This is what Australian politics has been reduced to.
Shameless, disgraceful, bombastic lies.
From shameless, disgraceful, bombastic liars.
Assistant Treasurer David Bradbury was interviewed on DMG Radio today, by journalist Glenn Daniel.
Daniel challenged Bradbury on his shameless, disgraceful, bombastic lies regarding Joe Hockey’s observation on what lowering of interest rates really means for the current state of the economy.
An observation that even Fairfax newspapers’ “PolitiFact” FactChecker says is correct:
Mr Hockey is right. The Reserve Bank is cutting rates “not because the economy is doing well, it’s because the economy is deteriorating”. That’s always why it cuts rates.
Listen to the interview here — and try to keep all hurlable objects out of arms’ reach as you do so.
This is the ASSISTANT TREASURER of the nation you are listening to.
Barnaby Is Right 
I think he’s just dumbass stupid. How could anyone say low interest rates could be welcomed by the public, unless those people were hopelessly deep in debt. Still I wonder what Howard meant when he said interest rates will always be lower under a liberal government. Can anyone explain how that could be a good thing? I wouldn’t be surprised if Black Vans were seen outside Glenn’s residence after exposing Bradbury as a person hopelessly outside his centre of expertise.
It means Howard was a fraud, because interest rates were not only not low, but mostly rising. Keep in mind too that most of the current Liberals were there with Howard.
As for David Bradbury, I can assure you he didn’t get the job because he’s competent.
While on the subject of shameless, disgraceful, bombastic liars [hypocrites].
http://kangaroocourtofaustralia.com/2013/08/04/kevin-rudd-therese-rein-and-their-company-ingeus-ltd-the-obeids-of-the-federal-government/
Does anyone in politics NOT have their snout in the trough???
Maybe Barnaby!!
Our economy is deteriorating because China has slowed slightly but more they are looking for energy/resources that are not controlled by our western banking industrial complex. China wants both security of supply and cheaper prices. NATO wants contain them in Africa ,however I doubt that they will effective.
The other factors are our indebtedness, the sale of the Commonwealth Bank and the wasteful spending of Labor. When our productivity gets expressed as debt by private OS banks, our economy gets starved of the medium of exchange.
Reducing interest rates only inflates our already over valued housing market. This put us all in a a more precarious position. I fear our housing collapse will happen within 2 yrs.
I am particulalry concerned by Rudd’s comments that he wants to keep interest rates as low as possible. Err. how is Europe and the US going with there official interest rates hovering just above zero? By his logic he plans to put Australia into a depression.
I think what Howard was referring to is the situation where conditions are fairly normal.
Now that conditions have reached the situation where major economies have zero interest rates and are actually tempted by negative rates, as our economy approaches those rates, the situation is altogether different.
The very lowest rates are a signal of failure.
Even Abbot won’t repeat what Howard said. It was silly lies then that Howard resorted to. It’s a race to the bottom now for many nations to keep the wolves from the door as they are bankrupt and keen to keep rates low and inflation high (credit creation) to devalue debts and get more taxes.
Anyhow with rates so “low” not too many of us would feel too confident to borrow at 6% as you need a job to pay it off. (I don’t feel too confident in that area being in Mining construction.)