It’s not just Blair MP Cameron Thompson citing interest rates as a “positive” for the Coalition.
I for one like, really like this interest rate rise. I am most certainly not sorry that the official rate has risen to its highest point since mid-1996…
I like it because of what it tells us about the state of the Australian economy — rocketing along at a pace even healthier than just a year ago.
By almost any measure you care to take, Australians in general are indeed better off than ever. In fact, the most astonishing thing about this election is that Howard is about to be junked despite an economic record he could bronze and hang in his study with pride. Take it from me, Howard can’t believe it himself.
Employer groups yesterday backed the Prime Minister’s claim, saying Labor’s approach to industrial relations could trigger a damaging and inflationary breakout on wages.
Update: Ms Ove at the GG:
Now interest rates have gone up for the sixth time since the last election, and for the first time in an election campaign.
That’s very good news for Howard. He’s just not allowed to say so.