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September 6, 2004
NO.079
LATHAM’S CARDBOARD GUARANTEE IN TATTERS
On Thursday Mark Latham signed a large piece of cardboard emblazoned with
huge lettering: “LABOR’S LOW INTEREST RATE GUARANTEE”.
Today on Business Sunday Simon Crean stated that Mr Latham had made no
such guarantee:
Journalist: Mr Latham this week signed a ” Low Interest Rate
Guarantee”. How can you guarantee something that’s not up to you
to deliver?
Crean: But this is up to us to deliver. The question of the interest
rate level is not up to us to deliver, that’s the Reserve…
Journalist: But that’s what that was…it was a “Low Interest
Rate Guarantee”.
Crean: No
it’s not.
Journalist: …It was a “Low Interest Rate Guarantee”. There
was no ’we will promise to put pressure for low interest rates.’ It was
a “Low Interest Rate Guarantee”.
Mr Latham’s cardboard guarantee has been exposed by his economics spokesman
as a flimsy fraud.
MELBOURNE
5 September 2004