Episode Transcript
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Speaker 1 (00:00):
Right. Oh, let's go to Australia. Steve Price, very good
morning to you.
Speaker 2 (00:03):
Good Ada.
Speaker 1 (00:04):
Now, poll, what have we got, give me some numbers.
Speaker 2 (00:07):
Well, this is a Redbridge Pole. Now I would just
caution people. We know how the polls we have gotten
so wrong in the United States election, so we just
need to be careful because we're in that frenzy period
pre election where everyone's polling everyone else. But Redbridge has
been pretty consistent. And this poll shows that the mood
of the country is that it's headed in the wrong direction.
Now that's very bad news for Anthony Albanezi. It founded
(00:31):
half of all voters think we're going the wrong way,
compared to less than a third who think it's on track.
But and this is the interesting point, many of those
surveyed are Labour's traditional blue collar base. These are the
sort of people you know that walked away from the
Democrats in the US election. It seems, and I'm not
saying it will happen, it seems that the same sort
(00:53):
of mood is a foot in Australia right now. Redbridge
Pole found only six percent six of Australian agree strongly
that the government has focused on the right priorities, twenty
five percent strongly disagree, Fifty two percent either disagree or
so strongly disagree with the idea of the Albanesi Government's
got the right focus. So it's all about what the
(01:14):
government is focusing on. You can take that all the
way back to the defeated referendum on the voice. But
energy would be the other question that I think where
people are starting to get very nervous, and we'll talk
about that in a sect. Fewer than one in three
people viewed the government's priorities positively, so this will be
yet another wake up call to Albanezi and the timing
(01:38):
of an election. You know, I know I keep going
back and forward on this, but I just think he's
going to probably run full term now.
Speaker 1 (01:45):
I believe he has to because he's waiting for the
Reserve Bank. The resume Bank aren't going to move till May.
And the question I'm interested in how Trump esk does
doesn't become.
Speaker 2 (01:56):
Not completely trump ess, but he's going to go a
fairway down that track, particularly on things like energy, immigration,
and tax cuts. That's where he will go. Will he
do something like the tariff question we saw yesterday, or
(02:17):
will he do something like, you know, completely shut immigration
levels down, though he won't see.
Speaker 1 (02:23):
I was reading the Deloitte Access Economics people came out
the other day and Marles said he's going to run
a deficit of twenty eight billion. They reckon it's going
to be closer to thirty four. So they're not running
the economy right. So the people are right. I mean,
the people are always right, but I mean you can't
argue with their economic performance. It's pretty ordinary.
Speaker 2 (02:42):
Yeah, And Charmers has going to have an end of
year economic statement will be put out about where the
numbers fall, and then he's promising to do a budget
in March. If he is to do that budget, that
same report you refer to to Lloyd, it's looking like
a forty nine billion dollar turn around in budget numbers
from surplus to deficits. So that's not a very good
(03:04):
message to be taken to an alleg I was.
Speaker 1 (03:06):
Reading early this morning and I did look up the
forecast around Australia. It didn't seem that hot because the
headline was you know, brace yourself, there's a heat wave,
YadA yady YadA, And I looked on it. But Sydney's
heading for.
Speaker 2 (03:16):
Forty well, I'm sitting in Melbourne and not know if
you can hear it, but it's pouring with rain here Sydney.
Western Sydney is headed for forty today and the head
of the Australian Energy Market Operator a EMO, it's called
warned that if it gets to forty then we could
have problems with power threats and you could get blackouts.
Now is this just you know, hyperbol or is it
(03:39):
actually going to happen? I mean, seriously, forty degrees is
not particularly hot for Western Sydney, but apparently there's a
lot of maintenance being done on three of the states
four coal fired power stations. That coal is still a
backbone of energy in this country. No one should no
one should think otherwise. I mean, yesterday in Melbourne it
(04:00):
was a very foggy morning and there was absolutely no wind.
Airport was even shut for a while because of fog.
Eighty percent of Melbourne's electricity, and I looked this up
was being delivered by brown coal and the other fifteen
percent was coming from gas, so you had ninety five
percent from non renewables. What happens when those non renewables
(04:22):
are not there, The lights are going to go out exactly.
Speaker 1 (04:26):
We've got the same problem. One of the things I
don't envy you about Australia. There's a lot I love
about Australias, you well know, but the cost you pay
for cars in Australia is ridiculous. And I'm assume it's
a tax related thing, is it.
Speaker 2 (04:41):
Well, there's a luxury car tax which shouldn't exist, and
the only reason that was ever introduced was to protect
the local car industry. When we made.
Speaker 1 (04:47):
Holds before, you don't have one.
Speaker 2 (04:49):
We don't make them anymore. So I don't know why
the electric car tax is still there. I know you're
a huge fan of electric vehicles. You'd be pleased to
know that dealer in Australia can't sell the electric vehicles
that are valued at seventy five thousand and over. Now
what are those? Well, the top ranked teslas are in
(05:09):
that bracket. You've got BMW, you've got Mercedes, you've got Vulger.
The reason they can't sell them is the country's about
to be flooded by cheap Chinese electric vehicles. So anyone
who's gone, oh well I might buy an EV, I
might not. So what you're going to have, which I
find really fascinating is you're going to have wealthy suburbs.
Think about the eastern suburbs of Sydney or the Inner
(05:32):
East in Melbourne are going to be flooded with expensive
electric vehicles. But normal folk are going to go, well, no,
I'll go and buy thirty thousand dollars Chinese electric vehicle.
So you're going to have this great divide depending on
where you live and what your income is as to
what people are driving in electric vehicles. We're going to
have something like two hundred different types of Chinese electric
(05:54):
pickles on the market.
Speaker 1 (05:55):
Children, you're going to have to change. I don't know.
People have got their hit around. I've seen it on
this program any time. But when you buy a carr
and it's particularly applicable in Australia because the residual value
in a car in Australia is way higher than it
is in New Zealand. But you're going to get this
flood of stuff. It's like buying a fridge. When you
buy a fridge, it's three weeks later, it's worth nothing.
You just run it till it's broken, then you toss
(06:16):
it out. And that's what is going to happen to
a thirty thousand dollars Chinese EV.
Speaker 2 (06:19):
Isn't it exactly what's going to happen with a Chinese ev?
You're right, you're buying something like your Apple iPhone that
eventually the battery gives up on you and so Apple
forces you to go and by another one. Well, that's
exactly what's going to happen to let you be Because
by the way, the rental car was a Yaris Cross
and I booked it yesterday.
Speaker 1 (06:38):
No, I think would you pay for.
Speaker 2 (06:40):
It three seven hundred dollars a day Australian not I
think twelve days or something. It it's very expensive.
Speaker 1 (06:51):
It is expensive. Where are you sending these people you
don't want in Australia because I assume you followed the
UK and the Italian story and you're going straight to court.
But where are they sending them and how much you're
paying these people to take them?
Speaker 2 (07:02):
Well, this is an issue that I don't think is
completely agreed upon. Yet we've cut immigration levels mainly through
foreign students. That's what we're doing. So the idea that
you would actually pay another country, we've already been doing that.
I mean, you might remember in Kevin runs time that
he stitched up and deal with Malaysia so that any
(07:24):
illegal boat arrivals would be rehoused in Malaysia. Well, not
one person ever went there. They all ended up on route.
So I just don't see a skin like that.
Speaker 1 (07:32):
Would Okay, mate, go well, catch up next week, appreciate it.
A modo is the one I was talking to see
price a modo. I think of my saying that, right,
you know this Chinese manufacturer and they've got a car
in the country, a couple of cars in the country,
couple of versions of the car in the country, and
they've got a big sale on at the moment, and there,
you know, I can't remember what the price was, thirty
thirty five grand something like that, but you know, what
do you think you're going to sell that for in
(07:54):
five or six years?
Speaker 2 (07:55):
Time for more from the Mike Asking Breakfast, listen live
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