Latest / The Kenny Report / The Kenny Report | 1 July

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The Kenny Report | 1 July · The Kenny Report

• 0:00
  Speaker 1: Line from the Skying New Center. This is the Kenny Report.
• 0:06
  Speaker 1: Thanks Ross.
• 0:07
  Speaker 2: Yes, Indeed, tonight we'll look at Labour's housing intervention House
• 0:10
  Speaker 2: of cards. Is it pushing first home buyers into negative equity?
• 0:15
  Speaker 1: And we will we all end up paying the price?
• 0:18
  Speaker 2: With one nation again out polling both Labor and the Coalition.
• 0:21
  Speaker 2: Pauline Hansen will join me live. Tom Switzer will pinpoint
• 0:25
  Speaker 2: the moment he reckons the Coalition lost its way and
• 0:28
  Speaker 2: the clue.
• 0:30
  Speaker 1: Malcolm Turnbull's involved.
• 0:32
  Speaker 2: Paul Murray's going to drop by to preview his doco
• 0:34
  Speaker 2: it's airing tonight.
• 0:35
  Speaker 1: I can't wait for that.
• 0:37
  Speaker 2: He's having a look at Trump's America, the two hundred
• 0:40
  Speaker 2: and fiftieth birthday of the Great Republic. I'll check you
• 0:42
  Speaker 2: in on the political chaos in the UK with s
• 0:45
  Speaker 2: the Kraku and in the Wednesday wrangle with Denika the
• 0:48
  Speaker 2: Giorgio and James bolt Well says Chris Bowen's efforts.
• 0:52
  Speaker 1: To save the planet. Let's get into it.
• 0:58
  Speaker 2: Look, there's a simplistic way of looking at Australian political
• 1:01
  Speaker 2: and economic life and it goes like this. Labor comes
• 1:05
  Speaker 2: in promising to give people more stuff, They wreck the
• 1:08
  Speaker 2: budget and the economy, and then the Coalition has to
• 1:12
  Speaker 2: come in and clean up the fiscal and economic mess.
• 1:15
  Speaker 2: The reason this simplistic analysis lingers is because in the
• 1:19
  Speaker 2: main it's true. I mean, there's the odd exception that
• 1:23
  Speaker 2: proves the rule, like the Hawke government with Paul Keating
• 1:27
  Speaker 2: as Treasurer. But eventually Keating took over and we got
• 1:30
  Speaker 2: the recession. Recession we had to have, of course, and
• 1:34
  Speaker 2: the coalition's Howard and Costello team had to repair the
• 1:37
  Speaker 2: joint And if you want to understand how Anthony Albanesi
• 1:40
  Speaker 2: and Jim Chalmers, two lifelong ALP operatives without real world experience,
• 1:46
  Speaker 2: well to understand how they have no idea about economic management,
• 1:50
  Speaker 2: you'd look at their interventions in the housing market. They've
• 1:54
  Speaker 2: helped first home buyers get into the market with just
• 1:56
  Speaker 2: a five percent deposit by getting the government to guarantee
• 2:01
  Speaker 2: the loans.
• 2:02
  Speaker 3: In April, at our campaign launch in Perth, we committed
• 2:06
  Speaker 3: to give every first home buy the chance to buy
• 2:09
  Speaker 3: their own home with just a five percent deposit and
• 2:12
  Speaker 3: to cover the cost of lenders mortgage insurance. Together, these
• 2:16
  Speaker 3: changes white years off the time it takes to say
• 2:20
  Speaker 3: for a loan.
• 2:22
  Speaker 1: Sounds great, doesn't it.
• 2:23
  Speaker 2: But there was always an obvious risk which we've long highlighted.
• 2:29
  Speaker 4: And I don't like the idea of getting the government
• 2:31
  Speaker 4: involved in guarantees for basically low down payment loans, right.
• 2:36
  Speaker 4: That's setting people up for financial difficulties later on down
• 2:40
  Speaker 4: the track. So it really is a band aid. Has
• 2:42
  Speaker 4: been done before this kind of thing, and I think
• 2:45
  Speaker 4: longer term it can set people up for financial distress.
• 2:47
  Speaker 2: I've seen that movie before, when that House of Cards
• 2:50
  Speaker 2: falls down, it can be terrible.
• 2:53
  Speaker 1: So that's the concern here.
• 2:56
  Speaker 2: Yeah, that was last year and since then the government
• 2:58
  Speaker 2: has continued with its can promises on negative gearing and
• 3:02
  Speaker 2: capital gains tax and also insisted that none of this
• 3:06
  Speaker 2: will drive house prices down.
• 3:09
  Speaker 5: You're saying that the house prices could come down taxes
• 3:11
  Speaker 5: fitting house prices, and is that a.
• 3:12
  Speaker 1: Good thing for Allustrokes.
• 3:14
  Speaker 3: Well, I'm not saying that. I'm saying what comes out
• 3:17
  Speaker 3: of my mouth is what I'm saying, and I continue
• 3:21
  Speaker 3: to say that Treasury has done modeling which shows that
• 3:25
  Speaker 3: they'll still continue to be an increase, but it will
• 3:29
  Speaker 3: be smaller than it would have been otherwise. But what
• 3:33
  Speaker 3: I'm saying is that we're giving young people a fair
• 3:36
  Speaker 3: crack that they've been excluded from for a long period
• 3:39
  Speaker 3: of time.
• 3:41
  Speaker 2: Fast forward to today, and with the government failing to
• 3:44
  Speaker 2: control its spending, failing to control inflation, and seeing interest
• 3:48
  Speaker 2: rates go up again at the same time that it's
• 3:51
  Speaker 2: increased taxes on housing investment.
• 3:54
  Speaker 1: Well, guess what, well, prices have dropped.
• 3:57
  Speaker 2: Of course, right around the country, in every state, prices
• 4:01
  Speaker 2: have fallen. Your house is now worth less, and real
• 4:07
  Speaker 2: estate experts say this is far from over.
• 4:09
  Speaker 1: Prices will fall further for.
• 4:11
  Speaker 2: Another year, especially especially if we get even more interest
• 4:15
  Speaker 2: rate rises. So already, as of now, Albanesi and his
• 4:19
  Speaker 2: treasure have got it wrong again. They promised prices would
• 4:23
  Speaker 2: not fall, and they have. So how does this relate
• 4:26
  Speaker 2: to the first time buyer scheme, the five percent deposit scheme. Well,
• 4:30
  Speaker 2: with markets falling, people on this scheme might already be
• 4:34
  Speaker 2: in negative equity.
• 4:36
  Speaker 1: Let's take a simple example.
• 4:38
  Speaker 2: If you buy a million dollar house through the government
• 4:40
  Speaker 2: help with five percent deposit scheme of fifty thousand dollars,
• 4:45
  Speaker 2: you'll own nine hundred and fifty thousand dollars and your
• 4:47
  Speaker 2: equity is fifty thousand dollars. But if the market falls
• 4:51
  Speaker 2: by say just ten percent, then the house is only
• 4:54
  Speaker 2: worth nine hundred thousand dollars, but you still owe nine
• 4:58
  Speaker 2: hundred and fifty grand, so you're in negative equity. The
• 5:02
  Speaker 2: house is worth fifty thousand dollars less than you owe
• 5:06
  Speaker 2: on it. Now, that's not a comfortable position to be in,
• 5:10
  Speaker 2: and as we saw in Parliament yesterday, it's not a
• 5:13
  Speaker 2: position the Government wants to contemplate.
• 5:16
  Speaker 6: Does the Minister know how many first home buyers now
• 5:20
  Speaker 6: owe more money than their home is worth?
• 5:24
  Speaker 7: Over time, the house prices in Australia will continue to
• 5:27
  Speaker 7: increase just a little bit more slowly than they otherwise
• 5:30
  Speaker 7: would have. Speak up, how many first home buyers now
• 5:33
  Speaker 7: owe more money than their home.
• 5:35
  Speaker 8: Is actually worth?
• 5:37
  Speaker 1: Speaker?
• 5:37
  Speaker 7: The premise of the question is factually and utterly incorrect.
• 5:41
  Speaker 9: Does the Minister know how many first home buyers now
• 5:45
  Speaker 9: owe more money than their home is worth?
• 5:48
  Speaker 7: This is a variation on a question that I've now
• 5:51
  Speaker 7: been asked multiple times, and I'm not changing my answer.
• 5:56
  Speaker 1: Yeah, labor is running from this problem.
• 5:58
  Speaker 2: Now, let's be clear, if if you face negative equity,
• 6:02
  Speaker 2: it's not necessarily a pressing problem as long as you
• 6:06
  Speaker 2: can keep making your mortgage payments. You just keep going
• 6:09
  Speaker 2: and hope the market recovers over time, as it usually does.
• 6:13
  Speaker 2: But if interest rates go up too far, too quickly,
• 6:16
  Speaker 2: and you can't make your repayments, or you lose your job,
• 6:20
  Speaker 2: or you get divorced, or there's injury or illness, etc.
• 6:24
  Speaker 2: You could be forced to sell at a loss. Then
• 6:28
  Speaker 2: you have a debt that you can't pay. Now, this
• 6:32
  Speaker 2: is bad enough for the individuals, of course, this is
• 6:34
  Speaker 2: what we saw during Keating's recession. I was there myself
• 6:37
  Speaker 2: with my first home paying seventeen percent interest rates.
• 6:41
  Speaker 1: What's different here is the government scheme.
• 6:44
  Speaker 2: They've learned nothing from the global financial crisis, which was
• 6:48
  Speaker 2: triggered by the so called subprime crisis in the US,
• 6:51
  Speaker 2: where government pushed lenders like Fanny May and Freddie Mack
• 6:55
  Speaker 2: to give home loans to people who couldn't really afford them,
• 6:59
  Speaker 2: and it eventually all fell down like a house of cards. Now,
• 7:03
  Speaker 2: Australia's housing market won't change the global economy, of course,
• 7:07
  Speaker 2: but it could create a lot of pain for this
• 7:10
  Speaker 2: country and the government because under Labour's scheme, the government,
• 7:14
  Speaker 2: that is, taxpayers, are on the hook for these loans.
• 7:19
  Speaker 2: So if people are forced to sell at negative equity.
• 7:22
  Speaker 2: Taxpayers will eventually get at least some of the bill,
• 7:26
  Speaker 2: or more likely, government is going to have to bail
• 7:28
  Speaker 2: them out to avoid social and economic disaster. This is
• 7:33
  Speaker 2: bleak and it's worrying, especially when other cost of living
• 7:36
  Speaker 2: pressures play a role. For instance, Labour keeps promising that
• 7:40
  Speaker 2: power prices will go down. They said so again just
• 7:43
  Speaker 2: weeks ago, but today we see again that electricity prices
• 7:47
  Speaker 2: are going up. Still in Parliament Labour seems to be
• 7:51
  Speaker 2: in denial.
• 7:53
  Speaker 1: I'll tell you what's also going up. Pay for readily.
• 7:56
  Speaker 10: I'm way two weeks.
• 7:58
  Speaker 1: I'll tell you what else is going up.
• 7:59
  Speaker 3: The number of cheap be home batteries four one hundred
• 8:03
  Speaker 3: and fifty.
• 8:04
  Speaker 1: Thousand six last July. I tell you what else is
• 8:08
  Speaker 1: going up?
• 8:08
  Speaker 3: Buck Billy rains expanding and growing.
• 8:11
  Speaker 1: What else is going up?
• 8:13
  Speaker 3: The number of people are tending urgent care clinics are
• 8:16
  Speaker 3: going up.
• 8:17
  Speaker 1: I tell you what else is going up?
• 8:19
  Speaker 3: The number of first homeowners.
• 8:23
  Speaker 11: Home Housing is a long term investment, so people shouldn't
• 8:26
  Speaker 11: get too carried away by weekly or monthly movements in
• 8:30
  Speaker 11: house prices. The Treasury assumption in the budget is that
• 8:33
  Speaker 11: house prices will continue to grow a bit more slowly.
• 8:37
  Speaker 2: Yeah, everything's rosy according to Albow and Charmers, except that
• 8:41
  Speaker 2: everything that's going up is what tax payers pay for,
• 8:44
  Speaker 2: which is why debt and deficit are going up. But crucially,
• 8:48
  Speaker 2: while labors guarantees they guarantee people into their first homes,
• 8:53
  Speaker 2: the value of those homes is already in decline. It's
• 8:58
  Speaker 2: a worry for anyone who understands the market and recent history.
• 9:03
  Speaker 12: Housing data released today shows house prices have already fallen
• 9:06
  Speaker 12: further than Treasury predicted, around three percent in Sydney and
• 9:10
  Speaker 12: Melbourne over the last quarter, and HSBC and Morgan Stanley
• 9:15
  Speaker 12: predict further falls of eight to ten percent. Well, the
• 9:19
  Speaker 12: Prime Minister guarantee house prices won't fall any further.
• 9:24
  Speaker 3: And I'm more than happy to announce that our tax
• 9:27
  Speaker 3: policy is indeed about helping first homeowners get into their
• 9:31
  Speaker 3: own home.
• 9:34
  Speaker 1: Yeah, and some of that could be the problem.
• 9:36
  Speaker 2: The government's policies could be sending first homeowners and taxpayers
• 9:40
  Speaker 2: into a bit of a bind. But rather than confront
• 9:44
  Speaker 2: this risk, the Prime Minister was reduced to quoting real
• 9:48
  Speaker 2: estate agents in aubury.
• 9:52
  Speaker 3: Andrea Leva from Ray White Aubrey North managing director said
• 9:57
  Speaker 3: this first home by Confidence was on the I don't
• 10:00
  Speaker 3: feel they're competing with as many investors. Jason Barnett in Geelong,
• 10:06
  Speaker 3: the managing director of Barnett real Estate, first time buyers
• 10:09
  Speaker 3: are the active market.
• 10:12
  Speaker 1: You got to love it.
• 10:12
  Speaker 2: Don't you have the Prime Minister quoting the real estate agents.
• 10:15
  Speaker 2: Have you ever met a real estate agent who isn't
• 10:18
  Speaker 2: talking the market up.
• 10:20
  Speaker 1: I'd rather stick to the facts.
• 10:22
  Speaker 2: And as you saw in the previous half hour, Ross
• 10:23
  Speaker 2: Greenwood has crunched the numbers and they show that the
• 10:27
  Speaker 2: value of medium homes in the key markets already are
• 10:32
  Speaker 2: falling by substantial amounts, over thirty thousand dollars per house
• 10:36
  Speaker 2: in Sydney, more than twenty five grand in Melbourne, and
• 10:39
  Speaker 2: dropping all around the country.
• 10:41
  Speaker 1: That's real money, real values, and.
• 10:44
  Speaker 2: The experts predict the falls will continue for a year.
• 10:49
  Speaker 2: Yet this is a deep worry, especially when the sustainable
• 10:53
  Speaker 2: way to make houses more affordable that is increasing supply.
• 10:57
  Speaker 2: When it comes to that the trend is all wrong too.
• 11:00
  Speaker 2: New building approvals have fallen for the third month in
• 11:04
  Speaker 2: a row.
• 11:05
  Speaker 1: Experts are worried.
• 11:08
  Speaker 13: There's people that have come into the market really since
• 11:11
  Speaker 13: September of last year when the five percent deposit scheme
• 11:13
  Speaker 13: went live, and now they're looking at potentially being in
• 11:17
  Speaker 13: negative equity. Now, negative equity only really matters if you sell.
• 11:21
  Speaker 13: But as you alluded to earlier, you know, if we
• 11:23
  Speaker 13: start to see the unemployment rate lifting, we've seen a
• 11:26
  Speaker 13: bit of a slow down in economic growth, people start
• 11:28
  Speaker 13: losing their jobs and they do have to crystallize those losses,
• 11:32
  Speaker 13: then that's really problematic because these people don't have any
• 11:35
  Speaker 13: equity in the property market. They've probably stretched themselves enter
• 11:39
  Speaker 13: the housing market and now they face really tough conditions
• 11:42
  Speaker 13: if they have to sell.
• 11:44
  Speaker 2: Yeah, but alb and Easy charmers and Labor don't seem
• 11:47
  Speaker 2: to care what market experts think.
• 11:51
  Speaker 1: They prefer their ideological and political campaigns. Be afraid, be
• 11:57
  Speaker 1: very afraid.
• 12:02
  Speaker 2: Let's set down to camera now and catch up with
• 12:03
  Speaker 2: One Nation leader Pauline Hanson.
• 12:05
  Speaker 1: Pauline, thanks for joining us again.
• 12:07
  Speaker 2: I got to go first to the Sky News poll survey,
• 12:10
  Speaker 2: the latest poll. There you are thirty percent ahead of Labor,
• 12:14
  Speaker 2: crushing the coalition, riding this wave. You know, you've always
• 12:20
  Speaker 2: got to keep a lid on it, but this has
• 12:22
  Speaker 2: been sustained, and it's across a wide range of polling.
• 12:27
  Speaker 14: Look, Chris, it is and I'm not going to change
• 12:30
  Speaker 14: my tune on this what I've said constantly as psych
• 12:33
  Speaker 14: stock exchange. Look, I was down what a few days ago?
• 12:35
  Speaker 14: I was down a couple of points. Morgan wrought, Roy
• 12:39
  Speaker 14: Morgan Pole had me down what five percentage points?
• 12:42
  Speaker 1: Stook.
• 12:43
  Speaker 14: The real polling day is on election day. That's it,
• 12:46
  Speaker 14: all right, So but it is a clear indication also
• 12:50
  Speaker 14: that the people have had enough of this government and
• 12:53
  Speaker 14: the opposition. So that's what it's clearly telling us. They
• 12:56
  Speaker 14: don't want what they are offering. And especially now as
• 13:00
  Speaker 14: I just listened to your editorial about the housing prices,
• 13:03
  Speaker 14: that type of thing. People can't get into their own homes.
• 13:05
  Speaker 14: The younger generation have no future whatsoever. They're destroying the economy.
• 13:10
  Speaker 14: We're tanked out, we're basically in a recession that they're
• 13:13
  Speaker 14: only keeping a float by pouring more money into it
• 13:16
  Speaker 14: all the time, buying votes. That's all they're doing. So
• 13:19
  Speaker 14: until we get control of this parliament and throw the
• 13:22
  Speaker 14: Labor Greens out, we're going to be in see worse
• 13:26
  Speaker 14: than what we see now if they get elected again
• 13:29
  Speaker 14: for another term.
• 13:30
  Speaker 2: Look, I think this housing situation is really worrying. You
• 13:33
  Speaker 2: don't want to be scaremongering, but you don't want to
• 13:35
  Speaker 2: be blind to what we've seen in the past. Right now,
• 13:38
  Speaker 2: most of us have been there before. I went through
• 13:40
  Speaker 2: out myself. You know, when you stretch yourself for a
• 13:42
  Speaker 2: mortgage and times are tough, and you know that you
• 13:47
  Speaker 2: owe as much as the house is worth, and you're
• 13:50
  Speaker 2: worried about your employment security, you're worried about your family.
• 13:54
  Speaker 2: It's terrible, right, You've got to be able to hang
• 13:56
  Speaker 2: in there, so people in negative negative equities not to
• 13:59
  Speaker 2: be sneezed that. And this is a worry that the
• 14:02
  Speaker 2: government's actually using taxpayers guarantees to push more people into
• 14:06
  Speaker 2: that situation.
• 14:08
  Speaker 14: Correct, and they did the wrong thing. And I oppose
• 14:11
  Speaker 14: that five percent government helping you to get into your
• 14:14
  Speaker 14: own home. You've set them up for failure. You know,
• 14:16
  Speaker 14: if you're going to get fifty thousand dollars towards your
• 14:18
  Speaker 14: own home and if you've find out saving the money's
• 14:22
  Speaker 14: for it. I know it's hard for the young ones,
• 14:24
  Speaker 14: but I blame labor about it. And when you're going
• 14:26
  Speaker 14: to drop in the equity of your home, and you've
• 14:29
  Speaker 14: got this, You're owing more now than what you know
• 14:34
  Speaker 14: can sell the house for. This is a problem. It's
• 14:36
  Speaker 14: not good economics by this government. They've created the housing
• 14:40
  Speaker 14: shortage by the mass migration they've had coming into the country.
• 14:44
  Speaker 14: They say they're going to build all these houses. It
• 14:46
  Speaker 14: hasn't happened. You've got a shortage of materials. You've got
• 14:49
  Speaker 14: construction industries going under build us walking away. We don't
• 14:52
  Speaker 14: have the trade is to build the houses. That's why
• 14:55
  Speaker 14: the ones we do have, it's escalating prices. We have
• 14:58
  Speaker 14: a real problem out there. It's going to take a
• 15:00
  Speaker 14: lot to turn it around.
• 15:01
  Speaker 1: Chris, Yeah, I think it's a real worry.
• 15:03
  Speaker 2: I think six months a year down the track we
• 15:06
  Speaker 2: could be in dire straits when it comes to the
• 15:08
  Speaker 2: housing situation.
• 15:09
  Speaker 1: As if it's not bad enough at the.
• 15:10
  Speaker 2: Moment, Pauline, I did ask you about the term monoculture
• 15:13
  Speaker 2: last time we spoke, but there's been a bit of
• 15:15
  Speaker 2: a kerfuffle about it ever since.
• 15:18
  Speaker 1: I want to get some more thoughts from you on it.
• 15:20
  Speaker 2: Here's what the Prime Minister had to say about it.
• 15:22
  Speaker 3: Australia is not a monoculture and it never has been.
• 15:28
  Speaker 3: I was an Assyrian function. It was a wonderful function
• 15:32
  Speaker 3: in south western Sydney, you know. Should that be allowed
• 15:36
  Speaker 3: to happen?
• 15:38
  Speaker 1: All right? So that's the Prime Minister's view.
• 15:40
  Speaker 2: Just before I come back to you, Pauline, let's have
• 15:42
  Speaker 2: a look at how Angus Taylor had a bit of
• 15:44
  Speaker 2: a problem with the same term.
• 15:46
  Speaker 8: Mister Taylor, do you believe Australia should be a monoculture?
• 15:51
  Speaker 15: You explained to me what you've been by these See
• 15:53
  Speaker 15: there's always vague words running around. The one thing I
• 15:57
  Speaker 15: want all of us to share is those calls Australian dames.
• 16:02
  Speaker 15: That's what we believe in. And I can't be clearly, Pauline.
• 16:06
  Speaker 2: Can you explain to us then what a monoculture is
• 16:09
  Speaker 2: compared to what we now experience and most people call multiculture, right.
• 16:15
  Speaker 14: Mono meaning one is that that we are one Australian,
• 16:19
  Speaker 14: one nation. We've had people come from all different parts
• 16:22
  Speaker 14: of the world, from all different nationality. It's possibly about
• 16:24
  Speaker 14: one hundred and sixty hundred and seventy crests at that stage.
• 16:27
  Speaker 14: But people come here, they knew they were coming to Australia.
• 16:30
  Speaker 14: They knew that they're not coming to going to China
• 16:34
  Speaker 14: or going to England, or going to France or Germany,
• 16:36
  Speaker 14: they knew that by plying to come here. It was Australia.
• 16:40
  Speaker 14: It's about our culture, our values, who we are. It's
• 16:43
  Speaker 14: like the soccer team, and I'll refer it back to
• 16:45
  Speaker 14: that playing. We can see that from different cultural backgrounds,
• 16:49
  Speaker 14: but they're all playing with the Green and Gold. They're
• 16:51
  Speaker 14: all of the one team. They're all following the same
• 16:53
  Speaker 14: rules and how to play as a team together. And
• 16:56
  Speaker 14: that's what I want for Australia. When you had sixty
• 16:59
  Speaker 14: six percent people out of eleven thousand that were actually
• 17:03
  Speaker 14: questioned over this, sixty six percent said they agree with
• 17:06
  Speaker 14: monoculture and don't tell me we never have been. We
• 17:09
  Speaker 14: are multi racial, but at the end of the day,
• 17:11
  Speaker 14: we must be of the one culture. And I'll put
• 17:14
  Speaker 14: people out there. If you want to multiculturalism, well then
• 17:18
  Speaker 14: prepared to Do you want sharia law, I don't. Do
• 17:21
  Speaker 14: you want multiple marriages, I don't. Do you want the
• 17:23
  Speaker 14: gangs that come here from other countries think it's quite
• 17:26
  Speaker 14: all right to roam the streets with machetes, I don't.
• 17:29
  Speaker 14: So when you talk about you want multiculturalism, be ready
• 17:33
  Speaker 14: to be prepared for all these other cultural traditions that
• 17:36
  Speaker 14: they want to bring to this country. And that's why
• 17:38
  Speaker 14: I'm defending the Australian culture, way of life and respecting
• 17:41
  Speaker 14: the men and women that have fought and died for
• 17:43
  Speaker 14: this country, for our values, our morals, our principles, our culture,
• 17:47
  Speaker 14: our laws. That's what monoculture is. And if you are
• 17:51
  Speaker 14: the twenty one percent that are opposed in it, then
• 17:54
  Speaker 14: that tells me are you really Australian? Do you really
• 17:57
  Speaker 14: want to be here? Or are you just passing through
• 18:00
  Speaker 14: use in this country to your own advantage, to gain
• 18:02
  Speaker 14: from what you want to without wanting to defend it
• 18:04
  Speaker 14: and fight to be Australian.
• 18:06
  Speaker 2: It's a fascinating debate because some people try and make
• 18:10
  Speaker 2: it one that is polarizing. Whether are two extremes arguing
• 18:14
  Speaker 2: against each other, Whereas to me, it seems very much
• 18:17
  Speaker 2: about emphasis. For instance, that analogy that you use and
• 18:20
  Speaker 2: Anthony are been easy used.
• 18:22
  Speaker 1: That is the soccaos.
• 18:23
  Speaker 2: He looks at the soccaroos and says all sees all
• 18:26
  Speaker 2: the different ethnicities involved and says, doesn't that show how
• 18:29
  Speaker 2: we're multicultural? You look at the socceros and say how
• 18:33
  Speaker 2: they're all in Green and Gold playing for Australia. So
• 18:35
  Speaker 2: it's a matter whether do you want to emphasize what
• 18:38
  Speaker 2: brings us together or do you emphasize what our differences are.
• 18:42
  Speaker 14: Well, I'll tell you one thing, Chris. These people that
• 18:44
  Speaker 14: come up to me from all different cultural backgrounds come
• 18:47
  Speaker 14: up to me and say, Pauline, we love Australia, we
• 18:49
  Speaker 14: are Australian. You're actually insulting them if you don't consider
• 18:53
  Speaker 14: them to be Australian and only regard them by the
• 18:55
  Speaker 14: cultural background. So they want to be Australian. They see
• 18:59
  Speaker 14: themselves as Australian. I embrace them as Australians, and that's
• 19:03
  Speaker 14: what we are. We are Australians.
• 19:06
  Speaker 2: Yeah, it's it's a pretty simple test, that isn't it.
• 19:08
  Speaker 2: Are you Australian first or you're something else first? Well,
• 19:13
  Speaker 2: I'm happy to say, you know, talk up my Irish,
• 19:16
  Speaker 2: share my Irish ancestry and connections, and my children have Italian,
• 19:23
  Speaker 2: Croatian Punjabi connections.
• 19:25
  Speaker 1: We'll celebrate that. But it's what you are first and
• 19:28
  Speaker 1: first and foremost.
• 19:29
  Speaker 14: You're Australian, right, And will you actually if war ever
• 19:34
  Speaker 14: touched our shoulders, would you be prepared to go out
• 19:36
  Speaker 14: and fight to defend this nation. That's another question needs
• 19:39
  Speaker 14: to be asked.
• 19:41
  Speaker 1: Yeah, it's a good, good thing.
• 19:42
  Speaker 2: You're not asking me that question right now, Paul and
• 19:45
  Speaker 2: I'm a bit too old for it, probably, but yeah,
• 19:47
  Speaker 2: very very good points. So I think there's a lot
• 19:49
  Speaker 2: to be discussed in this space. A little bit more discussion,
• 19:53
  Speaker 2: a little bit less to yelling across at each other
• 19:55
  Speaker 2: would be pretty useful.
• 19:56
  Speaker 1: I reckon, thanks for joining us.
• 19:58
  Speaker 14: Yeah, thanks, Chris, Pauline.
• 19:59
  Speaker 2: How there live from a camera the Midwinter Balls on
• 20:04
  Speaker 2: in Canberra tonight. That's the epitome of the camera bubble
• 20:08
  Speaker 2: getting together.
• 20:08
  Speaker 1: Paul and Hanson won't be there. I'm not surprised. Let's
• 20:11
  Speaker 1: catch up.
• 20:12
  Speaker 2: With the Shadow Assistant Minister for Finance, Simon Kennedy.
• 20:15
  Speaker 9: He's in camera. You're going to the ball tonight, Simon,
• 20:19
  Speaker 9: I am Chris. Are you be happy to know I'm
• 20:21
  Speaker 9: sitting with news good man.
• 20:23
  Speaker 2: I'm glad they gave you an invite. They didn't invite me,
• 20:26
  Speaker 2: although I did complain about having to go last year,
• 20:30
  Speaker 2: I must admit.
• 20:30
  Speaker 1: But let's hope it's a fun night.
• 20:32
  Speaker 2: It raises a lot of money for charity, and there's
• 20:35
  Speaker 2: a bit of soft fly the.
• 20:36
  Speaker 1: Flag for I'll fly the flag for ball guys.
• 20:40
  Speaker 9: With birds, mate, I't worry I'll get mistaken for you.
• 20:42
  Speaker 1: Mate, exactly. You go with my look. You just need
• 20:44
  Speaker 1: a bit more gray now.
• 20:46
  Speaker 2: I want to get your serious thoughts then, on this
• 20:49
  Speaker 2: issue of negative equity and the government guarantees on people.
• 20:53
  Speaker 1: With negative equity.
• 20:55
  Speaker 2: Now, this will lead to no problems at all if
• 20:58
  Speaker 2: the housing market stabilizers and the unemployment remains low and whatever.
• 21:03
  Speaker 2: But we have seen this movie before and there's a
• 21:06
  Speaker 2: huge risk here, not just for those home rwners, but
• 21:08
  Speaker 2: also for taxpayers.
• 21:09
  Speaker 1: Now that's correct.
• 21:12
  Speaker 9: So what we're in the situation is a lot of
• 21:15
  Speaker 9: people have put a five percent deposit down. We've seen
• 21:19
  Speaker 9: corrections overseas in Canada and New Zealand of over fifteen percent.
• 21:24
  Speaker 9: If that happens in Australia, which we're on track for.
• 21:26
  Speaker 9: We're already down three percent in the last few weeks
• 21:28
  Speaker 9: since the budget in Sydney. We will have people in
• 21:32
  Speaker 9: negative equity and if they can't make repayments and the
• 21:37
  Speaker 9: house is then sold at a loss, the government is
• 21:40
  Speaker 9: responsible for up to fifteen percent of that negative equity.
• 21:44
  Speaker 1: Yeah, it's a worry we're all paying.
• 21:47
  Speaker 10: Now.
• 21:47
  Speaker 2: That means if we get to that situation, I imagine
• 21:49
  Speaker 2: the government's going to be pressured to try and help
• 21:51
  Speaker 2: those people stay in those homes or pick up the
• 21:55
  Speaker 2: bill one or the other, because there are so many
• 21:58
  Speaker 2: problems associated with it. I mean, the point is, we
• 22:01
  Speaker 2: all want banks to be reasonable, we all want them
• 22:05
  Speaker 2: to be prudent. This is the lesson of previous financial disasters.
• 22:11
  Speaker 2: Yet here they are encouraging banks to offer these low
• 22:15
  Speaker 2: deposit loans. The reason that banks demand loans or deposits
• 22:20
  Speaker 2: on loans is because they want to protect the asset
• 22:23
  Speaker 2: and they want to help the customer, of course, protect
• 22:25
  Speaker 2: their own interests, make sure they've got enough equity. So
• 22:28
  Speaker 2: these sort of government interventions almost invariably create market distortions
• 22:33
  Speaker 2: and not for the good.
• 22:36
  Speaker 9: And let's look what this government's done. They've primed this
• 22:40
  Speaker 9: five percent deposit scheme. They've taken off any income cap,
• 22:44
  Speaker 9: they've uncapped it, they've increased the price for the houses
• 22:48
  Speaker 9: you could do it. So they've lured tens of thousands
• 22:52
  Speaker 9: of Australians into this scheme. Fifty thousand foreigners too, by
• 22:55
  Speaker 9: the way. And then after luring that and stoking demand.
• 22:59
  Speaker 9: They've then rush the housing market with these huge new
• 23:02
  Speaker 9: taxes that they've actually created the situation to lure these
• 23:06
  Speaker 9: people in and now have smashed them with negative equity.
• 23:09
  Speaker 1: And we know they were planning.
• 23:10
  Speaker 9: We know they were briefing Treasury over six months about
• 23:13
  Speaker 9: these tax changes, so this isn't something they thought of
• 23:16
  Speaker 9: on a whim. They tried to run it in twenty
• 23:18
  Speaker 9: nineteen and they've deliberately left bringing this in late to trick.
• 23:23
  Speaker 9: The Australian public and people in negative equity deserve to
• 23:26
  Speaker 9: be very angry. I almost wonder could they sue the
• 23:30
  Speaker 9: government if they knew these guys did this negligently.
• 23:32
  Speaker 2: Look, there are a couple of critical points there worth
• 23:35
  Speaker 2: re emphasizing. One is that key one you were making
• 23:38
  Speaker 2: that the government has led people into this situation of
• 23:40
  Speaker 2: exposing themselves in the market, and then they've crushed the
• 23:43
  Speaker 2: market with their taxation changes or broken promises into the mix.
• 23:48
  Speaker 2: So they've created this situation which is such a worry,
• 23:54
  Speaker 2: such a worry.
• 23:56
  Speaker 1: And the other aspect.
• 23:57
  Speaker 2: There that you mentioned was that fifty house and non citizens,
• 24:01
  Speaker 2: fifty thousand foreigners are in this scheme, So we have
• 24:04
  Speaker 2: this situation where a government's running deficits and debt and
• 24:08
  Speaker 2: we've got a housing crisis, yet taxpayers are subsidizing non
• 24:13
  Speaker 2: citizens into housing in Australia and guaranteeing it.
• 24:18
  Speaker 1: Absolute madness.
• 24:19
  Speaker 9: What other country would be subsidizing foreigners to buy homes
• 24:23
  Speaker 9: in their country in the middle of a housing crisis.
• 24:26
  Speaker 9: We know Australians are struggling to get into the home
• 24:28
  Speaker 9: market and I actually called out this the Prime Minister
• 24:32
  Speaker 9: across the floor this week and he said, oh, you're mean,
• 24:35
  Speaker 9: you have no heart. Well, actually, not wanting foreigners to
• 24:39
  Speaker 9: be subsidized and get taxpayer subsidies to buy Australian homes
• 24:42
  Speaker 9: isn't about being mean. This is about putting the millions
• 24:45
  Speaker 9: of Australians who are struggling to buy homes first. And
• 24:48
  Speaker 9: that's what the Liberal Party stands for. To shame, the
• 24:51
  Speaker 9: Labour Party doesn't.
• 24:52
  Speaker 2: Extraordinary stuff. Thanks for joining us, Simon, I appreciate it.
• 24:55
  Speaker 2: Simon Kennedy there, who's the Shadow Assistant Minister for Finance.
• 24:59
  Speaker 2: I think about often, Marvelo, as you know on this program.
• 25:02
  Speaker 2: I'm astounded at the national energy self harm that we've
• 25:06
  Speaker 2: seen introduced over many, many years we've turned an energy
• 25:09
  Speaker 2: rich country into an energy poor one. We seem to
• 25:12
  Speaker 2: be doing the same thing here. Labour seems to be
• 25:14
  Speaker 2: doing the same thing here. They are giving us self.
• 25:17
  Speaker 1: Harm when it comes to the housing market.
• 25:20
  Speaker 2: We've got a housing crisis, but tax players are subsidizing
• 25:24
  Speaker 2: and guaranteeing non citizens to get into that market, the
• 25:28
  Speaker 2: same market they're crushing with new taxes.
• 25:31
  Speaker 1: Bizarre times.
• 25:32
  Speaker 2: I fear a reckoning is going to hurt us all
• 25:35
  Speaker 2: sometime down the track.
• 25:36
  Speaker 1: We've got to take a break.
• 25:37
  Speaker 2: On the other side, I'm going to talk to Tom Switzer.
• 25:39
  Speaker 2: He's going to pinpoint the moment he reckons the.
• 25:41
  Speaker 1: Coalition lost its way.
• 25:43
  Speaker 2: Okay, let's catch up as we do with columnists at
• 25:50
  Speaker 2: The Australian. Tom Switzer joining me on the desk. Good
• 25:52
  Speaker 2: to see you, Tom.
• 25:53
  Speaker 1: I know you've written for the Olds Tomorrow.
• 25:55
  Speaker 2: There's an auspicious anniversary tomorrow.
• 25:58
  Speaker 1: Tell us about it.
• 25:59
  Speaker 5: Well, it's ten years since Tony abbott electoral majority, if
• 26:04
  Speaker 5: you like, was squandered by one Malcolm Turnbull. You may
• 26:06
  Speaker 5: recall Tony Abbott was Prime Minister from twenty thirteen to
• 26:10
  Speaker 5: twenty fifteen.
• 26:10
  Speaker 1: You want a.
• 26:11
  Speaker 5: Massive landslide, well, at that election in July two, twenty sixteen,
• 26:16
  Speaker 5: Malcolm Turnble squandered that electoral majority.
• 26:18
  Speaker 1: He lost what fourteen or fifteen one.
• 26:21
  Speaker 5: And he won by the narrowest of margins one seat.
• 26:23
  Speaker 1: I'll never forget the election nights speech. It was late.
• 26:27
  Speaker 2: Turbule didn't want to turn up, He couldn't claim victory,
• 26:30
  Speaker 2: couldn't concede defeat. He lashed out, he called in the police.
• 26:34
  Speaker 2: It is also controversy. But why is it? Why do
• 26:37
  Speaker 2: you say this is the most significant turning point for
• 26:41
  Speaker 2: the Liberal Party? Why did this start the demise that
• 26:44
  Speaker 2: they're still working through now.
• 26:45
  Speaker 5: I think the reason why is because the Liberal Party
• 26:47
  Speaker 5: of that election led a lot more votes to its
• 26:50
  Speaker 5: right than.
• 26:51
  Speaker 1: It did to the left. And this is very significant.
• 26:53
  Speaker 5: What happened was the fragmentation of the vote that has
• 26:58
  Speaker 5: since transformed ostrich Stralian politics. That was evident in that
• 27:02
  Speaker 5: July to election. About thirty percent, maybe thirty three percent
• 27:07
  Speaker 5: of Australians voted for minor parties or independence. And in
• 27:12
  Speaker 5: that election, Pauline Hansen returned to the political theater and
• 27:17
  Speaker 5: her One Nation Party. I know you just interviewed Pauline
• 27:20
  Speaker 5: her One Nation Party Wiley, seen as dead and buried,
• 27:24
  Speaker 5: won four Senate seats.
• 27:25
  Speaker 1: This was on Turnbull's watch. Yeah, it's a very very
• 27:29
  Speaker 1: important point.
• 27:29
  Speaker 2: We'll talk about it a bit more because I've always
• 27:31
  Speaker 2: seen the Turnbull taking down Tony Abbotts as the time
• 27:35
  Speaker 2: when the Coalition lost their way. As you say, a
• 27:38
  Speaker 2: prime minister who was elected in the landslide surely made
• 27:40
  Speaker 2: plenty of mistakes and was the master of his own
• 27:43
  Speaker 2: internal problems in many ways, but you shouldn't have been
• 27:45
  Speaker 2: taken down that way. And Turnbull took the party lurching
• 27:49
  Speaker 2: to the left, of course. But as you say, the
• 27:51
  Speaker 2: election results, yes, the major party vote went down to
• 27:55
  Speaker 2: historical low and that has continued. The major parties can't
• 27:58
  Speaker 2: get fifty percent of the vote between them now but
• 28:01
  Speaker 2: one nation. That was their comeback election. Four senators and
• 28:05
  Speaker 2: now look at them.
• 28:06
  Speaker 5: And Bill Shorten, who was the opposition leader, did very
• 28:08
  Speaker 5: well for a first term opposition leader. It came very
• 28:11
  Speaker 5: close to whin you had election, but it was in
• 28:13
  Speaker 5: many respects of pocks on both your houses for the
• 28:16
  Speaker 5: reasons you just mentioned. But this was a week after
• 28:18
  Speaker 5: the Brexit vote. A few months later, Donald Trump would
• 28:22
  Speaker 5: win the unthinkable the twenty sixteen presidential election, and I
• 28:27
  Speaker 5: think a lot of Australians believed in the old Henry
• 28:29
  Speaker 5: Kissinger line during the Iraq Iran War, it's too bad
• 28:33
  Speaker 5: both sides can't lose exactly.
• 28:36
  Speaker 1: Well, that's essentially what one Nation voters are saying. Now.
• 28:39
  Speaker 2: I've been out there talking to them around the country.
• 28:41
  Speaker 2: They're saying they talk about the UNI Party, they don't
• 28:44
  Speaker 2: like the Coalition, they don't like Labor, so they think
• 28:47
  Speaker 2: one nation is the solution. Now, this is all very
• 28:50
  Speaker 2: historically significant, and I think you're right in picking that
• 28:53
  Speaker 2: election as a turning point because I've been looking back
• 28:56
  Speaker 2: at the major party vote in previous eras. Back in
• 28:59
  Speaker 2: the Hawk years, about ninety three percent of first preference
• 29:04
  Speaker 2: votes went to either the Coalition or Labor. Even at
• 29:07
  Speaker 2: the end of the Howard Area era, it was still
• 29:10
  Speaker 2: over eighty five percent of first preference votes going to
• 29:13
  Speaker 2: Labor or the Coalition. At the moment, according to the polls,
• 29:18
  Speaker 2: less than half of all.
• 29:19
  Speaker 1: Votes go to the major parties.
• 29:21
  Speaker 2: Is this just a temporary aberration or are we going
• 29:25
  Speaker 2: the way of Europe where it's a fractured vote and
• 29:27
  Speaker 2: fractured parties Forevermore well.
• 29:29
  Speaker 5: The short answer is it's too early to tell. But
• 29:32
  Speaker 5: if these trends continue, then certainly I think that the
• 29:35
  Speaker 5: fragmentation of the electorate that we're witnessing in Australian politics
• 29:39
  Speaker 5: does reflect those broader trends. I mean, if you look
• 29:42
  Speaker 5: at Britain, the Tory Party, in the Labor Party, these
• 29:44
  Speaker 5: are the two leading center right and center left parties.
• 29:47
  Speaker 5: They're in dire straits reform parties doing well. And then
• 29:51
  Speaker 5: of course you've got the Greens. And then of course
• 29:53
  Speaker 5: in France the two mainstream center left Socialists and the
• 29:57
  Speaker 5: center right Gauless parties. I think betw win them. They've
• 30:00
  Speaker 5: only got ten percent of the vote they used to
• 30:02
  Speaker 5: dominate French politics. Next year's presidential election in France will
• 30:06
  Speaker 5: be between the so called far right National Rally Party
• 30:10
  Speaker 5: led by Marine Le penn who's the Pauline Hands into France,
• 30:13
  Speaker 5: and a communist on the far left.
• 30:16
  Speaker 2: That so, these are trends that are global, but you're, yeah,
• 30:18
  Speaker 2: fascinating because they're really hitting us here hard right at
• 30:22
  Speaker 2: the moment. Thanks for joining us times a pleasure, christ
• 30:24
  Speaker 2: Tom Switzer there you can read his article about all
• 30:26
  Speaker 2: this is column in the Australian tomorrow, but as he mentions,
• 30:29
  Speaker 2: look at the UK. Well, after the break we'll across
• 30:31
  Speaker 2: to London. We'll catch up with us the Krakhu and
• 30:33
  Speaker 2: find out the latest about politics there.
• 30:40
  Speaker 1: Now Tonight here on.
• 30:41
  Speaker 2: Sky News soon to be in News twenty four, we
• 30:44
  Speaker 2: are in for a treat at eight o'clock with Paul
• 30:46
  Speaker 2: Murray's special doco on the two hundred and fiftieth birthday
• 30:49
  Speaker 2: celebrations for the Great Republic the USA.
• 30:52
  Speaker 1: Paul travels all.
• 30:53
  Speaker 2: Over the country and he looks at how it's changed
• 30:56
  Speaker 2: under President Donald Trump. And one place where that change
• 30:59
  Speaker 2: is under liable is at the southern border.
• 31:03
  Speaker 10: The message was, come, do you see that train just
• 31:09
  Speaker 10: full of illegal immerinus? One after another, these caravans, tens
• 31:14
  Speaker 10: of thousands of people, and just with one simple policy change,
• 31:18
  Speaker 10: it shuts it off.
• 31:20
  Speaker 1: The Great Paul Murray joins me on the desk. Good
• 31:22
  Speaker 1: of you to drop by, mate, Happy to be here, mate.
• 31:25
  Speaker 1: You know I've done a few docos for Sky News.
• 31:27
  Speaker 1: This is the one I wanted to do. How good
• 31:29
  Speaker 1: was this.
• 31:30
  Speaker 2: Charlie around the US and looking at the strength as
• 31:32
  Speaker 2: weaknesses out it's changing.
• 31:33
  Speaker 6: It's pretty amazing. I mean I love the joint you do. Obviously,
• 31:37
  Speaker 6: let me make it very clear. Best country in the world,
• 31:39
  Speaker 6: this one, right. But you know, as gen x is,
• 31:43
  Speaker 6: so much of our culture comes from the United States,
• 31:45
  Speaker 6: everything from you know, the cartoons we grew up to
• 31:48
  Speaker 6: the music that we like, the movies we watch, the
• 31:50
  Speaker 6: TV shows we've been enjoy the rest of it, right,
• 31:52
  Speaker 6: And obviously it's politics, and the more you learn about
• 31:54
  Speaker 6: the way the world works, it's how it matters. But
• 31:57
  Speaker 6: one of the key things about trying to do this
• 31:58
  Speaker 6: was to try to talk to as many normal people
• 32:00
  Speaker 6: as possible. It wasn't about politicians. It was about people
• 32:03
  Speaker 6: like these guys with the practical experience on the border.
• 32:07
  Speaker 6: And you know, Americans, they're all built for TV. It
• 32:09
  Speaker 6: doesn't matter when hard to get a grab out of
• 32:11
  Speaker 6: the Homborne bar. It's not like you know, when you
• 32:13
  Speaker 6: try and sort of coke somebody sometimes here in Australia.
• 32:16
  Speaker 6: But you know, it is such an inspiring place. And
• 32:19
  Speaker 6: the message I always like to say is that everyone
• 32:21
  Speaker 6: talks about America through the lens of conflict. I think
• 32:24
  Speaker 6: of it more as contrast, in that they're a super
• 32:27
  Speaker 6: rich super poor. If you've got money it's Disneyland. If
• 32:30
  Speaker 6: it's no money, it's pretty cold. But it's just the
• 32:34
  Speaker 6: best of everything. And yeah, sometimes for some people the worst.
• 32:38
  Speaker 2: It's still the most can do culture on the planet
• 32:41
  Speaker 2: and economy. We mentioned your doco with Kristen Tate last
• 32:46
  Speaker 2: night and she said that the greatest country in the
• 32:49
  Speaker 2: history of the world. Now, I like you prefer Australia
• 32:52
  Speaker 2: as our culture, although we're borrowed a lot from America.
• 32:55
  Speaker 2: But when you come to the simple fact of the matter,
• 32:58
  Speaker 2: in terms of economic might, global influence, military might, it
• 33:03
  Speaker 2: is the greatest nation that this planet has ever seen.
• 33:07
  Speaker 1: So it is endlessly fascinating.
• 33:09
  Speaker 6: And the tectonic plates of the future. Right, we know
• 33:12
  Speaker 6: that the post World War two environment is breaking down,
• 33:16
  Speaker 6: we know that the rise of China. I'll take America
• 33:18
  Speaker 6: all day, every day, twice on Sundays, right. But also
• 33:21
  Speaker 6: what I love about America is it's a place where
• 33:24
  Speaker 6: you can stand out and people like that, ye stand out.
• 33:28
  Speaker 6: In Australia, sometimes there's oh, he's leading with his gin,
• 33:32
  Speaker 6: she's too full of herself, what do well?
• 33:34
  Speaker 2: They don't have a tall poppy syndrome. Hence you get
• 33:37
  Speaker 2: someone like Donald Trump. You're a big Trump fan. You've
• 33:40
  Speaker 2: been going to America pre Trump post Trump? How much
• 33:43
  Speaker 2: has it changed under the Donald.
• 33:45
  Speaker 6: I think that people who felt that they were being
• 33:49
  Speaker 6: pushed to one side certainly pre Trump in the Obama years,
• 33:54
  Speaker 6: during those Biden years, they absolutely feel back at the
• 33:57
  Speaker 6: center of things. The hardcore Trump is They've all got
• 34:01
  Speaker 6: a different reason why it's not working out for them,
• 34:04
  Speaker 6: but they always say, look, I'll take it over the
• 34:05
  Speaker 6: alternative that was there.
• 34:07
  Speaker 1: But one thing that I've got to say kind of
• 34:09
  Speaker 1: frightened me.
• 34:09
  Speaker 6: And it didn't matter where we went, whether I was
• 34:11
  Speaker 6: talking to you know, young blokes at a NASCAR event
• 34:14
  Speaker 6: or a couple of UNI students or college students as
• 34:16
  Speaker 6: they call them. Of course in DC, they're all really
• 34:19
  Speaker 6: reticent about having kids. And that frightens me because we
• 34:22
  Speaker 6: all know that, you know, if the birth rate continues
• 34:24
  Speaker 6: to fall in any country in the world, the only
• 34:27
  Speaker 6: way the financial Ponzi scheme works is bring him in,
• 34:29
  Speaker 6: Bring him in, bring him in. But more importantly, it
• 34:32
  Speaker 6: speaks to I mean, and all of us go through
• 34:34
  Speaker 6: this moment in our lives, right in our twenties.
• 34:36
  Speaker 1: Oh oh, might put it off, might put it off.
• 34:38
  Speaker 6: There's never a right time to have kids, and I
• 34:40
  Speaker 6: would talk to them about that, but it would be
• 34:41
  Speaker 6: everything from climate change for the left, through the war
• 34:45
  Speaker 6: for the writings, and worry.
• 34:47
  Speaker 1: In this country too.
• 34:49
  Speaker 2: To me, I want to show a little bit from
• 34:50
  Speaker 2: the dock at and I've got to show this bit that.
• 34:52
  Speaker 1: There's two reasons I really love it.
• 34:54
  Speaker 2: Is because because you talk about some of the great
• 34:56
  Speaker 2: qualities that make Australia and America good mates. And also
• 35:00
  Speaker 2: because it's the road trip. I'm loving the Poor Murray
• 35:03
  Speaker 2: road trip.
• 35:04
  Speaker 6: You have a look, this place is clearly resilient, proud,
• 35:09
  Speaker 6: and fiercely loyal to those words written two hundred and
• 35:11
  Speaker 6: fifty years ago. Life, liberty, the pursuit of happiness. They're
• 35:17
  Speaker 6: not empty slogans. They're the unbreakable foundation that these people
• 35:22
  Speaker 6: still live by.
• 35:23
  Speaker 1: Every single day.
• 35:25
  Speaker 6: And right now, millions of ordinary Americans are still standing
• 35:30
  Speaker 6: firm by that original, defiant spirit. They haven't surrendered it,
• 35:34
  Speaker 6: they haven't watered it down. They're carrying it forward. Happy
• 35:39
  Speaker 6: Birthday America, from one free country to another. Let's keep
• 35:44
  Speaker 6: that flame burning bright.
• 35:47
  Speaker 2: Terrific stuff, labor, fantastic words, fantastic pictures.
• 35:52
  Speaker 1: Can't wait to see.
• 35:53
  Speaker 2: It all at eight o'clock tonight, and then you're in
• 35:55
  Speaker 2: the man cave over here from nine to review your
• 35:57
  Speaker 2: own work.
• 35:58
  Speaker 1: Double duty there.
• 35:58
  Speaker 6: Well, so you know what it's like when you put
• 36:00
  Speaker 6: these things together right near those little piece to cameras.
• 36:02
  Speaker 6: All the rest of it, I won't lie. Maybe a
• 36:04
  Speaker 6: couple of the mistakes that I had while I was
• 36:05
  Speaker 6: driving up and to the Pacific Coast Highway, I did
• 36:08
  Speaker 6: on purpose stretching.
• 36:09
  Speaker 1: Out great stuff. Mate, wait to see it tonight at
• 36:14
  Speaker 1: eight o'clock tonight.
• 36:15
  Speaker 2: You can watch that two hundred and fifty years the
• 36:17
  Speaker 2: American celebration. Trump's America, brought to us by the great
• 36:22
  Speaker 2: Paul Murray.
• 36:23
  Speaker 1: Now let's go to the UK.
• 36:24
  Speaker 2: As we were discussing, politics in London is a pretty
• 36:28
  Speaker 2: spectacular at the moment and the newly elected now British
• 36:31
  Speaker 2: MP returning to Whitehall is the front runner of course,
• 36:35
  Speaker 2: to take up residents at number ten.
• 36:37
  Speaker 1: Now.
• 36:37
  Speaker 2: Andy Burnham has spoken in Manchester and he's promised big
• 36:40
  Speaker 2: changes to the country.
• 36:42
  Speaker 16: We will bring about the biggest rebalancing of power our
• 36:46
  Speaker 16: country has seen.
• 36:49
  Speaker 1: It is time for.
• 36:50
  Speaker 16: Waite All to accept that growth cannot be ordered from
• 36:54
  Speaker 16: the top down. This is Manchesterism. It is a vision
• 36:59
  Speaker 16: for good growth and a rejection of the old trickle
• 37:04
  Speaker 16: down model.
• 37:06
  Speaker 2: Yeah, Paul Marriage just told me that he sees Burns
• 37:09
  Speaker 2: the skinny Dan Andrews might he might be just about right.
• 37:13
  Speaker 2: Let's cross to London down catch up with writer and broadcaster?
• 37:17
  Speaker 2: Is the cracker you might know who might not know
• 37:19
  Speaker 2: who Daniel Andrews is? Is there, but the point being
• 37:22
  Speaker 2: that he is another bland and hard left labor apparatic.
• 37:27
  Speaker 17: Yes, a platitudinous halfway, I should say, But I'm going
• 37:31
  Speaker 17: to be like today because I've had a wonderful weekend.
• 37:35
  Speaker 17: Burnham is going to be experiencing.
• 37:37
  Speaker 18: The worst of both worlds.
• 37:39
  Speaker 17: Because this is a man who has not been elected
• 37:42
  Speaker 17: and so it doesn't have a mandate from the British people.
• 37:44
  Speaker 18: So he's extremely limited in what he can do, and
• 37:47
  Speaker 18: unfortunately Kirs Starmer has left him.
• 37:49
  Speaker 17: With the dumpsterfire of a government that he's going to
• 37:52
  Speaker 17: have to trudg through while also uttering platitudes like Manchesterism,
• 37:56
  Speaker 17: which is absolutely incredible to me, because he has left
• 37:58
  Speaker 17: Manchester billions of pounds in debt. I don't understand this
• 38:01
  Speaker 17: reputation that he has as King of the North because
• 38:04
  Speaker 17: there's no one.
• 38:04
  Speaker 18: Trying to immolate the city of Manchester because it's a
• 38:07
  Speaker 18: dumb and this idea that this is.
• 38:09
  Speaker 17: The man that's going to save the Labor Party I
• 38:11
  Speaker 17: think is indicative of how bereft the party is of
• 38:14
  Speaker 17: actual talent.
• 38:15
  Speaker 18: They have to parachute in a man who hasn't been in.
• 38:17
  Speaker 17: Westminster for eleven years, who doesn't have a team to
• 38:20
  Speaker 17: speak of, who Kirsta are basically left to run the
• 38:23
  Speaker 17: show and said, listen, you want me out so badly,
• 38:25
  Speaker 17: cobble together a team of recent graduates and special advisors
• 38:29
  Speaker 17: who don't know anything and see if you can do
• 38:31
  Speaker 17: a better job.
• 38:32
  Speaker 18: This is a man it pains me to say who
• 38:34
  Speaker 18: lost in leadership election.
• 38:36
  Speaker 17: Not once but twice, one of them being to Ed Miliband,
• 38:38
  Speaker 17: which is their feet so embarrassing, I personally would leave.
• 38:41
  Speaker 18: Politics and hang my head in shame.
• 38:43
  Speaker 17: But this is supposed to be the hoop of the
• 38:44
  Speaker 17: country and you can see from the mood in the
• 38:48
  Speaker 17: city in particular that people are not feeling very hopeful.
• 38:50
  Speaker 18: I mean, the country is not in a state where
• 38:52
  Speaker 18: you should really be talking.
• 38:52
  Speaker 17: About higher spending when we can't even cut our welfare budget,
• 38:56
  Speaker 17: when one in six people claiming universal credits on a
• 38:58
  Speaker 17: credit I've not even British citizens when asylum hotels and
• 39:03
  Speaker 17: housing assylum seecause many of whom have no business in
• 39:05
  Speaker 17: the UK, just keeps going up and up.
• 39:07
  Speaker 18: It's embarrassing to speak of.
• 39:09
  Speaker 2: Yeah, it's extraordinary to see because you know the labor
• 39:12
  Speaker 2: and place. It's like they're parting the sea to welcome
• 39:14
  Speaker 2: this guy that annoint him as the next prime minister.
• 39:17
  Speaker 2: Yet there doesn't seem to be any nunciation of anything
• 39:19
  Speaker 2: it's going to change. What about the key issues like immigration,
• 39:23
  Speaker 2: like NED zero, like the budget, like the cost of living?
• 39:26
  Speaker 2: Is he promising any substantial policy changes?
• 39:30
  Speaker 18: Well, he can't one because he doesn't know what they are.
• 39:33
  Speaker 17: I'm not even exaggerated when I say his team has
• 39:35
  Speaker 17: literally been cobbled together with DUC tape and chewing gum
• 39:38
  Speaker 17: in the last six weeks.
• 39:40
  Speaker 18: And secondly, if he does say anything and.
• 39:42
  Speaker 17: Spooks to markets, well, our borrowing costs are going to
• 39:44
  Speaker 17: go up, which is really going to you know, throw
• 39:47
  Speaker 17: the cat among the pigeons because there's nothing he can do.
• 39:49
  Speaker 18: Then if our borrowing costs keep going up and up
• 39:51
  Speaker 18: and we literally can't do.
• 39:52
  Speaker 17: Anything, increasing taxation is not an option because unemployment is
• 39:56
  Speaker 17: at a record high, particularly youth unemployment. Our youth unemployment
• 39:59
  Speaker 17: is higher than the average in Europe for the first
• 40:01
  Speaker 17: time since records began.
• 40:03
  Speaker 18: So he really is in a sorry state.
• 40:04
  Speaker 17: I'm not I'm not really understanding what he's trying to
• 40:07
  Speaker 17: achieve with these platitude and his speeches that are empty
• 40:09
  Speaker 17: and fluffy. His references to Manchester actually kind of filled
• 40:12
  Speaker 17: me with horror because the last time I went to
• 40:13
  Speaker 17: Manchester I couldn't wait to leave.
• 40:15
  Speaker 18: So it's really a quite.
• 40:18
  Speaker 17: Tragic state of affairs because we have three more years
• 40:20
  Speaker 17: of this nonsense. And when the Tories were going through
• 40:23
  Speaker 17: their infamous leadership changes, the Labor Party were crying from
• 40:27
  Speaker 17: the rooftops and there needs to be a general election.
• 40:28
  Speaker 18: It's exactly that they're not having the same attitude for themselves.
• 40:31
  Speaker 2: Exactly. That is a double standard that is very obvious.
• 40:35
  Speaker 2: Thanks for joining us Air, Sir. I appreciate the circus
• 40:37
  Speaker 2: continues in the UK, and of course Burnham will be
• 40:41
  Speaker 2: Prime Minister most likely within a couple of weeks. We've
• 40:43
  Speaker 2: got to take a break. On the other side of
• 40:45
  Speaker 2: the Wednesday wrangle with Denika to Georgio and James Bold.
• 40:47
  Speaker 2: We're gonna talk about Chris Bown. He's pushing our our
• 40:49
  Speaker 2: prices up. How's he going saving the planet. Let's get
• 40:57
  Speaker 2: into the Wednesday wrangle with de Georgia, I Sky News
• 41:00
  Speaker 2: host of course, and a new sparring partner, Justin's.
• 41:03
  Speaker 1: Run for the hills. I don't know what Justice said,
• 41:05
  Speaker 1: he could.
• 41:05
  Speaker 2: Make it Bold in the chair, Skuy used digital Gura.
• 41:09
  Speaker 1: Good to have it on board, mate, what I hack
• 41:10
  Speaker 1: that with you?
• 41:11
  Speaker 2: I want to bring up Chris Bowen because he's escaped
• 41:15
  Speaker 2: the attention the last couple of days. He said a
• 41:18
  Speaker 2: few weeks ago, our power prices were going to go down.
• 41:21
  Speaker 2: They're going up again as of today July one for
• 41:24
  Speaker 2: most people. Yet he's out there running around as the
• 41:26
  Speaker 2: cop president, saying that he's going to save the planet.
• 41:29
  Speaker 19: I also, like I was saying that don't expect anything
• 41:32
  Speaker 19: big from this cop like it's all just you know,
• 41:34
  Speaker 19: all these discussions, is that the first recorded case of
• 41:37
  Speaker 19: Chris Bowen showing any humility whatsoever?
• 41:40
  Speaker 1: Quite?
• 41:41
  Speaker 19: I mean, if they're supposed to be fail like, then
• 41:42
  Speaker 19: why did we spend nearly spend so much money trying
• 41:45
  Speaker 19: to get this thing over here and then Chris Bowen
• 41:47
  Speaker 19: the second is going to start up again. He goes, actually,
• 41:49
  Speaker 19: you know what, it's not going to be a big success.
• 41:51
  Speaker 2: That's the biggest success that Bowen has has been failing
• 41:54
  Speaker 2: to get the COP for Australia. We dodged a bullet there,
• 41:57
  Speaker 2: although our great mate Tim Blair says it would have
• 41:59
  Speaker 2: been good to have here.
• 42:00
  Speaker 1: Would everyone be seeing what a face it was?
• 42:02
  Speaker 2: Well, I reckon the last night, I was saying, I
• 42:04
  Speaker 2: think they call it COP because we all cop it
• 42:06
  Speaker 2: in the neck with everything they.
• 42:08
  Speaker 1: Do we do.
• 42:09
  Speaker 2: How is it that they keep getting away with saying
• 42:11
  Speaker 2: that this the green revolution, it's reliable, it's cheap, and
• 42:15
  Speaker 2: all we see is our reliability go down and our
• 42:18
  Speaker 2: prices go up.
• 42:19
  Speaker 20: Exactly. It's the biggest con job, isn't it.
• 42:21
  Speaker 21: And you're right, you know Chris Bowen saying, don't expect
• 42:23
  Speaker 21: any massive breakthroughs from the COP summit. Well, Chris Bowen,
• 42:26
  Speaker 21: we haven't seen any massive breakthroughs since Labor was elected
• 42:29
  Speaker 21: because our power bills are going in the other direction.
• 42:32
  Speaker 21: He also said that he believes that it's the quiet
• 42:34
  Speaker 21: Australians who support climate change. I'd actually argue, it's the
• 42:37
  Speaker 21: quiet Australians who have gone, gee, we've been really dotted
• 42:41
  Speaker 21: by this renewables only charade because you know, we're not
• 42:45
  Speaker 21: considering any other options like nuclear, and yet we're paying
• 42:48
  Speaker 21: about one hundred and fifty million dollars to send him
• 42:51
  Speaker 21: over to this COP summit for what We're not getting
• 42:53
  Speaker 21: a return on investment.
• 42:55
  Speaker 2: With Matt Kean. Well, he's going over Matt Keen, is he? Honestly,
• 42:59
  Speaker 2: he's gone on with this nonsense. He treats Australians like
• 43:02
  Speaker 2: they have an IQ of room temperature supporting climate. Actually,
• 43:06
  Speaker 2: Australia's going to change the global climate, is it?
• 43:09
  Speaker 1: It's just insane. Listen to this. He's spreaking his battery
• 43:11
  Speaker 1: scheme today.
• 43:13
  Speaker 22: I do acknowledge this very real progress today. It's no
• 43:16
  Speaker 22: coincidence that fifty percent renewables and four hundred and fourteen
• 43:22
  Speaker 22: three hundred and ninety six home batteries installed and the
• 43:25
  Speaker 22: cheaper home batteries policy which are reducing prices for them
• 43:28
  Speaker 22: but for everyone well I know.
• 43:31
  Speaker 2: Sorry, that was him a couple of weeks ago saying
• 43:33
  Speaker 2: that this is the reason prices are going down. He
• 43:36
  Speaker 2: was spreaking the battery scheme again today, James just like
• 43:39
  Speaker 2: glossing saying that it's wonderful people have taking them.
• 43:41
  Speaker 1: Well, only rich people can afford them.
• 43:43
  Speaker 2: You know, people who are battling to pay the power
• 43:45
  Speaker 2: bill can't afford to put the batteries in.
• 43:47
  Speaker 1: But even then the government subsidized, so taxpayers, those.
• 43:50
  Speaker 2: Poor people who can't afford their power bills, some of
• 43:53
  Speaker 2: their taxes are helping richer people put in roof for
• 43:57
  Speaker 2: roof panels and batteries.
• 43:58
  Speaker 19: I think he hit the nail on the head, Like
• 44:00
  Speaker 19: when you think about an energy policy, when you think
• 44:01
  Speaker 19: about bringing us down, the people that are struggling in
• 44:04
  Speaker 19: this country should be first and foremost in your mind.
• 44:06
  Speaker 1: Yeah, people who need to help the most.
• 44:08
  Speaker 19: But at the altar of climate consciousness, of the altar
• 44:10
  Speaker 19: of trying to make sure that you're looking good on
• 44:12
  Speaker 19: the global stage, Chris Bonen's putting them to one side
• 44:15
  Speaker 19: so we can out to batteries program.
• 44:17
  Speaker 1: Unbelievable stuff.
• 44:18
  Speaker 2: Let's go to the housing crisis, Deneka, and I've got
• 44:20
  Speaker 2: to get your thoughts on this thing. Housing prices are
• 44:23
  Speaker 2: already going down thanks to Labour's interventions and high interest
• 44:27
  Speaker 2: rates and the like, Yet they're subsidizing people, even non citizens,
• 44:30
  Speaker 2: into five percent mortgages.
• 44:33
  Speaker 1: This has the look of a house of cards.
• 44:35
  Speaker 20: Well, it absolutely does.
• 44:37
  Speaker 21: And you know, people my age Chris are dreaming about
• 44:40
  Speaker 21: being able to enter the housing market. And for those
• 44:42
  Speaker 21: who have been able to enter the housing market, now
• 44:45
  Speaker 21: they're completely being dutted since Labour's tax went through, and
• 44:49
  Speaker 21: they're losing a lot of money already. You'd be absolutely
• 44:52
  Speaker 21: tearing your hair out. And Labour's big pitch was, you know,
• 44:55
  Speaker 21: we're going to get young Ozzie's This was their whole
• 44:58
  Speaker 21: budget stick that if you're a young person, we're putting
• 45:00
  Speaker 21: you first.
• 45:01
  Speaker 20: And it's done the exact opposite.
• 45:03
  Speaker 21: And have you noticed this intergenerational equity line. It's sort
• 45:06
  Speaker 21: of disappeared into the never never. They're no longer bringing
• 45:09
  Speaker 21: it up because they know how much of a joke
• 45:10
  Speaker 21: it is. And in the end, we've got a supply problem.
• 45:12
  Speaker 21: Supply is the biggest issue we've got when it comes
• 45:15
  Speaker 21: to housing. You can't tax your way out of supply.
• 45:17
  Speaker 21: And now the housing market is going completely bust under Labor.
• 45:21
  Speaker 1: It seems to be going in reverse. Everything they're doing
• 45:24
  Speaker 1: in this space is wrong.
• 45:25
  Speaker 2: As Denika says, some new housing supply going down, prices
• 45:30
  Speaker 2: going down, mortgage stress going up.
• 45:32
  Speaker 19: Yeah, And what I think about this is like when
• 45:35
  Speaker 19: Labour brings in this policy, the five percent thing, they thought, Okay,
• 45:37
  Speaker 19: we are going to get a baked in massive demographic
• 45:40
  Speaker 19: of people that are always going to vote for us
• 45:42
  Speaker 19: because we're.
• 45:42
  Speaker 1: The ones that help them get a house.
• 45:44
  Speaker 19: Then now the people that have helped them go back
• 45:46
  Speaker 19: on their houseworth and making people really stay down the
• 45:49
  Speaker 19: battle of pretty financial stress. Their friends who don't have
• 45:52
  Speaker 19: a home are aware of this.
• 45:54
  Speaker 1: I just think a.
• 45:54
  Speaker 19: Lot of people our age have just become quite up
• 45:58
  Speaker 19: for grabs for both major parties. I think they might
• 46:01
  Speaker 19: go Greens, they might go One Nation, but certainly they've
• 46:03
  Speaker 19: been told labor are not the party that's going to
• 46:05
  Speaker 19: help you get a home, and Labour's not the party
• 46:07
  Speaker 19: that's going to help your financial future.
• 46:09
  Speaker 2: Well, I hope you both forgive me for my sins,
• 46:11
  Speaker 2: but I'm about to have a bit of a laugh
• 46:13
  Speaker 2: at the Liberal Party's expense.
• 46:15
  Speaker 1: Let's remind everybody.
• 46:16
  Speaker 2: Of this silly divention from a few days ago from
• 46:20
  Speaker 2: Melissa Macintosh.
• 46:22
  Speaker 23: I've taken a bit of inspiration from Sky News this
• 46:25
  Speaker 23: morning with your rebrand to News twenty four. I think
• 46:28
  Speaker 23: it's time. I'm putting myself out on a limb a
• 46:30
  Speaker 23: little bit. I think it's time for the Liberal Party
• 46:32
  Speaker 23: to rebrand itself. Some people think that we're stuck in
• 46:37
  Speaker 23: the past and our policies need to resonate with the
• 46:41
  Speaker 23: Australia of today and the future. So I think it'd
• 46:43
  Speaker 23: be really good time for us to revisit our values,
• 46:46
  Speaker 23: what we stand for, and the way we project ourselves
• 46:49
  Speaker 23: to Australians.
• 46:51
  Speaker 1: Okay, the rebranding.
• 46:52
  Speaker 2: She's proposing a rebranding of the Great Liberal Party.
• 46:55
  Speaker 1: Now I have to dips my lid.
• 46:56
  Speaker 2: I don't dips my lid very often to Labour's tenure Plippus,
• 47:00
  Speaker 2: but her retorts in question time today was pretty funny.
• 47:04
  Speaker 24: Shadow Minister says they should do a rebranding exercise.
• 47:09
  Speaker 20: They're going to get Scotty from.
• 47:10
  Speaker 24: Marketing back and he's going to ask modern liberals where
• 47:15
  Speaker 24: the hell are they?
• 47:17
  Speaker 20: Oh no, I mean, look, that was a credit where
• 47:22
  Speaker 20: credits you? That was? That was a really good one.
• 47:25
  Speaker 21: And look part of me for my crass commentary here.
• 47:28
  Speaker 20: But you can't put lipstick on a pick.
• 47:30
  Speaker 21: I'm sorry, but you can't right now with the Liberal Party,
• 47:33
  Speaker 21: and maybe Chris just maybe they do need a rebrand.
• 47:38
  Speaker 1: You do that, no branding.
• 47:41
  Speaker 2: Its policies is the issues, it's the values. And she's
• 47:44
  Speaker 2: just distracted the argument all week from a bad labor
• 47:47
  Speaker 2: government onto coalition chaos.
• 47:49
  Speaker 19: She said in that clip, I'm about to go out
• 47:52
  Speaker 19: on a limb here. It's a pretty good idea of
• 47:53
  Speaker 19: your politician. Whatever you're going to say after you say that,
• 47:57
  Speaker 19: don't say it your gut, but I got it. Like
• 48:00
  Speaker 19: this whole rebrand brandan brand it's called the Liberal Party.
• 48:04
  Speaker 19: Like that's the brand, that's the words been there, It's
• 48:06
  Speaker 19: been there since the start. It's a word that's been,
• 48:08
  Speaker 19: you know, in politics for two hundred years now. A
• 48:10
  Speaker 19: lot of people myself classical liberal, we subscribe to it.
• 48:13
  Speaker 19: You don't need to rebrand. It is the brand that
• 48:15
  Speaker 19: you need to go back to.
• 48:17
  Speaker 1: Absolutely.
• 48:18
  Speaker 2: And if you look at their value statement, the timeless
• 48:22
  Speaker 2: statement about what.
• 48:23
  Speaker 1: We believe, it's all there.
• 48:24
  Speaker 2: I'm just going to make sure their politics reflects that.
• 48:28
  Speaker 2: We've got a little bit of time just to recap.
• 48:30
  Speaker 2: I think on Princess Kate, the Princess of Wales, on
• 48:34
  Speaker 2: her effort for charity post her cancer troubles.
• 48:37
  Speaker 1: Let's hope it's those troubles are gone for good.
• 48:40
  Speaker 2: And she went and climbed the three Peaks of the UK,
• 48:43
  Speaker 2: and there was an encounter or two along the trail.
• 48:45
  Speaker 1: We're all very heartwarming and friendly. Have a look at this.
• 48:48
  Speaker 8: One, you, Denika.
• 49:08
  Speaker 2: There's plenty of people that bring shame upon the royal family.
• 49:11
  Speaker 1: She's a ripper and she.
• 49:12
  Speaker 20: You know that that is a classy woman.
• 49:14
  Speaker 21: What a wonderful woman who has been through cancer herself,
• 49:17
  Speaker 21: has climbed the three Peaks to raise awareness and money
• 49:22
  Speaker 21: for cancer charities. I think that she's an incredible woman.
• 49:25
  Speaker 21: But how would you be bumping into her? And the
• 49:27
  Speaker 21: way she speaks to people, it's just normal. She's a
• 49:29
  Speaker 21: normal woman and she's a father. I think she's wonderful.
• 49:32
  Speaker 2: Good go for a bushwalking you bump into the Princess
• 49:35
  Speaker 2: of Wales.
• 49:36
  Speaker 19: I have to climb five five flights of stairs to
• 49:38
  Speaker 19: get home each night. I'm more out of breath talking
• 49:40
  Speaker 19: to my wife than what she's healthy.
• 49:44
  Speaker 2: Thanks for joining us, James, and again that's all the
• 49:48
  Speaker 2: time we got for you tonight. Thanks so much for
• 49:50
  Speaker 2: watching his Jamie hosting Redlin