WEBVTT - The Late Debate | 3 April 0:00:01.240 --> 0:00:05.800 Lateens General Man, Welcome to the Late Debase. 0:00:08.800 --> 0:00:10.320 Good evening and welcome to the program. 0:00:10.400 --> 0:00:13.640 I'm Caleb Bond with Joe Hildebrand and Liz Storer. 0:00:13.680 --> 0:00:14.760 Well, would you believe it? 0:00:14.840 --> 0:00:18.640 Yet another thing the Victorian government has managed to bugger up. 0:00:18.720 --> 0:00:21.000 We told you the other night that they've now got 0:00:21.360 --> 0:00:25.240 hard call criminals murderers being put into medium security prison 0:00:25.239 --> 0:00:27.920 because they don't have enough room left in the maximum 0:00:27.920 --> 0:00:28.840 security prisons. 0:00:29.080 --> 0:00:30.240 There is a prison. 0:00:29.960 --> 0:00:32.919 Shortage, except for the fact that there are four hundred 0:00:33.000 --> 0:00:36.640 beds lying unused in Victorian prisons and they might be 0:00:36.640 --> 0:00:37.760 about to demolish them. 0:00:37.880 --> 0:00:39.440 We'll tell you what's going on with that soon. 0:00:39.760 --> 0:00:42.680 In the papers, Anthony Albanezi has a big tax promise 0:00:43.120 --> 0:00:45.640 for trade's it's all on for young and old, and 0:00:45.720 --> 0:00:49.680 later the politician who's changed football teams for a photo op. 0:00:49.760 --> 0:00:53.479 As far as I'm concerned, you can not do it. 0:00:53.560 --> 0:00:55.960 But some good news, it would seem the idea of 0:00:56.040 --> 0:00:59.720 DOGE is starting to get through here in Australia and 0:00:59.760 --> 0:01:03.200 of course in my hometown of South Australia. In Adelaide, 0:01:03.440 --> 0:01:07.120 the Chairman of the Productivity Commission, Adrian Temble, has said, 0:01:07.160 --> 0:01:11.160 well there's merit in doing this here. I'm glad people 0:01:11.200 --> 0:01:14.080 are starting to wake up. He gave a speech yesterday 0:01:14.200 --> 0:01:17.040 entitled does doge have any relevance to essay? 0:01:17.480 --> 0:01:19.240 And his answer was yes. 0:01:19.280 --> 0:01:22.360 He said that the public sector must be just as informative, 0:01:22.720 --> 0:01:26.960 reform innovative, sorry, reformist, and generally open to change as. 0:01:26.760 --> 0:01:29.120 We expect our private sector to be. 0:01:29.200 --> 0:01:32.080 Funny about that, and his suggestion the way to do 0:01:32.160 --> 0:01:34.959 it is that every year there should be at least 0:01:35.000 --> 0:01:37.839 a day or perhaps even a week set aside where 0:01:37.880 --> 0:01:42.200 Parliament comes together to debate where the departments have actually 0:01:42.600 --> 0:01:46.200 met performance targets. You know those things we deal with 0:01:46.280 --> 0:01:49.040 in the private sector where the boss says you've got 0:01:49.080 --> 0:01:51.440 to achieve KPIs by the end of the year and 0:01:51.480 --> 0:01:53.960 if you don't do them, your job might be on 0:01:54.000 --> 0:01:56.440 the line. But of course for many public servants it's 0:01:56.480 --> 0:01:57.720 far too cushy for that. 0:01:57.800 --> 0:01:59.320 You know, we're just going to say, well, but we'd 0:01:59.360 --> 0:01:59.840 like this. 0:02:00.000 --> 0:02:02.880 One in a time frame that no one really knows 0:02:02.920 --> 0:02:04.640 what it is, but we'll come back and look at 0:02:04.640 --> 0:02:06.720 it in four years time, and then when it hasn't 0:02:06.720 --> 0:02:09.120 been done, we'll give you some more money to perhaps 0:02:09.200 --> 0:02:12.320 get the job done. I'm glad Liz that the message 0:02:12.360 --> 0:02:15.640 is finally getting through. We need a doge federally, we 0:02:15.680 --> 0:02:18.680 need a doge in every state. People are starting to 0:02:18.720 --> 0:02:21.200 wake up to the fact it's the Trump effect that 0:02:21.280 --> 0:02:25.480 has been permeating the world since he was elected in November. Again, 0:02:25.800 --> 0:02:28.240 the Trump affix saying, look, we do actually have to 0:02:28.280 --> 0:02:30.920 care a little bit about how our governments are operating. 0:02:31.000 --> 0:02:34.800 Oh one hundred percent. Who doesn't want government efficiency? But 0:02:34.840 --> 0:02:38.640 as I've said before, when the Trump administration just last 0:02:38.720 --> 0:02:43.480 month passed a continuing resolution that meant government spending was 0:02:43.520 --> 0:02:46.320 going to stay at the same levels as the Biden 0:02:46.360 --> 0:02:51.799 administrations until at least September, then all the doge rave 0:02:51.960 --> 0:02:55.760 for me went out the window. Because while you're slashing 0:02:55.840 --> 0:02:58.400 these projects and this bit and that bit, and it 0:02:58.440 --> 0:03:01.680 all looks wonderful and it's made Goodness knows how many 0:03:01.680 --> 0:03:07.160 incredible headlines, is massively looking amazing to the public, And naturally, 0:03:07.240 --> 0:03:10.120 people in other Western countries are saying, we'll have what 0:03:10.240 --> 0:03:14.040 they're having, thank you very much, spending our tax dollar 0:03:14.080 --> 0:03:17.799 better than you have been. The bottom line is, if 0:03:17.880 --> 0:03:21.720 government spending is staying at the same levels, it's a 0:03:21.760 --> 0:03:27.119 pile of hot air. They're simply fun funneling those funds elsewhere. 0:03:27.280 --> 0:03:29.760 Now one could argue, well they're funneling it in a 0:03:29.760 --> 0:03:33.600 better way, but we simply don't know that yet. And 0:03:33.639 --> 0:03:36.800 so I do wonder if much like this fellow in 0:03:36.840 --> 0:03:42.720 South Australia has cottoned onto making these announcements. Sounds absolutely wonderful. 0:03:42.800 --> 0:03:45.520 While we'll get you a doge, we'll take on this 0:03:45.720 --> 0:03:49.840 doge like style of slashing this and that these politicians 0:03:49.840 --> 0:03:52.160 have figured out, Well, we can get those headlines, we 0:03:52.240 --> 0:03:54.960 can look just as good. But are we actually going 0:03:55.000 --> 0:04:00.440 to be cutting government spending and thereby reducing inflation. No, 0:04:01.080 --> 0:04:03.960 but we'll get the headlines and will look amazing. 0:04:04.080 --> 0:04:07.560 Joe, I would not be holding your breath to see 0:04:07.560 --> 0:04:10.800 this great new revolution descend upon the fine free state 0:04:10.840 --> 0:04:12.600 of South Australia. 0:04:13.080 --> 0:04:14.320 Valley's a sensible now. 0:04:14.360 --> 0:04:17.160 He's a fantastic guye and I love him. He's also 0:04:17.200 --> 0:04:21.839 a pragmatist. The exact quote from the Productivity Commissioned chairman 0:04:22.120 --> 0:04:25.560 was that there was a quote small level of validity 0:04:25.920 --> 0:04:28.200 that dose could have a role there, which is the 0:04:28.360 --> 0:04:31.000 most bureaucratic thing you could possibly say. There is some 0:04:31.160 --> 0:04:36.760 element of programmatic specific specificity within certain parameter bound widths, 0:04:37.040 --> 0:04:40.200 which perhaps we could pursue with a view too at 0:04:40.200 --> 0:04:44.200 some point in the future, reviewing the existing operations as 0:04:44.240 --> 0:04:47.120 they currently stand, and seeing if at some point there 0:04:47.200 --> 0:04:50.400 might be scope for further examination of a business case 0:04:50.560 --> 0:04:53.960 for developing certain other procedures that might then lead to 0:04:54.080 --> 0:04:56.840 greater efficiency beyond the forward estimates period. 0:04:56.960 --> 0:04:59.280 You could not have put it better, Jo, I mean 0:04:59.400 --> 0:05:03.600 you clear as a Jada journalist like me have read 0:05:03.720 --> 0:05:06.080 through so many of these things. I think the reason 0:05:06.120 --> 0:05:09.160 it's so important now is that over the last few 0:05:09.240 --> 0:05:13.120 years what we've seen is an effective recession in Australia. 0:05:13.200 --> 0:05:16.039 It didn't show up on paper because we pumped the 0:05:16.120 --> 0:05:18.760 country up with so many migrants that it looked like 0:05:19.160 --> 0:05:21.800 there was economic growth because of course naturally if you 0:05:21.880 --> 0:05:24.720 have more people, you have to service more people, and 0:05:24.760 --> 0:05:27.520 so that creates some level of economic growth. Now it's 0:05:27.560 --> 0:05:30.040 been minuscule, you know, zero point one percent of whatever 0:05:30.440 --> 0:05:32.640 each court of it, just enough to say we weren't 0:05:32.640 --> 0:05:36.919 in recession, except of course that in real terms household GDP, 0:05:37.520 --> 0:05:40.799 we were going in recession. People have had less actual 0:05:40.880 --> 0:05:44.480 money in their hands relative to inflation to spend and 0:05:44.520 --> 0:05:47.000 If you look at the jobs that have been created 0:05:47.080 --> 0:05:49.200 for all of these new mirgrants that have come into 0:05:49.240 --> 0:05:52.839 the country, eighty percent of them, more than eighty percent 0:05:52.880 --> 0:05:55.360 of them are linked in some way to the government, 0:05:55.560 --> 0:05:58.240 so it's in the health sector, or it's in some 0:05:58.560 --> 0:06:02.200 sector that gets from the government in order to create 0:06:02.240 --> 0:06:02.839 these jobs. 0:06:03.080 --> 0:06:06.480 There's not actually any growth in the private sector. 0:06:06.240 --> 0:06:09.159 No, unless they're getting money from the government in order 0:06:09.240 --> 0:06:11.919 to do it. That's not growing an economy. It's just 0:06:11.960 --> 0:06:14.520 spending more text to make it look like you're growing 0:06:14.520 --> 0:06:15.200 an economy. 0:06:15.560 --> 0:06:19.080 Indeed, and it's not sustainable, which is why it's encouraging 0:06:19.200 --> 0:06:23.120 that Dutton. Despite the fact that I'm sorry, he's not 0:06:23.200 --> 0:06:25.839 going to be the next prime minister, they're there. It 0:06:25.960 --> 0:06:30.640 is just honestly, if I hear what conservative commentator say 0:06:30.720 --> 0:06:32.880 that this is neck and neck. I had a friend 0:06:32.880 --> 0:06:35.760 of mine on the phone to me just today and 0:06:35.960 --> 0:06:39.320 she's all downhearted because she's like, you know, do you 0:06:39.440 --> 0:06:41.800 think we're gonna make it? And I said to her, 0:06:41.920 --> 0:06:46.320 anyone telling you that this is possible, I'm sorry, is 0:06:46.520 --> 0:06:50.599 simply flying high. I'd love to have whatever they're having, 0:06:51.080 --> 0:06:53.880 but I do love this promise by Dutton to slash 0:06:53.960 --> 0:06:59.640 forty one thousand out of the public sector employees, because 0:06:59.640 --> 0:07:02.640 we all though this is bloated for the very reasons 0:07:02.640 --> 0:07:06.320 that you just outlined. This is bloated, This is unnecessary, 0:07:06.600 --> 0:07:08.680 and we all know that you could slash more than 0:07:08.680 --> 0:07:12.320 that tomorrow and nobody would know a difference in the 0:07:12.400 --> 0:07:15.920 levels of service that we receive from our government. Speaking 0:07:16.000 --> 0:07:20.480 of we all know that Victoria is now going to 0:07:20.520 --> 0:07:23.760 be looking at an uptick as high as twenty percent 0:07:24.240 --> 0:07:27.520 in terms of how many prison beds they need in 0:07:27.560 --> 0:07:30.000 the next twelve months, due to the fact that just 0:07:30.120 --> 0:07:33.440 last month they rushed through those tougher Bayer laws because 0:07:33.640 --> 0:07:36.640 they're finally cracking down on crime. 0:07:36.800 --> 0:07:39.040 This is it, This is the dawn of a new era. 0:07:39.440 --> 0:07:43.760 They're going to be punishing criminals, revelatory. But they have 0:07:43.840 --> 0:07:47.320 a massive problem on their hands because two new prison 0:07:47.440 --> 0:07:53.800 builds are proving to be infested with mold, which means 0:07:53.840 --> 0:07:57.160 that over four hundred and fifty brand new prison beds 0:07:57.720 --> 0:08:03.600 are unusable. Terrible timing for this to make the news, 0:08:03.680 --> 0:08:08.720 isn't it. Corrections Minister Enver Erdagan, sorry if I got 0:08:08.720 --> 0:08:12.840 that wrong, buddy, says the government has hired lawyers and 0:08:12.880 --> 0:08:15.840 they are ready to take the contractors who did these 0:08:15.960 --> 0:08:18.760 dodgy builds to court. 0:08:18.880 --> 0:08:21.040 So these two allegedly faulty. 0:08:20.680 --> 0:08:25.320 Builds at two maximum security prisons, namely the Metropolitan Remand 0:08:25.400 --> 0:08:30.040 Center in raven Hall and Bar One Prison at Lara, 0:08:30.120 --> 0:08:34.680 are just sitting there. Nobody can actually be in these beds, 0:08:35.040 --> 0:08:37.559 and the Corrections Minister is saying, no, no, this isn't 0:08:37.600 --> 0:08:40.160 going to be a problem because we've got the brand 0:08:40.240 --> 0:08:43.160 new maximum security center opening. 0:08:43.160 --> 0:08:44.600 Mid this year. 0:08:44.960 --> 0:08:48.920 But that, good sir, is replacing the Port Philip prison, 0:08:49.480 --> 0:08:52.480 and the new one that you're referring to, which has 0:08:52.559 --> 0:08:57.680 twelve hundred beds, is only got one hundred more breds 0:08:57.920 --> 0:09:02.480 than the prison that's closing. Again, you're not really making 0:09:02.600 --> 0:09:04.920 up the gap of the fact that you guys are 0:09:05.000 --> 0:09:08.480 going to need twenty percent more prison beds. The math 0:09:08.559 --> 0:09:12.280 isn't mathing, buddy over the next twelve months. And you're 0:09:12.360 --> 0:09:17.199 pointing to this brand new one called the Western Plains 0:09:17.240 --> 0:09:20.720 Correctional Center saying no, no, no, this is opening mid 0:09:20.800 --> 0:09:23.920 this year, so nothing to see here. Yeah, but it's 0:09:23.960 --> 0:09:28.120 replacing the one that you're closing Port Philip prison, and 0:09:28.400 --> 0:09:30.679 the new one only has one hundred more beds than 0:09:30.720 --> 0:09:34.840 that one, which one assumes is already pretty much at capacity. 0:09:35.280 --> 0:09:38.400 So it's not reassuring for Victorians at all. 0:09:39.480 --> 0:09:43.840 The Victorian government can't do Maths's suggesting there is anything 0:09:43.920 --> 0:09:49.559 wrong with the Victorian governments finances, forward planning, cost business. 0:09:49.600 --> 0:09:51.360 I don't think you need to get easy. 0:09:51.400 --> 0:09:55.520 I feel cost benefit analysis. Look, these guys are just 0:09:56.520 --> 0:09:58.439 obviously just a BASTONCA. It's getting to the point where 0:09:58.480 --> 0:10:01.080 it's kind of like fast, isn't it? Like sorry? What sorry? 0:10:01.480 --> 0:10:04.520 We can't open the prisons because because the beds are rotting, 0:10:06.120 --> 0:10:09.079 it's not burning like the midnight oil. So like every 0:10:09.080 --> 0:10:11.600 time there's a riot in a Victorian prison, which seems 0:10:11.640 --> 0:10:13.640 to have been quite up frequently as well, but they're 0:10:13.679 --> 0:10:16.840 just rotting, and it's just such a it seems like 0:10:16.920 --> 0:10:19.960 such a metaphor for my old home state as well, 0:10:20.000 --> 0:10:23.880 that that is literally just sort of decaying, just slowly 0:10:24.360 --> 0:10:28.920 falling apart into some weird formless primordial gunk. 0:10:28.760 --> 0:10:30.840 Overgrown with molds. Two things. 0:10:31.160 --> 0:10:34.240 One, it's a maximum security prison, right, so the sort 0:10:34.240 --> 0:10:37.800 of people they're putting in here are reasonably unsafe, right, 0:10:38.320 --> 0:10:41.040 So the keys, if they have to live in a moldy. 0:10:42.520 --> 0:10:45.440 It doesn't much matter to me them in there. 0:10:45.600 --> 0:10:47.360 But the other thing, of course, is we know that 0:10:47.480 --> 0:10:49.200 Victoria is running out of money. 0:10:49.240 --> 0:10:51.240 I mean, the state is essentially broke. 0:10:51.280 --> 0:10:54.400 They are a mindicant state now right, And they're trying 0:10:54.440 --> 0:10:57.320 to get taxes here in Texas here, and they've jacked 0:10:57.360 --> 0:10:59.280 up the land text to high heaven, on on and 0:10:59.320 --> 0:11:01.320 on it goes. They don't have the money to pay 0:11:01.360 --> 0:11:03.280 for these things. Meanwhile they're trying to do the suburban 0:11:03.360 --> 0:11:06.040 rail loop, et cetera. So is this a case of 0:11:06.160 --> 0:11:08.800 they just found like the cheapest guy they could in 0:11:08.840 --> 0:11:11.320 the white pages or the yellow badges, and was like. 0:11:11.400 --> 0:11:13.640 Yeah, yeah, we'll get you. We'll do a cashy job. 0:11:14.679 --> 0:11:16.120 I will see how it goes well. 0:11:16.120 --> 0:11:18.720 They're finding out how it goes now. It reminds me 0:11:18.760 --> 0:11:22.680 of you might remember in Faulty Towers when Basil gets 0:11:22.720 --> 0:11:25.320 the builder o'reiley to come in and do some work 0:11:25.600 --> 0:11:28.280 on the hotel, and his wife Sybil pleads with him 0:11:28.360 --> 0:11:30.000 not to get this cut price. 0:11:30.120 --> 0:11:31.760 O'Reilly's loke in to do the job. 0:11:32.040 --> 0:11:33.600 It gets him in to do the job, and it 0:11:33.640 --> 0:11:35.080 goes about as well as you'd expect. 0:11:36.679 --> 0:11:38.520 I don't care right now on my dining room door 0:11:38.559 --> 0:11:40.080 put back, and it's other one take it away by 0:11:40.120 --> 0:11:42.760 one o'clock. You understand, no, no, no, I don't want 0:11:42.760 --> 0:11:44.440 a debate about it. If you're not over here in 0:11:44.480 --> 0:11:46.240 twenty minutes with my door, I should come over there 0:11:46.240 --> 0:11:48.600 and insert a large garden room and you're good there. 0:11:51.840 --> 0:11:54.720 I'm sorry, mister faulty, but my man just won't work 0:11:54.760 --> 0:11:56.520 on the Sunday. And that's the way it is. 0:11:56.520 --> 0:11:57.640 There's nothing they can do about it. 0:11:57.960 --> 0:11:59.360 How long is it going to take you? Well, I'm 0:11:59.360 --> 0:12:00.600 not going as fast as we can. 0:12:01.880 --> 0:12:04.199 I mean there's a probably the discussions they're having it 0:12:04.280 --> 0:12:06.160 the moment they won't work on tu we're doing it 0:12:06.200 --> 0:12:08.520 as fast as so disgracefully. 0:12:08.720 --> 0:12:10.800 I mean, we talked about this last time. I'm sick 0:12:10.880 --> 0:12:14.760 of my people, the Irish already colonized and enslaves. They 0:12:14.800 --> 0:12:18.760 bring it to overlords being treated to this ongoing intergenerational 0:12:18.880 --> 0:12:23.640 racism by wasby British Protestant elites. I won't have it. 0:12:23.800 --> 0:12:25.720 And if you would like a cheap bill, just call 0:12:26.040 --> 0:12:30.320 Jolly Joe's Bonds. The bills we do it three hundred. 0:12:31.120 --> 0:12:33.880 You know, I've said this before so many, so many 0:12:33.920 --> 0:12:35.959 government contracts I wish I could get my hands on. 0:12:36.160 --> 0:12:38.440 I mean, couldn't the three of us not together a 0:12:38.480 --> 0:12:40.160 building that doesn't turn moldy? 0:12:40.559 --> 0:12:40.719 Like? 0:12:40.960 --> 0:12:42.120 How hard can it be? 0:12:42.320 --> 0:12:45.160 I don't know how your youth is tracking, Kayla, but 0:12:45.440 --> 0:12:47.440 I have to say that every single bed that I 0:12:47.559 --> 0:12:51.120 encountered in every sharehouse ended up pretty much the saver 0:12:51.200 --> 0:12:51.400 as the. 0:12:51.760 --> 0:12:53.719 Bar it stood it out for the people in the 0:12:53.800 --> 0:12:56.200 sharehouses exactly frizzy and. 0:12:56.240 --> 0:13:01.680 Give them scabies for good measure. Oh dear, No, let's 0:13:01.720 --> 0:13:02.760 talk about liberation data. 0:13:02.960 --> 0:13:04.839 Let's let's go on to that. Of course, it's the 0:13:04.920 --> 0:13:05.960 story of the day. 0:13:06.120 --> 0:13:08.000 And I'm not going to go chapter and verse into 0:13:08.040 --> 0:13:09.880 what's happened, because if you haven't heard it by now, 0:13:09.960 --> 0:13:12.000 well you've been living under a rock. But of course, 0:13:12.280 --> 0:13:15.000 the pertinent thing for us is that the United States 0:13:15.360 --> 0:13:18.079 has put a ten percent tariff on any product that 0:13:18.240 --> 0:13:22.240 we export to the United States. They say that's because 0:13:22.480 --> 0:13:26.120 we have some sort of reciprocal tariff on them. Simply 0:13:26.200 --> 0:13:29.559 not true. The justification here seems to be that we 0:13:29.720 --> 0:13:33.240 slap the GST on US products that come into Australia, 0:13:33.480 --> 0:13:36.559 but we also slap the GST on Australian products that 0:13:36.640 --> 0:13:38.040 are made here in Australia. 0:13:38.200 --> 0:13:40.079 It is not a tariff. 0:13:40.160 --> 0:13:43.520 So the justification for all of this I cannot see. 0:13:43.640 --> 0:13:45.640 But Trump, of course is not doing it for the 0:13:45.679 --> 0:13:48.079 rest of the world. He's doing it for the people 0:13:48.200 --> 0:13:51.679 at home. He's doing it for America first, which is 0:13:51.720 --> 0:13:54.040 what he was elected to do. And here he is saying, 0:13:54.080 --> 0:13:56.480 this will be the rebirth of American industry. 0:13:58.320 --> 0:14:03.360 Fellow Americans, is Liberation Day waiting for a long time. 0:14:06.120 --> 0:14:09.960 April second, twenty twenty five will forever be remembered as 0:14:10.040 --> 0:14:15.120 the day American industry was reborn, the day America's destiny 0:14:15.320 --> 0:14:19.480 was reclaimed, and the day that we began to make 0:14:19.760 --> 0:14:21.680 America wealthy again. 0:14:23.080 --> 0:14:27.280 And Trump specifically pointed out Australian beef because we send 0:14:27.360 --> 0:14:29.360 a lot of beef to the United States. It is 0:14:29.440 --> 0:14:31.720 the best beef in the world, of course, but we 0:14:32.040 --> 0:14:36.080 refuse to take us beef because of concerns over mad 0:14:36.200 --> 0:14:38.400 cow disease. Now the experts in the US say that's 0:14:38.440 --> 0:14:41.280 not a problem anymore. The experts heresay, we're not quite 0:14:41.400 --> 0:14:44.440 so sure about that. But he opened up the possibility 0:14:44.440 --> 0:14:46.440 and we don't really know yet how this is going 0:14:46.520 --> 0:14:49.200 to land of banning Australian beef all together. 0:14:50.720 --> 0:14:55.360 Well, Australia bans and they're wonderful people and wonderful everything, 0:14:55.480 --> 0:14:59.080 but they ban American beef. Yet we imported three billion 0:14:59.480 --> 0:15:03.400 dollars of Australian beef from them just last year alone. 0:15:03.480 --> 0:15:05.480 They won't take any of our beef. They don't want 0:15:05.520 --> 0:15:08.080 it because they don't want it to affect their farmers. 0:15:08.120 --> 0:15:09.600 And you know what, I don't blame them, but we're 0:15:09.640 --> 0:15:13.880 doing the same thing right now, starting about midnay to night. 0:15:15.080 --> 0:15:17.480 We'll see where all of this actually lands. 0:15:17.520 --> 0:15:20.440 And of course it's one thing that both leaders of 0:15:20.920 --> 0:15:23.280 the government and the opposition are on a unity ticket 0:15:23.360 --> 0:15:27.080 on that these tariffs are bad. The Prime Minister Anthony Alberze, 0:15:27.080 --> 0:15:29.480 he tried to make hay while the sun shone today. 0:15:29.840 --> 0:15:32.040 He said this was not the act of a friend. 0:15:33.360 --> 0:15:39.080 President Trump referred to reciprocal tariffs. A reciprocal tariff would 0:15:39.120 --> 0:15:45.120 be zero, not ten percent. The administration's tariffs have no 0:15:45.280 --> 0:15:48.640 basis in logic, and they go against the basis of 0:15:48.760 --> 0:15:52.240 our two nations partnership. This is not the act of 0:15:52.280 --> 0:15:52.720 a friend. 0:15:53.920 --> 0:15:57.360 Now what he says is right, and I suspect quietly 0:15:57.800 --> 0:15:59.800 Albanize might have been a little bit pleased that all 0:15:59.840 --> 0:16:02.000 of this played out as it did today because it 0:16:02.240 --> 0:16:04.920 allows him to stand up so well, I'm going into 0:16:05.000 --> 0:16:06.800 that for Australia. So it comes at a good time 0:16:06.880 --> 0:16:10.000 in the middle of an election campaign. But what justification 0:16:10.320 --> 0:16:13.280 is there for a ten percent tariff on Australians products. 0:16:13.320 --> 0:16:16.680 There's none whatsoever, And Albo is completely right, there is 0:16:16.720 --> 0:16:19.720 no justification whether Trump and the administration have got confused 0:16:19.720 --> 0:16:22.560 by the ten percent GST on imports because remember there 0:16:22.600 --> 0:16:25.000 were some that were exempt. If you buy bought stuff 0:16:25.000 --> 0:16:26.760 on the wine from overseas, it was exempt, and then 0:16:27.000 --> 0:16:29.040 a GEST was put on that. So does he suddenly 0:16:29.120 --> 0:16:31.360 think that that's what the GST is. Of course in 0:16:31.440 --> 0:16:34.720 America they have different states have different sales tax all 0:16:34.760 --> 0:16:37.160 over the country. Is that a tariff because you go 0:16:37.240 --> 0:16:38.800 to Wyoming and you pay a seven and a half 0:16:38.840 --> 0:16:41.280 percent or whatever it might be. I don't know. So 0:16:41.440 --> 0:16:44.520 it's absolutely right about that and the issue, as you 0:16:44.640 --> 0:16:48.840 rightly said, the reason we have an issue with uncooked 0:16:49.000 --> 0:16:51.640 American beef coming to Australia is the same reason why 0:16:51.680 --> 0:16:55.400 anyone who brings a banana in here basically gets strip search. 0:16:55.440 --> 0:16:58.040 Because we have really really strict biosecurity laws because we 0:16:58.120 --> 0:17:01.800 are an island continent nation. But the interesting thing here 0:17:02.000 --> 0:17:07.119 is not what the US tariff what will happen just 0:17:07.160 --> 0:17:10.480 because the US tariffs on Australia will do it's because 0:17:10.520 --> 0:17:12.400 it's the tariffs that they're going to put on everyone else. 0:17:12.480 --> 0:17:15.960 So they're putting like thirty four percent on China. I 0:17:16.000 --> 0:17:18.720 think it's twenty six percent on India. Now they are 0:17:18.800 --> 0:17:21.359 two of our biggest trading partners. I think India's our 0:17:21.359 --> 0:17:24.560 biggest market for education, which our third of something biggest export. 0:17:25.200 --> 0:17:28.200 China of course our biggest export partner full stop. So 0:17:28.760 --> 0:17:32.440 if those countries can't do trade with the US on 0:17:32.560 --> 0:17:35.760 even terms, it can't export to them anymore. Suddenly their 0:17:35.880 --> 0:17:40.080 growth collapses, Their growth goes down, Global growth goes down 0:17:40.119 --> 0:17:42.280 from like three to two percent some people are suggesting. 0:17:42.400 --> 0:17:44.600 But their growth in particular is going to get smashed 0:17:44.600 --> 0:17:46.200 because they're to be hit by tariffs that are a 0:17:46.440 --> 0:17:48.840 quarter to a third of the cost of the goods. 0:17:49.119 --> 0:17:52.640 And then of course they don't have their economies strong enough. 0:17:52.720 --> 0:17:54.719 They don't have big consumers there who want to buy 0:17:54.760 --> 0:17:57.680 Australian iron ore to build stuff because they're not getting 0:17:57.720 --> 0:18:01.040 richer anymore. They're not making more money. So the real 0:18:01.080 --> 0:18:03.720 worry is what it does to China and India and 0:18:03.960 --> 0:18:06.320 the effect that that then has on us rather than 0:18:06.400 --> 0:18:08.200 just each way. And then the other big thing to 0:18:08.280 --> 0:18:10.640 worry about will be what happens if they go after 0:18:10.680 --> 0:18:13.639 the PBS. Will they start telling the government that it's 0:18:13.760 --> 0:18:18.240 not allowed to negotiate. But basically, you know, bulk buys 0:18:18.440 --> 0:18:21.760 of goods that it then subsidizes and sells off to 0:18:21.960 --> 0:18:25.639 us for cheap prices so that we don't die. So 0:18:25.960 --> 0:18:28.159 if I think if that happens, you know, I suddenly 0:18:28.200 --> 0:18:30.240 you hear stories of people not being able to get 0:18:30.320 --> 0:18:34.000 access to life saving cancer medication because you know, the 0:18:34.040 --> 0:18:38.400 pharmaceutical big pharmaceutical companies in America, who Donald Trump's health 0:18:38.440 --> 0:18:40.119 minister is meant to be going to war with and 0:18:40.280 --> 0:18:42.600 keeping in check whatever happened to that RFK Junior. 0:18:43.320 --> 0:18:46.280 That's when I think people will get really, really furious. 0:18:46.520 --> 0:18:48.440 And the reason why I won't say it's good for 0:18:48.520 --> 0:18:50.440 Anthony Abernezi, but the reason why it's bad for Peter 0:18:50.520 --> 0:18:53.119 Dartner is because previously he'd sort of tried to wedge 0:18:53.160 --> 0:18:54.720 the government and Donald Trump said, oh, I could have 0:18:54.800 --> 0:18:57.320 got a better deal, and he's been accused of being 0:18:57.359 --> 0:18:59.920 a bit like Trump himself, rightly or wrongly, fairly unfair, 0:19:00.440 --> 0:19:04.440 but that sticks, and the worst Trump is the worse 0:19:04.520 --> 0:19:05.880 it is, I think for Peter Dunn. 0:19:06.840 --> 0:19:08.160 Yes, it's definitely interesting. 0:19:08.320 --> 0:19:11.879 I think a few people would have been exhaling a 0:19:11.960 --> 0:19:14.960 sigh of relief actually with this baseline of ten percent 0:19:15.080 --> 0:19:18.359 when you see how high some of the tariffs are 0:19:18.840 --> 0:19:21.000 on the other nations which we just had on the 0:19:21.080 --> 0:19:25.119 screen earlier. Some of these are extortionate and targeting some 0:19:25.280 --> 0:19:29.359 of the poorest countries, So you really do wonder what 0:19:29.560 --> 0:19:32.159 the heck's going on there and what effect that's going 0:19:32.240 --> 0:19:35.920 to have on their economies, given that there are many 0:19:36.000 --> 0:19:39.480 of them poverty stricken nations as it is. So I 0:19:39.600 --> 0:19:42.200 do think Australia is getting off light here. We'd already 0:19:42.280 --> 0:19:46.440 been told that we weren't going to be exempt, and 0:19:46.560 --> 0:19:49.280 even the farmers, from what I've read today, are breathing 0:19:49.320 --> 0:19:52.040 a sigh of relief, saying, look, ten percent we can 0:19:52.240 --> 0:19:55.160 live with, and what we can't live with we can 0:19:55.280 --> 0:19:59.760 find other markets. And due credit to Albanzi, he's acted 0:19:59.840 --> 0:20:04.080 very swiftly on this today, announcing a response package, including 0:20:04.160 --> 0:20:09.280 fifty million dollars to pursue other markets for those sectors 0:20:09.359 --> 0:20:12.240 that are like, Okay, well we're really screwed now, we 0:20:12.400 --> 0:20:15.399 need to find other places to sell our product to. 0:20:15.680 --> 0:20:19.920 But I learned something today that the largest Australian export 0:20:20.000 --> 0:20:21.640 to the US is meat products. 0:20:21.960 --> 0:20:23.440 We made four billion off. 0:20:23.400 --> 0:20:26.719 Them just last year alone. I had no idea they 0:20:26.840 --> 0:20:28.200 loved our meat that much. 0:20:28.440 --> 0:20:30.920 Well, so they should. It's a bit since thing. I 0:20:31.080 --> 0:20:34.520 heard an interview overnight. I couldn't sleep this morning, I 0:20:34.600 --> 0:20:36.720 should say not last night. I was up at five 0:20:36.800 --> 0:20:39.359 in the morning listening to an interview on two GB 0:20:39.520 --> 0:20:43.320 of as you are a farmer, who was talking about. 0:20:43.240 --> 0:20:46.160 How big the export market is for our meat. 0:20:46.240 --> 0:20:48.840 And the fact that it's actually become nigh on impossible 0:20:48.920 --> 0:20:52.119 to sell your product locally because all the avatars have 0:20:52.280 --> 0:20:56.080 been bought up by big multinational congloberates that get the 0:20:56.200 --> 0:21:01.000