#cashrate — Public Fediverse posts on home.social

RaymondPierreL3 @[email protected] · 2026-09-29 · 10:03 UTC

I am starting to fall out with the Guardian, and if it keeps this sort of shit up, it won't see me reading it for much longer. Patrick Commins reports on the #RBA #CashRate hike decision as **palming off blame somewhere else**. That, in itself, is a journalistic error. The RBA and the Treasurer are bang on about putting the blame for inflationary pressures on #tRump 's desastrous war for which we are paying in price increases (and stagnant wages).but if that wasn't enough #Commins then quote the hopelessly self-contradictory #TimWilson blaming govt spending for the inflation figures, a cause specifically rejected by #Bullock during her presser. And then Commins leaves it hangin there, without so much as a retort -- parroting #LNP nonsense as if there's nothing to dispute.

--Quote
Already grumpy with the state of the economy and high living costs, a rate rise is the latest blow to household finances and to the popularity of a Labor government that is increasingly on the nose with voters.

Tim Wilson, the shadow treasurer, has no doubt what drove today’s rate hike.

“The key thing we need to do to address the problem of inflation is to get government spending down,” Wilson said.

It wasn’t helpful that Monday’s final budget outcome showed federal spending as a share of the economy has reached its highest since the mid-1980s, leaving out the pandemic.
--Unquote

That Mr Commins **is not journalism** go back to school, do not pass go, do not collect....

PS. I'm not linking because it's shite.

#TheGuardian #Inflation #AusPol

#rba #cashrate #trump #commins #timwilson #bullock