Brendan Nelson – INSERT FOOT HERE:
“And now the Reserve Bank is in a position, in looking forward, where it is so concerned about the state of the Australian economy that it’s forecasting there may be room to reduce interest rates in the future.”
I understand that he has to attempt to criticise the Government and look for a line of argument that works, but did it not occur to him that some people might hear that and think, “I’d quite like lower interest rates right now”? And if he was trying to drum up fears of the ‘Rudd recession’, the phrase “there may be room to reduce interest rates in the future” really doesn’t get the job done. Serious boneheadedness.