WEBVTT - Paul Murray Live | 3 December 0:00:00.160 --> 0:00:07.960 From the Skyinging Center. This is Paul Murray Live today, Wednesday, 0:00:08.080 --> 0:00:12.080 December three. Who knew that this was a day that 0:00:12.200 --> 0:00:16.200 had so much history connected to it? In fact has this? 0:00:16.640 --> 0:00:22.120 In fifteen eighty six, some bloke introduced potatoes to England 0:00:22.720 --> 0:00:27.280 from Columbia on this day. In eighteen fifty four, the 0:00:27.320 --> 0:00:32.240 soldiers opened fire on the workers of the Eureka Stockade, 0:00:32.320 --> 0:00:36.520 killing twenty two miners. On this day. In nineteen sixty eight, 0:00:37.200 --> 0:00:42.640 the King Elvis Presley delivered the most sensational performance of 0:00:42.680 --> 0:00:45.320 his career, great doco about It by the Way here 0:00:45.360 --> 0:00:48.440 on Foxtel or on Binge go searching for It Elvis 0:00:48.479 --> 0:00:51.879 in the sixty eight Comeback special aired on NBC on 0:00:51.960 --> 0:00:57.920 this day, but above all, on this day three years ago, 0:00:58.040 --> 0:01:02.360 to titans of West easton politics, two men who could 0:01:02.400 --> 0:01:07.160 see so far into the future that they not only 0:01:07.240 --> 0:01:11.600 knew the path towards eighty three percent renewable energy in 0:01:11.640 --> 0:01:14.080 this country, but they had a promise that came with it, 0:01:15.000 --> 0:01:19.360 a promise of cheaper power bills. These men were the 0:01:19.360 --> 0:01:23.880 then nopposition leader Anthony Alberizi and his brave and bold 0:01:25.319 --> 0:01:31.440 energy and climate change spokesperson Chris Bowen. These two men 0:01:31.720 --> 0:01:37.360 knew that just a couple of years earlier, Bill Shorten 0:01:37.440 --> 0:01:41.280 had been roundly defeated at an election in twenty nineteen, 0:01:41.560 --> 0:01:47.840 basically promising the same stuff, but not wrapping the package 0:01:48.160 --> 0:01:51.800 with the two hundred and seventy five dollar promise. This 0:01:52.080 --> 0:01:56.640 was a great moment in Australian politics, forever remembered by 0:01:56.680 --> 0:01:57.240 the Internet. 0:01:58.960 --> 0:02:04.360 Today announced Labour's plan to create jobs, cut power bills, 0:02:04.920 --> 0:02:10.480 burst renewables and reduce emissions. It will see electricity prices 0:02:10.639 --> 0:02:14.760 fall from the current level by two hundred and seventy 0:02:14.800 --> 0:02:20.000 five dollars for households by twenty twenty five at the 0:02:20.200 --> 0:02:24.400 end of our first term. If we're successful, get out 0:02:24.440 --> 0:02:25.519 of the way, Elvis. 0:02:25.800 --> 0:02:29.280 There's a new rock star in town. And this man 0:02:29.440 --> 0:02:32.040 was on a path to the Prime ministership, knowing that 0:02:32.080 --> 0:02:33.800 if he just put the right amount of lipstick on 0:02:33.840 --> 0:02:39.320 the pig and promise jobs that never turned up or 0:02:39.360 --> 0:02:42.800 are cut to power bills that was never achievable, it 0:02:42.840 --> 0:02:49.000 wouldn't matter because the media that cover him so lost 0:02:49.120 --> 0:02:53.080 in the luster of his star and his celebrity. Knowing 0:02:53.200 --> 0:02:56.560 that the third of December is a day that changes 0:02:56.639 --> 0:03:02.840 the world forever from potatoes to black leather or the 0:03:02.880 --> 0:03:07.720 Eureka stockade. This is a day that matters and the media, 0:03:07.880 --> 0:03:09.079 oh why they ate it up? 0:03:10.560 --> 0:03:13.960 Also promising Australian households will save two hundred and seventy 0:03:13.960 --> 0:03:16.440 five dollars a year on their power bills by twenty 0:03:16.480 --> 0:03:17.480 twenty five. 0:03:17.400 --> 0:03:20.400 Promising to cut electricity bills by two hundred and seventy 0:03:20.400 --> 0:03:23.320 five dollars a year by twenty twenty five and three 0:03:23.360 --> 0:03:26.480 hundred and seventy eight by twenty thirty. Intent on not 0:03:26.600 --> 0:03:29.720 repeating the mistakes of the last election campaign. This one 0:03:30.080 --> 0:03:33.919 full of details. Time to kick some policy goals. 0:03:34.120 --> 0:03:35.320 We're now in the fourth quarter. 0:03:35.920 --> 0:03:38.960 We wins it our back, hoping to leave Scott Morrison. 0:03:38.760 --> 0:03:42.120 Copy Elix, please turn the cut ahead, calling for help. 0:03:42.400 --> 0:03:48.400 Oh ah, I mean just get a heartbreak hotel. This 0:03:48.600 --> 0:03:52.240 was the song that Australia wanted to sing, which was 0:03:52.280 --> 0:03:55.400 the Somewhere over the Rainbow. Not quite a link to 0:03:55.480 --> 0:03:59.120 this day, but anyway that somewhere over the rainbow there 0:03:59.160 --> 0:04:02.160 was cheaper electricis, there was cleaner electricity, there was a 0:04:02.200 --> 0:04:07.400 new future that meant we could change the weather. Because 0:04:07.400 --> 0:04:09.800 Australia is one percent of global emissions and if we 0:04:09.960 --> 0:04:13.240 cut forty three percent of one percent, then suddenly there'll 0:04:13.240 --> 0:04:17.359 never be another bushfire. The promise will be as Baraco 0:04:17.600 --> 0:04:22.440 Bama himself had said that the rising seas would be 0:04:22.680 --> 0:04:30.520 turned away. That's why I remember this day forever, because 0:04:30.800 --> 0:04:35.680 this division and the promise was so clear that they 0:04:35.720 --> 0:04:40.120 were so proud of it, no embarrassment, such confidence it 0:04:40.160 --> 0:04:42.760 would be achieved. That they said it over and over 0:04:42.880 --> 0:04:44.160 and over and over. 0:04:44.080 --> 0:04:48.560 And over and over, inducing power prices by two hundred 0:04:48.560 --> 0:04:50.080 and seventy five dollars. 0:04:49.760 --> 0:04:52.560 By twenty twenty five, two hundred and seventy five dollars 0:04:52.880 --> 0:04:53.280 a year. 0:04:53.360 --> 0:04:56.640 Two hundred and seventy five dollars a year, will. 0:04:56.440 --> 0:04:59.240 Get power prices down by two hundred and seventy five 0:04:59.279 --> 0:04:59.800 dollars a. 0:04:59.800 --> 0:05:08.440 Year, and over and over again. And they connected with us, they. 0:05:08.800 --> 0:05:11.240 Met us where we are, as they charted a course 0:05:11.320 --> 0:05:17.880 to the future. Finally the climate was would be over. Yeah, 0:05:17.880 --> 0:05:20.479 that was all garbage. You knew it, and I knew 0:05:20.480 --> 0:05:21.120 it at the time. 0:05:22.240 --> 0:05:25.479 The problem with the transition to renewable energy is that 0:05:25.520 --> 0:05:28.720 it had to be built. None of it's free. Either 0:05:28.760 --> 0:05:30.719 the government was going to pay for it or the 0:05:30.760 --> 0:05:32.960 power companies were going to pay for it, and that 0:05:33.080 --> 0:05:36.080 means you, the customer, was going to pay for it. Literally, 0:05:36.200 --> 0:05:38.920 the CSIRO back then was suggesting it a cost one 0:05:39.080 --> 0:05:43.760 trillion dollars. On now it's half a trillion dollars. Green 0:05:43.800 --> 0:05:46.599 groups say that to not just build all of the 0:05:46.640 --> 0:05:52.440 wind farms and the solar farms, whatever, environment birds, koalas whatever. Man, 0:05:52.520 --> 0:05:56.479 this is rock and roll. But all of this could 0:05:56.600 --> 0:05:59.520 all be achieved, we'd all be fine. Of course, the 0:05:59.560 --> 0:06:05.279 result has been prices that have never come down. They 0:06:05.400 --> 0:06:09.200 never come down naturally, the cost of producing it costing 0:06:09.240 --> 0:06:12.680 way more the cost of building it, because of course 0:06:12.800 --> 0:06:16.800 billions of dollars. And the reality was that before we 0:06:16.880 --> 0:06:21.239 gave up on the battist winning car, we were being 0:06:21.320 --> 0:06:24.200 forced to jump into one that only had three wheels. 0:06:24.279 --> 0:06:26.440 But the promise was that we'd be able to cut 0:06:26.480 --> 0:06:29.760 the lap record and save money while we're doing it. 0:06:31.360 --> 0:06:35.600 Of Course, as I say, the reality is that everything 0:06:35.640 --> 0:06:37.880 has gone up since this government came to power. All 0:06:37.960 --> 0:06:41.920 of its promises to make life better were lies. They 0:06:41.920 --> 0:06:45.479 will say that international events got in the way, but 0:06:45.680 --> 0:06:48.280 as we all know, this was a mob who wanted 0:06:48.320 --> 0:06:51.160 to spend even more in COVID didn't they want to 0:06:51.160 --> 0:06:54.359 buy Virgin airlines? Were these the people who voted to 0:06:54.400 --> 0:06:56.800 tape off Job Keeper, but then wings that it should 0:06:56.839 --> 0:06:59.559 be higher and go for longer, Meaning the total amount 0:06:59.560 --> 0:07:02.520 of money the government would keep shoving into the economy 0:07:02.680 --> 0:07:06.880 would only affect inflation even higher and for even longer. 0:07:09.560 --> 0:07:12.520 Australians for all the obvious reasons, wanted to change a 0:07:12.560 --> 0:07:16.200 government last time. The problem is is that it was 0:07:16.240 --> 0:07:19.800 a way of endorsing the lies at the heart of 0:07:19.840 --> 0:07:22.880 their campaign, lies that now are going to bite them 0:07:22.920 --> 0:07:26.800 on the backside because power bills people are struggling to 0:07:26.840 --> 0:07:30.560 pay them. In fact, some analysis that is worth having 0:07:30.600 --> 0:07:34.000 a look at. Here you'll see three columns. The far 0:07:34.080 --> 0:07:36.640 left column is the promise of what your power bill 0:07:36.680 --> 0:07:39.520 would be, the black column is what your power bill 0:07:39.840 --> 0:07:41.920 was at the time they made the promise, and the 0:07:41.960 --> 0:07:47.040 red is what you're actually paying now. Surprise, surprise, the 0:07:47.160 --> 0:07:52.160 down has never come. And what is currently there on 0:07:52.240 --> 0:07:56.960 the doorstep of twenty twenty five is markedly higher than 0:07:56.960 --> 0:07:58.960 what you were playing in twenty twenty two. And I 0:07:58.960 --> 0:08:02.840 remember sitting here on the show looking down the same camera, 0:08:02.920 --> 0:08:08.840 same microphone, hopefully the same viewer who is and I said, look, 0:08:08.880 --> 0:08:11.280 gege your power bill from twenty twenty two when they 0:08:11.320 --> 0:08:14.920 made this promise, sorry, twenty twenty one when they made 0:08:14.960 --> 0:08:18.640 this promise, stick it on your fridge. If the bill 0:08:18.720 --> 0:08:20.560 come the next election is lower than that, then you 0:08:20.600 --> 0:08:24.080 know what, vote for them. But it isn't. Scott Newes 0:08:24.120 --> 0:08:25.480 dot com dot are you great place to have a 0:08:25.480 --> 0:08:29.240 look at today has pulled together to mark this incredible 0:08:29.240 --> 0:08:33.520 anniversary December the third historic day from the Eureka Stockade 0:08:33.520 --> 0:08:37.760 to the bloke who brought the potatoes to England. Two 0:08:37.800 --> 0:08:41.920 hundred thousand houses in Australia are currently struggling to pay 0:08:41.920 --> 0:08:45.559 their bills and currently in some sort of an arrangement 0:08:45.640 --> 0:08:49.679 with power companies to pay a little bit less. Over 0:08:49.800 --> 0:08:54.559 a longer period of time, people who run small businesses 0:08:54.600 --> 0:08:57.880 have seen their bills gone up by thousands of dollars, 0:08:59.320 --> 0:09:02.960 and as we have this week that despite the fact 0:09:03.000 --> 0:09:06.040 that Australia has a future made in Australia and manufacturing 0:09:06.160 --> 0:09:09.479 was going to come back to this country, the reality 0:09:09.679 --> 0:09:14.560 was that higher power prices adds the cost of everything else, which, 0:09:14.600 --> 0:09:19.080 of course at an inflationary time not good. So to 0:09:19.120 --> 0:09:23.880 the day three years on, this incredible day of history. 0:09:24.120 --> 0:09:26.600 Does the government stand by what it said over and 0:09:26.679 --> 0:09:29.640 over again? Do they stand by the promise that they 0:09:29.720 --> 0:09:34.119 made to you in exchange for your vote in twenty 0:09:34.400 --> 0:09:38.560 twenty two, Well, of course not, because they were never 0:09:38.640 --> 0:09:42.720 going to deliver it. Instead, their assumption was and still is, 0:09:43.640 --> 0:09:46.199 that Australia never kicks out a first term government, So 0:09:46.240 --> 0:09:48.880 it doesn't really matter. Okay, we'll lose a couple of seats, 0:09:48.880 --> 0:09:51.520 but we've got the Greens, probably some of the Victorian Teals, 0:09:51.640 --> 0:09:54.559 maybe all the Teals. Yeah, you know, you know a 0:09:54.640 --> 0:09:56.800 few people on the Crossit will be fine. We could 0:09:56.800 --> 0:09:59.080 lose like ten seats and those guys will prop us up. 0:09:59.160 --> 0:10:02.199 So will always be power. There will be no consequence 0:10:03.240 --> 0:10:07.560 to telling people outright lives. This is a kin to 0:10:07.640 --> 0:10:09.680 when Tony Abit turned around said we're going to stop 0:10:09.679 --> 0:10:12.960 the boats and three years later not stopping them. In 0:10:13.000 --> 0:10:15.520 fact more boats coming in. We would all have a 0:10:15.600 --> 0:10:18.240 very different reaction about that policy if that was the 0:10:18.240 --> 0:10:22.640 reality of it, but of course it wasn't. They stopped them. 0:10:22.880 --> 0:10:25.959 But because these guys think they had super magical powers, 0:10:26.000 --> 0:10:29.240 and particularly the Treasurer of Australia, who has an entire doctorate, 0:10:29.600 --> 0:10:32.800 not particularly in economics, but about how poor Heating sold 0:10:32.840 --> 0:10:36.920 his economic policies. So again, just like the bloke in 0:10:37.000 --> 0:10:39.440 Queensland who wasn't a medical doctor, despite the fact that 0:10:39.440 --> 0:10:42.040 the premier kept calling the health minister who became the 0:10:42.040 --> 0:10:45.160 premier doctor males, doctor males, doctor males, doctor miles. His 0:10:45.280 --> 0:10:50.680 doctorate was about unions. Doctor Jim Chalmers is a bloke 0:10:50.679 --> 0:10:54.120 who essentially has a bit of a doctorate in pr 0:10:54.240 --> 0:10:58.360 and spin well on Budget Night just this year, when 0:10:58.400 --> 0:11:00.560 he was confronted with the reality of OK, look you've 0:11:00.559 --> 0:11:02.800 got about a year ago, pretty obvious you're not going 0:11:02.880 --> 0:11:07.360 to get this promise, but he says, don't worry. It's 0:11:07.400 --> 0:11:10.240 a promise that never really mattered, despite the fact that 0:11:10.240 --> 0:11:11.760 they said it how many times. 0:11:13.480 --> 0:11:16.080 The number you're referring to is a forecast in twenty 0:11:16.120 --> 0:11:19.679 one about an outcome in twenty five. We're providing energy 0:11:19.679 --> 0:11:21.400 bill relief in the here and now. We did in 0:11:21.400 --> 0:11:23.760 the last budget, we are again in the next budget. 0:11:23.760 --> 0:11:27.080 But there'll be more relief for more people in this budget. 0:11:28.960 --> 0:11:34.480 Oh, the modeling was different. So you didn't say it. 0:11:34.520 --> 0:11:36.000 You didn't say it. You didn't say it. You didn't 0:11:36.000 --> 0:11:37.839 say it, you didn't say you didn't say, you didn't say, 0:11:37.920 --> 0:11:42.520 you didn't say it. It's all gone. This is not 0:11:42.760 --> 0:11:48.160 the power bill reduction you are looking for. Please, that's 0:11:48.160 --> 0:11:51.319 how dumb they think the Australian electorate is. Well, that's 0:11:51.360 --> 0:11:55.040 how confident they are that most people who cover them, 0:11:55.320 --> 0:11:58.200 much of the access media, who knows that if you 0:11:58.280 --> 0:12:01.640 cause trouble for this government, they'll just freezy out. And 0:12:01.679 --> 0:12:04.040 because they hope to be the government for them that 0:12:04.160 --> 0:12:07.400 remember the Sydney Boarding Herald writing the pieces like in 0:12:07.440 --> 0:12:09.720 the first three months that they were already planning a 0:12:09.760 --> 0:12:13.439 second term because of how amazing their polls were. Well, 0:12:13.480 --> 0:12:16.920 here we are after promising to make everything better and 0:12:16.960 --> 0:12:21.880 everything got worse, after twelve interest rate rises and an 0:12:21.960 --> 0:12:26.000 absolute failure to cut your power bill. Now, yes, they 0:12:26.040 --> 0:12:28.920 came up with a way of giving every household from 0:12:29.120 --> 0:12:34.400 mansions to a one bedroom unit in Charters towers twenty 0:12:34.480 --> 0:12:38.840 five dollars a month off your power bill. The reality 0:12:38.920 --> 0:12:40.959 is that because it keeps going up, it's all sort 0:12:41.000 --> 0:12:45.120 of been eaten up. The opinion polls have only gone 0:12:45.960 --> 0:12:49.400 one way for this government. Now, sure there will be 0:12:49.440 --> 0:12:51.320 at the occasional one where they might sort of flum 0:12:51.360 --> 0:12:54.560 a fifty one to a forty nine. But Mini certainly 0:12:54.559 --> 0:12:59.360 in the two party preferred have melted away, haven't they 0:13:00.120 --> 0:13:02.080 to see here? Don't worry where fine, the teals will 0:13:02.080 --> 0:13:05.120 save us. We're one hundred percent guaranteed to be the 0:13:05.120 --> 0:13:07.600 government for the next three year because you know, no 0:13:07.640 --> 0:13:10.360 one wants to no one who had done so unelectable 0:13:10.440 --> 0:13:17.720 right well, Thankfully, when there are opinion polls and opinion 0:13:17.720 --> 0:13:19.959 polls that are going in a particular trend, there are 0:13:20.200 --> 0:13:22.440 mates in the media that will step in to help you. 0:13:23.640 --> 0:13:25.800 The Turnbull Times would be an example of this. And 0:13:25.800 --> 0:13:31.439 when they're not begging you for money, we're in a 0:13:31.480 --> 0:13:38.920 scenario where they're running stories like that instead. Today they 0:13:38.960 --> 0:13:44.760 released a pole which magically shows that twenty seven percent 0:13:44.760 --> 0:13:46.560 of people who last month said we were headed in 0:13:46.559 --> 0:13:49.679 the right direction has now become thirty eight percent of 0:13:49.720 --> 0:13:53.160 people Apparently something magically changed by eleven points in the 0:13:53.200 --> 0:13:57.000 past month for people aged thirty five to fifty four, 0:13:57.720 --> 0:13:59.839 which means the overall number of people right track, wrong 0:13:59.840 --> 0:14:02.520 time is now starting to head back towards even rather 0:14:02.559 --> 0:14:04.199 than where we all know it is, which is the 0:14:04.240 --> 0:14:08.400 joint is headed in the wrong direction. But nothing to 0:14:08.440 --> 0:14:11.240 see here, we know what we're doing. We're better than you. 0:14:13.160 --> 0:14:18.960 Where the Elvis where the rock stars of Australian politics. 0:14:19.400 --> 0:14:23.040 We're as brave as the fighters of the Eureka Stockade, 0:14:23.440 --> 0:14:25.800 and we are as revolutionary as the bloke who brought 0:14:25.800 --> 0:14:32.480 a potato to England. One other thing that you have 0:14:32.680 --> 0:14:34.440 heard a little bit about today, but you knew I 0:14:34.480 --> 0:14:36.520 was going to have a say on this is more 0:14:36.560 --> 0:14:40.280 proof about how much money this government spends. This government 0:14:40.320 --> 0:14:42.480 is spending more than any government at any time because 0:14:42.480 --> 0:14:44.800 it's getting more tax than any government at any time. 0:14:46.200 --> 0:14:48.760 As Chris Richardson explained a few minutes before our show 0:14:48.800 --> 0:14:54.880 started with Charry, basically because of things like the iron 0:14:54.920 --> 0:14:58.640 ore and coal price, they've been able to enjoy a 0:14:58.680 --> 0:15:00.880 return that says, oh, we've balin. It's the budget, despite 0:15:00.920 --> 0:15:02.480 the fact there's a plan for a budget deficit for 0:15:02.520 --> 0:15:05.360 the next forty years. But they love spending other people's money. 0:15:05.560 --> 0:15:07.280 And then they turn around and say that under this 0:15:07.320 --> 0:15:10.680 government we have created one million jobs. Okay, you've created 0:15:10.680 --> 0:15:13.640 a lot of jobs in the public sector, but you 0:15:13.680 --> 0:15:15.640 don't create the jobs in the private sector. It's the 0:15:15.680 --> 0:15:18.960 people who take the risk to go and employ another 0:15:19.160 --> 0:15:21.200 human being they pay for it. Of course, all these 0:15:21.200 --> 0:15:23.680 people who've never been in the public sector, sorry, in 0:15:23.720 --> 0:15:25.840 the private sector. Oh no that sorry, Prime Minister was 0:15:25.880 --> 0:15:29.200 a bank teller for a few months in nineteen eighty one. 0:15:29.720 --> 0:15:33.880 So you know why no of us, why no of us? 0:15:34.920 --> 0:15:36.760 Government spending is now one hundred and ninety five b 0:15:36.960 --> 0:15:40.120 for billion dollars. What have we got the show for it? 0:15:41.680 --> 0:15:45.280 We have a household recession that is a world of pain. 0:15:45.320 --> 0:15:48.280 I'll get to that in the moment. But we also 0:15:48.360 --> 0:15:50.520 have the best part of a trunion dollars in debt. 0:15:51.480 --> 0:15:56.120 Oh but haven't they saved money? Paul no, Chalmers has 0:15:56.120 --> 0:15:58.520 spent sixty billion dollars more than he has saved. He 0:15:58.560 --> 0:16:04.240 has damaged the budget. Now while the government gets to say, 0:16:04.240 --> 0:16:07.360 where great because we have a budget surplus and we're 0:16:07.400 --> 0:16:10.320 great because the economy is growing by zero point one 0:16:10.640 --> 0:16:16.160 percent or zero point two percent the average Australian the 0:16:16.360 --> 0:16:20.760 per capita numbers show that Australians have been going backwards, 0:16:21.600 --> 0:16:24.440 and not for a couple of months. This has been 0:16:24.480 --> 0:16:31.720 now happening for six consecutive quarters, literally over and over 0:16:31.800 --> 0:16:34.320 and over again, for the best part of a year 0:16:34.320 --> 0:16:37.400 in a bit. We have been in a recession in 0:16:37.440 --> 0:16:39.640 the real world in Australia. While the government turns around 0:16:39.640 --> 0:16:42.440 and says he's fine, I mean he's completely great. Don't worry, 0:16:42.440 --> 0:16:48.760 the teals will prop us up. We brought potatoes, we 0:16:48.840 --> 0:16:52.960 know the heartbreak hotel. Well, what is really fascinating here 0:16:53.040 --> 0:16:54.920 is once you actually start to look into all of this, 0:16:55.120 --> 0:16:57.000 the reality is that while the government wants to tell 0:16:57.040 --> 0:16:59.840 you there is no recession, the reality is that they're 0:17:00.960 --> 0:17:04.000 when it comes to the economy. There are charts in 0:17:04.040 --> 0:17:06.040 a second that I'll explain all of this to you. 0:17:06.760 --> 0:17:09.199 But you see, this government is going to jurs frankly 0:17:09.240 --> 0:17:12.600 gaslight you a little bit like that person in your 0:17:12.640 --> 0:17:16.320 life who tells you that when they borrow your car, 0:17:16.800 --> 0:17:19.639 they use all of the fuel and you know you 0:17:19.720 --> 0:17:21.640 filled it up before you gave it to them. When 0:17:21.640 --> 0:17:23.320 they handed back to you with the fuel light on, 0:17:23.720 --> 0:17:28.520 they go, no, this why I found it. They think 0:17:28.600 --> 0:17:30.639 you're so stupid that you will just forget that you 0:17:30.680 --> 0:17:33.600 put the field in the car the day before. You 0:17:33.680 --> 0:17:38.640 will completely forget your own circumstances of the past three years. 0:17:39.359 --> 0:17:42.040 You will not dare devote the amount of government because 0:17:42.080 --> 0:17:44.560 Australians that don't do that, we'd have to look way 0:17:44.600 --> 0:17:47.520 back into history and where we're about tomorrow and the 0:17:47.640 --> 0:17:54.720 Ulebric Road and two seventy ha, which means you get 0:17:54.720 --> 0:18:01.040 garbage like Chris Bowen again, that historic figure who went 0:18:01.040 --> 0:18:03.240 into the Parliament last week and actually had the balls 0:18:03.280 --> 0:18:03.840 to say this. 0:18:05.560 --> 0:18:08.360 The inflation figure is released by the ABS this week 0:18:08.440 --> 0:18:12.080 showed a thirty five percent reduction and energy prices the 0:18:12.160 --> 0:18:15.679 biggest fall and energy prices ever recorded in Australian history. 0:18:16.480 --> 0:18:19.480 Because the government's spending billions of dollars to pay the 0:18:19.720 --> 0:18:23.000 power companies not to pass the increased charges on, it's 0:18:23.000 --> 0:18:27.680 completely artificial and because of that artificial attempt to make 0:18:27.760 --> 0:18:29.920 power prices look like they have gone down, the overall 0:18:29.960 --> 0:18:34.359 inflation number looks like it has gone down. However, a 0:18:34.400 --> 0:18:38.080 whole bunch of stuff is way higher than the government 0:18:38.080 --> 0:18:40.760 ever wants to look at. So they look at the averages, 0:18:40.800 --> 0:18:43.600 the headlines. They assume that you're too silly, too busy, 0:18:44.280 --> 0:18:48.040 too easily distracted by oh, look a puppy, that you 0:18:49.840 --> 0:18:53.240 don't pay attention to your own life circumstances, that despite 0:18:53.280 --> 0:18:55.880 the fact that you're struggling or certainly you know people 0:18:55.920 --> 0:18:58.960 that are struggling and they have for now three Christmases 0:18:58.960 --> 0:19:02.240 in a row. Minion, people are this close to homelessness. No, no, 0:19:02.320 --> 0:19:08.119 everything's fine, It's all rosy. Now tomorrow they'll tell us 0:19:08.160 --> 0:19:12.640 another BS picture about how Australia's economy is growing by 0:19:12.680 --> 0:19:15.000 four fifths of bugger all. But the reality is the 0:19:15.000 --> 0:19:19.000 per capita recession will be continuing. And for the people 0:19:19.000 --> 0:19:22.840 who live outside of the Canberra bubble who decide to 0:19:23.160 --> 0:19:27.040 borrow money, mortgage their house to start their own business, 0:19:28.160 --> 0:19:32.240 many of them are just hitting the wall. Insolvencies, particularly 0:19:32.280 --> 0:19:34.800 in around things like cafes, restaurants, these sorts of things 0:19:34.800 --> 0:19:37.639 in Queensland some of the biggest numbers that we have 0:19:37.760 --> 0:19:44.200 ever seen. In fact, they are record level. Meantime, in Victoria, 0:19:44.760 --> 0:19:47.040 the Business Council of Australia says Victoria is the worst 0:19:47.040 --> 0:19:49.840 place in the nation for a business. Why tax and 0:19:49.880 --> 0:19:54.600 red tape on. But it's okay. The lady who was 0:19:54.600 --> 0:19:57.520 found guilty of killing somebody can have IVF while she's 0:19:57.560 --> 0:20:01.280 in jail, because that's what you truly focused on, right 0:20:03.080 --> 0:20:04.880 And you've got a preview before we have a prime 0:20:04.880 --> 0:20:07.720 minister again, because we're leading up to an election, pretending 0:20:07.720 --> 0:20:12.480 everything's fine, everything is awesome, look the other way. Well again, 0:20:12.640 --> 0:20:15.040 I mean debted to the Financial Review, because they show 0:20:15.080 --> 0:20:18.600 it nice and clear that Australians, when it comes to 0:20:18.600 --> 0:20:23.120 your real wages right back down. In fact, to hit 0:20:23.119 --> 0:20:25.560 this level, you've got to go back to about twenty ten, 0:20:26.000 --> 0:20:30.040 twenty eleven. So a dollar today is worth the spending 0:20:30.080 --> 0:20:35.800 power of about what twelve thirteen, fourteen years ago. Nothing 0:20:35.840 --> 0:20:38.760 to see here, however, the annual income tax that the 0:20:38.800 --> 0:20:41.199 average Australian has paid, Oh jeez, that's gone up a 0:20:41.240 --> 0:20:45.080 lot since this government came to power. Oh please, that's 0:20:45.119 --> 0:20:47.239 not possible. Didn't they give everyone a too little, too 0:20:47.320 --> 0:20:52.720 late tax cut I'll bracket creep okay. And then the 0:20:52.760 --> 0:20:56.800 overall share of the average person's income tax and then 0:20:56.920 --> 0:21:03.240 homeland repayments has also gone how many twelve twelve interest 0:21:03.320 --> 0:21:07.680 rate rises? Oh yeah, and another little bit of data 0:21:07.800 --> 0:21:09.960 that came from that far right wing think tank down 0:21:10.000 --> 0:21:12.800 the bottom of the garden, just beside the incinerator that 0:21:12.800 --> 0:21:15.359 you never got rid of, and you'd secretly like to 0:21:15.400 --> 0:21:18.159 fire up again because you know we're all caveing in 0:21:18.160 --> 0:21:24.600 at heart. Australia has yet another trade deficit This is 0:21:24.600 --> 0:21:27.800 when we are importing more than we are exporting. This 0:21:27.880 --> 0:21:30.760 is now continued according to the Australian Bureau Statistics for 0:21:31.160 --> 0:21:37.360 six times in a row. Six in a row. Now 0:21:37.400 --> 0:21:40.120 that means we bring in more than we send out. 0:21:41.119 --> 0:21:43.720 And because we bring things into the country and we 0:21:43.760 --> 0:21:45.840 have to pay for them with an Australian dollar that 0:21:45.960 --> 0:21:49.440 is weaker than it's been since. Oh, that's right, this 0:21:49.520 --> 0:21:53.280 government came to power. As you can see there, that's 0:21:53.280 --> 0:21:56.080 basically the dollar in the top left hand corner, close 0:21:56.119 --> 0:21:58.560 to seventy five US sense. That's where the government took 0:21:58.560 --> 0:22:01.560 over and right now sixty four cent. It's good luck. 0:22:01.600 --> 0:22:04.800 If you're going overseas, you'll have a good time. It's 0:22:04.800 --> 0:22:09.240 just very expensive. But that's okay. The Prime Minister's got 0:22:09.280 --> 0:22:16.200 your back. All right. Let's move away from government because 0:22:16.240 --> 0:22:21.800 we talk about it enough. So what do banks and 0:22:22.320 --> 0:22:26.320 most people in Australian politics have in common. I'll get 0:22:26.320 --> 0:22:29.639 to that in a second. The first example is the 0:22:29.680 --> 0:22:33.720 Comonwealth Bank of Australia. Now, you may well have got 0:22:33.720 --> 0:22:35.680 a dollar mide account when you were a little kid, 0:22:35.720 --> 0:22:38.520 and that dolomide account turned into a savings account because 0:22:38.560 --> 0:22:40.639 you've been with them for ten years or twenties or 0:22:40.680 --> 0:22:43.680 forty years or sixty years, because I had the little 0:22:43.760 --> 0:22:49.880 ten you know, the little tin money box. And if 0:22:49.880 --> 0:22:52.480 they with a government back bank, you've never left them. 0:22:53.680 --> 0:22:55.159 And they make an awful lot of profit. And they 0:22:55.200 --> 0:22:57.160 have to like all the other banks. Why because they're 0:22:57.200 --> 0:22:59.240 listened on the stock exchange and one of their biggest 0:22:59.240 --> 0:23:02.359 investors of the super anuation funds. And the Labor Party says, 0:23:02.359 --> 0:23:05.200 we have to give a portion of our wage by 0:23:05.280 --> 0:23:09.720 law to the superannuation funds who either support the Labor 0:23:09.760 --> 0:23:16.080 Party or they turn around and invest in things like banks, 0:23:16.600 --> 0:23:17.960 which means, of course you have to have a bigger 0:23:17.960 --> 0:23:20.480 profit than the last few, otherwise the whole system falls over. 0:23:21.000 --> 0:23:23.480 So how do you do that? Well, the Commonwealth Bank 0:23:23.520 --> 0:23:27.439 is introducing a brand new fee and put simply it 0:23:27.480 --> 0:23:30.119 as a fee for you wanting to withdraw money, your 0:23:30.280 --> 0:23:35.120 money from their branch. Now it's free if you want 0:23:35.160 --> 0:23:36.960 to do it as a transfer on the internet. It's 0:23:37.000 --> 0:23:39.359 free if you want to use one of their ATMs. 0:23:39.359 --> 0:23:42.240 But no, no, The Commonwealth Bank announced on Tuesday that 0:23:42.400 --> 0:23:45.720 millions of customers faced a forced transition over it's a 0:23:45.800 --> 0:23:49.360 smart access account, which would be hit with a three 0:23:49.400 --> 0:23:52.199 dollar assisted with drawal fee. Every time you want to 0:23:52.240 --> 0:23:57.040 take out cash at a branch your money your bank, 0:23:59.680 --> 0:24:01.560 they you with a fee, or if you do it 0:24:01.600 --> 0:24:02.919 at a post office, or if you do it over 0:24:02.960 --> 0:24:06.320 the phone. The Commonwealth Bank issued a notice to large 0:24:06.400 --> 0:24:08.960 numbers of its seventeen million account holders saying this thing 0:24:09.040 --> 0:24:11.200 was changing. Oh yeah, and that also going to put 0:24:11.200 --> 0:24:15.239 in a four dollar monthly account fee. While also, of 0:24:15.240 --> 0:24:17.360 course all of the banks is nothing about the Commonwealth Bank. 0:24:17.359 --> 0:24:19.640