Joe Hockey says politics is not a popularity contest
Whether it’s a well-founded concern or just politicking, the federal opposition seems to be focusing its efforts on the economy – or in this case, the government’s inability to manage it properly.
Shadow treasurer Joe Hockey, though, denies it’s a popularity contest, saying the state of the economy is a very clear and present danger for all Australians. The government, Hockey warns, should stop spending unnecessarily, and instead show support to the smaller players by supporting the very market that is blamed for the mess we’re in.
“We want the Australian economy to perform well. And it’s not popular for us to oppose handing out cheques for $900, but we do it because we believe in it. If you’ve got too much debt, someone is going to have to pay, and it’s the Australian people who are going to have that massive burden.”
- Joe Hockey, shadow treasurer
Peter Switzer caught up with Hockey to get the finer details on his highly-controversial call to resurrect the securitisation market for non-bank lenders.
Watch it now on Switzer TV.