WEBVTT - Jim Chalmers talks the talk

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<v Speaker 1>From The Australian. Here's what's on the front. I'm christinamiot.

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<v Speaker 1>It's Tuesday, December seventeenth. Carlie Moore Gilbert says the government

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<v Speaker 1>assistance given to members of the Bali Nine should be

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<v Speaker 1>offered to other Australians detained in prison camps in countries

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<v Speaker 1>like Syria. It comes after the five remaining members of

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<v Speaker 1>the drug ring were returned to Australia after serving twenty

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<v Speaker 1>years in Indonesian prisons. That commentary is live right now

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<v Speaker 1>at The Australian dot com dot au. The government's midyear

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<v Speaker 1>budget update will reveal an uptick in unavoidable and automatic

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<v Speaker 1>spending to the tune of more than twenty five billion dollars,

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<v Speaker 1>But what does that actually mean. In today's episode, The

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<v Speaker 1>Australian takes a closer look at the Treasurer's unique turn

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<v Speaker 1>of phrase and we unpack what it says about Jim

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<v Speaker 1>Chalmers leadership ambitions.

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<v Speaker 2>Look, we recognize that a lot of Australians are under

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<v Speaker 2>the pump.

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<v Speaker 1>His is one of the loudest voices in Australian public

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<v Speaker 1>life and his words arguably carry the most weight for

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<v Speaker 1>voters struggling under a cost of living crisis.

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<v Speaker 2>This is another difficult day for Australians who are already

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<v Speaker 2>under the pump.

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<v Speaker 3>So I think Jim Chalmers has emerged, particularly on Labour's side,

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<v Speaker 3>as the master of the catchphrase.

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<v Speaker 1>Jeff Chambers is the Australian's chief political correspondent.

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<v Speaker 3>He uses repetitive language, uses mantras often to simplify what

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<v Speaker 3>are very complex issues, and repeating the same slogans over

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<v Speaker 3>and over again.

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<v Speaker 2>We see that right through the numbers when it comes

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<v Speaker 2>to household savings, when it comes to consumption, people are

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<v Speaker 2>under the pump.

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<v Speaker 3>What he's trying to do is make sure that his

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<v Speaker 3>language is consistent so when the TV news package or

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<v Speaker 3>the radio package or others reporting on him will reflect

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<v Speaker 3>that grab. It's a big multi media strategy to ensure

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<v Speaker 3>that he's getting his simple messaging out to the masses.

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<v Speaker 2>The budget is in much better Nick, because getting the

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<v Speaker 2>budget and much better Nick helps us fund our other priorities.

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<v Speaker 2>But what really matters here I think when it comes

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<v Speaker 2>to getting the budget in a much better Nick, our

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<v Speaker 2>big priorities in the budget are getting the budget in

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<v Speaker 2>much better Nick. It's a demonstration that we've been able

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<v Speaker 2>to get the budget in much better Nick.

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<v Speaker 1>Jeff has been working on an in depth analysis of

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<v Speaker 1>Jim chalmers rhetoric with reporter Noah Yim, who poured over

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<v Speaker 1>hundreds of transcripts to identify characteristics and patterns in the

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<v Speaker 1>Treasurer's speech.

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<v Speaker 4>This captures every transcript Office for Relief since he became treasurer.

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<v Speaker 4>We went through seven hundred and six transcripts. That's press conferences,

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<v Speaker 4>that's speeches, that's radio interview, that's TV interviews. I thought

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<v Speaker 4>it was interesting to analyze similar responses over time to

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<v Speaker 4>see how she's testing out's deploying and then faving out

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<v Speaker 4>the use of certain catch feess at certain times.

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<v Speaker 1>Jeff and Noah found Jim Chalmers is a big fan

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<v Speaker 1>of repetitive colloquialisms and corny phrases, which he uses to

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<v Speaker 1>test the waters with voters. Take, for example, his near

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<v Speaker 1>constant references to inflation.

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<v Speaker 2>We're making progress in the fight against inflation is to

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<v Speaker 2>take some of the sting out of inflation by managing

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<v Speaker 2>demanding the economy. Inflation is public enemy number one. Inflation

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<v Speaker 2>is the dragon we need to slay.

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<v Speaker 3>What we've seen with Jim is he does adapt that

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<v Speaker 3>language as I said with inflation, there's slight tweaking of

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<v Speaker 3>that language depending on where inflation's at and depending on

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<v Speaker 3>what they might be seeing in polling or focus groups.

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<v Speaker 3>There was a famous one that he used, which he

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<v Speaker 3>dropped pretty quickly, which was saying inflation is the dragon

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<v Speaker 3>that we need to sleigh. So that one didn't stick.

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<v Speaker 3>And then I think with things like unavoidable spending, it's

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<v Speaker 3>funny language. Some people would observe it as tricky language

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<v Speaker 3>because that then is linked to higher spending, which they're

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<v Speaker 3>saying is unavoidable. And then they talk about savings, and

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<v Speaker 3>they'll talk about in the same breath without separating the

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<v Speaker 3>two reprioritization and reprioritization is actually sprinkling those savings across

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<v Speaker 3>other areas that labor uses a priority.

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<v Speaker 1>His penchant for hokiness tends to make Jim Chalmers the

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<v Speaker 1>target of criticism both from his labor colleagues and his

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<v Speaker 1>political opponents.

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<v Speaker 3>I guess for Jim Chalmers, he's taken the reins after

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<v Speaker 3>almost a decade of coalition rule and he doesn't want

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<v Speaker 3>to stuff it up. They had their eyes very much

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<v Speaker 3>fixated on winning a second term, so there is a

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<v Speaker 3>lot of internal pressure to do things on like negative gearing,

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<v Speaker 3>capital gains, company tax, a lot of big bang reform

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<v Speaker 3>that business, and some in the labor caucus, and obviously

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<v Speaker 3>the coalition would like to see him embark on and

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<v Speaker 3>that hasn't happened in terms of the hopiness or colloquial

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<v Speaker 3>retric in his defense, I don't think the punters at

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<v Speaker 3>home or the regular household or small business owner doesn't

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<v Speaker 3>want to get into the nuts and bolts of really

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<v Speaker 3>complicated economic policy. So that's what he's trying to do there,

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<v Speaker 3>and focus groups will show that he is just on

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<v Speaker 3>a really superficial level. Consider the pretty urbane, suburban, youthful,

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<v Speaker 3>dad like character, and at forty six, that's quite a

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<v Speaker 3>contrast to Anthony Albanezi.

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<v Speaker 1>Does he care that people criticize the way that he talks.

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<v Speaker 3>I think that every politician cares deeply about what other

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<v Speaker 3>people think of them. But I think when you are

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<v Speaker 3>so ambitious and when you or you've really got a

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<v Speaker 3>laser like focus on an end game, which for him

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<v Speaker 3>would be at some point to become leader, I think

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<v Speaker 3>that he's going to stick pretty consistently and close to

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<v Speaker 3>what he thinks will get him there. And what he

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<v Speaker 3>thinks is best for himself as treasured for the government.

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<v Speaker 1>Jim Chalmers can afford to brush it off because his

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<v Speaker 1>style tends to resonate with voters.

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<v Speaker 3>I think what he has on his side is he's

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<v Speaker 3>not as antagonistic the venom in his retrigue. Even when

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<v Speaker 3>he's having a crack at the coalition, it's done in

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<v Speaker 3>a more relaxed calm away, not getting to worked up

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<v Speaker 3>about things, and I think that resonates with people on

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<v Speaker 3>the flip side of that. We are currently in the

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<v Speaker 3>group of a cost of living and housing crisis, and

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<v Speaker 3>in a way, if they were to lose next to

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<v Speaker 3>his election or it becomes a much closer run thing,

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<v Speaker 3>that there will be some pushback that he could cut

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<v Speaker 3>through or convey what the government was doing for people

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<v Speaker 3>and convince them that it was working. I think that's

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<v Speaker 3>the problem for this repetitive retric At the end of

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<v Speaker 3>the day, maybe voters will be looking for someone to

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<v Speaker 3>lash out it or punish.

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<v Speaker 1>The Australian's analysis found Jim Chalmers rarely swims outside of

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<v Speaker 1>his lane. Of the many many public appearances he's made

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<v Speaker 1>since becoming Treasurer in twenty twenty two, He's only commented

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<v Speaker 1>on non economic issues on a few notable occasions, and

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<v Speaker 1>even then the Treasurer's comments have an economic bent. In August,

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<v Speaker 1>he branded Peter Dutton the most divisive leader of a

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<v Speaker 1>major political party in Australia's modern history, but didn't miss

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<v Speaker 1>his opportunity to defend the government's economic performance.

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<v Speaker 2>He divides deliberately, almost pathologically, and that sort of division

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<v Speaker 2>in our leadership in our society right now is worse

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<v Speaker 2>than disappointing, it's dangerous.

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<v Speaker 1>And more recently he's spoken out about the economic benefits

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<v Speaker 1>of a ceasefire deal between Israel and her mass militants

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<v Speaker 1>in Palestine.

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<v Speaker 3>He's got one of the great portfolios for someone who

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<v Speaker 3>would like to move up at some point as leader.

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<v Speaker 3>Being the treasurer is a busy job and you've got

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<v Speaker 3>a lot of threads and needles that you need to

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<v Speaker 3>be in control of. You have the big budget once

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<v Speaker 3>a year, you have the midyear budget near the end

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<v Speaker 3>of the year, and a lot of things in between.

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<v Speaker 3>So you can genuinely sit in that space and not

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<v Speaker 3>have to weigh in on the government's position on Israel

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<v Speaker 3>or anti Semitism. He will ultimately talk about it from

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<v Speaker 3>an economic perspective, and because his treasurer, you can generally

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<v Speaker 3>get away with that. I think that speech that he

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<v Speaker 3>did on Dutton was a much more wider attack, which

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<v Speaker 3>probably gives some indication to not only his colleagues, but

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<v Speaker 3>to everyone else out there that he can, when required,

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<v Speaker 3>take up the fight.

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<v Speaker 1>Jim Chalmers prime ministerial ambitions are no secret, and only

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<v Speaker 1>a select few have parlayed their time as treasurer into

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<v Speaker 1>a stint in the top job. The question is does

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<v Speaker 1>this reluctance to branch out help Jim charmers or hurt him.

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<v Speaker 3>I always cast one mine back to Tawny Abbot when

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<v Speaker 3>he won in twenty thirteen. He was consistent, disciplined and

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<v Speaker 3>stuck on the same messaging, and I think we're seeing

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<v Speaker 3>shades of Tanny Abbot in Peter Dutton as well. This

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<v Speaker 3>really is the sort of modern way. I think that

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<v Speaker 3>kind of tactic can work, because the alternative to that

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<v Speaker 3>is when a politician or a leader talks too much

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<v Speaker 3>or talks in too many tangents and can't actually really

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<v Speaker 3>concisely press home what their message is.

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<v Speaker 1>Coming up inside the Treasurer's latest shake up on Monday,

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<v Speaker 1>Jim Chalmers fronted the press again.

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<v Speaker 2>Thanks very much everybody for coming out.

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<v Speaker 1>The treasurer unveiled a handful of new appointments to two

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<v Speaker 1>newly created Reserve Bank boards.

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<v Speaker 2>What I'm announcing today is the best combination of existing

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<v Speaker 2>members and new members. These are first class, first rate

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<v Speaker 2>people with the right skills and with decades of relevant experience.

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<v Speaker 1>The first board will focus on monetary policy. They're the

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<v Speaker 1>people who set interest rates. Distinguished Australian National University professor

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<v Speaker 1>Renee Freie McGibbon and former Bendigo Bank boss Marnie Baker

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<v Speaker 1>have been appointed to that board, alongside existing members including

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<v Speaker 1>economist Ian Harper, West Farmers director Alice Watkins, former Fair

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<v Speaker 1>Work Commission President Ian Ross and Carolyn Heuson, who's director

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<v Speaker 1>of the biotechnology company CSL. The second board, in the

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<v Speaker 1>new dual structure, we'll oversee the RBA's governance. That's how

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<v Speaker 1>it's run. Appointed to the Governance Committee is former Business

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<v Speaker 1>Council Chief executive Jennifer Westercott Gilbert and Tobin Chair Danny Gilbert,

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<v Speaker 1>Former Banking executive Swati Dave and Zero chair David Dodie,

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<v Speaker 1>Reserve Bank Governor Michelle Bullock will chair both boards.

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<v Speaker 2>So these are high quality, high caliber people and together

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<v Speaker 2>they represent the best mix of relevant skills and abilities

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<v Speaker 2>and experience. I'm very proud to say that women will

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<v Speaker 2>make up the majority of both boards. And this continues

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<v Speaker 2>the very substantial progress that we've made. When it comes

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<v Speaker 2>to appointments in the Treasury portfolio.

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<v Speaker 1>Here's Jeff Chambers.

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<v Speaker 3>So there's been a few changes, a few tinkers, and

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<v Speaker 3>this is not a surprise in terms of what's been

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<v Speaker 3>announced today, but behind the scenes, they'd be just every

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<v Speaker 3>finger crossed that somehow the new RBA board makeup leads

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<v Speaker 3>towards a rate cut before the election.

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<v Speaker 1>The move to create two separate boards for Monetary Policy

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<v Speaker 1>and RBA Governance follows a sweeping review of the Central

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<v Speaker 1>Bank carried out last year. It was co authored by

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<v Speaker 1>new appointee Renee Fry McGibbon and found the existing board

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<v Speaker 1>wasn't in a position to challenge decisions made about interest

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<v Speaker 1>rates by the RBA's governor. Other changes made to the

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<v Speaker 1>way the Central Bank operates have already come into effect.

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<v Speaker 1>That's why the existing board meets less, but why Governor

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<v Speaker 1>Michelle Bullock is making more public appearances, the historic overhaul

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<v Speaker 1>looked like it would sail through Parliament, but it was

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<v Speaker 1>only passed thanks to support from Teal Independence and the

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<v Speaker 1>Greens after the Coalition withdrew its support. The new board

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<v Speaker 1>structure kicks in in March, meaning that new committee's first

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<v Speaker 1>cash rate decision will happen on April one. So is

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<v Speaker 1>it enough to restore voter's confidence in the RBA.

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<v Speaker 3>I don't think households or businesses care much for restructures

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<v Speaker 3>or new boards. I think they're just hanging out for

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<v Speaker 3>a rate cut. Obviously, every jurisdiction has a different experience,

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<v Speaker 3>but that pressure is building. We've still got lower unemployment,

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<v Speaker 3>a very tight labor market. Underlying inflation is still a

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<v Speaker 3>concern for the RBA. So it's not a sure thing

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<v Speaker 3>that we will see a rate cut before the election.

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<v Speaker 3>I just don't think anyone cares about that. I think

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<v Speaker 3>they just expect that the right things are being done

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<v Speaker 3>and all they're looking for is that announcement on a

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<v Speaker 3>Tuesday afternoon that their rates have been cut for the

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<v Speaker 3>first time in years.

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<v Speaker 1>Jeff Chambers is The Australian's chief political correspondent and Noah

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<v Speaker 1>Yim is a Reporter. You can delve into their detailed

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<v Speaker 1>analysis of the Treasury rehetorick right now at the Australian

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<v Speaker 1>dot com dot au