PM Transcripts

Transcripts from the Prime Ministers of Australia

Fraser, Malcolm

Period of Service: 11/11/1975 - 11/03/1983
Release Date:
23/11/1975
Release Type:
Media Release
Transcript ID:
3984
Document:
00003984.pdf 2 Page(s)
Released by:
  • Fraser, John Malcolm
EXTRACT FROM AN ADDRESS AT PENSHURST, WANNON

' I1*~' NOVEMB2ER 23 17
FOR PRE~ sPRIME MINISTER
FOR RESSCANDURRA
EXTRACT FROM AN ADDRESS AT PENSHURST, WANNON
LABOR HAS BEEN LED BY A MAN WHO ADMITS HE DOESN I T KNOW
ANYTHING ABOUT THE ECONOMY. HE IS BORED BY THE ECONOMY.
HE GIVES US ASSURANCZS THAT THERE IS AN UPTURN IN SIGHT.
FOR MR WHITLAM THERE IS ALWAYS AN UPTURN IN SIGHT. THERE
IS ALWAYS A RECOVERY AROUND THE CORNER BUT EACH TIME THERE
IS MORE UNEMPLOYMENT, MORE INFLATION AND A WORSENING OF
ECONOMIC ACTIVITY. MR WHITLAM HAS YET TO SAY HOW HE IS
GOING TO PAY OFF THE $ 6,500 MILLION IN DEBTS ACCUMULATED BY
HIS GOVERNMENT OVER TWO AND HALF YEARS.
IS HE GOING TO PAY THESES DEBTS OFF BY INCREASED TAXES?
IS HE PROPOSING-TO PAY THESE DEBTS OPP -BY INCREASED INFLATION?
I CHALLENGE MR WHITLAM. TO APOLOGISE TO ALL THOSE WHO HAVE BEEN
HURT BY HIS ADMINISTRATION OVER TWO AND HALF YEARS. HE HAS HURT
THE ELDERLY AND THE RETIRED WHOSE SAVINGS ARE NO LONGER SUFFICIENT
TO SUPPORT TEEM IN DIGNITY.
FARMERS HAVE BEEN DESTROYED. SCHOOL LEAVERS WILL BEGIN THEIR
WORKING LIFE ON THE DOLE AND THERE ARE 230, 000 OF THEM THIS YEAR.
THE FAMILY MAN IS PAYING THE HIGHEST TAXES IN AUSTRALIA'S
HISTORY AND YOUNG COUPLES UNABLE TO AFFORD A HOME OF THEIR OWN
BECAUSE THE COST HAS BECOME SO HIGH UNDER LABOR.
I CHALLENGE MR WHITLAM TO TELL THE TRUTH ABOUT THE ECONOMY.'
HOW WILL HE SOLVE THESE PROBLEMS THAT HAVE BEEN CAUSED BY T913
POLICIES OF HIS ADMINISTRATION. a

-2-
HOW WILL HE OVERCOME UNEMPLOYMENT AND THE FAILURE OF SMA& L
BUSINESSES. THE TRUTH IS AND 14R WUITLAM WILL NOT ADMIT THIS THAT HE WANTS
EVERYONE TO BE DEPENDENT ON THE GOVERNMENT FOR WHAT IT WILL
PROVIDE. THAT IS THE SORT OF TOTALITARIAN AND AUTHORITARIAN
SYSTEM THAT HE WOULD LIKE TO SEE ESTABLISHED IN AUSTRALIA.

3984