44:48
Speaker 2: All right, don't go anywhere.
44:49
Speaker 3: The IPA Saxon Davidson is fired up about the ABC
44:53
Speaker 3: using taxpayer dollars to fund energy activism and woke ideology.
44:57
Speaker 2: Here's coming up after this quick break. Welcome back. Well,
45:03
Speaker 2: let's return to that breaking news.
45:05
Speaker 3: There is an incident outside the Great Synagogue in Sydney
45:08
Speaker 3: as we speak. There are pro Palestinian protesters right outside
45:12
Speaker 3: the synagogue.
45:13
Speaker 2: You can see it on your screen.
45:15
Speaker 3: There are hundreds of Jews inside the synagogue. The synagogue
45:19
Speaker 3: is in lockdown. It is not safe for the Jews
45:22
Speaker 3: to exit because of these aggressive protesters who are right
45:26
Speaker 3: outside as synagogue. They can be against the war, but
45:31
Speaker 3: you cannot protest outside a synagogue. What are you protesting
45:35
Speaker 3: the Jewish religion? This is antisemitism. The police are on
45:39
Speaker 3: site at the moment. They are trying to make it
45:42
Speaker 3: safe for people to leave the synagogue. They were there
45:45
Speaker 3: for an event. There were Israeli speakers inside. This is
45:49
Speaker 3: unfolding as we speak. The Great Synagogue in lockdown in
45:53
Speaker 3: the heart of Sydney. Terrible state of affairs. I understand
45:57
Speaker 3: that Nova Paris is at the event as well. Now
46:00
Speaker 3: let's bring in now senior research fellow at the Institute
46:03
Speaker 3: of Public Affairs, Saxon Davidson Saxon.
46:06
Speaker 2: Thank you for your time.
46:08
Speaker 3: Now you've done some research, some analysis on the ABC
46:13
Speaker 3: and on their bias.
46:14
Speaker 2: When it comes to ideology and energy reporting.
46:18
Speaker 18: What can you tell us, Well, the ABC simply just
46:24
Speaker 18: do not hide their bias. They have an entire section
46:27
Speaker 18: on IV dedicated to their climate change catastrophism and their
46:31
Speaker 18: Net zero pushing agenda. And no matter what the ABC
46:34
Speaker 18: say about the ABC being all of our ABC, it
46:38
Speaker 18: is as you would know their ABC. They have a
46:41
Speaker 18: very clear set audience and they cater to that audience
46:44
Speaker 18: and that being radical inner city activists, and they push
46:47
Speaker 18: that activism and sometimes participate in that activism and this
46:51
Speaker 18: is reflected in their journalism.
46:53
Speaker 3: So you know there was the protest, of course outside
46:56
Speaker 3: the home of Woodside Energy bus Meg O'Neil last year.
47:00
Speaker 3: Is this a case in point for how activism can
47:04
Speaker 3: just go too far at the ABC?
47:09
Speaker 18: Well, one hundred percent. And that's not an isolated example.
47:12
Speaker 18: You of course know about the example involving Heston Russell
47:16
Speaker 18: as well. And this is what happens when green ideology
47:19
Speaker 18: gets sort of injected into our national broadcaster. We know
47:24
Speaker 18: thanks to some analysis into the biases within the ABC
47:27
Speaker 18: done a few years ago, that ABC staff are up
47:30
Speaker 18: to five times more likely to vote for the Greens
47:33
Speaker 18: than the average Australian. And this is of course reflected
47:35
Speaker 18: in a whole range of topics, not just energy and
47:39
Speaker 18: climate change, but also the Middle East, also the voice
47:42
Speaker 18: to Parliament, the pandemic itself, and just general politics, whether
47:45
Speaker 18: it be here in Australia or abroad.
47:47
Speaker 3: Now, it's interesting that your IPA survey found that only
47:51
Speaker 3: thirty two percent of Australians believe the ABC represent their
47:55
Speaker 3: own views, but yet the ABC always claimed that they're
47:58
Speaker 3: the most trusted organized in thirty seconds, I mean, how
48:02
Speaker 3: do these two things align.
48:06
Speaker 18: Well, it's sort of a self fulfilling prophecy. I suppose
48:09
Speaker 18: the more you tell yourself something, the more you tend
48:11
Speaker 18: to believe it. But everyone can say that this is
48:14
Speaker 18: simply not the case. You only have to look at
48:16
Speaker 18: reporting into things such as renewable projects in the regions
48:19
Speaker 18: where inner city activists never have to foot the bill
48:21
Speaker 18: for it and have total support for it. But these
48:24
Speaker 18: projects are dividing our communities in the regions, and yet
48:27
Speaker 18: these views are simply ignored.
48:29
Speaker 1: By the ABC.
48:30
Speaker 3: Saxon Davidson, thank you so much for your time tonight,
48:34
Speaker 3: and that's it for me.
48:35
Speaker 2: Thank you for watching. I'll see you on Monday.
48:38
Speaker 3: Won't be here tomorrow night, Monday at eight o'clock and
48:40
Speaker 3: right now, Paul Murray