It is funny how Howard can control interest rates when they go down, but it is market forces when they go up.

Did anyone notice that petrol in Qld is about 8c a litre cheaper (No state petrol excise) Then deduct 36c a litre excise plus about 14c GST.

22c a litre to state govts. 28c a litre to federal govts.

Wouldn't a cut in excise instead of income tax cuts have been less inflationary? But Johnny and his mates are the great economic gurus aren't they?

IT makes no diffrence,time after time academics have written,their version of why it is so,in this case,it concerns interest rate rises,but from a laymans point of view,the voters have been conned for the best part by John Howard,ever since he was elected to govern Australia,look back on hid record of promises backflips,and for every one,he made excuses,the last budget was supposed to be the best for all Australians?and the economy was good and improving,and that things will just get better and better,these words spoken by both John Howard and Peter Costello,with the assurance that my government will do everything in its power,that the prosperity,under the Howard government will continue,what now,John Howard now has become a prophet,saying that interest rates is going to rise,because of the general increase of the world market prices,Peter Costello,now says voters should scout around for cheaper rates,but replay his speech when he delivered the budget?in fact no worries fellow Australians,you have a government that has a big surplus,and things will just get better and better,and will not return to the bad days when the ALP was in government,now John Howard,blames Paul Keating?bananas,bananas,and the price of oil?Peter Costello now urges peopleto scout around for cheaper rates,what a contradiction,and then there is John Howard joing George Bush,in their terrorist invasion of Irag,and saying that he had a" mandate?"from the voters,wrong,a rough guess,nearly 63%,of Australian voters,did not vote for that mandate,he also promised the battlers that his government will imptrove their living standards,none of this has taken place,he did a dirty on the workers,by selling their rights,to BIG BUSINESS,this is the John Howard ,that said,all Australians will be better off with him as our Prime Minister,those that were sucked in and conned,and voted for the Howard Government,are to be blamed for,what is now,an Australia that benifits the well to do,and the 5% ELITE that are the main people,that John Hoard,and his policies,have created,the poor and the battlers,are just second class citizens,of the LUCKY COUNTRY,this does not even include the Aboriginal nation,they still just remain outcastes,in the land that they are the true and legitimate owners of

Karsoon you should familiarize yourself with a literary device known as the "paragraph". Millenia ago writers discovered that text separated into logical units was more readable than undigested blocks of the author's stream of consciousness.

There is no logic to the claim that the interest rate must go up because of the increase in the petrol prices... Why

If you hit your foot with a fallen object.. is that a good reason for hitting it harder...

What is basicly being stated is... you are idiots.. now that we have drained some money off you for fuel, which has made life extremely difficult for those at the bottom of the wages bracket, we will now really bury you , for no valid justifiable reason..

And as far as the idiot who stated that he was retired and regarded borrowing was something it scoffed at as a form of weakness, perhaps he should pull his head out of his rectum and see what real life struggle is all about..

If there were no borrowers, you would have no income for your interest rates you idiot.. then no income for you, you would have to keep working..

That is... if ever you had to work at all..

Mr Bean,
Did you get your information from Malcolm Turnbull.
The housing rate rise has been over dramatised.
It is only a quarter of one percent.
So what has petrol gone up by?
About 33percent. Well gee that is only 132 percent of a quarter of one percent of a interest rate rise. Wow all the world is about drama, drama, and drama.
It's nothing really, it's only money.
I wonder if water rates will go up.
How about Council rates.
How about food prices.
House prices will come down.
How about inflation. Yes going up, up, up, up ,up, up, and up.
When all is factored yes the people will vote for John Howard.

Mr Bean

Check out the Morgan Poll published on the same day you wrote this crud.

ALP Jump Ahead With Electorate Focused On Interest Rates And War In Middle East

Finding No. 4062 - August 04, 2006

The latest Morgan Poll shows a jump in Labor support with the ALP leading the L-NP 53.5% - 46.5% on a two-party preferred basis. The Morgan Poll was conducted with the electorate focused on the pending interest rate rise from higher than expected inflation figures, Opposition Leader Kim Beazley’s plans to expand Labor’s ‘three-mines’ uranium policy, and the intense violence that has gripped Israel and Lebanon in recent weeks.

Primary support for the L-NP was 40% (down 5%), ALP 42% (up 5.5%)