The Prime Minister blitzed the media today selling the first interest rate cut in four years, telling voters Australia is heading in the right direction. He also dismissed opposition claims that it's too little too late.
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00:00A cup of tea with a couple of constituents set to benefit from their first ever interest
00:12rate cut.
00:13I think 115 a month, which is great, just that peace of mind that it is going down.
00:19That's the message the Prime Minister's hoping disgruntled voters will hear.
00:23These have been difficult times.
00:26Australians had to endure COVID and then the impact of global inflation.
00:30But what we are seeing is that we're heading in the right direction.
00:33For many Australian families, this will be too little, too late.
00:38The very strong indication from the Reserve Bank Governor is we're not going to see a
00:42lot of rate cuts.
00:43The nation's newspapers also striking a cautious tone, clearly irking a treasurer banking on
00:50a rate cut to boost Labor's fortunes.
00:52I think the Liberal Party and their cheerleaders in the media were really disappointed when
00:57rates were cut and we see that reflected in the commentary.
01:00For such a highly anticipated announcement, met with cheers inside the Labor Party, you
01:05can perhaps understand the treasurer's frustration.
01:08On the eve of an election and trailing the Coalition in all published opinion polls,
01:13Labor's hoping this interest rate cut will act as a circuit breaker and give the party
01:18all important momentum as it heads into the campaign.
01:22Hello?
01:23The major parties aren't the only ones getting ready.
01:26Good morning everybody.
01:27Gone is the United Australia Party, enter the Trumpet of Patriots, a mouthful even for
01:32its leader.
01:33Do they want to vote for the Trumpet of Patriots?
01:36The party's registered and plans to run candidates at the election.
01:40The party believes in the policies of Donald Trump.
01:43At the last election, Clive Palmer spent $123 million to get one UAP Senator elected.
01:50But it was in 2019 when his millions made their mark, funding an anti-Labor advertising
01:57blitz that contributed to Labor's shock loss.
02:01People are entitled to run, but it's a distortion of democracy when you have an individual spending
02:06$100 million on a campaign.
02:10A great disruption Labor could do without.