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Turning around the books

Written By: - Date published: 5:44 pm, December 13th, 2013 - 23 comments
Categories: john key, Privatisation, referendum - Tags:

So according to John Key, turnout in the referendum is so low it doesn’t mean anything to him (despite his government working hard to get turnout down).

We’re yet to see if we managed to get our 1,000,000 no votes (fingers crossed), but presumably the 1,000,000 National party votes in 2011 don’t mean much either if those sort of numbers don’t count..?

He’s done nothing wrong, even if he’s acted against the wishes of most New Zealanders.

However, as most people in the referendum will be voting to say he was wrong to sell them, this apparently means David Cunliffe needs to promise to buy them back.

This is because National have turned around the state of the books.  In direct contradiction of what his Finance Minister and number 2 Bill English said when they came into government – acknowledging the lack of debt (in early 2008 was the first time NZ had cleared its net debt since Vogel borrowed to start having trains in New Zealand) – apparently Labour left the government accounts in a terrible state.

Can I please get just a little fact checking in my news articles?

Just a wee statement of Government debt when National took office (nearly zilch), government debt now (lots, although nothing compared to private debt).

National have indeed turned the state of the books around.  Just not in a good way.

23 comments on “Turning around the books”

  1. mickysavage 1

    My personal suggestion to David Cunliffe on how to respond to Key next time when he says that Labour left the country with a decade of deficits is to say that it was not Helen Clark and Michael Cullen but …

    Wall Street
    Bear Stearns
    Morgan Stanley and my personal favourite
    Merrill Lynch

    • Colonial Viper 1.1

      Very clever.

      The ‘fact checking’ approach in of itself is necessary but not sufficient. The symbol of bankers playing fast and loose with big numbers and big assets to the detriment of us all…that’s an idea which people get.

    • tc 1.2

      Didnt blinglish praise cullen in the house for leaving them such a good set of accounts…..from which they could plunder.

      its on record so an easy one to throw straight back at shonkey showing him up for the bs’er he is.

  2. karol 2

    Word on twitter is 67% voted “No” in the referendum.

    895,322 No votes
    4,000+ informal votes

  3. SPC 3

    Referendum provisional results: 1,333,402 votes.
    Yes (sell): 432,950,
    No (don’t sell) 895,322.
     
    Turnout: 43.9%

  4. phil 4

    xox
    NZ Rocket science 101
    Sell off State assets = less government influence in NZ
    Lower INCOME tax = less government services
    Government provides less services = government loses public credibility
    Change government = government loses more credibility. Further reduce Government.
    Award winning Pike DISASTER = government failure
    Fairfax, Murdock, SKY = death of Non commercial NZ Public Broadcasting
    Fonterra god zone = 100% pure cow ****
    Luxury cars sales booming = child poverty booming
    House values soaring = homelessness booming
    Wealthy migrants moving in =
    poor Kiwis moving out.
    Demockary = NZ today

    NZ leading the world = Transparency/least corrupt country in the world!?

  5. Dumrse 5

    Piss poor turn out and hardly the result anticipated by rusty norman. Don’t get too excited. Sorry, did I forget to say the sale process is over, over. Get over it.

    • SPC 5.1

      A 2 to 1 majority opposed to the sales is in accord with the polls. The idea that those opposed would dominate the turnout was undermined by realism – the government has effectively said that they would not listen even if 99% turned out and voted no.

    • weka 5.2

      “Piss poor turn out”

      The last two referenda outside of a general election got turnouts of 56% and 27%. This one got 44%. I think you need to reassess your definition of piss poor.

      Then there is the issue of how many people didn’t get their papers, or didn’t get them in time.

      • happynz 5.2.1

        Yup. My partner and I didn’t receive our papers. Perhaps because we are overseas…who knows?

    • appleboy 5.3

      Dumarse indeed. Only bigoted greedy nasty up themselves right wingers could think that non voters in the referendum support John Key.

      What the %%% Assets generations of kiwis owned sold to less than 4%. How do you sleep you right wing twats.

    • Paul 5.4

      What a nice person you are.

  6. AmaKiwi 6

    Reality check: To date 9 National MPs are not standing for re-election.

    That says it all.

    Nat-rats abandoning the sinking ship.

    • Paul 6.1

      Just wish about 9 members of the Labour caucus left as well.
      Goff, Mallard, King, ….

      • Lanthanide 6.1.1

        I have to say, I actually quite like Goff. Whenever he talks about the defense force he really sounds like he knows what he’s talking about.

      • David H 6.1.2

        Maybe they just need a little hint that it’s time to go. Like a shitload of E-mails saying it’s time to Resign.

    • JK 6.2

      Not abandoning, AmaKiwi, more likely “pushed” to make way for more corporate-leaning MPs

  7. Tracey 7

    Keys lie yesterday was one of his worst and easiest to highlight when quoting.

    although his supporters wont address it even they cannot deny he has lied this time. It is irrefutable even by them. So now they hsve to work even harder to rationalise the lying. Funny thing is I dont believe his supporters who post here are actually all better off under national. I suspect most of them are still believing they will be beter off. Soon. In the future. They are not rwnj they are dupes and getting more willing by the day

  8. Molly 8

    Government debt statistics could easily be found in this spreadsheet from Reserve Bank but that form of reporting was discontinued – along with a lot of other useful info in June this year. (Just in time to make it difficult to track the escalating debt up to 2014?) December 2008 had the official government debt at $18.86 billion.

    Now you have to visit Statistics NZ, Open/download the Balance of Payments and International Investment position Quarterly report, select Table 11: International financial assets and liabilities then and add two figures together to get the debt:
    Add Line 29 General Government + Line 30 Monetary Authorities to get the same data that has been reported in the discontinued Reserve Bank report.

    To save some time (and sanity) the latest figures are below:
    2012 Dec $52.481 billion (same as final data on Reserve Bank spreadsheet)
    2013 Mar $56.773 billion
    2013 June $50.913 billion

  9. Tracey 9

    Lanthanide

    he said the books were a mess when he took over and he has turned them round and accordingly there is money for labour to buy back the assets.

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  • Scrambled announcement policy on the hoof
    Paula Bennett’s scrambled desperate announcement that she will pay homeless people to move to the regions is just the latest evidence of the disarray this Government’s housing policy is in, Leader of the Opposition Andrew Little says. “This is policy… ...
    19 hours ago
  • Police Minister admits resolution rates fall short of expectation
    Police Minister Judith Collins has admitted in Parliament current burglary resolution rates are not meeting the expectations of our communities, says Labour’s Police spokesman Stuart Nash “Out of 284 police stations in New Zealand in 2015, 24 stations recorded zero… ...
    20 hours ago
  • Mojo Mathers: A better deal for animals in Budget 2016
    Currently we are failing animals in NZ. On the face of it farmed and domestic animals in this country have strong legal protection from abuse, cruelty and neglect. In reality it seems that only the very worst, most extreme cases… ...
    GreensBy Mojo Mathers
    20 hours ago
  • Metiria Turei: What we need from Budget 2016
    Every family deserves a warm decent home.  Everyone believes that. This housing crisis is just the latest consequence of a Government who puts the interests of the few wealthy people above the needs of NZ families.  Families are doing it… ...
    GreensBy Metiria Turei
    22 hours ago
  • Dairy exports fall of 11%: Budget action on diversification needed
    Dairy exports have fallen 11 per cent compared to this time last year, a fall of almost $1.5b, showing the Government must take clear action on diversifying the economy in tomorrow’s Budget, says Labour’s Trade and Export Growth spokesperson David… ...
    22 hours ago
  • Investors driving families out of homes in South and West Auckland
    Investors cashing in on skyrocketing Auckland house prices are driving families out of homes in South and West Auckland and causing homeownership rates in some of our poorest suburbs to plummet, Labour’s Housing spokesperson Phil Twyford says. “New analysis shows… ...
    1 day ago
  • Budget must deliver on paid parental leave
    Budget 2016 must deliver 26 weeks paid parental leave by April 2018 – anything less will be short-changing families, says Labour MP Sue Moroney. “My Bill which is before Parliament this afternoon has majority support and does just that. I… ...
    1 day ago
  • Key’s “brain fart” on tax cuts news to English
    John Key didn’t tell his own Finance Minister he was about to go on radio and announce he wanted $3b of tax cuts, just days after Bill English ruled them out, says Labour’s Finance spokesperson Grant Robertson. “In Parliament today… ...
    2 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    2 days ago
  • What I’m looking for in Budget 2016 – A better start for our tamariki
    Ensuring the best start for our tamariki is a priority for me in everything I do. And so in Budget 2016, my first budget as an MP, I looking for the Government to make a real investment in the wellbeing… ...
    GreensBy Marama Davidson
    2 days ago
  • Denise Roche: What I’m looking for in Budget 2016 Pt II
    Aotearoa’s new New Zealanders,  come to our country in vulnerable position: – often away from the culture, communities and families they know, sometimes in neighbourhoods without familiar faces and often encountering barriers to employment. With net migration at 50,000+ a… ...
    GreensBy Denise Roche
    2 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    2 days ago
  • Equal Pay and Budget 2016
    The last few years we’ve seen equal pay for women flagged as an undefined risk in the budget. This year we should expect to see this, as well as budgeted money to deliver equal pay to caregivers and funding for,… ...
    GreensBy Jan Logie
    2 days ago
  • A great Budget would
    A great Budget would embrace the challenge of our polluted rivers and move the money away from justifying the status quo water rules into cleaning up waterways. A great Budget would take the Ministry for the Environment freshwater budget and… ...
    GreensBy Catherine Delahunty
    2 days ago
  • Budget building materials policy backfires
    On the eve of this year’s Budget official figures show Nick Smith’s Budget 2014 centrepiece to reduce the cost of building materials has backfired, says Labour’s Housing spokesperson Phil Twyford. “Ministry of Business, Innovation and Employment officials have spent the… ...
    2 days ago
  • Smarter, Better, Cleaner, Stronger
    This Thursday Bill English will deliver his eighth Budget. Will it continue the trend of previous National budgets, making tertiary education less affordable, putting only token funds into innovation, and subsidising polluters? Budgets aren’t what they used to be. Once… ...
    GreensBy Gareth Hughes
    2 days ago
  • Govt must come clean on tax cuts in Budget
    National is making a mockery of the Budget process by dangling the promise of tax cuts but failing to include them in the Budget, says Labour’s Finance spokesperson Grant Robertson. “National’s tax cut promises have turned into a farce. One… ...
    3 days ago
  • Grant Robertson Pre-Budget Speech
    Today I want to talk about success. As we know success can come in many different forms, from the fact you all made it here at such an early hour on a Monday, for which I am very grateful, to… ...
    3 days ago
  • Budget must deliver for middle New Zealand
    The Government must ensure next week’s Budget stops the squeeze on middle New Zealand and delivers shared prosperity for all New Zealanders, Leader of the Opposition Andrew Little says. The call follows new research commissioned by Labour that shows working… ...
    4 days ago
  • Our housing emergency – why we have to act
    Marama and Metiria at Homes Not Cars launch On Thursday, Metiria Turei announced the Green Party’s plan to start addressing the emergency housing crisis facing our country. Too many people are without homes right now – homeless. It is the… ...
    GreensBy Marama Davidson
    5 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    6 days ago
  • Will funding boost for sexual violence services go to the right places?
    This week the Government announced $46million for sexual violence services. This announcement was a result of decades of work by advocates and everyone who submitted to the Select Committee inquiry into funding for sexual violence services that I initiated with… ...
    GreensBy Jan Logie
    6 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    6 days ago
  • Denise Roche – What I’m looking for in this year’s Budget
    Two of the things I’ll be looking for in the Budget next week are more funding for refugees and for our arts and culture sector. More funding for refugees I’m a strong supporter of the #DoubleTheQuota campaign and its goals… ...
    GreensBy Denise Roche
    6 days ago
  • Car rego victims must get a refund
    Motorists who have been overcharged for their car registration should get a refund, says Labour’s Transport spokesperson Sue Moroney.  “Minister Nikki Kaye’s ‘faulty risk’ rating scheme has blown up in her face with over 170 different models of car having… ...
    6 days ago
  • Council statement shows they just don’t get it
    The Auckland Council’s statement today shows they don’t understand the problems created by the urban growth boundary, says Labour’s housing spokesperson Phil Twyford.  “I have been the first to defend the Auckland City Council when Bill English has been blaming… ...
    6 days ago
  • Inspecting electronic devices a potential privacy threat
    Labour is expressing concern for New Zealanders’ privacy rights as the Government signals Customs will have the power to inspect electronic devices coming across the border, says Labour’s Customs Spokesperson Rino Tirikatene. “We agree that customs officers should have the… ...
    6 days ago
  • The Price of Water
    This week I hosted a public meeting at EIT in Hawkes Bay to discuss how we might put a price on the commercial use of water, so that water may be valued and treated more sustainably. I invited a… ...
    GreensBy Catherine Delahunty
    6 days ago
  • Caption It NZ!
    Today I received a petition from the NZ Captioning Working Group urging the government to legislate for accessibility via closed captioning for deaf and hard of hearing New Zealanders. It was timely because today is the fifth Global Accessibility Awareness… ...
    GreensBy Mojo Mathers
    7 days ago
  • Older Kiwis to miss out on electives
    The Government is not doing enough elective surgery to keep up with New Zealand’s ageing population, says Labour’s Health spokesperson Annette King.  “It’s damning that the targeted national intervention rate for cataract and knee and hip surgery is the same… ...
    7 days ago
  • Most principals say their college is underfunded
    The Government must substantially increase funding for secondary schools in next week’s Budget after a new survey found 86 per cent of principals consider their college under-resourced, Labour’s Education spokesperson Chris Hipkins says. “Just 14 per cent of secondary principals… ...
    7 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    7 days ago
  • Bill English and Nick Smith on different pages
    The Government’s support for Labour’s policy to remove the Auckland urban growth boundary is good news, but National needs to clarify its position, Labour’s Housing and Auckland Issues spokesperson Phil Twyford says. “The Acting Prime Minister has acknowledged our position… ...
    7 days ago
  • Labour calls for independent inquiry into illegal fish dumping
    The Labour Party is reiterating its call for an independent inquiry into New Zealand’s fishing industry after two reports revealed the Ministry for Primary Industries turned a blind eye to widespread fish dumping in New Zealand waters, says Labour’s Fisheries… ...
    1 week ago
  • Mt Karangahake and Newcrest Mining
    On Wednesday and Sunday of last week the local residents of the Karangahake mountain in the Karangahake gorge of Hauraki/Coromandel peacefully protested against a gold mining drill rig on private land adjacent to the DOC land. The drilling rig was… ...
    GreensBy Catherine Delahunty
    1 week ago
  • Robbing Aucklanders to pay Rio Tinto
    New Zealand’s national electricity grid stretches the length of the country and contains some 11,803 kilometres of high-voltage lines and 178 substations. It wouldn’t make sense for competing power companies to duplicate and build their own expensive electricity transmission system… ...
    GreensBy Gareth Hughes
    1 week ago
  • Government should abolish Auckland urban growth boundary
    The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Over 25 years the urban growth boundary hasn’t… ...
    1 week ago
  • Kiwis don’t want iPads for Land deals
     It is outrageous that schools are relying on money and iPads from foreign land investors to meet the learning needs of their students, says Labour’s Education spokesperson Chris Hipkins.  “Several OIO land applications by offshore investors have claimed that without… ...
    1 week ago
  • Homelessness – National has failed all of us
    A young South Auckland Māori woman recently tried to get hold of me around midnight. I missed her call. The woman wanted me to know the sharp reality facing too many families looking for a stable place to live. Things… ...
    GreensBy Marama Davidson
    1 week ago
  • Moko case should never have been manslaughter deal
    Confirmation again yesterday that the manslaughter charge in the Moko Rangitoheriri case was a deal done by the Crown Prosecution Service is justifiably the cause of outrage, says Labour’s Children’s spokesperson Jacinda Ardern.“This should never have been a case where… ...
    1 week ago
  • Overseas investor funds school’s digital devices
    The Government must address the inequality laptops and tablets in classrooms are causing after a Queenstown school was forced to use a donation from an overseas investor to get their students digital devices, Labour’s Education spokesperson Chris Hipkins. “Documents obtained… ...
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Child Youth and Family Review and Domestic Violence
    This Government has consistently failed to recognise the links between Child Youth and Family Services (CYFS) and intimate partner violence. For me, the recent review of CYFS has highlighted this misunderstanding of the dynamics of domestic violence and its impacts… ...
    GreensBy Jan Logie
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Canterbury rebuild: How wood is a better choice for the new city
    It was interesting to attend the ForestWood Conference in Auckland recently and learn about the extent of innovation in the wood processing and manufacturing sector. The forestry sector may be New Zealand’s third largest export earner, but raw logs make… ...
    GreensBy Eugenie Sage
    1 week ago
  • Key plucks $3b out of thin air – reckless and irresponsible
    John Key refuses to give up on his dream of tax cuts to the wealthy, despite being shot down by Bill English, and is resorting to plucking numbers out of thin air, says Labour’s Finance spokesperson Grant Robertson. “On radio… ...
    1 week ago
  • John Key woefully out of touch on homelessness
    John Key is completely out of touch if he thinks desperate South Auckland families forced to live in cars can simply go to Work and Income for help, Opposition Leader Andrew Little says. “Many of these families are working and… ...
    1 week ago

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