1 00:00:00,280 --> 00:00:04,440 Speaker 1: Murriold's Ossie correspondents with that Amas, very good afternoon, Eaver thanky. 2 00:00:04,480 --> 00:00:07,320 Speaker 1: So what's going on with the Nationals. Well, it's a 3 00:00:07,320 --> 00:00:09,640 Speaker 1: bit of the case of the tail wagging the dog. 4 00:00:09,720 --> 00:00:12,200 Speaker 1: I mean the last election they were flogged, not the 5 00:00:12,320 --> 00:00:14,760 Speaker 1: Nationals per se. The Nationals in fact hung under their 6 00:00:14,840 --> 00:00:19,680 Speaker 1: nine seats. But when I explained that, the Liberals, even 7 00:00:19,720 --> 00:00:23,240 Speaker 1: though they were absolutely creamed by Labor, they've still got 8 00:00:23,280 --> 00:00:26,680 Speaker 1: in the low thirties. So it's very much the tail 9 00:00:26,760 --> 00:00:29,920 Speaker 1: wagging the dog, or attempting to here after every election. 10 00:00:31,160 --> 00:00:33,960 Speaker 1: The coalition agreement which has survived in its current form 11 00:00:34,000 --> 00:00:36,520 Speaker 1: I think since the Second World War. It's been around 12 00:00:36,520 --> 00:00:38,320 Speaker 1: for about one hundred years. They've had a couple of 13 00:00:38,400 --> 00:00:45,160 Speaker 1: three breakups previously. So after the election shellacking, the deal 14 00:00:45,240 --> 00:00:48,960 Speaker 1: that holds them together was to be renegotiated. Well, David 15 00:00:49,000 --> 00:00:51,199 Speaker 1: little Proud, hang on a second, we've hung under all 16 00:00:51,200 --> 00:00:54,400 Speaker 1: our seats, you clowns. The Liberal Party have lost so many. 17 00:00:54,760 --> 00:00:58,279 Speaker 1: Labour's got ninety three seats in the House, the Coalition 18 00:00:58,400 --> 00:01:01,360 Speaker 1: forty three. It's a fifty seat Argent. So anyway, the 19 00:01:01,440 --> 00:01:05,000 Speaker 1: Nationals went end of the talks with Susan Lee who's 20 00:01:05,040 --> 00:01:07,720 Speaker 1: the new Liberal leader, of course, the first female Liberal leader. 21 00:01:08,280 --> 00:01:10,679 Speaker 1: And they said, well, have I guess what we've done? 22 00:01:10,720 --> 00:01:15,080 Speaker 1: Pretty well? We want more representation on the shadow ministry 23 00:01:15,520 --> 00:01:18,120 Speaker 1: front bench. We want some of our policies to be 24 00:01:18,280 --> 00:01:22,360 Speaker 1: drafted in as coalition policy, namely, for example, met zero, 25 00:01:22,560 --> 00:01:25,039 Speaker 1: scrap that by twenty fifty. And by the way, we 26 00:01:25,120 --> 00:01:29,120 Speaker 1: really love nuclear reactors. Well, Susan Lee said, excuse me, 27 00:01:29,680 --> 00:01:31,520 Speaker 1: there's the door. Don't let it bang on the bum 28 00:01:31,560 --> 00:01:34,120 Speaker 1: on the way out. So David little browd stood up 29 00:01:34,120 --> 00:01:36,720 Speaker 1: there like a bandam rooster going cluck cluck, cluck, cluck cluck. 30 00:01:37,080 --> 00:01:39,240 Speaker 1: I mean, he's just there. He's been plucked, he's got 31 00:01:39,240 --> 00:01:41,720 Speaker 1: no feathers to fly with, and he's got his bully 32 00:01:41,959 --> 00:01:44,560 Speaker 1: bully boys and girls behind him. It's just a farce. 33 00:01:44,959 --> 00:01:47,960 Speaker 1: It's a complete fast. I think both sides are forgetting 34 00:01:48,680 --> 00:01:51,360 Speaker 1: that neither can govern without the other. I mean, that's 35 00:01:51,400 --> 00:01:54,720 Speaker 1: just the bald facts of political life over here. So 36 00:01:54,720 --> 00:01:56,880 Speaker 1: the sooner they get back in bed, the better. How 37 00:01:56,880 --> 00:01:59,440 Speaker 1: do you see what the RBA has done, Yeah, they have. 38 00:01:59,800 --> 00:02:02,360 Speaker 1: The below US has been now the official cash rate 39 00:02:02,400 --> 00:02:05,160 Speaker 1: in Australia for two years. Since May twenty twenty three. 40 00:02:05,520 --> 00:02:07,920 Speaker 1: It's the second cup this year by the Reserve Bank 41 00:02:07,960 --> 00:02:10,600 Speaker 1: of Australia. The cash rate now, the official interest rate 42 00:02:10,639 --> 00:02:13,760 Speaker 1: in the country is now three point eight five percent. 43 00:02:14,120 --> 00:02:17,240 Speaker 1: Every economist was tipping it was going to be exactly that. 44 00:02:17,639 --> 00:02:20,760 Speaker 1: Very welcome news obviously for Australian mortgage holders and for 45 00:02:20,800 --> 00:02:23,080 Speaker 1: the government which wants to get the economy moving along 46 00:02:23,200 --> 00:02:26,040 Speaker 1: while keeping a decent, you know, a tight rerain on inflation. 47 00:02:26,800 --> 00:02:28,720 Speaker 1: There are other factors that play as well that would 48 00:02:28,760 --> 00:02:33,680 Speaker 1: have been factored in by the Reserve Bank and the governor. 49 00:02:34,000 --> 00:02:37,880 Speaker 1: You've got things, you know, the American China upheval, what's 50 00:02:38,120 --> 00:02:41,239 Speaker 1: you know, the global trade situation, what's that going to 51 00:02:41,280 --> 00:02:43,800 Speaker 1: be like? And they're also the interest rate on ten 52 00:02:43,880 --> 00:02:47,040 Speaker 1: year government debt in the United States that's rising four 53 00:02:47,040 --> 00:02:50,080 Speaker 1: percent a minute ago, now four and a half. How's 54 00:02:50,120 --> 00:02:52,480 Speaker 1: that going to impact world trade and the world economy. 55 00:02:52,520 --> 00:02:54,160 Speaker 1: So there are many many balls up in the air 56 00:02:54,240 --> 00:02:56,840 Speaker 1: over here. But suffice to say it's a modest cup 57 00:02:56,880 --> 00:03:00,560 Speaker 1: if you've got a standard mortgage and great optics the government. 58 00:03:00,760 --> 00:03:03,360 Speaker 1: How stoked do you reckon elbow? Is that the Pope 59 00:03:03,360 --> 00:03:08,200 Speaker 1: has blessed as beads. Only a lot those that rosary 60 00:03:08,240 --> 00:03:11,160 Speaker 1: belonged to his mum. Oh is it? And oh yeah? 61 00:03:11,200 --> 00:03:15,079 Speaker 1: And I mean his mum, Mary Anne, a lifetime Catholic, 62 00:03:15,160 --> 00:03:17,920 Speaker 1: very devout. I'm I'm sure young Elbow was all that devout. 63 00:03:17,960 --> 00:03:19,680 Speaker 1: He was raised by his mom, as we all know it. 64 00:03:19,680 --> 00:03:23,520 Speaker 1: A government in a state, a state government flat in Sydney, 65 00:03:24,040 --> 00:03:27,480 Speaker 1: and for him to be there not only at the 66 00:03:27,520 --> 00:03:31,040 Speaker 1: papal the first papal mass with Pope Leo, but then 67 00:03:31,080 --> 00:03:33,520 Speaker 1: to be granted a private audience that wasn't given to 68 00:03:33,560 --> 00:03:36,840 Speaker 1: every world leader, and then to have the hutzpah or 69 00:03:37,480 --> 00:03:39,839 Speaker 1: you know, the humility to say, listen, while I'm with you, 70 00:03:40,440 --> 00:03:42,720 Speaker 1: these are my mum's rosary beads. Would you bless them 71 00:03:42,720 --> 00:03:45,120 Speaker 1: for me? Please? And the Pope, being the good sort 72 00:03:45,160 --> 00:03:46,960 Speaker 1: of guy that he is, he said, of course, and 73 00:03:47,000 --> 00:03:49,360 Speaker 1: so he's blessed them. So I'm sure Anthony Eldeneasy, the 74 00:03:49,360 --> 00:03:52,520 Speaker 1: Australian Prime Minister, is very very happy. Indeed, I bet 75 00:03:52,560 --> 00:03:55,320 Speaker 1: he's absolutely Thank you mothers always, it's Murray Old's are 76 00:03:55,360 --> 00:03:59,760 Speaker 1: Australia Corresponds. For more from Hither Duplessy Allen Drive listen 77 00:04:00,280 --> 00:04:03,120 Speaker 1: to news talks. It'd be from four pm. Weekdays, or 78 00:04:03,160 --> 00:04:05,240 Speaker 1: follow the podcast on iHeartRadio