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Treasurer Jim Chalmers and the Albanese Government have created the worst economic conditions in Australia in 30 years. In an attempt to shift the blame for this mess, the Treasurer has unfairly targeted Reserve Bank Governor, Michelle Bullock. The reality is that the RBA has increased interest rates in response to the government’s policies. While the Treasurer could order the Reserve Bank to lower interest rates, the Government knows that doing this would make Australia’s economy worse. So instead, they trade insults. 

It’s time for Treasurer Chalmers to stop the bullying and focus on solutions. Infrastructure is the key to overcoming this economic disaster. 

In this speech, I outline how One Nation plans to bring down inflation and reduce interest rates.

Transcript

In the last few days Australians have witnessed an unedifying sight: the Treasurer blaming the Reserve Bank for policy outcomes that are firmly the government’s fault. When Treasurer Chalmers was rightly criticised for his misbehaviour the Labor Party rallied the troops, dusting off Labor Party artefact Wayne Swan to defend the Treasurer. This display is why people dislike and distrust politicians. The reality is that high interest rates are the direct result of economic policy under successive Liberal and Labor governments—policy that damaged our manufacturing and farming sectors whilst transferring gross domestic product from real jobs in the private sector to jobs in the government sector. Reserve Bank Governor Bullock’s interest rate strategy is a response to Labor government policy. Labor government policy has decided the RBA’s strategy. 

Instead of bullying the Reserve Bank governor into taking further interest rate rises off the table, Treasurer Chalmers could take action to prevent the need for those rises. Balance the budget and reduce government spending to match your income; Minister Shorten tried to bring the NDIS under control, and you forced him to walk the plank. Stop replacing base load power with net zero wind, solar transmission lines and battery back-up, driving up electricity prices and sending the government into debt. Reduce immigration, which is distorting the housing market and inflating government welfare and infrastructure spending. Stop giving grants and subsidies to foreign multinationals operating solar and wind here, and instead encourage local companies who retain the wealth here. Develop our productive capacity through a national rail loop enabling an Australian steel industry. There’s $100 billion of production, 40,000 real jobs and $25 billion in government revenue just in the Capricornia steel proposal at Queensland’s Abbot Point and the port of Gladstone every year. Treasurer Chalmers should stop bullying and start building, which is exactly what a One Nation government will do. 

4 replies
  1. Carolyn Packer
    Carolyn Packer says:

    As a community group we listen to our community they don’t want Wind Turbines or Solar Fields, sign many petitions to stop MAD Bill, Right to Life for babies who survive abortions ALP must go. The more One Nation Candidate get into power the better off Australia will be.

    Reply
  2. Rick
    Rick says:

    The Labor government are a toxic – diseased – filthy virus that should be dismantled and put to rest forever along to a lesser degree with the LNP . I’ve had a gutfull of these 2 parties running the country for as long as I can remember but for whatever reason the majority have voted for them all throughout history . It’s hypocritical that they do this as it says they fear an alternate government ( better the devil you know than the angel you don’t ) YET ,,, remain silent during major Fu#€ups by both and continually voting them in .

    Reply
  3. Rick
    Rick says:

    Labor are patting themselves on back while broadcasting the banks will stop credit card surcharges ,,, but what they aren’t saying is that the banks now due to this will stop honouring any credit card scams,,,,,, . This means they won’t be paying out for what you get scammed for ,,,,!!!

    Reply

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