John Howard had a bit to say about interest rates in the Liberal Party campaign launch speech on 26 September 2004.
"My friends, we all prize the financial security of our families. Let me say this, and it's not just my view, but it's a view frequently expressed to me as I move around this country talking to Australian families. Nothing threatens that security more directly than the prospect of rising interest rates. Rising interest rates dominates everything else when it comes to family security. Just a tiny upward movement in interest rates more than devours a few dollars of taxation relief or additional family benefits. There is no economic credential for office more crucial than a capacity to keep interest rates low."
Two sentences in particular deserves repeating - "Rising interest rates dominates everything when it comes to family security. Just a tiny upward movement in interest rates more than devours a few dollars of taxation relief or additional family benefits."
The Prime Minister is singing a different tune this election. Apparently tax cuts now miraculously take care of any financial pain caused by interest rate rises and family security hardly gets a mention.
One of the saddest things about this change in campaign attitude between 2004 and 2007 is that Howard obviously thinks average voters are such gullible fools that we wouldn't notice.
John Howard's 2004 campaign launch can be found at:
No comments:
Post a Comment