This has got to be the worst government we have ever had

@ChristopherVickers

2 ай бұрын

This is the worst one.... yet

@Bowl_Of_Chicken_Soup

2 ай бұрын

You actually believe what he says, don't you? You've just been brainwashed into forgetting what has happened in the past. This guy just lied to your face, saying it's the worst it's been since the 90s. Interest rates were as high as 4.75% in 2011 and 7.25% in 2008. Do you know what it was at the end of 1999? 4.75 to 5%. How about 2000? 5 to 6.25%. And WTF are you on about "This has got to be the worst government we've ever had" Either you are to young to know or too old and forgot, but the previous governments have tried burning the country to the ground, made 1/3 of the population loose their jobs and homes from incorrect information resulting in many deaths, repeatedly tried to sell Australia off to overseas company's and destroy it natural habitats, destroyed the manufacturing powerhouse Australia once was, allowing the worlds largest aquifer to be contaminated by reckless corporations; do i really need I go on? You are what's wrong with Australia, just a shell with Murdoch oozing out of every pore, I doubt you actually know anything about Australias past financial and political situations besides what these talking heads puke into your ears. Please read something, don't just rely on a biased media's rhetoric, think on your own for once in your life. You think a misguided referendum and a interest hike is the worst it has been?

@jeffreysureejamie2547

Ай бұрын

Agreed

@Bowl_Of_Chicken_Soup

Ай бұрын

Not even close, you idiots forget about Scomo have you.

This putrid government is 100% responsible

@Kev42501

2 ай бұрын

What about the “putrid” governments both labor but mainly liberal and the RBA that kept interest rates at around 1% for close to a decade or both governments that pumped billions of dollars in to the economy during covid. Why did the Morrison government kick the can down the road in housing affordability? This mess has developed over a decade… maybe stop listening to these pork chops on sky news and the likes of Alan Jones and actually come up with an original thought 😂

And they think Charmers will replace Albo, what a joke.

Labor state and federal seem to love blaming others

@robn2497

2 ай бұрын

its not just labor, liberal party does the same thing. But labor do a much better job at blaming people after coming up with non-sense policies. Case in point Daniel Andrews pandemic policies, which trashed the ecomomy. Paying people to NOT work generates inflation. Small government with less power is the solution.

@vincentcacciola7161

2 ай бұрын

Chris Minns is a do nothing premier he ain't even got the guts to tell alblozo enough with immigration

Rba blames us, the pollies blame the rba, we blame the pollies and the rba, end of the day, they stuff up and we are still forced, by threat of imprisonment, to pay for this tyranny. Wish i could screw up this bad at my job, and then get a payrise and a guaranteed better job.

When I try loan 50 billion they say we can't for my own safety. But the government can get 100 billion and put me in danger and say it's for my own safety.

Albo doing a fantastic job for wef/china

@alexfagyas9342

2 ай бұрын

Yes, you are right exactly. All left socialism government are following the WEF LEADERS ORDERS. Unfortunately Albanese don't care for Australian people.

Labor not taking responsibility. Imagine my shock.

Since when have the Labor party ever had balanced books?

@trg9765

2 ай бұрын

Never. Wait then they are voted in and there is an existing surplus. It DOSEN'T last long.

@deandouglas8784

2 ай бұрын

@@trg9765 Exactly 💯

Albanese’s responsible for causing this crisis and he failed to do anything for two years wasted on the voice then ‘insert dramatic track here’ flies in to ‘save the day’ in his red cape, and sadly, a large portion fall for it!

I hope people take note and remember for a long time how Labour “run” this country!!!

@trg9765

2 ай бұрын

Unfortunately THEY WON'T

@Bowl_Of_Chicken_Soup

2 ай бұрын

And liberals tried to burn the country to the ground and forced people to lose their jobs. Both parties are fucked.

@ozzyace71

2 ай бұрын

I’ll definitely remember! Oh by the way Mr gray you forgot the “i” in “ruin” 😂😂

Home mortgages should be just that nothing to do with the economy ,therefore if the government spending should be separate and they are responsible for there part in ruining the country!

So, the bank has no responsibility for clients safety of the repayments and damages the client may cause economicly? Lend me 50 billion then.

Dim Jim….absolutely zero education in the financial sector….yet he’s somehow the treasurer of an entire country. Remember, he’s not qualified to do your tax return.

@neilmcfarlane7013

2 ай бұрын

Underrated comment

3rd party banking. What an economic mess.

Australians shouldn’t vote 🗳️ for labor ever again !!!!

@user-jc2ts8ol8l

2 ай бұрын

That's crazy, so we can have even worse outcomes? Lmao. You are on the internet, you can see political history, and you can see that everything liberals do, end up causing massive issues for the general population.

Albo & Chalmers had 9 yrs opposition, they had plans ? Wtf , nfi ..Albo didn't know unemployment rate, cash rate etc..ffs..😮

Phillip Lowe explained his frustration that while he was trying to put the breaks on in the first half of inflation cycle.The Government had its foot on the gas pedal. He clashed with Chalmers and Chalmers in the end used him as an escape goat. FACT

The ALP are pulling themselves.

@georgekordis4268

2 ай бұрын

Yes in more ways than one especially at mardigras.

I need 50 billion for my own safety.

Cost of living =$2 plus for diesel and 25% transport fuel levies that Albo created

@user-yw1rp4rj4u

2 ай бұрын

Lol........Fuel levies have been in for year's before Albo.....

@VK4VO

2 ай бұрын

@@user-yw1rp4rj4u Not at 25 to 30%,,, much less before Albo took away the subsidy for transport. Anyhow it doesn't matter, what matters is transport costs are thru the roof, something they could fix but choose not too and inflation on basic neccessity goods is becoming a luxury to many. If you can't see that goods are becoming unsustainably too high then you are part of the problem too jerkwad.

Everyone but the Labor government fault

Exactly how is the Gov supposed to "solve" the cost of living crisis? When businesses in the last 3 years were ramping up massive profits through raising prises. If people are suffering financially it's because wages have not kept up with real inflation, and the people have run out of money..... But businesses say they cannot afford wage rises that keep up with inflation let alone real inflation.

@WoodysOpinion101

2 ай бұрын

It is not as simple as you make it out to be, and that is more dishonest...😂

They blame Israel for the war and have never uttered hamas' responsibility in starting it. Why is everyone suprised?

@WoodysOpinion101

2 ай бұрын

Because it was going on way before hamas did anything😂

That is what they have done all along. So what is new

The message is extremely salient, unfortunately it's falling on deaf ears, the majority of people in Australia are either ideologically captured and refuse to listen to the likes of Murray or they're incurably apathetic, they live by the Aussie credo of "She'll be right." when in fact it's "We're fuct!"

Do not under rate Albo he wants our super. When inflation keeps rising. Our national debt will give him ammunition to take it.

The only joke is that the Liberals kept interest rates low for too long by leaning on the RBA. Where is Frydenberg now? It is a litany of disasters. Australia needs new political parties!

they got rid of philip low because he wasnt labor....so albanese replace him for a labor member

No More Millionares , Billionaires waiting to be Trillionaires at the cost of the money pool

We probably are burning too much fossil fuel Greta and it does cost a lot,however sitting in the middle of the road only raises awareness of stupidity

@WoodysOpinion101

2 ай бұрын

You're a fossil 😂

start with the NDIS every man and his dog is on it ???? 3x the Military Budget!!!

RBA is solely responsible for causing inflation by keeping rates too low for too long. The government is in charge of fiscal policy and RBA is to ensure currency and price stability. Interest rate kept at near zero for a number of years is madness and a disaster waiting to happen. On top of that our record profit making banks were given low interest loans from RBA during the 'pandemic'. Now we have a big dam of money feeding into inflating the property market. How are Australians going to afford million $ homes. Banks are so willing to lend to home buyers who could hardly afford to buy. The rising property market will force them into buying and they will be the first to suffer at the next recession. RBA governor has many investment homes. Is this not conflict of interest.

during the scomo era the RBA did print 1/2 a trillion dollars from thin air and kept the interest rates low to make scomo look good so yes they are the primary reason for the current issues

its a fiat problem

RBA did as both the Government & Banks wanted .......not in the interest of the people. 😡

Yes the cost of living: 1. House prices setting records. 2. Record vehicle sales. 3. Record attendance at the Melbourne GP. 4. Record AFL crowds. 5. 3.7% unemployment. 6. Very strong exports. I could go on, but basically the economy is roaring.

the only thing that will lead to cheaper prices at the checkout is deflation, oh and emerson is a dill

hidden taxes, on fuel and other things are the main cause of inflation.

Irresponsible Govt behavior will always lead to more pain from RBA, not the other way

FALSE FALSE FALSE

@rhyno1740

2 ай бұрын

Government troll.

Petrol tax is not even covering road repairs, let alone new Infrastructure.

The RBA can be held as guilty as it can, but refuses to, declare the government responsible for high interest rates. The RBA can at any time hold a press conference and detail what the government needs to do.

The RBA's own mandate is screaming at it to raise interest rates much higher from here. There will be no rates cuts without a massive recession.

Goverment waste and spending is driving inflation. People are spending less now than when "stimulus " was required

Thanks for explaining this.

The biggest problem with the ecomony is greasy albo and the wingnut chalmers. I do not believe a word that comes out of either of their mouths and add that disgrace wong too it aswell, she has no bloody idea either.

Australian didn’t have to end up like this We were so far away from world Problems and resource rich We could have had it so much better but politicians and greed have ruined this country No way would I have kids now to grow up on this country The Australia we grew up with has been killed out They have sold off all our land and resources and government buildings Yet the roads are falling apart the schools are underfunded and the hospitals aren’t running properly etc We are still very lucky globally and the above is still very high standards but the money is not going to the public Why we ever allowed international investors to buy our property is beyond me

The interest rates are only going down to 3.9% by December 2024!?!? Are they for real?? Jeez

Well Philip Lowe is to blame. He should have advised the Morrison government to not be so wreck less with their fiscal monetary policy

Albanese aye? Another incompetent bureaucrat. 🤦🏻‍♂️

If you want to know how much Labor Party cares for Australia, it goes the rest of the world,the sewer line, care factor for Australia

Actually this is 100% government responsibility as they could have increased corporate taxes to reduce taxes and interest rates for middle class where they screw every cent they can possibly get out of them.

100% correct!

Government makes 14/15 billion off alcohol excise.... 14billion off tobacco excise. 8 billion off petrol excise... and they cant help economy housing utilities borders. Yet they can find money to help other countries...

The sad part of all this. Who is doing anything to stop them. Both sides are as bad as each other.

The only solution will be higher interest rates, to break the economy. All industry’s that can bring Australia to its knees are demanding ridiculous pay increases, particular the public service sector. I was charged $330 for a speech to see my 5 year old for 45 minutes(NDIS) It’s the poor and the rich now. Increase interest rates and a 50% death tax on investment properties is the only way to give the future generation of a chance of ever owning a property (Japan managed to stop the rot in the 80s) I’m afraid this will not be the case here.

I blame Albo & Charmers for all the problems mentioned

Hang on Paul, our major supermarket chains own and control ALL of the transport related to their trade as well! So they make ALL of the profit on that as well!

Banks have also reported record profits in recent years, even during the pandemic, I'm sure there is no correlation to the RBAs interest rates rising.

I will not vote labour but it was when Lowe said in 2002 that interest rates would stay low for the whole of the next year and the rates went up many times that year that Lowes position as head of the RBA should have ended even sooner than it did

instead of flogging this "dead horse" of petrol tax how about pontificating on the 1m plus empty homes in Australia, many used for "land banking" by overseas investors. How much inflation is this creating esp in the housing and rental market flowing through into cost of living ??

In vic public servants get one off payment 5600.

Jamie diamond JPMorgan today stated he was very surprised bond rates were not 8%

Howard sold Australia's gold reserve😢

36% of budget is welfare -- what a joke!!

How about the population stop buying these expensive houses if your feeling the pinch that’s because you put yourself in that spot! I don’t feel a pinch actually I’m better off because my savings makes more money. So if you’re drowning in debt well that’s your problem and the banks. Of course a bail in may be on the cards so in the end it’s the taxpayers problem my problem and your minds grandkids problem

Albo wont be in charge for to much longer.🤨

Well is not just ALP this is been happening since early 2000's . Australians fixation with interest rates is remarkable ,but the main with housing is nothing to do with the banks and mortgage raters. Personal income/affordability and new housing development is on the lowest points since 1940's . If you look for who is at fault you can easily blame Keating and Howard governments who ignored a very basic principal of social economics demand and affordability. Canada, UK and parts of US are in the same boat which is no surprise western style of monopoly/capitalism have no place in modern society.

Yeh they fired Philip Lowe and nothing has changed. Government is still over spending which is adding to inflation. Government spending is the only reason we didn’t enter recession last quarter. But that’s only going to add more to inflation

Can Sky News talk about real estate agent commission? They made a huge amount of money. We should all push to cut their commission since the house price has gone up substantially. Will this help to reduce house prices too because sellers pay less to the agents???

They didnt help because of them many aussies are paying and extra 2k per month interest.

Both the RBA, federal and state governments, ‘The previous Liberal government during Covid shutdown’. and present labour federal Government are 100 percent to blame. Passing the blame game on landlords and suppliers is wrong. Landlords would not need to raise rents as much as they have been, if there mortgage was not currently 6-8 percent for investment property.

We are always chasing the tail ... cost increases -》inflation - 》inflation linked salary increases -》cost increases ... the cycle goes on. We need more competition , govt and politicians must spend less on themselves, wage control for high earners, super profits tax for large corporations and do away with nice to have govt spending ..

The Coalition won't touch petrol tax. We're in a cost of living crunch engineered by the RBA to lower inflation. The RBA is an independent body. Lowe erred by announcing interest rates will be put on hold before raising it 13 or so times. He had lost credibility and had to go. Inflationary pressures are still ongoing so interest rates are on hold. With the upcoming tax breaks, free child care and interest rates expected to lower this year, the outlook is a little brighter. Australia is fairing well compared to other economies which are in full blown recession. At least they're responding by setting up enquiries. Give it a rest Murray. Your Coaltion buddies are in trouble with no policies except going nuclear.

Please relax everyone, soon you will all feel no more pain

Yet when the Libs do nothing it is the RBA's fault. Spin on mate.

The RBA shouldn’t exist

Nah bro this governtment and previous are responsible

Typical ALP mentality, never admit anything, never make mistakes, never take responsibility, avoid transparency and it’s always, always someone else’s fault.

35% goes to welfare. About time a strong leader gets this country moving and contributing!! Middle class pays all the god damn tax

The government today can make a change immediately but unfortunately they do not have the political will to take responsibility, blaming game will only change the outcome of next Election, then very important immigration policies to bring in skilled labor to save the building and construction industry now will be put on back burner.

Yet you go too an auction on a property and nothing but foreigners outbidding Aussies. Govt and RNZ are the same thing to me. Both share responsibility for their shit economies, fighting off crashes to keep the boom going

what was it 400 mill on yes vote!

More jobs for their mates.

I'd trust Dim Jim Charmless about as much as a dodgy curry.

Wishful thinking 😂the first thing they did hey raised their salary!

Lets insist coal and gas companies are taxed more than 1%! We could have the best system in the world with a focus on health, education and reduce homelessness. Its basic ROI to have housed, healthy amd working tax payers.

Ha. One minute they don’t do enough, the next minute what they do is inflationary. Stop sniping to try and build a talking point. It’s very thin.

They're all one and the same chico

Super markets will just pass the costs of the fines onto the consumer. Supermarkets have to keep making profit. That’s capitalism. If they aren’t making profit there’s no point in opening

magician slight of hand

Make it thee recession we have to have, just as I di - Paul Keating makes it clear he had no clue then and still doesn't know any better now, charmers is anything but charming with his lying rhetoric

Scapegoat for the🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑

Bring Dutton in and built nuclear power plants.

Aww, come on Grim Jim. You've not the income to improve the cost of living. It's bad priorities stopping cost of living. Put a ban on private jet expenses, wasteful referander. Luxury travel arrangements that ALBO ,BOWEN, WONG luxuriate in. Luxury way above their level of competence demands. As for travel, with a company car I worked under the rule,if it's less than 4 hours travel to drive DRIVE. After all,to use in the course of fulfilling your work responsibilities is why that car is provided. OVER THE that Apply for right to book on a commercial flight. And, I wasn't driving a plus $100k car. And I actually DID answer any the phone CALL WHILE " I WAS IN THE CAR TO TRAVELING "

😇

Paul makes the assumption everyone has a 6 figure mortgage While I feel sorry for current generation I wen through the 17% era. i am now in retirement and after several years of getting nothing for my deposits I am now getting something to help with the cost of living we do not live in a perfect world

@nightrider322

2 ай бұрын

Did you buy a house at a quarter of what they cost these days, did you pay 200k or 800k which is average price these days

@georgekordis4268

2 ай бұрын

​@nightrider322 exactly 17 percent intrest rate where housing was around 80 to 100k unlike today where allot of suburbs are in the mill range get with reality pal.

@Deano00777

2 ай бұрын

@NotConvinced-tb2ydnot an option for everything. I’m a pilot, need to live within 30 mins of a major airport. Should I move to Cloncurry to buy a house???

@Deano00777

2 ай бұрын

@NotConvinced-tb2yd Sure. I’ll rent near the airport for life.

@georgekordis4268

2 ай бұрын

@NotConvinced-tb2yd nothing's easy when you got sheep constantly voting lab or lib housing was allot more affordable back then than what it is today.

Anal, sorry Albo is the best PM ever. LOL

No sh!t Sherlock