I reckon it would be worse, with a PM who doesn't know the current interest rate for Australia!

Now the PM flunks the numbers test — on rates

A DAY after the Coalition launched television ads warning that Labor "on L-plates" could not be trusted to run the economy, Prime Minister John Howard has failed a basic test on his knowledge of interest rates.

During an interview on Channel Nine last night, Mr Howard was asked what the official Reserve Bank interest rate was. "Well, it's 6.25 (per cent)," Mr Howard said. The actual rate is 6.5 per cent.

The blunder is particularly embarrassing for Mr Howard because the Coalition is campaigning hard on its economic credentials compared to what it says is Labor's lack of economic credibility.

Link: The Age: Now the PM flunks the numbers test — on rates

I think this is a riot. The Coalition is attacking Labor on the economy, and the bloody PM cannot even get the current interest rates right. Why do you think that is? Could it be because he lied during his last campaign about interest rates, and knows he won only by the fact he managed to scare the Australian populace into believing under Labor their would be higher interest rates. Even though he knew there had to be a rise soon after the election anyway?

Regardless though, this just shows how out of touch with reality the current PM actually is.