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ABC News Breakfast -

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(generated from captions) of the property market buoyant

during the worst of the

downturn. Returning now to some

unexpected praise, the OECD

report which had good things to say apt the Federal

Government's management of the

economy during the global

recession. Top has downplayed

the findings saying stimulus mashes are a short-term

mashes are a short-term fix.

Moreno if deputy Opposition

Leader Julie Bishop joins us from Canberra. Good

morning. Good morning. The OECD

thinks the stimulus package has

saved or will save between 150

and 200,000 jobs. Do you

concede that? Well the

difficulty with any analysis

like this is that it must take

into account the impact of

monetary policy. That

monetary policy. That is, the

cuts in interest rates. Wove

had significant interest rate

cuts over 4% and that has meant

that people have more money in

their pockets if you've got a

mortgage or a len, you've got a

lot more money in your pocket.

That's a huge a stimulatory

effect. Also we're concerned

that the money the Rudd

Government used in its stimulus

package is bore yessed money.

And it will have to be And it will have to be paid

back. That money higher taxes

or cuts in services. And

finally, the point about the

quality of the spend - this

massive amount of poroed money

has had a sugar hit effect on

the economy if you like, but

the value for money that the

taxpayers are getting is very

much in doubt and for example,

the build the beeks program, the schools hauls the schools hauls program is

enough is a shamble, that's

been refer to the

Auditor-General for review so

we do have concerns about this

type ofnal sis that doesn't

take into account the interest

rate cut as well as the fact

it's borrowed money which will

have to be paid back. I'll just

point out there though that the

OECD report and I'm reading

from it here, it says "150,000 to

to 200,000 jobs less than if no

fiscal measures have been taken

so that are only talking about

the fiscal measures there

dwt That's why I said I have

difficulty with these analysees

buzz it doesn't... I haven't

head the entire report but I'm

saying that it would be useful

in an analysis like this to

take into account the fact that

it's borrowed money and will have to be

have to be paid back so it's a

short-term hit and we welcome

the fact that unemployment in

this country is not going up at

the same rate as else wr. Of

course it started from a very

slow base. Unemployment was

3.9% in February of 2008 so

that would have to be the

lowest in the ogd word so it's

very good news that

unemployment in the country is

not escalating at the rates of

other Dunns. Of course the Australian

Australian economy was in a

much better position than

virtually every other, in fact

I would suggest every OECD

country going into the downturn

and of course it's in a much

better position coming out The

report also points out that

stemming further job losses

will be vital to prevent

poverty spreading over the next

few years. Which would indicate

that it's vital that the

stimulus spending

continues? Well, that's not our

analysis of it.

analysis of it. The fact is

Government still has about ho%

of its stimulus spending to

take place after July 2010. And

we've said that now is the time

for it use the Government's

word recalibrate its spend. The

Opposition was not against stimulus spending, in fact with

we had proposed a package but

it was much smaller, much

better targeted, more value for

the taxpayer dollar. The ETS is the taxpayer dollar. The ETS is

going to be a huge problem for

the Coalition over the coming

months. You had that parting

barb from Brendan Nelson yesterday and you've got Jennifer Aniston today warning

that if Turnbull ignores the

national's concerns on the ETS

the Coalition might never be mended. That's a clear

possibility shipt? Anyhow it's

very interesting to talk about

the discussions within the

Coalition, but what we really

need to focus on is the ETS need to focus on is the ETS that the Rudd Government is

seeking to impose on the

Australian public. We have

asked Mr Rudd questions about

how much it will cost, how many

jobs lit cost, what increases

there will be in electricity,

in food prices and transport

costs, and he's ignored all of

them. The Australian public

sterfs some honest answers from

the Rudd Government about the

impact of the ETS which will be

will be one of the will be one of the most

significant structural changes to Australia's economy perhaps

ever. It is a massive

structural change. And yet we

have so little information from

the Government about what is

actually going to cost You are

saying you would be prepared to

back the Government ETS with

significant amendments by

December? What we're saying is

that any logical reasonable

Government would wait until the Government would wait until the Copenhagen conference on

climate change at the end of

the year before putting into

law a scheme that will ignore

what the rest of the world is

doing. So our position which is

the most logical rational

position is that the Government

should wait until the Copenhagen conference is finalised so that we

know... You would still be

prepared to support it is swant

aems? So we know what the rest of

of the world is doing and also

we should wait to see what the

United States is doing because

that is the largest economy in

the world. One of the largest

emitters and the standards that

the United States put in place

will become the benchmark for

the world. For Australia to rsh

ahead and put into law a scheme

that will naebl have to be

changed, after Copenhagen,

seems to me to be

irrational. And we're speaking

to thement gration Minister later this later this morning, there have

been several boats caught in

northern waters over the last

couple of weeks what is that a

seen of?. We are very concerned

that this increase in boat

arrivals is a sign that the

people smugglers have decided

that Australia has softened its

laws and it's putting people's

lives at risk putting them on

leaky shaky boat, sending them

across very dangerous waters

trying to seek refer yoodge in

Australia. The Government sent

a very clear message in August

last year when it soft yepped

its stance on border protection. That sent a clear

message to people smugglers,

the results are there to see.

People have been taking the

risk, risking their lives to

get on boats to come to

Australia because they think

they'll be able to get a status

here in Australia. The fact is this is

this is a very, very dangerous

and rrfgy exercise and the Rudd

Government must make it clear

that we have border protection

laws in place and that we have

a strong immigration system. Julie Bishop in

Canberra, thank you for talking