House debates

Thursday, 12 December 2013

Questions without Notice

Economy: Fiscal Policy

2:46 pm

Photo of Bob KatterBob Katter (Kennedy, Independent) Share this | Hansard source

In light of Ford's and Holden's announcements, the closure of all copper processing in northern Australia and collapses in WA wheat, Victoria dairying and northern Australia's sugar and cattle, would the Prime Minister acknowledge that, if Mr Keating and Mr Costello had continued with the free-floating dollar at 49c and 52c respectively, all these sectors would have grossed 50 per cent more income and would be now prospering and not collapsing? Would the Prime Minister not agree that this disastrous policy is continuing, with RBA interest rate settings of 2.5 per cent and the OECD average of 2.2 per cent? (Time expired)

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