Look at that quote from August, 2004. The PM didn’t say interest rates wouldn’t rise. He asked “Who do you trust to keep interest rates low?” And what he asked before then may be even more relevant. He asked “Who do you trust to keep the economy strong?”

Inflation may be up. Interest rates may be about to go up. But it still seems – just look at yesterday’s Newspoll — that Australians believe the Coalition are the better economic managers.

According to Newspoll, they believe John Howard is the better economic manager by a margin of 48 to 33%. Ironically, that’s just one point less than the gap in the two party preferred vote. That has Labor 16 points ahead.

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Will the two cancel each other out? Will a rates rise – or the threat of a rates rise – make voters stick with the devil they know? The theory has been around for a while. It might just be the last rabbit. A rabbit with myxo, but a rabbit nonetheless.

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Australia has spoken. We want more from the people in power and deserve a media that keeps them on their toes. And thank you, because it’s been made abundantly clear that at Crikey we’re on the right track.

We’ve pushed our journalism as far as we could go. And that’s only been possible with reader support. Thank you. And if you haven’t yet subscribed, this is your time to join tens of thousands of Crikey members to take the plunge.

Peter Fray
Peter Fray
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