Another interest rate rise
Well, interest rates have risen by another 0.25% making it the highest in 5 years.
The irony is that people are blaming the government. now I'd be the last person to defend the Howard Government, I think that the Howard Government has been a dangerously ideologically driven government that has paid no heed to ethics and the greater common good in the pursuit of their economic rationalist objectives, but the truth of the matter is that the Government is not to blame.
The issue comes back to the promise from the last election that "under a Howard Government, interest rates would remain at record lows", what no one seems to be mentioning is that this was a stupid promise in the first place, and that the Australian public were gullable for believing that the government was able to fulfill that kind of a promise.
Even more rediculous is that the opposition refuses to point out that this was a promise that could not have been kept, probably because they want the Australian voting public to view this as another Howard broken promise, and to think that maybe a labor Government could do better, so that they stand a chance of actually winning the next election.
I think the whole problem comes down to the vast majority of Australians having a certain amount of political apathy such that they'll be swayed by vague promises of financial security that have no real substance, if they're shouted loudly enough to them just before an election. C'mon Australia, it's time for something better, lets inject a bit of realism into the political debate, it's time to get involved NOW, not one month before the next federal election.