Before I go on I’d like to let you all know that I understand that today’s decision by the RBA will really hurt a lot of you, and assure you that we’re working as quickly as we can to make things better for everyone.
The problem is that taking over the government is kind of like buying a house that’s been renovated a few times. When you do all the inspections the place looks pretty good, but after you move in you find that every thing’s been done on the cheap, the back room doesn’t meet council regulations and the guttering leaks all over the French doors as soon as it rains. To say that the last years of the Howard government were like a bad reno is being generous, they were more like a half done job slapped together by a dodgy builder who’d been featured on Today Tonight.
But regarding today’s rate rise, although it’s entirely Howard and Costello’s fault, we’re doing everything we can to put downward pressure on interest rates. I even took the step of calling Glen Stevens personally to let him know that I didn’t think that rates should go up. We had a frank exchange, I hate to admit it but I lost my cool and started ranting at him, which is completely out of character for me, but he just stayed on the line laughing at me and talking about Reserve Bank Independence and a whole load of other voodoo economic nonsense.
So that’s where we’re at Australia, Wayne is working the treasury department like it’s an eighteenth century poor house, everyone’s coming in on the weekends until we can turn this around. Just remember, everything would have been worse if the other guys got back in.