"Sir John Howard" <pmjwhowardj@[EMAIL PROTECTED]
> wrote in message
news:49464a52-7fa1-419e-bb0f-2b49388b6fba@[EMAIL PROTECTED]
> Rate rise 'a double blow'
>
>
http://www.smh.com.au/news/national/rate-rise-a-double-blow/2008/03/04/1204402433439.html
>
> The Prime Minister, Kevin Rudd, said today's 0.25 percentage point
> interest rate rise was a "double blow for the family budget" following
> on from a rate rise last month.
>
> He said he knew it would make the family budget harder to manage.
>
> As Prime Minister he took responsibility for good and bad news and
> this was "bad news" but it was decided by the independent Reserve
> Bank.
>
> [Just as well he's taking the blame because its his fault!]
>
> At a press conference in Canberra, Mr Rudd pledged to push ahead with
> the planned July 1 tax cuts, increase to the child care tax rebate and
> measures to improve housing affordability to help families cope.
>
> Mr Rudd promised to "fight the fight against inflation" but said there
> was "no silver bullet" and it would take a long time to fix the
> inflation problem.
>
> The Reserve Bank said it had increased official rates to 7.25 per cent
> to "contain and reduce inflation".
>
> The Treasurer, Wayne Swan, said customers would "treat banks harshly"
> if they passed on excessive increases to customers.
>
> He said the Government was making it easier for people to switch bank.
>
> -----------------------
>
> Yeah, and a fat lot of good that's going to do. Useless labour
> ****heads!
Yep. There's no point in switching banks when they all do the same thing.
