Working Papers

The ALP, Interest Rates and Truth in Advertising

The Labor Party has pulled the on-line advertisement we highlighted late last week:

LABOR has had to withdraw an online advertisement which said a Kevin Rudd government would cut interest rates.

The ad was a tougher version of ALP policy, which is to keep “downward pressure” on interest rates.

A party spokesman said the ad was not properly authorised.

Labor’s Google advertisement headed “Interest Rates in 2007” read: “Families today are carrying record debt. Labor will force rates down.”


posted on 03 October 2007 by skirchner in Economics, Financial Markets, Politics

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