1 00:00:00,080 --> 00:00:02,680 Speaker 1: Michael Riddell, who appears on the show Fairbet, has put 2 00:00:02,680 --> 00:00:04,840 Speaker 1: the Adrian Or resignation back in the news. Now he 3 00:00:04,880 --> 00:00:06,960 Speaker 1: has a source, he claims close to the action that 4 00:00:07,000 --> 00:00:09,240 Speaker 1: in simple terms suggests that what really happened was that 5 00:00:09,280 --> 00:00:11,520 Speaker 1: all pact is sad at a couple of meetings, one 6 00:00:11,520 --> 00:00:13,760 Speaker 1: of which was Worth Nikola Willis, the chair of the 7 00:00:13,880 --> 00:00:16,040 Speaker 1: rb Neil Quigley wrote to War with a list of 8 00:00:16,040 --> 00:00:19,520 Speaker 1: concerns over that behavior and therefore or quit. The underlying 9 00:00:19,560 --> 00:00:21,800 Speaker 1: issue appears to be the fact the government were determined 10 00:00:21,840 --> 00:00:24,239 Speaker 1: to cut the Reserve Bank's budget, which ultimately, of course, 11 00:00:24,239 --> 00:00:27,280 Speaker 1: they were successful in doing. Why Because, like everything else 12 00:00:27,360 --> 00:00:29,760 Speaker 1: under the Labour government, too much money was spent, things 13 00:00:29,760 --> 00:00:31,960 Speaker 1: blew out and the Reserve Bank had wandered off into 14 00:00:32,000 --> 00:00:33,920 Speaker 1: new and expensive areas that didn't need to be in 15 00:00:34,280 --> 00:00:38,000 Speaker 1: the main point being essentially what we thought happened did 16 00:00:38,400 --> 00:00:41,080 Speaker 1: Adrian Orr has a short vieus, a fairly elevated sense 17 00:00:41,080 --> 00:00:43,879 Speaker 1: of entitlements and importance and didn't like what was unfolding, 18 00:00:43,920 --> 00:00:45,720 Speaker 1: which is fine. Didn't have to like it, and if 19 00:00:45,760 --> 00:00:47,600 Speaker 1: he disliked it so much he could have walked, which 20 00:00:47,600 --> 00:00:50,599 Speaker 1: he did. But here is where this is important. He 21 00:00:50,600 --> 00:00:53,519 Speaker 1: held a critical role in all our lives. People in 22 00:00:53,600 --> 00:00:56,760 Speaker 1: jobs like that need to be exemplary, exemplary and execution 23 00:00:57,120 --> 00:01:00,400 Speaker 1: exemplary in person. He wasn't. He was a failure, which 24 00:01:00,440 --> 00:01:02,440 Speaker 1: then takes us back to how he got the job. 25 00:01:03,840 --> 00:01:07,960 Speaker 1: Grant not only did robertson a point or he reappointed him. 26 00:01:08,240 --> 00:01:12,000 Speaker 1: Bad people make bad decisions, and those bad decisions go 27 00:01:12,120 --> 00:01:15,280 Speaker 1: on to have consequences. By way of contrast, what do 28 00:01:15,280 --> 00:01:17,560 Speaker 1: you reckon? The pressure on Jerome Powell is right now? Eh? 29 00:01:18,080 --> 00:01:20,479 Speaker 1: Is Powell yelling and packing as sad as Powell going 30 00:01:20,520 --> 00:01:22,360 Speaker 1: to quit in a massive Hessy fit and vanish from 31 00:01:22,360 --> 00:01:24,240 Speaker 1: the face of the earth without a word. I got 32 00:01:24,280 --> 00:01:26,360 Speaker 1: a dollar with anyone who wants it that The answer 33 00:01:26,360 --> 00:01:29,400 Speaker 1: to that is no. Maybe your doesn't give a monkeys. 34 00:01:29,400 --> 00:01:31,640 Speaker 1: Maybe your is that sort of bloke so inflated and 35 00:01:31,680 --> 00:01:35,280 Speaker 1: mesmerized by himself he's well passed any reputational reflection. Maybe 36 00:01:35,280 --> 00:01:37,959 Speaker 1: Grants too. But the damage still sits in our bank 37 00:01:38,000 --> 00:01:41,160 Speaker 1: accounts and rates bills, an economic funk to this day. 38 00:01:41,520 --> 00:01:45,240 Speaker 1: The bloke who stuffed the joint packed us sad stormed out, 39 00:01:45,440 --> 00:01:47,600 Speaker 1: never to be heard from again. It is a sad 40 00:01:47,640 --> 00:01:50,200 Speaker 1: indictment on a role and influence that should have been 41 00:01:50,200 --> 00:01:53,000 Speaker 1: handled a great deal more elegantly and with a mile 42 00:01:53,400 --> 00:01:57,520 Speaker 1: more professionalism. For more from The Mic Asking Breakfast, listen 43 00:01:57,600 --> 00:02:00,520 Speaker 1: live to news Talks at BE from six a m. Days, 44 00:02:00,760 --> 00:02:02,800 Speaker 1: or follow the podcast on iHeartRadio