Latest / The Bolt Report / The Bolt Report | 7 April

Transcript

The Bolt Report | 7 April · The Bolt Report

0:11
Speaker 1: It's the Good Report tonight and exclusive the reconciliation racket.
0:17
Speaker 1: An Anglican priests who identifies as Aboriginal as appointed CoA
0:22
Speaker 1: Chair of Reconciliation Victoria threatens the rest of us with extermination.
0:28
Speaker 1: Plus why is Anthony Albanez he saying this never happened,
0:31
Speaker 1: He never fell? It's bizarre. Also tonight, trouble in the
0:35
Speaker 1: Trump camps, stock markets crashing on musk attacks, an architect
0:39
Speaker 1: of Donald Trump's tariffs, and plenty more. But let's get
0:43
Speaker 1: straight into it. Today is the day the world told
0:46
Speaker 1: us what we should really be talking about this election campaign.
0:51
Speaker 1: It's not Peter Dunton having to do an embarrassing backtrack
0:54
Speaker 1: today and working from home. It's not the Prime Minister
0:57
Speaker 1: again pouring on the personal abuse.
1:00
Speaker 2: Peter Darton can be really nasty.
1:04
Speaker 1: No, the world told us today, get real. Our stock
1:10
Speaker 1: market today dropped four percent on top of last week's losses.
1:15
Speaker 1: Just today. That's another one hundred billion dollars bike off shares,
1:19
Speaker 1: including the super funds of million Australians. Our dollar also
1:23
Speaker 1: sank again. It's lost thirteen percent of its value in
1:26
Speaker 1: just five months, and all this was triggered by Donald
1:29
Speaker 1: Trump last week announcing tarifskains the whole world, including US
1:32
Speaker 1: and everywhere. That was the same thing. Stock markets dropped,
1:36
Speaker 1: I mean, Hong Kong stock market down more than eleven percent,
1:39
Speaker 1: Japan's seven. It's absolutely clear that this is what should
1:44
Speaker 1: be the main topic of this campaign, our economy, making
1:50
Speaker 1: it stronger in what's and now what's now a very
1:54
Speaker 1: dangerous world because this blow comes when an economy under labors,
1:59
Speaker 1: already struggling growth, low productivity, terrible government debt, lut next year,
2:04
Speaker 1: more than a trillion dollars, electricity prices uncompetitive, Australians living
2:09
Speaker 1: standards falling. Three more years of this, what shape will
2:14
Speaker 1: this country be in? But where are the policies to
2:18
Speaker 1: save our future? Instead? On the weekend we got Labor
2:23
Speaker 1: doubling down and its disastrous policy to get rid of
2:26
Speaker 1: our coal fire generators and replacement unreliable wind and solar
2:31
Speaker 1: policies that have sent your power bills through the roof,
2:33
Speaker 1: that have wiped out whole industries. But never mind all that,
2:37
Speaker 1: Labor is now promising to give four thousand dollars to
2:42
Speaker 1: every one of half a million Australian households from among
2:46
Speaker 1: the eleven million. We have four thousand dollars to each
2:50
Speaker 1: of them from taxpayers to help those half a million
2:53
Speaker 1: by batteries to stare the extra electricities from the solar
2:56
Speaker 1: panels when they need them.
2:58
Speaker 2: Why do Australians rooftop solar because it's the cheapest way
3:02
Speaker 2: to power your home. It's about to get even cheaper.
3:06
Speaker 2: Label cut the cost of installing a home battery, saving
3:09
Speaker 2: you four thousand dollars and splashing the power bell.
3:13
Speaker 1: What a fraud, What another colossal waste of your money.
3:17
Speaker 1: Only a lucky few people are going to get this
3:19
Speaker 1: four thousand dollar handout, and they are people obviously who
3:21
Speaker 1: can afford it by first solar panels, plus now pay
3:25
Speaker 1: for the rest of the cost of a battery, which
3:28
Speaker 1: is at least another nine and a half thousand dollars
3:32
Speaker 1: on top of the scrat So obviously they're wealthier people
3:35
Speaker 1: and they get this hand out from the rest of us,
3:37
Speaker 1: including the poor, and including people who have to rent
3:40
Speaker 1: and can't have solar panels. So crazy. But the government
3:44
Speaker 1: claims that these batteries will save those lucky few up
3:49
Speaker 1: to one thousand dollars a year on their power bills. Now,
3:52
Speaker 1: even if that's true. Even if the batteries and the
3:56
Speaker 1: solar panels that don't fail, that don't decay, and they
3:59
Speaker 1: work flat out and augos sticknyboo, it would still take
4:02
Speaker 1: you more than nine years at best to pay off
4:06
Speaker 1: your share of those generators. Is that a great investment?
4:10
Speaker 1: The rest of us are certainly worse off because we
4:13
Speaker 1: have to fund the governments share of all this two
4:15
Speaker 1: point three billion dollars all up. For that, you could
4:19
Speaker 1: just buy a new low missions cofide station to give electricity,
4:23
Speaker 1: more electricity to all of us. You could do it
4:26
Speaker 1: like China's doing. So why this circus, well, says the premise,
4:31
Speaker 1: it's the fat global warming in it. It's good for
4:34
Speaker 1: the environment as well. But is it has Albanize ever
4:38
Speaker 1: been to where these batteries are made now? Channel seven
4:42
Speaker 1: is Liam Bartlat just did go to Indonesia, the biggest
4:45
Speaker 1: supplier of nickel for batteries, especially batteries for electric cars,
4:50
Speaker 1: and he saw what these nickel makers there were spewing
4:53
Speaker 1: out all kinds of global warming, emissions and pollution.
4:59
Speaker 3: We are at the center of the world's green electric
5:02
Speaker 3: vehicle industry, but as you can see, there's nothing green
5:05
Speaker 3: about this. This so called industrial park produces more pollution
5:09
Speaker 3: than the entire Australian nickel industry combined, and it's a
5:13
Speaker 3: lot easier to do business here. There are no serious
5:16
Speaker 3: rules and regulations, there are no serious safety protocols. But
5:20
Speaker 3: if you're serious about environmental protection, think about this. This
5:25
Speaker 3: place produces almost eleven times the amount of greenhouse gases
5:30
Speaker 3: to produce the same battery as you would for an
5:34
Speaker 3: equivalent production process in Australia.
5:38
Speaker 1: Not that Albin Easi's Environment Sir Chris Bowne wants to
5:41
Speaker 1: discuss with the Empartment. What labors push for more batteries
5:45
Speaker 1: and more electric cars actually look like this.
5:48
Speaker 3: Show you've just opened, Lister.
5:54
Speaker 1: The show has just opened is full of vehicles.
5:57
Speaker 4: A very good government.
6:00
Speaker 1: That green agenda, the fake green agenda, is exactly how
6:03
Speaker 1: this governors weaken our economy, exactly when we desperately needed
6:08
Speaker 1: to get stronger. But then there's the opposition. Of course
6:13
Speaker 1: that's true. The coalition is struggling and I wish it
6:16
Speaker 1: had explained its policies better. I wish it had thought
6:19
Speaker 1: through those policies better so that Peter Dutton today didn't
6:22
Speaker 1: have to go through the embarrassment of ditching his promise
6:25
Speaker 1: to stop public servants in Canberra from working from home.
6:29
Speaker 1: I mean Labor just started lying in killing the Coalition
6:34
Speaker 1: by saying, oh, Dutton's actually against anyone working from home.
6:38
Speaker 5: We've made a mistake from relation to the policy. We're
6:41
Speaker 5: apologize for that and we've dealt with it now.
6:44
Speaker 1: You can see why Dutton is panicking. A newspert today
6:46
Speaker 1: showed the Coalition slipping further behind Labor forty eight fifty
6:50
Speaker 1: two and Dunton had to ditch this policy and it
6:53
Speaker 1: will hurt him for doing that. I mean, people are
6:55
Speaker 1: going to ask what other policies of his are half baked.
7:00
Speaker 1: I'm going to say I'm not sold on a flat
7:02
Speaker 1: band from working from home. I work from home, work hard.
7:06
Speaker 1: But the way the Prime Minister today attacked Peter Dunton
7:10
Speaker 1: on this policy did suggest that Dunn had actually been
7:14
Speaker 1: right the first time. Maybe working from home didn't always
7:19
Speaker 1: mean working Albany have released this post of his visit
7:23
Speaker 1: to a family today who we're told we're working from
7:26
Speaker 1: their Melbourne home on this Monday morning. My organization is
7:30
Speaker 1: in the city, but I basically work from home Monday
7:33
Speaker 1: through Thursday. YEP, which has been awesome because it's allowed
7:36
Speaker 1: me to hang around with these little guys.
7:38
Speaker 3: I think pretty much.
7:39
Speaker 2: Yeah, and do you go into the office one of Friday.
7:42
Speaker 6: And Friday usually into the office, yeah, yeah.
7:44
Speaker 7: And then and then you work from home?
7:46
Speaker 8: Yeah right, yeah, So it works for everyone here. It
7:50
Speaker 8: means that these guys don't have to it doesn't have
7:52
Speaker 8: to go to check out at all anymore.
7:55
Speaker 1: Of course, I'm sure that when the Prime Minister left
7:57
Speaker 1: their home, the couple went straight back to work, squad
8:00
Speaker 1: away the children somewhere quiet. They probably even work longer
8:05
Speaker 1: to make up for the lost time. They're talking to
8:06
Speaker 1: Alban Easy, but I must say didn't look a great
8:10
Speaker 1: way for anything. Alb And Easy to persuade us, there's
8:12
Speaker 1: absolutely nothing wrong with working from home now, seeing that
8:17
Speaker 1: when Australia has got to work its way out of
8:19
Speaker 1: this drafe we're in, when we've got to ditch the
8:23
Speaker 1: entitlement mentality, we've got to scrap the green fantasies that
8:26
Speaker 1: are wasting our wealth. And on that I want to
8:31
Speaker 1: finish on something. Well, indulge me. Look, I'm going to
8:36
Speaker 1: talking to plenty of experts that are you know, economists
8:38
Speaker 1: and academic political experts all that, But there's one guy
8:42
Speaker 1: who's not an expert. He's on this all up brilliantly
8:46
Speaker 1: and for that has gone viral on Instagram. Now this
8:49
Speaker 1: guy is just just as if it's just a farmer,
8:55
Speaker 1: a coal miner, a trade. His name, Stuart Bonds, is
8:58
Speaker 1: now running for Electrical one Nation in the seat of Hunter.
9:02
Speaker 1: More than two hundred thousand people in one day have
9:05
Speaker 1: already viewed this post of his. Can you tell me
9:08
Speaker 1: why we will load trains billions to billions of times
9:12
Speaker 1: of coal and one hundred carriage trains shipped all the
9:15
Speaker 1: way over to China and there they can earn it
9:18
Speaker 1: for cheap electricity, turn it into winter the lines and
9:21
Speaker 1: ship them back and we're going to build them all
9:25
Speaker 1: around our community. If people will need one thousand of.
9:28
Speaker 7: These things spinning twenty four.
9:30
Speaker 5: Hours a day to will paste one two thousand leg
9:33
Speaker 5: or by Caul five pouers mentionment, dude, Well, the.
9:35
Speaker 7: Time you build them, people have been rebuilding them.
9:38
Speaker 1: They think that once many years do you think that
9:41
Speaker 1: this can infrastructure and tens of thousands of horleters of
9:45
Speaker 1: transmission lines is going to make your life.
9:48
Speaker 5: Cheaply up Well, I'm going to breach to selling in
9:50
Speaker 5: New York.
9:52
Speaker 1: Perfectly summed up, and it is all madness the way
9:56
Speaker 1: that labors running this economy with this mad green agenda.
10:02
Speaker 1: And you don't need an economics degree to see it.
10:05
Speaker 1: You just need politicians with the guts to say it,
10:08
Speaker 1: and to say it now. Son Trump today costs Australians
10:15
Speaker 1: another one hundred billion dollars with his taraffor. If you've
10:18
Speaker 1: got shares, if you're in super fun, you've been hurt.
10:21
Speaker 1: And there's more. The Australian dollar finished around sixty cents.
10:25
Speaker 1: The day has lost thirteen percent of its values since October.
10:30
Speaker 1: Too bad if you were going overseas or buying something
10:32
Speaker 1: from overseas in America. The mayhem is causing cracks right
10:37
Speaker 1: at the top of the Trump administration. Stops there fell
10:39
Speaker 1: ten percent at the end of last week. More falls
10:42
Speaker 1: are expected to not But worse for Trump is that
10:44
Speaker 1: Elon Musk, the owner of X, the man heading Trump's
10:47
Speaker 1: cost cutting, has just posted an attack on Trump's top
10:50
Speaker 1: trade advisor, Pi de Navarro, the man behind this tariff war,
10:54
Speaker 1: Trump's tariffor, accusing Navara of having a problem ego, of
10:58
Speaker 1: having bad credentials a minute a Harvard or never having
11:03
Speaker 1: built shit. Excuse the language. And Davaru, in his turn said,
11:08
Speaker 1: Musk was just talking from his wallet.
11:11
Speaker 9: Do we just have to understand? Elon sells cars and
11:15
Speaker 9: he's in Texas assemblance cars that have big parts of
11:20
Speaker 9: that car from Mexico, China. Batteries come from Japan or China,
11:26
Speaker 9: the electronics come from Taiwan, and he simply protecting his
11:31
Speaker 9: own interests as any business person would do.
11:35
Speaker 1: Join me from Washington is Australian Stephen Hamilton, Assistant Professor
11:39
Speaker 1: of Economics of the George Washington University and a visiting
11:42
Speaker 1: fellow at the Australian National University. Stephen Hamilton, thanks for
11:46
Speaker 1: joining me again. How bad is this selloff?
11:52
Speaker 7: Yeah, so you know we obviously we're seeing the Australian
11:55
Speaker 7: market open. In the US market won't open tomorrow morning.
11:58
Speaker 7: The futures indicate that over three days it will be
12:01
Speaker 7: the worst brash since nineteen eighty seven, which is worse
12:05
Speaker 7: than two thousand and eight, worse than COVID. So yeah,
12:10
Speaker 7: pretty significant in historical terms, you know, just billions and
12:13
Speaker 7: billions of value wiped off.
12:16
Speaker 1: It seems to be about more than just Donald Trump's
12:19
Speaker 1: tariffs now, doesn't it?
12:23
Speaker 7: Well, I think there's two things to think of, you know.
12:25
Speaker 7: I mean, Donald Trump could come out on Monday morning
12:28
Speaker 7: and reverse everything, you know, delay it a month, you know,
12:32
Speaker 7: and say, oh, well, let's wait and see what people
12:35
Speaker 7: offer me. But I think the bigger issue is, you know,
12:38
Speaker 7: there is a degree of uncertainty now that has been
12:40
Speaker 7: injected into the system that can't be unwound, right. I mean,
12:45
Speaker 7: I think a lot of big investors, even just mums
12:48
Speaker 7: and dads thinking should I buy a fridge?
12:51
Speaker 4: Right?
12:52
Speaker 7: Everyone is going to be sitting on their hands to
12:54
Speaker 7: wait to see what happens. And so I think that
12:56
Speaker 7: uncertainty that is the big cost of these moves, and
13:01
Speaker 7: that's the sort of thing, frankly, that could drive the
13:04
Speaker 7: US economy into recession.
13:08
Speaker 1: How much of this is an overreaction or in fact,
13:12
Speaker 1: pay maybe a wise reaction to the inflation that we've
13:16
Speaker 1: seen in the stock market values over the last year
13:20
Speaker 1: and a bit, they've run very hot. Is this just
13:23
Speaker 1: coming back down to normal? To be honest, I.
13:29
Speaker 7: Don't think so. I Mean, here's the thing. The US economy,
13:33
Speaker 7: the recovery since COVID has been very robust, and there's
13:37
Speaker 7: a huge difference between what's happened in the US and
13:39
Speaker 7: what's happened in Australia. So Americans have achieved quite remarkable
13:44
Speaker 7: increases in productivity since COVID, right, So the real economy
13:49
Speaker 7: has been stronger. They've managed to have strong employment, but
13:52
Speaker 7: they've also managed to keep productivity up, which has meant
13:56
Speaker 7: the US economy has been very strong, which has brought
13:59
Speaker 7: profits conditions to US businesses. So I think that the
14:03
Speaker 7: stock market, you know, has really reflected pretty strong fundamentals, right,
14:07
Speaker 7: And that's that's a miracle. To have achieved that kind
14:11
Speaker 7: of robust growth over such a long time is amazing.
14:14
Speaker 7: So I don't think there was anything about the US
14:18
Speaker 7: economy free Trump being elected that gave me any reason
14:23
Speaker 7: to expect that, you know, there was a bubble or
14:25
Speaker 7: there was anything that needed to collapse. I mean, honestly,
14:29
Speaker 7: this is an extraordinary situation. A single person can sign
14:34
Speaker 7: a single executive order and wipe twenty to twenty five
14:37
Speaker 7: percent off the value of US stocks. I mean, that
14:40
Speaker 7: is that is that is truly extraordinary.
14:43
Speaker 1: It is amazing to me. What is the message here
14:47
Speaker 1: for Australia? You said, well, look at the rise in
14:50
Speaker 1: stock prices in America. It had robust productivity growth, et cetera,
14:54
Speaker 1: et cetera. Here we have not. We've had almost no
14:58
Speaker 1: productivity growth, very very little. Most of the economic growth
15:03
Speaker 1: we've seen has been through government spending, not private spending.
15:08
Speaker 1: I think to me, given this is happening in a
15:11
Speaker 1: in an election context, is a real wake up call
15:15
Speaker 1: to the need to get cracking on economic reform. What
15:18
Speaker 1: is it a mess? What is the message you see
15:21
Speaker 1: in it? Yeah?
15:22
Speaker 7: So I think there's two things. One that there is
15:24
Speaker 7: a you know, Australian policy makers need to be watching
15:29
Speaker 7: this very closely because I think, you know, as we
15:31
Speaker 7: as we've discussed before Andrew, I think that the sort
15:34
Speaker 7: of contagion could spread very easily from Australia through through China,
15:39
Speaker 7: through a global recession driven by the US, through a
15:43
Speaker 7: sort of surplus of Chinese goods flooding into Australia. There
15:46
Speaker 7: are a lot of effects that go well beyond our
15:49
Speaker 7: very small trading relationship with the US. So that's that's
15:52
Speaker 7: one right, we need to be very vigilant to act
15:55
Speaker 7: quickly if if there are big economic effcts on Australia
15:59
Speaker 7: The second thing is a longer term question, right, I
16:02
Speaker 7: think we you know, Australia is a little country. We
16:06
Speaker 7: have to trade with the world. We are therefore very
16:09
Speaker 7: exposed to global conditions, and so I think, you know,
16:13
Speaker 7: we've been able for more than a decade to be
16:16
Speaker 7: quite complacent, to be able to sell coal, iron or
16:21
Speaker 7: gas to China without really thinking deeply about our economic
16:25
Speaker 7: productivity in the long run. And I think this is
16:28
Speaker 7: a wake up call to us to say, yeah, we
16:31
Speaker 7: need to get the fundamentals of our economy in order.
16:35
Speaker 7: If we don't, you know, I've used this quote before
16:38
Speaker 7: from Lky from Singapore. You know, otherwise we've become the
16:41
Speaker 7: for right trash of Asia. And I think that's the
16:44
Speaker 7: message to take away.
16:47
Speaker 1: Absolutely, we've got to do more about value adding here
16:51
Speaker 1: to capitalizing our magnificent resources. Stephen Hamilton, thank you so much,
16:56
Speaker 1: indeed for your time.
16:58
Speaker 7: Is Edrew.
17:00
Speaker 1: I think Albaneze has done something so strange that it's
17:04
Speaker 1: a metaphor really for this whole election campaign where they
17:07
Speaker 1: just sells outright lies with such a conviction that voters
17:10
Speaker 1: tend to believe it. You know, Peter Dutton promises to
17:14
Speaker 1: cut Medicare medicare well. Last Thursday the premise of fell
17:17
Speaker 1: off a stage, it says not and had to be
17:19
Speaker 1: lifted back up. Yet that very evening albany Is he
17:23
Speaker 1: told ABC Radio that what you and millions of other
17:26
Speaker 1: Australians have seen didn't actually happen. He hadn't fallen off
17:30
Speaker 1: a stage or even fallen at all.
17:33
Speaker 2: I stepped back one step, I didn't fall off the stage.
17:38
Speaker 1: That's seriously weird. And if Albaneze can deny that reality,
17:43
Speaker 1: what else is he denying even to himself? And what
17:47
Speaker 1: do you know? The Albanesi government is out of the
17:49
Speaker 1: coalition in polls? Is it because they can tell lives
17:54
Speaker 1: for such conviction? I don't know. Joining me at Michael
17:56
Speaker 1: Kroger form of Victorian Liberal President Steve Connor of formulated
17:59
Speaker 1: senator and having to Minister Michael, why have the Liberals
18:03
Speaker 1: gone backwards in the polls?
18:07
Speaker 7: Well?
18:07
Speaker 10: And all that's happened in the first couple of weeks
18:09
Speaker 10: is that two to three percent of people who'd previously
18:12
Speaker 10: indicated they were voting for the coalition have gone to
18:15
Speaker 10: the right. And because we'll tend to get only fifty
18:19
Speaker 10: or sixty percent of those votes back our votes down
18:22
Speaker 10: one and Labors is up one. So that's all that's happened.
18:24
Speaker 10: There have been no at a macro level, there's been
18:27
Speaker 10: no dramatic developments. And as for today's backflip by Peter
18:31
Speaker 10: Dutton and people saying, oh this is terrible, I'm just
18:35
Speaker 10: reminded of the great Peter Beatty, the Queensland former premier,
18:38
Speaker 10: who made an art form, an art form in apologizing
18:42
Speaker 10: to the public for perceived policy areas errors, and they
18:47
Speaker 10: loved him for it because they all took the view
18:49
Speaker 10: The subliminal response was that this is an informal form
18:52
Speaker 10: of democracy where we've spoken, the politicians listened, so it
18:56
Speaker 10: never harmed Peter Beatty, a backflip on an issue where
18:58
Speaker 10: the majority of people disagreed with him, and in contrast,
19:02
Speaker 10: it actually did him a tremendous amount of goods. So
19:05
Speaker 10: to all those liberals today who are upset about what happened,
19:08
Speaker 10: think about how Peter Betty was the master of this backflip.
19:13
Speaker 1: Well, I don't know. That's rather putting a gloss on it.
19:15
Speaker 1: I didn't think it was a great thing to make
19:17
Speaker 1: a mistake in the first place, to be frank, But Stephen,
19:21
Speaker 1: what do you make of it. Why are the Liberals behind?
19:24
Speaker 5: Well, okay, some of what Michael said was right about
19:27
Speaker 5: where the liberal primaries come down, but I do agree
19:30
Speaker 5: with you. I think Michael had the stick out.
19:32
Speaker 1: On the pig there.
19:35
Speaker 5: Labour's votes come up marginally, But for anyone wanting to
19:38
Speaker 5: get excited on the labor side, these are movements within
19:42
Speaker 5: the margin of errors of these poles. It's nice to
19:45
Speaker 5: see Labor just ticking up slightly, but these are the
19:49
Speaker 5: margin of error. Labour's primary vote needs to build a
19:54
Speaker 5: little further thirty four, maybe thirty five if it wants
19:58
Speaker 5: the chance of really driving home majority governments, which would
20:01
Speaker 5: be an extraordinary outcome given where labor has been over
20:04
Speaker 5: the last few years. But Peter Dutton just and again,
20:09
Speaker 5: I think I said this last week Andrew, I actually
20:12
Speaker 5: don't get it. I don't understand Peter Dutton apiece have
20:15
Speaker 5: been frozen about four or five weeks ago and has
20:18
Speaker 5: not been able to shake off a sort of lack
20:22
Speaker 5: of confidence. I'm sure he's actually going to find his
20:24
Speaker 5: stride over the next week or two, but he just
20:27
Speaker 5: seems to be a bit frozen. And this backflip you've
20:30
Speaker 5: seen today is more substantive than Michael tried to make it,
20:34
Speaker 5: but it showed poor policy preparation by his team, not
20:39
Speaker 5: just himself.
20:39
Speaker 1: But it's table Taylor. It's exactly the point. Yeah, that
20:44
Speaker 1: is exactly the point. I don't think he's got the
20:47
Speaker 1: depth of talent behind him, or at least people prepare
20:51
Speaker 1: to put up their hand and fight he was supposed
20:54
Speaker 1: to put. He promoted just into them, Jip of Price
20:57
Speaker 1: a month and a half ago to stand with him,
20:59
Speaker 1: promoted as if you could stand with him on the
21:01
Speaker 1: campaign trail and really say something, it's been almost invisible since.
21:04
Speaker 1: I mean, it's just whatble.
21:06
Speaker 5: Angus Taylor's refusing to debate Angus Taylor's refusing to debate
21:09
Speaker 5: Jim Chalmers. I mean, was when was the last time
21:12
Speaker 5: he had a shadow treasure? Refusing an opportunity to debate
21:16
Speaker 5: the treasure at the National Press Club? Unheard of.
21:21
Speaker 10: In a couple of days, isn't it.
21:23
Speaker 5: It was a debate the debate, but Taylor was saying,
21:26
Speaker 5: you didn't want to debate charmers. Now, maybe he's been
21:28
Speaker 5: shamed into it in the last twenty four hours.
21:31
Speaker 1: But Stephen, first, he didn't have the.
21:35
Speaker 4: Great scared of Jim's doing it.
21:38
Speaker 5: Well, he's the one who said he wouldn't do it.
21:42
Speaker 4: We didn't made that.
21:45
Speaker 10: Debating Kim Charmers, Steven.
21:47
Speaker 5: I can send you the article, Michael, I'll send you
21:50
Speaker 5: the article. He said he wasn't going to do it.
21:52
Speaker 10: Okay, you do that.
21:53
Speaker 1: You do that, Michael, Michael, how meany is he's full?
21:57
Speaker 1: Can you explain why you would know something that isn't
22:02
Speaker 1: what it's not going to hurt you and everyone saw it.
22:06
Speaker 4: Why did he deny it?
22:07
Speaker 1: I know it's a small thing in one sense, but
22:09
Speaker 1: it is so bizarre.
22:12
Speaker 10: Yeah, it is bizarre. The answer is I cannot explain it.
22:16
Speaker 10: I mean, say what he fell. I mean plenty of
22:18
Speaker 10: political leaders have slipped over down, up and downstairs. Okay,
22:23
Speaker 10: it happens to human beings. So I don't know why
22:26
Speaker 10: he denied it. But it is part of a pattern,
22:28
Speaker 10: as you pointed out, it's part of a pattern where
22:31
Speaker 10: labor deny reality and then try and move on. They
22:35
Speaker 10: say and do things and they're not picked up on it.
22:38
Speaker 10: I mean, you know, I think you mentioned this today Andrew.
22:42
Speaker 10: Look at his comments about medicare. He said Dutton was
22:44
Speaker 10: going to slash and burn medicare. And I haven't seen
22:48
Speaker 10: a single journalist ask him at a prayers conference or
22:52
Speaker 10: seen an article about where alban is he He has
22:55
Speaker 10: been picked up on Oh, where is Peter Dutton slashing burn?
22:59
Speaker 10: Where is he said? Show the evidence of this? I
23:01
Speaker 10: mean if the dunnuts it that he would have been hounded.
23:03
Speaker 10: Albaniz He says these things and he gets away with
23:05
Speaker 10: it like blue murder. So I don't know why he
23:09
Speaker 10: did it. It was a stupid thing to say, because
23:11
Speaker 10: this stuff happens to everyone and you just move on.
23:13
Speaker 10: But now he's made a bigger issue Andrew because of
23:16
Speaker 10: his own foolishness.
23:19
Speaker 1: I think it's a dmatican campaign special from Labor, to
23:22
Speaker 1: be honest, But there there you go, Stephen. This battery
23:26
Speaker 1: promise four thousand dollars subsidy, you know the way of
23:31
Speaker 1: cutting your bills, say Labor, But really, how does it
23:36
Speaker 1: work when it's a subsidy effectively for the rich who
23:39
Speaker 1: can afford have a house, who can afford to put
23:43
Speaker 1: solar panels on it, and now afford to cough up
23:45
Speaker 1: at least nine and a half thousand dollars for their
23:48
Speaker 1: share of the battery. What is this welfare for the rich.
23:52
Speaker 5: Now, well, look, I hope the campaign spends every single
23:57
Speaker 5: day talking about Labour's promise around batteries and solar panels.
24:03
Speaker 1: That's the true Australia has the largest tree, saying.
24:09
Speaker 5: It's a substantive policy offering, and I hope you know
24:13
Speaker 5: everyone focuses on it for the next three weeks because
24:16
Speaker 5: Labor will slaughter, will slaughter. Australians have got the highest
24:20
Speaker 5: takeup of solar panels anywhere in the world. So anything
24:24
Speaker 5: that helps support Australians doing that, Australians are going to
24:26
Speaker 5: get behind. So I hope the Liberals continue tolaign against Australians.
24:31
Speaker 1: Do it now the take up.
24:33
Speaker 5: Is as much as they get demographic The takeup is
24:36
Speaker 5: across a much broader demographic than yours. Trying to suggest
24:40
Speaker 5: it's not just the risk. We've got the highest take up.
24:43
Speaker 1: With the work of it, Michael world Maker.
24:47
Speaker 10: Andrew, you need about fifteenth in round figures, you need
24:50
Speaker 10: fifteen thousand dollars of pretext income to get nine thousand
24:54
Speaker 10: to pay for the battery. Well, who's got that type
24:58
Speaker 10: of money amongst the working p the middle classes in
25:02
Speaker 10: the outer suburban seats, we've got, you know, fifteen thousand
25:04
Speaker 10: pre tax dollars to pay for the batteries. This is
25:07
Speaker 10: a policy designed for the inner city left wing voters
25:11
Speaker 10: in Brisbane, Ryan Griffith's McNamara, Melbourne, et cetera. This is
25:16
Speaker 10: a this is a policy for the inner city elites
25:19
Speaker 10: who don't have nine thousand aster tax dollars, you know,
25:22
Speaker 10: who do have that money that the ordinary work and
25:25
Speaker 10: folk don't have. Andrew, it is not it is not
25:27
Speaker 10: a vote winner working class. I can tell you that.
25:31
Speaker 1: Yeah, through the five billion dollars from people putting their
25:36
Speaker 1: share of the seven and a half billion dollars, you
25:39
Speaker 1: could actually buy a seriously good couple of coul fired
25:43
Speaker 1: power stations, maybe even a nuclear one for that money.
25:46
Speaker 1: Michael Krogsty and Conor, thank you very much to you both.
25:50
Speaker 1: After the break, trouble in the Trump camp as Trump's
25:53
Speaker 1: tariff causes stock markets everywhere to crash. Now it's trump
25:58
Speaker 1: right hand man Elon Musk lashing out now just to
26:07
Speaker 1: confirm my correction to Steve Conroy before the break from
26:10
Speaker 1: running away from a debate, Angus Taylor, the coalition's treasury spokesman,
26:15
Speaker 1: is in fact debating treasurer of Jim Charmers right here
26:19
Speaker 1: on Sky seven point thirty Tuesday, right in the middle
26:22
Speaker 1: of my show. Anyway, tune in then. Meanwhile, Donald Trump
26:27
Speaker 1: has caused the biggest stock market crash seen since the
26:30
Speaker 1: COVID pandemic here and around the world by last week,
26:33
Speaker 1: hitting almost every country with tariffs except Russia. But the
26:37
Speaker 1: US President overnight suggest that many countries now want to
26:40
Speaker 1: make a deal to end this. We take there are
26:44
Speaker 1: millions of cars.
26:45
Speaker 11: They take no cars, they don't take our farm product,
26:49
Speaker 11: they don't take anything.
26:50
Speaker 1: You're up strated us very badly. We put a big
26:52
Speaker 1: tariff in Europe.
26:54
Speaker 11: They are coming to the table. They want to talk,
26:56
Speaker 11: but there's no talk unless they pay us a lot
26:59
Speaker 11: of them on a yearly basis Number one for present
27:03
Speaker 11: but also for past, because they've taken a lot of
27:06
Speaker 11: our wealth away and we're not.
27:08
Speaker 1: Going allowed to happen. Joining me is the country's top
27:11
Speaker 1: foreign affairs right to Greg Sheridan of Australian Greg, the
27:14
Speaker 1: world has gone mad. We need you, we need your
27:17
Speaker 1: spotlight on these things. It's incredible. A lot of Trump supporters, Greg,
27:21
Speaker 1: as you well know, cannot believe Trump would make a
27:23
Speaker 1: mistaken abuse. People don't me for pointing out when the
27:26
Speaker 1: occasions that he does. They claim there's a plan here,
27:29
Speaker 1: as in many of his other mistakes that most ordinary
27:33
Speaker 1: mortals cannot see. What is that plan?
27:38
Speaker 12: Well, Andrew, I mean, like you, I praised Trump when
27:42
Speaker 12: he does something good. I criticized him when he does
27:43
Speaker 12: something bad. And sometimes you get abuse from both Trump
27:47
Speaker 12: supporters and Trump opponents for the same for the same column.
27:51
Speaker 12: But it's very hard to see any redeeming features here.
27:54
Speaker 12: In so far as he has a plan, it is
27:56
Speaker 12: that he's going to raise a lot of revenue out
27:58
Speaker 12: of this, which will finance this tax cut, and he
28:01
Speaker 12: will cause other countries to drop their trade barriers to
28:06
Speaker 12: the United States, and he'll also incentivize international business to
28:11
Speaker 12: come and set up factories in America. But the staggering
28:15
Speaker 12: quantity of the stock market losses which have followed his decisions,
28:20
Speaker 12: and also the preposterous levels of some of the tariffs
28:23
Speaker 12: that he's imposed, the disruption cost. So Trump is a disruptor,
28:29
Speaker 12: and he likes to be at the center of a
28:31
Speaker 12: high drama negotiation, but he seems to give no weight
28:36
Speaker 12: at all to the cost of this disruption and Now,
28:40
Speaker 12: even people who are absolute died in the wall Trump
28:43
Speaker 12: supporters like Elon Musk are saying no, no, no, this
28:47
Speaker 12: is too damaging. And I mean every economist who doesn't
28:52
Speaker 12: work for Trump is saying this is going to raise
28:56
Speaker 12: prices and probably produce a recession in the United States.
29:01
Speaker 4: Well, that's not what.
29:01
Speaker 12: Working class voters wanted from Trump. He could have taken
29:04
Speaker 12: action against China, and he could have taken more precise
29:07
Speaker 12: action against the European Union and had a lot of support. Instead,
29:11
Speaker 12: he's taken action against everybody, and it's chaotic.
29:16
Speaker 1: And it's going to cost America friends, which I think
29:18
Speaker 1: is going to be of pain for America in the future. Now, Greg,
29:23
Speaker 1: I wonder if we're already seeing a real problem emerging
29:27
Speaker 1: here with so many that you see with so many
29:29
Speaker 1: strong men leaders. Strong men leaders who glory in their power,
29:33
Speaker 1: they attract toadies who just tell them they're fantastic. And
29:36
Speaker 1: the latest example in Trump's court is Brendan carr Is,
29:39
Speaker 1: this chairman of the Federal Communications Commission, who now wears
29:42
Speaker 1: on his lapel a trump pin that features the golden
29:47
Speaker 1: head of President Donald Trump. Now, Trump last week also
29:51
Speaker 1: fired the General hitting is National Security Agency and five
29:54
Speaker 1: of the top of security officials. After a meeting with
29:56
Speaker 1: a conspiracy blogger from the far right, Laura Luma wh
30:00
Speaker 1: of them they weren't loyal to him, and she later
30:03
Speaker 1: boath said, I'm stopping these traders before they can strike.
30:07
Speaker 1: What is all this telling you? Well, this is very disturbing.
30:12
Speaker 1: So Trump at his best does good things that no
30:14
Speaker 1: one else would do. But trumpet his worst, does bad
30:16
Speaker 1: things that no one else would do.
30:18
Speaker 3: Laura Luma is.
30:19
Speaker 12: A preposterous person to be influencing the American President. Trump
30:24
Speaker 12: had to kick her off his plane during the campaign
30:26
Speaker 12: because her mere presence there was so embarrassing some of
30:30
Speaker 12: the things she said, some of the conspiracies she's believed in. Now,
30:34
Speaker 12: Trump and his national Security advisor have hired people who
30:39
Speaker 12: have been lifelong Republicans and worked for the National Security
30:43
Speaker 12: Advisor Mike waltsh when he was a congressman, to work
30:46
Speaker 12: in the National Security Council. And she comes along and says,
30:49
Speaker 12: you know, there lizard Illuminati sent from Marsa's. I mean,
30:52
Speaker 12: obviously she didn't say that, but she says, they're you know,
30:55
Speaker 12: they're wicked communists or something. And Trump fires them all.
31:00
Speaker 12: Trump has hired a lot of really loopy people and
31:05
Speaker 12: sacking all these generals simply because they weren't sort of
31:09
Speaker 12: Trump acolytes. I mean that senior official wearing a badge
31:13
Speaker 12: of Trump's head like that, that's what you see in
31:15
Speaker 12: North Korea. But you know, one final thought I'd leave
31:19
Speaker 12: you with on that though, Andrew, is our campaign here
31:22
Speaker 12: in Australia, although it's not disfigured by big figures, is
31:27
Speaker 12: as utterly wretched and banal and free of substance, and
31:32
Speaker 12: refuses to confront any serious issue or any of the
31:35
Speaker 12: multiple crises we're facing as the American campaign does. So
31:40
Speaker 12: you can have crackers politics with strong men, or you
31:43
Speaker 12: can have crackers politics with weak men.
31:47
Speaker 1: I just want to follow that up for Greg, You're
31:49
Speaker 1: absolutely correct this has been such a policy light effort.
31:53
Speaker 1: And from the labor point of view, I mean they've
31:55
Speaker 1: been telling you outright lies. You know, supermarkets are gouging,
32:01
Speaker 1: that's why your prices go up. No, eight inquiries found
32:04
Speaker 1: no gouging. It's because of inflation. Thanks for the governing part.
32:08
Speaker 1: Peter Dutton is going to destroy medicare. No, who's actually
32:11
Speaker 1: spending more promising to spend more than labor. I mean,
32:16
Speaker 1: it's like a fantasy world with debating.
32:20
Speaker 12: You're absolutely right, Andrew, but I agree with exactly what
32:24
Speaker 12: you said there about the Albanese government. But the Dutton
32:26
Speaker 12: opposition has been just as bad. I mean they've discovered
32:29
Speaker 12: now that they want to take back the lease that
32:33
Speaker 12: the Port of Darwin is held by a Chinese own company. Well,
32:37
Speaker 12: they were in government from twenty fifteen when the lease
32:40
Speaker 12: was given to this Chinese company, until twenty twenty two,
32:44
Speaker 12: and they didn't do a damn thing about it. And
32:46
Speaker 12: David little Proud at the weekend was saying, well, you've
32:49
Speaker 12: got to follow advice.
32:50
Speaker 4: What advice is he talking about.
32:52
Speaker 1: There is no advice.
32:52
Speaker 12: It's just become politically necessary now to do the right thing.
32:57
Speaker 12: You know, Dutton's policy on word from Home was a
33:00
Speaker 12: good policy. But if you're not brave enough, if a
33:03
Speaker 12: good policy is going to get some opposition and you're
33:05
Speaker 12: not brave enough, well then don't announce it from the
33:08
Speaker 12: start and then run away from it. It's like Spider
33:10
Speaker 12: Costello said of Mark Latham, it couldn't hold a policy
33:13
Speaker 12: from late line to lunchtime. And my final question is
33:16
Speaker 12: where's their defense policy. Why did they let Little Proud
33:19
Speaker 12: do a train recommend interview like that instead of Andrew Hasty?
33:22
Speaker 12: And when are they going to announce their defense policy.
33:25
Speaker 12: If it's a big policy, they've got to explain it.
33:27
Speaker 12: If it's a weak policy, they've got to explain that.
33:30
Speaker 12: But what are they going to do like allowing you
33:32
Speaker 12: to use super for your home at the last election?
33:35
Speaker 12: Announce it one day before the poll and hope that
33:37
Speaker 12: no one notices. I can't follow an the other side
33:40
Speaker 12: of politics.
33:42
Speaker 1: It should be the whole pain, security at home, security abroad.
33:46
Speaker 1: I mean, in a really scared, you know, a very
33:48
Speaker 1: different world when we're on our own. It should be
33:50
Speaker 1: the light motifs of this campaign. Greg Sheridan, thank you
33:53
Speaker 1: so much for your time. After the break, a prominent
33:56
Speaker 1: Anglican priest the point of reconciliation Victoria and then threatens
34:01
Speaker 1: ALBINIZI with extermination and the rest of us as well.
34:09
Speaker 1: This reconciliation movement really is a racket. It just encourages
34:12
Speaker 1: people to be more radical and more divisive, not reconciled
34:16
Speaker 1: at all. Example in Victoria, this Anglican priest the canam
34:21
Speaker 1: Adivas's Aboriginal as the church's archdeacon for reconciliation and has
34:24
Speaker 1: been appointed Aboriginal co chair for the government funded Reconciliation Victoria.
34:30
Speaker 1: But Reverend Larry's version of reconciliation includes calling Australia racist
34:35
Speaker 1: country and posting a vicious attack on Instagram on the
34:38
Speaker 1: Prime Minister. I'd say a threat. Albanese had said, we'd
34:41
Speaker 1: at least had a cracker creating the voice of the Parliament,
34:44
Speaker 1: and in response, this priest wrote that Albanese's voice for
34:47
Speaker 1: referendum was just a cheap political ploy to maintain the
34:50
Speaker 1: white supremacist, genocidal set, the colonial bullshit that pretends to
34:54
Speaker 1: be democratic. And we, the first peoples of this land,
34:58
Speaker 1: now declare that those who are not first peace people
35:00
Speaker 1: are unworthy of welcome and residence and demand that you
35:04
Speaker 1: go back to where you came from. And he added
35:07
Speaker 1: if you fail to do so, the further steps to
35:10
Speaker 1: exterminate you as you did and continue to do to
35:13
Speaker 1: us may be implemented. I'm going to say this, I
35:17
Speaker 1: repeat is from a senior priest in the Anglican Church
35:21
Speaker 1: of Victoria, a co chair of Reconciliation Victoria. I asked
35:25
Speaker 1: Larry what he meant by taking steps to exterminate the
35:28
Speaker 1: rest of us and if that was a Christian message.
35:31
Speaker 1: He wrote back that he unreservedly apologized and quickly deleted
35:35
Speaker 1: the post. He said had written it in frustration and
35:37
Speaker 1: he did not reflect his beliefs, and he continued to
35:40
Speaker 1: work for reconciliation. I have to say I have written
35:42
Speaker 1: many things in frustration, like medatorial tonight, Yet never once
35:46
Speaker 1: since sixty five years, have I threatened to exterminate people.
35:50
Speaker 1: And I'm not a priest. I'm not in the reconciliation game.
35:54
Speaker 1: Join me. Is the panel who thorre of the late
35:55
Speaker 1: debate You're in Sky weekdays at ten pm. The Stephen Trefoura,
35:59
Speaker 1: an author and senior during history, the Champion College Stephen
36:03
Speaker 1: a churchman who writes that, does an apology then cut it.
36:07
Speaker 13: Well, it's nice that he apologize, but any churchman who
36:11
Speaker 13: wrote that should have lost his ordination.
36:13
Speaker 4: I mean, let's think about this.
36:15
Speaker 13: We have a co chair of Reconciliation Victoria who has
36:20
Speaker 13: publicly threatened or suggested genocide against non aborigines in Australia.
36:26
Speaker 13: I mean, that's what extermination of non aborigines means.
36:30
Speaker 4: That is genocide.
36:32
Speaker 13: And this guy is a co chair of re Reconciliation Victoria,
36:36
Speaker 13: and this really just shows us what we already know
36:39
Speaker 13: that the whole reconciliation movement really has nothing to do
36:42
Speaker 13: with reconciliation. It has always historically been about division, resentment,
36:47
Speaker 13: and ultimately what we're dealing with is a mind that
36:51
Speaker 13: is less steeped in the teachings of Jesus and completely
36:55
Speaker 13: steeped in Marxist critical theory. And where do they get
36:59
Speaker 13: all this stuff from, Well, it all goes, it all
37:03
Speaker 13: goes back to the universities where we have thousands and
37:06
Speaker 13: thousands of Australians going through funded by taxpayers as well,
37:11
Speaker 13: to learn that Australia is completely illegitimate, that we are
37:15
Speaker 13: systemically racist and basically taught to hate Australia. So this
37:20
Speaker 13: is just tipic the travelers the universities are producing, and it's.
37:25
Speaker 1: A travelism Liz taking refuge in a tribal identity. You know,
37:29
Speaker 1: I identify as Aboriginal because I know maybe one of
37:32
Speaker 1: my ancestors or somewhere way down was averaging, and therefore
37:36
Speaker 1: I'm entitled to say all sorts of terrible things about
37:39
Speaker 1: the rest of you, including exterminate exterminate, exterminate.
37:44
Speaker 6: Feel the cultural enrichment of inclusivity and diversity, Andrew, isn't
37:49
Speaker 6: it isn't it wonderful?
37:51
Speaker 4: Isn't it beautiful?
37:53
Speaker 6: But this is of our own making, This is of
37:56
Speaker 6: our government's plurals making, because how how many times do
38:00
Speaker 6: we have to learn if you create a protected class
38:05
Speaker 6: and indigenous people already, are people like to say, oh, no,
38:08
Speaker 6: we're all equal before the law.
38:10
Speaker 1: No.
38:10
Speaker 6: I was a first year law student. I learned about
38:13
Speaker 6: the Fernando principles. I learned about the Bugny principles. We
38:17
Speaker 6: are not equal before the law. And when you push
38:21
Speaker 6: this messaging to those people themselves, of which this so
38:25
Speaker 6: called priest is one of them, then naturally they take
38:29
Speaker 6: up this idea of great offense, the world owes me recompense,
38:35
Speaker 6: and they come out.
38:36
Speaker 14: With this horrible bile.
38:39
Speaker 6: Doctor Shafra is quite right and saying he should be
38:41
Speaker 6: stripped of his role. But you can bet your bottom
38:44
Speaker 6: dollar he's not going to be because he is part
38:48
Speaker 6: Indigenous and this is going to get a lot worse
38:51
Speaker 6: in Victoria, which is where he hails from, now that
38:55
Speaker 6: the Victorian government have expanded their hate speech laws just
39:00
Speaker 6: this week, where you can now end up five years
39:03
Speaker 6: in the clink for so much as saying a hurty
39:07
Speaker 6: comment on your social media. We are quite literally going
39:10
Speaker 6: the way of the UK if you offend one of
39:14
Speaker 6: these protected classes. The indigenous is one of them, LGBTIQ
39:19
Speaker 6: is one of them. Normally well, traditionally those laws only
39:23
Speaker 6: applied to race and religion, but they've now been expanded,
39:27
Speaker 6: and in order to do so, they had to narrow
39:30
Speaker 6: the religious rights in that same hate speech bill.
39:34
Speaker 4: So we're just seeing.
39:36
Speaker 6: The beginning of this. Andrew. It is incredibly divisive, and
39:40
Speaker 6: that divisiveness is about to go to a whole other level,
39:43
Speaker 6: particularly in Victoria, thanks to these new laws.
39:47
Speaker 1: And you're right to mention it's too law enforcement. I
39:51
Speaker 1: might remind you that it was Pauline Hansen that said
39:55
Speaker 1: to the Pakistan born Green senator Marrine for rookie, if
40:00
Speaker 1: you really hate it so much here in Australia, I
40:02
Speaker 1: don't you go back to where you came from, and
40:05
Speaker 1: for that was found guilty of vilification in court face
40:09
Speaker 1: is huge costs, bankrupting to kind of costs. I mean,
40:14
Speaker 1: it's just astonishing that this guy can just say, oh,
40:17
Speaker 1: apologizes now, but I mean that's after I asked him
40:21
Speaker 1: about this. I showed earlier something really Look, I know
40:25
Speaker 1: it's a small thing, Stephen, but it is so bizarre
40:28
Speaker 1: that for me it must be telling of something the
40:31
Speaker 1: premise of falling off a stage incesto last Thursday and
40:36
Speaker 1: denying on the ABC it done exactly that.
40:39
Speaker 4: Here is again, I stepped back one step.
40:43
Speaker 2: I didn't fall off the stage, just one leg went down.
40:46
Speaker 7: But I was sweet, as I say.
40:50
Speaker 1: It's bizarre, Stephen, denying what millions of Australians actually saw
40:54
Speaker 1: on the TV news. How do you explain it?
40:58
Speaker 13: Albo gets extremely rattled at anything that happens that isn't
41:03
Speaker 13: scripted or planned. We've seen it in press conferences where
41:06
Speaker 13: he's asked tricky questions that he wasn't expecting. Just the
41:09
Speaker 13: other day, when a young man in his press conference
41:12
Speaker 13: yelled out about immigration. Now, a Mensis or a Paul
41:17
Speaker 13: Keating or even a John Howard would have been able
41:19
Speaker 13: to think on the spot and offer an intelligent answer.
41:22
Speaker 4: Albot couldn't do it and the guy was thrown out.
41:25
Speaker 13: He has these brain snaps whenever something weird happens, and
41:28
Speaker 13: that was just an example where he just flat out
41:30
Speaker 13: denied what actually happened because he didn't know how to
41:33
Speaker 13: just talk about the fact that he just felt he
41:36
Speaker 13: just couldn't do it. He cannot think on his feet
41:39
Speaker 13: at all. He's sort of the Labor Party's answer to
41:43
Speaker 13: Karmala Harris. He's sort of our equivalent of Karmala Harris.
41:46
Speaker 13: He's got basically no substance. Cruel I know, and I
41:50
Speaker 13: don't like being cruel, cruel by nature, but I tell
41:52
Speaker 13: the truth. He's got no substance. He cannot think on
41:55
Speaker 13: his feet, and he just makes stuff up at the.
41:58
Speaker 4: Moment that everyone knows is not true.
42:00
Speaker 1: Which yep, the campaign is full of lies and told
42:07
Speaker 1: bear facedly. It's strangely story seemed to thank you to
42:10
Speaker 1: you both. After the break, the stock markets have now
42:13
Speaker 1: opened in Britain, I'll tell you over the break how
42:18
Speaker 1: bad Trump's catastrophe is there and in the rest of
42:20
Speaker 1: the year of stock market's there too. Esther crackhu after this.
42:26
Speaker 1: Stock markets now in Europe have opened just a couple
42:28
Speaker 1: of hours ago, and they're also crashing thanks to Donald
42:31
Speaker 1: Trump's tariffs. The dacks in Frankfurt dropped six percent, in
42:34
Speaker 1: Paris nearly six percent in London, five percent after already
42:38
Speaker 1: falling five percent on Friday. Joining me from London is
42:42
Speaker 1: writer broadcast from Conte Esther crackh Esther great to see.
42:46
Speaker 1: What's amazing here is not just the economic havoc, of course,
42:49
Speaker 1: is that Donald Trump is causing so much pain to
42:52
Speaker 1: America's traditional allies, countries that back in war. And it
42:55
Speaker 1: doesn't seem to care that losing friends could one day
42:59
Speaker 1: prove desi astrosk or do you think this will all
43:02
Speaker 1: end up suite?
43:04
Speaker 8: Well, no one does sledge hammer diplomacy. Should I put
43:08
Speaker 8: it as like Donald Trump?
43:10
Speaker 14: And you're right.
43:10
Speaker 8: By painting sort of allies, traditional allies and foes alike,
43:14
Speaker 8: he's kind of blurred the boundaries.
43:17
Speaker 14: Now the world is paying attention. The world are set up.
43:19
Speaker 8: You know, It's clear that Trump wants to kind of
43:22
Speaker 8: basically almost correct tariff irregularities around the world with countries
43:28
Speaker 8: that trade with the US.
43:29
Speaker 14: Which is fair enough.
43:29
Speaker 8: I mean the EU, for example, on average way to
43:32
Speaker 8: tariff's ways of tariff's about five percent of what the
43:36
Speaker 8: average tariff the EU imposes on American because is about
43:39
Speaker 8: five percent. But actually if you take in the regulatory
43:41
Speaker 8: barrier to trade, it's far more significant. So Donald Trump
43:44
Speaker 8: is saying, listen, this is a once in a generation opportunity.
43:46
Speaker 14: To correct this.
43:47
Speaker 8: However, by placing this disproportionate tariffs on countries ranging from
43:50
Speaker 8: twenty twenty percent to forty percent, you clearly see that
43:54
Speaker 8: there's actually a lot of imbalance here.
43:58
Speaker 14: Now the question is whether you actually suspend this for
44:00
Speaker 14: ninety days. I mean, their rumor's coming out of the
44:02
Speaker 14: White House.
44:02
Speaker 8: Saying before these tariffs actually come into effects, he's going
44:05
Speaker 8: to suspend it for ninety days to bring countries to
44:07
Speaker 8: the table to negotiate to correct this.
44:09
Speaker 14: And it kind of makes sense.
44:11
Speaker 8: I mean, if you look at Britain, for example, we're
44:12
Speaker 8: asking ourselves actually has our Prime Minister has Westminster ever
44:16
Speaker 8: even thought about questioning while we're buying so much cheap
44:18
Speaker 8: stuff from China, but how much they actually buy from us?
44:21
Speaker 8: And if you see the sort of trade deficits that
44:23
Speaker 8: we run with these sorts of countries that produce a
44:25
Speaker 8: lot of.
44:25
Speaker 14: Cheap, often inferior goods, you should ask are we actually.
44:28
Speaker 8: Disadvantaging British businesses by not trying to correct that imbalance? However,
44:33
Speaker 8: the way that Trump is doing it is basically painting
44:35
Speaker 8: friends and foes alike. And I don't think you can
44:38
Speaker 8: underestimate the economic impact of bruce egos.
44:42
Speaker 14: That being said, so, for example.
44:43
Speaker 8: If you have a British tourist saying, actually, we're going
44:46
Speaker 8: to go to Japan on holiday instead of the US,
44:48
Speaker 8: there are economic hits to that. And Donald Trump is
44:51
Speaker 8: making a huge gamble and expending a lot of political
44:53
Speaker 8: capital on this. So we'll just have to see how
44:55
Speaker 8: this will turn out. But the world is certainly paying
44:57
Speaker 8: attention now, which I'm sure is what Donald Trump wanted.
45:00
Speaker 1: Yeah, well, when you see how important America's allies have
45:03
Speaker 1: been to it to you know, make some of its
45:06
Speaker 1: foreign interventions have a moral patterner, you know, like British
45:11
Speaker 1: and American troops help the Americans in Afghanistan and in
45:14
Speaker 1: Iraq and in Korea and where then where else? I mean,
45:20
Speaker 1: I think he's making a big mistake trashing all that
45:23
Speaker 1: and treating it like just one big proposition, business proposition.
45:26
Speaker 1: How's your Prime minister handling this?
45:29
Speaker 8: Well, Kirstarma is looking slightly less incompetent, which is not
45:34
Speaker 8: really saying very much because the bar is in hell. However,
45:37
Speaker 8: he's also said that he's going to eat some of
45:39
Speaker 8: the fines on car companies that don't meet the electric
45:43
Speaker 8: vehicle quotas and extending.
45:45
Speaker 14: The use of.
45:47
Speaker 8: Ev sort of ev minded from twenty thirty to twenty
45:50
Speaker 8: thirty five, which is absousally not going to do anything.
45:52
Speaker 14: He's been kind enough to say that actually, we're not going.
45:55
Speaker 8: To find a car company's fifteen pounds per car that
45:59
Speaker 8: doesn't meet our standards. It's now just going to be
46:00
Speaker 8: twelve thousand pounds. Trying to dress it up as if
46:03
Speaker 8: he's not committing economic suicide by keeping up with this
46:06
Speaker 8: net zero madness, And the reality is the UK just
46:08
Speaker 8: cannot keep up with this.
46:09
Speaker 14: Ridiculous net zero mandates.
46:12
Speaker 8: We don't even have a third of the infrastructure needed
46:15
Speaker 8: to make electric vehicles commercially viable. So imagine you're driving
46:18
Speaker 8: in the Scottish Islands and your car just stops because
46:21
Speaker 8: you have no fuel, you have no power, and the
46:22
Speaker 8: next electric vehicle charging station is somewhere near Glasgow. I mean,
46:26
Speaker 8: it's ludicrous, and Parliament knows this. They're just I think
46:29
Speaker 8: they're trying to take it a softly, softly approach. But
46:31
Speaker 8: the reality is the world has changed and the fact
46:33
Speaker 8: that we've not been self sufficient for a long time
46:35
Speaker 8: is coming back to bite us in the de area,
46:37
Speaker 8: considering the Americans are not going to be playing the
46:39
Speaker 8: nice game anymore.
46:41
Speaker 1: Yeah, it's not like you can get it out of
46:43
Speaker 1: jerry Can to hit your ride to the nearest charging
46:47
Speaker 1: station and bring back jerry Can full of electricity. Doesn't
46:49
Speaker 1: quite work that way. I think people, I think people
46:52
Speaker 1: are cottoning onto this, you know, I'm just wondering. I
46:58
Speaker 1: don't know whether it's in Britain like it is here.
47:00
Speaker 1: You get people that think that Donald Trump can do
47:02
Speaker 1: no right, and you get people thinking Donald Trump can
47:06
Speaker 1: do no wrong, and they slam each other when clearly
47:10
Speaker 1: he must be in the middle. I mean, is it
47:12
Speaker 1: as bad in Britain as it is here, the polarization
47:16
Speaker 1: over Donald Trump?
47:18
Speaker 14: Yes, slightly.
47:19
Speaker 8: I mean I think when you have it's almost like
47:21
Speaker 8: a martyr figure in politics, a critical thinking goes out
47:23
Speaker 8: the window.
47:24
Speaker 14: They are people that.
47:24
Speaker 8: Have, on the one hand, trumped Arrangers syndrome that you know,
47:28
Speaker 8: everything he does, he could cure world hunger and he'd
47:30
Speaker 8: still be a villain. And on the other hand, he
47:32
Speaker 8: can do no wrong and obviously the truthful somewhere in
47:35
Speaker 8: the middle. I think what's important is for countries to
47:37
Speaker 8: look to themselves to see how they can help themselves.
47:39
Speaker 8: The only reason why the UK for example, is caught
47:41
Speaker 8: in as bad a situation as we are, is because
47:43
Speaker 8: we've neglected our energy policy. We have the most expensive
47:46
Speaker 8: energy in the developed world. You can't produce anything in Britain.
47:49
Speaker 8: It costs too much to employ people. Everything is inefficient,
47:52
Speaker 8: infrastructure is crumbling. These are things that our politicians could
47:54
Speaker 8: have dealt with decades ago if they had some bit
47:57
Speaker 8: of forward thinking, but they didn't do that.
47:58
Speaker 14: And it's the same with the Ukraine.
48:00
Speaker 8: Europe was happy to depend on the Americans for its
48:03
Speaker 8: national defense instead of doing its most basic duty by
48:06
Speaker 8: its citizens to protect themselves. So these are all things
48:09
Speaker 8: that we can look internally and see how we can
48:10
Speaker 8: correct it. As opposed to blaming the Orange man across
48:13
Speaker 8: the pond.
48:17
Speaker 1: It's like blaming bad Dad for not keeping up the allowance. Yestercratically,
48:22
Speaker 1: thank you so much for your time. I want to
48:24
Speaker 1: correct myself. Tomorrow is, of course, the debate between the
48:28
Speaker 1: leaders and Anthony Albanezi, and Tuesday is the debate between
48:32
Speaker 1: the treasure and the shadow treasure. That's it for me now,
48:36
Speaker 1: Sherry markson good night,