CBA passes on full RBA cut after ANZ defies Frydenberg
CBA has passed on the full 0.25 percentage point cut, while ANZ has challenged the government with only a partial reduction
In an interview with the ABC today, we could clearly hear Josh Frydenberg doing a Donald Trump. He gave the Liberal Party credit for its responsible budget and coupled it with tax cuts claiming a package of an extra $3000 per year to make out it was his doing and part of his package. The RBA is totally independent of the Government, and the rate cut had nothing to do with his budget. He then removed himself from the ANZ and said just that. However, it boils down to what he is saying now is the Australian economy hadn't improved and wasn't as good as it was under Labor as was their slogan this election.
Jobs are up not because of the LNP but are up because 1.2 plus immigrants arrived in Australia in the 6 years they have been in power. Had their argument for reducing it occurred back then they'd be stuffed. Unemployment dropped as a % of a larger population and even if employed those that are have been shown time and time again not to have been achieving a living wage. So in Trump terms, Frydenberg was providing us with Fake news and fake data. The LNP haven't achieved anything.
The treasurer like Trump claimed the FTA with China when, in fact, all Andrew Robb did was ride on the work the ALP put in to set up the framework and agreement that only required a signature. Yes the LNP rode on the backs of the work that was already there.
Infrastructure spending there was none unless you call infrastructure blackmail over the Vic government to the tune of $3bill no actual spending was done. They gave money back to Education they took away hardly spending. They have done the same to the ABC, and they took a wrecking ball to the NBN.
However, now that interest rates have been cut and money is cheap they are promising spending can you believe that they have stopped playing Liar's Poker with the assistance of News Corp and the IPA? They claimed they have reduced CO2 emissions but refuse to release the yearly report.
They spent $80 mill plus on sloganeering and Australia you were TRUMPED
A plea to Labor – don’t abandon us - » The Australian Independent Media Network
A plea to Labor – don’t abandon usThe surprise of the nation at the re-election of the Coalition government…
Before Labor lurches to the right in a fit of appeasement to chase votes in Queensland and those of homophobes, they should realise that 41.47% of people voted for the four parties that make up the Coalition. The combined Labor and Greens vote was 43.7% of the country.Don’t abandon us.
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