TONY Abbott has staked out his first campaign battleground, claiming $47 billion in spending cuts he is promising would lead to lower interest rates and help families with the cost of living.
But Julia Gillard immediately retorted that the Opposition Leader was mimicking John Howard's 2004 promise "Who do you trust to keep interest rates low?" which preceded six rate rises.
"Haven't we heard this from the Liberal Party before and does everyone remember what happened afterwards?" Ms Gillard said in Brisbane.
"Gee whiz, Tony Abbott must think everybody in Australia was born yesterday."
Mr Abbott visited the five-bedroom home of a friend of the new state Liberal MP for Penrith to open his campaign, claiming his government would introduce policies to enable the Reserve Bank to lower rates.
Mr Abbott offered no new policy on his first day on the trail, except to reaffirm a government under him would make swingeing cuts.
http://www.couriermail.com.au/news/national/prime-minister-julia-gillard-mocks-tony-abbott-on-interest-rates/story-fn5z3z83-1225893590437
Further interest rate rises are INEVITABLE - no matter who is in government
A move away from artificial, emergency lows indicates a further recovery from GFC effects
I'll be interested to see how the "we will keep interest rates low" encore will play out in the next polling of the electorate
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