Kevin Rudd and Labor has Totally Misread Public Pain over Interest Rate Cuts

Bad Ideas – October 6th, 2008 by Don

Kevin Rudd and Wayne Swan, you have Totally MISREAD the public PAIN over your support of Banks Profiting via interest rate cuts tomorrow. I can guarantee that you have lost more then a few votes over the matter. Just talking to a wide cross section of people over the last week has brought this fact home. Collectively the big four have made just over 17 Billion in Profits in the last financial period, yes you heard right 17 Billion.

In fact Westpac, is as we speak looking to acquire St George for God knows how much. There was scuttlebut that Comm Bank was going to do the same to Bank West. So for the Banks to come cry poor is just utter rot.

If they (the banks) feel so strongly about their financial standing then let the CEOs of Big four banks take a Pay Cut. Yep if they are so worried, lets see some real leadership over the matter and share the community’s pain by taking a pay cut at the executive level.

In fact let both Kevin Rudd, Wayne Swan, and Penny Wong, who I have seen over the weekend support the Banks take a Pay Cut. Let them Feel My Pain, and indeed the community’s pain!!!

Come and Share the Pain.

Yeh Like that will happen….hahaha…oops just saw a pig flying past…

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ANZ, Commonwealth Bank, Interest Rates, Kevin Rudd, Reserve Bank, Wayne Swan, WESTPAC

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