Latest / The Bolt Report / The Bolt Report | 9 April

Transcript

The Bolt Report | 9 April · The Bolt Report

• 0:11
  Speaker 1: Us the Gold reform.
• 0:12
  Speaker 2: It what a terrible day to hear Green's leader and
• 0:17
  Speaker 2: banned giving us speech about how he'll make a minority
• 0:21
  Speaker 2: Labor government after this election dance to his tune.
• 0:25
  Speaker 3: More Greens means more pressure. Experts and commentators are pointing
• 0:29
  Speaker 3: towards minority at Parliament again, and of course the Greens
• 0:33
  Speaker 3: will remain in balance of power in the Senate.
• 0:36
  Speaker 2: There was a terrible day to hear this because the
• 0:38
  Speaker 2: world has given us yet another reminder how desperately we
• 0:42
  Speaker 2: will need people who can run an economy, not ruin it.
• 0:46
  Speaker 2: The sheer markers slumped yet again, and other forty billions
• 0:48
  Speaker 2: of dollars of value wiped out just here, so we're
• 0:52
  Speaker 2: in very dangerous waters. The Premisy yesterday couldn't even know
• 0:56
  Speaker 2: we face a recession. So what a time to hear
• 0:59
  Speaker 2: Adam bad at the National Press Club listing what in
• 1:01
  Speaker 2: demand if Labor gets re elected and needs his support
• 1:05
  Speaker 2: the Green support to form governor get legislation passed. The
• 1:09
  Speaker 2: less I mean a ban on new colon gas products,
• 1:13
  Speaker 2: restrictions on how much capital investors can send overseas, a
• 1:16
  Speaker 2: huge new tax, or the Greens consider excess profits a
• 1:20
  Speaker 2: ban on raising rents for a couple of years.
• 1:23
  Speaker 3: Landlords cannot be allowed to raise the rent by whatever
• 1:27
  Speaker 3: number they want.
• 1:29
  Speaker 2: Now bad was there preaching a new kind of Marxism
• 1:31
  Speaker 2: that's going to frighten off the investors Australia will so
• 1:34
  Speaker 2: badly need. And honestly, at times the Green's leaders sounded
• 1:37
  Speaker 2: almost like a Bolshevik commissari, such a hater.
• 1:43
  Speaker 3: If we don't stop the bastards, house prices will get
• 1:47
  Speaker 3: further and further out of reach. Perhaps the biggest bastard
• 1:50
  Speaker 3: of them all was John Howard, former Lipweal Prime minister,
• 1:53
  Speaker 3: who single handedly put house prices out of reach at
• 1:57
  Speaker 3: first home buyers with the capital gains tax discount in
• 2:00
  Speaker 3: nineteen ninety nine.
• 2:03
  Speaker 2: Grubby talk now man with that agenda plans to be
• 2:06
  Speaker 2: the tale that wags the re elected labor dog, which
• 2:10
  Speaker 2: means we're in strife. But let me now question something
• 2:16
  Speaker 2: about last night's debate that might have had Liberal voters thinking, oh,
• 2:20
  Speaker 2: it's all cactus now, labor boatsting that promise anything. The
• 2:23
  Speaker 2: ob and easy won that debate last night, beating Opposition
• 2:26
  Speaker 2: leader Peter Dutton, at least according to the audience vote.
• 2:31
  Speaker 4: The great win last night in the debate, we're all
• 2:34
  Speaker 4: looking forward to a great win on May the third
• 2:36
  Speaker 4: as well.
• 2:38
  Speaker 2: Now I didn't see it that way at all. And
• 2:41
  Speaker 2: let me first note that every single live audience at
• 2:44
  Speaker 2: these leaders' debates for the last ten elections have said
• 2:47
  Speaker 2: Labor one ten out of ten debates. An audience even
• 2:51
  Speaker 2: claimed Mark Latham beat John Howard and maybe labor voters
• 2:56
  Speaker 2: are in fact more luckily have the time and wish
• 2:58
  Speaker 2: to turn up and be filmed and claim they're actually
• 3:01
  Speaker 2: uncommitted voters. And last those audience was in multicultural paramatter
• 3:05
  Speaker 2: more labor territory. One of them who did ask a
• 3:09
  Speaker 2: question was militantly anti Israel. So how undecided were these
• 3:13
  Speaker 2: voters really? But it's true I was frustrated at the
• 3:17
  Speaker 2: start when Dutton didn't hop right into alban Ezy when
• 3:20
  Speaker 2: the premiers are opened by claiming inflation and energy crisis.
• 3:24
  Speaker 2: Somehow nothing to do with him just happened to him
• 3:26
  Speaker 2: and we shouldn't look back and charge anyway.
• 3:30
  Speaker 5: The world has thrown a lot of challenges at Australia
• 3:33
  Speaker 5: in the last few years. We've had the COVID pandemic,
• 3:35
  Speaker 5: followed by the biggest inflation spike since the nineteen eighties
• 3:39
  Speaker 5: and the biggest energy crisis since the nineteen seventies. Now,
• 3:43
  Speaker 5: you can't control everything that happens, and we know in
• 3:47
  Speaker 5: the world it's uncertain, but I'm absolutely certain of this.
• 3:52
  Speaker 5: Now is not the time to cut Now is not
• 3:54
  Speaker 5: the time to look backwards.
• 3:58
  Speaker 2: Now, though Dutton should have gone for Albini, is right
• 4:00
  Speaker 2: there for dodging responsibility. But I guess maybe he was
• 4:04
  Speaker 2: trying to trying hard not to seem as scary and
• 4:08
  Speaker 2: tough as Labor claims. But he did have the strongest moment, nevertheless,
• 4:12
  Speaker 2: when he warmed up and called there alb and easy
• 4:14
  Speaker 2: when the premnicy yet again start of whipping out his
• 4:17
  Speaker 2: Medicare card after a woman in the audience complained that
• 4:20
  Speaker 2: she was actually paying more for a doctor.
• 4:24
  Speaker 5: You just need your Medicare card, not your credit card.
• 4:28
  Speaker 5: Because labor creative Medicare will strengthen Medicare and we'll make
• 4:34
  Speaker 5: sure that in the future, in the future, we get
• 4:37
  Speaker 5: those bulk billing rates back up to ninety.
• 4:43
  Speaker 2: But Dutton finally nailed that fakery and very effectively.
• 4:48
  Speaker 6: What's your experience, So when you go to the doctor
• 4:50
  Speaker 6: that you talk about with the gap fee. Do you
• 4:52
  Speaker 6: have to use your just your Medicare card or do
• 4:54
  Speaker 6: you have to use your credit card as well.
• 4:57
  Speaker 2: Use sport Because the first building doesn't cover the full
• 5:00
  Speaker 2: chants have to pay something.
• 5:02
  Speaker 6: So thank you very much, and I appreciate it because
• 5:05
  Speaker 6: yours is the story of literally hundreds of thousands, millions of.
• 5:09
  Speaker 2: Australians as well.
• 5:11
  Speaker 6: And I've heard the Prime Minister run this stunt before
• 5:13
  Speaker 6: with the only needgor Medicare card. It's not true. Block
• 5:17
  Speaker 6: billing rates have reduced under this government, and that's the reality.
• 5:21
  Speaker 6: It's there in black and white. Not only that the
• 5:24
  Speaker 6: out of pocket expenses have increased as well, which is
• 5:26
  Speaker 6: exactly your experience.
• 5:29
  Speaker 2: I hope that's the end of that Medicare stunt. Then
• 5:32
  Speaker 2: there was this moment which really summed up three years
• 5:35
  Speaker 2: of falling living standards under Labor. That's one thing Labour's
• 5:39
  Speaker 2: spin and clever campaigning can't hide you.
• 5:43
  Speaker 6: I just get a show of hands, who's doing it
• 5:45
  Speaker 6: pretty tough, who's finding it hard to get by at
• 5:48
  Speaker 6: the moment.
• 5:48
  Speaker 4: The way the economy is, cost of living pressures and
• 5:50
  Speaker 4: so on.
• 5:53
  Speaker 2: Yeah, that's but in the end, the debate won't change
• 5:57
  Speaker 2: much anyway, don't need it a knockout and didn't get it.
• 6:00
  Speaker 2: And tonight, in twenty minutes or so, you're going to
• 6:02
  Speaker 2: get another debate right here between Treasurer Jim Charmers and
• 6:05
  Speaker 2: the opposition's treasury spokesman Angus Taylor, hosted by a Ross Green.
• 6:09
  Speaker 2: Would I suspect it will again be a story of
• 6:11
  Speaker 2: this campaign. I mean Charmers has actually been disastrous as
• 6:15
  Speaker 2: a treasurer, as I said, strains worse off productivity down
• 6:18
  Speaker 2: the toilet, the governor even admitting that the money's now
• 6:22
  Speaker 2: gone and it's going to give us a trillion dollar
• 6:23
  Speaker 2: debt next year. But Charmers speaks with such confidence that
• 6:28
  Speaker 2: many voters simply assume he must actually know what is
• 6:32
  Speaker 2: talking about, while Angus Taylor, who seems clearer and economics,
• 6:36
  Speaker 2: tens to look like he's sitting an exams scared wll fail.
• 6:39
  Speaker 2: But maybe he will surprise us tonight. And I tell
• 6:42
  Speaker 2: you this country needs a lot of pleasant surprises to
• 6:45
  Speaker 2: escape the kind of future that the Greens leader was
• 6:48
  Speaker 2: threatening today. Well join him is the political panel, Cameron Milner,
• 6:59
  Speaker 2: for which you've stuffed The leaders need the Bill Shorten,
• 7:02
  Speaker 2: now director of g XO strategies and when we can
• 7:05
  Speaker 2: get his connection working. Michael Costa, former New South Wales
• 7:09
  Speaker 2: Labor Treasurer Cameron the debate, what did it tell you?
• 7:15
  Speaker 4: Well, it told us that I think Peter Dutton's hitting
• 7:17
  Speaker 4: his stride. So I think that was probably one of
• 7:19
  Speaker 4: the best performances I've actually seen of Darton consistently, and
• 7:22
  Speaker 4: he did get some blows in but not killer blows,
• 7:24
  Speaker 4: as you quite rightly said. But I think the reaction
• 7:26
  Speaker 4: to day was the one that taught me the most.
• 7:29
  Speaker 4: Had people describing Elbows arrogant last night in coverage, I
• 7:34
  Speaker 4: think he looked smug. I think he looked very smug today.
• 7:36
  Speaker 4: I think he thought the forty four number was great.
• 7:39
  Speaker 4: He got in the bag. This is another day done.
• 7:41
  Speaker 4: So look, I think future debates like tonight's one on
• 7:44
  Speaker 4: the Treasury, like on the economy, are going to be
• 7:46
  Speaker 4: critical for viewers to make up their minds about how
• 7:50
  Speaker 4: and who they should vote for. So, as you say,
• 7:52
  Speaker 4: I don't think it shifted the election. The opportunity I
• 7:55
  Speaker 4: think though, for Duarton to shine and show what he
• 7:57
  Speaker 4: was capable of was coming through.
• 7:58
  Speaker 2: Though yeah, I thought Albans he started nervously to be honest,
• 8:03
  Speaker 2: that warmed into it and in banned. How much influence
• 8:07
  Speaker 2: could he and the Greens have after the election? How
• 8:09
  Speaker 2: scary is that?
• 8:12
  Speaker 4: Look today, we had the band ramp, didn't we And
• 8:14
  Speaker 4: you know he's the political bandit who's going to go
• 8:17
  Speaker 4: hold up labor and demand all these goodies. You know,
• 8:20
  Speaker 4: at least we know what he's ransom note to Albow
• 8:24
  Speaker 4: for the price of government's going to be. It was terrible.
• 8:27
  Speaker 4: It was terrible. The Greens Party is an extreme political party,
• 8:31
  Speaker 4: extreme political party. They're anti capital, anti worker, and they're
• 8:34
  Speaker 4: anti Israel, anti Israel Andrew and they're the people that
• 8:38
  Speaker 4: Albo wants to use to get back into government because
• 8:40
  Speaker 4: the reality is none of the polls say that Labour's
• 8:43
  Speaker 4: going to win this in their own right. They're not
• 8:46
  Speaker 4: going to get a majority. They're going to have to
• 8:47
  Speaker 4: relig on Adam Bant initially for support and then a
• 8:50
  Speaker 4: whole grab bag of teals as well. Disastrous minority government.
• 8:54
  Speaker 4: Disastrous minority government is what Albo's promising. But the thing
• 8:57
  Speaker 4: here is Alba wants to be PM's quite happy to make.
• 9:00
  Speaker 2: Adam Bant the center of power. And that's a real worry.
• 9:03
  Speaker 4: For a lot of Australians, especially after what we saw
• 9:06
  Speaker 4: from Bant at today's press conference and a press club speech.
• 9:14
  Speaker 2: Yeah you know what the cameraon. I sometimes wonder whether
• 9:17
  Speaker 2: this election is going to be a crown of thorns
• 9:19
  Speaker 2: if the Liberals do win it, because they will have
• 9:21
  Speaker 2: the same Greens, you know, on the cross bench of
• 9:25
  Speaker 2: the Senate. It will be very hard for them to
• 9:27
  Speaker 2: get anything through the Greens Labor voting against them. I
• 9:32
  Speaker 2: wonder whether, I mean, everyone wants to win an election,
• 9:34
  Speaker 2: but whether this one will have this consolation if they
• 9:38
  Speaker 2: lose it, the Greens and Labor will prove that they're
• 9:41
  Speaker 2: incapable of government three years from now.
• 9:45
  Speaker 4: But John Howd had didn't have the Senate except for
• 9:47
  Speaker 4: two and a half years of his eleven years in government,
• 9:49
  Speaker 4: and arguably, you know, he put forward a huge liberal
• 9:52
  Speaker 4: agenda and got lots of legislation passed. So I think
• 9:55
  Speaker 4: it's doable.
• 9:55
  Speaker 2: I think it's doable.
• 9:56
  Speaker 4: But to your point, those extreme Greens are not only
• 9:58
  Speaker 4: in the lower House, they're also Senate and they are
• 10:01
  Speaker 4: a very very different party from the Bob Brown Greens
• 10:04
  Speaker 4: of the past, who might be a bit more environmentally change.
• 10:07
  Speaker 4: These guys are a bunch of you know, extremists on
• 10:10
  Speaker 4: a range of issues, especially on the economy, and to
• 10:13
  Speaker 4: your point, they're they're you know, wanting to get rid
• 10:16
  Speaker 4: of the resource sector. I wanted to regulate rents. All
• 10:20
  Speaker 4: those sorts of things are not what Australians need.
• 10:24
  Speaker 2: Michael Cossa, was there anything in the Greens list of
• 10:28
  Speaker 2: demands that you thought, well, that's actually quite reasonable. We
• 10:30
  Speaker 2: like saying that they're radical and economy breakers, but maybe
• 10:34
  Speaker 2: they've got a clue here.
• 10:36
  Speaker 1: There was absolutely nothing reasonable. Andrew and I again say
• 10:40
  Speaker 1: that Peter Putteron should be running against the Greens and
• 10:44
  Speaker 1: linking labor to all of those policies. Every single one
• 10:47
  Speaker 1: of those policies is potentially a policy Labor will have
• 10:50
  Speaker 1: to implement in government and that should.
• 10:52
  Speaker 7: Be the campaign.
• 10:53
  Speaker 1: Today. I received in my letter box a statement, you know,
• 10:58
  Speaker 1: saying that Peter dunt was going to cut many care
• 11:00
  Speaker 1: bold billing and prescriptions and the reference is twenty fifteen
• 11:06
  Speaker 1: to comments in the budget in twenty fifteen. Clearly that
• 11:09
  Speaker 1: means that dun't the game's on now.
• 11:11
  Speaker 8: He should be running on against all the things negative
• 11:16
  Speaker 8: gearing ranking credits, you know, the unrealized capital gains on taxes.
• 11:22
  Speaker 1: That reason that shouldn't be extended to tones the way
• 11:25
  Speaker 1: that the Green's agenda is at the moment. So you know,
• 11:28
  Speaker 1: I think they've got a foothold ground to run a
• 11:31
  Speaker 1: campaign and they should be running that campaign at the moment. Andrew,
• 11:34
  Speaker 1: they look like they're bringing a Stanley knife to a gunfight.
• 11:37
  Speaker 1: They're not focused at all.
• 11:41
  Speaker 2: Yes, well, I've been a bit worried about how flat
• 11:44
  Speaker 2: footed their campaigners, or worried. I've been wondering why it's
• 11:48
  Speaker 2: so flat footed. That surprises me. Cameron Milner, We're going
• 11:51
  Speaker 2: to cross to the debate between the Treasurer Jim Chalmers
• 11:55
  Speaker 2: has shadowed treasurre Angus Taylor at seven p thirty.
• 11:57
  Speaker 4: What are you expecting, Well, I'm expecting Chalmers wipe the
• 12:02
  Speaker 4: floor with Angus Taylor. I mean, Angus Taylor is the
• 12:05
  Speaker 4: Liberal Party's weakest link. If you look at all the stumbles,
• 12:08
  Speaker 4: all the reversals, all the backflips, they've all been down
• 12:10
  Speaker 4: at Taylor. Taylor's been the source of the Liberals problems
• 12:13
  Speaker 4: right for the start of this campaign because he hasn't
• 12:15
  Speaker 4: done his homework and hasn't done the political work. I
• 12:18
  Speaker 4: mean he might be book smart, but he's streaked darm Andrew.
• 12:22
  Speaker 2: Yeah, and I don't think he gender's confidence when he speaks.
• 12:27
  Speaker 2: It's a very sad thing nature has not cursed in
• 12:30
  Speaker 2: with the gift of seeming commanding. Michael Costs of the
• 12:33
  Speaker 2: Cameron Miller, thank you to you both. Michael, Sorry we
• 12:36
  Speaker 2: had such a short time with you, but that's a
• 12:38
  Speaker 2: ropeie connection. After the break of've truly frightening development in
• 12:43
  Speaker 2: the Ukraine War, Chinese soldiers have now been caught fighting
• 12:47
  Speaker 2: for the Russians. The West is in real danger donald
• 12:54
  Speaker 2: Trump's tariff for It's caused another meltdown on America's stock
• 12:58
  Speaker 2: market overnight, and the pressure is split. Trump's Teamla Moscow,
• 13:02
  Speaker 2: Ina Aves and Trump's head of cutting waste now calling
• 13:05
  Speaker 2: Trump's tariffs gurupied in Navarro dumber than a sack of
• 13:09
  Speaker 2: bricks and a moron. But now something even more dangerous
• 13:14
  Speaker 2: that might seem unrelated. Trump's tariffort may in fact be
• 13:19
  Speaker 2: merging with real wars too. Chinese soldiers fighting for the
• 13:24
  Speaker 2: Russians have just been captured in Ukraine. The Ukraine's presidencies
• 13:28
  Speaker 2: there are more, and he wants answers from China. The
• 13:31
  Speaker 2: US is also really worried about this. Russian military bloggers
• 13:35
  Speaker 2: have even filmed other Chinese soldiers also fighting for the Russians.
• 13:40
  Speaker 2: Now they could be mercenaries, but China could now be
• 13:44
  Speaker 2: helping Russia militarily to pressure Donald Trump into giving up
• 13:49
  Speaker 2: on Ukraine and letting Russia win. And if the US
• 13:52
  Speaker 2: did walk away, it would split the West, split the
• 13:55
  Speaker 2: US in Europe, which would be massive a massive win
• 13:58
  Speaker 2: for China. So why do I connect this with China
• 14:02
  Speaker 2: Trump's trade war Because China has meanwhile hit back at
• 14:06
  Speaker 2: Trump's tarifs with its own tariffs on American imports, and Trump,
• 14:10
  Speaker 2: in turn today increased his to a crippling one hundred
• 14:15
  Speaker 2: and four percent.
• 14:18
  Speaker 7: There was a mistake for China to retaliate the president.
• 14:21
  Speaker 7: When America is punched, he punches back harder.
• 14:25
  Speaker 2: Trump staris could sabotage China's weak economy, but this also
• 14:29
  Speaker 2: involves national pride. After Vice President Jed E. Vance insulted
• 14:33
  Speaker 2: the Chinese.
• 14:35
  Speaker 3: We borrow money from Chinese peasants to buy the things
• 14:38
  Speaker 3: the Chinese peasants manufacturer.
• 14:40
  Speaker 7: That is not a recipe for economic prosperity.
• 14:43
  Speaker 3: Tinda, water your chip hole Moto, Lean and Chai You
• 14:51
  Speaker 3: don't know by.
• 14:54
  Speaker 2: So things really get out of hand, then what possibly
• 14:58
  Speaker 2: China could put pressure on Trump to drop the tariffs
• 15:02
  Speaker 2: by putting pressure in Ukraine, it could invade Taiwan even
• 15:07
  Speaker 2: like it's threatened, and grab its semiconductor industry, which is
• 15:11
  Speaker 2: absolutely critical for American technology. They none of this may happen,
• 15:17
  Speaker 2: but with Donald Trump and this touchy Chinese dictatorship, who knows?
• 15:22
  Speaker 2: Joining me is Sean Spicer, Trump's first White House Press Secretary.
• 15:27
  Speaker 7: Shawn Spicer.
• 15:28
  Speaker 2: Great to see you on yet another amazing day in
• 15:31
  Speaker 2: American politics, world politics. Really is there any panic sitting
• 15:36
  Speaker 2: into the White House about the fact that again another
• 15:39
  Speaker 2: bad day on the stock market, It just gets worse
• 15:43
  Speaker 2: and there's not really much sign yet of these trade
• 15:46
  Speaker 2: deals that Donald Trump was saying would come and solve
• 15:50
  Speaker 2: this whole tariff war.
• 15:52
  Speaker 7: Look, I was in the White House in the West
• 15:54
  Speaker 7: Wing earlier today. These guys are feeling very, very bullish.
• 15:59
  Speaker 7: I think they feel like this is where they want
• 16:01
  Speaker 7: to be tomorrow. I've got Kevin Hassett on my podcast.
• 16:04
  Speaker 7: These guys are feeling good, Andrew, I think that they're
• 16:08
  Speaker 7: they're getting a lot of positive calls from these countries
• 16:12
  Speaker 7: looking to negotiate it. I actually was with Prime Minister
• 16:15
  Speaker 7: net and Yahoo last night. He's was trying to strike
• 16:18
  Speaker 7: a deal with Donald Trump, not just on the tariff number,
• 16:20
  Speaker 7: but on the non tariff barriers. They keep doing these
• 16:23
  Speaker 7: readouts of other countries that are in a similar place.
• 16:26
  Speaker 7: I think the President feels like this might be a
• 16:28
  Speaker 7: little painful for the first few maybe week or so,
• 16:32
  Speaker 7: but I think they think this is going to up
• 16:33
  Speaker 7: in a very good place for America, you know, by
• 16:36
  Speaker 7: the end of week two or three.
• 16:39
  Speaker 2: Well, what do you make of these very spiteful brawl
• 16:42
  Speaker 2: between the sort of trade guru, Donald Trump's trade guru,
• 16:46
  Speaker 2: Petere Navarro and Elon Musk, who's it's a hot man
• 16:50
  Speaker 2: to have a fight. We've given his hundreds of millions
• 16:53
  Speaker 2: of followers.
• 16:55
  Speaker 7: Well not just his millions of followers, but his billions
• 16:58
  Speaker 7: of dollars, right. I mean. The thing that's interesting and
• 17:00
  Speaker 7: I get this is where you know, I've known Peter
• 17:03
  Speaker 7: a long time. We're on the first campaign together. But
• 17:05
  Speaker 7: when you walk into to a room and you say,
• 17:08
  Speaker 7: not only am I the richest man in the world,
• 17:10
  Speaker 7: Elon Musk, but I've built several big companies. They operate
• 17:14
  Speaker 7: around the world. I know what it's actually like to
• 17:18
  Speaker 7: sign both sides of a paycheck. You have a lot
• 17:21
  Speaker 7: of credibility, and especially not just with with other business leaders,
• 17:25
  Speaker 7: but with the President of the United States. And so look,
• 17:28
  Speaker 7: I wish they weren't having this spat on Twitter in public.
• 17:32
  Speaker 7: But you know, I will say this, I will echo
• 17:35
  Speaker 7: a little of what Caroline said today that the president
• 17:38
  Speaker 7: has always valued And when people ask me what do
• 17:41
  Speaker 7: we not know about Donald Trump? I tell them that
• 17:43
  Speaker 7: despite the Median era, he actually welcomes opposing views. And
• 17:48
  Speaker 7: I think that's the thing he's getting today. And I'm
• 17:50
  Speaker 7: glad there's too much talk about Oh he surrounded himself
• 17:53
  Speaker 7: with loyalists and syco fans. Look at the reality here
• 17:56
  Speaker 7: on this big, huge trade debate. He's got Elon Musk
• 17:59
  Speaker 7: very clearly in one camp, Peter Navarro and Howard Latnik,
• 18:02
  Speaker 7: the Commerce Secretary in another. That's healthy. That's good.
• 18:06
  Speaker 2: Now you mentioned and it's true. You know who said,
• 18:09
  Speaker 2: let's you know, Israel's prepared to drop all its trade
• 18:13
  Speaker 2: barriers and it's tariffs, but Donald Trump still wouldn't say yes.
• 18:17
  Speaker 2: And we'll do the same no deal was concluded. But
• 18:20
  Speaker 2: whatever the West does, the key sticking point now is China.
• 18:25
  Speaker 2: China is really aggressive. It's a hit America with his
• 18:30
  Speaker 2: own trade restrictions, and now Donald Trump is retaliated by
• 18:35
  Speaker 2: jacking up their tariffs over one hundred percent. And you've
• 18:39
  Speaker 2: got jd Vance meanwhile calling the Chinese peasants, whereas and
• 18:44
  Speaker 2: the Chinese have taken a great exception to that. Where
• 18:46
  Speaker 2: is this game because that is now merging with some
• 18:49
  Speaker 2: nationalist agenda.
• 18:52
  Speaker 7: Yeah, it's interesting that you bring that up because I
• 18:54
  Speaker 7: kind of look at everything that's happening in one big
• 18:57
  Speaker 7: group and then China as it's own little subset issue,
• 19:02
  Speaker 7: which is probably not that little of a subset issue.
• 19:04
  Speaker 7: But you get my point that I think there's all
• 19:06
  Speaker 7: the other countries and then China specifically. I I as
• 19:10
  Speaker 7: for me, I'm actually glad we're standing up to China
• 19:13
  Speaker 7: the way that we are. It's way. It's been way
• 19:15
  Speaker 7: too long. We have gotten abused by China since they
• 19:18
  Speaker 7: entered the WTO in the early two thousands. They are
• 19:21
  Speaker 7: not the responsible stakeholder. They are not embracing capitalism. They
• 19:25
  Speaker 7: steal from us our intellectual property. They need these tech
• 19:28
  Speaker 7: transfers they we have. You know, they've flooded the market
• 19:32
  Speaker 7: on a lot of cheap goods. They have stolen from
• 19:34
  Speaker 7: a spie on a sentus covid. I'm excited we're doing
• 19:38
  Speaker 7: this now. That all being said, I think that we
• 19:40
  Speaker 7: need a very clear strategy. What are we trying to
• 19:43
  Speaker 7: achieve from China? What is it that we want, because
• 19:46
  Speaker 7: I think one of the critiques that I would have
• 19:48
  Speaker 7: with the current policy is there's three kind of buckets
• 19:51
  Speaker 7: that this administration is putting itself in. Donald Trump's talked
• 19:54
  Speaker 7: for forty years about reciprocal trade. If they're at ten,
• 19:58
  Speaker 7: we should be at ten. If they go to zero,
• 19:59
  Speaker 7: we go too zero. I'm one hundred percent on board
• 20:01
  Speaker 7: on that. That's a market access argument. Right then you've
• 20:05
  Speaker 7: got other people in the government saying that we're going
• 20:07
  Speaker 7: to erase our deficit or a debt with all the
• 20:09
  Speaker 7: money that we bring in. Well, that undermines the reciprocal
• 20:12
  Speaker 7: trade argument because if you do that, then that means
• 20:15
  Speaker 7: you got to keep the tariffsa on. And then third
• 20:17
  Speaker 7: is that there's a discussion about trying to bring jobs
• 20:20
  Speaker 7: back to on shore them into America. Again, I'm on
• 20:22
  Speaker 7: board on that, but it seems in conflict with some
• 20:25
  Speaker 7: of the other policies that they're pursuing right now. So
• 20:28
  Speaker 7: I think first and foremost they have to define what
• 20:30
  Speaker 7: success looks like in China. Are we trying to bring
• 20:32
  Speaker 7: back more manufacturing? Are we trying to lower the trade
• 20:35
  Speaker 7: deficit with them? But the Trump administration I think is
• 20:38
  Speaker 7: going to find a lot of support when it comes
• 20:40
  Speaker 7: to taking on China. What I think they need to
• 20:43
  Speaker 7: do is have a very very clear and concise messaging
• 20:48
  Speaker 7: and communication strategy with respect to China and what we're
• 20:52
  Speaker 7: seeking to do there.
• 20:55
  Speaker 2: Well, that brings me to the fourth agenda, which you
• 20:58
  Speaker 2: didn't mention. I agree with everything you said about the
• 21:01
  Speaker 2: other three, and that is weakening China, quite specifically, weakening
• 21:06
  Speaker 2: the world's greatest tyranny and America's greatest threat. I mentioned
• 21:11
  Speaker 2: these soldiers are now being sent well or volunteering, we
• 21:15
  Speaker 2: don't know, to fight with Russia. I'm just wondering, is
• 21:22
  Speaker 2: there an agenda here to weaken China? Is that actually
• 21:27
  Speaker 2: one of the things here, and how we're trying to
• 21:29
  Speaker 2: respond to that.
• 21:32
  Speaker 7: Well, Look, their economy isn't what it used to be.
• 21:34
  Speaker 7: I mean, their target growth right now is five percent,
• 21:37
  Speaker 7: which is much lower than it's been so, but there's
• 21:40
  Speaker 7: a difference. Obviously. The way China is controlled by Chanoging
• 21:43
  Speaker 7: Bank is they can tolerate a lot. They can treat
• 21:46
  Speaker 7: their people in a lot different way than we can
• 21:48
  Speaker 7: in America. So there's a lot more built into what
• 21:53
  Speaker 7: they can do to their own people than we can
• 21:55
  Speaker 7: do here in America. I do think it's important though,
• 21:58
  Speaker 7: that we stand up to them, and it's a balancing act. Remember,
• 22:02
  Speaker 7: they own a lot of our debt and we rely
• 22:04
  Speaker 7: on them for a lot of cheap goods that come
• 22:07
  Speaker 7: from China. So until we're ready to embrace manufacturing back
• 22:11
  Speaker 7: here in America, we have to recognize that there is
• 22:15
  Speaker 7: a necessary relationship.
• 22:17
  Speaker 2: Look, these are momentous times and history seems to be
• 22:21
  Speaker 2: an absolute fast forward at the moment. Sean Spicer, thank
• 22:24
  Speaker 2: you so much for your time.
• 22:27
  Speaker 7: Always. Thanks Andrew.
• 22:29
  Speaker 2: Now I need to circle back to the Greens. You
• 22:32
  Speaker 2: have to ask yourself how terrible does a party have
• 22:37
  Speaker 2: to be before labor puts it last. The Greens have
• 22:40
  Speaker 2: been the party that has appealed to anti Semites. Is
• 22:44
  Speaker 2: a helped whip up division, it's backed racial division, and
• 22:50
  Speaker 2: now you just heard the Adam Band today at the
• 22:54
  Speaker 2: National Press Club outline an agenda that would financially ruin
• 22:58
  Speaker 2: the country, crack down on a biggest export earners and
• 23:02
  Speaker 2: crackdown on investments, crackdown on profits, crackdown on the ability
• 23:06
  Speaker 2: of landlords to get a decent return on their investment
• 23:09
  Speaker 2: in a property. I mean, it's just insane. Yet Labor
• 23:14
  Speaker 2: continually refuses to say put the Greens last, while meanwhile
• 23:21
  Speaker 2: it was demanding like it was a moral duty that
• 23:25
  Speaker 2: the Liberals should put the One Nation Party last. I'll
• 23:29
  Speaker 2: tell you what, One Nation is a lot less dangerous
• 23:31
  Speaker 2: to Australia's future than the Greens. What is going on
• 23:35
  Speaker 2: the Have the Labor Party lost completely any sense of
• 23:40
  Speaker 2: principle in dealing with a party like that. It's disgusting.
• 23:45
  Speaker 2: After the break you're going to have the debate between
• 23:48
  Speaker 2: the two guys trying to be the Treasurer of Australia
• 23:51
  Speaker 2: after the election. For me, good note