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Dim Tim - Your Opposition Treasurer (Read 372 times)
Vic
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Dim Tim - Your Opposition Treasurer
Jul 30th, 2026 at 1:02pm
 
"Tim Wilson's Inflation Confusion Embarrasses Himself and the Liberal Party
Watching ABC Afternoon Briefing, it was difficult not to shake your head as Liberal MP Tim Wilson claimed that inflation in Australia is "getting worse."
The numbers tell a very different story.
Australia's annual inflation rate has fallen from 4.6 per cent to 3.8 per cent. That does not mean prices are falling—they are still increasing—but they are increasing at a slower rate than before. That is precisely what economists mean when they say inflation is coming down.
Yet Tim Wilson appeared to argue the exact opposite.
It raises an obvious question: does Mr Wilson genuinely misunderstand one of the most basic concepts in economics, or is he hoping viewers won't notice the difference? or he just doesn't understand economics.
For someone who presents himself as an economic spokesperson, confusing a declining inflation rate with inflation "getting worse" is an extraordinary mistake. It is the sort of claim that invites ridicule rather than confidence.
The irony is hard to ignore.
The Coalition government, of which Mr Wilson was a member, left office when inflation had surged to almost 7 per cent. Australians remember that period all too well, with soaring prices, supply chain disruptions and rapidly rising living costs.”

National Herald

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Captain Nemo
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Re: Dim Tim - Your Opposition Treasurer
Reply #1 - Jul 30th, 2026 at 1:17pm
 
Am I correct to observe that the inflation figures were "artificially" lower because of the reduction in the fuel excise (which is ending next week)?

So if the full fuel excise had been in place, inflation would most likely have been higher than the figures announced yesterday. No?
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Vic
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Re: Dim Tim - Your Opposition Treasurer
Reply #2 - Jul 30th, 2026 at 1:33pm
 
Captain Nemo wrote on Jul 30th, 2026 at 1:17pm:
Am I correct to observe that the inflation figures were "artificially" lower because of the reduction in the fuel excise (which is ending next week)?

So if the full fuel excise had been in place, inflation would most likely have been higher than the figures announced yesterday. No?



Who knows Captain - we can only go on what we know.   Had you been correct I am sure Dim Tim would have raised it. No?
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Captain Nemo
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Re: Dim Tim - Your Opposition Treasurer
Reply #3 - Jul 30th, 2026 at 1:59pm
 
I don't think Dim Tim is smart enough to drive the point home.  Grin
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Re: Dim Tim - Your Opposition Treasurer
Reply #4 - Jul 30th, 2026 at 2:09pm
 
Unleaded 91 jumped from $1.67 to $2.06 in just the last 2 weeks in my area.
They've already started the hike.
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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.
 
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Vic
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Re: Dim Tim - Your Opposition Treasurer
Reply #5 - Jul 30th, 2026 at 9:58pm
 
Jasin wrote on Jul 30th, 2026 at 2:09pm:
Unleaded 91 jumped from $1.67 to $2.06 in just the last 2 weeks in my area.
They've already started the hike.


Wow Jas, where are you located?   Unleaded and 98 are still around 1.80 but diesel has gone up 60c.  (Mornington peninsula in VIC).
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Grappler Racist Filth
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Re: Dim Tim - Your Opposition Treasurer
Reply #6 - Jul 31st, 2026 at 11:50am
 
Vic wrote on Jul 30th, 2026 at 9:58pm:
Jasin wrote on Jul 30th, 2026 at 2:09pm:
Unleaded 91 jumped from $1.67 to $2.06 in just the last 2 weeks in my area.
They've already started the hike.


Wow Jas, where are you located?   Unleaded and 98 are still around 1.80 but diesel has gone up 60c.  (Mornington peninsula in VIC). 


$2.29 here yesterday.
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Gnads
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Re: Dim Tim - Your Opposition Treasurer
Reply #7 - Jul 31st, 2026 at 1:04pm
 
Vic wrote on Jul 30th, 2026 at 1:02pm:
"Tim Wilson's Inflation Confusion Embarrasses Himself and the Liberal Party
Watching ABC Afternoon Briefing, it was difficult not to shake your head as Liberal MP Tim Wilson claimed that inflation in Australia is "getting worse."
The numbers tell a very different story.
Australia's annual inflation rate has fallen from 4.6 per cent to 3.8 per cent. That does not mean prices are falling—they are still increasing—but they are increasing at a slower rate than before. That is precisely what economists mean when they say inflation is coming down.
Yet Tim Wilson appeared to argue the exact opposite.
It raises an obvious question: does Mr Wilson genuinely misunderstand one of the most basic concepts in economics, or is he hoping viewers won't notice the difference? or he just doesn't understand economics.
For someone who presents himself as an economic spokesperson, confusing a declining inflation rate with inflation "getting worse" is an extraordinary mistake. It is the sort of claim that invites ridicule rather than confidence.
The irony is hard to ignore.
The Coalition government, of which Mr Wilson was a member, left office when inflation had surged to almost 7 per cent. Australians remember that period all too well, with soaring prices, supply chain disruptions and rapidly rising living costs.”

National Herald




You seem to have made up your mind that you will vote for a return of more of the same & an extension to 12 years of Labor failure & economic mismanagement.  Roll Eyes
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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais
 
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Gnads
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Re: Dim Tim - Your Opposition Treasurer
Reply #8 - Jul 31st, 2026 at 1:05pm
 
Jasin wrote on Jul 30th, 2026 at 2:09pm:
Unleaded 91 jumped from $1.67 to $2.06 in just the last 2 weeks in my area.
They've already started the hike.


It did that within 2 days here.

Highest for diesel  240.9c  Caltex
Lowest for diesel   221.9c  Atlas

Highest for 98  226.9c  Caltex
Lowest for 98   203.9c  Atlas

Highest for 91   199.9   Caltex
Lowest  for 91   179.9   United
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« Last Edit: Jul 31st, 2026 at 1:18pm by Gnads »  

"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais
 
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thegreatdivide
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Re: Dim Tim - Your Opposition Treasurer
Reply #9 - Jul 31st, 2026 at 1:25pm
 
Captain Nemo wrote on Jul 30th, 2026 at 1:17pm:
Am I correct to observe that the inflation figures were "artificially" lower because of the reduction in the fuel excise (which is ending next week)?


Possibly; but the silly part about the current inflation rate in Oz is the monetary policy the RBA utilizes  to control it.

Raising interest rates by the RBA won't lower the high price of fuel in Oz which is caused by the war in Iran. 

Quote:
So if the full fuel excise had been in place, inflation would most likely have been higher than the figures announced yesterday. No?


Correct (because bowser prices would have been higher) but neither the treasurer nor the RBA (least of all Dim Tim)  understand inflation has specific causes which need to be addressed - not by lifting interest rates which only hurt borrowers more, while lenders laugh all the way to the bank.
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« Last Edit: Jul 31st, 2026 at 1:31pm by thegreatdivide »  
 
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Vic
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Re: Dim Tim - Your Opposition Treasurer
Reply #10 - Jul 31st, 2026 at 3:23pm
 
Gnads wrote on Jul 31st, 2026 at 1:04pm:
Vic wrote on Jul 30th, 2026 at 1:02pm:
"Tim Wilson's Inflation Confusion Embarrasses Himself and the Liberal Party
Watching ABC Afternoon Briefing, it was difficult not to shake your head as Liberal MP Tim Wilson claimed that inflation in Australia is "getting worse."
The numbers tell a very different story.
Australia's annual inflation rate has fallen from 4.6 per cent to 3.8 per cent. That does not mean prices are falling—they are still increasing—but they are increasing at a slower rate than before. That is precisely what economists mean when they say inflation is coming down.
Yet Tim Wilson appeared to argue the exact opposite.
It raises an obvious question: does Mr Wilson genuinely misunderstand one of the most basic concepts in economics, or is he hoping viewers won't notice the difference? or he just doesn't understand economics.
For someone who presents himself as an economic spokesperson, confusing a declining inflation rate with inflation "getting worse" is an extraordinary mistake. It is the sort of claim that invites ridicule rather than confidence.
The irony is hard to ignore.
The Coalition government, of which Mr Wilson was a member, left office when inflation had surged to almost 7 per cent. Australians remember that period all too well, with soaring prices, supply chain disruptions and rapidly rising living costs.”

National Herald




You seem to have made up your mind that you will vote for a return of more of the same & an extension to 12 years of Labor failure & economic mismanagement.  Roll Eyes


Not at all.   I vote for whomever in my electorate that I feel will look after my interests.    I have Zoe McKenzie at the moment and whilst a bit raw in Parliament she is doing a good job from Opposition.   The  Coalition years from 2013 were a disaster.    Tony Abbott lied to the public - No Cuts to Anything.   We got the world’s crappiest NBN because they would not admit Labor had the right plan - remember all those green boxes?    Malcolm Turnbull had his moments but was always temporary.  Everytime Julie Bishop went O/S the checque book went with her - she gave away billions.  As for Morrison and Dutton - absolute abject failures at just about everything. Billions of dollars on French Submarines (cancelled) Japanese Submarines (cancelled) now the catastrophy that is AUKUS that we could not, and cannot get out of.  Hunter class ships - a disaster. 

Is it any wonder they got booted out with such a massive seat change.  Labor have not been perfect by any means. hey have made a lot of mistakes and misread the electorate.     However, they are now where near the clusterf@ck government they replaced.

Some food for thought:


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Re: Dim Tim - Your Opposition Treasurer
Reply #11 - Jul 31st, 2026 at 5:30pm
 
Question time is always good for a giggle , chalmers thanks tim for his question before systematically dismantling him , the libs wont hold more than 5 seats after next election and that includes the nats numbers
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Labor win majority government ... again
 
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