Senator KENEALLY (New South Wales—Deputy Leader of the Opposition in the Senate) (14:25): I ask a supplementary question. Former Treasurer Hockey also said: We have had the extraordinary situation where the Reserve Bank has cut interest rates to record lows and consumer confidence falls. And why? Because consumers have been spooked … Well, why wouldn't they be? Given the Reserve Bank has cut the cash rate to one per cent, is it any wonder that consumers are spooked and consumer confidence is falling?