Just to clarify, I think the Nats are a terrible government.
I just think these comparisons are fucking stupid.
An alternative (devils advocate) analysis as evidenced by electoral results is the country supports Labour when we have money to spend, and National when times are tough and we need more prudent managers of the economy.
True enough. The UK would have a similar comparison if you compared the Blair/Brown Labour Government to the last five years under the stewardship of the Conservatives. The point being the general populous (or at lease the significant part that decides elections) has the view that Labour left the finances of the State in a mess and that is why the right leaning parties come in to fix it up.
Not the case in NZ.
When National took over we had had a series of black budgets under Labour.
How much of the financial crisis has been compounded by the ‘austerity’ measures.
If governments stop spending the economy grinds down.
Yet we don’t have “prudent managers”. Instead we have Nationals pork barrel politics. An ardent desire to turn this country into a banana republic. A satellite state to be sucked dry by the increasingly desperate USA.
don’t forget the earthquake saw an injection of $2-5bn into our economy from an outside source (re-insurers) which helped with stimulus in Christchurch which wouldn’t have been there without an earthquake.
Of more interest to me is the lampooning of the allegedly economically illiterate Green contenders for male co-leader for not knowing the current rate of inflation but no such lampooning for master of economic management, Bill English for
“Finance Minister Bill English says he does not know what effect the new rules on taxing capital gain on residential properties and new disclosure rules from non-resident buyers will have on the rising Auckland property market. ”
Either he is worse than the Greens (upon whom expectations of economic literacy are lower than English) or it was so ruched it has no background upon which to predict impact.
Christchurch earthquake equals 40 billion dollars of extra work paid for by insurance companies equals extraordinary item gift for G D P figures.
Nationals performance would be even worse without the Christchurch disaster!
GDP is an utterly hopeless measure of how any government is leading an economy. And are we really back to banging the drum of moar economic growth = better? What about sustainability using a steady state economy?
To be fair I think GDP is fairly rubbish too, but these things are what the Nats say are important, so if they can’t get those right…
As Robert Kennedy put it – GDP measures all but that which we hold most dear. But other measures of economic “success” are a whole lot more difficult. If you try and factor environmental and social factors in there as well it gets worse.
But that doesn’t mean we shouldn’t try.
At the very least they should measure GDP per capita growth – simple and means you can’t fudge the figures by just adding people.
But really you want to measure the change in total capital – environmental, social as well as economic. So if you dig up all the oil & coal and sell it off, and leave the environment a mess you take into account that the country doesn’t have the oil/coal to sell again and also that the lower living standards people have from the degraded environment ie you take into account the losses, not just the profits from selling natural resources.
But yeah, the banners are merely measuring National by their own standards – and with their own simplicity.
I can see the point of hoisting the NATs up on their own petard, but really all Labour is doing is reaffirming to the electorate that Labour buys into the same orthodox economic ethos – more growth is good, more GDP is good, running surpluses are good.
I think that for most people the banner make sense.
X amount under red
x amount under blue
done.
This is how people vote. Remeber? National the fiscally responsible party that will make all our lives betterer than it was under the nanny state when Labour was at the helm?
Well National pretend the GFC did not happen all the time, every time they say Labour left the country with a decade of deficits. Do you criticise them too?
I am not blaming National for a decade of deficits due to the GFC.
I am blaming National and Bill English for pretending that they could and would achieve a surplus, that things will get betterer to win an election instead of being honest and saying it’s not gonna happen because of a. b. c.
I am blaming National for spending money on a flag change when we are out of money.
I am blaming National for spending money on troops against Isis.
I am blaming National for spending money on vanity projects while ignoring the needs of the country.
They ran on their fiscal responsibilty and their financial savy and promised a surplus, better raises etc etc. Now they get to eat crow, and frankly they should.
the have heeped scorn and abuse on so many of our most vulnerable members of society, i think it is just fair that some of us actually hold them accountable.
“”I am blaming National and Bill English for pretending that they could and would achieve a surplus, that things will get betterer to win an election instead of being honest and saying it’s not gonna happen because of a. b. c.””
I don’t think national have ever really cared if they hit surplus , but its been a terrific excuse to slash services and screw down on the poor.
Sabine. High five! I first went right off key (although even then thought he was a incompetent tosser) when they spent so much money on the gg residence. I have heard 40ml but stand to be corrected as this amount seems to be exorbitant. Wonder who got the contract?
Since then the list goes on. Money for 1% nothing for us losers.
“Since our forecasts were finalised at the end of August, there have been further developments in the global financial crisis, particularly in the US. These developments increase the downside risks to these forecasts.”
“Growth is forecast to be positive in the final quarter of 2008 thanks to the recovery from the drought and tax cuts, but will remain subdued throughout most of 2009 as negative influences continue to affect the economy. As the world economy recovers, the domestic economy picks up and inflation and monetary conditions ease, growth will return above trend later in the forecast period, driven initially by increased exports (Figure 1.1). With economic activity forecast to be lower than in the Budget Update, core Crown tax revenue is expected to be $3,148 million lower in aggregate over the next four years.”
In reading the Executive Summary and other parts of the PREFU it seems to me that global economic conditions (referred to as the ‘global financial crisis’) are repeatedly mentioned as an important contributing factor in their forecasts.
I agree that domestic “imbalances” are also mentioned as ‘unwinding’ – but the GFC is a big part of predicted reductions in growth and therefore tax revenues and increases in spending (on benefits, Kiwisaver, etc.).
You mean like Labour criticising National for the deposit guarantee scheme that Labour set up?
I bought a whole lot of shares in 2007. They plummeted disastrously under Labour, and have gone up significantly and continuously ever since National came to power.
But I’d have to be an idiotic simpleton on par with bunji to think that was solely down to who was in power.
So are you saying that bunji and the entire front bench of the National Party should be criticised for drawing ridiculous conclusions on who should be to blame for certain events?
I haven’t heard the whole front bench of National blaming Labour for the global financial crisis.
There were plenty of Labour candidates last election blaming National for running deficits while they ran surpluses – effectively ignoring that the GFC ever happened. But obviously the voting public saw the ridiculous comparisons for what they were.
If you want votes, first you have to be seen as living in the real world – not a delusional one.
Labour always get greater per capita GDP than the bought party. The bought party always has a bunch of Quislings like you lining up to shift the blame, and then you pretend to be into personal responsibility.
Que? National trots the “its all Labour’s fault every chance it gets”.
Labour does not blame National for the GFC. It criticises National for making unattainable promises to get the books black into credit, for giving tax cuts to the wealthy the country cannot afford, for selling off our profitable assets and for having no growth strategy apart from more dairy. National can be blamed for continuously running deficits for the fact that it gave unaffordable tax cuts.
Average 3.7% GDP growth over nine years of Lab5, against National’s record. This is in line with New Zealand history. Hardly surprising when you consider that unemployment is always higher under National.
Still you don’t seem to grasp the facts: under all economic conditions experienced thus far, annual per capita gdp growth is lower when the Masters of Finance occupy the Treasury benches.
This time, your excuse is the GFC, and, poppet, the GFC didn’t force the Masters of Finance to slash government revenue.
Why is it that when it comes to analysing Labour’s economic performance there was no GFC but when it comes to National’s economic performance there is nothing but GFC.
The Labour years were BEFORE the GFC so it’s pretty obvious why it’s not linked to Labours performance.
[I get tired with RWNJs saying that the decade of deficits was because of Labour decisions and not because of the GFC. For your information the GFC started in 2007 and in 2008 Clark and co were in full adaption mode. Post another idiot comment where you deny this without pristine proof and I will start to treat you as a troll – MS]
MS says “I get tired with RWNJs saying that the decade of deficits was because of Labour decisions and not because of the GFC.”
Time to get reading lessons, or some new glasses –
I said “The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.”
And you really think the GFC had and impact on the growth and debt stats under Labour before it even happened (which is 90% of the period under discussion).
The deficit aren’t “because” of the GFC, John, the deficits are there because NZ’s economy is fragile, unbalanced, and undiversified. The deficits also continue because National is both visionless and gutless, combined with typical right wing short term opportunism.
But since you don’t understand anything about real economics, it never occurred to you that this was the case.
Because of the GFC –
– other countries buy fewer of our products, so there’s less tax on company profits
– fewer workers are required to make those products, so there’s less paye
– the (now unemployed) workers have less to spend, so there’s less gst
– less tourists come from countries suffering from the GFC, so they spend less, and the whole cycle continues in the tourism sector with less gst, less company profits, fewer workers, less paye.
– and significantly more spent on benefits
And you don’t think the deficit is caused by the GFC. Yeah right.
you’re not paying attention, John. The GFC is but one external environmental factor. Its the internal factors that successive governments have fucked up, creating a narrow economy which lacks depth and diversity. Open your eyes.
When ALL your overseas clients are suffering from the GFC and EVERY company in EVERY country slashes their spending budgets, it doesn’t matter what you produce .
as usual, wrong again. If National truly believe that, they should stop wasting our oxygen, fuck off, and let people who can make a real difference for ordinary NZers take charge.
The whole idea of government running a surplus is absurd. I would far prefer that households and SMEs run the surplus instead of the Crown – i.e. that ordinary people get to have a decent income, get to save more, get to run their businesses at a profit.
No mate – it goes to competence. Bill English promised surpluses – cannot deliver them – not just once or twice but seven times in a row. The non-delivery of surpluses by Bill has become a statistical certainty.
Labour wants to run deficits it just doest know it yet. I have been explaining this to you for weeks now and you said the issue was lying, not that deficits were a problem (which they are not). Are you revising that position?
Modern Labour tends to want to run the economy on Kensian lines. When things are good stash money away. When things are bad open up the purse strings.
The last Labour Government was happy to start spending. There was a plan to have a mini budget at the end of 2008 if they were reelected. I am not disagreeing with you.
I am disagreeing with John’s claim that the decade of deficits was because of the fifth Labour Government. And it irks that he suggests that National should be cut some slack because of the GFC but not Labour.
mickeysavage says “I am disagreeing with John’s claim that the decade of deficits was because of the fifth Labour Government. ”
I think you’re arguing against something that I never said.
The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.
In the 2000s, New Zealand was spending 115% of what it earned, every year, year after year.
That is a totally unsustainable position and where Labour stuffed up was they didn’t do a thing about it.
Under Labour private debt skyrocketed 166% from $60b to $160b, and they didn’t do a thing to stop massive house price inflation, not just in Auckland as is the case now, but across the other 70% of houses as well.
What did Labour do to stop it? Nothing.
At least this govt has tightened up on claiming depreciation, speculators, LAQCs, low deposit loans, bigger bank reserves etc.
“The Labour years were BEFORE the GFC so it’s pretty obvious why it’s not linked to Labours performance.”
Disagreed. The GFC started during Labour’s term. The GFC had everything to do with the downturn and the “decade of deficits”.
“The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.”
Disagreed. National’s “fiscally neutral” tax cuts basically sucked a billion dollars out of the state’s books each year. There would have been deficits for a while but they have been much worse because of National’s tax cuts.
Crown control over private debt? FFS when we suggested people should use eco friendly light bulbs there was hell to pay. Blaming us for not strong arming people into borrowing less is a bit rich.
John’s comment was dead on to begin with. There would have been similar sized deficits regardless if labour was elected. Labour needs to explain why the deficits are necessary and stop playing a game of irrelevant political football with the constant carping on about what they could get away with before the GFC.
Mickey – Labour didn’t so much as lift a finger while they watched a housing bubble caused by skyrocketing debt, and a country spending 115% of what it earned every year.
The current govt has put in place numerous measures to curtail private debt and housing bubbles.
And Labour complains it’s not enough.
Which makes your weak excuses for not doing anything look hollow and hypocritical.
theres no need for the government to “stash money away for a rainy day.”
Why would there ever be a need for the government to stash away electronic ones and zeroes that it can enter by keyboard any time that it wants to? How on earth do you “stash” digital digits, anyway?
The “real world”? Don’t make me laugh John. I agree that the NATs needed to deficit spend, but their lack of a credible long term vision for NZ has been shocking. Under their leadership NZ does all it can to stumble from year to year with no cohesive long term economic planning.
I am not defending the current government’s record by any means! What I am criticising is this clap trap language that infers deficits are inherently bad and that running surpluses are inherently good. This is implied in the language Labour has used and indeed campaigned on and in this original post.The fact that Labour ran a series of surpluses is not in itself good or bad. Classical and neo-Keynsian economic theory argues that governments should build surpluses when the economy thrives and run deficits when the economy is struggling.
IF the current regime claim there has been no serious economic crisis post GFC it should be moving towards and running surpluses. We know this isn’t true so we should expect them to run deficits and indeed we should encourage it. We might want to argue over what it is being spent on, of course, but my basic point remains.
Conversely, IF the previous Labour regime were running surpluses during economic upswings, this should be expected and encouraged. However, IF they were running surpluses during economic recession, they should be admonished.
The point is, simply comparing Labour’s surplus record juxtaposed to the Nat’s deficit record, devoid of economic context, is disingenuous at worst, and plain ignorant at best
In fact Labour weren’t too hot economically either – little realised growth in terms of capacity or productivity, few to no new jobs, little effort to address problems like housing or the balance of payments, much less winding back the employment ‘reforms’ of the black decade.
But they were basically competent, unlike the screaming heap that National is. Solid Energy is a fair analogy for National’s management of the economy – they wrecked it without even making a profit.
We still have one of the lowest unemployment rates in the western world because National have held off on implementing austerity and govt debt reduction measures.
Massaged numbers – tightening Winz policies and lies about ‘the lowest ever unemployment rate’ that anyone alive in the 1980s knows were patently false.
Clue: what’s wrong is not that people are doing well.
What’s wrong is that many people are struggling, hungry, homeless.
How much was your student loan, and how much were your training/course fees?
How much were the “voluntary” fees your parents shelled out to your school?
What about your parents – did they get any assistance, or a state house?
Or are you one of the infintesimally small few people who earn well over the average wage while having zero qualifications?
I’m wondering if the reason why 3 million Kiwis don’t earn $70k, live in central Ak etc. is that we live a world that requires mass poverty and unemployment in order for the economy to function so that people like you can be the exception to the rule.
I was suspicious of the high level of emissions attributed to NZ livestock lately.
I’ve just come across figures for 2003 – 2013 contending that, globally, fossil fuels and cement accounted for,on average, about 8.6 Gt or 92% of anthropogenic carbon emissions per year and land use accounted for about 0.8Gt or 8% per year.
Disagree with this line of thinking. There is no reason fossil fuel use must track GDP growth. The government should invest in employing people to create a sustainable economy. If it does this on a large enough scale then it’s quite possible for GDP to grow and the economy to become sustainable (with lower energy use) at the same time.
On the other hand if the government wants to cause a recession or depression then it’s going to be unpopular and they will quickly be out of office. That will be curtains for plans to move onto a sustainable path no doubt.
The economy is not going to by itself onto a sustainable path. The government must intervene and buy up outputs towards it.
As for growing an economy while aiming for sustainability…from these six eggs I have, I want to make an omelet while wanting for six chicks to hatch.
Meanwhile,most of the western world is being plunged into recession and depression, in part, due to policies pursuing austerity. Those governments haven’t been kicked out and ,in fact, have been re-elected.
Sorry, that kind of thinking doesn’t cut it. Explain why if you have some sustainability policy (say reforestation) the government can’t pay for it to happen.
The government can pay for such things. That’s not a biggie.
But if you want a growing economy, then that means more production and consumption. And that’s profit driven, not ‘lets be nice to the environment’ driven. If you find that objectionable (as I do) then you’ll have no option but to adopt a market abolitionist position.
Then, with the profit motive gone, we can look at steady state or ‘environmentally mindful’ economic models.
Closer but you are not there yet. GDP has three main components, consumption, investment and government spending. So growing GDP does not mandate growing consumption. Also not all consumption is a measure of physical consumption it also counts service spending and all kinds of sustainable consumption. There is no solid link between growth of GDP and growth of the physical demands of that economy. In considering how to deal with this issue there also needs to be a distinction between markets with and without government intervention including regulation for socially desirable outcomes.
Closer but you are not there yet. GDP has three main components, consumption, investment and government spending. So growing GDP does not mandate growing consumption. Also not all consumption is a measure of physical consumption it also counts service spending and all kinds of sustainable consumption. There is no solid link between growth of GDP and growth of the physical demands of that economy. In considering how to deal with this issue there also needs to be a distinction between markets with and without government intervention including regulation for socially desirable outcomes.
No, including energy use tracking with GDP. If you think of an alternative real economy (a sustainable one) then the payments for that can obviously be arranged in essentially any manner. Arguing that it has to be that way then is also claiming there is no real alternative economy possible. The fact Fossil fuel use tracks GDP is just a coincidence due to the world running a non-sustainable economy but that can change.
It’s also not true for many countries but industrial production being sent offshore is a large component of that, so it’s not a clear cut example.
Claims about science fictions and utopia as side, I was discussing with Bill how to grow GDP while shrinking the ecological footprint of the economy. When he says that we must first abolish markets and first instate some other (yet to be defined) system he is the person advocating for inaction.
Paid work (and profits) is a powerful incentive and should be used to take action on climate change now.
At the end of the day the only answer I can see is for a fifteen to twenty year war-time like effort to move NZ 90% off fossil fuels and also towards autarky in strategic areas. We will burn a lot of fossil fuels and consume a lot of resources in the process to do so – but at least they will be available at this time.
After this next fifteen year window passes, it’ll be too late to do anything more than localised/regional makeshift initiatives to try and make life survivable and decent.
National is 1/10 towards what is needed. Labour is 3/10 towards what is needed. The Greens are 3.5/10 towards what is needed.
Ah well, currently those are the choices we have been given.
Bunji your first post is focusing on the wrong issue, your second on the right issue. Government spending adds directly to GDP by accounting so if the deficit was lower in any of the last seven years then GDP would also have been lower by the exact same amount. Yes if labour wants to grow GDP at a decent rate in future they will need to run a significant deficit for many years.
The reality is the neo liberal policies embraced by new Labour and National have led to this mess. They are both culpable for the misery people endure.
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Graham Adams assesses the fallout of the Cass Review — The press release last Thursday from the UN Special Rapporteur on violence against women and girls didn’t make the mainstream news in New Zealand but it really should have. The startling title of Reem Alsalem’s statement — “Implementation of ‘Cass ...
This open-for-business, under-new-management cliché-pockmarked government of Christopher Luxon is not the thing of beauty he imagines it to be. It is not the powerful expression of the will of the people that he asserts it to be. It is not a soaring eagle, it is a malodorous vulture. This newest poll should make ...
The latest labour market statistics, showing a rise in unemployment. There are now 134,000 unemployed - 14,000 more than when the National government took office. Which is I guess what happens when the Reserve Bank causes a recession in an effort to Keep Wages Low. The previous government saw a ...
Three opinion polls have been released in the last two days, all showing that the new government is failing to hold their popular support. The usual honeymoon experienced during the first year of a first term government is entirely absent. The political mood is still gloomy and discontented, mainly due ...
National's Finance Minister once met a poor person.A scornful interview with National's finance guru who knows next to nothing about economics or people.There might have been something a bit familiar if that was the headline I’d gone with today. It would of course have been in tribute to the article ...
Rob MacCulloch writes – Throughout the pandemic, the new Vice-Chancellor-of-Otago-University-on-$629,000 per annum-Can-you-believe-it-and-Former-Finance-Minister Grant Robertson repeated the mantra over and over that he saved “lives and livelihoods”.As we update how this claim is faring over the course of time, the facts are increasingly speaking differently. NZ ...
Chris Trotter writes – IT’S A COMMONPLACE of political speeches, especially those delivered in acknowledgement of electoral victory: “We’ll govern for all New Zealanders.” On the face of it, the pledge is a strange one. Why would any political leader govern in ways that advantaged the huge ...
Bryce Edwards writes – The list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill ...
TL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political economy at 10:06am on Wednesday, May 1:The Lead: Business confidence fell across the board in April, falling in some areas to levels last seen during the lockdowns because of a collapse in ...
Over the past 36 hours, Christopher Luxon has been dong his best to portray the centre-right’s plummeting poll numbers as a mark of virtue. Allegedly, the negative verdicts are the result of hard economic times, and of a government bravely set out on a perilous rescue mission from which not ...
Auckland Transport have started rolling out new HOP card readers around the network and over the next three months, all of them on buses, at train stations and ferry wharves will be replaced. The change itself is not that remarkable, with the new readers looking similar to what is already ...
Completed reads for April: The Difference Engine, by William Gibson and Bruce Sterling Carnival of Saints, by George Herman The Snow Spider, by Jenny Nimmo Emlyn’s Moon, by Jenny Nimmo The Chestnut Soldier, by Jenny Nimmo Death Comes As the End, by Agatha Christie Lord of the Flies, by ...
On February 14, 2023 we announced our Rebuttal Update Project. This included an ask for feedback about the added "At a glance" section in the updated basic rebuttal versions. This weekly blog post series highlights this new section of one of the updated basic rebuttal versions and serves as a ...
Have a story to share about St Paul’s, but today just picturesPopular novels written at this desk by a young man who managed to bootstrap himself out of father’s imprisonment and his own young life in a workhouse Read more ...
The list of former National Party Ministers being given plum and important roles got longer this week with the appointment of former Deputy Prime Minister Paula Bennett as the chair of Pharmac. The Christopher Luxon-led Government has now made key appointments to Bill English, Simon Bridges, Steven Joyce, Roger Sowry, ...
Newsroom has a story today about National's (fortunately failed) effort to disestablish the newly-created Inspector-General of Defence. The creation of this agency was the key recommendation of the Inquiry into Operation Burnham, and a vital means of restoring credibility and social licence to an agency which had been caught lying ...
Holding On To The Present:The moment a political movement arises that attacks the whole idea of social progress, and announces its intention to wind back the hands of History’s clock, then democracy, along with its unwritten rules, is in mortal danger.IT’S A COMMONPLACE of political speeches, especially those delivered in ...
Stuck In The Middle With You:As Christopher Luxon feels the hot breath of Act’s and NZ First’s extremists on the back of his neck and, as he reckons with the damage their policies are already inflicting upon a country he’s described as “fragile”, is there not some merit in reaching out ...
The unpopular coalition government is currently rushing to repeal section 7AA of the Oranga Tamariki Act. The clause is Oranga Tamariki's Treaty clause, and was inserted after its systematic stealing of Māori children became a public scandal and resulted in physical resistance to further abductions. The clause created clear obligations ...
Buzz from the Beehive The government’s official website – which Point of Order monitors daily – not for the first time has nothing much to say today about political happenings that are grabbing media headlines. It makes no mention of the latest 1News-Verian poll, for example. This shows National down ...
It Takes A Train To Cry:Surely, there is nothing lonelier in all this world than the long wail of a distant steam locomotive on a cold Winter’s night.AS A CHILD, I would lie awake in my grandfather’s house and listen to the traffic. The big wooden house was only a ...
Packing A Punch: The election of the present government, including in its ranks politicians dedicated to reasserting the rights of the legislature in shaping and determining the future of Māori and Pakeha in New Zealand, should have alerted the judiciary – including its anomalous appendage, the Waitangi Tribunal – that its ...
Dead Woman Walking: New Zealand’s media industry had been moving steadily towards disaster for all the years Melissa Lee had been National’s media and communications policy spokesperson, and yet, when the crisis finally broke, on her watch, she had nothing intelligent to offer. Christopher Luxon is a patient man - but he’s not ...
Chris Trotter writes – New Zealand politics is remarkably easy-going: dangerously so, one might even say. With the notable exception of John Key’s flat ruling-out of the NZ First Party in 2008, all parties capable of clearing MMP’s five-percent threshold, or winning one or more electorate seats, tend ...
Bryce Edwards writes – Polling shows that Wellington Mayor Tory Whanau has the lowest approval rating of any mayor in the country. Siting at -12 per cent, the proportion of constituents who disapprove of her performance outweighs those who give her the thumbs up. This negative rating is ...
Luxon will no doubt put a brave face on it, but there is no escaping the pressure this latest poll will put on him and the government. Photo: Lynn Grieveson / The KākāTL;DR: These are the six things that stood out to me in news and commentary on Aotearoa-NZ’s political ...
This is a re-post from The Climate Brink by Andrew Dessler In the wake of any unusual weather event, someone inevitably asks, “Did climate change cause this?” In the most literal sense, that answer is almost always no. Climate change is never the sole cause of hurricanes, heat waves, droughts, or ...
Something odd happened yesterday, and I’d love to know if there’s more to it. If there was something which preempted what happened, or if it was simply a throwaway line in response to a journalist.Yesterday David Seymour was asked at a press conference what the process would be if the ...
Ministers must front up about which projects it will push through under its Fast Track Approvals legislation, Labour environment spokesperson Rachel Brooking said today. ...
The Government is again adding to New Zealand’s growing unemployment, this time cutting jobs at the agencies responsible for urban development and growing much needed housing stock. ...
With Minister Karen Chhour indicating in the House today that she either doesn’t know or care about the frontline cuts she’s making to Oranga Tamariki, we risk seeing more and more of our children falling through the cracks. ...
The Labour Party is saddened to learn of the death of Sir Robert Martin, a globally renowned disability advocate who led the way for disability rights both in New Zealand and internationally. ...
Labour is calling for the Government to urgently rethink its coalition commitment to restart live animal exports, Labour animal welfare spokesperson Rachel Boyack said. ...
Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse. ...
The Green Party is calling on the Government to do more for our households in most need as unemployment rises and the cost of living crisis endures. ...
Unemployment is on the rise and it’s only going to get worse under this Government, Labour finance spokesperson Barbara Edmonds said. Stats NZ figures show the unemployment rate grew to 4.3 percent in the March quarter from 4 percent in the December quarter. “This is the second rise in unemployment ...
The New Zealand Labour Party welcomes the entering into force of the European Union and New Zealand free trade agreement. This agreement opens the door for a huge increase in trade opportunities with a market of 450 million people who are high value discerning consumers of New Zealand goods and ...
The National-led Government continues its fiscal jiggery pokery with its Pharmac announcement today, Labour Health spokesperson Ayesha Verrall says. “The government has increased Pharmac funding but conceded it will only make minimal increases in access to medicine”, said Ayesha Verrall “This is far from the bold promises made to fund ...
This afternoon’s interim Waitangi Tribunal report must be taken seriously as it affects our most vulnerable children, Labour children’s spokesperson Willow-Jean Prime. ...
Te Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...
Our two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...
Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...
Tonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...
It appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...
The Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...
Labour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...
The Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...
Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...
The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...
The government's decision to reintroduce Three Strikes is a destructive and ineffective piece of law-making that will only exacerbate an inherently biased and racist criminal justice system, said Te Pāti Māori Justice Spokesperson, Tākuta Ferris, today. During the time Three Strikes was in place in Aotearoa, Māori and Pasifika received ...
Cuts to frontline hospital staff are not only a broken election promise, it shows the reckless tax cuts have well and truly hit the frontline of the health system, says Labour Health spokesperson Ayesha Verrall. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
Te Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
The Government has delivered on its election promise to provide a financially sustainable model for Auckland under its Local Water Done Well plan. The plan, which has been unanimously endorsed by Auckland Council’s Governing Body, will see Aucklanders avoid the previously projected 25.8 per cent water rates increases while retaining ...
Foreign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today. "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...
The Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...
Thank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today. Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...
The Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...
The coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says. “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...
Structured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says. “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...
Trade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...
The rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...
The Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says. “The coalition Government is focused on making it easier and cheaper to build homes so we can ...
New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...
Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...
From today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...
People with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...
Kiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...
There are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...
The return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...
Energy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...
The coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...
The Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...
Justice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...
The Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...
Trade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...
Education Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...
The new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...
Whānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...
Racing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...
Assalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...
Associate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...
Hon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...
Hundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...
Regional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...
Foreign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...
Ambassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...
Distinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...
Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
The LIVE Recording of A View from Afar podcast will begin today at 12:45pm May 6, 2024 (NZST) which is Sunday evening, 8:30pm (USEST). In an analytical essay titled ‘A moment of friction’ political scientist Dr Paul Buchanan wrote how we are living within a decisive moment of ...
Asia Pacific Report A group of 65 Auckland University academics have written an open letter to vice-chancellor Dawn Freshwater criticising the institution’s stance over students protesting in solidarity with Palestine. They have called on her administration to “support” the students who were denied permission to establish an “overnight encampment” by ...
The Student Volunteer Army is on the march, generating approximately 1.6 million hours of volunteering from roughly 35,000 secondary school students in just five years. For Rebekah Brown, the pathway to volunteering started with her singing coach. With a passion for the arts, the suggestion to volunteer at Acting Antics, ...
Keeping up with online communication can be exhausting, so Fran Barclay enlisted the help of Meta’s new ‘intelligent assistant’ to respond to all her messages. Could her mates tell the difference? For centuries, technology has ruled the ways in which we communicate. From the dawn of written language, to the ...
Jamie Arbuckle, a councillor who has become an member of parliament, says he has settled into having two roles so comfortably he's going to keep both pay cheques. ...
Source: The Conversation (Au and NZ) – By Luis Gómez Romero, Senior Lecturer in Human Rights, Constitutional Law and Legal Theory, University of Wollongong Fifty years ago, Australian feminist Anne Summers denounced “the ideology of sexism” governing over so many women’s lives. Unfortunately, sexism is as lethal today as it ...
Source: The Conversation (Au and NZ) – By Jose Antonio Lara-Hernandez, Senior Researcher in Architecture, Auckland University of Technology Getty Images The COVID-19 pandemic and the hybrid work patterns it fostered have changed the way we think about office space, and central business districts in general. While fears ...
Source: The Conversation (Au and NZ) – By Dale Boccabella, Associate Professor of Taxation Law, UNSW Sydney There’s a good reason your local volunteer-run netball club doesn’t pay tax. In Australia, various nonprofit organisations are exempt from paying income tax, including those that do charitable work, such as churches. ...
Source: The Conversation (Au and NZ) – By Marina Deller, Casual Academic, Creative Writing and English Literature, Flinders University NetflixComedy is opening up spaces for silences to be broken and trauma stories to be told. In 2018, Hannah Gadsby started a revolution with Nanette, asking audiences to rethink ...
The workplace can be a minefield of bad comms and passive aggression. Kinksters can help you navigate it. A friend and colleague recently gave me a compliment I loved. They told me I’d always been good at emotional communication and making people feel comfortable. “But I feel like it’s really ...
Even if some students are now just texting on their laptops. Stewart Sowman-Lund writes in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. ...
Councils from Horowhenua, Kāpiti, Wairarapa, the Hutt Valley, Porirua and Wellington City will meet this Friday to work together on a plan for a Greater Wellington region water deal. ...
Renowned musician, advocate, and proud born and raised daughter of Tauranga, Ria Hall, is announcing her candidacy for Mayor of Tauranga and Pāpāmoa Ward for the upcoming election on July 20th. ...
The new Aotearoa histories curriculum is rich with potential. There’s still work to be done, but the education minister’s criticisms about ‘balance’ miss the mark, argues primary school teacher Jessie Moss. In 2015, Ōtorohanga College students presented to parliament a petition signed by more than 10,000 people calling for a ...
For too long our so-called national bird has maintained its stranglehold on the economy of regional New Zealand. Thanks to the fast track legislation, we will have our revenge. Theories abound on what ails New Zealand’s economy. National leader Chris Luxon has posited that we’re negative, wet, whiny, and inward-looking; ...
If building one of Auckland’s possible waterfront stadiums was funded privately, it would need to hold a sold-out Ed Sherran concert every weekday for 25 years. That’s Rob Hamlin’s finding – he’s a senior marketing lecturer at the University of Otago. “It’s not going to happen; forget about it,” he ...
Comment: The debate over the future relationship between news and social media is bringing us closer to a long-overdue reckoning. Social media isn’t trying to kill journalism, because social media has never really cared about journalism. Social media is resolutely in the attention business. News propels some attention — perhaps ...
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For the past 12 years, Georgia-Rose Brown has balanced on the brink of making an Olympic Games – but always landed gracefully on the wrong side. Reaching the Olympics is a dream the gymnast has harboured since she was a six-year-old; a dream that would dwindle every four years, yet ...
Late one afternoon in March 1860 a man in a thin green velveteen jacket and a wide-awake hat arrived on foot at a sheep station named Glenmark, about 65 kilometres north of Christchurch. The man was in his mid-fifties but he looked older. Several people who met him that day ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra A new Commonwealth Prac Payment will provide students with $319.50 a week when they are on clinical and professional placements. The payment will be means tested and start from July 1 next year, which ...
Asia Pacific Report About 500 people honoured Palestinian journalists in the heart of the New Zealand city of Auckland today for their brave coverage of Israel’s War on Gaza, now in its seventh month with almost 35,000 people killed, mostly women and children. Marking the annual May 3 World Press ...
The Government Communications Security Bureau denies hosting a foreign spying capability flagged by the watchdog, differentiating it from the system recently criticised. ...
RNZ News A group of academic staff at New Zealand’s largest university have expressed concern at the administration’s move to block a protest encampment that was planned to take place on campus calling for support for the rights of Palestinians. This week, the University of Auckland warned that while it ...
Genterwocky After a hard days marching, Sir Doocey calls in at the Village Tavern For a pint of ale and a pork pie. The grim villagers stare at him. “Do not be travelling on the forest road,” warns a crusty old beak. “And why is that, antique peasant?” Grins Sir ...
Political conferences after a party returns to power are usually a chance for some healthy, even unhealthy backslapping. Yet National Party president Sylvia Wood’s address to its mainland representatives on Saturday hardly contained the unalloyed delight that one might have expected following National’s escape from the wilderness of opposition. Yes, ...
Comment: Almost half the world is voting in national elections this year and artificial intelligence is the elephant in the room. There are genuine fears AI-generated or AI-edited deepfakes will potentially manipulate election outcomes not just in the US and UK, but critically in countries such as India. For that ...
Ahead of the reality franchise’s return to New Zealand, allow us to introduce the eight brides and grooms. Chuck on a veil and tie back your man bun, because it’s time to say “I do” to a new season of Married at First Sight NZ. The reality TV “social experiment” ...
Source: The Conversation (Au and NZ) – By Andrew Norton, Professor in the Practice of Higher Education Policy, Australian National University Every year on June 1, student debt in Australia is indexed to inflation. In 2023, high inflation pushed the indexation rate to 7.1%, the highest since 1990. This ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Changes in the May 14 budget will cut the student debt of more than three million people, wiping more than $3 billion from what people owe. The government will cap the HELP indexation rate ...
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Booming world economy v GFC & Christchurch Earthquake….
Just to clarify, I think the Nats are a terrible government.
I just think these comparisons are fucking stupid.
An alternative (devils advocate) analysis as evidenced by electoral results is the country supports Labour when we have money to spend, and National when times are tough and we need more prudent managers of the economy.
True enough. The UK would have a similar comparison if you compared the Blair/Brown Labour Government to the last five years under the stewardship of the Conservatives. The point being the general populous (or at lease the significant part that decides elections) has the view that Labour left the finances of the State in a mess and that is why the right leaning parties come in to fix it up.
Not the case in NZ.
When National took over we had had a series of black budgets under Labour.
How much of the financial crisis has been compounded by the ‘austerity’ measures.
If governments stop spending the economy grinds down.
Yet we don’t have “prudent managers”. Instead we have Nationals pork barrel politics. An ardent desire to turn this country into a banana republic. A satellite state to be sucked dry by the increasingly desperate USA.
don’t forget the earthquake saw an injection of $2-5bn into our economy from an outside source (re-insurers) which helped with stimulus in Christchurch which wouldn’t have been there without an earthquake.
Of more interest to me is the lampooning of the allegedly economically illiterate Green contenders for male co-leader for not knowing the current rate of inflation but no such lampooning for master of economic management, Bill English for
“Finance Minister Bill English says he does not know what effect the new rules on taxing capital gain on residential properties and new disclosure rules from non-resident buyers will have on the rising Auckland property market. ”
Either he is worse than the Greens (upon whom expectations of economic literacy are lower than English) or it was so ruched it has no background upon which to predict impact.
You seem to be forgetting the global recession that was in the middle of the last 7 years.
In NZ, Labour governments have always achieved greater per capita GDP than their National contemporaries.
You always have an excuse. It’s lame. Where’s the personal responsibility?
So you’re saying US$42,000 GDP per capita (NZ in 2013) is LESS than US$31,000 GDP per capita (in 2007).
Cherry picking years and currencies? Are your physical characteristics as reminiscent of dogshit as your arguments?
Christchurch earthquake equals 40 billion dollars of extra work paid for by insurance companies equals extraordinary item gift for G D P figures.
Nationals performance would be even worse without the Christchurch disaster!
GDP is an utterly hopeless measure of how any government is leading an economy. And are we really back to banging the drum of moar economic growth = better? What about sustainability using a steady state economy?
To be fair I think GDP is fairly rubbish too, but these things are what the Nats say are important, so if they can’t get those right…
As Robert Kennedy put it – GDP measures all but that which we hold most dear. But other measures of economic “success” are a whole lot more difficult. If you try and factor environmental and social factors in there as well it gets worse.
But that doesn’t mean we shouldn’t try.
At the very least they should measure GDP per capita growth – simple and means you can’t fudge the figures by just adding people.
But really you want to measure the change in total capital – environmental, social as well as economic. So if you dig up all the oil & coal and sell it off, and leave the environment a mess you take into account that the country doesn’t have the oil/coal to sell again and also that the lower living standards people have from the degraded environment ie you take into account the losses, not just the profits from selling natural resources.
But yeah, the banners are merely measuring National by their own standards – and with their own simplicity.
‘their own simplicity’….heh
Exactly Bunji. They fail according to their own criteria.
I can see the point of hoisting the NATs up on their own petard, but really all Labour is doing is reaffirming to the electorate that Labour buys into the same orthodox economic ethos – more growth is good, more GDP is good, running surpluses are good.
I think that for most people the banner make sense.
X amount under red
x amount under blue
done.
This is how people vote. Remeber? National the fiscally responsible party that will make all our lives betterer than it was under the nanny state when Labour was at the helm?
That is what people voted for.
This deserves an award for brainless idiocy.
Because only a brainless idiot would would make a comparison of the years before and after the global financial crisis, and pretend it didn’t happen.,
Well National pretend the GFC did not happen all the time, every time they say Labour left the country with a decade of deficits. Do you criticise them too?
Well they do it too.
Great comeback MS
And just to be clear the decade of deficits was projected pre GFC
Um are you sure about this? Link please. My recollection is that the “decade of deficits” was announced in 2008 after the start of the GFC.
Not pre “start” of GFC, pre “full effects” of GFC.
I could have been clearer.
My point is the PREFU did not lay the blame for the decade of deficits on the GFC so why would you expect the Nats to when there is an easier target.
(Jeepers, I can’t believe I am in here defending Bill English)
then don’t.
I am not blaming National for a decade of deficits due to the GFC.
I am blaming National and Bill English for pretending that they could and would achieve a surplus, that things will get betterer to win an election instead of being honest and saying it’s not gonna happen because of a. b. c.
I am blaming National for spending money on a flag change when we are out of money.
I am blaming National for spending money on troops against Isis.
I am blaming National for spending money on vanity projects while ignoring the needs of the country.
They ran on their fiscal responsibilty and their financial savy and promised a surplus, better raises etc etc. Now they get to eat crow, and frankly they should.
the have heeped scorn and abuse on so many of our most vulnerable members of society, i think it is just fair that some of us actually hold them accountable.
“”I am blaming National and Bill English for pretending that they could and would achieve a surplus, that things will get betterer to win an election instead of being honest and saying it’s not gonna happen because of a. b. c.””
I don’t think national have ever really cared if they hit surplus , but its been a terrific excuse to slash services and screw down on the poor.
Sabine. High five! I first went right off key (although even then thought he was a incompetent tosser) when they spent so much money on the gg residence. I have heard 40ml but stand to be corrected as this amount seems to be exorbitant. Wonder who got the contract?
Since then the list goes on. Money for 1% nothing for us losers.
“the PREFU did not lay the blame for the decade of deficits on the GFC”
Are you sure?
In the PREFU section on ‘Weaker Growth as Global Economy Adjusts to imbalances’ there is this comment:
“Since our forecasts were finalised at the end of August, there have been further developments in the global financial crisis, particularly in the US. These developments increase the downside risks to these forecasts.”
And in this section it is stated that:
“Growth is forecast to be positive in the final quarter of 2008 thanks to the recovery from the drought and tax cuts, but will remain subdued throughout most of 2009 as negative influences continue to affect the economy. As the world economy recovers, the domestic economy picks up and inflation and monetary conditions ease, growth will return above trend later in the forecast period, driven initially by increased exports (Figure 1.1). With economic activity forecast to be lower than in the Budget Update, core Crown tax revenue is expected to be $3,148 million lower in aggregate over the next four years.”
In reading the Executive Summary and other parts of the PREFU it seems to me that global economic conditions (referred to as the ‘global financial crisis’) are repeatedly mentioned as an important contributing factor in their forecasts.
I agree that domestic “imbalances” are also mentioned as ‘unwinding’ – but the GFC is a big part of predicted reductions in growth and therefore tax revenues and increases in spending (on benefits, Kiwisaver, etc.).
The structural decade of deficits lie is one of Gosman’s most pathetic fictions.
V: I’ve not come for what you hoped to do. I’ve come for what you did.
Labour did not deliver deficits. Bill English did.
You mean like Labour criticising National for the deposit guarantee scheme that Labour set up?
I bought a whole lot of shares in 2007. They plummeted disastrously under Labour, and have gone up significantly and continuously ever since National came to power.
But I’d have to be an idiotic simpleton on par with bunji to think that was solely down to who was in power.
So are you saying that bunji and the entire front bench of the National Party should be criticised for drawing ridiculous conclusions on who should be to blame for certain events?
I haven’t heard the whole front bench of National blaming Labour for the global financial crisis.
There were plenty of Labour candidates last election blaming National for running deficits while they ran surpluses – effectively ignoring that the GFC ever happened. But obviously the voting public saw the ridiculous comparisons for what they were.
If you want votes, first you have to be seen as living in the real world – not a delusional one.
Labour always get greater per capita GDP than the bought party. The bought party always has a bunch of Quislings like you lining up to shift the blame, and then you pretend to be into personal responsibility.
If you ask me, you’re lying trash.
Que? National trots the “its all Labour’s fault every chance it gets”.
Labour does not blame National for the GFC. It criticises National for making unattainable promises to get the books black into credit, for giving tax cuts to the wealthy the country cannot afford, for selling off our profitable assets and for having no growth strategy apart from more dairy. National can be blamed for continuously running deficits for the fact that it gave unaffordable tax cuts.
It’s funny when people backing Labour, (who want to run BIGGER deficits for LONGER), criticise National for running deficits.
It comes across as absurd.
It’s even funnier when lackwit tr*lls (just like you) pretend that their delusions have some connection to what the Left would have done.
What’s the matter Johnny? Couldn’t you manage a reality-based argument? Your personal responsibility is a bunch of impotent lies, eh.
That’s about as idiotic as your claim GDP per capita was higher under Labour – see
http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:NZL:AUS:CAN&hl=en&dl=en
Imagine I am speaking to you in a patient tone, as though you are a child.
Your graph, poppet, demonstrates that, in $US, the rate of per-capita GDP increase has slowed under National.
Obviously another person ignorant that there’s been a global financial crisis.
And now backtracking on the patently false claim that GDP per capita was higher under Labour.
Keep peddling – you’re going backwards fast
Average 3.7% GDP growth over nine years of Lab5, against National’s record. This is in line with New Zealand history. Hardly surprising when you consider that unemployment is always higher under National.
As I said – now you’re backtracking.
Previously you claimed GDP per capita was bigger under Labour.
Now it’s growth rates.
And you still show extreme ignorance by failing to acknowledge there’s been a global financial crisis.
Still you don’t seem to grasp the facts: under all economic conditions experienced thus far, annual per capita gdp growth is lower when the Masters of Finance occupy the Treasury benches.
This time, your excuse is the GFC, and, poppet, the GFC didn’t force the Masters of Finance to slash government revenue.
Why is it that when it comes to analysing Labour’s economic performance there was no GFC but when it comes to National’s economic performance there is nothing but GFC.
Really?????
The Labour years were BEFORE the GFC so it’s pretty obvious why it’s not linked to Labours performance.
[I get tired with RWNJs saying that the decade of deficits was because of Labour decisions and not because of the GFC. For your information the GFC started in 2007 and in 2008 Clark and co were in full adaption mode. Post another idiot comment where you deny this without pristine proof and I will start to treat you as a troll – MS]
MS says “I get tired with RWNJs saying that the decade of deficits was because of Labour decisions and not because of the GFC.”
Time to get reading lessons, or some new glasses –
I said “The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.”
And you really think the GFC had and impact on the growth and debt stats under Labour before it even happened (which is 90% of the period under discussion).
The deficit aren’t “because” of the GFC, John, the deficits are there because NZ’s economy is fragile, unbalanced, and undiversified. The deficits also continue because National is both visionless and gutless, combined with typical right wing short term opportunism.
But since you don’t understand anything about real economics, it never occurred to you that this was the case.
Because of the GFC –
– other countries buy fewer of our products, so there’s less tax on company profits
– fewer workers are required to make those products, so there’s less paye
– the (now unemployed) workers have less to spend, so there’s less gst
– less tourists come from countries suffering from the GFC, so they spend less, and the whole cycle continues in the tourism sector with less gst, less company profits, fewer workers, less paye.
– and significantly more spent on benefits
And you don’t think the deficit is caused by the GFC. Yeah right.
you’re not paying attention, John. The GFC is but one external environmental factor. Its the internal factors that successive governments have fucked up, creating a narrow economy which lacks depth and diversity. Open your eyes.
You’re missing the point.
When ALL your overseas clients are suffering from the GFC and EVERY company in EVERY country slashes their spending budgets, it doesn’t matter what you produce .
as usual, wrong again. If National truly believe that, they should stop wasting our oxygen, fuck off, and let people who can make a real difference for ordinary NZers take charge.
The whole idea of government running a surplus is absurd. I would far prefer that households and SMEs run the surplus instead of the Crown – i.e. that ordinary people get to have a decent income, get to save more, get to run their businesses at a profit.
No mate – it goes to competence. Bill English promised surpluses – cannot deliver them – not just once or twice but seven times in a row. The non-delivery of surpluses by Bill has become a statistical certainty.
It’s funny when people backing Labour, (who want to run BIGGER deficits for LONGER), criticise National for running deficits.
Idiot. What evidence do you have that Labour wants to run deficits? FFS last time we failed miserably according to your idiot analysis.
Ideally the state pays its way and puts some money aside for a rainy day. Labour achieved this. Shame the nats can’t.
Labour wants to run deficits it just doest know it yet. I have been explaining this to you for weeks now and you said the issue was lying, not that deficits were a problem (which they are not). Are you revising that position?
Modern Labour tends to want to run the economy on Kensian lines. When things are good stash money away. When things are bad open up the purse strings.
The last Labour Government was happy to start spending. There was a plan to have a mini budget at the end of 2008 if they were reelected. I am not disagreeing with you.
I am disagreeing with John’s claim that the decade of deficits was because of the fifth Labour Government. And it irks that he suggests that National should be cut some slack because of the GFC but not Labour.
mickeysavage says “I am disagreeing with John’s claim that the decade of deficits was because of the fifth Labour Government. ”
I think you’re arguing against something that I never said.
The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.
In the 2000s, New Zealand was spending 115% of what it earned, every year, year after year.
That is a totally unsustainable position and where Labour stuffed up was they didn’t do a thing about it.
Under Labour private debt skyrocketed 166% from $60b to $160b, and they didn’t do a thing to stop massive house price inflation, not just in Auckland as is the case now, but across the other 70% of houses as well.
What did Labour do to stop it? Nothing.
At least this govt has tightened up on claiming depreciation, speculators, LAQCs, low deposit loans, bigger bank reserves etc.
John
“The Labour years were BEFORE the GFC so it’s pretty obvious why it’s not linked to Labours performance.”
Disagreed. The GFC started during Labour’s term. The GFC had everything to do with the downturn and the “decade of deficits”.
“The deficits are because of the GFC, and would have been there regardless of whether Labour or National was in power.”
Disagreed. National’s “fiscally neutral” tax cuts basically sucked a billion dollars out of the state’s books each year. There would have been deficits for a while but they have been much worse because of National’s tax cuts.
Crown control over private debt? FFS when we suggested people should use eco friendly light bulbs there was hell to pay. Blaming us for not strong arming people into borrowing less is a bit rich.
John’s comment was dead on to begin with. There would have been similar sized deficits regardless if labour was elected. Labour needs to explain why the deficits are necessary and stop playing a game of irrelevant political football with the constant carping on about what they could get away with before the GFC.
Mickey – Labour didn’t so much as lift a finger while they watched a housing bubble caused by skyrocketing debt, and a country spending 115% of what it earned every year.
The current govt has put in place numerous measures to curtail private debt and housing bubbles.
And Labour complains it’s not enough.
Which makes your weak excuses for not doing anything look hollow and hypocritical.
theres no need for the government to “stash money away for a rainy day.”
Why would there ever be a need for the government to stash away electronic ones and zeroes that it can enter by keyboard any time that it wants to? How on earth do you “stash” digital digits, anyway?
Meanwhile back in the real world, a $1b tax cut for six years doesn’t add up to a $66b debt.
The “real world”? Don’t make me laugh John. I agree that the NATs needed to deficit spend, but their lack of a credible long term vision for NZ has been shocking. Under their leadership NZ does all it can to stumble from year to year with no cohesive long term economic planning.
I am not defending the current government’s record by any means! What I am criticising is this clap trap language that infers deficits are inherently bad and that running surpluses are inherently good. This is implied in the language Labour has used and indeed campaigned on and in this original post.The fact that Labour ran a series of surpluses is not in itself good or bad. Classical and neo-Keynsian economic theory argues that governments should build surpluses when the economy thrives and run deficits when the economy is struggling.
IF the current regime claim there has been no serious economic crisis post GFC it should be moving towards and running surpluses. We know this isn’t true so we should expect them to run deficits and indeed we should encourage it. We might want to argue over what it is being spent on, of course, but my basic point remains.
Conversely, IF the previous Labour regime were running surpluses during economic upswings, this should be expected and encouraged. However, IF they were running surpluses during economic recession, they should be admonished.
The point is, simply comparing Labour’s surplus record juxtaposed to the Nat’s deficit record, devoid of economic context, is disingenuous at worst, and plain ignorant at best
In fact Labour weren’t too hot economically either – little realised growth in terms of capacity or productivity, few to no new jobs, little effort to address problems like housing or the balance of payments, much less winding back the employment ‘reforms’ of the black decade.
But they were basically competent, unlike the screaming heap that National is. Solid Energy is a fair analogy for National’s management of the economy – they wrecked it without even making a profit.
“Few to no new jobs”
They had the lowest unemployment rate in the western world.
And still do have one of the lowest.
We still have one of the lowest unemployment rates in the western world because National have held off on implementing austerity and govt debt reduction measures.
Massaged numbers – tightening Winz policies and lies about ‘the lowest ever unemployment rate’ that anyone alive in the 1980s knows were patently false.
ummm i think you all need to read the correct data. i am very very very happy in nz.
i earn 70k a year – debt free and own a house in central auckland. 2 kids 50 years old and not one hand out or any inheritance.
tell me what is wrong?
Clue: what’s wrong is not that people are doing well.
What’s wrong is that many people are struggling, hungry, homeless.
How much was your student loan, and how much were your training/course fees?
How much were the “voluntary” fees your parents shelled out to your school?
What about your parents – did they get any assistance, or a state house?
Or are you one of the infintesimally small few people who earn well over the average wage while having zero qualifications?
And how are your kids going to buy a house?
Gosh. And you’re so typical, too 😉
I’m wondering if the reason why 3 million Kiwis don’t earn $70k, live in central Ak etc. is that we live a world that requires mass poverty and unemployment in order for the economy to function so that people like you can be the exception to the rule.
Yep, it’s rare for the people who benefit from the poverty that they create to see the cause.
What’s wrong is that you believe a lie. You and you’re parents got lots of help from the government. You just don’t want to see it.
You are a kick-the-ladder-out kind of person. There are too many of you and that’s what’s wrong.
moved to auckland 12 years ago. One of 7 kids from a labour voting family. All info is correct. Just saved
So given that fossil fuel use tracks economic activity, at 1.3% growth, National were about 2/3rds less bad for our future than Labour.
THIS
When did Colonial Viper become a raving right winger?
I must have missed this because I thought he was socially responsible, like the rest of us.
are you accusing Bill as well? After all it was his idea i was backing 😈
You forgot the sheep and extra cows Bill 🙂
I was suspicious of the high level of emissions attributed to NZ livestock lately.
I’ve just come across figures for 2003 – 2013 contending that, globally, fossil fuels and cement accounted for,on average, about 8.6 Gt or 92% of anthropogenic carbon emissions per year and land use accounted for about 0.8Gt or 8% per year.
http://tyndall.ac.uk/sites/default/files/gca_tyndall_cicerosideevent_5combined.pdf
Historically – ie, the cumulative totals for CO2 see land use account for about 20 – 25% of the existing total.
And this link, also pasted on ‘Daily Review’ is a must. http://www.globalcarbonatlas.org/?q=en/content/welcome-carbon-atlas
Disagree with this line of thinking. There is no reason fossil fuel use must track GDP growth. The government should invest in employing people to create a sustainable economy. If it does this on a large enough scale then it’s quite possible for GDP to grow and the economy to become sustainable (with lower energy use) at the same time.
On the other hand if the government wants to cause a recession or depression then it’s going to be unpopular and they will quickly be out of office. That will be curtains for plans to move onto a sustainable path no doubt.
The economy is not going to by itself onto a sustainable path. The government must intervene and buy up outputs towards it.
Well, there’s no reason why it must, but it does.
As for growing an economy while aiming for sustainability…from these six eggs I have, I want to make an omelet while wanting for six chicks to hatch.
Meanwhile,most of the western world is being plunged into recession and depression, in part, due to policies pursuing austerity. Those governments haven’t been kicked out and ,in fact, have been re-elected.
Sorry, that kind of thinking doesn’t cut it. Explain why if you have some sustainability policy (say reforestation) the government can’t pay for it to happen.
The government can pay for such things. That’s not a biggie.
But if you want a growing economy, then that means more production and consumption. And that’s profit driven, not ‘lets be nice to the environment’ driven. If you find that objectionable (as I do) then you’ll have no option but to adopt a market abolitionist position.
Then, with the profit motive gone, we can look at steady state or ‘environmentally mindful’ economic models.
Closer but you are not there yet. GDP has three main components, consumption, investment and government spending. So growing GDP does not mandate growing consumption. Also not all consumption is a measure of physical consumption it also counts service spending and all kinds of sustainable consumption. There is no solid link between growth of GDP and growth of the physical demands of that economy. In considering how to deal with this issue there also needs to be a distinction between markets with and without government intervention including regulation for socially desirable outcomes.
Closer but you are not there yet. GDP has three main components, consumption, investment and government spending. So growing GDP does not mandate growing consumption. Also not all consumption is a measure of physical consumption it also counts service spending and all kinds of sustainable consumption. There is no solid link between growth of GDP and growth of the physical demands of that economy. In considering how to deal with this issue there also needs to be a distinction between markets with and without government intervention including regulation for socially desirable outcomes.
“There is no solid link between growth of GDP and growth of the physical demands of that economy.”
other than energy use tracking closely with GDP you mean? And in the rest of the world that typically means coal and oil being burnt.
No, including energy use tracking with GDP. If you think of an alternative real economy (a sustainable one) then the payments for that can obviously be arranged in essentially any manner. Arguing that it has to be that way then is also claiming there is no real alternative economy possible. The fact Fossil fuel use tracks GDP is just a coincidence due to the world running a non-sustainable economy but that can change.
It’s also not true for many countries but industrial production being sent offshore is a large component of that, so it’s not a clear cut example.
“The fact Fossil fuel use tracks GDP is just a coincidence due to the world running a non-sustainable economy but that can change.”
???
I’m referring to the current physical world economy and the energy inputs its activity is entirely predicated on, not a future science fiction one.
Claims about science fictions and utopia as side, I was discussing with Bill how to grow GDP while shrinking the ecological footprint of the economy. When he says that we must first abolish markets and first instate some other (yet to be defined) system he is the person advocating for inaction.
Paid work (and profits) is a powerful incentive and should be used to take action on climate change now.
At the end of the day the only answer I can see is for a fifteen to twenty year war-time like effort to move NZ 90% off fossil fuels and also towards autarky in strategic areas. We will burn a lot of fossil fuels and consume a lot of resources in the process to do so – but at least they will be available at this time.
After this next fifteen year window passes, it’ll be too late to do anything more than localised/regional makeshift initiatives to try and make life survivable and decent.
National is 1/10 towards what is needed. Labour is 3/10 towards what is needed. The Greens are 3.5/10 towards what is needed.
Ah well, currently those are the choices we have been given.
Bunji your first post is focusing on the wrong issue, your second on the right issue. Government spending adds directly to GDP by accounting so if the deficit was lower in any of the last seven years then GDP would also have been lower by the exact same amount. Yes if labour wants to grow GDP at a decent rate in future they will need to run a significant deficit for many years.
exactly, thank grod someone else gets it too
Great work today OAB. Another one to line up.
The reality is the neo liberal policies embraced by new Labour and National have led to this mess. They are both culpable for the misery people endure.