House debates Matters of Public Importance
Economy
Michael McCormack Riverina, National Party
3:42 pm
This is a matter-of-public-importance debate on the Albanese government's addiction to spending, forcing higher inflation and higher interest rates, with families paying the price on their mortgages and at the supermarket checkout. I listened very carefully to the member for Fenner's contribution, and he knows in his heart of hearts that he cannot keep defending the Treasurer; in fact, he should be the Treasurer, and he absolutely knows it. He's an economist, he's written books on this and he's very learned on the subject. But if the member for Fenner's commentary about the economy is true, then why oh why, everywhere you go, everywhere anyone goes in Australia, are people doing it so tough? Why is small business in freefall? Why are there 30 small businesses closing their doors each and every day? Why was last year a record year, so sadly, so tragically, for insolvencies? Why, every time you go to the fuel station, are you paying more and more at the bowser? Why are you going to the supermarket and getting less in your trolley and paying more at the register? Why, every time people are opening their power bills, are the costs going north? It's just too much.
The member for Fenner talks about the EU trade deal. We have to have a trade deal that is in Australia's national interest, not just in the European Union's interest—in both interests. But this deal does nothing for Australian farmers. If I'm mistaken, then why is the NFF coming out so hard against it? Why are farmers per se pillorying the deal? The coalition does not support the Australia-EU free trade agreement in its current form. It fails to deliver meaningful export access. What it is is a back door through which to give up our sovereignty over climate policy. We cannot sign a deal on behalf of our farmers and on behalf of our miners that is going to be a bad deal and not as good a deal as it should have been. This is the whole thing about Labor. In March, when Labor was going to go back to the negotiating table, it came out with a deal which is no better than what it was months and months ago. So why sign up to it?
If everything is so pink and rosy in Australia, why does this government have to continually bail out every enterprise, every manufacturer, that is using a lot of energy? Why is the country's largest aluminium smelter costing taxpayers $2½ billion, with the New South Wales and federal governments going to split the bill down the middle? The member for Newcastle—sorry, I mean the member for Hunter. You're the member for Newcastle, Madam Deputy Speaker Claydon. I won't verbal you; you're in the chair. The member for Hunter—I'll just verbal him!—knows full well that the government has had to come in and bail out an industry that should be standing up on its own two feet and that should be thriving. Aluminium and the smelter—everything should be going absolutely full bore. Instead, because of the failings of the Labor government, we have to put in a bailout—
The state government—it's another Labor government! You can talk about the state government all you like.
No comments