Latest / Credlin / Credlin | 26 November

Transcript

Credlin | 26 November · Credlin

• 0:02
  Speaker 1: Peedo Krandland live on Sky News Australia.
• 0:08
  Speaker 2: Good evening, Great tap your company. Here's what's coming up
• 0:10
  Speaker 2: on Kredline tonight. A summer of power blackouts on the way.
• 0:14
  Speaker 2: That's the risk, says the Energy regulator, Chris Yulman. With
• 0:17
  Speaker 2: more and still in New South Wales, millions of COVID
• 0:21
  Speaker 2: fine set to be repaid, twenty five thousand other unpaid
• 0:25
  Speaker 2: fines are now canceled. Finally, a reckoning on all that
• 0:29
  Speaker 2: pandemic madness. Will the governmentor as Benjamin Ettanyahu, if he's
• 0:33
  Speaker 2: ready Prime Minister visits Australia, Well, it seems petty Wong would.
• 0:38
  Speaker 2: What's happened to the modern Labor Party that it wants
• 0:41
  Speaker 2: to lock up countries using self defense but as seemingly
• 0:44
  Speaker 2: soft on would be terrorists. Tony Abbott joins me tonight
• 0:48
  Speaker 2: for his take on the latest out of Canberra. Plus
• 0:51
  Speaker 2: Donald Trump pulls the trigger on tariffs for China and
• 0:55
  Speaker 2: already Beijing's ambassador here is warning US not to jeopardize
• 0:59
  Speaker 2: our trade relationship by following the US lead. What's this
• 1:03
  Speaker 2: all mean for US? Ross Greenwood with more and shop
• 1:07
  Speaker 2: new analysis out today that says the Federal budget is
• 1:09
  Speaker 2: a seg of reading and the things are a lot
• 1:12
  Speaker 2: worse than we're being told by a Treasurer who wants
• 1:15
  Speaker 2: to keep voters in the dark ahead of the election.
• 1:19
  Speaker 3: This is worse for househols than Keating's recession we had
• 1:22
  Speaker 3: to have and the disastrous Whitlam government. Deloitte Access Economics
• 1:26
  Speaker 3: is forecasting the worst budget collapse in fifty years outside
• 1:29
  Speaker 3: the pandemic. How can Australians possibly afford another three years
• 1:33
  Speaker 3: of labor this week?
• 1:34
  Speaker 4: And incompetent government is taking Australia further in the wrong direction,
• 1:38
  Speaker 4: looking more like the Whitlam government every day.
• 1:43
  Speaker 2: We'll stay that issue because you didn't need an expensive
• 1:45
  Speaker 2: consultant to tell you. You've been hearing it here from
• 1:48
  Speaker 2: me for months. But today Deloitte confirmed the Alminezer governments
• 1:52
  Speaker 2: falling into a deep fiscal whole, that structurally the budget
• 1:56
  Speaker 2: is worse than you're being told, and that in the
• 1:59
  Speaker 2: years ahead it's a sea of red ink. The Treasurer
• 2:03
  Speaker 2: still insists the governance and outstanding economic manager. But if
• 2:07
  Speaker 2: that's the case, why have we had six successive quarters
• 2:11
  Speaker 2: of negative growth per person? In effect? Rolling recessions at
• 2:16
  Speaker 2: a household level it was only last night we reported
• 2:19
  Speaker 2: a drop in living standards, the biggest drop since nineteen
• 2:23
  Speaker 2: fifty nine. This drop was that since the time of
• 2:27
  Speaker 2: the government's election in March twenty twenty two, it's been
• 2:30
  Speaker 2: a drop of eight point seven percent. That's bigger than
• 2:33
  Speaker 2: the keating recessions of the nineteen ninety is bigger than
• 2:35
  Speaker 2: all recent recessions. Labor still says, though you've never had
• 2:41
  Speaker 2: it so good. Well, if so good, why did Labor
• 2:44
  Speaker 2: promise our power bills would fall by two hundred and
• 2:48
  Speaker 2: seventy five dollars per household per year, only to have
• 2:51
  Speaker 2: them then rise by up to one thousand dollars, deducing
• 2:55
  Speaker 2: power prices by two hundred and seventy five dollars.
• 2:58
  Speaker 4: By twenty twenty five to two hundred seventy five dollars a year.
• 3:02
  Speaker 5: Two hundred and seventy five dollars a year will get.
• 3:05
  Speaker 4: Power prices down by two hundred and seventy five dollars
• 3:08
  Speaker 4: a year.
• 3:10
  Speaker 2: As Deloitte said today, the budget position's deteriorating much more
• 3:14
  Speaker 2: sharply than the government has previously led on those surpluses
• 3:19
  Speaker 2: of the past two years produced by high commodity prices,
• 3:22
  Speaker 2: not by government's fiscal restraints so owe more to good
• 3:26
  Speaker 2: luck than good management, are giving away to debt and
• 3:29
  Speaker 2: deficit as far as the eye can see, at least
• 3:32
  Speaker 2: under Labour's current policy settings. In its half yearly budget analysis,
• 3:37
  Speaker 2: Deloitte projects a current financial year deficit of thirty three
• 3:41
  Speaker 2: zero point five billion dollars. It's nearly five and a
• 3:45
  Speaker 2: half billion dollars worse than the government's own budget forecast.
• 3:49
  Speaker 2: That says Deloitte says, quote represents a forty nine point
• 3:54
  Speaker 2: three billion dollar deterioration in just a single year. And
• 3:59
  Speaker 2: that's how they're around it year. Is it fifty billion
• 4:02
  Speaker 2: dollars in just twelve months? Deloitte goes on and says
• 4:06
  Speaker 2: the pandemic aside that's starting turnaround in Australia's fiscal fortunes
• 4:11
  Speaker 2: would be the largest nominal contraction in the underlying cash
• 4:16
  Speaker 2: balance on record. Delotte makes the fundamental point too that
• 4:21
  Speaker 2: anyone who knows budgets understands, and this is an i quote,
• 4:26
  Speaker 2: relying on unforeseen revenue upgrades as the government has with
• 4:30
  Speaker 2: high commodity prices is not a sustainable fiscal strategy. If
• 4:36
  Speaker 2: you think things are crooked, now, just wait till this
• 4:39
  Speaker 2: mob start to spend up big trying to buy your
• 4:41
  Speaker 2: vote at the next election. The basic problem is that
• 4:45
  Speaker 2: everything this government does is making our underlying economic circumstances worse.
• 4:52
  Speaker 2: Whether it's reregulating the workplace at the behest of union bosses,
• 4:57
  Speaker 2: or running the power system to cut emissions rather than
• 5:00
  Speaker 2: produced reliable and affordable electricity, or the madness of simply
• 5:05
  Speaker 2: forgiving twenty percent of graduates hex debts a gratuitous transfer
• 5:10
  Speaker 2: of wealth from taxpayers thou who are relatively poor to
• 5:15
  Speaker 2: those who will be relatively rich once they graduate and
• 5:19
  Speaker 2: earn good salaries in the future, or having the nation's
• 5:22
  Speaker 2: fiscal policy at odds with his monetary policy so that
• 5:26
  Speaker 2: interest rates stay higher for longer. Talk about economic vandalism.
• 5:32
  Speaker 2: Now I know Jim Chalmers. He was Swan's chief of
• 5:36
  Speaker 2: staff when I was the opposition leader's chief of staff
• 5:39
  Speaker 2: and Swan was a budget basket case. Now like Swan,
• 5:44
  Speaker 2: Chalmers doesn't have an economic qualification. He's got a PhD
• 5:48
  Speaker 2: in politics with a thesis about Paul Keating. But if
• 5:52
  Speaker 2: you listen to him, he's a budget genius or fig
• 5:56
  Speaker 2: Jam Jim. That's who we've got as a Treasurer because
• 6:00
  Speaker 2: this is a completely clueless government. As with the Doctor's
• 6:05
  Speaker 2: hippocratic oath, the most important rule of government is first,
• 6:10
  Speaker 2: do no harm. That's all this government ever does. Yesterday,
• 6:15
  Speaker 2: a series of business leaders appeal to the government to
• 6:18
  Speaker 2: stop doing further damage to the economy. When asked to
• 6:22
  Speaker 2: nominate his number one request of government, the head of
• 6:25
  Speaker 2: West Farmers, Rob Scott told The Australian just do this damage.
• 6:30
  Speaker 2: He said that just hitting pause on all the new
• 6:32
  Speaker 2: regulations being imposed on business would help in Labour's move
• 6:37
  Speaker 2: to a European style semi socialist economy. We can talk
• 6:41
  Speaker 2: about opportunities, said Scott, quote, but we should also be
• 6:46
  Speaker 2: mindful that there's more damage we can create with more
• 6:49
  Speaker 2: red tape, more unnecessary taxes and so forth. With the
• 6:54
  Speaker 2: budget set for March twenty five, you can be absolutely
• 6:57
  Speaker 2: confident the election will be called by then, before things
• 7:02
  Speaker 2: get worse, or before you're actually told the truth about
• 7:06
  Speaker 2: how bad things really are. That Deloitte report is a shocker.
• 7:15
  Speaker 2: We'll talk to Ross Green when in a moment we'll
• 7:17
  Speaker 2: go down to Canberra for the news. The headlines Sky
• 7:20
  Speaker 2: News political reporter trending.
• 7:21
  Speaker 6: Macintosh incoming US President Donald Trump threatens to slap even
• 7:25
  Speaker 6: bigger tariffs on China, the latest trade threat triggered by
• 7:29
  Speaker 6: Beijing's alleged failure to stop the spread of fentanyl into
• 7:32
  Speaker 6: the US. Tariff's threatened too, though for Canada and Mexico.
• 7:36
  Speaker 2: We are going to cost your countries, your economies.
• 7:39
  Speaker 5: We're going to cost your businesses billions.
• 7:42
  Speaker 4: I don't know.
• 7:42
  Speaker 2: You might even put tariff on Australia goods.
• 7:44
  Speaker 7: You don't know, because he's very likely to do anything.
• 7:46
  Speaker 2: Good luck to the inks, let him go their hardest.
• 7:49
  Speaker 2: I don't really know. I think Donald truck can probably shove.
• 7:51
  Speaker 6: It up his ars. China's ambassador today called on Australia
• 7:55
  Speaker 6: to help promote more trade.
• 7:57
  Speaker 2: Canon you the good relation on momentum. Puto took countries and.
• 8:01
  Speaker 7: See what are we going to do together to promote
• 8:03
  Speaker 7: for global feed.
• 8:04
  Speaker 6: The Coalition will support Labour's social media ban for under sixteen's,
• 8:08
  Speaker 6: despite pushback from a handful of backbenches.
• 8:12
  Speaker 2: So I don't support it.
• 8:13
  Speaker 8: I think the words banned media should ever be sentenced together.
• 8:17
  Speaker 1: A better option here would be just a pause and
• 8:21
  Speaker 1: get this right.
• 8:22
  Speaker 2: What is the urgency?
• 8:24
  Speaker 6: Privacy protections have been strengthened to ensure social media platforms
• 8:27
  Speaker 6: can't force users to provide government issued identity documents, and.
• 8:32
  Speaker 2: It doesn't start for twelve months.
• 8:34
  Speaker 5: Would you make sure that you got this right?
• 8:36
  Speaker 6: And Labour blame the Greens for housing delays as the
• 8:39
  Speaker 6: Senate standoff finally comes to an end.
• 8:42
  Speaker 2: In public policy, delay is costly.
• 8:44
  Speaker 6: With all of the government's legislation passed, why is it
• 8:48
  Speaker 6: that it's the case that we still have a house
• 8:50
  Speaker 6: and crisis in this country? The Help to Buy program
• 8:53
  Speaker 6: has passed the Senate. From July next year, thousands of
• 8:56
  Speaker 6: first home buyers will get access to shared equity loans,
• 9:00
  Speaker 6: but the policy could be repealed if the Coalition wins
• 9:02
  Speaker 6: the next election.
• 9:04
  Speaker 5: To the terrible policies.
• 9:05
  Speaker 6: Trudy Macintosh, Sky News, Canberra.
• 9:09
  Speaker 2: All right, before out of Camberdow in the final sitting
• 9:11
  Speaker 2: week of the year, I'm joined ow by Sky News
• 9:13
  Speaker 2: Political editor Andrew clenell Well. Plenty of talk about the
• 9:17
  Speaker 2: economy and the budget today. I mentioned a moment ago.
• 9:20
  Speaker 2: We'll talk to Ross Greenwood about some of the detail
• 9:23
  Speaker 2: in that Deloitte modeling. But I'll put you on the
• 9:26
  Speaker 2: spot here, mate. I mean, do you still think they're
• 9:28
  Speaker 2: going to hand down a bad budget then go to
• 9:31
  Speaker 2: the polls. Or are you with me now that you're
• 9:33
  Speaker 2: going to go before the budget?
• 9:34
  Speaker 1: Nope, Nope, they're doing the budget. They're going later. And
• 9:40
  Speaker 1: WA plays a lot too that Peter. If you went
• 9:43
  Speaker 1: over the WA campaign, or if you push the WA
• 9:46
  Speaker 1: campaign out, you'd annoy a lot of parochial West Australians
• 9:50
  Speaker 1: and they could lose four seats there and that's enough
• 9:52
  Speaker 1: to lose majority. So I don't think it really gives
• 9:56
  Speaker 1: them the option at the moment they're behind. Their view
• 10:00
  Speaker 1: is they'll try and get in front somehow and they
• 10:03
  Speaker 1: reckon extra time, will do that. So as it was
• 10:06
  Speaker 1: put to me, reason to go in March, that's.
• 10:12
  Speaker 2: The song they've been singing.
• 10:13
  Speaker 5: Well, why would they run? Would they run away.
• 10:15
  Speaker 2: From the budget? Next pile, next pole? Why you see
• 10:21
  Speaker 2: the numbers there from Deloitte?
• 10:22
  Speaker 1: Well, I suspect I'll speak to more senior labor people
• 10:26
  Speaker 1: than yourself better.
• 10:27
  Speaker 5: They could all be lying to me.
• 10:29
  Speaker 1: But I think it would be a problem for them
• 10:32
  Speaker 1: to have during the whole campaign. Are you running away
• 10:35
  Speaker 1: from doing a budget? There's no good options for the
• 10:37
  Speaker 1: government here. This is the least worst.
• 10:39
  Speaker 2: Option, Well, we'll see, we'll see. I think the difficulty
• 10:45
  Speaker 2: for the government is they will bring down a budget
• 10:48
  Speaker 2: that confirms they're in trouble. It'll confirm they've been fitting
• 10:52
  Speaker 2: to the Australian people. It'll have implications there, I think
• 10:55
  Speaker 2: for inflation, that's for certain. And of course you know,
• 10:59
  Speaker 2: when you've got deficits as far as the eye can see,
• 11:02
  Speaker 2: what are you selling in terms of economic management. You've
• 11:05
  Speaker 2: got problems with the national security front, You've got very
• 11:08
  Speaker 2: little you can stand there and say to the Australian
• 11:09
  Speaker 2: people after our first term, this is what we have delivered.
• 11:14
  Speaker 2: Look at our record. Elect us again. You know this
• 11:16
  Speaker 2: is not Howard Costello mate. They are in a lot
• 11:19
  Speaker 2: of trouble and I think they're floundering. We absolutely think
• 11:22
  Speaker 2: they're floundering.
• 11:23
  Speaker 5: And the longer they keeping struggling that we are, the
• 11:26
  Speaker 5: more prepared.
• 11:26
  Speaker 1: The other day we asked Pat Gorman the other day
• 11:30
  Speaker 1: how's it going to look to have two surpluses and
• 11:33
  Speaker 1: then a deficit, and you said, well, there's two surplaces
• 11:35
  Speaker 1: more than the coalition managed in nine years. So that'll
• 11:38
  Speaker 1: be their line.
• 11:41
  Speaker 2: Yeah. I just don't think that that watches with the punters.
• 11:43
  Speaker 2: If you look at all the indices coming back in
• 11:45
  Speaker 2: the polls, punters put the Coalition in the better management
• 11:48
  Speaker 2: of the economy column. They do that all the time,
• 11:52
  Speaker 2: just like Labour's always better off in health and education.
• 11:54
  Speaker 2: And I think, you know, this is a prime minister
• 11:57
  Speaker 2: who said, believe me, trust me, those baggerly passed tax cuts,
• 12:01
  Speaker 2: those day through tax cuts, they will occur. Of course
• 12:04
  Speaker 2: they didn't occur. I just think there's a trust deficit
• 12:08
  Speaker 2: with the government. Let's go to the social media ban.
• 12:12
  Speaker 2: Big fight obviously in Canberra to get this pass through
• 12:14
  Speaker 2: the Parliament. They want it done by Friday. It doesn't
• 12:18
  Speaker 2: come into effect though until twenty twenty six. Now. I
• 12:22
  Speaker 2: know Senator Anti doesn't like it as a sort of
• 12:24
  Speaker 2: a libertarian position, but other nps like Matt Canavan you
• 12:28
  Speaker 2: saw there in the package, Jackie Lamby as well, they
• 12:31
  Speaker 2: are inclined to want to support it. But they're concerned
• 12:35
  Speaker 2: about the rush. They're saying, look, if it's not in
• 12:38
  Speaker 2: place until twenty twenty six, let's just take our time
• 12:41
  Speaker 2: and get it right. So why the.
• 12:43
  Speaker 1: Rush because there's an election? I guess I really think
• 12:48
  Speaker 1: it's that melanosis.
• 12:50
  Speaker 2: An election to amaze you say that pressure on.
• 12:53
  Speaker 1: Yeah, but the Malanowskis and Dutton have put the pressure on.
• 12:58
  Speaker 1: It gives them a good headline, like doing something before
• 13:01
  Speaker 1: the end of the year. But I understand the MP's concern.
• 13:04
  Speaker 1: I mean they can't tell us, Peter, how it's going
• 13:08
  Speaker 1: to be enforced, how it's going to work, how the
• 13:11
  Speaker 1: companies are going to identify the age of people using it.
• 13:14
  Speaker 1: So talk about the cart before the horse. They're saying
• 13:17
  Speaker 1: they're banning something without knowing how they're banning it. It
• 13:21
  Speaker 1: seems pretty mad, doesn't it.
• 13:25
  Speaker 2: Look. I was the chief of staff for the Communications
• 13:27
  Speaker 2: Minister at one time and this area is fraught with difficulty.
• 13:31
  Speaker 2: I understand the point. I'm sympathetic to the views who
• 13:34
  Speaker 2: you know of parents aren't there who want something done,
• 13:37
  Speaker 2: But it doesn't come into place, as I say, for
• 13:40
  Speaker 2: at least almost eighteen months. Make the Parliament return next week.
• 13:44
  Speaker 2: I mean, bring the setate back next week, let them
• 13:47
  Speaker 2: have a decent inquiry on it, let's get it right,
• 13:50
  Speaker 2: and I think then they'll have widespread support for.
• 13:52
  Speaker 1: It, or indeed have an inquiry and bring it on
• 13:58
  Speaker 1: in February. If you sit.
• 14:03
  Speaker 2: All right, talk to me about Deputy Prime Minister Richard
• 14:06
  Speaker 2: Miles's chief of staff. She has now formerly said she
• 14:10
  Speaker 2: will sue him. She is still in his employment, although
• 14:16
  Speaker 2: she's not allowed to go to his office. She's barred
• 14:17
  Speaker 2: from his office. Apparently she's on seconvent. She would be
• 14:21
  Speaker 2: earning perhaps close to three hundred thousand dollars even though
• 14:24
  Speaker 2: she can't work in the role she's being paid for.
• 14:29
  Speaker 2: I don't want to get into the legals of this case.
• 14:31
  Speaker 2: It'll have its own course, but I want to talk
• 14:34
  Speaker 2: about the hypocrisy. If this was happening in a coalition
• 14:38
  Speaker 2: MP's officer, if this was Peter Dutton's office, let's say,
• 14:42
  Speaker 2: I mean, there'd be an absolute media pylon. But there's
• 14:45
  Speaker 2: barely been a mention of this outside of Sky News.
• 14:50
  Speaker 1: Yeah, what should be reported on obviously, I mean I
• 14:54
  Speaker 1: think one element though that differed in terms of the
• 14:59
  Speaker 1: staff scandal in the Morrison period frankly, where the one
• 15:02
  Speaker 1: involved an allegation of rape and the other involved an
• 15:07
  Speaker 1: allegation of a minister mistreating a woman.
• 15:09
  Speaker 5: So they were just.
• 15:10
  Speaker 1: Sort of more lurid, more delving into the criminal potentially
• 15:17
  Speaker 1: criminal space if you like.
• 15:19
  Speaker 5: And so.
• 15:21
  Speaker 1: Joe Tanowski has gone out there and kind of made
• 15:23
  Speaker 1: these half allegations without naming names, and it's all very foggy,
• 15:28
  Speaker 1: the whole thing, really, and I don't think that lends
• 15:31
  Speaker 1: itself to this thing getting more publicity, if you know
• 15:36
  Speaker 1: what I mean, whereas there were more sort of concrete
• 15:38
  Speaker 1: and controversial allegations.
• 15:42
  Speaker 5: And I think there's a bit of a.
• 15:43
  Speaker 1: Concern now post the Higgins payout and the Rachelle Miller
• 15:48
  Speaker 1: in terms of the Allen Touch payout, that there will
• 15:52
  Speaker 1: be staff who find themselves in this place falling out
• 15:55
  Speaker 1: with people, which happens in every workplace, right and often
• 15:59
  Speaker 1: you know the best course then is to find another job.
• 16:02
  Speaker 1: But instead, now maybe there'll be this expectation you can
• 16:05
  Speaker 1: get half a brick out of it, half a million dollars,
• 16:08
  Speaker 1: and you know that's allegedly what Rachelle Miller received. So
• 16:12
  Speaker 1: I think we'll see more of these.
• 16:13
  Speaker 2: Peter, Oh, look, I don't disagree with you. I mean,
• 16:18
  Speaker 2: I spent sixteen years in the job, so I understand
• 16:20
  Speaker 2: exactly what goes on behind closed doors. I just think
• 16:23
  Speaker 2: it's funny putting the wood this time on the media
• 16:26
  Speaker 2: that the media don't go and ask these questions. You
• 16:28
  Speaker 2: say it's foggy, or you get your colleagues in the
• 16:31
  Speaker 2: gallery have spent years defogging big stories. It's just that
• 16:35
  Speaker 2: it's a labor MP, it's a Deputy Prime minister on
• 16:38
  Speaker 2: the cusp of an election, and it's like it's a
• 16:40
  Speaker 2: no go zone compared to where we were on other cases.
• 16:43
  Speaker 2: And I'm not just talking about the sexual assault allegations
• 16:46
  Speaker 2: those cases, but there's been plenty of cases where MUD's
• 16:49
  Speaker 2: been thrown around when it's on the conservative side as
• 16:51
  Speaker 2: opposed to the left. I mean, look at all these
• 16:54
  Speaker 2: Green staff for allegations against Green's MP's Greens candidates. Again,
• 16:59
  Speaker 2: the left doesn't report on those circumstances.
• 17:03
  Speaker 1: For some reason, Peter, the liberal women speak out and
• 17:06
  Speaker 1: the labor women don't. I'm not quite sure what that is,
• 17:10
  Speaker 1: Whether it's the whole solidarity type thing, whether labor are
• 17:13
  Speaker 1: better at looking after people so they don't speak out.
• 17:17
  Speaker 1: But I think that's pretty self evident from what we've
• 17:19
  Speaker 1: seen in this place the past couple of years.
• 17:23
  Speaker 2: All right, let's go to New South walesa today. Late
• 17:26
  Speaker 2: this afternoon they announce the government that they are withdrawing
• 17:29
  Speaker 2: twenty five thousand outstanding COVID fines. These are fines that
• 17:33
  Speaker 2: people have but have not paid. They'll also refund about
• 17:37
  Speaker 2: five and a half million dollars for those who have
• 17:39
  Speaker 2: paid the fines after legal advice suggested the notices may
• 17:43
  Speaker 2: not be compliant with the Fines Act. Well, big problems
• 17:47
  Speaker 2: in other states, and know Victoria levied a lot of
• 17:49
  Speaker 2: fines as well, But this is a big win for
• 17:52
  Speaker 2: common sense in New South Wales, isn't it.
• 17:56
  Speaker 1: Yeah, Well, it speaks to those images of a police
• 17:59
  Speaker 1: car stopping, you know, people who were just reading a
• 18:01
  Speaker 1: book nowhere near anyone in a park. This is of
• 18:04
  Speaker 1: course before we had a vaccine or anything, but clearly
• 18:07
  Speaker 1: you know it was over the top and I just
• 18:12
  Speaker 1: don't there's no way that if there's another pandemic, it's
• 18:15
  Speaker 1: going to play out the way it's played out, and
• 18:17
  Speaker 1: if we can take any positives out of a couple
• 18:19
  Speaker 1: of years we're desperately trying to forget, particularly you in Melbourne, Peter,
• 18:23
  Speaker 1: it is I think governments will have learnt from this,
• 18:27
  Speaker 1: of all persuasions. You might say the labor governments won't
• 18:31
  Speaker 1: and the juries out on that, but I think governments
• 18:34
  Speaker 1: of all persuasions will learn how much better to manage
• 18:37
  Speaker 1: the next one. I still think we should have had
• 18:39
  Speaker 1: a proper national raw commission personally, because you know, it'd
• 18:43
  Speaker 1: be great to have sort of a bunch of recommendations
• 18:46
  Speaker 1: going forward and try to unite the states a bit.
• 18:50
  Speaker 1: So they have this crazy business of people not being
• 18:52
  Speaker 1: able to see their families in Wa and Queensland, and
• 18:55
  Speaker 1: you can educate the public a bit that way as
• 18:57
  Speaker 1: well in those more hard line states. But yeah, I
• 19:03
  Speaker 1: think it's kind of good to see people who in
• 19:05
  Speaker 1: a lot of instances probably shouldn't have been fine get
• 19:07
  Speaker 1: their money back.
• 19:10
  Speaker 2: All right, Well, you're pretty confident about a May election,
• 19:13
  Speaker 2: you'll be able to book an Easter holiday. Put your
• 19:16
  Speaker 2: feet up. I will, however, stay on deck because they're
• 19:19
  Speaker 2: going to go early. Bangs, Andrew, see you next time.
• 19:22
  Speaker 2: All right now, And yet another side as to why
• 19:24
  Speaker 2: labor could well go early. Those Deloit economic numbers released
• 19:29
  Speaker 2: today skating predictions about the Commonwealth's budget bottom line. Now,
• 19:34
  Speaker 2: despite all the spin from the Treasurer, its deficits as
• 19:38
  Speaker 2: far as the eye can see, with Deloit estimating the
• 19:41
  Speaker 2: underlying cash deficit will be thirty three and a half
• 19:44
  Speaker 2: billion dollars this financial year. So that's five point two
• 19:47
  Speaker 2: billion worse than expected. Joining me now at Sky's business
• 19:51
  Speaker 2: editor Ross Greenwood. Well, what underscores these predictions, Ross, and
• 19:58
  Speaker 2: why such a large disparity between the Treasury forecast and
• 20:02
  Speaker 2: what Deloitte had to say today?
• 20:05
  Speaker 9: Two things, Two very simple things, Peter. One of them
• 20:07
  Speaker 9: is commodity prices. And so generally what's happened for the
• 20:11
  Speaker 9: last let's call it fifteen years or so is a
• 20:14
  Speaker 9: treasurers sort of know the game, and that is they
• 20:16
  Speaker 9: put in very conservative forecast for commodity prices and then
• 20:20
  Speaker 9: lower and behold the iron ore prices higher than what
• 20:23
  Speaker 9: they had forecast, the coal prices higher, and they forecast
• 20:26
  Speaker 9: the L and G prices high, and they forecast.
• 20:28
  Speaker 5: And they've got more money.
• 20:30
  Speaker 9: So what it does therefore, is it actually gives them
• 20:33
  Speaker 9: an ability to be able to go and spend coming
• 20:36
  Speaker 9: into elections.
• 20:36
  Speaker 5: It gives them an ability to.
• 20:38
  Speaker 9: Be able to go and spend on prep projects or
• 20:40
  Speaker 9: infrastructure in key areas. And so you can see, really
• 20:43
  Speaker 9: this is what's going on that number. Remember the surplus
• 20:47
  Speaker 9: on the left hand side, fifteen billion dollars.
• 20:50
  Speaker 5: So this is what.
• 20:51
  Speaker 9: Labor is hanging its hat on the fact that it's
• 20:52
  Speaker 9: had two surpluses. So therefore we've got economic managers, we
• 20:56
  Speaker 9: know what we're doing. But then to see what really
• 20:59
  Speaker 9: Treasury and now the Lloyd are saying will happen this
• 21:01
  Speaker 9: year is a forty nine billion dollar deterioration, which COVID
• 21:06
  Speaker 9: those COVID years aside is the biggest deterioration in our
• 21:10
  Speaker 9: federal budget on record, according to Deloitte. Now, the second
• 21:13
  Speaker 9: thing that's happened is not just the fact that commodity
• 21:16
  Speaker 9: prices have come off much more quickly and have come
• 21:18
  Speaker 9: below the forecast, so they're not going to get a
• 21:20
  Speaker 9: lift up in revenue. It's actually going to be deteriorating.
• 21:24
  Speaker 9: But the second thing that's happened is the government's been spending. Now,
• 21:28
  Speaker 9: the government keeps on denying that where they've been saving
• 21:30
  Speaker 9: all this money, we've been putting it all aside, and
• 21:32
  Speaker 9: to a certain extent they have, but they have also
• 21:34
  Speaker 9: been spending. And also inflation is caught up with the government, wages,
• 21:38
  Speaker 9: inflation the cost of just doing things, and so as
• 21:42
  Speaker 9: a result, the government is now spending more than it
• 21:44
  Speaker 9: has in the past, which is also the reason why
• 21:47
  Speaker 9: this is one of the highest taxing governments in history.
• 21:50
  Speaker 9: Notwithstanding they've given out the Stage three tax cuts, they're
• 21:53
  Speaker 9: still collecting more and more tax and that's part of
• 21:56
  Speaker 9: the reason why families right now are feeling that times
• 22:00
  Speaker 9: are tough, because it's not just what's happening in supermarkets
• 22:03
  Speaker 9: or what's happening in your general cost of living. It's
• 22:05
  Speaker 9: what's happening with the amount of tax being taken out
• 22:08
  Speaker 9: of your salary. And that is straight back to the
• 22:11
  Speaker 9: federal government and state straight back to the state governments
• 22:14
  Speaker 9: as well.
• 22:17
  Speaker 2: And that's an analysis out yesterday to show that there's
• 22:19
  Speaker 2: you know, nearly a nine percent drop in living standards
• 22:22
  Speaker 2: in the two years since the government's been elected in
• 22:24
  Speaker 2: March twenty twenty two was the actual calculus point. Now,
• 22:29
  Speaker 2: we haven't had that sort of dropping living standards since
• 22:32
  Speaker 2: the fifties. Previously, you know, the Keating recession it was
• 22:35
  Speaker 2: about five percent. We've had three other recessions in addition
• 22:39
  Speaker 2: to the Keating recession. All of them have had not
• 22:42
  Speaker 2: the same drop in living stands. So that's why people
• 22:45
  Speaker 2: are hurting. But just on that surplus, let's call it out.
• 22:48
  Speaker 2: Let's call those two surpluses as bs, because they are
• 22:52
  Speaker 2: accidental surpluses. If you watch this program, I have been
• 22:55
  Speaker 2: saying for about a year and a half, these are
• 22:58
  Speaker 2: good luck, not good management. They're from the commodity sales
• 23:02
  Speaker 2: of all the resources in the minerals that labor wants
• 23:05
  Speaker 2: Australia not to use. Once Australia to ban. That's keeping
• 23:09
  Speaker 2: the budget afloat, and that was also confirmed in the
• 23:12
  Speaker 2: Deloitte analysis.
• 23:14
  Speaker 9: And on top of that also the massive amount of
• 23:17
  Speaker 9: migration that has come in that Remember the government has
• 23:20
  Speaker 9: said it now wants to unwind. So when you look forward,
• 23:23
  Speaker 9: you don't have those commodity prices. Remember that labor, parts
• 23:27
  Speaker 9: of big parts of labor, and the Greens want to
• 23:30
  Speaker 9: ban sales of gas, want to ban sales of coal
• 23:33
  Speaker 9: into the future.
• 23:34
  Speaker 5: And so therefore you go, well, all right, what do
• 23:36
  Speaker 5: you got left? Well, iron ore?
• 23:37
  Speaker 9: Well hang on, you need it coal with that iron
• 23:39
  Speaker 9: ore to make steels. So where do you go then?
• 23:42
  Speaker 9: So you go, well, all right, maybe something else to
• 23:44
  Speaker 9: work for as well. The reality is education, maybe good educate. Well,
• 23:49
  Speaker 9: you're now starting to cut student numbers into Australia, So
• 23:52
  Speaker 9: wherever you look, there's actually a dead end somewhere. And
• 23:55
  Speaker 9: Australia has got to cut through this and start to
• 23:58
  Speaker 9: realize what it is. It's a commodity producer. We are
• 24:01
  Speaker 9: not necessarily going to be, as the Prime Minister says,
• 24:04
  Speaker 9: the sudden superpower for renewable energy. We might be to
• 24:08
  Speaker 9: a certain extent, but that's not going to be the
• 24:10
  Speaker 9: only thing that we need. We're going to need to
• 24:12
  Speaker 9: export gas. We're going to need to export other commodities
• 24:15
  Speaker 9: to make certain that this country remains strong.
• 24:18
  Speaker 5: Because that's what it is good at.
• 24:20
  Speaker 9: And so really, even though our population will ultimately grow
• 24:23
  Speaker 9: in time, the fact is now households are feeling the pressure.
• 24:27
  Speaker 9: And so the government might well say, look, we've not
• 24:30
  Speaker 9: been in recession. We've got all these things going in
• 24:32
  Speaker 9: our favor, such as these surpluses. But the ordinary person
• 24:36
  Speaker 9: in the street says, now, hang on, I know this
• 24:39
  Speaker 9: is tougher. I know I'm not getting the interest rate
• 24:41
  Speaker 9: cuts that I thought I was.
• 24:42
  Speaker 5: Going to get.
• 24:42
  Speaker 9: I know my grocery prices have gone up. I know
• 24:45
  Speaker 9: that my taxes are higher. And that's where you're going
• 24:48
  Speaker 9: to get the disgruntlement because there is a disconnect because
• 24:52
  Speaker 9: between what the government is telling the community and what
• 24:55
  Speaker 9: the community is feeling itself.
• 24:59
  Speaker 2: Just on the point of but you know, the Prime
• 25:01
  Speaker 2: Minister's both we're going to be this renewable energy superpower.
• 25:04
  Speaker 2: A superpower denotes that you make some sort of income
• 25:08
  Speaker 2: from your renewables, right, That's what a superpower does with
• 25:10
  Speaker 2: its asset base. Well, with renewables, the wind turbines and
• 25:15
  Speaker 2: the solar panels, ninety percent of them are coming from overseas,
• 25:18
  Speaker 2: So the overseas jobs and overseas incomes, it's not earned
• 25:21
  Speaker 2: in Australia. A lot of these wind farms and solar
• 25:24
  Speaker 2: farms are foreign owned pension funds out of Scandinavia and
• 25:28
  Speaker 2: elsewhere Spain. They're going to earn the money from the
• 25:31
  Speaker 2: subsidies here and the use of these assets in Australia.
• 25:34
  Speaker 2: So I don't know where we become. We might be
• 25:37
  Speaker 2: a big renewables user, but we don't become a superpower.
• 25:41
  Speaker 2: You look over the United States today, they're going pretty
• 25:45
  Speaker 2: hard on tariffs. They make it absolutely clear this is
• 25:48
  Speaker 2: the new president, Donald Trump. He's make it absolutely clear
• 25:51
  Speaker 2: he wants jobs and industries in the United States. Is
• 25:54
  Speaker 2: pulled the trigger on those tariffs, and he's not scared
• 25:57
  Speaker 2: of picking a fight with Beijing. And here we are,
• 26:00
  Speaker 2: you know, basically hiding under the bed every time China
• 26:03
  Speaker 2: looks at us the wrong way.
• 26:04
  Speaker 5: Yeah, so totally true.
• 26:06
  Speaker 9: So you go to say, for example, even to the
• 26:08
  Speaker 9: problem for Australia right now with what's happening in America.
• 26:11
  Speaker 5: So say, if your blue Scope steel and.
• 26:13
  Speaker 9: You've got steel plans here, you've got them in China,
• 26:16
  Speaker 9: you've got them in the United States, where are you
• 26:18
  Speaker 9: putting your money all at the moment, if your Mark
• 26:21
  Speaker 9: Pseller the chief executive, you're going all in on the
• 26:23
  Speaker 9: United States. And why because you can make steel there,
• 26:27
  Speaker 9: which is basically protected from Chinese inputs. You can make
• 26:30
  Speaker 9: steel there with energy prices that are between a third
• 26:34
  Speaker 9: and a half the price of Australia. You are more
• 26:37
  Speaker 9: competitive and the return on the money.
• 26:39
  Speaker 5: You invest there is greater.
• 26:41
  Speaker 9: It's the same if you're Cocklear, if you are saying ResMed,
• 26:45
  Speaker 9: if you are Reese the plumbing supplies company. And no
• 26:48
  Speaker 9: surprise here that all those companies after Donald Trump's announcement
• 26:52
  Speaker 9: today of those new tariffs, all grows significantly.
• 26:56
  Speaker 5: On the stock market today.
• 26:57
  Speaker 9: Why they've got operations in America, They're going to put
• 27:00
  Speaker 9: more of their money there and put less of their
• 27:03
  Speaker 9: money here in Australia because why Australia is not competitive
• 27:07
  Speaker 9: and people are going to understand this that if you
• 27:09
  Speaker 9: don't get the government settings right, If you're going to
• 27:11
  Speaker 9: government that says we're going to raise taxes, and you've
• 27:14
  Speaker 9: got another government in America that says we're going to
• 27:16
  Speaker 9: cut taxes, where do you think the money is going
• 27:18
  Speaker 9: to flow to? If you've got energy prices there that
• 27:20
  Speaker 9: is certain, and it's also cheaper. Where are people in
• 27:24
  Speaker 9: the industry going to invest. They're not going to invest
• 27:26
  Speaker 9: in Australia, They're going to invest there. And the sooner
• 27:28
  Speaker 9: that this gets through people's minds, because eventually it will
• 27:31
  Speaker 9: catch up with employment, catch up with opportunity. We can't
• 27:34
  Speaker 9: all become care workers under the ndis supported by the government.
• 27:39
  Speaker 9: We've actually got to have some industries that do some
• 27:41
  Speaker 9: things in this country. And the sooner the people realize
• 27:44
  Speaker 9: and work this out, and the sooner that governments worked
• 27:46
  Speaker 9: this out, the better the country will be because we'll
• 27:49
  Speaker 9: get some genuine change and reform in this country.
• 27:53
  Speaker 2: And look, that's where I was hoping the change of
• 27:56
  Speaker 2: government in the United States, and there's really pro business agenda,
• 27:59
  Speaker 2: pro US agenda might force a rethink on both sides
• 28:03
  Speaker 2: of politics here. So the Liberals have got to shake
• 28:05
  Speaker 2: their system up as well and have on the table
• 28:08
  Speaker 2: at the next election some serious reforms just before we
• 28:12
  Speaker 2: go way into this one with me. So Andrew Clennel
• 28:15
  Speaker 2: says they'll call the election in April. For May, they'll
• 28:18
  Speaker 2: have a March budget. I'm not so sure. They've got
• 28:21
  Speaker 2: to have these twenty thirty five targets out in February
• 28:24
  Speaker 2: unless they're in caretaker mode. Those energy targets will be horrific.
• 28:28
  Speaker 2: Australians will not want them, and that's what's coming down
• 28:31
  Speaker 2: the pipeline. And they've got this red ink that Deloitte
• 28:34
  Speaker 2: confirms in a March budget. Why would you do the
• 28:37
  Speaker 2: budget Ross, Why wouldn't you just go to an election
• 28:40
  Speaker 2: and not tell people how bad it is.
• 28:43
  Speaker 9: Well, he's got to do a mid year economic and
• 28:45
  Speaker 9: physical update which is coming out to see it all over.
• 28:48
  Speaker 9: They could push that out until January. That's going to
• 28:51
  Speaker 9: give us a part of the story. So let's be
• 28:53
  Speaker 9: fair about that side of it. But the second side
• 28:55
  Speaker 9: of it is there's one other aspect of this. I
• 28:58
  Speaker 9: noticed that Andrew Clenel said, push out as late as
• 29:00
  Speaker 9: you can that The budget is forecast not for May
• 29:03
  Speaker 9: as it normally would be, but March twenty five. If
• 29:06
  Speaker 9: it were me, however, I'd be sitting here looking at
• 29:08
  Speaker 9: things right now. There are going to be no interest
• 29:10
  Speaker 9: rate cuts between now and March twenty five, so that's
• 29:14
  Speaker 9: not something that you're going to be able to hang
• 29:15
  Speaker 9: your hat on.
• 29:16
  Speaker 5: The situation for Australian families is going to get worse.
• 29:19
  Speaker 5: It's not going to get better.
• 29:20
  Speaker 9: In fact, unemployment might start to rise between now and then,
• 29:24
  Speaker 9: putting even more.
• 29:24
  Speaker 5: Pressure on families.
• 29:26
  Speaker 9: Home prices are starting to dip in major markets right now.
• 29:29
  Speaker 9: Conditions for families is deterior rating, they're not improving, and
• 29:33
  Speaker 9: so from that point of view, there is nothing the
• 29:35
  Speaker 9: government can do to make things feel better.
• 29:38
  Speaker 5: Anything will feel like.
• 29:39
  Speaker 9: A band aid, if it's a handout from a budget
• 29:41
  Speaker 9: or a handout from a midyear sort of thing or
• 29:44
  Speaker 9: an election promise, it just feels like a band aid
• 29:47
  Speaker 9: and people will see through.
• 29:48
  Speaker 5: That, and so the reality is on with you.
• 29:50
  Speaker 9: Actually, I think if you were politically astute, you'd smell
• 29:54
  Speaker 9: liberies right now and say sooner is probably better than later.
• 29:58
  Speaker 5: But either which way it's a tough fight.
• 30:02
  Speaker 2: And tell you after a hot summer which is predicted,
• 30:04
  Speaker 2: and you get your power bill, people are not going
• 30:07
  Speaker 2: to be happy. Ross Oliver, there good over there right
• 30:10
  Speaker 2: after break. Some are not even here yet as we know,
• 30:13
  Speaker 2: but our energy systems on the brink of collapse. We're
• 30:16
  Speaker 2: talking about power outages today in New South Wales. Plus
• 30:20
  Speaker 2: Indigenous voice to the Parliament. In South Australia, it's now
• 30:23
  Speaker 2: been given the right to question Habnet and top bureaucrats
• 30:27
  Speaker 2: from a Prime Minister Tony Abbot coming up soon. Welcome
• 30:34
  Speaker 2: back and get Chris Yulman on in a moment to
• 30:36
  Speaker 2: talk about the New South Wales power grid and extreme heat.
• 30:40
  Speaker 2: But with more than one day to go, that's not right. Sorry,
• 30:45
  Speaker 2: how far labor has drifted to the hard left. Let's
• 30:48
  Speaker 2: talk about that. Bob Hawk warned that if the bell
• 30:51
  Speaker 2: tolls for Israel, it will toll for all mankind. Or
• 30:55
  Speaker 2: we now have an Australian Foreign Minister in Penny Wong
• 30:58
  Speaker 2: who won't rule out arresting the israel The Prime Minister
• 31:01
  Speaker 2: Benjamin Netanyahu.
• 31:03
  Speaker 10: I have made clear many times in this place that
• 31:06
  Speaker 10: all parties to the conflict must comply with international law,
• 31:10
  Speaker 10: and I again say we respect the independence of the
• 31:12
  Speaker 10: International Criminal Court and its important role in upholding international law.
• 31:20
  Speaker 2: Now, in what will be his last Creditlin appearance for
• 31:23
  Speaker 2: the Air, former Prime Minister Tony Abbott, Well, Tony, welcome,
• 31:27
  Speaker 2: thank you for your time. I want to start with
• 31:29
  Speaker 2: this issue in the International Criminal Court. How can we
• 31:33
  Speaker 2: have any faith in this court when we have these
• 31:36
  Speaker 2: arrest warrants where we've got the leader of a democratic
• 31:39
  Speaker 2: country in Israel lumped into the same category as terrorists.
• 31:45
  Speaker 2: I mean, Labor surely can't claim they're a friend of
• 31:47
  Speaker 2: Israel anymore.
• 31:52
  Speaker 4: I think that's absolutely right, Peter. Any court that claims
• 31:58
  Speaker 4: moral equivalents point an apocalyptic terror group Hamas on the
• 32:02
  Speaker 4: one hand and liberal democratic Israel and its leaders on
• 32:07
  Speaker 4: the other hand. It's not a court of justice, it's
• 32:09
  Speaker 4: a court of politics.
• 32:13
  Speaker 2: You were in the Howard government when Australia sign up
• 32:16
  Speaker 2: to the ICC. You were actually in cabinet, So I
• 32:19
  Speaker 2: got to ask you, why on earth did we do this?
• 32:22
  Speaker 2: Why do we support this?
• 32:27
  Speaker 4: I think back then the hope was that the court
• 32:31
  Speaker 4: would operate according to the normal principles of justice, due process,
• 32:37
  Speaker 4: the right to be heard, giving people the benefit of
• 32:41
  Speaker 4: the doubt and so on. That's not how it's turned
• 32:44
  Speaker 4: out in practice, certainly not in this case. I mean
• 32:49
  Speaker 4: plainly the prosecutor has started with it seems a preconception
• 32:57
  Speaker 4: about this and how has been talking simply to one
• 33:01
  Speaker 4: side of this conflict. Now, as I said, there can
• 33:05
  Speaker 4: be no moral equivalents between a democracy exercising legitimate right
• 33:11
  Speaker 4: of self defense and an apocalyptic terror group which to
• 33:14
  Speaker 4: this day is holding some one hundred Israeli innocent civilians
• 33:21
  Speaker 4: hostage and is still pledged to the uttered destruction of
• 33:25
  Speaker 4: the state of Israel.
• 33:29
  Speaker 2: Well, I know you're not going to breach cabinet solidarity,
• 33:31
  Speaker 2: but I also know you did not support Australia joining
• 33:34
  Speaker 2: the ICC. Alexander Downer says, you know, we've either got
• 33:38
  Speaker 2: to reform this body always should withdraw from the ICC,
• 33:43
  Speaker 2: or what do you think.
• 33:47
  Speaker 4: Well, you won't be surprised that I agree with Alexander.
• 33:52
  Speaker 4: Alexander was always optimistic about the ICC. I think heates
• 34:00
  Speaker 4: that it hasn't turned out the way we expected, or
• 34:05
  Speaker 4: the cabinet expected back in two thousand and five or
• 34:09
  Speaker 4: two thousand and six, or whenever it was that we
• 34:12
  Speaker 4: made the decision. To join. This is a one sided, compromised,
• 34:20
  Speaker 4: conflicted recommendation that the Court has made. The idea that
• 34:25
  Speaker 4: a country like Australia would arrest a democratic prime minister
• 34:30
  Speaker 4: in Vivinet Nyahoo who is providing heroic leadership to his
• 34:35
  Speaker 4: country in an existential struggle, it's just dead wrong.
• 34:42
  Speaker 2: As a former leader yourself, right, do you often sit
• 34:45
  Speaker 2: there and reflect on the rise of anti Semitism and
• 34:50
  Speaker 2: what leaders state, federal and community are not doing in
• 34:55
  Speaker 2: this country to stamp it out. It feels like it
• 35:00
  Speaker 2: it's only growing stronger, I have to say, Tony.
• 35:06
  Speaker 4: Well, Peter, I recall the actions of the police back
• 35:10
  Speaker 4: in late twenty twenty one against the freedom protesters. I
• 35:13
  Speaker 4: recall the use of tear gas and rubber bullets on
• 35:17
  Speaker 4: people near the Shrine of Remembrance in Melbourne who just
• 35:21
  Speaker 4: wanted to say, let us be free.
• 35:23
  Speaker 5: Now.
• 35:23
  Speaker 4: If the police can be as strong as that against
• 35:28
  Speaker 4: people who were supporting freedom, surely they can be just
• 35:34
  Speaker 4: as strong against people who are promoting the most vile
• 35:38
  Speaker 4: race hate. And yet there's been kid glove treatment of
• 35:43
  Speaker 4: these anti Semitic pro we Haamas protesters ever since October
• 35:49
  Speaker 4: the seventh. The idea that the police should be managing
• 35:53
  Speaker 4: these protests as opposed to suppressing them. I just think
• 35:57
  Speaker 4: is wrong. It's an Australian to allow this kind of
• 36:00
  Speaker 4: thing on our streets and it should be stopped. What's
• 36:03
  Speaker 4: the point of having a police if the streets are
• 36:07
  Speaker 4: ruled by people who are promoting hate, who certainly aren't
• 36:13
  Speaker 4: I think, conforming to the general decency that we expect
• 36:16
  Speaker 4: of Australians.
• 36:20
  Speaker 2: Just after Donald Trump announced that he will bring back
• 36:23
  Speaker 2: tariffs in relation to China, the Chinese Ambassador in Australia
• 36:28
  Speaker 2: spoken camera and he made it very clear how he
• 36:32
  Speaker 2: thinks the world should look at the Australia China relationship
• 36:36
  Speaker 2: and learn from us. I suppose on how we should
• 36:42
  Speaker 2: perhaps cowtow have a listen.
• 36:46
  Speaker 7: We have turned up the relationship from Deariel back on
• 36:50
  Speaker 7: the right track, from going down back to stabilization, and
• 36:55
  Speaker 7: from moving to the wrong direction back to the right direction.
• 37:00
  Speaker 7: And there's no reason for us to compromise our respective
• 37:03
  Speaker 7: national interest for the sake of a third party.
• 37:10
  Speaker 2: I mean, we have basically given China everything it wanted.
• 37:13
  Speaker 2: We've pulled out a wto actions and more. And the
• 37:17
  Speaker 2: Prime Minister, well, you can't help, but look at him
• 37:21
  Speaker 2: on the world stage with President g and feel we're
• 37:24
  Speaker 2: allowing Beijing to dictate terms.
• 37:30
  Speaker 4: Look, the worst endorsement that any self respecting democratic politician
• 37:35
  Speaker 4: could get there would be an endorsement from the Beijing regime.
• 37:41
  Speaker 4: The idea that Beijing thinks that we're somehow a model
• 37:44
  Speaker 4: for the democratic world, Well, frankly, we should be ashamed
• 37:47
  Speaker 4: of ourselves, absolutely ashamed of ourselves on this point of
• 37:51
  Speaker 4: Tariff's Peter, we do have to understand that as long
• 37:55
  Speaker 4: as the CCP is in charge in Beijing, we are
• 37:59
  Speaker 4: in the throat of a sustained strategic competition, a new
• 38:05
  Speaker 4: Cold War, one that is every bit as serious and
• 38:08
  Speaker 4: as important as the last one, one that we have
• 38:12
  Speaker 4: to win under the CCP. We love the Chinese people,
• 38:19
  Speaker 4: but the Chinese government is not our friend. We just
• 38:23
  Speaker 4: have to understand that. And the sooner we cut China
• 38:28
  Speaker 4: out of all our critical supply chains, the better for
• 38:31
  Speaker 4: our long term national security.
• 38:35
  Speaker 2: You're not wrong. I want to just pick you up
• 38:37
  Speaker 2: two on one issue related to South Australia and the
• 38:41
  Speaker 2: voice that they're brought in down there, giving your advocacy
• 38:44
  Speaker 2: to oppose a voice at a national level tomorrow we'll
• 38:46
  Speaker 2: see in the South Australian Parliament the inaugural presentation from
• 38:52
  Speaker 2: the Essay Voice Group. Now this will be the first
• 38:55
  Speaker 2: for any parliament in Australia. They will present their view
• 39:00
  Speaker 2: of the world. They are also given the capacity this
• 39:03
  Speaker 2: group the Voice to question the Cabinet, to also question bureaucrats.
• 39:09
  Speaker 2: It's almost like a parallel parliamentary sort of body in
• 39:12
  Speaker 2: our sixty four percent of South Australians rejected the Voice
• 39:17
  Speaker 2: at a national level. Why are we persisting with this?
• 39:24
  Speaker 4: It's certainly a privileged lobbying that's being accorded to this
• 39:29
  Speaker 4: body that was elected by I think less than ten
• 39:33
  Speaker 4: percent of the Aboriginal population of South Australia. Look, I
• 39:39
  Speaker 4: think that the Labor Party state in federal has got
• 39:44
  Speaker 4: to understand that no means no. They should listen to
• 39:49
  Speaker 4: the overwhelming verdict of the Australian people last October we
• 39:55
  Speaker 4: are against separatism, and good on the State Coalition opposition
• 40:02
  Speaker 4: for having the backbone to say that should they be
• 40:05
  Speaker 4: in office, they will repeal this legislation.
• 40:10
  Speaker 2: All right, happy and Holy Christmas, Tony, haven't you going
• 40:13
  Speaker 2: to do any fibergo duty over the break?
• 40:17
  Speaker 5: Look?
• 40:19
  Speaker 4: I will do my best to serve and as always
• 40:23
  Speaker 4: we hope that it's not necessary. But I'm sure that
• 40:26
  Speaker 4: the tens of thousands of New South Wales Rural Fire
• 40:29
  Speaker 4: Service volunteers and the volunteers for the other state and
• 40:32
  Speaker 4: territory services will be standing by this summer.
• 40:37
  Speaker 2: All right, we'll leave it there, thanks, Tony, see you soon.
• 40:40
  Speaker 2: All right, after break. The shakeup of our national electricity market,
• 40:43
  Speaker 2: all that talk of our hot summer. We'll get into
• 40:45
  Speaker 2: that with christ Yellman. Plus, you know Lave's got a
• 40:47
  Speaker 2: problem and in one of its unions is trashing their
• 40:50
  Speaker 2: record when it comes to local investment in win turbines.
• 40:54
  Speaker 2: If most of the money now going offshore? All right,
• 41:01
  Speaker 2: some Trump legal news in a moment. We'll get into
• 41:05
  Speaker 2: that with my international panel. But first, the government's pointed
• 41:08
  Speaker 2: if panel of its own experts to overhaul the operating
• 41:11
  Speaker 2: rules for the national electricity market. One of them has
• 41:14
  Speaker 2: declared nothing is off the table. To Nelson, a former
• 41:18
  Speaker 2: senior AGL Energy executives one of the panel of four,
• 41:22
  Speaker 2: and believes there should be incentives for generators to invest
• 41:25
  Speaker 2: in new gas plants, battery storage and pumped hydro to
• 41:29
  Speaker 2: back up renewables. The panel's gotten to the end of
• 41:32
  Speaker 2: next year to make a whole lot of recommendations to
• 41:34
  Speaker 2: state and federal energy ministers. Joining me now, the guy
• 41:38
  Speaker 2: who had that brilliant doco last week, Sky News contributor
• 41:41
  Speaker 2: Chris Yelman, Well, just on that, Chris. It was a
• 41:44
  Speaker 2: cracker of a program because we've often talked here how
• 41:47
  Speaker 2: complex it is and governments don't want people to understand electricity.
• 41:52
  Speaker 2: I think you made it so beautifully clear and transparent
• 41:55
  Speaker 2: last week, or credit to you. Let's go to that
• 41:58
  Speaker 2: review now. Is this it's all intactic? Do you think
• 42:01
  Speaker 2: by the government to get them through the election, have
• 42:03
  Speaker 2: this review change all the rules. Potentially it's not until
• 42:07
  Speaker 2: next year that even we get the report let alone
• 42:10
  Speaker 2: do anything.
• 42:13
  Speaker 11: Yeah, they were always going to review the marketplace. And
• 42:15
  Speaker 11: don't forget that. The national electricity market is two things.
• 42:17
  Speaker 11: It's a physical grid and it's a financial market where
• 42:20
  Speaker 11: the price of electricity is settled every single well every
• 42:23
  Speaker 11: five minutes. And what's happening to the marketplace is the
• 42:26
  Speaker 11: same thing that's happening to the physical grid. It's being
• 42:28
  Speaker 11: destroyed by parasitical power and that is wind and solid
• 42:31
  Speaker 11: So in the physical marketplace. That power can only exist
• 42:34
  Speaker 11: if it exists on a host at the moment that
• 42:36
  Speaker 11: is coal, and it is gas, and eventually it will
• 42:38
  Speaker 11: be gas and it will be pumped hydro and it
• 42:40
  Speaker 11: will be batteries. But in the marketplace it kills the host.
• 42:44
  Speaker 11: And how does it do that? Well, when it does generate,
• 42:47
  Speaker 11: it does generate very low. In fact, the prices in
• 42:49
  Speaker 11: the marketplace can go negative, mostly during the middle of
• 42:52
  Speaker 11: the day when you don't need that power, and then
• 42:54
  Speaker 11: at the end of the day when you do need it.
• 42:55
  Speaker 11: That's when the coal fire generators have to have to
• 42:58
  Speaker 11: gear up and the gas fire generators have gear up.
• 43:00
  Speaker 11: But what happens through the course of the day is
• 43:02
  Speaker 11: that those generators are basically forced out of the marketplace
• 43:05
  Speaker 11: and are having to trade on negative money. Now, of
• 43:08
  Speaker 11: course wind and Sola can keep going because they've got
• 43:10
  Speaker 11: government subsidies, and they also clean up at the other
• 43:12
  Speaker 11: end of the marketplace because they get to bid in
• 43:14
  Speaker 11: first when the prices are high, and they get paid
• 43:16
  Speaker 11: whatever the price in the marketplace is. So, of course
• 43:19
  Speaker 11: we do need to look at this marketplace. This marketplace
• 43:21
  Speaker 11: is broken, broken for the same reason the physical marketplace
• 43:24
  Speaker 11: is broken. But I tell you what, if we're going
• 43:26
  Speaker 11: to encourage gas in the marketplace, we should have done
• 43:28
  Speaker 11: it in twenty twenty two when the Energy Security Board
• 43:30
  Speaker 11: recommended that the Capacity Investment scheme have gas in it.
• 43:35
  Speaker 11: But guess what, the Energy Minister's decided gas would not
• 43:38
  Speaker 11: be in it. So at some stage they're going to
• 43:41
  Speaker 11: have to have that come to Jesus moment and give
• 43:43
  Speaker 11: some encouragement to get gas in the marketplace, because why
• 43:46
  Speaker 11: because their system won't work without it.
• 43:51
  Speaker 2: AEMO the market regulators out there today, and this is
• 43:53
  Speaker 2: in New South Wales in particular, talking about you know,
• 43:57
  Speaker 2: lots of hot weather demand on the system. Jesus terrible.
• 44:01
  Speaker 2: We could have blackouts, God forbid. In a resource rich
• 44:03
  Speaker 2: country like Australia, even these warnings, don't turn your AC on,
• 44:08
  Speaker 2: don't turn it down low. I mean when I grew
• 44:11
  Speaker 2: up in Australia, it was a point of principle when
• 44:13
  Speaker 2: someone got an AC system. When we got one in
• 44:16
  Speaker 2: the Mallet, we thought we were as rich as Creasus,
• 44:19
  Speaker 2: and now we're making ourselves energy poor. I just think
• 44:23
  Speaker 2: it's crackers.
• 44:26
  Speaker 11: Oh, I couldn't agree with you, Moll Peter. I think
• 44:28
  Speaker 11: that it's an absolute national scandal. And what's happening is
• 44:31
  Speaker 11: we're being put on a pathway to poverty. And start
• 44:34
  Speaker 11: listening to some of the language that will come out
• 44:36
  Speaker 11: of places like a email and the government, you'll hear
• 44:38
  Speaker 11: what's called demand management. What does that mean? It means blackouts.
• 44:42
  Speaker 11: It means that you'll be asked to turn your equipment
• 44:44
  Speaker 11: down or it will be turned off by the government
• 44:46
  Speaker 11: in the end, and industry will be asked to shut down.
• 44:50
  Speaker 11: So what we're doing at the moment is creating electricity
• 44:52
  Speaker 11: system which will not serve the needs of the country.
• 44:55
  Speaker 11: And I genuinely don't believe that people fully understand what's happening.
• 45:00
  Speaker 11: We are fiddling with the country's central nervous system. Without electricity,
• 45:04
  Speaker 11: everything will cease to function.
• 45:06
  Speaker 5: It's not a commodity.
• 45:07
  Speaker 11: It shouldn't be treated in the other ways that the
• 45:10
  Speaker 11: commodities are. This is an essential service and we're conducting
• 45:13
  Speaker 11: a grid scale experiment on it, and the people who
• 45:15
  Speaker 11: are conducting the experiment are doing brain surgery with no
• 45:19
  Speaker 11: idea how the system actually works.
• 45:23
  Speaker 2: With a button knife, I'd say, Chris, keep it going.
• 45:25
  Speaker 2: I'll tell you what you're starting to absolutely cut through
• 45:28
  Speaker 2: and this will be a huge issue at the coming election.
• 45:31
  Speaker 2: Thank you again. After the break and big wins for
• 45:33
  Speaker 2: Donald Trump, two major legal cases are dropped, plus UK
• 45:36
  Speaker 2: voters accuse the Labor government of breaking election promises and
• 45:40
  Speaker 2: a shock petition to the House of Commons. I'll explain
• 45:43
  Speaker 2: that in a moment. All right, let's bring you my
• 45:48
  Speaker 2: international pan on our skin is contributed Koshagada, past chair
• 45:52
  Speaker 2: of the Parliament's Fign Affairs Defense Committee. Michael Danby he
• 45:54
  Speaker 2: joins us from Asia. I want to start, if we can,
• 45:57
  Speaker 2: with these legal challenges. These were in relation to claims
• 46:02
  Speaker 2: that Donald Trump had conspired to overturn the twenty twenty
• 46:06
  Speaker 2: election and mishandling of classified documents. Both of these have
• 46:10
  Speaker 2: been dropped. Michael, do you think this is the end
• 46:13
  Speaker 2: of legal warfare against the President elect?
• 46:19
  Speaker 8: I think it contributed to his victory. Peter assassinations law fair.
• 46:26
  Speaker 8: People don't have Trump arrangement syndrome. Thought this was very unfair,
• 46:30
  Speaker 8: and I think it is the end of his legal challenges.
• 46:33
  Speaker 8: It's quite so. I have to agree with MSNBC or
• 46:37
  Speaker 8: CNN who said it's quite an exciting, ideologically diverse cabinet.
• 46:41
  Speaker 8: I'm actually interested to see what they all do. So
• 46:45
  Speaker 8: I think all of this is behind us. It shows
• 46:48
  Speaker 8: that in any democratic society people do not appreciate venezuela
• 46:52
  Speaker 8: type use of law against political opponents, and you should
• 46:57
  Speaker 8: conduct political arguments through politics.
• 47:02
  Speaker 2: Yeah, there's a big brains, big personalities, lots of egoes.
• 47:06
  Speaker 2: I am. I'm going to love this ringside seat we're
• 47:09
  Speaker 2: all going to have after January twenty one. Some of
• 47:11
  Speaker 2: the big policies he's already put on the table. These
• 47:14
  Speaker 2: are well, you know, he's not going to miss his
• 47:17
  Speaker 2: here kosher. He wants the military to carry out mass
• 47:20
  Speaker 2: deportations of anyone who's in the country undocumented. Does even
• 47:25
  Speaker 2: talk of an executive order that would see all transgender
• 47:28
  Speaker 2: members of the US military medically discharged. What do you
• 47:33
  Speaker 2: make of it? All?
• 47:34
  Speaker 12: You know, he is developing his plans to execute on
• 47:37
  Speaker 12: the mandate that he has been handed. He talked about
• 47:39
  Speaker 12: all of these things. Of course, Master de protetions was
• 47:42
  Speaker 12: and remains his signature issue. He's going to be met
• 47:44
  Speaker 12: with resistance every step of the way, from judges, from
• 47:47
  Speaker 12: the media, maybe even from the legislative branch. So buckle
• 47:51
  Speaker 12: up because it's not going to be smooth sailing, but
• 47:53
  Speaker 12: public sentiment and support for it is that an all
• 47:55
  Speaker 12: time higher when they're as high as forty million potentially
• 47:58
  Speaker 12: illegals in the country. So I do think it's going
• 48:00
  Speaker 12: to be something he really pushes. I think also the
• 48:02
  Speaker 12: DEI and all of that, anything that he can do
• 48:04
  Speaker 12: just through executive order for departments that roll up into
• 48:07
  Speaker 12: him will be technically a little bit easier, and I
• 48:09
  Speaker 12: think his picks are people who support that.
• 48:11
  Speaker 2: And then the third one really quickly that.
• 48:13
  Speaker 12: I would add is on the back of the Lawfair,
• 48:15
  Speaker 12: the DOJ and the incoming Attorney General Pambondi. She has
• 48:19
  Speaker 12: her work cutout for her actually to potentially investigate some
• 48:22
  Speaker 12: of the roughshod that was run with this Lawfair, because
• 48:24
  Speaker 12: there are lots of norms and potential legalities that have
• 48:27
  Speaker 12: been violated, and sweeping it under the RUG I don't
• 48:29
  Speaker 12: think is going to cut it, because a lot of
• 48:30
  Speaker 12: people want to make sure that this never happens again,
• 48:32
  Speaker 12: and that's going to be another big part of his agenda.
• 48:34
  Speaker 2: Also, I want to go to the UK. We've been
• 48:36
  Speaker 2: talking here about farmers speaking out against these inheritance taxes
• 48:40
  Speaker 2: or basically death taxes. They say it could threaten food
• 48:44
  Speaker 2: security and the sector. But Michael, what's interesting here? There's
• 48:48
  Speaker 2: been a petition. Now, under the UK parliamentary rules, if
• 48:53
  Speaker 2: one hundred thousand people sign a petition, that petition has
• 48:56
  Speaker 2: to be debated on the floor of the Commons. This
• 49:00
  Speaker 2: is a petition that says you must call a general election,
• 49:04
  Speaker 2: and it's got two point five million signatures. I don't
• 49:08
  Speaker 2: think we've ever seen a government start so poorly, have we.
• 49:15
  Speaker 5: Never?
• 49:16
  Speaker 8: I think charging older people on the edge of winter
• 49:20
  Speaker 8: more for their heating as a sign of a labor
• 49:23
  Speaker 8: party that's gone mad and lost it's touch with reality.
• 49:27
  Speaker 8: Now this petitional result in nothing. They've got a huge
• 49:30
  Speaker 8: majority of over four hundred, doesn't force them to an election,
• 49:34
  Speaker 8: but does get them a debate, and it confronts us
• 49:37
  Speaker 8: all with the issue of is fixed terms parliament in
• 49:42
  Speaker 8: the UK five years in Victoria's case, four years.
• 49:46
  Speaker 5: A good thing?
• 49:46
  Speaker 8: Or would be better to go back to the old
• 49:48
  Speaker 8: system of more flexible terms.
• 49:52
  Speaker 2: Yeah, I'm not in love with fixed terms. I'm happy
• 49:55
  Speaker 2: with a four year term only three is two shortly
• 49:56
  Speaker 2: and five too long. But I don't like fixed coach,
• 49:59
  Speaker 2: you g what's interesting here? I mean he's up against
• 50:01
  Speaker 2: Kevy Badnock and at the dispatch box she's pretty strong.
• 50:07
  Speaker 12: He hasn't come across on top of the problem with
• 50:09
  Speaker 12: the policies and everything else. Has communication as well, isn't
• 50:12
  Speaker 12: exactly inspirational and anything coming up against her.
• 50:15
  Speaker 2: That's another deficit for him.
• 50:16
  Speaker 12: And his approval rating has dropped forty three points from
• 50:19
  Speaker 12: the high with which he came in, So he's swimming upstream.
• 50:22
  Speaker 12: But for now I think he's dodging the bullet a
• 50:24
  Speaker 12: little bit with the petition not being enough to call
• 50:26
  Speaker 12: an election, but he's not trending in the right direction.
• 50:29
  Speaker 2: I'll just make a point to my view as we
• 50:31
  Speaker 2: will be back on air from about the thirteenth of January.
• 50:34
  Speaker 2: Certainly Peter Kredlin will and the show, and that will
• 50:36
  Speaker 2: be in plenty of time to have a good close
• 50:38
  Speaker 2: look at the inauguration on the twentieth. Thank you Kosher,
• 50:41
  Speaker 2: Thank you Michael. That's it for me. Tonight's see you
• 50:44
  Speaker 2: tomorrow at six o'clock. Andrew Bolt up next.