WEBVTT - Paul Murray Live | 29 July 0:00:00.240 --> 0:00:05.200 From the Skying in Center. This is Paul Murray live. 0:00:06.760 --> 0:00:06.920 Now. 0:00:06.960 --> 0:00:09.040 Any parent who's had the chance to be able to 0:00:09.080 --> 0:00:11.399 see their kids get married, you know the pride that 0:00:11.640 --> 0:00:14.280 has inside you. I now understand why my mother was 0:00:14.600 --> 0:00:16.160 a little upset when I decided to go off on 0:00:16.160 --> 0:00:17.880 a lope on the other side of the world. Well, 0:00:19.239 --> 0:00:21.919 two of our favorite people, especially a young lady by 0:00:21.960 --> 0:00:23.680 the name of Madison Thorne, who has been the EP 0:00:23.800 --> 0:00:27.760 of this program for a long time. She got married 0:00:27.800 --> 0:00:29.880 on the weekend and my little girls were her flower girls. 0:00:30.440 --> 0:00:33.640 The pride, the tears that I had when they're just 0:00:33.680 --> 0:00:38.800 the flower girls. Wait till forty years time, right, forty 0:00:38.880 --> 0:00:41.879 years time, when they it's their moment. But it was beautiful. 0:00:41.880 --> 0:00:45.440 Congrats Nomadic Congrats Toadom and al Jason photos a little 0:00:45.520 --> 0:00:47.120 later in the week now tonight. Lots to get to, 0:00:47.240 --> 0:00:49.720 including yes, the shuffling of the deck chairs on the Titanic. 0:00:50.000 --> 0:00:53.640 The people who will not fail this time despite the 0:00:53.680 --> 0:00:56.040 fact that they failed last time. I'll show you the data. 0:00:56.080 --> 0:00:59.160 White Trump is still winning the presidential race, despite the hype, 0:00:59.160 --> 0:01:02.000 despite the money, and speaking of what about the bloke 0:01:02.000 --> 0:01:06.039 who's spent like more than one hundred thousand dollars buying 0:01:06.280 --> 0:01:09.319 Princess Leia's bikini. It's been a while since it was 0:01:09.319 --> 0:01:12.400 worn nineteen eighty three, but still he's decided to purchase 0:01:12.440 --> 0:01:14.600 it for a lot of money. A little bit creepy, 0:01:14.880 --> 0:01:19.399 but I know it's winter, but it's really freezing at 0:01:19.440 --> 0:01:21.399 the moment, isn't it. I don't know about you, but 0:01:21.480 --> 0:01:22.920 as you've seen sort of, you know, most of us 0:01:22.959 --> 0:01:25.120 are walking around with slightly sore throats or feel it 0:01:25.200 --> 0:01:27.039 just like that extra jumper all the rest of it. 0:01:27.280 --> 0:01:29.480 And it doesn't matter, like when I was in Queensland 0:01:29.800 --> 0:01:33.479 not that long ago, freezing Victoria of course as always cold, 0:01:34.000 --> 0:01:36.600 you know, tazzy, you name it cold everywhere, right, So 0:01:36.680 --> 0:01:39.520 we learned today that there is an eastern frigid cold snap. 0:01:39.720 --> 0:01:42.560 It's going to make things even worse for places like Brisbane, 0:01:43.160 --> 0:01:45.960 where the expectation is that their ten year weather records 0:01:45.959 --> 0:01:49.200 and temperatures are going to go Canber as always this 0:01:49.280 --> 0:01:53.320 timing year, but more and longer periods of time under freezing. 0:01:53.920 --> 0:01:55.640 Of course, we have a weather channel here, so it's 0:01:55.640 --> 0:01:58.639 helpful to find out why is it so cold this winter? 0:02:00.160 --> 0:02:03.880 Yesterday the apparent temperature stayed below seven degrees all day 0:02:03.920 --> 0:02:05.960 in Sydney, and it looks like a similar thing today 0:02:06.120 --> 0:02:09.680 if you factor in these cold west to southwesterly winds 0:02:09.720 --> 0:02:11.720 thanks to a low pressure cell that's just off the 0:02:11.720 --> 0:02:14.040 New South Wales coastline at the moment. 0:02:15.160 --> 0:02:17.760 But poor Kenny, Kenny, heatly go outside and prove that 0:02:17.800 --> 0:02:20.720 it's cold. Poor bugger doing the reporting again. When does 0:02:20.760 --> 0:02:23.120 this get better? Tuesday? 0:02:23.160 --> 0:02:26.240 Wednesday, Thursday look okay, still a little bit blustery and 0:02:26.280 --> 0:02:29.120 cool in Sydney, but not as bad as what we're 0:02:29.120 --> 0:02:31.920 seeing yesterday and today in this weekend a bit cloudy, 0:02:31.960 --> 0:02:34.160 so the cloud trapping at a bit of heat at night, 0:02:34.360 --> 0:02:37.960 keeping those minimum temperatures higher and daytime temperatures up into 0:02:38.000 --> 0:02:38.760 the high scenes. 0:02:39.680 --> 0:02:41.160 Why start with the weather when we can all look 0:02:41.160 --> 0:02:42.960 outside and me we'll know it's cold. Because it's also 0:02:43.120 --> 0:02:47.000 a reminder, whatever heater that you have, make sure that 0:02:48.080 --> 0:02:50.280 there are blankets that are as far away from them 0:02:50.320 --> 0:02:51.959 as possible. If you've got one of those old school 0:02:51.960 --> 0:02:54.320 bar heaters, you probably should replace it by now. But 0:02:54.360 --> 0:02:57.119 if you've got one of them, please please please make 0:02:57.200 --> 0:02:59.880 sure that there is nothing If you fell asleep in 0:02:59.880 --> 0:03:03.240 the chair watching Telly, or if you've got it close 0:03:03.280 --> 0:03:05.400 to the bed, Please make sure nothing is in contact 0:03:05.440 --> 0:03:08.040 with the heater. On normal years where there's not huge 0:03:08.080 --> 0:03:10.600 spikes in the number of lives that are lost during bushfires, 0:03:10.840 --> 0:03:12.840 there are more people who lose their lives and their 0:03:12.880 --> 0:03:15.640 homes during these winter periods of time. So I love you, 0:03:15.800 --> 0:03:17.640 I need you to be around, Your family needs you 0:03:17.639 --> 0:03:20.000 to be around. So please be safe with the heaters 0:03:20.000 --> 0:03:23.040 that are around you because it is very cold. 0:03:25.040 --> 0:03:25.160 Now. 0:03:25.200 --> 0:03:28.920 Of course, today the major focus was the new version 0:03:29.000 --> 0:03:32.440 of the greatest government of all time, the reshuffle, because 0:03:32.520 --> 0:03:36.000 two people decided to hang up their boots. But there's 0:03:36.000 --> 0:03:38.960 more than two changes that, of course were made, and 0:03:39.000 --> 0:03:42.440 we know that the actual story here was that Andrew 0:03:42.520 --> 0:03:45.440 Giles and Clara O'Neil, because of their hopeless handling of 0:03:45.440 --> 0:03:49.560 the immigration and National security portfolios that are home affairs, 0:03:50.080 --> 0:03:53.040 of course, have all been booted, and rightly so now 0:03:53.160 --> 0:03:56.160 we know why. But it is kind of amazing when 0:03:56.160 --> 0:04:00.160 you watch the six PM news or wider political coverage 0:04:00.320 --> 0:04:04.760 that no one really talks about the reason for the 0:04:04.800 --> 0:04:07.200 moves that have been made. They get to it eventually, 0:04:08.160 --> 0:04:11.400 but of course it's the poles now, the polls right 0:04:11.440 --> 0:04:14.920 now show that in the six months between now and 0:04:15.080 --> 0:04:20.520 the most likely next election, the government is behind. Now yes, 0:04:20.520 --> 0:04:22.520 because of the teals, we don't know what the results 0:04:22.520 --> 0:04:26.359 going to be, but the almost inevitability of the minority 0:04:26.400 --> 0:04:30.760 government scenario for labor and deeper minority means more Greens 0:04:30.800 --> 0:04:32.920 and more crazy is being in charge of things. But 0:04:33.160 --> 0:04:36.360 poll after Pole News poll has got it. In a 0:04:36.400 --> 0:04:39.400 scenario where the coalition's vote is strengthening. Are the polls 0:04:39.480 --> 0:04:42.400 that one in the Financial Review shows the coalition overtaking 0:04:43.080 --> 0:04:46.320 the popular vote numbers now fifty one to forty nine 0:04:46.600 --> 0:04:50.479 for them over in the Resolve poll. Peter Dutton is 0:04:50.560 --> 0:04:54.279 edging your head. Why because voters are consistently moving against 0:04:54.360 --> 0:04:56.200 this government when it comes to the handling of the economy, 0:04:56.240 --> 0:04:59.440 and it is the only issue, of course, with daylight second, 0:04:59.480 --> 0:05:01.279 but so little chat about it because of course the 0:05:01.279 --> 0:05:04.200 PM was out there selling his wares and geez, how 0:05:04.240 --> 0:05:08.000 brave of him to rearrange his troops, while the rest 0:05:08.040 --> 0:05:11.120 of the countries is understandably just enjoying the relief that 0:05:11.200 --> 0:05:13.080 he is watching the Olympics for a couple of weeks. 0:05:13.960 --> 0:05:15.400 And I get it, and I thank you for watching 0:05:15.440 --> 0:05:17.279 us live and certainly listening to us at skynews dot 0:05:17.320 --> 0:05:19.120 com are you podcast and all the rest of it here, 0:05:19.279 --> 0:05:21.680 and you are the hardcorese You are the people who 0:05:21.880 --> 0:05:24.120 have been so loyal to me, to this station for 0:05:24.240 --> 0:05:26.680 year in, year out, and we've forever thankful. But we 0:05:26.760 --> 0:05:28.840 know there are millions of people that are just you know, 0:05:28.880 --> 0:05:32.200 watching diving for the only time they do every four years. 0:05:32.960 --> 0:05:35.960 The Prime Minister uses the cover of that distraction to 0:05:36.640 --> 0:05:39.160 well make the changes that he needed to make because 0:05:39.160 --> 0:05:43.039 of the underperforming ministers. But the Prime Minister had the 0:05:43.080 --> 0:05:46.239 stones today to again tell us that up is down 0:05:46.360 --> 0:05:48.440 and black is white and what is before your very 0:05:48.480 --> 0:05:51.560 own eyes is a cheap fake like the Biden administration 0:05:51.680 --> 0:05:54.720 used to say about Joe Biden falling up the stairs. 0:05:55.720 --> 0:05:59.160 He claims that these major and significant changes, particularly this 0:05:59.279 --> 0:06:04.080 significants in and around home affairs. I no changes whatsoever. 0:06:04.120 --> 0:06:08.520 It's all steady as she goes, it's all continuity. It's 0:06:08.560 --> 0:06:12.039 all the greatest and most stable government since the best 0:06:12.040 --> 0:06:16.000 of the Howard years. Of course this isn't true, but 0:06:16.000 --> 0:06:17.920 that doesn't mean the Prime Minister won't say it. 0:06:19.560 --> 0:06:23.080 And that is something that my government has brought stability 0:06:23.120 --> 0:06:27.880 as I've said today we have the first reshuffle after 0:06:28.000 --> 0:06:31.360 more than two years and two months. That compares with 0:06:31.880 --> 0:06:36.000 four reshuffles under Peter Dutton. You've had dysfunction. On the 0:06:36.040 --> 0:06:41.359 other side, what you've had with this Labor government is stability, order, 0:06:41.880 --> 0:06:43.919 consistency going forward. 0:06:44.839 --> 0:06:49.359 Not to mention belligerence. Of course, the ministers who were 0:06:49.400 --> 0:06:51.960 there in immigration and in Home Affairs should have been 0:06:52.000 --> 0:06:54.640 sacked instead they're all moved around under the cover of 0:06:54.680 --> 0:07:00.000 the Olympics. One of the mean girls in Senator Gallay 0:07:00.120 --> 0:07:02.880 her she should have been sacked after being caught lying 0:07:03.480 --> 0:07:05.200 to the Senate about what she knew, and she didn't 0:07:05.240 --> 0:07:09.640 know about all of the matters to do with behaviors 0:07:09.680 --> 0:07:13.000 in and around Parliament House back in twenty nineteen. But 0:07:13.080 --> 0:07:15.840 the belligerence of this government is just never had been 0:07:15.880 --> 0:07:17.480 a mistake. Because if you've never had been a mistake, 0:07:17.480 --> 0:07:19.920 then you get to turn around and say how stable 0:07:19.960 --> 0:07:23.160 are we now. You didn't say how effective they were, 0:07:23.480 --> 0:07:25.160 he didn't say how good they were, He didn't say 0:07:25.160 --> 0:07:27.560 what they had achieved. It just was all about stability. 0:07:27.640 --> 0:07:29.360 It's the same logic that says when it comes to 0:07:29.400 --> 0:07:33.360 our economy. Sure, for five quarters in a row, which 0:07:33.400 --> 0:07:36.120 is a year and three months. We have been in 0:07:36.160 --> 0:07:41.360 a per capita recession. You are suffering. Yet because the 0:07:41.520 --> 0:07:44.960 government gets more money than they were planning out of 0:07:45.000 --> 0:07:48.800 things like growing bracket creep or maybe turning around an 0:07:48.840 --> 0:07:52.200 extra resources, they get to say that they're fantastic economic managers. 0:07:52.200 --> 0:07:55.120 Because there's a budget surplus. You're supposed to believe that 0:07:55.160 --> 0:07:57.040 despite the fact that you were going backwards. It had 0:07:57.040 --> 0:07:59.960 been going back every day since this bloke became Prime minister, 0:08:00.280 --> 0:08:04.280 with twelve interest rate rises thirteenth on the way. Oh, 0:08:04.320 --> 0:08:07.200 but they've got a suplus, which means that they know 0:08:07.240 --> 0:08:10.360 what they're doing. The two little too late tax cuts were, 0:08:10.360 --> 0:08:13.240 of course, billions of dollars wasted on a political slogan. 0:08:13.760 --> 0:08:15.880 The idea that they're paying the power bills of the 0:08:15.880 --> 0:08:18.640 mansions of this country at the same time as it's 0:08:18.680 --> 0:08:21.280 the exact same amount as the one bedroom unit tells 0:08:21.320 --> 0:08:25.480 you everything. It's all about politics, and amazingly, the people 0:08:25.560 --> 0:08:29.920 who know that the government is statistically in trouble right now. 0:08:30.760 --> 0:08:33.440 It has had plenty of problems. It has failed to 0:08:33.440 --> 0:08:37.040 deliver on its central promise on things like cost of 0:08:37.080 --> 0:08:40.760 living and interest rates are this close to going up 0:08:40.760 --> 0:08:44.760 again because inflation is not under control yet. Haven't listen 0:08:44.800 --> 0:08:46.800 to how most of them spoke today. They spoke as 0:08:46.840 --> 0:08:49.360 if they were taking it from the perspective of the 0:08:49.360 --> 0:08:53.760 Prime minister. Now, occasionally some people might agree because this 0:08:53.840 --> 0:08:56.800 is their preferred side of politics. But the reason they 0:08:56.880 --> 0:09:00.920 reshuffled the government is because they are behind in the 0:09:01.000 --> 0:09:05.920 polls and they are failing to meet their promise. But 0:09:06.000 --> 0:09:08.120 this stuff could have been written by Albo himself. 0:09:09.600 --> 0:09:11.000 Well, no one is being dropped. 0:09:11.280 --> 0:09:14.839 Both Immigration Minister Andrew Giles and Home Affairs Minister Claire 0:09:14.880 --> 0:09:19.280 O'Neill are widely expected to be shifted. This reshuffle marks 0:09:19.280 --> 0:09:22.360 a refresh for labor. I am stressed it had nothing 0:09:22.400 --> 0:09:24.520 to do with their handling off the release of more 0:09:24.559 --> 0:09:26.920 than one hundred and fifty immigration detainees. 0:09:27.040 --> 0:09:29.000 Reshuffles are an opportunity for renewal. 0:09:29.280 --> 0:09:34.360 They're an opportunity for refresh Prone to using football analogies, 0:09:34.440 --> 0:09:36.480 so here's one for him. 0:09:37.000 --> 0:09:39.920 You don't win Grand finals by having some of your 0:09:39.960 --> 0:09:41.840 best players sitting on the bench. 0:09:43.240 --> 0:09:45.800 Whatever, Nasi Niki Sava of course. So for Bilde, I 0:09:45.920 --> 0:09:47.480 see her comments back when she was selling a book 0:09:47.480 --> 0:09:50.080 around twenty and Tine twenty ten. But of course we 0:09:50.200 --> 0:09:51.640 know that she's going to be part of this group 0:09:51.640 --> 0:09:53.200 of people that just think it's all about Dutton. And 0:09:53.200 --> 0:09:55.520 I'll get to that in a second. But do you 0:09:55.559 --> 0:09:59.840 not find it amazing that all of the people who 0:09:59.840 --> 0:10:02.280 are paid to talk about politics for a living, who 0:10:02.480 --> 0:10:05.920 clearly preferred this government because this government was a refresh 0:10:05.920 --> 0:10:08.359 which means they've all started to have their new relationships 0:10:08.920 --> 0:10:10.600 and so often, and it doesn't matter, by the way, 0:10:10.600 --> 0:10:14.000 whether we're talking about generally speaking, business journalism, entertainment journalism, 0:10:14.040 --> 0:10:18.440 sports journalism, or in this case, political journalism, access to 0:10:18.520 --> 0:10:21.880 the people in power is vitally important. Why because quite 0:10:21.920 --> 0:10:26.680 often the media demands fresh, new, exclusive stories, and very 0:10:26.760 --> 0:10:30.160 rarely those stories are critical of the government. Instead their 0:10:30.200 --> 0:10:33.320 little bits of information from the government, or you're able 0:10:33.360 --> 0:10:35.240 to show look how powerful I am because I can 0:10:35.240 --> 0:10:36.880 pick up the phone and get a minister to turn 0:10:36.920 --> 0:10:40.280 up and talk to me, Which is why you get 0:10:40.280 --> 0:10:44.120 this scenario where rather than just being critical of a 0:10:44.160 --> 0:10:47.960 government that is on one knee, that is behind in 0:10:48.080 --> 0:10:52.679 multiple poles, that has failed on multiple fronts, they don't 0:10:52.679 --> 0:10:56.199 say it, Oh, it's all just a refresher, rebrand shot 0:10:56.240 --> 0:11:02.520 in the arm, no admission of any problems whatsoever. And 0:11:02.559 --> 0:11:05.880 also an example about like anything right and again I 0:11:05.960 --> 0:11:08.640 talk about politics. Our obsession is politics. But it's the 0:11:08.679 --> 0:11:11.680 same when a whole bunch of new people are brought 0:11:11.720 --> 0:11:13.760 in to talk about business, or a whole bunch of 0:11:13.840 --> 0:11:15.720 new people cover the courts, or a whole bunch of 0:11:15.920 --> 0:11:19.320 new people cover the entertainment industry. Is that when people 0:11:19.320 --> 0:11:22.800 who haven't been around for long enough, well, they don't 0:11:22.880 --> 0:11:26.520 remember the failures of the past, which in part would 0:11:26.520 --> 0:11:32.000 be perhaps the reason why there is so little response 0:11:32.240 --> 0:11:37.520 to Tony Burke being made the Home Affairs and Immigration Minister. Now, 0:11:38.120 --> 0:11:41.440 this is a bloke who was an immigration minister in 0:11:41.480 --> 0:11:47.040 the failed former Labor government. His performance as the migration 0:11:47.200 --> 0:11:49.960 minister back then was highlighted by the Liberal Party today 0:11:49.960 --> 0:11:53.880 on social media where six thousand, six and a half 0:11:54.040 --> 0:11:57.720 thousand illegal arrivals came in and eighty three boats. Those 0:11:57.760 --> 0:12:00.440 boats were not turned back. They ended up coming to 0:12:00.520 --> 0:12:06.040 the mainland, they ended up going into detention and after 0:12:06.040 --> 0:12:08.920 they went through a process they probably got released along 0:12:08.920 --> 0:12:11.800 with thousands of others by this government under temporary protection VISUS. 0:12:11.960 --> 0:12:16.200 Can someone somewhere please explain to me how the solution 0:12:16.360 --> 0:12:18.760 to the Home Affairs problem is to put back in 0:12:19.000 --> 0:12:24.080 charge of the blood bank the dracula who had already 0:12:24.160 --> 0:12:29.280 had his fangs into it. I don't understand now. Again, 0:12:29.600 --> 0:12:32.760 there are many people around in politics who have not 0:12:32.840 --> 0:12:34.920 been here for a New York minute, who have seen 0:12:35.400 --> 0:12:38.240 these things come and go. But where was this point 0:12:38.280 --> 0:12:43.560 being made? Again? Think about any underperforming minister from any 0:12:43.600 --> 0:12:46.439 government that you can think of, right team, read team blue, 0:12:46.559 --> 0:12:52.320 good guy, bad guy, men, women, whatever, senators, MPs. The 0:12:52.440 --> 0:12:56.679 idea that somebody who had failed in a portfolio then 0:12:56.720 --> 0:13:00.760 labor had lost government, Labour comes back to government and 0:13:00.800 --> 0:13:05.760 the same person who had failed once before gets another 0:13:05.800 --> 0:13:10.320 crack at it. Thankfully Andrew Hasty was not in the Parliament, 0:13:11.320 --> 0:13:14.880 but certainly remembers that this blow not all he's cracked 0:13:14.920 --> 0:13:15.240 up to me. 0:13:16.679 --> 0:13:20.360 This isn't about the national security or strengthening our border. 0:13:20.400 --> 0:13:22.680 In fact, Tony Burke when he was last Immigration Minister, 0:13:23.120 --> 0:13:25.240 let in about eighty three votes and more than six 0:13:25.280 --> 0:13:28.000 and a half thousand illegal arrivals, so he's not tough 0:13:28.040 --> 0:13:31.160 on boarders. This is about empowering Tony Burke, who is 0:13:31.240 --> 0:13:35.080 under immense pressure electorally. We know that there is a 0:13:35.160 --> 0:13:40.080 very strong Muslim vote in Western Sydney. They're very energized 0:13:40.160 --> 0:13:43.280 around the gaza issue and Tony Burke's under pressure and 0:13:43.320 --> 0:13:46.000 so this is about giving him a portfolio that has 0:13:46.320 --> 0:13:49.200 cachet with the migrant community and empowering him so that 0:13:49.240 --> 0:13:50.640 he can hold this seat. 0:13:51.559 --> 0:13:54.440 One hundred percent. Now, it's fine for the opposition to 0:13:54.440 --> 0:13:56.640 make that point, but do we have to wait till 0:13:57.240 --> 0:13:59.000 that time of the day for the people who have 0:13:59.040 --> 0:14:01.400 paid to talk about politics to make up to make 0:14:01.480 --> 0:14:06.679 up to make that point. Meantime, in the real world, now, 0:14:06.720 --> 0:14:09.760 it doesn't matter whether you are sitting in your dream 0:14:09.800 --> 0:14:14.840 home on a farm, you've got your favorite dogs around you, 0:14:14.840 --> 0:14:16.720 you've got your feet up and you're nice and warm, 0:14:16.800 --> 0:14:21.000 or whether you're in a suburb in a house that 0:14:21.160 --> 0:14:22.920 is not your dream house, but it's good enough for 0:14:22.960 --> 0:14:24.880 you because you love it very much. So we are 0:14:25.000 --> 0:14:29.040 frightened about interest rates right now. Now Australians are very 0:14:29.120 --> 0:14:30.760 worried about what is going to happen in the next 0:14:30.800 --> 0:14:34.080 little while. When it comes to the reserve back Inflation 0:14:34.400 --> 0:14:37.120 is sitting at a stage where it is starting to 0:14:37.120 --> 0:14:38.920 go back up. If it keeps going up, they are 0:14:38.920 --> 0:14:41.240 going to put up interest rates. All of that is 0:14:41.280 --> 0:14:46.080 going to, of course be a huge problem. Now again, 0:14:46.200 --> 0:14:47.880 if the reason why we had to have all of 0:14:47.880 --> 0:14:50.480 the changes in and around the ministry was because obviously 0:14:50.520 --> 0:14:55.440 some people were underperforming, obviously others were breaking promises, well 0:14:56.520 --> 0:15:01.320 what about the scenario in and around the economy. Now, 0:15:01.360 --> 0:15:03.480 of course it would be madness to suggest that this 0:15:03.520 --> 0:15:05.760 Prime Minister would make anything as serious as an omission 0:15:05.760 --> 0:15:09.800 that they're not managing the economy. Well, but Jim Charmers 0:15:09.840 --> 0:15:11.760 is out and about trying to tell you that everything's 0:15:11.800 --> 0:15:14.760 okay when it comes to inflation, despite the fact that 0:15:15.040 --> 0:15:17.080 he and the Reserve Bank agreed it needs to be 0:15:17.080 --> 0:15:20.240 between two and three percent last month or sorry, I 0:15:20.240 --> 0:15:22.320 should say, in May. We'll get our numbers for June shortly. 0:15:22.640 --> 0:15:25.720 Last month in May it was four percent and it 0:15:25.840 --> 0:15:29.320 started to go back up. Yet he's out there telling everyone, 0:15:29.360 --> 0:15:32.400 don't worry, we're on top of inflation. The same budget 0:15:32.440 --> 0:15:36.040 that pumped billions of dollars in a slow, trickled fashion, 0:15:36.080 --> 0:15:38.480 but still billions of dollars back into the economy for 0:15:38.520 --> 0:15:41.400 people to spend, which wasn't going to affect you inflation. Still, 0:15:41.440 --> 0:15:44.600 trust me, because inflation, despite the fact that the evidence 0:15:44.640 --> 0:15:46.600 is it's going in the wrong direction. He just thinks 0:15:46.600 --> 0:15:48.920 he can magically will it in the opposite direction. 0:15:50.160 --> 0:15:54.200 So I'm confident that even though the inflation number that 0:15:54.240 --> 0:15:57.320 we expect to see on Wednesday, we expect inflation to 0:15:57.400 --> 0:15:59.960 have been persistent in our economy and the Dune court. 0:16:01.160 --> 0:16:04.040 But we are still confident that inflation and will continue 0:16:04.080 --> 0:16:05.160 to moderate after that. 0:16:06.440 --> 0:16:09.320 So is this him preparing us for it's going to 0:16:09.360 --> 0:16:09.920 go up again? 0:16:10.200 --> 0:16:10.280 Now? 0:16:10.320 --> 0:16:14.280 Of course, if it goes up again, then the Reserve 0:16:14.320 --> 0:16:16.240 Bank is most likely going to do the only thing 0:16:16.240 --> 0:16:18.640 it can, which is to jump into another interest rate rise. 0:16:19.040 --> 0:16:22.040 And I think the thirteenth interest rate rise on this 0:16:22.120 --> 0:16:24.280 government's watch is going to be a political killer, but 0:16:24.320 --> 0:16:27.840 more importantly, it's going to be a financial killer for 0:16:28.080 --> 0:16:30.320 hundreds of thousands of people. We learned last week it's 0:16:30.320 --> 0:16:32.920 about eight hundred thousand people that will move into mortgage stress, 0:16:33.120 --> 0:16:36.640 on top of the minions more who were already there 0:16:36.720 --> 0:16:40.040 mortgage stress to find as people literally in the scenario 0:16:40.120 --> 0:16:44.200 where they are paying too much when it comes to 0:16:44.280 --> 0:16:46.240 being able to live somewhere and there's not enough left 0:16:46.280 --> 0:16:48.520 over to pay for the rest of their time and 0:16:48.520 --> 0:16:51.320 it's not because they want to live fancy life. It's 0:16:51.360 --> 0:16:54.720 because there have been twelve interstrate rises since this government 0:16:54.760 --> 0:16:58.200 came to power. Oh but everything's fine and we're the 0:16:58.200 --> 0:17:00.280 most consistent government of all time. And the media turn 0:17:00.320 --> 0:17:03.040 around and basically give a version of the talking points back. 0:17:05.040 --> 0:17:07.200 Maybe you will pay any attention because the Olympics are 0:17:07.200 --> 0:17:11.560 on fed income. But another bit of data about how 0:17:11.600 --> 0:17:14.400 tough times are right now, and it is all directly 0:17:14.440 --> 0:17:17.680 linked to another problem that apparently this government was absolutely 0:17:17.720 --> 0:17:20.360 going to solve, well certainly dramatically solved, to the tune 0:17:20.359 --> 0:17:23.520 of two hundred and seventy five dollars by next year, 0:17:23.560 --> 0:17:27.120 and that is power prices. Now. As crippling as power 0:17:27.160 --> 0:17:32.400 prices are for every family in the country, they are 0:17:33.640 --> 0:17:39.520 crippling for business. Think about this about your local chicken shop, 0:17:39.560 --> 0:17:41.320 real est, that agent, whatever it is, If they've got 0:17:41.359 --> 0:17:44.080 the lights on, they're sucking in power. The bills that 0:17:44.119 --> 0:17:46.760 they have to pay are not you know, a few 0:17:46.840 --> 0:17:48.840 hundred or maybe a thousand dollars a quarter, they are 0:17:49.200 --> 0:17:54.840 thousands of dollars. That's an awful lot of dumplings and 0:17:54.840 --> 0:17:56.720 somosas that you have to sell to be able to 0:17:56.800 --> 0:17:59.240 keep your head above water or obviously that was bread. 0:18:00.000 --> 0:18:02.560 But what about the hospitality industry. Well, we learned that 0:18:02.760 --> 0:18:04.360 the number of businesses that have just gone and could 0:18:04.400 --> 0:18:08.480 put in the past twelve months is surging compared to 0:18:08.920 --> 0:18:11.960 the previous year. This is not the responsibility of the 0:18:11.960 --> 0:18:15.440 former government, but the data about this government. The Australian 0:18:15.440 --> 0:18:21.000 hospitality and retail industries fail at record numbers in twenty 0:18:21.160 --> 0:18:24.639 twenty four. Why because cost of living and the cost 0:18:24.680 --> 0:18:28.840 of power. Hospitality business has failed at the fastest rates 0:18:28.960 --> 0:18:32.560 on record in the twenty twenty four financial year as 0:18:32.600 --> 0:18:36.120 sawing food and energy prices and a pullback and consumer 0:18:36.200 --> 0:18:42.040 spending pushed cafes and restaurants to the wall. See you 0:18:42.160 --> 0:18:45.600 know this and I know this, but there's putting people 0:18:45.640 --> 0:18:47.960 inside government who don't quite understand that there's an actual 0:18:48.000 --> 0:18:50.479 restaurant on the other end of these things. It's not 0:18:50.560 --> 0:18:54.119 just magically food is grown inside your phone and then 0:18:54.160 --> 0:18:57.600 somebody brings it to your house. Let alone, if you 0:18:57.680 --> 0:18:59.359 decide not to go back to the office, I'm going 0:18:59.400 --> 0:19:01.720 to work from home for ever, that the same business 0:19:02.080 --> 0:19:05.159 that you rely for the coffee, the sausage roll or 0:19:05.160 --> 0:19:07.000 anything else to be available. The next time you do 0:19:07.080 --> 0:19:10.040 wander into work once a month, Well, guess what when 0:19:10.119 --> 0:19:12.760 people aren't going back to work, those businesses don't have 0:19:12.840 --> 0:19:15.960 enough income. They hit the wall. The businesses that are 0:19:16.000 --> 0:19:19.400 trying to desperately hold on know that most people will 0:19:19.480 --> 0:19:21.400 end up ordering their food through some sort of app 0:19:21.440 --> 0:19:26.040 that'll take a third of the price. While the cost 0:19:26.080 --> 0:19:28.920 of insurance keeps going up, the cost of power keeps 0:19:28.960 --> 0:19:32.320 going up, the cost of wages keeps going up. But remember, 0:19:32.400 --> 0:19:35.680 as I have said to you so many times, the 0:19:35.720 --> 0:19:41.760 whole economic project of the modern left Labor Party is 0:19:41.800 --> 0:19:44.800 that they will be able to achieve a permanent electoral 0:19:44.920 --> 0:19:50.240 majority that does not require small business that is contemptuous 0:19:51.119 --> 0:19:55.240 of business that has a life outside of government. Now, 0:19:55.240 --> 0:19:57.000 sure they need you for the company tax, and they'll 0:19:57.000 --> 0:20:00.199 take that break, but remember the single biggest source of 0:20:00.240 --> 0:20:03.320 income for the federal government is not the GST, is 0:20:03.359 --> 0:20:06.080 not company tax, but is the pay as you go 0:20:07.640 --> 0:20:11.640 pay packets of each and every Australian worker. The project 0:20:11.720 --> 0:20:15.080 that we've seen play out in Victoria and in Queensland, 0:20:16.000 --> 0:20:18.479 Western Australia and other places where labor has been in 0:20:18.480 --> 0:20:21.440 power for so long is that they hire so many 0:20:21.480 --> 0:20:24.160 public servants that you are either dependent on the government 0:20:24.200 --> 0:20:28.600 because you work for the government, they increase so much 0:20:28.760 --> 0:20:31.320 welfare or handout money that they end up with a 0:20:31.359 --> 0:20:34.399 scenario where they want you to be dependent on the 0:20:34.440 --> 0:20:38.280 government to help supplement your wage, or if you are 0:20:38.280 --> 0:20:41.960 in business, they want government to be the biggest client. 0:20:42.040 --> 0:20:44.560 So therefore you will not upset the apple cart. The 0:20:44.560 --> 0:20:47.760 people who live outside of that system, small business, the 0:20:47.880 --> 0:20:50.720 very people who are hitting the wall at record numbers. 0:20:50.960 --> 0:20:54.119 But because most of the people who talk about politics 0:20:54.680 --> 0:20:59.440 are part of this over reliance and inter reliance on government, 0:21:00.280 --> 0:21:02.919 they don't pay attention to it. We'll just order from 0:21:02.960 --> 0:21:06.120 another option on the phone where that app will take 0:21:06.240 --> 0:21:09.560 up to a third of their moneies. Back to the 0:21:09.640 --> 0:21:12.919 quotes here again. After those hospitality rates and record numbers 0:21:12.960 --> 0:21:15.439 of shutdowns so far this year, the new data from 0:21:15.440 --> 0:21:18.440 the Australian Securities and Investment Commission shows that accommodation and 0:21:18.520 --> 0:21:22.359 food services insolvency appointments rose faster than any other sector 0:21:22.359 --> 0:21:25.320 in the past twelve months. The number of collapses had 0:21:25.359 --> 0:21:28.440 skyrocketed by fifty percent to sixteen hundred and sixty seven, 0:21:28.680 --> 0:21:32.560 competed to its previous high of about one thousand, the 0:21:32.640 --> 0:21:35.879