6 Nov. 2007

Australia's Greatest Treasurer Got It Wrong, Wrong, Wrong

774 ABC Melbourne presenter Jon Faine says a couple of months ago he asked Mr Costello why the Coalition had not called an early election to get the campaign out of the way before the Reserve Bank decision.

Mr Faine says Mr Costello's answer surprised him.

"He looked me in the eye ... and said 'there will not be a rate rise in November, take it from me'," he said.

"I said, 'You might be right, you might be wrong, but you're prepared to punt on it?' And he said 'there will not be a rate rise in November'.

"Wrong, wrong, wrong."
One would assume that Costello told Howard exactly the same thing, which is why Howard delayed the election so long. So when Howard loses the election and Costello does not take over the keys of the Lodge, we'll all know why. Greatest treasurer? Pig's arse!