WEBVTT - Credlin | 2 July

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<v Speaker 1>Peter kl Live on Sky News Australia.

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<v Speaker 2>Well, good evening and welcome to the program. I'm Jamie

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<v Speaker 2>Rogers filling in for Peter Predlin coming up tonight. Defense

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<v Speaker 2>Industry Minister Pat Conroy says Australia's defense capabilities must adapt

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<v Speaker 2>to a more dangerous world. Today's reforms enough to meet

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<v Speaker 2>the challenge. The Reserve Bank is warning the housing market

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<v Speaker 2>is slowing faster than expected. What does this mean for

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<v Speaker 2>your wealth and our economy? First, he took his message

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<v Speaker 2>to Canbra through billboards. What's Joseph Dowe done now to

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<v Speaker 2>get in front of the Prime Minister? And the government

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<v Speaker 2>gets defensive when pressed on border protection.

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<v Speaker 3>Why is the Albanezer government so weak in protecting Australia's borders?

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<v Speaker 4>You get a sense of the Member of the marshs

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<v Speaker 4>worn in that question.

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<v Speaker 2>But first, right now, Australians are united by only one thing.

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<v Speaker 2>They are fed up. Today's Redbridge polling proves it. Australians

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<v Speaker 2>have lost faith in the major parties.

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<v Speaker 5>Take Victoria.

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<v Speaker 2>Pauline Hansen doesn't even have a state parliamentary leader. She

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<v Speaker 2>doesn't have confirmed candidates or policies. Yet one nation is

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<v Speaker 2>now polling ahead of both Labor and the Liberals. Whilst

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<v Speaker 2>it's close, are you surprised one nation is leading? Liberal

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<v Speaker 2>leader Jess Wilson has done a good job highlighting the

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<v Speaker 2>Allen government's failings, but she's now facing trouble closer to home.

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<v Speaker 2>More redeeming is refusing to apologize to Matthew Guy after

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<v Speaker 2>accusing him of assault, acclaim police have cleared him of.

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<v Speaker 2>Wilson says she has asked Deeming to apologize.

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<v Speaker 5>Throughout this process.

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<v Speaker 6>I made it clear tomorrow I expected her to apologize

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<v Speaker 6>to Matthew. I think that is the right thing to do,

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<v Speaker 6>and Mora has decided that's not the case, and now

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<v Speaker 6>the State Executive will me.

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<v Speaker 2>But for all the Liberals internal strife, the biggest story

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<v Speaker 2>sits on the other side of the chamber with Justinter Allan.

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<v Speaker 2>The Premier's net favorability is minus forty two percent, making

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<v Speaker 2>her one of the most unpopular state leaders in Australian history.

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<v Speaker 2>Victorian lay Brampees are reportedly frustrated with just Into Allan's

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<v Speaker 2>handling of crime and corruption allegations linked to Victoria's one

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<v Speaker 2>hundred billion dollar big build, and the Premier's inability to

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<v Speaker 2>explain the cost to taxpayers, especially since she oversaw the

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<v Speaker 2>transport infrastructure portfolio for almost a decade. One Nation's support

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<v Speaker 2>is now strongest outside the inner city. They're polling ahead

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<v Speaker 2>of the major parties and rural areas at thirty four percent,

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<v Speaker 2>provincial seats at thirty one percent, and out of suburban

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<v Speaker 2>electorates at two twenty eight percent. Even in inner Melbourne

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<v Speaker 2>it's still attracting one in five voters. The silver lining

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<v Speaker 2>for the coalition is that Jess Wilson is the most

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<v Speaker 2>popular leader, with an approval rating of thirteen. Senator James

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<v Speaker 2>Patterson reiterated this on Sky News.

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<v Speaker 7>What I thought was.

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<v Speaker 8>Very illustrative in that poll. Despite the messy couple of

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<v Speaker 8>weeks the Victorian limberals have had which they would acknowledge themselves,

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<v Speaker 8>Jess Wilson is by far and away the most popular

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<v Speaker 8>political leader in Victoria. I'll have to choose between either

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<v Speaker 8>Ben Carrol or de Cinder Allen or Jess Wilson. I

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<v Speaker 8>think they'll choose Jess Wilson.

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<v Speaker 2>What's frustrating about this popularity for liberal voters that while

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<v Speaker 2>Labor is under pressure over the CFMEU corruption scandal, Victoria's

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<v Speaker 2>soaring debt, crime, cost blowouts. What have the Liberals spent

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<v Speaker 2>the past week talking about themselves? Another public fight, another

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<v Speaker 2>internal distraction, another headline that has nothing to do with

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<v Speaker 2>the people they're trying to win back. And it's not

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<v Speaker 2>just Victoria, there's New South Wales. The Liberals are now

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<v Speaker 2>facing an i CAAC inquiry into allegations of illegal political donations,

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<v Speaker 2>brand stacking and factional power broking. None of those named

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<v Speaker 2>have been charged and they'll have the opportunity to respond.

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<v Speaker 2>Liberal leader Kelly Sloan spoke earlier today.

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<v Speaker 9>I support i caaq's investigation. I want them to be thorough.

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<v Speaker 9>I want them to shine a light on this. I

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<v Speaker 9>want them to hold those responsible if they are found

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<v Speaker 9>to be guilty, and I want to clear them, to

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<v Speaker 9>clear the names of those who are found to be

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<v Speaker 9>clear of any of any corruption as well. For the

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<v Speaker 9>sake of my parliamentary colleagues, we want this done.

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<v Speaker 5>We want the i CAAC to.

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<v Speaker 9>Get on with their job and we want to understand

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<v Speaker 9>what we're dealing with.

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<v Speaker 2>While Premier Chris Mins has reportedly written to New South

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<v Speaker 2>Wales's Labour's head office requesting it suspends the two labor

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<v Speaker 2>members identified by IKAC. But once again the headlines aren't

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<v Speaker 2>around the issues that are affecting Australians. They're about politicians,

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<v Speaker 2>internal factions and allegations of backroom deals.

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<v Speaker 5>At a time when.

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<v Speaker 2>Trust in politics is already at a historic low, this

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<v Speaker 2>is exactly the sort of story of why Australians are

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<v Speaker 2>disillusioned with the major parties.

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<v Speaker 9>I want people in New South Wales to know that

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<v Speaker 9>we're focused on them, not about us, not about historical scandals.

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<v Speaker 9>I want to be focused on the policy agenda that

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<v Speaker 9>I'll be driving, and I want them to know that

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<v Speaker 9>there are really good people in politics, and that is

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<v Speaker 9>all my colleagues and the majority of people in the party.

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<v Speaker 9>And wherever you see political scandal, whether it's in the

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<v Speaker 9>Liberal Party or the Labor Party or elsewhere, you know,

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<v Speaker 9>it lets us all down.

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<v Speaker 2>When political parties becomes consumed by scandals, factional warfare and

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<v Speaker 2>internal battles, voters they look somewhere else. The latest sky

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<v Speaker 2>News YUGUV pulse polling reveals something else.

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<v Speaker 5>More than a century.

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<v Speaker 2>Labor proudly called itself the Party of the worker, the

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<v Speaker 2>Party of the Unions, the party that stood up for

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<v Speaker 2>ordinary Australians, well not anymore. Today, Labour's strongest support comes

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<v Speaker 2>from wealthier Australians and the middle class. Working Australians have

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<v Speaker 2>walked away amongst self described working class voters. One Nation

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<v Speaker 2>now leads Labor by twelve points. So what's changed. Have

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<v Speaker 2>millions of Australians suddenly become rusted on One Nation supporters?

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<v Speaker 2>I don't think so. I think they're sending a message.

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<v Speaker 2>Who's listening to me? One Nation is seen as the

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<v Speaker 2>only option now, not because everyone in Australia agrees with

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<v Speaker 2>all of One Nation's policies, but politics has changed. Trust

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<v Speaker 2>has been lost, and when that happens, it's hard to

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<v Speaker 2>win back. So until Labor and the Coalition understand that

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<v Speaker 2>today's warning from Australians could become tomorrow's political reality. Governments

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<v Speaker 2>have a habit of believing they know best that if

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<v Speaker 2>they change a law, introduce a new tax, or rewrite

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<v Speaker 2>the rules, Australians will just fall into line. But that's

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<v Speaker 2>not how markets work, and it's certainly not how people work,

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<v Speaker 2>because every government eventually learns.

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<v Speaker 5>The same lesson.

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<v Speaker 2>When you change the incentives, people change their behavior, and

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<v Speaker 2>right now Labor is learning that lesson the hard way.

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<v Speaker 2>Let's look at the housing market. Labour's changes to capital

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<v Speaker 2>gains tax and negative gearing were sold as a way

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<v Speaker 2>of helping first home buyers. The Prime Minister argues Australians

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<v Speaker 2>shouldn't worry about the decline in prices. Whilst the Prime

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<v Speaker 2>Minister isn't concerned, the Reserve Bank is warning the slowdown

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<v Speaker 2>in the property market is happening faster than expected. The

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<v Speaker 2>latest figures paint a concerning picture. The value of new

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<v Speaker 2>dwelling approvals has now fallen for three consecutive months. Housing

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<v Speaker 2>credit growth has slowed to its weakest pace in a year.

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<v Speaker 5>Loan applications they're drying up.

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<v Speaker 2>Banks are already cutting mortgage rates to compete for a

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<v Speaker 2>shrinking pool of borrowers, and according to mcquarie, new lending

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<v Speaker 2>from investors has fallen by as much as fifty percent

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<v Speaker 2>fifty percent. Sky News Business editor Ross Greenwood says falling

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<v Speaker 2>house prices has a flow on impact to the economy.

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<v Speaker 10>There's a reality here, and that is the wealth effect

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<v Speaker 10>of home prices. If home prices established, home prices are falling,

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<v Speaker 10>Australians spend less. They spend less on furniture, on cars,

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<v Speaker 10>on home renovations on a whole range of things. Home

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<v Speaker 10>Builders don't build when home prices are falling, and the

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<v Speaker 10>reason is because there is no buying demand out there

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<v Speaker 10>to buy those times, and so therefore the impact on

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<v Speaker 10>the economy can be especially die.

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<v Speaker 2>The Prime Minister says, first, home buyers are finally getting

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<v Speaker 2>a fair ago because they're no longer competing with investors

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<v Speaker 2>receiving tax concessions. But what happens if the market doesn't improve.

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<v Speaker 2>Millions of Australians have most of their wealth tied up

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<v Speaker 2>in their homes. Construction employs hundreds of thousands of people.

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<v Speaker 2>State governments rely on stamp duty, banks rely on mortgage lending.

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<v Speaker 2>Confidence across the economy is closely linked to confidence in

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<v Speaker 2>the housing market.

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<v Speaker 10>The government with its target of trying to build one

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<v Speaker 10>point two million homes between well twenty twenty five and

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<v Speaker 10>the end of this decade, well that's completely cooked because

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<v Speaker 10>nobody will have the confidence to build these homes if

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<v Speaker 10>there's no demand out there and there is no profit

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<v Speaker 10>in those homes when you try and build them, And

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<v Speaker 10>that is fundamentally a real problem, an economic problem that

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<v Speaker 10>the government is going to have to face.

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<v Speaker 2>The sol says industry confidence has fallen to its lowest

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<v Speaker 2>level in five years. That's why governments should always be

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<v Speaker 2>careful when they try to engineer markets through the tax system.

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<v Speaker 2>You can legislate attax, you can change the rules, but

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<v Speaker 2>you can't legislate human behavior. This is a lesson that

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<v Speaker 2>all governments learn eventually, but for Albo, he'll have to

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<v Speaker 2>learn it the hard way. Well, let's head to Canberan

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<v Speaker 2>now for tonight's political headlines with Sky News political reporter

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<v Speaker 2>Reuben Spargo.

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<v Speaker 1>The e Safety Commissioner claims the threat of violence and

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<v Speaker 1>hate speech online is growing exponentially. Julie Inman Grant today

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<v Speaker 1>fronted the Royal Commission on Anti Semitism and Social Cohesion.

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<v Speaker 11>I feel like we've been given a fly swatter to

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<v Speaker 11>tackle a swarm of killer bees.

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<v Speaker 1>There are growing calls for the powers of the online

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<v Speaker 1>watchdog to be bolstered the government's gambling advertising ree of

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<v Speaker 1>facing a Senate roadblock. The changes would limit TV and

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<v Speaker 1>radio ads during certain times and create an opt out

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<v Speaker 1>feature for online platforms. Coalition MPs and the Greens are

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<v Speaker 1>arguing labours proposed restrictions don't go far enough Instagram, YouTube, Snapchat.

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<v Speaker 1>They need the toughest restrictions of all because their tailor

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<v Speaker 1>and gambling ads influence ads, the legislation will face a

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<v Speaker 1>Senate inquiry. The Home Affairs Minister is defending the work

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<v Speaker 1>of the Australian Border Force. An alleged people smuggling operation

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<v Speaker 1>was discovered in far North Queensland.

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<v Speaker 3>We've had twelve more illegal arrivals who managed to have

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<v Speaker 3>a frothy at the pub before authorities detained them. Why

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<v Speaker 3>is the Albaneze government so weak in protecting Australia's borders.

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<v Speaker 4>You get a sense of the members of the Marussia's

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<v Speaker 4>warn in that question, a level of the level of

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<v Speaker 4>aggression from those who want to harm our borders and

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<v Speaker 4>those who want to harm our country.

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<v Speaker 1>Parliament now enters its winter recess break.

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<v Speaker 2>More time to bring in my panel now political commentator

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<v Speaker 2>Roe Knox and Sky News contributor Caroline Katz and Varnas

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<v Speaker 2>ladies welcome.

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<v Speaker 5>I will start with you just.

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<v Speaker 2>Around this New South Wales ICAC has announced an eight

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<v Speaker 2>week public inquiry into allegations that are involving political donations

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<v Speaker 2>and branch stacking. And with those allegations they haven't been tested.

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<v Speaker 2>How important is it though, that this process is allowed

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<v Speaker 2>to run its course while ensuring public confidence in our

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<v Speaker 2>political institutions is really maintained.

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<v Speaker 12>Yeah, Jamie, So I know your viewers love context, So

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<v Speaker 12>just a little bit of context around this. Firstly, ICAC

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<v Speaker 12>has said very explicitly that these are allegations only. Secondly,

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<v Speaker 12>as you outline, there's essentially two categories of our allegations.

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<v Speaker 12>The first two are around political donations and in proper

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<v Speaker 12>uses and attempts to influence public office. That's the first two,

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<v Speaker 12>and the third is actually quite separate. It's around purported

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<v Speaker 12>in timmetry behavior by two labor counselors. The issue from

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<v Speaker 12>a political standpoint for both major parties, Jamie, as you said,

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<v Speaker 12>is this will be a public inquiry.

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<v Speaker 13>It starts at the end of July.

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<v Speaker 12>And the standard approof for IKAC is a civil one,

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<v Speaker 12>so it's on the balance of probabilities, it's not a

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<v Speaker 12>criminal one. So from a political standpoint, regardless of whether

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<v Speaker 12>these allegations are proved or disproved, this is going to

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<v Speaker 12>be very hard for both major parties.

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<v Speaker 2>Yeah, Carolye Road makes a great point. And I now

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<v Speaker 2>look back to Victoria where one nation is leading, and

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<v Speaker 2>that's despite they'm not having a leader, they don't have policies,

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<v Speaker 2>they don't have candidates, and it's just because of this

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<v Speaker 2>constant narrative where either liberals or labor are dominating the

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<v Speaker 2>headlines for all of the wrong reasons.

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<v Speaker 5>What do you think this says about.

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<v Speaker 2>The political landscape that we're in right now, that we

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<v Speaker 2>see one nation polling so well when they don't have

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<v Speaker 2>a leader.

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<v Speaker 14>Look good evening, Jamie and Roy and everyone. The thing is,

0:14:26.160 --> 0:14:29.000
<v Speaker 14>poles do bounce. I can tell you living here every

0:14:29.080 --> 0:14:33.600
<v Speaker 14>day in Victoria, Jacinta Allen is the most hated premier

0:14:34.160 --> 0:14:37.360
<v Speaker 14>in this state and also in the country. People are

0:14:37.520 --> 0:14:40.640
<v Speaker 14>absolutely fed up of what is going on. Every day

0:14:40.680 --> 0:14:44.240
<v Speaker 14>there is a front page headline about alleged corruption, the

0:14:44.520 --> 0:14:47.760
<v Speaker 14>big build, we're heading for a two hundred billion dollar debt.

0:14:48.160 --> 0:14:51.920
<v Speaker 14>Jess Wilson, who is leading the Liberals, is so popular.

0:14:52.240 --> 0:14:54.600
<v Speaker 14>People just want to get rid of this labor government.

0:14:54.640 --> 0:14:57.280
<v Speaker 14>You made a really important point that one nation they

0:14:57.320 --> 0:15:00.160
<v Speaker 14>don't have a leader, they don't know what sits they're

0:15:00.160 --> 0:15:02.760
<v Speaker 14>going to actually run in. But it shows the frustrations

0:15:02.800 --> 0:15:06.080
<v Speaker 14>of everyday Victorians. Just last night at seven point thirty,

0:15:06.200 --> 0:15:09.720
<v Speaker 14>a fifteen year old boy, a fifteen year old boy

0:15:10.360 --> 0:15:13.720
<v Speaker 14>was stabbed to death and a sixteen and twenty year

0:15:13.760 --> 0:15:20.960
<v Speaker 14>old have been charged over the actual stabbing. What charges

0:15:21.000 --> 0:15:23.840
<v Speaker 14>they face, we don't know yet, but this is horrific.

0:15:23.840 --> 0:15:28.480
<v Speaker 14>We've also got our police that are doing machete patrols

0:15:28.520 --> 0:15:31.680
<v Speaker 14>in some major shopping centers in Melbourne to try and

0:15:31.720 --> 0:15:34.440
<v Speaker 14>restore confidence because we know that there've been a lot

0:15:34.520 --> 0:15:37.360
<v Speaker 14>of knife fights and machete attacks. For the views that

0:15:37.440 --> 0:15:41.000
<v Speaker 14>may not know there were machette bins, were meant to

0:15:41.040 --> 0:15:43.680
<v Speaker 14>have the strongest laws against knife crime in this state

0:15:43.720 --> 0:15:48.040
<v Speaker 14>and against machetes. This is a dreadful waste of police resources.

0:15:48.320 --> 0:15:50.680
<v Speaker 14>It's great that they're on the beat, but they're on

0:15:50.800 --> 0:15:55.520
<v Speaker 14>specific machete patrols at major shopping centers and people have

0:15:55.640 --> 0:15:59.400
<v Speaker 14>fed up and in Victoria, this labor government really does

0:15:59.480 --> 0:16:02.440
<v Speaker 14>have to go now. The Liberals have got some internal

0:16:02.480 --> 0:16:04.640
<v Speaker 14>problems that will hopefully be resolved by the end of

0:16:04.640 --> 0:16:07.520
<v Speaker 14>the week. But Jess Wilson is out there on her tour,

0:16:07.840 --> 0:16:10.480
<v Speaker 14>thirty three day tours. She's visiting eighty eight Lower House

0:16:10.560 --> 0:16:12.040
<v Speaker 14>electorates across the state.

0:16:12.400 --> 0:16:15.040
<v Speaker 5>She is very, very popular. She's a millennial.

0:16:15.280 --> 0:16:18.560
<v Speaker 14>She is appealing to everybody and this state is just

0:16:18.640 --> 0:16:22.240
<v Speaker 14>going worse. Whether it's crime, whether it's potholes, whether it's

0:16:22.320 --> 0:16:26.720
<v Speaker 14>alleged corruption. This is a broken state. And I hear

0:16:26.800 --> 0:16:29.240
<v Speaker 14>exactly what you're saying about one Nation, but that's a

0:16:29.280 --> 0:16:33.040
<v Speaker 14>protest vote because there is no leader. And I actually

0:16:33.040 --> 0:16:36.320
<v Speaker 14>think that Labor is very scared because the Liberals are

0:16:36.320 --> 0:16:37.760
<v Speaker 14>doing very well in the polls here.

0:16:38.440 --> 0:16:40.520
<v Speaker 2>I think that is what's a bit frustrating, though, isn't

0:16:40.520 --> 0:16:43.280
<v Speaker 2>it Roe That this is the time that the Liberals

0:16:43.360 --> 0:16:45.840
<v Speaker 2>really should be shining in Victoria. And that's why I

0:16:45.840 --> 0:16:48.400
<v Speaker 2>always get quite surprised. I know that you can't take

0:16:48.480 --> 0:16:50.760
<v Speaker 2>everything on face value with the polls, but you would

0:16:50.880 --> 0:16:53.840
<v Speaker 2>think that the Liberals would be dominating in the polls.

0:16:53.880 --> 0:16:56.440
<v Speaker 2>But the most recent one still has all three one Nation,

0:16:56.560 --> 0:16:59.240
<v Speaker 2>Liberal and Labor very very closely tired.

0:16:59.240 --> 0:17:01.320
<v Speaker 5>I would have thought were a lot further back than that.

0:17:02.160 --> 0:17:04.000
<v Speaker 13>Yeah, and Jamie, you alluded to it.

0:17:04.520 --> 0:17:08.959
<v Speaker 12>They actually did the polling during that week, and I

0:17:09.000 --> 0:17:12.639
<v Speaker 12>know that Victorians can be somewhat litigious, so I'm going

0:17:12.720 --> 0:17:15.280
<v Speaker 12>to be very careful with my wording here at Jamie.

0:17:15.920 --> 0:17:20.720
<v Speaker 12>But you know, it was another chapter in the Moira Deeming.

0:17:21.800 --> 0:17:23.320
<v Speaker 13>Book when they.

0:17:23.119 --> 0:17:25.200
<v Speaker 12>Did this polling I think the other thing that's really

0:17:25.200 --> 0:17:29.360
<v Speaker 12>interesting about the polling. Jamie's Red Bridge is obviously an

0:17:29.400 --> 0:17:33.159
<v Speaker 12>excellent polling outfit, but they do have their margin at

0:17:33.200 --> 0:17:37.320
<v Speaker 12>one point four percent, and most pollsters will say that

0:17:38.000 --> 0:17:42.200
<v Speaker 12>the margin should be at least three percent. And as

0:17:42.280 --> 0:17:46.160
<v Speaker 12>Caroly said, people are going to one nation even though

0:17:46.200 --> 0:17:49.680
<v Speaker 12>they only have one endorsed candidate, who is the guy

0:17:49.680 --> 0:17:51.960
<v Speaker 12>that ran in the pen in that by election. They

0:17:51.960 --> 0:17:54.120
<v Speaker 12>don't have any other candidates.

0:17:54.000 --> 0:17:54.720
<v Speaker 13>In the field.

0:17:54.720 --> 0:17:57.080
<v Speaker 12>But I thought the other thing Jamie about the polling

0:17:57.119 --> 0:18:00.639
<v Speaker 12>that was fascinating is one nation voter is saying that

0:18:00.680 --> 0:18:05.879
<v Speaker 12>they are completely locked into that vote and they're not

0:18:06.040 --> 0:18:09.480
<v Speaker 12>necessarily going to move even though there aren't any candidates

0:18:09.480 --> 0:18:10.800
<v Speaker 12>in the field yet.

0:18:11.440 --> 0:18:13.919
<v Speaker 2>And Carraly, just on that story that you sadly were

0:18:13.960 --> 0:18:17.679
<v Speaker 2>telling us in Victoria, those two have been arrested but

0:18:17.800 --> 0:18:20.400
<v Speaker 2>not charged debt. So we will keep an eye on

0:18:20.640 --> 0:18:23.600
<v Speaker 2>that story and keep everything updated to our viewers.

0:18:24.080 --> 0:18:26.240
<v Speaker 5>But Carly, I do want to talk to you about.

0:18:26.000 --> 0:18:28.080
<v Speaker 2>A topic that I know that you've been speaking about

0:18:28.119 --> 0:18:31.159
<v Speaker 2>quite a lot, and this comes from former Prime Minister

0:18:31.240 --> 0:18:34.719
<v Speaker 2>Julia Gillard. She was speaking at Manchester University and an

0:18:34.760 --> 0:18:38.160
<v Speaker 2>audience member asked her about the changes that she made

0:18:38.200 --> 0:18:40.720
<v Speaker 2>to the Sex Discrimination Act back in twenty thirteen and

0:18:40.760 --> 0:18:43.679
<v Speaker 2>the repercussions that it's then since had on women's rights.

0:18:43.840 --> 0:18:45.080
<v Speaker 5>Take a listen to her response.

0:18:45.880 --> 0:18:47.480
<v Speaker 15>I'm not sure that this is going to be too

0:18:47.520 --> 0:18:51.720
<v Speaker 15>interesting to the audience because it's a very Australian matter.

0:18:51.760 --> 0:18:54.640
<v Speaker 15>But let me just respond in the following way. If

0:18:54.680 --> 0:18:58.320
<v Speaker 15>you look at the parliamentary debates in the changes to

0:18:58.400 --> 0:19:02.320
<v Speaker 15>the Sex Discrimination Act twenty twelve, you'll find that the

0:19:02.359 --> 0:19:07.719
<v Speaker 15>issues you're referring to were not raised by anyone because

0:19:07.760 --> 0:19:11.360
<v Speaker 15>they simply weren't a matter of public discourse the way

0:19:11.400 --> 0:19:14.400
<v Speaker 15>they are today. So it was a different time.

0:19:16.440 --> 0:19:18.920
<v Speaker 2>What do you say to that, I mean, she has

0:19:18.960 --> 0:19:22.359
<v Speaker 2>not taken any form of accountability for the mess that

0:19:22.400 --> 0:19:23.600
<v Speaker 2>has since been created.

0:19:23.680 --> 0:19:24.040
<v Speaker 5>Has she?

0:19:25.440 --> 0:19:25.520
<v Speaker 9>No?

0:19:25.680 --> 0:19:28.480
<v Speaker 14>I think Anthony Albanezi and Jim Chalmers have learned from her.

0:19:28.840 --> 0:19:29.800
<v Speaker 5>That is insulting.

0:19:30.920 --> 0:19:34.240
<v Speaker 14>It didn't even need to be changed the Sex Discrimination Act.

0:19:33.680 --> 0:19:38.639
<v Speaker 14>We've now got a situation where because biological sex was

0:19:38.680 --> 0:19:42.960
<v Speaker 14>removed from the Act, courts are actually interpreting gender identity

0:19:43.400 --> 0:19:46.199
<v Speaker 14>to be the preferred option. The other thing is she

0:19:46.320 --> 0:19:48.679
<v Speaker 14>can't say that she's a protector and a supporter of

0:19:48.680 --> 0:19:52.440
<v Speaker 14>women and girls when she's quite prepared to allow biological

0:19:52.480 --> 0:19:56.040
<v Speaker 14>males into change rooms. It's very convenient this issue, as

0:19:56.040 --> 0:19:58.520
<v Speaker 14>you said, you've been talking about it as well, Jamie.

0:19:58.920 --> 0:20:02.120
<v Speaker 14>Everyone has been to talking about She removed that we've

0:20:02.160 --> 0:20:05.720
<v Speaker 14>got the giggle and tickle case here in Australia and

0:20:05.840 --> 0:20:08.960
<v Speaker 14>how insulting to say to a British audience. Oh, I

0:20:09.000 --> 0:20:11.040
<v Speaker 14>don't think this will be of much interest. It is

0:20:11.080 --> 0:20:14.119
<v Speaker 14>a vital interest because the rest of the world seems

0:20:14.160 --> 0:20:16.719
<v Speaker 14>to have come to its senses, in the United Kingdom

0:20:16.760 --> 0:20:20.719
<v Speaker 14>and the USA, but Australia is just refusing to actually

0:20:20.840 --> 0:20:25.320
<v Speaker 14>change what is patently clear that an adult female biological

0:20:26.520 --> 0:20:31.040
<v Speaker 14>I am I'm just so irritated by Julia Gillard. I mean,

0:20:31.160 --> 0:20:32.760
<v Speaker 14>now she's coming out saying it.

0:20:33.080 --> 0:20:34.560
<v Speaker 5>We all know where has she been.

0:20:34.680 --> 0:20:37.879
<v Speaker 14>It didn't need to be changed and these are the consequences.

0:20:37.920 --> 0:20:40.679
<v Speaker 14>And you're quite rightly said Jamie. She is not taking

0:20:40.760 --> 0:20:45.439
<v Speaker 14>any accountability or responsibility for her actions and allowing a

0:20:45.480 --> 0:20:47.920
<v Speaker 14>lot of people to go through a lot of trauma

0:20:47.960 --> 0:20:50.359
<v Speaker 14>through her negligence at the time.

0:20:51.520 --> 0:20:54.520
<v Speaker 2>Whilst Julia Gillard doesn't think that it's an issue that

0:20:54.720 --> 0:20:56.520
<v Speaker 2>people have in the UK care about there's been a

0:20:56.560 --> 0:21:00.240
<v Speaker 2>lot of protests for them all standing up for australiallions

0:21:00.280 --> 0:21:03.080
<v Speaker 2>women's right. So it's been very interesting to watch Roe.

0:21:03.119 --> 0:21:05.960
<v Speaker 2>Before I let you go this one, I just found

0:21:06.119 --> 0:21:10.000
<v Speaker 2>so remarkable Snowy Hydro two point zero billions of dollars

0:21:10.000 --> 0:21:14.080
<v Speaker 2>over budget, years behind schedule, and then the Daily Telegraph

0:21:14.119 --> 0:21:17.600
<v Speaker 2>for reporting today that three thousand dollars of tax payer

0:21:17.640 --> 0:21:20.680
<v Speaker 2>money was used to pay an influencer to go and

0:21:20.800 --> 0:21:23.600
<v Speaker 2>visit the project, and I just thought, does this not

0:21:23.760 --> 0:21:26.080
<v Speaker 2>first LUSHO, how out of touch to government is. But

0:21:26.119 --> 0:21:28.679
<v Speaker 2>they're more focused on let's sell the project, let's get

0:21:28.680 --> 0:21:30.800
<v Speaker 2>an influencer out there, but let's not worry too much

0:21:30.800 --> 0:21:31.840
<v Speaker 2>about actually delivering it.

0:21:32.840 --> 0:21:34.240
<v Speaker 13>Yeah, I know, Jamie.

0:21:34.280 --> 0:21:38.960
<v Speaker 12>And the unfortunate thing around politics just at this moment

0:21:39.000 --> 0:21:43.720
<v Speaker 12>in time is it is around influencers, and it's become

0:21:44.240 --> 0:21:49.159
<v Speaker 12>a massive marketing game and even more than it ever was.

0:21:49.720 --> 0:21:54.800
<v Speaker 12>And the tials obviously during the last election used influences

0:21:55.160 --> 0:21:56.600
<v Speaker 12>to great effect.

0:21:56.640 --> 0:22:00.920
<v Speaker 13>And obviously Labor is looking at that playbook. Who I mean.

0:22:01.000 --> 0:22:05.840
<v Speaker 12>The remarkable thing about Snowy Hydro is the costings for that.

0:22:05.920 --> 0:22:08.560
<v Speaker 12>The final costings won't be done until the end of

0:22:08.560 --> 0:22:12.280
<v Speaker 12>the year, but independent people are already saying it's probably

0:22:12.320 --> 0:22:15.200
<v Speaker 12>going to be around the forty billion dollar mark when

0:22:15.200 --> 0:22:19.600
<v Speaker 12>it was estimated to be around two billion. It's obviously

0:22:19.640 --> 0:22:25.640
<v Speaker 12>an important storage and peaking power facility, but it's certainly

0:22:25.680 --> 0:22:29.800
<v Speaker 12>not a base load power facility, and there's a strong

0:22:29.920 --> 0:22:32.800
<v Speaker 12>argument to suggest that maybe this should have been diversified

0:22:32.800 --> 0:22:33.640
<v Speaker 12>into some.

0:22:33.920 --> 0:22:35.120
<v Speaker 13>Other battery innovation.

0:22:36.160 --> 0:22:39.159
<v Speaker 12>But while we're on batteries as well, Jamie, that was

0:22:40.080 --> 0:22:43.560
<v Speaker 12>said in the last election by this labor Albanese government

0:22:43.640 --> 0:22:47.439
<v Speaker 12>that investment in batteries would be about two billion. I

0:22:47.480 --> 0:22:49.960
<v Speaker 12>think Chris Bowen said it his last estimate it's going

0:22:50.040 --> 0:22:51.320
<v Speaker 12>to be over seven billion.

0:22:51.800 --> 0:22:53.600
<v Speaker 13>So you can see how.

0:22:53.680 --> 0:22:57.960
<v Speaker 12>There's a lack of rigor around costing for all these projects,

0:22:58.359 --> 0:23:02.120
<v Speaker 12>and of course that's then explaining why we've now got

0:23:02.160 --> 0:23:04.800
<v Speaker 12>this enormous tax grabbed by this government.

0:23:05.760 --> 0:23:07.200
<v Speaker 5>Yeah, it's an absolute mess.

0:23:07.200 --> 0:23:10.240
<v Speaker 2>That snowy Hydro two point zero Carolye and Roe, thank

0:23:10.280 --> 0:23:10.920
<v Speaker 2>you so much.

0:23:12.000 --> 0:23:14.119
<v Speaker 5>Well, it's been another big day in Parliament.

0:23:14.160 --> 0:23:17.600
<v Speaker 2>Before Minister's head off on the winter breaks, let's bring

0:23:17.640 --> 0:23:22.280
<v Speaker 2>in now Shadow Minister for Energy Dan Tean Dan. I

0:23:22.359 --> 0:23:26.080
<v Speaker 2>was watching question time today and there were some fiery

0:23:26.240 --> 0:23:30.000
<v Speaker 2>interactions and one of those in particular was with Tony

0:23:30.040 --> 0:23:33.520
<v Speaker 2>Burke and it was around illegal boats arriving on our

0:23:33.600 --> 0:23:36.760
<v Speaker 2>shores last night with about twelve people on board.

0:23:36.880 --> 0:23:37.920
<v Speaker 5>Let's take a quick listen.

0:23:38.880 --> 0:23:41.720
<v Speaker 4>I am proud of our authorities when they intercept drugs

0:23:43.280 --> 0:23:47.520
<v Speaker 4>those opposites. So your drug interception, so your drug interception

0:23:47.680 --> 0:23:49.280
<v Speaker 4>is a problem for our authorities.

0:23:49.600 --> 0:23:50.320
<v Speaker 16>You get a.

0:23:50.200 --> 0:23:53.760
<v Speaker 4>Sense of the letter members of MARS worn in that question,

0:23:54.359 --> 0:23:57.640
<v Speaker 4>a level of the level of aggression from those who

0:23:57.680 --> 0:23:59.720
<v Speaker 4>want to harm our boarders and those who want to

0:23:59.720 --> 0:24:03.760
<v Speaker 4>harm our country. And I am proud of Australian Border Force.

0:24:04.240 --> 0:24:08.600
<v Speaker 4>This character, this character, this leader of the opposition, the

0:24:08.680 --> 0:24:11.480
<v Speaker 4>guy who wants to bring all three right wing parties

0:24:11.520 --> 0:24:12.320
<v Speaker 4>together order.

0:24:13.560 --> 0:24:15.560
<v Speaker 2>I mean, you were having to go up there quite

0:24:15.560 --> 0:24:18.760
<v Speaker 2>a few times to get questions to be actually answered

0:24:19.040 --> 0:24:22.520
<v Speaker 2>or reframed. And I just was watching that and I thought,

0:24:22.720 --> 0:24:25.520
<v Speaker 2>what does that tell all of us about our border

0:24:25.560 --> 0:24:29.000
<v Speaker 2>security and what's happening to toughen it up.

0:24:30.600 --> 0:24:32.920
<v Speaker 16>Yeah, so Jamie, absolutely right.

0:24:32.960 --> 0:24:36.399
<v Speaker 17>There were two things which happened today in the Parliament

0:24:36.960 --> 0:24:39.040
<v Speaker 17>that well worth mentioning.

0:24:38.600 --> 0:24:40.760
<v Speaker 16>To your viewers who didn't get to see it. The

0:24:40.760 --> 0:24:42.119
<v Speaker 16>first was Tony Burke.

0:24:42.920 --> 0:24:45.760
<v Speaker 17>We asked him about what is happening to our borders

0:24:46.160 --> 0:24:49.640
<v Speaker 17>in the North, because what we've had happened is we've

0:24:49.680 --> 0:24:54.520
<v Speaker 17>had our Australian Border Force officials who do a great job,

0:24:54.560 --> 0:24:59.640
<v Speaker 17>they've been fired on by people using AK forty sevens.

0:25:00.000 --> 0:25:05.159
<v Speaker 17>I've seen drugs make their way to our coastline and

0:25:05.320 --> 0:25:10.000
<v Speaker 17>end up in our cities before that's been detected. And

0:25:10.040 --> 0:25:14.760
<v Speaker 17>then more recently we've had a boat arrive and literally

0:25:15.520 --> 0:25:19.640
<v Speaker 17>those boat arrivals, they made it to the pub, they

0:25:19.680 --> 0:25:23.000
<v Speaker 17>bought some dim sims and had a beer. And so

0:25:23.200 --> 0:25:26.480
<v Speaker 17>we asked Tony Burke, quite rightly today, and especially given

0:25:26.520 --> 0:25:31.080
<v Speaker 17>his previous record as a Immigration minister when he really

0:25:31.400 --> 0:25:35.919
<v Speaker 17>opened the floodgates, is what has happened to border security

0:25:35.960 --> 0:25:39.200
<v Speaker 17>in the last four years, given all these things have happened.

0:25:39.240 --> 0:25:43.960
<v Speaker 17>And then we had Pat Conroy, that Defense Industry Minister,

0:25:44.119 --> 0:25:47.879
<v Speaker 17>having said it the National Press Club that Sir Robert

0:25:47.920 --> 0:25:53.320
<v Speaker 17>Menzies was a Nazi, a peaser, and so we censured

0:25:53.400 --> 0:25:57.399
<v Speaker 17>him in the Parliament also, and the sad reality was

0:25:58.080 --> 0:26:02.639
<v Speaker 17>Labor opposed that sens motion. And not only that, we

0:26:02.760 --> 0:26:08.000
<v Speaker 17>had Tim Watts, the Member Victorian Member of Parliament who

0:26:08.080 --> 0:26:12.280
<v Speaker 17>basically yelled out and had to withdraw that Mensi, Sir

0:26:12.359 --> 0:26:14.000
<v Speaker 17>Robert Menzi's.

0:26:13.560 --> 0:26:14.680
<v Speaker 16>Was a coward.

0:26:15.440 --> 0:26:18.719
<v Speaker 17>So the Labor Party have shown on a policy front

0:26:18.800 --> 0:26:22.600
<v Speaker 17>they cannot get their act together and the borders are

0:26:22.720 --> 0:26:25.480
<v Speaker 17>not secure now in the North and then they're happy

0:26:25.520 --> 0:26:31.080
<v Speaker 17>to denigrate a Prime minister who has bipartisan respect in

0:26:31.119 --> 0:26:34.399
<v Speaker 17>the most heenous way. And that that played out at

0:26:34.440 --> 0:26:39.040
<v Speaker 17>Question time today just shows you how political and it's

0:26:39.080 --> 0:26:42.359
<v Speaker 17>nothing but political this Labor government is.

0:26:44.400 --> 0:26:47.440
<v Speaker 2>I wanted to get some clarification from you, just around

0:26:47.960 --> 0:26:51.440
<v Speaker 2>the news that Chris Bowen is threatening some regulatory action

0:26:51.600 --> 0:26:54.480
<v Speaker 2>against Energy Australia and this was because they failed to

0:26:54.480 --> 0:26:58.640
<v Speaker 2>meet the deadline for his new solar sharer scheme and

0:26:59.000 --> 0:27:01.600
<v Speaker 2>Energy Australia had said to them, we don't have enough time.

0:27:01.960 --> 0:27:05.119
<v Speaker 2>It's not going to be available till September. But what

0:27:05.200 --> 0:27:08.040
<v Speaker 2>did that say to you about the plan that mister

0:27:08.080 --> 0:27:09.359
<v Speaker 2>Bowen had put in place.

0:27:09.640 --> 0:27:11.720
<v Speaker 5>It just comes across a little bit disorganized.

0:27:13.119 --> 0:27:15.879
<v Speaker 16>Well, Jamie, you're being very kind calling it a plan.

0:27:16.920 --> 0:27:21.119
<v Speaker 17>Everything that Chris Bowen does is all about ideology. He

0:27:21.160 --> 0:27:25.720
<v Speaker 17>doesn't care about the real world consequences and this has

0:27:25.800 --> 0:27:29.680
<v Speaker 17>been another thing where this has been on display. He's

0:27:29.680 --> 0:27:33.800
<v Speaker 17>sprouted this idea that he's going to provide free energy

0:27:34.400 --> 0:27:36.720
<v Speaker 17>during the middle of the day, and of course it's

0:27:36.840 --> 0:27:41.920
<v Speaker 17>backfired because nothing's free. Apart from the fact that Chris

0:27:41.960 --> 0:27:46.080
<v Speaker 17>Bowen likes dishing out taxpayer money, in the end, someone

0:27:46.119 --> 0:27:49.080
<v Speaker 17>has to pay for it, and that's what we're seeing happening.

0:27:49.440 --> 0:27:51.600
<v Speaker 16>So power bills have gone through the roof.

0:27:51.760 --> 0:27:55.919
<v Speaker 17>Chris Bowen is trying everything he can to compensate for that,

0:27:56.080 --> 0:27:58.879
<v Speaker 17>but he just keeps making a bad situation worse and

0:27:58.920 --> 0:27:59.760
<v Speaker 17>this is just.

0:27:59.720 --> 0:28:02.879
<v Speaker 16>Another classic example of that.

0:28:02.960 --> 0:28:05.159
<v Speaker 17>And the fact that he's had to call in the

0:28:05.200 --> 0:28:10.760
<v Speaker 17>a Triple C to threaten companies because power prices continue.

0:28:10.280 --> 0:28:12.760
<v Speaker 16>To go up just shows you just.

0:28:13.000 --> 0:28:17.800
<v Speaker 17>What an absolute fraud Chris Bowene is. And you know,

0:28:18.000 --> 0:28:20.560
<v Speaker 17>first of all, it was two hundred and seventy five

0:28:20.640 --> 0:28:22.639
<v Speaker 17>dollars was going to come off your power bill, and

0:28:22.720 --> 0:28:25.960
<v Speaker 17>now it was going to be this idea of free power. Well,

0:28:26.480 --> 0:28:29.280
<v Speaker 17>you know, we all know nothing's free, and Chris Bononen's

0:28:29.320 --> 0:28:30.720
<v Speaker 17>being found out again about it.

0:28:31.680 --> 0:28:34.520
<v Speaker 2>Well, Dante and you and the Coalition have a very

0:28:34.520 --> 0:28:36.919
<v Speaker 2>big job ahead to keep labor to account. I do

0:28:37.000 --> 0:28:41.440
<v Speaker 2>appreciate your time tonight. Well after the break, Defense Industry

0:28:41.480 --> 0:28:44.720
<v Speaker 2>Minister Pat Conroy says our defense systems are no longer

0:28:44.760 --> 0:28:48.400
<v Speaker 2>fit for purpose, and later the IRBA says the housing

0:28:48.480 --> 0:28:52.160
<v Speaker 2>market is cooling faster than expected. What does this mean

0:28:52.200 --> 0:29:00.160
<v Speaker 2>for our economy? Welcome back, it's great to have your company.

0:29:00.560 --> 0:29:04.160
<v Speaker 2>Defense Industry Minister Pat Conroy used a National Press Club

0:29:04.160 --> 0:29:07.920
<v Speaker 2>address today to argue Australia's defense systems are no longer

0:29:07.920 --> 0:29:11.320
<v Speaker 2>fit for purpose. He said the world has changed dramatically,

0:29:11.720 --> 0:29:15.280
<v Speaker 2>but the way defense operates has not kept pace, while

0:29:15.320 --> 0:29:17.680
<v Speaker 2>at the same time, Labor is trying to hold the

0:29:17.680 --> 0:29:22.120
<v Speaker 2>line on Orcus despite grassroots members pushing for the party

0:29:22.200 --> 0:29:26.280
<v Speaker 2>to rethink the submarine deal. Well for Former Army Director

0:29:26.320 --> 0:29:30.600
<v Speaker 2>General Brigadier Ian Langford joins me. Now and Ian, let's

0:29:30.640 --> 0:29:33.400
<v Speaker 2>start with that speech at the National Press Club today

0:29:33.520 --> 0:29:38.200
<v Speaker 2>where the Minister has said our defense systems are outdated

0:29:38.360 --> 0:29:39.560
<v Speaker 2>over the last decade.

0:29:39.760 --> 0:29:40.600
<v Speaker 5>Let's take a listen.

0:29:41.520 --> 0:29:44.800
<v Speaker 16>Systems we've been working with a no longer fit for purpose.

0:29:45.280 --> 0:29:48.600
<v Speaker 18>The fact is these systems were designed for a very

0:29:48.600 --> 0:29:49.320
<v Speaker 18>different world.

0:29:51.040 --> 0:29:55.080
<v Speaker 2>Do you agree, Ian, with the way that defense operates

0:29:55.160 --> 0:29:58.440
<v Speaker 2>is now outdated and does need to have a refresh.

0:29:59.240 --> 0:30:01.440
<v Speaker 19>Well, thanks for having us on your show. I think

0:30:01.600 --> 0:30:06.080
<v Speaker 19>the admission from the Minister today that the defense acquisition

0:30:06.200 --> 0:30:09.840
<v Speaker 19>system is in the reform is a significant announcement, I

0:30:09.880 --> 0:30:13.760
<v Speaker 19>think by his own admission, for too long defense has

0:30:13.840 --> 0:30:17.400
<v Speaker 19>been focused on the requirements and the submission setting phase

0:30:17.440 --> 0:30:20.920
<v Speaker 19>of the equipment delivery cycle, and there hasn't been enough

0:30:20.960 --> 0:30:24.360
<v Speaker 19>focus on delivery and outcomes. When we think about some

0:30:24.440 --> 0:30:27.520
<v Speaker 19>of the challenges in places like sovereign shipbuilding and guide

0:30:27.520 --> 0:30:31.640
<v Speaker 19>of weapons and orcus, we can see that the government

0:30:31.760 --> 0:30:34.680
<v Speaker 19>is now making efforts, like the Americans and the British

0:30:34.960 --> 0:30:37.520
<v Speaker 19>to reform their acquisition systems so that they can keep

0:30:37.520 --> 0:30:41.440
<v Speaker 19>pace with the changing international operating environment, the changing character

0:30:41.480 --> 0:30:43.800
<v Speaker 19>of the threat, and of course be able to provide

0:30:43.840 --> 0:30:47.680
<v Speaker 19>those other dividends in the form of skills, industry and

0:30:47.840 --> 0:30:50.120
<v Speaker 19>jobs that it's looking to do to extract every bit

0:30:50.160 --> 0:30:51.680
<v Speaker 19>of value out of defense dollar.

0:30:51.480 --> 0:30:51.960
<v Speaker 16>That it can.

0:30:52.880 --> 0:30:55.360
<v Speaker 2>And one of the announcements that came out today does

0:30:55.440 --> 0:30:57.680
<v Speaker 2>see the merger of three divisions, and you were just

0:30:57.760 --> 0:31:02.400
<v Speaker 2>mentioning there about weapons and ship building and overall capability,

0:31:02.800 --> 0:31:04.880
<v Speaker 2>So those three divisions are now going to be under

0:31:04.920 --> 0:31:08.960
<v Speaker 2>one unified leadership structure. Do you have concerns though, that

0:31:09.080 --> 0:31:11.080
<v Speaker 2>we're going to probably lose a bit of lack of

0:31:11.120 --> 0:31:13.440
<v Speaker 2>personnel under this merger or is it the right move

0:31:13.520 --> 0:31:15.680
<v Speaker 2>to consolidate it all.

0:31:15.840 --> 0:31:19.640
<v Speaker 19>Well, it's very interesting because the new delivery agency will

0:31:19.640 --> 0:31:22.680
<v Speaker 19>report directly to the Minister Males. It won't report to

0:31:22.720 --> 0:31:24.760
<v Speaker 19>the Secretary, it won't report to the Chief of the

0:31:24.760 --> 0:31:28.720
<v Speaker 19>Defense Force. So what we're seeing is unification as you say,

0:31:28.800 --> 0:31:32.000
<v Speaker 19>shipbuilding guide of weapons and delivery, but reporting to a

0:31:32.040 --> 0:31:35.680
<v Speaker 19>minister directly, which will sit in parallel to the rest

0:31:35.680 --> 0:31:37.800
<v Speaker 19>of the department. So it remains to be seen how

0:31:37.800 --> 0:31:41.320
<v Speaker 19>effective that level of minister or oversight can have on

0:31:41.400 --> 0:31:44.600
<v Speaker 19>the bottom line in terms of delivery of capability, but

0:31:44.760 --> 0:31:46.760
<v Speaker 19>it is clear that the government's see to make this

0:31:46.800 --> 0:31:49.239
<v Speaker 19>a priority. I would also point out today that the

0:31:49.240 --> 0:31:53.280
<v Speaker 19>minister's speech was more ideological than technical, and obviously this

0:31:53.560 --> 0:31:57.640
<v Speaker 19>notion around what he terms progressive patriotism relates not only

0:31:57.720 --> 0:32:01.040
<v Speaker 19>to defense acquisition, but the social life sence of the

0:32:01.040 --> 0:32:05.040
<v Speaker 19>defense budget as it relates to particularly the ALP membership

0:32:05.040 --> 0:32:06.440
<v Speaker 19>in the Australian public at large.

0:32:07.640 --> 0:32:09.560
<v Speaker 2>Before I let you go, I do want to get

0:32:09.560 --> 0:32:14.000
<v Speaker 2>your thoughts around reports where grassroots Labor members want the

0:32:14.040 --> 0:32:17.520
<v Speaker 2>party to rethink ORCUS. Now the leadership, they all seem

0:32:17.560 --> 0:32:20.760
<v Speaker 2>determined to keep the policy as is front of mine

0:32:20.800 --> 0:32:25.040
<v Speaker 2>in place. From a national security perspective, how important is

0:32:25.080 --> 0:32:27.960
<v Speaker 2>it that Australia remains committed to ORCUS.

0:32:29.360 --> 0:32:30.040
<v Speaker 16>Very important.

0:32:30.080 --> 0:32:34.560
<v Speaker 19>We've got thirty plus years of delivery as it relates

0:32:34.600 --> 0:32:38.840
<v Speaker 19>to Australia's future undersea capability and critical deterrence, and the

0:32:38.840 --> 0:32:42.960
<v Speaker 19>issue of social license and public support for UCUS is

0:32:43.000 --> 0:32:45.640
<v Speaker 19>as fundamental as the delivery of the submarines themselves. So

0:32:45.960 --> 0:32:50.440
<v Speaker 19>the ALP National Conference will debate. Aucas the ALP Caucus

0:32:50.480 --> 0:32:54.000
<v Speaker 19>and the Government clearly support the policy, but what's important

0:32:54.200 --> 0:32:57.440
<v Speaker 19>is the broader public discourse about how important this capability

0:32:57.480 --> 0:33:00.520
<v Speaker 19>is for the future defense of Australia. This is just

0:33:00.560 --> 0:33:04.120
<v Speaker 19>more than ideological. This goes to defense policy at its heart,

0:33:04.160 --> 0:33:06.800
<v Speaker 19>and we will see over the coming weeks just how

0:33:06.800 --> 0:33:09.400
<v Speaker 19>to resolve the government is to make sure that it

0:33:09.440 --> 0:33:10.680
<v Speaker 19>remains a priority.

0:33:10.320 --> 0:33:11.040
<v Speaker 16>As it should be.

0:33:11.880 --> 0:33:14.840
<v Speaker 2>Well and I appreciate your insights tonight, thanks for joining me.

0:33:15.680 --> 0:33:18.760
<v Speaker 2>Well after the break, the RBA says the housing market

0:33:18.800 --> 0:33:21.760
<v Speaker 2>is cooling faster than expected, So what does this mean

0:33:21.800 --> 0:33:22.680
<v Speaker 2>for our economy?

0:33:23.160 --> 0:33:33.120
<v Speaker 5>Plus what is supermarket giant Cole's buying welcome back.

0:33:33.160 --> 0:33:35.720
<v Speaker 2>Well, let's turn to the housing market now, because there

0:33:35.760 --> 0:33:39.240
<v Speaker 2>are some warning signs beginning to emerge. The RBA says

0:33:39.280 --> 0:33:43.040
<v Speaker 2>the market it's cooling faster than expected, with loan applications

0:33:43.080 --> 0:33:47.000
<v Speaker 2>falling and reports that investor lending has dropped sharply. The

0:33:47.040 --> 0:33:49.880
<v Speaker 2>government's argument is these changes are making it easier for

0:33:49.920 --> 0:33:52.760
<v Speaker 2>first time buyers to compete, but critics warn that if

0:33:52.800 --> 0:33:56.520
<v Speaker 2>you discourage investors too much, you risk reducing housing supply.

0:33:56.880 --> 0:34:00.640
<v Speaker 2>It's time to bring in AMP Chief economist Shane Oliver, Shane,

0:34:00.680 --> 0:34:05.000
<v Speaker 2>it's great to see you. Let's start with the Reserve Bank.

0:34:05.720 --> 0:34:10.640
<v Speaker 2>They've highlighted that labors housing tax changes as one of

0:34:10.719 --> 0:34:14.200
<v Speaker 2>the reasons why the market is cooling more quickly than expected.

0:34:14.880 --> 0:34:18.440
<v Speaker 2>What are the risks that these reforms will discourage investment

0:34:19.000 --> 0:34:22.040
<v Speaker 2>and the flow on effects to the greater economy.

0:34:23.160 --> 0:34:26.800
<v Speaker 18>That's certainly a big risk, and even the budget papers

0:34:26.840 --> 0:34:30.360
<v Speaker 18>released back in May highlighted the Treasury expected that the

0:34:30.400 --> 0:34:35.080
<v Speaker 18>tax changes in relation to investors would on balance reduce

0:34:35.160 --> 0:34:38.239
<v Speaker 18>housing supply by about thirty five thousand dwellings over the

0:34:38.320 --> 0:34:41.000
<v Speaker 18>next ten years. I mean, obviously that's a bit of

0:34:41.000 --> 0:34:42.840
<v Speaker 18>a guestimate. Could be a lot worse than that. But

0:34:42.880 --> 0:34:46.839
<v Speaker 18>the bottom line is that even though negative gearing still

0:34:46.840 --> 0:34:50.480
<v Speaker 18>applies to new bills, that definition of new builds is

0:34:50.560 --> 0:34:54.520
<v Speaker 18>quite narrow. More importantly, there will be less investors in

0:34:54.560 --> 0:34:57.600
<v Speaker 18>the system because the tax incentives work against them. Don't

0:34:57.600 --> 0:34:59.880
<v Speaker 18>forget a new build will eventually become an old build

0:35:00.280 --> 0:35:03.120
<v Speaker 18>and it won't be subject to needative gearing benefits. So

0:35:03.600 --> 0:35:06.520
<v Speaker 18>as a result of less investors in the system, that

0:35:06.560 --> 0:35:10.480
<v Speaker 18>can mean over time a lower supply of housing. So

0:35:10.520 --> 0:35:12.399
<v Speaker 18>you can end up with a situation where you may

0:35:12.440 --> 0:35:16.160
<v Speaker 18>get lower prices at least that's what we're seeing right now.

0:35:17.320 --> 0:35:18.800
<v Speaker 18>Our bet it's just the fleck off the top, but

0:35:18.840 --> 0:35:20.840
<v Speaker 18>you end up with higher rents and you still have

0:35:21.120 --> 0:35:22.600
<v Speaker 18>housing shortage in the country.

0:35:23.840 --> 0:35:26.640
<v Speaker 2>I want to turn our focus now to super funds.

0:35:26.680 --> 0:35:30.040
<v Speaker 2>They release their annual returns for the past financial year.

0:35:30.760 --> 0:35:32.760
<v Speaker 2>Does it look as though it's strong for now?

0:35:34.000 --> 0:35:34.839
<v Speaker 16>Well, it certainly does.

0:35:34.920 --> 0:35:37.640
<v Speaker 18>Those returns have been quite solid, and I think over

0:35:37.640 --> 0:35:39.960
<v Speaker 18>the last five years they've been pretty good. I think

0:35:39.960 --> 0:35:42.360
<v Speaker 18>we've almost had three years in a row of returns

0:35:42.760 --> 0:35:45.440
<v Speaker 18>circling around the ten percent nine ten percent.

0:35:45.160 --> 0:35:45.800
<v Speaker 16>Sort of number.

0:35:46.280 --> 0:35:50.200
<v Speaker 18>And obviously the Ausie share market didn't perform fantastically well

0:35:50.239 --> 0:35:52.920
<v Speaker 18>over the last felve months. I think it returned around

0:35:52.960 --> 0:35:55.840
<v Speaker 18>six and a half percent with dividends and added in there.

0:35:56.480 --> 0:35:59.120
<v Speaker 18>But global shares returned. I think the US was about

0:35:59.120 --> 0:36:02.480
<v Speaker 18>eighteen percent in capital growth alone. Once you add in dividends,

0:36:02.480 --> 0:36:05.840
<v Speaker 18>it pushes up towards twenty percent. Similar story for European shares,

0:36:06.160 --> 0:36:09.000
<v Speaker 18>even more for Japanese shares. So fantastic returns out of

0:36:09.000 --> 0:36:12.240
<v Speaker 18>global shares, partly on the back of enthusiasm for AI

0:36:12.800 --> 0:36:16.040
<v Speaker 18>and its benefit for the broader economy. So that's what's

0:36:16.040 --> 0:36:18.480
<v Speaker 18>held returns up. I guess it's always a question mark

0:36:18.520 --> 0:36:21.839
<v Speaker 18>will that be sustained or not. But my view is

0:36:21.960 --> 0:36:25.000
<v Speaker 18>unless you can see a recession on the horizon, then

0:36:25.239 --> 0:36:28.480
<v Speaker 18>odds markets will continue to generally trend up. You'll get

0:36:28.560 --> 0:36:33.000
<v Speaker 18>volatility like we saw after the war, starting with Iran,

0:36:33.040 --> 0:36:34.640
<v Speaker 18>and like we saw last year in relation to the

0:36:34.719 --> 0:36:37.759
<v Speaker 18>tariffs initially, but the broad trend remains up and I

0:36:37.800 --> 0:36:40.759
<v Speaker 18>still don't see a recession on the horizon, particularly in

0:36:40.800 --> 0:36:43.600
<v Speaker 18>the US. That's very important, but also we don't see

0:36:43.640 --> 0:36:46.120
<v Speaker 18>a recession in Australia. Our beet growth will slow down

0:36:46.160 --> 0:36:49.799
<v Speaker 18>a bit, so therefore those returns probably remain okay at

0:36:49.880 --> 0:36:51.400
<v Speaker 18>least for the next six to twelve months.

0:36:52.440 --> 0:36:55.440
<v Speaker 2>Shane, I wanted to get your thoughts on an acquisition

0:36:55.560 --> 0:36:59.520
<v Speaker 2>that I saw today and it's Cole who This seems

0:36:59.520 --> 0:37:02.400
<v Speaker 2>to be an odd purchase, but they are looking to

0:37:02.480 --> 0:37:05.440
<v Speaker 2>take over pet Barn. What do you make of this

0:37:05.600 --> 0:37:07.719
<v Speaker 2>and but what it's going to do to the overall

0:37:07.880 --> 0:37:13.000
<v Speaker 2>landscape in particular with that Woolworths versus Coals, Well, to some.

0:37:13.040 --> 0:37:15.359
<v Speaker 18>Degree they're following Wilworst because a couple of years back

0:37:15.360 --> 0:37:19.040
<v Speaker 18>in twenty twenty four, Woolworth Board a share in the

0:37:19.080 --> 0:37:21.680
<v Speaker 18>parent company fifty five percent share in the parent company

0:37:21.680 --> 0:37:25.560
<v Speaker 18>of pet Stock, which of course is the key competitor

0:37:25.640 --> 0:37:28.920
<v Speaker 18>to pet Barn, and so to some degree they're following

0:37:28.920 --> 0:37:29.520
<v Speaker 18>each other.

0:37:29.400 --> 0:37:31.279
<v Speaker 16>Into the pet business. Pet business is.

0:37:31.239 --> 0:37:34.680
<v Speaker 18>Growing very strongly as more and more people get dogs,

0:37:34.719 --> 0:37:36.719
<v Speaker 18>particularly starting at the time of the pandemic, and that

0:37:36.800 --> 0:37:41.239
<v Speaker 18>seems to have continued. They do stop certain pet items

0:37:41.280 --> 0:37:44.920
<v Speaker 18>in their supermarkets, but it's relatively narrow so I guess

0:37:44.960 --> 0:37:47.440
<v Speaker 18>their reasoning is that they're going into a strong growth

0:37:47.480 --> 0:37:50.799
<v Speaker 18>area of the Aussie economy. But we've said in the

0:37:50.840 --> 0:37:53.439
<v Speaker 18>past that some of these bets don't always pay off

0:37:53.480 --> 0:37:54.080
<v Speaker 18>with liquor.

0:37:54.480 --> 0:37:55.760
<v Speaker 16>Arguably it did.

0:37:56.120 --> 0:37:58.880
<v Speaker 18>I think it's been mixed to some degree with service

0:37:58.880 --> 0:38:03.080
<v Speaker 18>stations petal stakes. So we'll tell whether this one will work.

0:38:03.120 --> 0:38:05.399
<v Speaker 18>But it is fairly expensive. But I think it's four

0:38:05.400 --> 0:38:09.160
<v Speaker 18>billion dollars I've read and basically if you're purchasing pet

0:38:09.200 --> 0:38:11.439
<v Speaker 18>bar and you're looking at two hundred and sixty seven

0:38:11.480 --> 0:38:15.239
<v Speaker 18>stores around Australia, So I mean, in some ways some

0:38:15.320 --> 0:38:17.600
<v Speaker 18>might see that as as a bit of a barrier

0:38:17.600 --> 0:38:20.959
<v Speaker 18>to competition, but you're still going to have those two

0:38:21.360 --> 0:38:24.279
<v Speaker 18>major pet stores out there, Petstock and pet Bar, and

0:38:24.280 --> 0:38:25.600
<v Speaker 18>they'll still be competing.

0:38:25.200 --> 0:38:25.759
<v Speaker 16>With each other.

0:38:26.560 --> 0:38:30.040
<v Speaker 5>Shane, it's always great speaking with you. Chat to you soon. Well,

0:38:30.080 --> 0:38:33.040
<v Speaker 5>first it was the billboards. Now it's the tennis court.

0:38:33.200 --> 0:38:37.160
<v Speaker 2>Founder of mortgage broker, It's simple Finance. Joseph Dowd made

0:38:37.239 --> 0:38:41.080
<v Speaker 2>headlines with his anti ambition tax campaign and last night

0:38:41.200 --> 0:38:44.439
<v Speaker 2>paid sixteen five hundred dollars for the chance to take

0:38:44.440 --> 0:38:47.319
<v Speaker 2>on Anthony alban Easy and perhaps also have a few

0:38:47.360 --> 0:38:49.480
<v Speaker 2>words with him as well. It's the time to bring

0:38:49.520 --> 0:38:53.399
<v Speaker 2>in now Joseph Dowd and Joseph, you look like you're

0:38:53.440 --> 0:38:57.359
<v Speaker 2>ready to already hit the court. You're tall there. The season, Well,

0:38:57.400 --> 0:39:00.000
<v Speaker 2>your tornament of the Prime Minister is going to continue.

0:39:00.160 --> 0:39:02.520
<v Speaker 2>You tell us about this auction prize that you won

0:39:02.600 --> 0:39:03.120
<v Speaker 2>last night.

0:39:04.520 --> 0:39:08.959
<v Speaker 7>Last night the government was celebrating, then went to ball,

0:39:09.080 --> 0:39:11.960
<v Speaker 7>and as we all know, there's always an auction for charity.

0:39:12.800 --> 0:39:14.839
<v Speaker 7>I found out about the ball a couple days ago

0:39:14.880 --> 0:39:16.759
<v Speaker 7>and I saw that one of the grand prizers was

0:39:16.800 --> 0:39:19.560
<v Speaker 7>a tennis match with the Prime Minister. I was so

0:39:19.640 --> 0:39:23.719
<v Speaker 7>excited to be able to contribute, but also be able

0:39:23.800 --> 0:39:25.960
<v Speaker 7>to get that private time with the Prime Minister because

0:39:26.360 --> 0:39:29.719
<v Speaker 7>seems like a lot of our questions are still unanswered,

0:39:29.760 --> 0:39:31.959
<v Speaker 7>and what better way The thrill gave tat us.

0:39:32.760 --> 0:39:35.200
<v Speaker 2>Well, Joseph, I know you're trying very hard to get

0:39:35.200 --> 0:39:38.280
<v Speaker 2>the government to hear your concerns about their tax changes.

0:39:38.760 --> 0:39:41.000
<v Speaker 2>The Prime Minister was actually asked about you in question

0:39:41.200 --> 0:39:43.240
<v Speaker 2>time today. Here is his response.

0:39:44.120 --> 0:39:47.840
<v Speaker 20>If it's a choice between someone who's in the sector

0:39:47.920 --> 0:39:51.080
<v Speaker 20>somewhere and who's got enough money to buy billboards and

0:39:51.120 --> 0:39:55.960
<v Speaker 20>spend all this or first home buyers struggling.

0:39:57.120 --> 0:39:58.480
<v Speaker 13>I'm for the first.

0:39:58.160 --> 0:40:02.960
<v Speaker 2>Time I heard those comments and I thought, oh, this

0:40:03.080 --> 0:40:05.400
<v Speaker 2>is going to be game on. Joseph is going to

0:40:05.400 --> 0:40:08.279
<v Speaker 2>be going very hard on that tennis court. But what

0:40:08.320 --> 0:40:11.200
<v Speaker 2>do you say when you hear that Anthony ALBINIZI is

0:40:11.200 --> 0:40:14.600
<v Speaker 2>able to deflect on his performance because of what you

0:40:14.640 --> 0:40:15.279
<v Speaker 2>did last night?

0:40:16.640 --> 0:40:19.239
<v Speaker 7>He's saying this is for first home buyers. How is

0:40:19.320 --> 0:40:23.880
<v Speaker 7>taxing Pokemon cards more better for first home buyers? How

0:40:23.880 --> 0:40:27.040
<v Speaker 7>did the increase of supply of housing? No one knows.

0:40:27.239 --> 0:40:30.040
<v Speaker 7>If you opened a booster packet, pull out a rare card,

0:40:30.480 --> 0:40:32.480
<v Speaker 7>sell that for X amount of dollars, you're going to

0:40:32.480 --> 0:40:35.160
<v Speaker 7>be charged forty seven percent. I sort of know how

0:40:35.200 --> 0:40:38.880
<v Speaker 7>that's going to assist first home buyers at increase housing supply.

0:40:39.239 --> 0:40:41.839
<v Speaker 7>So I'm going to have ninety minutes on the court

0:40:41.880 --> 0:40:44.160
<v Speaker 7>with him to discuss all of this, and I can't wait.

0:40:44.719 --> 0:40:46.799
<v Speaker 2>And you also get to take two other people with

0:40:46.840 --> 0:40:48.520
<v Speaker 2>you as well. Are you going to take your friends

0:40:48.520 --> 0:40:51.879
<v Speaker 2>along with you or your business partners and all three

0:40:51.920 --> 0:40:52.480
<v Speaker 2>other people?

0:40:52.680 --> 0:40:52.839
<v Speaker 13>Oh?

0:40:52.880 --> 0:40:55.320
<v Speaker 5>Three other people. There's four of you up against Alvo.

0:40:56.600 --> 0:41:00.400
<v Speaker 7>Apparently we get to go three with a group of four. Now,

0:41:01.080 --> 0:41:03.200
<v Speaker 7>a lot of people have asked me to come with

0:41:03.560 --> 0:41:05.600
<v Speaker 7>you know, a lot of industry experts, a lot of

0:41:05.600 --> 0:41:07.600
<v Speaker 7>people that have been loud about the budget as well.

0:41:08.080 --> 0:41:10.239
<v Speaker 7>A lot of people that just want to ask the

0:41:10.239 --> 0:41:12.879
<v Speaker 7>Prime Minister a couple of questions. We haven't decided. We

0:41:13.040 --> 0:41:16.880
<v Speaker 7>are still in consultation. We might change our position, but

0:41:17.520 --> 0:41:19.080
<v Speaker 7>there will be four of us on the day.

0:41:20.040 --> 0:41:22.799
<v Speaker 5>Well, Joseph, you're always very entertaining. I tell you what.

0:41:23.040 --> 0:41:25.919
<v Speaker 2>Now, Benezi is apparently very very good on the tennis court,

0:41:25.960 --> 0:41:27.440
<v Speaker 2>so make sure you're out there practicing.

0:41:28.280 --> 0:41:28.720
<v Speaker 16>Ah.

0:41:29.360 --> 0:41:31.480
<v Speaker 7>I don't think he's that good, but we'll see on

0:41:31.560 --> 0:41:31.879
<v Speaker 7>the day.

0:41:32.560 --> 0:41:34.399
<v Speaker 5>Yes, you will. Thank you.

0:41:35.000 --> 0:41:38.319
<v Speaker 2>After the break, US President Donald Trump says Iran's de

0:41:38.560 --> 0:41:42.160
<v Speaker 2>nuclearization is moving along well, Plass. For the first time

0:41:42.200 --> 0:41:46.080
<v Speaker 2>in decades, Russia may need to import fuel as shortages

0:41:46.200 --> 0:41:48.520
<v Speaker 2>cause a political headache for Vladimir Putin.

0:41:53.360 --> 0:41:53.960
<v Speaker 5>Welcome back.

0:41:54.080 --> 0:41:58.040
<v Speaker 2>Let's get straight into tonight's international panel. Sky News contributor

0:41:58.160 --> 0:42:01.959
<v Speaker 2>Kosher Gata and former Foreign Affairs and Defense Committee Chair

0:42:02.040 --> 0:42:05.680
<v Speaker 2>Michael Danby. Great to see the two of you, Kosha.

0:42:05.760 --> 0:42:08.640
<v Speaker 2>I'm going to start with you. With the US and Iran,

0:42:09.239 --> 0:42:12.960
<v Speaker 2>they're reportedly establishing a communication channel, and this is to

0:42:12.960 --> 0:42:16.759
<v Speaker 2>monitor any violations of their ceasefire agreement. But when you

0:42:16.800 --> 0:42:19.279
<v Speaker 2>hear that, what do you think? This says about the

0:42:19.280 --> 0:42:20.000
<v Speaker 2>peace talks.

0:42:23.239 --> 0:42:25.200
<v Speaker 5>It just feels like more of the same.

0:42:25.960 --> 0:42:27.759
<v Speaker 11>I hate to see it, but I think this is

0:42:27.760 --> 0:42:30.239
<v Speaker 11>why I sort of the world is getting a little

0:42:30.280 --> 0:42:30.800
<v Speaker 11>bit tired of it.

0:42:30.880 --> 0:42:31.160
<v Speaker 5>Jamie.

0:42:31.200 --> 0:42:33.720
<v Speaker 11>I have to say, we obviously want progress, We want

0:42:33.960 --> 0:42:36.080
<v Speaker 11>a piece deal that sort of sticks. I can tell

0:42:36.080 --> 0:42:39.399
<v Speaker 11>you domestically, people really want this whole situation wrapped up

0:42:39.440 --> 0:42:42.520
<v Speaker 11>so that President Trump can focus on the midterms. But

0:42:42.560 --> 0:42:46.080
<v Speaker 11>it feels like a very fragile situation. Of course, we

0:42:46.120 --> 0:42:48.879
<v Speaker 11>get mixed messages from what's coming out of Tehran versus

0:42:48.960 --> 0:42:52.239
<v Speaker 11>what comes out of President Trump's administration, but it feels like,

0:42:52.320 --> 0:42:54.520
<v Speaker 11>hopefully things are moving in the right direction. I would

0:42:54.520 --> 0:42:57.320
<v Speaker 11>put it that way, with a lot of caution, healthy

0:42:57.360 --> 0:43:00.279
<v Speaker 11>caution put on it. And it is fragile, so any

0:43:00.280 --> 0:43:02.600
<v Speaker 11>time it feels like we're just on a trigger wire.

0:43:02.719 --> 0:43:04.839
<v Speaker 11>And as we just saw a couple of days ago,

0:43:05.000 --> 0:43:09.319
<v Speaker 11>things can escalat and often have and probably will continue to.

0:43:10.440 --> 0:43:13.520
<v Speaker 2>And Michael, one of those things appears to be nuclear.

0:43:13.600 --> 0:43:17.759
<v Speaker 2>That's the central sticking point in this piece process. But

0:43:17.840 --> 0:43:21.920
<v Speaker 2>President Trump has said that the denuclearization of Iran is

0:43:21.960 --> 0:43:24.719
<v Speaker 2>moving along. Well, those are his words, but how much

0:43:24.760 --> 0:43:28.279
<v Speaker 2>confidence should we have that Tehran is genuinely prepared to

0:43:28.280 --> 0:43:31.320
<v Speaker 2>give up its nuclear ambitions none.

0:43:31.160 --> 0:43:35.880
<v Speaker 21>At all, because it's an Islamist fanatic regime that believes

0:43:35.920 --> 0:43:39.960
<v Speaker 21>in the coming of the Mahdi. That is the motivating

0:43:40.239 --> 0:43:46.479
<v Speaker 21>thing that motivates the leaders of Iran. Look, the oil

0:43:46.600 --> 0:43:49.960
<v Speaker 21>is flowing through the straits of Hormuz. It seems to

0:43:50.000 --> 0:43:54.000
<v Speaker 21>be a managed conflict at the moment. And the uranium

0:43:54.120 --> 0:43:56.879
<v Speaker 21>in rich uranium for the eleven atom bombs that they

0:43:56.880 --> 0:44:01.600
<v Speaker 21>wanted to build is entombed in the plant in Ishafar

0:44:02.160 --> 0:44:05.400
<v Speaker 21>now with American satellites. President Trump and JD. Vans have

0:44:05.520 --> 0:44:08.040
<v Speaker 21>said they have an eye on it all the time.

0:44:09.480 --> 0:44:12.279
<v Speaker 21>The Iranians can try and get it out, but I

0:44:12.320 --> 0:44:15.799
<v Speaker 21>think in the meantime they go back to negotiations after

0:44:15.800 --> 0:44:19.279
<v Speaker 21>the midterms, but I think Trump and even Dvance is

0:44:19.280 --> 0:44:20.920
<v Speaker 21>going to return to them with a heavy hand.

0:44:22.239 --> 0:44:26.560
<v Speaker 2>Kosha, Israel's defense minister, have said that Israeli forces they're

0:44:26.560 --> 0:44:30.000
<v Speaker 2>going to remain in Lebanon, Syria and Gaza. Can you

0:44:30.040 --> 0:44:34.640
<v Speaker 2>see this stance impacting any peace talks between those nations.

0:44:37.440 --> 0:44:39.480
<v Speaker 11>It's hard to see how it wouldn't. We do know

0:44:39.600 --> 0:44:42.520
<v Speaker 11>that that has been a sticking point before it becomes

0:44:42.520 --> 0:44:45.360
<v Speaker 11>sort of a cudgel, if you will, that is handed

0:44:45.400 --> 0:44:47.759
<v Speaker 11>to Tearan that they can take and try to beat

0:44:47.880 --> 0:44:50.520
<v Speaker 11>over the heads of the US negotiators because they know

0:44:50.640 --> 0:44:53.839
<v Speaker 11>that this is an issue. Certainly domestically it has become

0:44:53.880 --> 0:44:55.640
<v Speaker 11>a little bit of a dividing line, and they can

0:44:56.000 --> 0:44:59.279
<v Speaker 11>deaving Tehran can exploit that to their advantage because it

0:44:59.360 --> 0:45:02.840
<v Speaker 11>is a hot topic right now domestically, and also you know,

0:45:02.880 --> 0:45:05.239
<v Speaker 11>they do keep saying that that has to be in scope.

0:45:05.400 --> 0:45:07.759
<v Speaker 11>They want the US to quote get control of their

0:45:07.840 --> 0:45:11.000
<v Speaker 11>junior partner unquote. They've used language like that. So that

0:45:11.040 --> 0:45:14.880
<v Speaker 11>will continue. However, if the presence sort of remains within

0:45:14.920 --> 0:45:20.160
<v Speaker 11>that construct and broadly constrained to the mission that Israel

0:45:20.280 --> 0:45:23.919
<v Speaker 11>is after and doesn't escalate into something far more having

0:45:23.960 --> 0:45:26.400
<v Speaker 11>too many more ripple effects outside of that, hopefully it

0:45:26.440 --> 0:45:29.200
<v Speaker 11>will be managed. But it certainly is another complication in

0:45:29.200 --> 0:45:31.840
<v Speaker 11>this region because it is not just about the straight

0:45:31.920 --> 0:45:34.440
<v Speaker 11>or around. It is about the broader region, and the

0:45:34.480 --> 0:45:37.800
<v Speaker 11>more pieces moving pieces you have, the more complicates the picture.

0:45:38.719 --> 0:45:40.720
<v Speaker 2>Michael, I want to go to the US now, where

0:45:40.760 --> 0:45:44.400
<v Speaker 2>the string of socialist victories continues. This time it was

0:45:44.440 --> 0:45:48.600
<v Speaker 2>in Colorado for the first district House primary, and it

0:45:48.640 --> 0:45:52.120
<v Speaker 2>was a socialist Democrat that bit a long time Democrat

0:45:52.120 --> 0:45:54.399
<v Speaker 2>in Diana de Getty. And I just wanted to know

0:45:54.880 --> 0:45:57.920
<v Speaker 2>what do you think the state of the Democrat parties

0:45:58.000 --> 0:46:01.160
<v Speaker 2>right now where there seems to be this real between

0:46:01.320 --> 0:46:03.520
<v Speaker 2>the traditional Democrats and the socialists.

0:46:04.800 --> 0:46:07.680
<v Speaker 21>First, just Jamie quickly. There was also a peace treated

0:46:07.760 --> 0:46:12.359
<v Speaker 21>negotiated between and cswire between Lebanon and Israelis last week too,

0:46:12.400 --> 0:46:19.480
<v Speaker 21>which is a seriously good influence on the prospects there. Communists, Jamie,

0:46:19.520 --> 0:46:22.680
<v Speaker 21>when they can't win in their own right, sometimes choose

0:46:22.719 --> 0:46:26.120
<v Speaker 21>a policy what's called entryism, which means they enter the

0:46:26.120 --> 0:46:30.360
<v Speaker 21>host of a larger political party. Imagine that horrifying film

0:46:30.520 --> 0:46:35.560
<v Speaker 21>The Alien cast into political metaphor. So this is what's happening.

0:46:35.600 --> 0:46:38.680
<v Speaker 21>They are a small group of extremists who are trying

0:46:38.719 --> 0:46:41.520
<v Speaker 21>to take over the Democratic Party, and the fact that

0:46:41.520 --> 0:46:44.959
<v Speaker 21>they've got such weak leaders as Chuck Schumer and others

0:46:45.000 --> 0:46:48.480
<v Speaker 21>who haven't resisted them to date, this will become a

0:46:48.480 --> 0:46:52.439
<v Speaker 21>bigger and bigger price, particularly if the Republicans can turn

0:46:52.480 --> 0:46:57.360
<v Speaker 21>this into a national poll where people in the Midwest

0:46:57.440 --> 0:47:01.160
<v Speaker 21>and all around the country vote in the midterms on

0:47:01.400 --> 0:47:05.480
<v Speaker 21>these extremist politics and that will only help Trump and.

0:47:05.440 --> 0:47:09.080
<v Speaker 2>The Republicans and Kosha just quickly before I'll let you

0:47:09.120 --> 0:47:12.440
<v Speaker 2>both go. Russia has long been an energy superpower, but

0:47:12.480 --> 0:47:15.680
<v Speaker 2>they're now facing fuel shortages, with reports they might need

0:47:15.680 --> 0:47:19.040
<v Speaker 2>to start importing fuel. How significant is this development, but

0:47:19.080 --> 0:47:21.640
<v Speaker 2>more so, what does this mean for Putin's grip on power?

0:47:24.440 --> 0:47:27.080
<v Speaker 11>I think you'll optically, it was certainly a setback for

0:47:27.120 --> 0:47:29.680
<v Speaker 11>him because the Ukrainians did make a dent. They've been

0:47:29.680 --> 0:47:31.719
<v Speaker 11>trying to strike the old refineries for the better part

0:47:31.760 --> 0:47:33.600
<v Speaker 11>of the last three years, and this one certainly went

0:47:33.680 --> 0:47:36.840
<v Speaker 11>deeper and Russia wasn't able to repair it very quickly,

0:47:36.920 --> 0:47:39.040
<v Speaker 11>so he has had to for the first time admit

0:47:39.080 --> 0:47:42.680
<v Speaker 11>it publicly. Domestically, people are getting a little bit nervous,

0:47:42.719 --> 0:47:44.680
<v Speaker 11>but I think by and large, this war remains a

0:47:44.680 --> 0:47:47.560
<v Speaker 11>war of attrition. Russia is in it for the long haul,

0:47:47.760 --> 0:47:50.480
<v Speaker 11>and I don't think it'll change the trajectory. This one

0:47:50.520 --> 0:47:53.799
<v Speaker 11>event significantly of this drawn out, protracted war, but it

0:47:53.880 --> 0:47:56.319
<v Speaker 11>has set him back certainly in the current news.

0:47:56.239 --> 0:48:00.000
<v Speaker 2>Cycle, Michael, what do you make of those developments?

0:48:00.160 --> 0:48:02.440
<v Speaker 5>And just recently said that they were struggling.

0:48:03.560 --> 0:48:09.359
<v Speaker 21>I think Russia may collapse overnight. Fort of Russian oil

0:48:09.440 --> 0:48:13.320
<v Speaker 21>refineries and chemical plants have been taken out by Ukrainian drones.

0:48:13.760 --> 0:48:17.160
<v Speaker 21>Ukrainians have the most advanced military technology in the world,

0:48:17.480 --> 0:48:21.200
<v Speaker 21>which Australia should learn from, which the Arab Gulf countries

0:48:21.239 --> 0:48:26.520
<v Speaker 21>obviously needed during this current conflict, and the Ukrainians have

0:48:26.600 --> 0:48:30.240
<v Speaker 21>the strongest army in Europe. Those poor people have endured

0:48:30.400 --> 0:48:34.000
<v Speaker 21>so much with all their civilian sites being hit for

0:48:34.160 --> 0:48:34.960
<v Speaker 21>five years.

0:48:35.560 --> 0:48:36.880
<v Speaker 5>Jamie, they certainly have.

0:48:37.239 --> 0:48:40.319
<v Speaker 2>Michael, and I do appreciate all of your insights and

0:48:40.400 --> 0:48:43.840
<v Speaker 2>koshergata as well. It is now time for the Bolt Report.

0:48:43.880 --> 0:48:45.440
<v Speaker 2>I'll be back Sunday at seven o'clock