Rate rises may prove a pressing political problem for Morrison

  • 📰 smh
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Opinion: Of all the election campaigns I’ve seen, the one that still makes me marvel most is 2004, writes Waleed Aly

Of all the election campaigns I’ve seen, the one that still makes me marvel most is 2004. This was three years after the September 11 terrorist attacks, and in the depths of the subsequent Iraq war. By this stage, it had become clear that the pretext for the war – that Iraq hadthat could fall into terrorists’ hands – was false. That was not a particular revelation, either.

Sorry, what? Interest rates? This election will be about interest rates? Who was talking about interest rates? It was like Howard was phoning in from a completely different planet. It was a political masterclass. Howard had taken his weakness – trust – and made it his strength by redefining it. Trust suddenly had nothing to do with honesty, and everything to do with economic results. It didn’t even matter if the economic results in question weren’t under his control.

It’s true that the government’s election-year splurge only makes the problem worse by driving inflation at a time when inflation is taking off, but it’s also true that Labor has an impressive splurge of its own. In this respect at least there really is a similarity to the 2007 rate rise, where the Reserve Bank took a veiled swipe at both major parties for their spending promises.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where's Tudge?

Millions Australians knew the Iraq war was an oil war. But the media did not tell them it was the 1st peakoil war Nor was public properly informed about Howard's flawed June 2004 energy white paper 'no case for alterative fuels'

Have you sacked BevanShields yet?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Interest rate rises likely to spur apartment demandHigher mortgage costs will encourage buyers to accelerate the push into cheaper units, developers and investors say. 😉 Yea, technically speaking... that's not a lie.
Source: FinancialReview - 🏆 2. / 90 Read more »

Election 2022 LIVE updates: Scott Morrison issues national integrity commission warning; RBA flags more interest rate rises after 0.25 percentage point jumpThe prime minister says Australia could become a “public autocracy” if a federal watchdog is given too much power, the treasurer and his Labor counterpart will go head-to-head today at the National Press Club and voters are being told to expect further interest rate rises. MillarRoyce Look my naked photo ❤️😘 MillarRoyce Do you know how it feels to earn seven thousand dollars a week after a long time looking for work? 🥰 I can't thank you enough for your kindness. Levisdoustov MillarRoyce She’s the worst mayor in the history of Mornington peninsula shire. Good riddance
Source: theage - 🏆 8. / 77 Read more »

Election 2022 LIVE updates: Scott Morrison issues national integrity commission warning; RBA flags more interest rate rises after 0.25 percentage point jumpThe prime minister says Australia could become a “public autocracy” if a federal watchdog is given too much power, the treasurer and his Labor counterpart will go head-to-head today at the National Press Club and voters are being told to expect further interest rate rises. Going back up I'm not interested in manipulated stats. Tell the public the truth, how many people in hospital with covid-19 due to serious covid-19 complications not because they had a toe operation but had covid-19 with no to little symptoms. CovidLies FearMongering manipulatedmedia 25 in ICU. Are they in ICU due to covid-19 or due to a car accident, cancer or other serious illness and happen to be positive with Covid-19 but that's not the cause of paitent being placed in ICU? transparency Covid_19 MedicalNews Statistics publichealth
Source: theage - 🏆 8. / 77 Read more »

Election 2022 LIVE updates: Scott Morrison issues national integrity commission warning; RBA flags more interest rate rises after 0.25 percentage point jumpThe prime minister says Australia could become a “public autocracy” if a federal watchdog is given too much power, the treasurer and his Labor counterpart will go head-to-head today at the National Press Club and voters are being told to expect further interest rate rises. Sadly Morrison just doesn’t care it’s all about power with no responsibility LNPMassiveFail Really, a low character trait for Josh to even mention “mother-in-law” in the first place vs higher topics. Definitely not voting for this candidate or that party.
Source: theage - 🏆 8. / 77 Read more »