Transcript

Credlin | 3 February · Credlin

0:02
Speaker 1: Peter Kramba live on Sky News Australia.
0:08
Speaker 2: Good evening, Welcome to the programs. What's coming up tonight
0:10
Speaker 2: on Fredline? More leaking today, Leaking from a sinking ship.
0:15
Speaker 2: Details emerging from that Lee Little Proud meeting overnight. The
0:18
Speaker 2: two parties seemingly at a stalemag as the Nationals reject
0:22
Speaker 2: Lee's ultimatum to sinbin three of their.
0:25
Speaker 3: Own the next six months.
0:28
Speaker 2: Despite consumers making it pretty clear that I'm interested in
0:31
Speaker 2: electric vehicles, Labour's persisting using millions of your money to
0:36
Speaker 2: give discount loans to Korean only companies.
0:40
Speaker 3: There's a lot to this story.
0:42
Speaker 2: Motoring experts coming up Plus Live the UK will speak
0:45
Speaker 2: to the UNI student has been taking, who has taken
0:47
Speaker 2: the left wing head on, setting up for a form
0:50
Speaker 2: UK group on campus now. He's part of a growing
0:53
Speaker 2: group of young people not just in the UK here
0:56
Speaker 2: in Australia as well, who are fed up with a
0:58
Speaker 2: state of free speech on the unique campus and they're
1:01
Speaker 2: demanding change. And Jim Chalmers tries to dodge blame today
1:05
Speaker 2: for the rate Hikeers experts blamed inflation. Australia's runaway inflation
1:11
Speaker 2: made worse by government spending.
1:14
Speaker 4: Schools of economists have linked higher inflation and interest rates
1:19
Speaker 4: to this government's spending spree treasurer As mortgage holders are
1:23
Speaker 4: hit with their thirteenth interest rate rise under labor, will
1:27
Speaker 4: you now finally take responsibility at first?
1:33
Speaker 2: Today the normal parliamentary sitting day of the year got underway,
1:38
Speaker 2: and as is now customary, it began with a church
1:42
Speaker 2: service for MPs. But even coming out of the church,
1:45
Speaker 2: there's no hiding the Prime Minister's smug triumphalism. Here he
1:50
Speaker 2: is able to just blast away at the opposition, rather
1:53
Speaker 2: than needing to justify his own government's poor performance, whether
1:57
Speaker 2: it's on national security or economic management.
2:00
Speaker 5: What has been extraordinary over recent works, as we've seen,
2:05
Speaker 5: is that the coalition are fighting each other with the
2:09
Speaker 5: same energy they used to reserve for fighting our cost
2:13
Speaker 5: of living measures, fighting against our tax cuts, fighting against
2:16
Speaker 5: our energy rebuts.
2:19
Speaker 2: I mean, he's just like he's good mate, Kevin. Right,
2:21
Speaker 2: isn't he playing politics out the front of a church
2:26
Speaker 2: almost as cocky as he was yesterday when he brought
2:28
Speaker 2: cameras into the carcus room.
2:31
Speaker 5: I note that married at first sight begins tonight, and
2:41
Speaker 5: it's a bit like that with the relationships on the
2:44
Speaker 5: other side, you know they're going to end badly. You
2:47
Speaker 5: know there's going to be cheating involved, and they're going
2:51
Speaker 5: to be not trueful to each other.
2:56
Speaker 2: Honestly, where have the adults gone from politics? Really have
3:01
Speaker 2: such a low rent operator running the country. I mean,
3:03
Speaker 2: I think it's embarrassing. Is government is a shocker. I
3:07
Speaker 2: think it's the worst I can remember. But it gets
3:10
Speaker 2: away with it because it's under no pressure from an
3:13
Speaker 2: opposition that's making a spectacle of itself, with the Liberals
3:17
Speaker 2: and Nationals today formally sitting apart in the Parliament as
3:21
Speaker 2: they will every day until the coalition rift is healed.
3:26
Speaker 2: Today from two o'clock during question time the official opposition,
3:29
Speaker 2: which is now just the Liberals, got five questions only
3:34
Speaker 2: rather than the usual seven, meaning they could hardly land
3:37
Speaker 2: a blow even on a government that's to blame for
3:40
Speaker 2: interest rate pain that's on its way for almost every
3:44
Speaker 2: Australian Prime minister.
3:46
Speaker 6: What does it say about Labour's economic incompetence when its
3:50
Speaker 6: own Treasury secretary is voting to lift rates.
3:53
Speaker 3: I do encourage my people do not yell out time.
3:56
Speaker 5: There's enough behind her doing that.
3:57
Speaker 3: At the moment Wow.
4:03
Speaker 2: Labour to day was having a field day with the
4:06
Speaker 2: cheap shots and the undergraduate humor. And while the clowns
4:10
Speaker 2: can try and deflect all they like, the higher rates
4:13
Speaker 2: announced today are the product of higher inflation, and that's
4:17
Speaker 2: the product of too much government spending.
4:20
Speaker 3: And higher interest rates don't.
4:22
Speaker 2: Just hit those with the mortgage, They cascade through the economy,
4:26
Speaker 2: hitting everyone from renters to pensioners. Interest rates are not
4:31
Speaker 2: going out because of Scott Morrison or Michelle Bullock or
4:34
Speaker 2: the Ukraine War, all Labour's excuses in the past. They're
4:38
Speaker 2: going out because of this government's response to every problem
4:43
Speaker 2: being higher spending and ever more money slopping around in
4:47
Speaker 2: an inefficient and unproductive economy just drives up prices. The
4:51
Speaker 2: Treasurer fig jam Jim Chalmers keeps boasting about his brilliant
4:56
Speaker 2: economic management and all the savings he's made, Like the
5:00
Speaker 2: twenty five billion though he spent for state run hospitals.
5:04
Speaker 3: He put that out last Friday.
5:06
Speaker 2: Then there's the extra four billion dollars or so for
5:09
Speaker 2: the Thriving Kids program, supposedly to get mildly autistic youngsters
5:14
Speaker 2: off the ndis a program that's so badly run. It's
5:17
Speaker 2: now costing us more than our entire defense budget. The
5:21
Speaker 2: latest mad cap scheme from this economically illiterate and innumerate
5:25
Speaker 2: government is a loan scheme to help boost.
5:28
Speaker 3: The take up of electric cars.
5:30
Speaker 2: This is the latest Bowen boondoggle, a plan to give
5:34
Speaker 2: discounted repayments to people buying on high En Day or
5:37
Speaker 2: a Kia EV, worth some nineteen hundred dollars over the
5:42
Speaker 2: life of a typical car loan. This is on top
5:45
Speaker 2: of the EV fringe benefit, its tax exemption, now reported
5:50
Speaker 2: to be costing hundreds of millions of dollars a year.
5:53
Speaker 2: But nailing this government forget another spending spree, fully two
5:57
Speaker 2: percent of GDP now being spent on total government spending. Well,
6:03
Speaker 2: that will remain almost impossible until the coalition's reformed and
6:07
Speaker 2: the Liberal leadership is resolved. In yesterday's Redbridge polls, Susan
6:12
Speaker 2: Leed's approval rating tanked to just ten percent, the lowest
6:17
Speaker 2: on record for any opposition leader the coalition combined with
6:21
Speaker 2: the Nationals, even though it doesn't exist anymore. The libor
6:24
Speaker 2: National vote well, that was just nineteen percent of primary
6:27
Speaker 2: But it's not that Labour's doing well either. Labour's primary
6:31
Speaker 2: votes just thirty four percent, and in terms of preferred
6:35
Speaker 2: PM Alban Easy is just thirty seven percent. Now sure,
6:40
Speaker 2: miles better than Susan Leon nine percent. But the biggest
6:43
Speaker 2: block of votes isn't for him or the Liberal leader.
6:47
Speaker 2: It's a combine forty six percent people voting for either
6:51
Speaker 2: neither or I'm unsure. And doesn't that just say everything
6:57
Speaker 2: a pox on both their houses? Plainly, it won't be
7:01
Speaker 2: enough for the Liberals to simply change their leader, even
7:04
Speaker 2: though Angus Taylor's seventy percent unsure rating is at least
7:09
Speaker 2: an opportunity to have the chance to make a positive impression.
7:14
Speaker 2: But he won't do that if he takes the advice
7:16
Speaker 2: banned around by some who should know better to take
7:20
Speaker 2: the Liberals back to the middle ground, for the Liberal
7:23
Speaker 2: Party to move to the left, and he won't do
7:26
Speaker 2: well either if he's vanilla. The problem is that Liberals
7:31
Speaker 2: are not either too soft or too hard. It's just
7:34
Speaker 2: that they've been too bland for too long. They have
7:37
Speaker 2: failed to stand for anything. Liberal National Party votes are
7:42
Speaker 2: not hemorrhaging to one nation because the Liberals have gone
7:45
Speaker 2: to right wing. If anything, it's because they haven't been
7:49
Speaker 2: right wing enough. I mean, can anyone name a single
7:53
Speaker 2: Liberal Party policy that's right wing, especially now that even
7:56
Speaker 2: the Europeans are walking back from zero take immigration. The
8:01
Speaker 2: red Bridge poll says that by far the best party
8:04
Speaker 2: to handle immigration voters think is actually One Nation. Just
8:08
Speaker 2: sixteen percent nominate Labor, seventeen percent only nominate the Coalition.
8:14
Speaker 2: And let's not forget John Howard Tony Abott. They stopped
8:16
Speaker 2: the votes and are whopping thirty four percent nominate One Nation,
8:21
Speaker 2: a party whose leader has been saying for thirty years
8:24
Speaker 2: that immigration's far too high. Now doesn't that tell you
8:28
Speaker 2: what Australians want? I mean, the last thing the Liberals
8:32
Speaker 2: should do if they want to claw back votes from
8:34
Speaker 2: One Nation is become teal light. If Amas Taylor is
8:39
Speaker 2: to succeed as leader, should there be a change, well
8:42
Speaker 2: he'll have to come out fighting from day one. He
8:46
Speaker 2: can't wimp out, as Peter Dutton did. Not fighting for
8:49
Speaker 2: the Liberals energy policy, not fighting against record high immigration,
8:52
Speaker 2: not fighting against Labour's capital gains, tax policy, not pointing
8:57
Speaker 2: out that under Labor real living standards of declined faster
9:01
Speaker 2: and more than anywhere else in the OCD Australians desperately
9:07
Speaker 2: need a government, a better government. But to get that
9:11
Speaker 2: first they need a better Liberal party and one that's
9:15
Speaker 2: actually prepared to fight. All right, let's get their headlines now,
9:22
Speaker 2: Sky on his political reporter Cam Redd.
9:24
Speaker 3: It good evening.
9:26
Speaker 7: The Reserve Bank has delivered its first interest rate rise
9:29
Speaker 7: in more than two years.
9:31
Speaker 8: The board decided to raise the cash rate by twenty
9:33
Speaker 8: five basis points to three point eight five percent. And
9:36
Speaker 8: I understand that people with mortgages find that hard, but
9:40
Speaker 8: the alternative is potentially even harder. I have a mortgage,
9:43
Speaker 8: so it will be going up.
9:44
Speaker 2: I was quite enjoying the fact of that gone down
9:46
Speaker 2: for a small period after being up so high.
9:48
Speaker 3: And we understand the pressure that this puts in.
9:51
Speaker 7: Australian families are divided. Opposition trying to pin the blame
9:55
Speaker 7: on government spending.
9:57
Speaker 4: I can't hear it back there.
9:59
Speaker 3: They pile on more costs, they pile on more debt.
10:01
Speaker 7: Talks between the Liberal and National leaders to reunite the
10:04
Speaker 7: coalition have so far proven fruitless. The parties remain divided
10:09
Speaker 7: and talks to bring them back together are progressing slowly.
10:12
Speaker 1: We'll be constructive and so ongoing and We'll continue to
10:15
Speaker 1: work through it.
10:15
Speaker 3: Both sides willing to compromise, We.
10:17
Speaker 9: Will work through those.
10:18
Speaker 3: Always hope for coalition reunion. I hope so, I hope. So.
10:28
Speaker 7: The split also means a change to question time. The
10:31
Speaker 7: Liberals will be cut to just five questions between them,
10:34
Speaker 7: with another five distributed amongst the cross bench, including the
10:38
Speaker 7: fourteen Nationals. Cameron Reddin's Sky News Canberra in.
10:43
Speaker 2: Recent times, all right, let's stick with canbra and that
10:47
Speaker 2: first question time since the coalition split, joining me own
10:50
Speaker 2: and discuss, said to our political editor Andrew Clenell Well. Andrew,
10:53
Speaker 2: I was going to say welcome back for twenty twenty six,
10:55
Speaker 2: but of course we've already had that week where the
10:58
Speaker 2: coalition split over those.
10:59
Speaker 3: Hate speech laws. Will stay with that issue.
11:02
Speaker 2: You had that leak out of the meeting last night
11:05
Speaker 2: between the two leaders where we're told the Liberal leader
11:08
Speaker 2: issued and Nats counterpart this ultimatum. But yes, they possibly
11:12
Speaker 2: can get back together again. But as punishment, those three Nats,
11:17
Speaker 2: those three NAT senators who voted against the hate speech laws,
11:20
Speaker 2: have got to stay in the freezer for the next
11:23
Speaker 2: six months now. Apparently that was then taken back to
11:26
Speaker 2: the NATS party room in another meeting today didn't go
11:29
Speaker 2: down well with those surprises there. I've you know, having
11:33
Speaker 2: worked in that building. I think it's completely unworkable. I mean,
11:36
Speaker 2: what do you do with those roles Susan McDonald for instance,
11:39
Speaker 2: resources you fill it with someone else, a stopgap for
11:42
Speaker 2: six months. Industry won't take you seriously. What happens to
11:46
Speaker 2: the staff, what happens to all the policy work that's
11:49
Speaker 2: supposed to happen during that time. I just think it's
11:52
Speaker 2: as stupid as it gets.
11:56
Speaker 10: Well, the staff could go to another office and then
11:59
Speaker 10: return to the the shadow, I guess, just way too long.
12:03
Speaker 2: If Younts can't go away for a liberal and then
12:06
Speaker 2: come back then work like that.
12:08
Speaker 10: Yeah, well we make a little proud of someone else
12:10
Speaker 10: the acting shadow, you know, if you if you're reunifying.
12:18
Speaker 10: But yeah, that's why it's unworkable, because then that's also
12:20
Speaker 10: we don't want to have three less positions for six months.
12:23
Speaker 10: And maybe if they maybe if you'd said a month,
12:25
Speaker 10: that would have worked. I don't know, but yeah, my
12:28
Speaker 10: understanding is that that's aren't kind to accept that deal.
12:31
Speaker 10: So it's a pretty intractable situation. And the crazy thing
12:36
Speaker 10: about it is if Angus Taylor replaces Susan Lee as leader,
12:39
Speaker 10: of course he'll reinstate them, so susainly guess there's an
12:43
Speaker 10: argument she may as well.
12:46
Speaker 2: So doesn't this make a challenge by the end of
12:50
Speaker 2: the fortnight from Taylor almost inevitable?
12:55
Speaker 10: No, I wouldn't go that far. I think there's a
12:57
Speaker 10: strong chance, but it's ultimately going to be determined by numbers.
13:01
Speaker 10: So he has to peel off a couple of people,
13:04
Speaker 10: and I'm not sure he's done that yet. So he's
13:09
Speaker 10: hoping I think that a week of this divided opposition
13:13
Speaker 10: in the Parliament will get some of his wavering colleagues
13:18
Speaker 10: to change their minds and come to him. But it's
13:21
Speaker 10: a numbers game, right, There's no point in him challenging
13:23
Speaker 10: if he hasn't got the numbers yet. So I think,
13:26
Speaker 10: you know, we'll probably see the challenge in the next
13:28
Speaker 10: six weeks. There's a good chances next week.
13:34
Speaker 3: Okay.
13:34
Speaker 2: So she's started out with a thirty one primary from
13:37
Speaker 2: the election result last year, which we all thought was diabolical.
13:41
Speaker 2: She's now at a seventeen percent primary. I mean, how
13:44
Speaker 2: low do they need to go for someone's just prepare
13:48
Speaker 2: to say the lady doesn't have it.
13:52
Speaker 10: Well, we'll get a news poll which is the one
13:54
Speaker 10: they take the most seriously likely next week, and yeah,
13:56
Speaker 10: that could decide it. That could lead to a challenge
13:58
Speaker 10: as for sure.
14:01
Speaker 2: What about those comments that I'll play them a bit
14:03
Speaker 2: later on from Simon Kennedy and others saying we actually
14:06
Speaker 2: want to stand apart. We think it's good for the
14:08
Speaker 2: Liberals to be on their own for a while. I
14:11
Speaker 2: think that's madness. But he's a Sydney urban MP. Do
14:16
Speaker 2: you think others have got that view?
14:22
Speaker 10: Yeah, not the majority, I would say, but some. But
14:28
Speaker 10: he probably wants a shadow portfolio, right, So you've got
14:30
Speaker 10: to You've got to back the horse called self interest.
14:33
Speaker 10: That's what that would be about, Simon Kennedy.
14:35
Speaker 2: I imagine, Yeah, what's you read of the Bonati bottom
14:40
Speaker 2: one is not everyone's I just want to make this point, Peter.
14:45
Speaker 10: Not everyone's convinced about Angus Taylor. So Susan Lee might
14:49
Speaker 10: be going terribly but not everyone's convinced Angus Taylor would
14:53
Speaker 10: do a better job. And you know, you do wonder
14:56
Speaker 10: if Hasty was worth the risk. We'll find out. I
14:59
Speaker 10: guess it's up to Angus if he gets there to
15:01
Speaker 10: prove some people wrong.
15:05
Speaker 3: I would you just on that.
15:06
Speaker 2: Let's pull that apart, because if Hasty clearly didn't have
15:09
Speaker 2: the numbers, and he knew that from a ring around
15:11
Speaker 2: within about twenty four hours last week and he pulled out,
15:14
Speaker 2: you know, they met on the Thursday, pulled out on
15:16
Speaker 2: the Friday. If it's not Angus, and blind Freddy can
15:20
Speaker 2: see that they're languishing in the polls and that they're
15:22
Speaker 2: just falling further and faster.
15:25
Speaker 3: If it's not Angus, who is it, then.
15:29
Speaker 10: Well why not roll the dice on Hasty? You know,
15:33
Speaker 10: That's what I'm wondering. If you're going to try and
15:35
Speaker 10: get one nation vote, isn't he a better option than Angus?
15:39
Speaker 10: That's what I question. If Angus gets there and he
15:42
Speaker 10: doesn't shift that one nation vote, you know, there's a
15:47
Speaker 10: lot of pressure on him if he gets there, that's
15:50
Speaker 10: for sure. You know, I don't see Angus Taylor is
15:55
Speaker 10: some sort of messiah. I don't think anyone does. Dangus.
16:03
Speaker 3: Well, we'll see, we'll see, we'll see.
16:05
Speaker 2: Bernardi today announced, you know, worst kept secret, of course,
16:10
Speaker 2: announced that he'll lead One Nation in the South Australian election.
16:13
Speaker 3: Campaign.
16:14
Speaker 2: The state election, of course, is next month in March.
16:17
Speaker 2: Better Melanowska Labor is unassailable, right, so we're not talking
16:22
Speaker 2: about them beating Labor. But they've got a new Liberal
16:27
Speaker 2: leader there, another first term MP. Her name is Ashton Hern.
16:31
Speaker 2: I spoke to a few people today and no one
16:34
Speaker 2: could really even name her, and they say they follow politics,
16:37
Speaker 2: So if they don't know her name, I suspect most
16:40
Speaker 2: of the electorate won't either. And we know Corey does
16:44
Speaker 2: have some brand recognition. We know the state's full of
16:47
Speaker 2: a whole lot of quirky voter mixes, the old family first,
16:50
Speaker 2: the old Xenophons and others.
16:54
Speaker 3: Give me your sense this will be the.
16:55
Speaker 2: First real test for one nation. Do you think they're
17:00
Speaker 2: going to make any sort of dint.
17:03
Speaker 10: I think they'll get an increased vote, but I think
17:06
Speaker 10: in a way it's not kind of the state for
17:09
Speaker 10: a true test of how they're going. I think certain
17:13
Speaker 10: parts of Melbourne, Victoria, the Victorian election, a w A election,
17:19
Speaker 10: and you certainly in New South Wales election, which isn't
17:21
Speaker 10: that far away, it's a year and a bit away well,
17:25
Speaker 10: and obviously a Queensland election would give you more of
17:28
Speaker 10: a guide, So if they have a poor result in
17:31
Speaker 10: South Australia, I wouldn't read much into that. I think
17:33
Speaker 10: Malanowskis is just going to dominate Ashton Hern Well, she's
17:38
Speaker 10: a brother, a sister of a very famous footballer for
17:40
Speaker 10: the West Coast Eagles. Unfortunately he's in the wrong he
17:43
Speaker 10: played in the wrong state, I guess, but that's that's
17:45
Speaker 10: probably how she's most known. She was just on Chris
17:48
Speaker 10: Kenny's show and she seems okay, but yeah, she's up
17:51
Speaker 10: against a giant killer in Malanowskis, so it's going to
17:55
Speaker 10: be very difficult. I don't think that's the test. I'm
17:58
Speaker 10: also surprised because there was widespread speculation and Alexantik did
18:03
Speaker 10: nothing to dampen it, that the announcement today didn't also
18:07
Speaker 10: involve Alexantik defecting, which given he's in the Parliament, would
18:10
Speaker 10: have been more newsworthy certainly nationally. Whereas Corey Bernardi, well
18:17
Speaker 10: he's had a quick as he Liberals and Australian Conservatives
18:20
Speaker 10: now is one nation he's just sort of recycles himself.
18:26
Speaker 2: I think Antik would be smart enough to watch this
18:28
Speaker 2: state result and that grouping.
18:30
Speaker 3: As I said, they're the conservative.
18:34
Speaker 2: Right, that non major party right family first Xenophon types,
18:41
Speaker 2: it was his name, Rex Patrick and others. I think
18:43
Speaker 2: he'll be waiting to see where they coaless if they
18:46
Speaker 2: coal less around one nation, and that's partly the antique base,
18:51
Speaker 2: it's partly the people that he talks to on a
18:53
Speaker 2: regular basis. I think he'll be watching that and taking
18:56
Speaker 2: some learnings from it. I completely agree with you though
18:59
Speaker 2: South Australia's not the true litmus test a Cosumaris was
19:03
Speaker 2: saying last night the real movement for one nations on
19:05
Speaker 2: the Eastern seaboard. But I think it'll be good for
19:09
Speaker 2: us as professionals to observe what's the back end of
19:13
Speaker 2: one nation look like. Are they getting better candidates, are
19:16
Speaker 2: they performing better in terms of manning booths, what's their
19:19
Speaker 2: social media reach, how do they campaign? And if that's
19:22
Speaker 2: looking slicker and more professional that in the past, then
19:27
Speaker 2: this will be a good training ground for them come
19:30
Speaker 2: the Victorian election in November. I'm going to talk to
19:33
Speaker 2: Warren Hogan about the rates increased today in a moment,
19:36
Speaker 2: but put the poor performing opposition to one side. What
19:41
Speaker 2: are the dangers of this rate rise for labor even
19:46
Speaker 2: though they feel unassailable in terms of the Parliament.
19:52
Speaker 10: Well that there's more. I mean, you can survive politically
19:55
Speaker 10: one rise, but if there's two more this year, as
19:58
Speaker 10: many economists think, you're in a world of paint and
20:01
Speaker 10: you're back to really I mean, it's easy to forget.
20:04
Speaker 10: But three years ago when the voice fell straight after
20:08
Speaker 10: it and there've been a bunch of raid hikes, you know,
20:11
Speaker 10: their vote sort of went with the rates a little
20:13
Speaker 10: bit at least, so they know that there's some danger
20:17
Speaker 10: to that. And I think on the economic front, what's
20:19
Speaker 10: really interesting the last couple of days, charm at first,
20:23
Speaker 10: charmers then al Benezi in the caucus talked up so
20:26
Speaker 10: called reform that means tax reform. I mean Andrew Charlton,
20:29
Speaker 10: the Cabinet secretaries in every hour, so in every cabinet
20:32
Speaker 10: meeting on politics. Now today he didn't deny it involve
20:36
Speaker 10: tax reform, you know. And Phil Curry from the finterview
20:39
Speaker 10: in the last hours put up a story speculating it
20:42
Speaker 10: could be changes to capital gains tax on housing. Now
20:45
Speaker 10: we know Jim Chalmers has wanted to do that. Perhaps
20:48
Speaker 10: that's less contentious than negative gearing and obviously, perhaps it
20:51
Speaker 10: can be grandfathered, but I reckon, he's floating that around
20:55
Speaker 10: the place. I reckon, So you know, and that's going
20:57
Speaker 10: to open up a debate, Well, are you prepared, you know,
21:02
Speaker 10: to do something about spending or are you just saying
21:05
Speaker 10: same old spending but tax everyone and dampen the economy
21:08
Speaker 10: that way to try and get inflation down and try
21:13
Speaker 10: and cure yourself of your terrible budget deficits. The hard
21:16
Speaker 10: work is cutting the spending. Like the ndis. The easy
21:20
Speaker 10: thing to do, in a sense, although it's not politically,
21:23
Speaker 10: is to increase tax. I have a feeling they're going
21:26
Speaker 10: to look at the latter. They're at least floating it
21:28
Speaker 10: now to see if it will work. Alben easy sometimes
21:32
Speaker 10: you know, taco is it? But I reckon they're looking
21:37
Speaker 10: at it now.
21:38
Speaker 2: That's housing tax, yes, but if you're worried about supply,
21:44
Speaker 2: the last thing you would do is alter the parameters
21:47
Speaker 2: on the capital gains tax discount, because that will cause
21:53
Speaker 2: investors perhaps we're changing out stock who were perhaps ready
21:57
Speaker 2: to retire and sell off the rental property or something else.
22:00
Speaker 2: Had They won't do that because they don't want to
22:03
Speaker 2: be hit with that. That heavy hit going in. Not
22:06
Speaker 2: they'll have to make some other accommodation. I mean, I
22:09
Speaker 2: think it would be much better to look at investment
22:12
Speaker 2: properties and limit that to a certain number, you know,
22:15
Speaker 2: maybe one or two per household, per per investor, you know.
22:19
Speaker 2: I mean the anger in the community is against the
22:21
Speaker 2: people that have got eight nine, ten, twelve and a
22:24
Speaker 2: copying a taxpayer discount. I'd be wary of a CGT change. Yeah.
22:30
Speaker 10: Well they could do that with CGT too, but you
22:34
Speaker 10: only get a discount on one investment property. But what
22:36
Speaker 10: you're talking about, I think, so you can't negatively gear
22:39
Speaker 10: like twenty properties. And that does make a lot of
22:42
Speaker 10: sense to me really, But I mean they obviously they
22:45
Speaker 10: would say, well where they would say it won't diminished
22:49
Speaker 10: supply because we've got all these owner occupy demand.
22:53
Speaker 3: But let's see, we'll see, we'll see. Thank you, Andrew.
22:58
Speaker 2: Right, let's got the latest exact ample of government wastis
23:01
Speaker 2: is taxpayer spending. The experts say it is government spending.
23:06
Speaker 2: The reason for today's rate increase, of course, and surprise
23:09
Speaker 2: a prize. It comes from the Energy Minister Chris Bow
23:11
Speaker 2: and he's going to throw sixty million dollars at a
23:14
Speaker 2: new discount loan scheme which you could see buyers savingly
23:18
Speaker 2: two thousand dollars at interest costs, but only if they
23:22
Speaker 2: buy an EV, and only if that electric vehicle is
23:27
Speaker 2: limited to the brands of Hyundai or Kia. Joining me now,
23:32
Speaker 2: senior journalist with Wheels Magazine, Paul Gover, So help me
23:36
Speaker 2: understand this.
23:37
Speaker 3: If you were going to tackle EV and.
23:40
Speaker 2: The fact that most punters don't want them, Those who
23:43
Speaker 2: want to buy one already have them, but they're not
23:44
Speaker 2: moving in the market, why would you limit it to
23:47
Speaker 2: just a couple of brands.
23:48
Speaker 11: Because it's easy. The government is flailing. This is to
23:52
Speaker 11: me a flailing policy. The people who are making all
23:55
Speaker 11: the running with electric vehicles are Chinese brands Kia and
23:59
Speaker 11: Hyundai South Korean. And it's one company, and it's effectively
24:04
Speaker 11: it's not even the car company, it's their finance company.
24:07
Speaker 11: If you're going to do this sort of thing, what's
24:09
Speaker 11: the number one brand in the country, Oh, that'll be Toyota.
24:12
Speaker 11: Does Toyota have a finance Now, yes, I can't understand
24:18
Speaker 11: why you would limit it to those two brands and
24:20
Speaker 11: one finance company.
24:22
Speaker 2: So my Machiavellian brand and brain is going. Has somehow
24:25
Speaker 2: labor received donations from this finance company. Is one of
24:29
Speaker 2: Bowen's mates or the Prime Minister's mates on the board.
24:32
Speaker 2: I mean it's bizarre, yes, to put it to a
24:34
Speaker 2: finance company and not say that maybe the whole population,
24:38
Speaker 2: do you buy an EV will give you all this
24:40
Speaker 2: This rebate the two thousand dollars rebate. But in this
24:43
Speaker 2: case the money is going basically to a finance company.
24:46
Speaker 11: Yes, correct, it is. And the other thing about this
24:48
Speaker 11: is that the other reason they're flailing is because everything
24:51
Speaker 11: they've done hasn't worked. People are not ready for electric cars.
24:54
Speaker 11: They don't want electric cars. You might remember mister Bowen
24:58
Speaker 11: famously came out and said, ik, it is the answer
25:00
Speaker 11: to all lay troubles. It's the Ford f one fifty
25:03
Speaker 11: Lightning when he was in America. Yes, that car was
25:06
Speaker 11: such a dismal failure that Ford have killed it. It
25:08
Speaker 11: no longer exists.
25:09
Speaker 2: And I think we've got a list to put up
25:10
Speaker 2: on the screen for people at home. You can see
25:13
Speaker 2: out of the top five cars in Australia, only one
25:16
Speaker 2: of them has an electric combonent.
25:18
Speaker 3: It's a hybrid. It's the suit a Red four.
25:20
Speaker 2: But all the others, the other four in that list
25:23
Speaker 2: are not just combustion cars. They are big cars, big trucks,
25:28
Speaker 2: suv types, aren't they.
25:29
Speaker 11: That's right, And you can't force people to buy something
25:32
Speaker 11: they don't want. You know, I can tell you the
25:35
Speaker 11: safety of a pickup truck, you know, these top sellers
25:38
Speaker 11: is not great. It's not as good as a small
25:40
Speaker 11: compact car. But people don't want to hear that. They
25:43
Speaker 11: want to buy what they want to buy, and right
25:44
Speaker 11: at the minute, they don't want to buy electric cars.
25:47
Speaker 6: Now.
25:47
Speaker 11: The other thing that happened is that they gave the incentive,
25:50
Speaker 11: the FBT incentive for electric vehicles.
25:52
Speaker 3: That's right.
25:52
Speaker 11: It blew out by eighteen times their estimate. Why because
25:57
Speaker 11: people who have plug in hybrids, which is a hybrid
26:01
Speaker 11: where you can plug it into the wall and have
26:03
Speaker 11: a bigger battery and still have a petrol yes, yes, yeah, right,
26:07
Speaker 11: So they came flooding in and sales of plug in
26:10
Speaker 11: hybrids went really well last year because that is what
26:13
Speaker 11: people are looking for. But the other thing is you
26:16
Speaker 11: don't have to provide proof that you ever plug it in,
26:19
Speaker 11: so you could buy one and just drive it around
26:21
Speaker 11: as astroka and in fact, in the UK, they gave
26:24
Speaker 11: a government there was a subsidy over there for company cars,
26:28
Speaker 11: and then they did the research. Couple of years later,
26:30
Speaker 11: seventy percent of people never plugged their plug in hybrid
26:34
Speaker 11: into the wall.
26:35
Speaker 2: Just quickly, I mean, give me a sense of what
26:37
Speaker 2: it's like around the world in terms of evs. What
26:40
Speaker 2: we're seeing in Australia sluggish pickup YEP take up Is
26:45
Speaker 2: that similar incomparable countries in terms of geography, Yes.
26:48
Speaker 11: It is in terms and also in terms of earnings,
26:51
Speaker 11: and Australia is a little bit different. We're more like
26:54
Speaker 11: America because we've got such vast differences and things. But
26:57
Speaker 11: if you look around the world, the EV take up
26:59
Speaker 11: has been There was a huge surge originally with people
27:02
Speaker 11: who are trying to do the right thing. They thought
27:04
Speaker 11: and wanted a green car and loved the idea of
27:06
Speaker 11: the performance of electric car. But now the mass up
27:09
Speaker 11: take around the world is not happening, and there are
27:12
Speaker 11: companies like Volkswagen Group and Porsche who've lost billions. Porsche
27:18
Speaker 11: gambled their best selling model making it electric, only they're
27:21
Speaker 11: having to unwind that policy at a cost of billions
27:24
Speaker 11: of dollars and everybody says that Norway is wonderful and
27:27
Speaker 11: we should all all be like Norway. Norway's it not
27:30
Speaker 11: even as big as Victoria. And one of the reasons
27:32
Speaker 11: why they can afford to subsidize so well is because
27:36
Speaker 11: they earn so much money from selling oil.
27:39
Speaker 2: Well over there, Goodness, may I have a six cylinder
27:43
Speaker 2: diesel car. They've replaced my engine with a four four
27:47
Speaker 2: cylinder engine. I want a four cylinder or I have
27:50
Speaker 2: to go full ev Consequently, I'm not turning over my car.
27:53
Speaker 3: That's what everyone's doing.
27:54
Speaker 11: Yeah. Correct, We're going to end up with many, many
27:57
Speaker 11: more older, polluting cars on the road.
28:00
Speaker 3: My Deesael love my diesel all right.
28:02
Speaker 2: After the break, Why Australia is increasing the rates when
28:05
Speaker 2: the rest of the world seems to be cutting them?
28:07
Speaker 2: Expert economist Warren Hogan comes up. Plus the reform juggernaut.
28:11
Speaker 2: A whole new generation of young people excited by politics,
28:15
Speaker 2: sick of the woke left. Can we bring some of
28:17
Speaker 2: that magic into Australia? Welcome back, won't belong We'll cross
28:26
Speaker 2: the UK soon. Speak with the young man who's been
28:29
Speaker 2: hounded by the left for simply trying to establish a
28:32
Speaker 2: reform UK group on his UNI campus as more and
28:35
Speaker 2: more young people walk away from woke. But first, no
28:39
Speaker 2: surprise that after that inflation spiked last week, the Reserve
28:43
Speaker 2: Bank today was forced to increase the interest rate rates
28:46
Speaker 2: the cash rate from three point six percent to three
28:49
Speaker 2: point eight five percent. Joining me now, Judo Bank Economic
28:53
Speaker 2: advisor Warren Hogan, Well, Warren, no surprise is here. She
29:00
Speaker 2: didn't criticize the government directly, but if you read between
29:05
Speaker 2: the lines and the governor's remarks, she's clearly frustrated.
29:09
Speaker 3: Have a listen.
29:10
Speaker 8: I've heard the Treasurer say is that he has focused
29:13
Speaker 8: on inflation. It's his number one thing he's focusing on
29:15
Speaker 8: at the moment. So I think he's conscious of it.
29:19
Speaker 8: But I think we can work. I think the idea
29:24
Speaker 8: that somehow we work hand in glove is not the way,
29:28
Speaker 8: is not the way these things work. We are independent,
29:31
Speaker 8: they are independent, and we work.
29:33
Speaker 3: With what we've got.
29:35
Speaker 5: Right.
29:35
Speaker 3: Give me your read of these things.
29:38
Speaker 9: Yeah, Well, I think she's essentially saying that it's a
29:41
Speaker 9: bit clumsy. These are very heavy handed tools, whether it's
29:46
Speaker 9: interest rates or many elements of budget or fiscal policy.
29:50
Speaker 9: And really what she should be saying is the Reserve
29:53
Speaker 9: Bank is the tough cop on the beat who is
29:55
Speaker 9: meant to respond to the conditions they face. And yes,
29:58
Speaker 9: they should coordinate with government, but if the government is
30:01
Speaker 9: overdoing it, then they need to respond. And you could
30:03
Speaker 9: argue today was that and that their independence is allowing
30:07
Speaker 9: them to do that. But she's certainly making sure she
30:10
Speaker 9: doesn't upset the government or upset the treasurer. And she's
30:14
Speaker 9: walking a fine line for her credibility because I think
30:16
Speaker 9: it's pretty unanimous now that with this strong recovery in
30:19
Speaker 9: the private sector in the second half of last year,
30:23
Speaker 9: we just don't have the space in our economy for
30:25
Speaker 9: our governments to be growing at the pace they have been,
30:27
Speaker 9: and they need to cut back on their spending. And
30:30
Speaker 9: that's the universal message from economists and she probably can't
30:33
Speaker 9: say it that plainly, but of course the numbers bear
30:37
Speaker 9: it out and that's the reality of the situation.
30:41
Speaker 2: And look, that's what Joel Fitzgibbon said, a former Labor
30:44
Speaker 2: Cabinet minister, on Friday. You know, big BMF government is
30:48
Speaker 2: talking Fedderland State. There are displacing the private sector in
30:52
Speaker 2: the market. Government spends big and it's taking people out
30:56
Speaker 2: of the labor market and into government jobs. And they're
30:59
Speaker 2: also with some union activity trying to shut down resources
31:03
Speaker 2: and other parts of the productive economy where we pay
31:05
Speaker 2: our own way as a nation. I guess I'm worried.
31:08
Speaker 2: I look at this March state election in South Australia.
31:12
Speaker 2: We've got wine in Victoria in November. When she talks
31:15
Speaker 2: about government spending, she's talking about state and federal government spending,
31:20
Speaker 2: and I suspect the vote handout buying actions of those
31:25
Speaker 2: two labor governments will continue and make things worse.
31:29
Speaker 9: Yeah, and that's really important right now, Peter, because I
31:34
Speaker 9: would put forward the question if a four point three
31:37
Speaker 9: five percent cash rate, which we saw at the high
31:39
Speaker 9: point in twenty twenty four, did not get inflation under control,
31:44
Speaker 9: then why would we think it would do it in
31:47
Speaker 9: twenty twenty six. And of course that's another two rate
31:49
Speaker 9: hikes after today's. And the answer to that, if you
31:54
Speaker 9: want to try and limit the scope that the RBA
31:58
Speaker 9: will have to raise rates, then the governments of the
32:01
Speaker 9: nation need to play a role. So it's nicely timed,
32:05
Speaker 9: and I think the strategy from a tough cop on
32:08
Speaker 9: the beat would be to signal they're going to raise
32:11
Speaker 9: rates back to where they were by the time of
32:13
Speaker 9: the budget season in May, and then if the state
32:17
Speaker 9: and federal government budgets show some restraint, maybe we'll get
32:20
Speaker 9: away with a peak cash rate of four point three
32:22
Speaker 9: five percent. But if they do not, we may have
32:26
Speaker 9: to take the cash rate to five percent or worse.
32:28
Speaker 9: And of course that's when we're getting into uncharted territory,
32:31
Speaker 9: and of course that's when we bring in the risk
32:33
Speaker 9: of a much more damaging downturn in the economy.
32:36
Speaker 4: That's the way.
32:36
Speaker 9: I think, that's the reality of it, and I really
32:39
Speaker 9: would like to see that.
32:40
Speaker 3: I think she's got to be tough. I agree with Yeah,
32:41
Speaker 3: I do it.
32:44
Speaker 2: I think she has to set some sort of benchmark,
32:47
Speaker 2: and I think she has did by then by doing
32:49
Speaker 2: that sort of expose where the government had choices and
32:53
Speaker 2: where they pulled the wrong rain by increasing spending or
32:55
Speaker 2: continuing to spend at the rate they spend. Someone said
32:58
Speaker 2: to me, Warren, So the reason why those earlier rate
33:02
Speaker 2: increases people survived them is they sort of just dug in.
33:06
Speaker 2: They maybe got a bit of extra over time, and
33:08
Speaker 2: they had some residual savings coming out of COVID. They
33:11
Speaker 2: don't have that now, and if there is this talk
33:14
Speaker 2: of another two hits this year, the rest of the
33:18
Speaker 2: world is not increasing their rates. Australia alone is really
33:22
Speaker 2: increasing their rates.
33:23
Speaker 3: What's sort of the.
33:24
Speaker 9: Politics of that, Well, the politics of the move today
33:29
Speaker 9: and what you just referred to is that the government
33:32
Speaker 9: cannot blow the international conditions. I mean it was always
33:35
Speaker 9: overstated in their narrative, but right now global inflation is
33:39
Speaker 9: not low enough. It's still above two, which is where
33:42
Speaker 9: most central banks want it, but it's broadly going sideways,
33:45
Speaker 9: whereas it's clear that ours is picking up again. Now,
33:48
Speaker 9: in my mind, this is a result that we did
33:50
Speaker 9: not tighten up macro policy enough. And macro policy is
33:54
Speaker 9: of course both intrast rates, monetary policy and fiscal policy.
33:58
Speaker 9: And my view remains that if we get both policy
34:01
Speaker 9: leavers working we can, it gives us our best chance
34:04
Speaker 9: of getting rid of inflation without a downturn. But if
34:07
Speaker 9: the governments of Australia refuse to participate and tighten up
34:11
Speaker 9: their fiscal policy, then the Reserve Bank's going to be
34:14
Speaker 9: left with a tough job. And the problem today is
34:16
Speaker 9: that the governor came out and hiked and they've got
34:18
Speaker 9: some very hawkish projections. But she was actually still pretty
34:22
Speaker 9: softly softly when it came to the press conference. And
34:25
Speaker 9: we're seeing the RBA now forecasting inflation above target for
34:28
Speaker 9: another two years. That will take it to almost eight
34:32
Speaker 9: years of above target inflation. The question has to be asked,
34:37
Speaker 9: are we serious about inflation control in this country? And
34:40
Speaker 9: of course if the governor wants to be serious about it,
34:44
Speaker 9: she needs to get on with tightening if the governments
34:47
Speaker 9: of Australia aren't helping her out, and alternatively, we could
34:50
Speaker 9: leave ourselves open to a position where inflation really gets
34:53
Speaker 9: away from us like I did in the late nineteen eighties,
34:55
Speaker 9: and then they just have to push the economy in session.
34:59
Speaker 9: And that is a desig for this country.
35:03
Speaker 3: And you are not wrong.
35:04
Speaker 2: She's going to have to be tough, and I think
35:05
Speaker 2: she's going to be to be prepared to keep a
35:09
Speaker 2: professional integrity to be very unpopular in Canberra. But I
35:13
Speaker 2: don't think she's got much option if they're not listening.
35:16
Speaker 2: Oliver there, thank you, Warren. After the break the young
35:18
Speaker 2: people rejecting woke as the UK season increase in UNI
35:22
Speaker 2: students campaigning for Nigel.
35:24
Speaker 3: Farage and reform.
35:26
Speaker 2: Why I's a young Australian here is asking the Prime
35:28
Speaker 2: Minister why this country is going under and why he's
35:31
Speaker 2: not allowed to be proud of Australia anymore. Welcome back
35:40
Speaker 2: to plead from a young Australian muso who wants to
35:43
Speaker 2: be proud of his country asking the Prime Minister why
35:46
Speaker 2: we are going under? The first a glimmer of hope
35:49
Speaker 2: from the United Kingdom. At a university campus in Sussex,
35:52
Speaker 2: where it seems young people are becoming increasingly ready to
35:55
Speaker 2: take on their fellow left wing students and demand not
35:59
Speaker 2: just their right to free speech, but an end to
36:01
Speaker 2: the left's dominance of the university domain. Dylan Kaddick is
36:05
Speaker 2: the president of Sussex University's Reform Society, which has since
36:09
Speaker 2: its formation been targeted by left wing activists. Kadock says
36:13
Speaker 2: he founded the group to champion free speech for that
36:17
Speaker 2: is clearly infuriated the so called tolerant progressives. Delighted to
36:22
Speaker 2: say Dylan Kaddick joins me now from Sussex in the
36:25
Speaker 2: South of England. Dylan, after three years at Sussex, you
36:29
Speaker 2: say the campus culture has become hostile of free speech.
36:33
Speaker 2: What's happened to you in that time.
36:38
Speaker 12: Yeah, so me and a lot of other people. I've
36:41
Speaker 12: noticed just over the years, people don't speak up. You're
36:44
Speaker 12: worried about everything you say. It should complete echo chamber
36:47
Speaker 12: I found where the lecturers, the tutors, all sorts of students,
36:52
Speaker 12: they're all just essentially left wing or Marxists. They'll teach
36:55
Speaker 12: about how great communism is. And if you try and
36:58
Speaker 12: speak up, people say you're far right, you're dangerous, you're racist,
37:02
Speaker 12: call you all of these things. And so when we've
37:05
Speaker 12: actually tried to stand up, we faced so many issues.
37:12
Speaker 2: So when I went to UNI in the dark ages,
37:15
Speaker 2: compared to your young age, you were basically encouraged, invited
37:21
Speaker 2: to disagree with each other in your tutorials. And you know, okay,
37:25
Speaker 2: there might have been as many like me in my class,
37:29
Speaker 2: but there certainly was enough that you could have a
37:31
Speaker 2: healthy debate and agree to disagree. Perhaps at the end
37:35
Speaker 2: that's clearly changed. And people tell me here in Australia,
37:38
Speaker 2: and I'm sure it's the same there that if you
37:40
Speaker 2: don't agree, if you don't conform, it impacts your marks.
37:44
Speaker 3: You don't get a fair go in terms of your assessment.
37:47
Speaker 3: Is that your experience, Yeah.
37:51
Speaker 12: I'm very worried about that, and I sort of feel
37:53
Speaker 12: I have to sort of write what they want and
37:55
Speaker 12: sort of align with what they want, because the risks
37:58
Speaker 12: are these people. They send sorts of threats. You don't
38:01
Speaker 12: know what they'll do, and there's so many of them,
38:03
Speaker 12: and they've organized all sorts of groups against us, and
38:07
Speaker 12: it's just completely unpredictable. I've had threats of being egged,
38:10
Speaker 12: of being hit by hammers and all sorts of things
38:13
Speaker 12: and set on Buyer. So they just want you to
38:15
Speaker 12: shut up and just go along with what they say,
38:18
Speaker 12: or they'll go after you.
38:21
Speaker 2: Okay, So bravely you've set up this reform society at
38:24
Speaker 2: your university.
38:26
Speaker 3: Why do you keep doing it? Why is it so important?
38:30
Speaker 2: Yeah?
38:30
Speaker 12: So I think given this sort of just left wing
38:33
Speaker 12: our ideology which completely dominates the university, you need some
38:37
Speaker 12: sort of other opinion, another voice to challenge this because
38:41
Speaker 12: at university, as you say, it should be a place
38:43
Speaker 12: of open debate where people really have their ideas encouraged
38:46
Speaker 12: and they can actually think critically. So I've sort of organized.
38:50
Speaker 12: It took a long time to actually finally find people
38:52
Speaker 12: with similar opinions and sort of group together and form
38:55
Speaker 12: our own society. And given there's a Green Society, there's
38:58
Speaker 12: a Marxist society society, why can't there be one on
39:02
Speaker 12: the center, right, I don't see why not. But of
39:05
Speaker 12: course they've got this massive issue with it. They cause
39:07
Speaker 12: all these protests, they set up these antifa groups. The
39:10
Speaker 12: Green Society want us completely banned, and they're just hoping
39:13
Speaker 12: they can which hunt us off campus.
39:16
Speaker 3: Essentially, are you going to dig in? Oh?
39:21
Speaker 12: We have, We very much have. We were going to
39:24
Speaker 12: the Refreshes fair for instance, or we had a store
39:27
Speaker 12: and all these people, as I said, they wanted to
39:29
Speaker 12: throw eggs, tomatoes at us, all sorts of things. They
39:31
Speaker 12: were saying, we're going to jump you. They said, we're
39:33
Speaker 12: going to destroy all your stuff there. And well, what
39:36
Speaker 12: we did on the day, despite this protest and all
39:39
Speaker 12: these eyes looking out for us, we still went in.
39:41
Speaker 12: We still put a flag down at the store. We
39:44
Speaker 12: went there just show our bases that we weren't backing down.
39:48
Speaker 12: And then these people, I mean, they hated it, but
39:51
Speaker 12: we're standing up. We're showing that we're not going anywhere.
39:53
Speaker 12: We're going to have events going into the future, invite
39:55
Speaker 12: all sorts of people and we're going to be here
39:58
Speaker 12: to stay.
40:01
Speaker 3: Good on you. I hope to be in the UK
40:04
Speaker 3: in the middle of the year.
40:04
Speaker 2: I might come down to Sussex University and have a
40:06
Speaker 2: look at what you're doing and hopefully we can import
40:09
Speaker 2: data into Australia.
40:11
Speaker 3: It'd be great. Thank you, Dylan, thanks for joining me.
40:14
Speaker 3: How good is that?
40:15
Speaker 2: Before we go, look, I just want to reference a
40:17
Speaker 2: song and the songwriter who popped up in my social
40:20
Speaker 2: media feed recently. His name is Hunter Black. He's an Aussie.
40:24
Speaker 2: He's posted his own version of the well known Australian anthem,
40:28
Speaker 2: originally written and performed by men at work. We spoke
40:31
Speaker 2: with him this afternoon. He said the song wasn't meant
40:33
Speaker 2: to be a political statement, per se more born out
40:36
Speaker 2: of his frustration and what he was seeing play out
40:39
Speaker 2: politically and culturally in what was once a proud Australia.
40:43
Speaker 3: Have a listen to Welcome from.
40:45
Speaker 13: A land Gone on the Australian monasty, Lil Angel, Could
40:55
Speaker 13: you hear of the fear and question where of us
41:01
Speaker 13: hold you get this message?
41:07
Speaker 2: Look at my farmer Harrison Schuster, wanting to be proud
41:09
Speaker 2: of Australia with his paddic display look at that young
41:13
Speaker 2: bloke to you, look at the polls. Something's going on
41:17
Speaker 2: with young people.
41:18
Speaker 3: They have had enough?
41:20
Speaker 2: All right, quick break, After the break, we'll get into
41:22
Speaker 2: those calls for the public to take back ownership of
41:25
Speaker 2: power stations, dams and more. And the many many millions
41:28
Speaker 2: donated to climb two hundred then funneled into the tills.
41:32
Speaker 2: They say they're not a political party. Come on, where's
41:35
Speaker 2: the electoral Commission here? Welcome back now to the latest
41:43
Speaker 2: comments from Barnaby Joyce, who's urging a return to publicly
41:46
Speaker 2: owned assays like coal fired power stations, dams and freight
41:50
Speaker 2: rail networks. I suspect what he says. We'll get plenty
41:53
Speaker 2: in the community who agree with him. Let's bring him
41:56
Speaker 2: on panel. Sky News contributor to Jamie Rogers and Paige
41:59
Speaker 2: re Center CEO Jared Holland. Well, Jared, you know we
42:05
Speaker 2: know we need more power generation.
42:06
Speaker 3: More dams.
42:07
Speaker 2: If banks won't lend private entities of the money to
42:11
Speaker 2: build them, because you know the boards are woke and
42:13
Speaker 2: they've got strong views on climate change, then is Barnaby right?
42:19
Speaker 14: Well, Peter, our national priority has to be to increase
42:22
Speaker 14: our industrial capacity in this country and to lower power prices,
42:26
Speaker 14: and to do that, we're going to need more new,
42:29
Speaker 14: reliable cul fire power. Now, now I'm not at all
42:32
Speaker 14: opposed to state involvement in these projects. It works really
42:34
Speaker 14: well in Queensland. But we need to remember that we
42:37
Speaker 14: also have quite successful privately owned caul firepower stations in
42:41
Speaker 14: New South Wales and Victoria. So if the government creates
42:44
Speaker 14: the conditions stops promising to shut them down, maybe actually
42:48
Speaker 14: says to the banks, if you're going to start to
42:49
Speaker 14: economically discriminate against our key infrastructure, we're not going to
42:53
Speaker 14: use you for our superannuation, We're not going to use
42:55
Speaker 14: you for other government payments. I think that could get
42:59
Speaker 14: things back into the balance, but until then it might
43:01
Speaker 14: have to be the state that steps up, because we
43:03
Speaker 14: just haven't got time to wait right now.
43:04
Speaker 2: To be frank, Yeah, look, I agree with market forces
43:09
Speaker 2: and I think that's all good and well where there's
43:11
Speaker 2: a level playing field. But you're right to point out
43:14
Speaker 2: in many of these places energy is a good one.
43:16
Speaker 2: There is not a level playing field, and we cannot,
43:20
Speaker 2: given the state of the world, end up being energy poor,
43:24
Speaker 2: particularly in terms of national security. Let's go to at
43:27
Speaker 2: Lassie and this is the billionaires Scott Farquah and Mike
43:32
Speaker 2: Cannon Brooks. They've dumped a lot of money into Climate
43:36
Speaker 2: two one hundred heading into last year's campaign. We know
43:38
Speaker 2: this because all the disclosures about Jamie. What's interesting here
43:44
Speaker 2: that money doesn't get spread around all parties and not
43:48
Speaker 2: to all candidates. It just goes to teals. They say
43:52
Speaker 2: they're independence, they say they are grassroots candidates. I mean,
43:57
Speaker 2: this is a joke. I want to know, how do
43:59
Speaker 2: they get away with it? And where on earth is
44:01
Speaker 2: the electoral commissioner here?
44:04
Speaker 3: Your spot on, Peter.
44:05
Speaker 6: This actually came up quite a lot during the twenty
44:07
Speaker 6: twenty five federal election, in particular because of the fact
44:11
Speaker 6: that Climate two hundred were backing thirty five candidates and
44:15
Speaker 6: in twenty twenty two they backed twenty two candidates. And
44:19
Speaker 6: one thing that was annoying quite a lot of people
44:21
Speaker 6: within that warringa constituent area. There was this enormous billboard
44:26
Speaker 6: in brook Fail that was shared by Sophie Scomp's and
44:28
Speaker 6: Zalie Stegel, and people kept saying to me, how are
44:31
Speaker 6: these two independent when they share billboard advertising and they
44:36
Speaker 6: would be popping up at each other's different community events.
44:39
Speaker 6: So whilst tiels like to say that they are independent,
44:43
Speaker 6: especially when it comes to fundraising and donors.
44:46
Speaker 3: We know that they act like a party.
44:48
Speaker 6: They have shared donors, they also share each other as
44:52
Speaker 6: they go across different seats, They work out different strategies
44:55
Speaker 6: across different seats, and they also use the same campaign infrastructure.
45:00
Speaker 6: So that's why it's so important that this transparency is
45:03
Speaker 6: there that we can see. And let's not forget these
45:05
Speaker 6: are people that campaign on transparency and it's only when
45:08
Speaker 6: these sort of stories come out that we can actually
45:11
Speaker 6: see some of the donors and the money that goes
45:13
Speaker 6: behind them.
45:14
Speaker 3: It was twenty three million dollars.
45:16
Speaker 6: Was supported by Climate two hundred out to the Teals
45:19
Speaker 6: in twenty twenty five. It's a lot of money and
45:21
Speaker 6: it also shows what third party big money can do
45:25
Speaker 6: to turbocharge these independent campaigns. So it's going to be
45:29
Speaker 6: interesting in twenty twenty eight, Peter, with these caps in place.
45:32
Speaker 6: But you're right, when does it get to a point
45:33
Speaker 6: with the AAC says all right, we've got thirty five
45:36
Speaker 6: candidates here.
45:37
Speaker 3: I'm pretty sure you're a party. Yes, absolutely right.
45:43
Speaker 2: Comments today from Sydney and p Simon Kennedy, he's a
45:46
Speaker 2: Liberal is in Scott Morrison's old seat of Cook. He
45:51
Speaker 2: had something to say to Kieran Gilbert along the lines
45:54
Speaker 2: that the coalition split and staying split, is it necessarily
46:00
Speaker 2: a bad thing?
46:00
Speaker 3: Have a listen.
46:02
Speaker 1: History tells us the coalition is stronger together. But right
46:06
Speaker 1: now maybe the time to have a break. We need
46:09
Speaker 1: to win thirty three seats and I think it's good
46:11
Speaker 1: for the Liberal Party and the National Party to think
46:14
Speaker 1: about how do they contribute to those thirty three seats
46:16
Speaker 1: they need to win and what are the policies.
46:21
Speaker 2: Or Jerard, you work for a policy think tank, do
46:24
Speaker 2: you think they should stay apart and focus on separate
46:27
Speaker 2: policy agendas? My worry would be how on earth do
46:30
Speaker 2: you put the egg back together again once it's scrambled
46:34
Speaker 2: and you know, three year terms is not a long time.
46:37
Speaker 3: What's your thoughts.
46:40
Speaker 14: Well, I'm actually quite sympathetic to Simon's comments and to
46:43
Speaker 14: your point about it is a danger setting out different
46:46
Speaker 14: policy agendas. But I think that's part of the problem.
46:48
Speaker 14: How we've gotten to this place in the first place
46:50
Speaker 14: is the National Party have a very clear constituency. They
46:53
Speaker 14: have a vision for how they think the country should
46:55
Speaker 14: be run. They have a vision for how to lower
46:57
Speaker 14: power prices to support families tower migration, and that vision
47:01
Speaker 14: is coming into contact with the Liberal Party who many
47:05
Speaker 14: in that party share that vision, but unfortunately currently their
47:08
Speaker 14: voices aren't being heard. And I think actually some time
47:11
Speaker 14: apart for the Liberal Party to really work out who
47:12
Speaker 14: they are. You know, the historic successful coalition governments that
47:16
Speaker 14: we've had bit Howard and Costello. But going back to Menzies,
47:19
Speaker 14: during your time, there was great alignment between the Nats
47:22
Speaker 14: and the Libs on what is best for Australia and
47:25
Speaker 14: I don't think that alignment, unfortunately is there at the moment.
47:27
Speaker 14: And I actually think that Nats have a lot to
47:30
Speaker 14: offer in a nation building agenda. I think the Liberal
47:32
Speaker 14: Party they do have phenomenal people in their ranks. Far
47:35
Speaker 14: too many of them are on the back bench, and
47:37
Speaker 14: if they could give those people the platform and the
47:39
Speaker 14: opportunity for policy development, I don't think there will be
47:42
Speaker 14: a worry about the agendas being too far apart. But
47:44
Speaker 14: if they are too far apart at the end of
47:46
Speaker 14: the day, well then this becomes electorally difficult for both
47:49
Speaker 14: parties as a coalition.
47:52
Speaker 2: Yeah, just quickly Jamie. I mean a lot of the
47:55
Speaker 2: commentary is that the NATS dog National Party tail wags
48:01
Speaker 2: the Liberal Party dog. You know, in my time and
48:04
Speaker 2: I worked in the Howard governor all the way through
48:06
Speaker 2: many years of opposition into govern again, we were always aligned.
48:10
Speaker 2: A lot of what the National Party is talking about
48:12
Speaker 2: today were policies of Howard and Abbott. So society that
48:16
Speaker 2: somehow the Libs have gone crazy enough to the right.
48:19
Speaker 2: That's not my understanding on experience.
48:23
Speaker 6: No, and Peter Dave Sharma also summed it up perfectly
48:26
Speaker 6: on Kenny's program earlier that the coalition partnership cannot be
48:30
Speaker 6: a la catte. You can't just pick and choose certain things.
48:33
Speaker 6: You work together as one team, be united, and that's
48:36
Speaker 6: the way you can be stronger.
48:40
Speaker 2: Yeah, we'll see, we'll see what happens with that. I mean,
48:42
Speaker 2: I think we're in a really rugged time at the moment.
48:45
Speaker 2: I'll leave it there both. Thank you for your time tonight.
48:47
Speaker 2: All right, that's it for me, see you tomorrow night.
48:49
Speaker 2: The circus will go on in Canberra.
48:51
Speaker 3: Here is Andrew