Treasurer Jim Chalmers is sitting on his hands while the RBA is causing massive pain to young people and mortgage holders and deliberately risking a recession, the Greens say.<\/p>\n\n\n\n
\u201cJim Chalmers and Wayne Swan are making noise about high interest rates, but Labor is giving the RBA free rein to crash the economy and punish Australians,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
\u201cIf Labor really cared about people being smashed by rising rates, they\u2019d stop siding with the RBA and use the power they have to bring down interest rates.\u201d<\/p>\n\n\n\n
\u201cBy not only refusing to do anything to change course, and actively trying to water down his own power to intervene, Jim Chalmers is showing he is happy to let the RBA send Australians to the wall.\u201d<\/p>\n\n\n\n
\u201cLabor could introduce a super-profits tax to take the pressure off inflation, but they\u2019re too busy protecting their corporate mates.\u201d<\/p>\n\n\n\n
\u201cLabor is more interested in letting the big corporations make out like bandits than in using its power to stop this looming recession. It\u2019s reckless and morally indefensible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Treasurer Jim Chalmers is sitting on his hands while the RBA is causing massive pain to young people and mortgage holders and deliberately risking a recession, the Greens say. \u201cJim Chalmers and Wayne Swan are making noise about high interest rates, but Labor is giving the RBA free rein to crash the economy and punish … Continue reading “Labor Letting the RBA Crash the Economy”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-28936","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/28936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=28936"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/28936\/revisions"}],"predecessor-version":[{"id":28937,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/28936\/revisions\/28937"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=28936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=28936"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=28936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}