WEBVTT - Paul Murray Live | 22 September 0:00:00.080 --> 0:00:07.280 The sky Setter. This is Paul Murray Live. Hello, Happy Sunday. 0:00:07.400 --> 0:00:11.000 Lots to get to today. If I look particularly relaxedus. 0:00:10.520 --> 0:00:12.640 Because I had that wonderful few hours in the garden. 0:00:13.400 --> 0:00:16.480 It doesn't matter what you do when you're out and about. 0:00:16.520 --> 0:00:18.119 It's lovely to do if you had the chance to 0:00:18.120 --> 0:00:20.760 do so in the sunshine in the past couple of days. 0:00:20.760 --> 0:00:22.480 But it may well be short lived. 0:00:23.200 --> 0:00:27.760 Now in Victoria, there has been a very quiet drought 0:00:27.920 --> 0:00:31.560 that has been rolling on for some time with Victorian farmers, 0:00:31.600 --> 0:00:34.199 in fact, so much so that we read today in 0:00:34.200 --> 0:00:38.080 the Sunday Herald Sun several that a severe drought is 0:00:38.159 --> 0:00:41.880 already starting to hurt Victorian farmers. And obviously we're only 0:00:41.920 --> 0:00:43.720 sort of on our way through spring. We're not in 0:00:44.000 --> 0:00:47.600 summer yet, and Victorian farmers are facing a serious drought, 0:00:48.479 --> 0:00:51.400 with some already forking out hundreds, yeah, hundreds of thousands 0:00:51.440 --> 0:00:54.200 of dollars to feed their animals. Not enough rain is 0:00:54.200 --> 0:00:59.040 predicted in spring to get them through to summer. Now, 0:00:59.400 --> 0:01:01.720 there's a couple of sheep farmers in Harrow, and that's 0:01:01.720 --> 0:01:04.840 Michael and Jane Craig. They say they've had to spend 0:01:04.840 --> 0:01:07.880 more than four hundred grand to bring extra feed in 0:01:07.920 --> 0:01:09.520 for their animals due to the lack of reign in 0:01:09.560 --> 0:01:10.280 recent months. 0:01:10.560 --> 0:01:12.280 They warned that as well. 0:01:12.360 --> 0:01:17.039 It cost, they could generally only endure one in every 0:01:17.240 --> 0:01:22.000 twenty years. As Michael says, Mother Nature occasionally likes to 0:01:22.000 --> 0:01:25.120 remind us who is in charge and so so it 0:01:25.160 --> 0:01:27.039 gives us an opportunity at the start of the show, 0:01:27.080 --> 0:01:28.760 at the start of the week, before we get distracted 0:01:28.760 --> 0:01:31.039 by everything from here to the United States and beyond, 0:01:31.520 --> 0:01:33.960 to remind you that there is an opportunity to help 0:01:34.040 --> 0:01:36.840 the farmers of Australia, like the ones in Victoria or 0:01:36.840 --> 0:01:40.160 maybe the ones in your state, because you always have 0:01:40.160 --> 0:01:42.440 an opportunity to help them out through the good people 0:01:42.480 --> 0:01:45.160 of Rural Aid. Now Rural Aid have up on their 0:01:45.160 --> 0:01:48.440 website which is a donations dot rule ai dot org 0:01:48.440 --> 0:01:51.080 dot are you donations dot rural aid dot org dot 0:01:51.080 --> 0:01:53.800 are you a chance to donate money but more importantly 0:01:54.080 --> 0:01:56.160 to donate a haybal. It will cost you about fifty 0:01:56.200 --> 0:01:58.559 dollars if you want to. But when people are spending 0:01:58.560 --> 0:02:01.840 four hundred thousand dollars to keep their stock fed and 0:02:01.880 --> 0:02:04.400 alive to get them through spring, and what looks like 0:02:04.440 --> 0:02:06.960 a dry summer. Every little bit help, So if you 0:02:07.000 --> 0:02:09.760 can please jump on and give them a hand. 0:02:10.160 --> 0:02:10.560 That's it. 0:02:10.600 --> 0:02:12.760 There is a fair amount of rain that's apparently on 0:02:12.800 --> 0:02:15.839 its way, a rain bomb, which means an awful lot 0:02:15.960 --> 0:02:18.480 very quickly is on its way a little bit later 0:02:18.480 --> 0:02:20.519 in the week's gone is weather, and our dear friend 0:02:20.560 --> 0:02:23.520 Lucy Polkinghuon has plenty to say about what might be 0:02:23.520 --> 0:02:24.040 on our way. 0:02:25.480 --> 0:02:25.639 Now. 0:02:25.680 --> 0:02:29.720 This rain band will continue moving eastwards throughout the week, 0:02:30.000 --> 0:02:33.960 increasing that cloud cover first of all from Tuesday onwards 0:02:33.960 --> 0:02:36.880 for the east of the country, then bringing those cooler 0:02:36.919 --> 0:02:40.160 conditions and showery weather as well. So in fact, eighty 0:02:40.200 --> 0:02:42.840 percent of Australia is likely to see some kind of 0:02:42.840 --> 0:02:46.239 wet weather from this event as we head into next 0:02:46.280 --> 0:02:46.640 a week. 0:02:47.600 --> 0:02:49.320 All right, figures cross it's out of the way for 0:02:49.840 --> 0:02:53.880 Grand Final or preliminary final days if your team is involved. 0:02:53.919 --> 0:02:55.600 But more importantly, as you just saw with Loose, there 0:02:55.680 --> 0:02:57.280 there will be a little band which will come across 0:02:57.520 --> 0:02:59.120 rural Victoria. Please help them out. 0:02:59.160 --> 0:03:00.640 Rule aid dot Org. I've got au. 0:03:01.040 --> 0:03:03.520 Now let's get to Queensland because this is going to 0:03:03.520 --> 0:03:05.560 be my focus for the next little while. The Queensland 0:03:05.639 --> 0:03:09.399 election getting rid of a terrible government, an awful premiere, 0:03:10.320 --> 0:03:12.560 and taking on a machine that knows how to win, 0:03:12.720 --> 0:03:16.960 no matter how bad those politicians are. Now Stephen Miles, thankfully, 0:03:17.000 --> 0:03:19.280 according to every pole that we see is looking like 0:03:19.320 --> 0:03:21.080 you said in for the Exits, no matter what giggles 0:03:21.080 --> 0:03:23.440 he wants to put up, no matter how he literally 0:03:23.480 --> 0:03:25.720 puts on like the joker at the end of eighty 0:03:25.800 --> 0:03:28.600 nine Batman glasses, don't hit me, don't hit me. He's 0:03:28.639 --> 0:03:31.359 got the Marone's hat on. Oh please, don't vote me 0:03:31.360 --> 0:03:32.680 out on one of you. Well, it looks like it's 0:03:32.720 --> 0:03:33.799 going to happen. Newspoll. 0:03:33.840 --> 0:03:35.480 What a thumper this is. 0:03:35.480 --> 0:03:37.800 Is it time to change a government, give somebody else 0:03:37.840 --> 0:03:40.480 a go, or re elect the government? Just twenty nine 0:03:40.560 --> 0:03:43.680 percent of people, obviously mostly labor voters, so the government 0:03:43.680 --> 0:03:46.240 should be re elected. Fifty seven percent of people say 0:03:46.320 --> 0:03:48.040 it's time to give somebody else a go, which is 0:03:48.120 --> 0:03:51.880 excellent news. They don't know number at fourteen. Now, let's 0:03:51.920 --> 0:03:54.920 imagine again, is put that to fifty to fifty. Obviously 0:03:55.360 --> 0:03:57.600 the re elected number is nowhere near fifty. So that's 0:03:57.600 --> 0:03:59.640 a very good signal of what hopefully is coming its 0:03:59.640 --> 0:04:03.720 way towards the end of October Queensland first few days 0:04:03.760 --> 0:04:05.880 than in the American election. Imagine how the world could 0:04:05.920 --> 0:04:08.240 change in just one week for the better. When it 0:04:08.240 --> 0:04:10.280 comes to the preferred premier, of course, the race is 0:04:10.320 --> 0:04:13.480 between the current Premier, Stephen Miles, the potential and most 0:04:13.560 --> 0:04:15.240 likely future premier David Crucifully. 0:04:15.480 --> 0:04:17.159 You know which one. I back on this and have 0:04:17.240 --> 0:04:17.920 for years. 0:04:18.600 --> 0:04:23.039 Miles is preferred premier thirty nine percent. Kruci fully is 0:04:23.040 --> 0:04:26.520 at forty six percent. Obviously you want to be in 0:04:26.600 --> 0:04:29.640 David's position on Steven's position because again you take uncommitted, 0:04:29.680 --> 0:04:31.760 you imagine it breaks fifty to fifty, it still does 0:04:31.800 --> 0:04:33.960 not get Miles anywhere near to the fifty and will 0:04:34.000 --> 0:04:36.880 put Crucifully up and over the top. As for the 0:04:36.920 --> 0:04:40.120 actual vote by party, now I know that the further 0:04:40.200 --> 0:04:43.160 north you go the options start to change, where place 0:04:43.240 --> 0:04:45.760 is like one nation and the Catter Party become a 0:04:45.839 --> 0:04:48.600 lot more live options, sort of from Rocky all the 0:04:48.640 --> 0:04:51.719 way up. But the ALP down the best part of 0:04:51.839 --> 0:04:55.000 ten points since the last election were a primary vote 0:04:55.000 --> 0:04:57.920 of just thirty percent, up by six and percent, the 0:04:58.080 --> 0:05:01.400 LMP at forty two percent twelve percent, the Greens ever 0:05:01.480 --> 0:05:05.560 so slightly up that will affect labor seats in the southeast. 0:05:06.120 --> 0:05:08.240 One nation is up by almost a full point now 0:05:08.279 --> 0:05:12.239 to eight percent. Others, including the Catter Party, is basically 0:05:12.279 --> 0:05:14.760 where it was at the last election, which brings us 0:05:14.760 --> 0:05:20.560 to two party vote which has virtually flipped since the 0:05:20.640 --> 0:05:23.640 last election. The LNP at fifty five is up eight 0:05:23.680 --> 0:05:25.880 point two. The ALP is down by the same number 0:05:25.920 --> 0:05:29.680 to forty five. Queensland, you are going to hear a 0:05:29.720 --> 0:05:33.400 lot of scare and drama coming out of the Labor Party, 0:05:33.400 --> 0:05:36.240 pretending that every idea the Liberal Party has is the 0:05:36.240 --> 0:05:38.320 sky is going to fall in and they're going to 0:05:38.320 --> 0:05:40.440 try to bring up the ghosts of government's way, way, way, 0:05:40.440 --> 0:05:44.480 way long ago. You know, and I know how badly 0:05:44.520 --> 0:05:47.640 this government has performed on youth crime, how badly they 0:05:47.680 --> 0:05:50.160 have performed when it comes to the health system, let 0:05:50.160 --> 0:05:51.400 alone the education system. 0:05:51.400 --> 0:05:53.560 And I could list a whole lot more. They deserve 0:05:53.640 --> 0:05:53.840 to go. 0:05:53.880 --> 0:05:56.640 They deserve to go last time, but COVID saved their backside. 0:05:57.040 --> 0:05:59.479 May that not be the case this time? And everywhere 0:05:59.520 --> 0:06:01.880 in queen they vote as hard as you can in 0:06:01.920 --> 0:06:05.360 the opposite direction of this current government. They deserve to go. 0:06:05.600 --> 0:06:08.200 They deserve to be crushed. They deserve to lose as 0:06:08.279 --> 0:06:11.240 many seats as possible. Let's start with the premier seat 0:06:11.279 --> 0:06:13.839 and work back from them. 0:06:14.480 --> 0:06:14.680 Now. 0:06:14.720 --> 0:06:16.880 For the past a few years, we have of course 0:06:16.960 --> 0:06:19.640 been building the cat about how big Australia, despite the 0:06:19.680 --> 0:06:22.840 fact that every single opinion poll tells us is not 0:06:22.880 --> 0:06:24.080 what the Australian public wants. 0:06:24.160 --> 0:06:24.880 We get it anyway. 0:06:24.960 --> 0:06:27.400 Last week I told you we cracked twenty seven million 0:06:27.520 --> 0:06:30.440 people thanks largely to the number of people which are 0:06:30.440 --> 0:06:34.880 being brought into the country. About nine hundred and sixty 0:06:34.880 --> 0:06:38.960 four thousand people. That's the net migration take away the 0:06:38.960 --> 0:06:42.520 people leaving. Have a look at the people coming in 0:06:42.600 --> 0:06:45.080 a million people in just two years, just two years 0:06:45.120 --> 0:06:46.920 of this government. By the way, that number is over 0:06:47.000 --> 0:06:49.240 a million once who actually have a look at everything 0:06:49.240 --> 0:06:51.000 from June twenty twenty two on. 0:06:51.440 --> 0:06:53.560 Believe it or not, our O'm being strangely kind to 0:06:53.600 --> 0:06:54.080 the government. 0:06:55.080 --> 0:06:59.560 Now we know that this is because treasury demands more 0:06:59.560 --> 0:07:02.240 people coming in. More people, pay more taxes. More people 0:07:03.200 --> 0:07:06.839 keeps the country growing ever so slightly. But more importantly, 0:07:06.839 --> 0:07:09.680 it's able to through pay as you go taxes. The 0:07:09.760 --> 0:07:12.360 number one source of revenue for the federal government for 0:07:12.400 --> 0:07:14.160 them to be able to say, look at us, we're amazing. 0:07:14.160 --> 0:07:16.960 We have a budget surplus, but of course the baked 0:07:17.000 --> 0:07:21.080 in spending the ideas of this government guarantee that as 0:07:21.120 --> 0:07:23.560 soon as that money runs out, probably in the next 0:07:23.720 --> 0:07:26.240 twelve months or so, it is budget deficits for the 0:07:26.240 --> 0:07:30.680 next twenty five years. Judith Sloan is the excellent economics 0:07:30.680 --> 0:07:32.160 writer at the Australian Newspapers. 0:07:32.200 --> 0:07:33.520 She wrote a great column which I. 0:07:33.440 --> 0:07:35.080 Had the chance to read over the weekend, which is 0:07:35.120 --> 0:07:37.160 the immigration numbers they are just too high. 0:07:37.560 --> 0:07:39.600 The intake is still too high. 0:07:39.920 --> 0:07:42.880 The existence of multiple open ended visa classes and the 0:07:42.880 --> 0:07:46.880 Department of Homed Affairs effectively acting as administrators rubber stamp 0:07:46.920 --> 0:07:50.720 basically subject to ministerial discretions mean the numbers entering the 0:07:50.760 --> 0:07:54.360 country each year are largely unconstrained. There's nothing standing in 0:07:54.400 --> 0:07:54.920 its way. 0:07:55.520 --> 0:07:56.000 This is the. 0:07:55.960 --> 0:07:58.680 Subject to This is subject to the speed at which 0:07:58.720 --> 0:08:01.480 the public servants can process the application. She had more 0:08:01.520 --> 0:08:04.160 to say to my mate Sherry markson last week. 0:08:05.360 --> 0:08:09.080 They say, oh, this is essentially a supply problem, but 0:08:09.120 --> 0:08:12.679 it is actually both a supply and a demand problem, 0:08:12.720 --> 0:08:16.280 and they have allowed the population to grow too rapidly 0:08:16.480 --> 0:08:18.800 and the people. I mean, it's not their fault, but 0:08:18.880 --> 0:08:21.960 people coming in need somewhere to live, and there is 0:08:22.000 --> 0:08:25.360 no way the private sector, even under the most flexible 0:08:26.200 --> 0:08:30.360 and ideal arrangements, could have built a sufficient number of 0:08:30.440 --> 0:08:32.480 new homes to accommodate those numbers. 0:08:33.520 --> 0:08:36.839 This is the problem. Too many people, too quickly, too 0:08:36.960 --> 0:08:40.600 few homes. Not enough places in our ambulance. There's literally 0:08:40.640 --> 0:08:43.600 not enough places in the back of those ambulances, let 0:08:43.640 --> 0:08:46.720 alone the actual hospital bits. That's our issue every time 0:08:47.080 --> 0:08:50.000 on this particular subject. Well, as you know, there was 0:08:50.000 --> 0:08:52.360 a promise that by this time this year it was 0:08:52.400 --> 0:08:55.000 all going to be different. Now, anywhere else this would 0:08:55.040 --> 0:08:56.840 be referred to as a broken promise. But of course 0:08:56.880 --> 0:08:58.880 you couldn't dare say that about the greatest prime minister 0:08:58.920 --> 0:09:02.440 of all time, ministers that has put around them. Well, 0:09:02.480 --> 0:09:05.400 today the Treasurer while trying to lay the booting to 0:09:05.679 --> 0:09:08.080 any and everyone but himself, trying to pretend that there's 0:09:08.120 --> 0:09:09.200 going to be a magical. 0:09:08.880 --> 0:09:09.720 Fix to inflation. 0:09:10.000 --> 0:09:12.640 By the way, even if inflation goes up by less 0:09:13.080 --> 0:09:16.400 this month than last month, it's still up, which means 0:09:16.480 --> 0:09:18.880 prices have increased every. 0:09:18.480 --> 0:09:21.559 Single month since this mob came to power. 0:09:22.840 --> 0:09:27.760 Well, today he admitted that migration will be higher than forecast. 0:09:28.240 --> 0:09:29.760 I love the way that this is not described as 0:09:29.800 --> 0:09:33.040 a broken promise. Remember December they promise to cut the 0:09:33.080 --> 0:09:37.840 migration number. September the number has not been meant. That 0:09:37.880 --> 0:09:41.480 would be called a broken promise or in grim Jim's case, 0:09:41.760 --> 0:09:42.800 this garbage. 0:09:43.920 --> 0:09:46.600 Well, first of all, those net overseas migration numbers showed 0:09:46.600 --> 0:09:50.760 that in net overseas migration is coming down. It has 0:09:50.800 --> 0:09:53.640 already peaked in the past and it's been coming down 0:09:53.760 --> 0:09:57.320 ever since, and so that's important. And also those numbers 0:09:57.320 --> 0:10:01.080 are from before our new migration policies ticked in on 0:10:01.080 --> 0:10:03.760 the first of July. They predated that. So those are 0:10:03.800 --> 0:10:05.319 a couple of important caveats. 0:10:06.320 --> 0:10:11.760 Please please, there's block a million people on their watch, 0:10:12.040 --> 0:10:16.000 a million people. Before they came in, there still wasn't 0:10:16.080 --> 0:10:19.840 enough room. Rental accommodation has been difficult to find, let 0:10:19.880 --> 0:10:22.280 alone an affordable place to live. You add a million 0:10:22.320 --> 0:10:27.119 people to every single version of every single queue in Australia, 0:10:27.280 --> 0:10:32.120 everything gets tougher. It means that the scarcity of something 0:10:33.280 --> 0:10:35.600 means people can charge more for it. 0:10:36.440 --> 0:10:37.280 This is all part of. 0:10:37.280 --> 0:10:39.200 The overall picture in and around cost of living. But 0:10:39.240 --> 0:10:41.360 of course they wouldn't dare talk about any of that 0:10:41.400 --> 0:10:43.120 period Uton bad, Pedioduton bad. 0:10:43.240 --> 0:10:43.480 Right. 0:10:44.720 --> 0:10:47.480 Meantime, the number of people who are trying to become 0:10:47.720 --> 0:10:52.360 refugees in Australia, people who are lodging asylum claims, has 0:10:52.440 --> 0:10:57.440 hit the highest number in multiple years. In fact, in 0:10:57.480 --> 0:11:01.960 the financial year just gone twenty five, two hundred and 0:11:01.960 --> 0:11:06.240 ten people claimed asylum in this country, you can see, 0:11:06.360 --> 0:11:08.800 way higher than the year before, the couple of COVID years, 0:11:08.800 --> 0:11:13.920 but even higher than it was towards the back end 0:11:13.920 --> 0:11:17.120 of the liberals time in power. Oh, nothing to see here, right, 0:11:17.240 --> 0:11:20.680 nothing to see whatsoever. The problem is, we do see it, 0:11:21.240 --> 0:11:25.480 you see it. It's why I give you the data. Data, wins, arguments, 0:11:26.040 --> 0:11:28.679 spin and distraction is how they play. 0:11:29.000 --> 0:11:31.360 We deal in the real world. 0:11:32.559 --> 0:11:36.040 Of course, the Prime Minister overseas again. Airbus elbow up 0:11:36.120 --> 0:11:38.920 off and running. Very important reason he had to be 0:11:39.400 --> 0:11:41.680 not in Washington but in Delaware. 0:11:41.760 --> 0:11:44.400 This weekend was a meeting of the Quad. 0:11:44.559 --> 0:11:47.920 Which of course is Australia, the United States, Japan and India. 0:11:48.600 --> 0:11:50.480 Now this is a bit of a sign about either 0:11:50.520 --> 0:11:52.240 how bad Biden is doing or how. 0:11:52.120 --> 0:11:53.480 Little the meeting actually mattered. 0:11:53.600 --> 0:11:56.520 He held it at his house, not the White House, 0:11:56.559 --> 0:12:00.280 not Camp David, but his house in Delaware. Literally, there's 0:12:00.280 --> 0:12:03.480 somebody else scarpering out the front door. I asked for 0:12:03.520 --> 0:12:05.679 your caption to this photo, which appeared in the Australian 0:12:05.720 --> 0:12:08.480 newspaper today. There were some very funny and sometimes very 0:12:08.559 --> 0:12:11.400 mean reactions to it. I'll show you what you came 0:12:11.480 --> 0:12:13.400 up with as the description of this photo in a 0:12:13.440 --> 0:12:17.720 moment or two's time. But let's pick the Prime Minister 0:12:17.800 --> 0:12:22.000 up yet again being caught lying. Oh sorry, Porcy Pie, 0:12:22.280 --> 0:12:30.120 I'm sorry misinformation, Sorry mistruth, Sorry inaccuracy. Sydney is about 0:12:30.120 --> 0:12:32.839 to get a second airport. Both sides of politics agreed 0:12:32.880 --> 0:12:35.400 with it. It has been being built over multiple years, little 0:12:35.400 --> 0:12:38.440 cost biddings dollars, but it will apparently employ thousands and 0:12:38.480 --> 0:12:42.280 thousands of people and everything will be amazing. Now that's said, 0:12:43.200 --> 0:12:45.400 there is a little bit of detail that was made 0:12:45.559 --> 0:12:48.600 when the Prime Minister held a press conference at the 0:12:49.080 --> 0:12:50.840 under construction airport. 0:12:51.520 --> 0:12:52.439 The news was. 0:12:54.440 --> 0:12:57.480 Arena Bay will soon be within reach from Badgery's Creek. 0:12:57.840 --> 0:13:00.239 In a major coup for the new Western Sydney Airport, 0:13:00.360 --> 0:13:04.520 Singapore Airlines has signed on as its first international carrier. 0:13:05.040 --> 0:13:07.319 It's a big win for the project, which has already 0:13:07.320 --> 0:13:10.760 added Quantas and Jetstar for domestic flights. 0:13:11.800 --> 0:13:14.560 Now the Prime Minister, when he was the Shadow Transport 0:13:14.559 --> 0:13:17.840 minister's supported this. He's always backed in the idea because 0:13:17.880 --> 0:13:20.440 he doesn't like the planes that are flying over his electorate. 0:13:20.800 --> 0:13:22.440 I'll get to that in a moment or two time. 0:13:22.920 --> 0:13:24.719 But of course he was there high visit everything to 0:13:24.760 --> 0:13:27.560 pretend that this is a major step forward that you 0:13:27.559 --> 0:13:29.920 can fly from Sydney to Singapore overnight. 0:13:31.080 --> 0:13:35.200 This is a vote of confidence in this airport. I've 0:13:35.240 --> 0:13:38.400 certainly seen the plans for the airport. It's going to 0:13:38.440 --> 0:13:45.319 be the best airport in Australia in terms of modern infrastructure, 0:13:45.360 --> 0:13:48.839 in terms of the way that baggage handling occurs, the 0:13:48.840 --> 0:13:54.160 smooth transitions through the terminal. Because it is a new airport, 0:13:54.559 --> 0:13:58.640 it's using up to date technology that will help to 0:13:58.720 --> 0:14:01.480 drive productive at this site. 0:14:02.880 --> 0:14:04.839 I wonder if one of his two private planes will 0:14:04.880 --> 0:14:07.199 take off from there or whether they'll still remain where 0:14:07.200 --> 0:14:10.800 they currently are. Well long lead up, here's the punchline. 0:14:10.920 --> 0:14:14.160 There is no deal. What he stood there and announced 0:14:14.200 --> 0:14:16.439 as a major step forward is a major vote in 0:14:16.480 --> 0:14:21.240 confidence doesn't exist. Reporting this weekend from among others, the 0:14:21.280 --> 0:14:25.000 Daily Telegraph, Singapore Airlines has the federal government over at 0:14:25.000 --> 0:14:28.120 barrel because the Prime Minister in the infragrat in Infrastructure 0:14:28.160 --> 0:14:30.680 Minister Catherine King announced to the company was the first 0:14:30.680 --> 0:14:33.360 international carrier to sign up to the airport before a 0:14:33.400 --> 0:14:37.680 deal had been signed. No commercial contract on the frequency 0:14:37.680 --> 0:14:41.400 of airlines and the fees involved have been announced before 0:14:41.400 --> 0:14:43.280 the major announcement was made a couple of weeks ago 0:14:43.280 --> 0:14:47.680 by the Prime Minister, a move which critics have handed 0:14:48.840 --> 0:14:49.960 the negotiating power of the. 0:14:49.960 --> 0:14:53.560 Foreign airline rather than our own country. Nothing to see here. 0:14:54.360 --> 0:14:58.560 For her part, Bridget Mackenzie, who is the coalition's infrastructure spokesperson, 0:14:59.360 --> 0:15:01.840 has accused like of jumping the gun, saying that Australians 0:15:01.920 --> 0:15:06.040 know more competition in the aviation industry is needed, requiring 0:15:06.080 --> 0:15:07.720 more than a press release. 0:15:09.080 --> 0:15:10.560 But while we were putting. 0:15:10.240 --> 0:15:12.680 Together this one for you tonight went back and saw 0:15:12.720 --> 0:15:14.960 the original Channel One reporting from a couple of weeks ago, 0:15:15.240 --> 0:15:17.400 and one of the people who talks up the tourism 0:15:17.440 --> 0:15:23.160 industry formerly the retail industry, she said this this is. 0:15:23.160 --> 0:15:25.920 All about options for the traveling public and for the 0:15:25.960 --> 0:15:29.800 working community and for the agricultural sectors. So the capacity 0:15:29.800 --> 0:15:32.320 of this airport to operate twenty four to seven will 0:15:32.320 --> 0:15:34.120 be a great outcome across the board. 0:15:35.320 --> 0:15:37.520 Yes see, that's the dirty detail about this airport that 0:15:37.640 --> 0:15:40.920 all of its proponents never really want to address. The 0:15:40.960 --> 0:15:45.160 Western Sydney Airport will be open twenty four hours a day. 0:15:46.600 --> 0:15:50.600 It means that the noise will be twenty four hours 0:15:50.680 --> 0:15:54.600 a day over Western Sydney. Now, back when he was 0:15:54.640 --> 0:15:57.720 a local MP in the opposition, ed Husick opposed it 0:15:57.800 --> 0:16:01.080 because there would be noise over places like Mount Druitt. 0:16:01.680 --> 0:16:04.480 There will be noise over places like Penrith in the 0:16:04.520 --> 0:16:10.400 middle of the night. Now, if you say fine, fair enough, 0:16:10.400 --> 0:16:12.480 people have always known an airport was going to be there. 0:16:12.720 --> 0:16:15.280 Then could somebody please explain to me why the rules 0:16:15.280 --> 0:16:19.360 are different for the other Sydney airport to make sure 0:16:19.400 --> 0:16:24.760 that there's no noise over the Prime Minister's turf of 0:16:24.800 --> 0:16:26.040 the inner West of Sydney. 0:16:26.080 --> 0:16:27.400 You see, there's a curfew. 0:16:28.080 --> 0:16:30.160 That means there's a limit about what time they can 0:16:30.200 --> 0:16:33.360 fly in and what time they can fly out. So 0:16:33.480 --> 0:16:36.120 in Albow's world, you can sleep in peace because there'll 0:16:36.120 --> 0:16:40.280 be no planes flying over you in Western Sydney, where 0:16:40.360 --> 0:16:43.280 labor in peace may well be shaken by the Muslim vote. 0:16:43.280 --> 0:16:46.040 Apparently at this election. I guarantee at the next one, 0:16:46.360 --> 0:16:48.720 aircraft noise will be the number one issue in Western 0:16:48.720 --> 0:16:55.160 Sydney that will threaten labor in peace. Meantime, this week, 0:16:55.200 --> 0:16:57.760 expect there is going to be yet another decision from 0:16:57.760 --> 0:16:59.520 the Reserve Bank about whether they are going to make 0:16:59.520 --> 0:17:02.760 those more rates even higher, even tighter, because the Prime 0:17:02.800 --> 0:17:05.240 Minister and his idiot Treasurer, well, they have refused to 0:17:05.240 --> 0:17:07.879 actually do anything about the Australian economy rather than just 0:17:07.880 --> 0:17:09.760 turning around and pat themselves on the back for how 0:17:09.800 --> 0:17:12.240 amazing everything is, despite the fact that, as you know, 0:17:13.640 --> 0:17:15.639 while the overall economy is not in recession, there is 0:17:15.680 --> 0:17:19.320 a per capita recession, which means you and I, the workers, 0:17:19.359 --> 0:17:22.240 the citizens, the self funded retirees, we go backwards. 0:17:25.240 --> 0:17:25.880 The Reserve Bank. 0:17:25.920 --> 0:17:27.840 Of course, in the United States, it made a decision 0:17:27.880 --> 0:17:29.480 to cut interest rates last week. 0:17:29.560 --> 0:17:32.200 Do not expect that this week in Australia. 0:17:33.440 --> 0:17:37.200 It's actually high inflation that is really causing trouble for people, 0:17:37.240 --> 0:17:40.080 and it's causing trouble for the most vulnerable. If we 0:17:40.080 --> 0:17:43.359 don't get inflation down. It's bad for everyone, absolutely everyone. 0:17:43.440 --> 0:17:47.400 If inflation doesn't come down, then it might be that 0:17:47.680 --> 0:17:50.800 the best medicine is in fact that we have to 0:17:52.040 --> 0:17:54.640 end up putting more restriction into the economy. 0:17:55.600 --> 0:17:56.199 Extraordinary. 0:17:56.240 --> 0:17:57.560 By the way, don't take it from me that there's 0:17:57.600 --> 0:17:59.480 most likely not to be a cut. Here are the 0:17:59.560 --> 0:18:02.680 four big banks speaking of the Sydney Morning Herald. All 0:18:02.720 --> 0:18:04.880 four of them say nothing's going to happen at this 0:18:05.359 --> 0:18:08.200 month's vote. However, we'll see what happens maybe towards the 0:18:08.280 --> 0:18:10.760 end of the year. Westpac says we continue to expect 0:18:10.800 --> 0:18:13.439 the Reserve Bank to hold rates next week. 0:18:14.160 --> 0:18:15.320 They say it's not going to happen. 0:18:15.200 --> 0:18:19.960 Till February next year, thanks the Commonwealth Bank. Well, it 0:18:20.080 --> 0:18:23.800 says that recent strength and the employment growth had pushed 0:18:23.800 --> 0:18:26.520 out the bank's expectation of a rate cut from November 0:18:26.600 --> 0:18:31.280 to December. Thanks ALBO, the National Australia Bank. They don't 0:18:31.280 --> 0:18:34.080 expect anything to happen until May of next year. 0:18:35.040 --> 0:18:36.920 May of next year. 0:18:37.040 --> 0:18:39.679 And that's just for the first of potential cuts that 0:18:39.720 --> 0:18:41.840 are going to be taking place. And the A and 0:18:41.920 --> 0:18:45.639 Z they expect the Reserve Bank will retain much of 0:18:45.680 --> 0:18:49.040 the hawkish language in the August meeting and it's communication 0:18:49.160 --> 0:18:51.760 since put simply nothing till. 0:18:51.720 --> 0:18:54.280 February next year. 0:18:56.000 --> 0:18:57.880 Now, have you sitting down, because I've got some data 0:18:57.880 --> 0:18:59.520 for you that is going to win any and every 0:18:59.600 --> 0:19:02.720 argument about a you better off than you were three 0:19:02.760 --> 0:19:05.240 years ago at the upcoming federal election. To a third 0:19:05.280 --> 0:19:07.439 of the country that is paying off its own home, 0:19:07.920 --> 0:19:10.119 another third that is trying to potentially pay off an 0:19:10.119 --> 0:19:13.719 investment property because that's what people rent. So basically two 0:19:13.760 --> 0:19:18.520 thirds of the Australian economy absolutely linked. Higher interest rates 0:19:18.520 --> 0:19:22.480 means higher repayments. Yes, for some it does mean higher savings. 0:19:22.520 --> 0:19:25.680 But have a look at this Channel nine. They put 0:19:25.720 --> 0:19:27.879 this together where they had to look at the average 0:19:27.880 --> 0:19:32.520 monthly mortgage repayment. Now, the average mortgage in Australia is 0:19:32.560 --> 0:19:35.040 somewhere between five hundred and six hundred thousand dollars. 0:19:35.119 --> 0:19:36.320 Now you may go. 0:19:36.480 --> 0:19:39.400 Sorry, that's because yes, there's lots of units, there's lots 0:19:39.400 --> 0:19:42.199 of units in regional areas. 0:19:42.240 --> 0:19:44.320 But still here's the number worth having a look at. Right, 0:19:45.440 --> 0:19:46.440 the average. 0:19:46.160 --> 0:19:51.880 Monthly repayment in twenty and nineteen was the best part 0:19:51.960 --> 0:19:56.680 of two thousand, eight hundred dollars, right, give or take 0:19:57.359 --> 0:20:00.760 about two thousand something a loo. Where it is today, 0:20:01.640 --> 0:20:04.520 it's four and a bit. It's five and a bit. 0:20:04.680 --> 0:20:05.959 It's four in a bit. It's four and a bit. 0:20:06.000 --> 0:20:07.280