Economy Nose Dives

Written By: - Date published: 6:42 pm, November 28th, 2024 - 8 comments
Categories: benefits, Christopher Luxon, Economy, economy, nicola willis, treasury, winston peters - Tags:

The economy is spluttering and Winston Peters blames National.

Here’s what we are looking at:

I wish someone had warned Nicola.

If only someone told her that austerity budgets deteriorate economic performance and harm the country.

If only economists had told her her fiscal policy was deepening and extending the recession

If only there was anyone in the room to plead that she should respond to facts before she borrowed $12b more for $15b of tax cuts

If only somone had the courage to call austerity austerity and speak to its social impacts.

If only, if only, if only.

Except we know that many did stand in front of Nicola and tell her what the inevitable path would be.

Source: Geoff Bertram of The Conversation

Even if she she could not fully comprehend detailed policy documents, Willis only had to look over to the UK to see the undeniable: crippling, systemic, entrenched and long term effects of austerity.

Source: ABC Australia

All of National’s policies will need to be paid back in the future for our country’s prosperity and well-being.

As Willis admitted in May on Jack Tame’s Q&A program, future generations will pay – either through increased taxes or more cuts in services.

It may have taken $10 to try to remediate once, but after austerity, it will take ten fold to recover.

That is the hidden explosive in what may appear to be budget cuts masked as ‘efficiency’ and ‘value for money’.

i.e. The unquantifiable, hidden cost includes e.g. the indomitable value of top talent and our best and brightest.

Talent and quality is often unquantifiable but anyone who has worked with, or hired, a motivated, passionate, thoughtful and competent worker versus those who are not – will know the truth of which I speak.

Inflation is another factor. It now costs ~40% more to build a bridge, and 30% more to build water or sewage systems in just three years.

And if, as National appear to be doing, they make decisions in silos e.g. build tunnels without considering the interconnections with public transport, local planning, and other routes – all this does is seed new, much larger problems into the future.

Ditto to their shameful climate change and environmental approach.

Earlier in the year, Louise Upton acknowledged her government’s policies would lead to brain drain, but concluded it was all just Labour’s fault.

That shows a drastic dereliction of duty at every level.

Is this the government that we voted for?

Who knew that cutting your own revenue base (taxes), losing our best and brightest overseas, and demolishing investments in health, infrastructure, climate change, science, technology, people, public services, education and anything outside of roads and doing businesses favours, would hurt this country?

But none of this is new.

National, Christoper Luxon and Nicola Willis were warned from the very outset – including from Treasury

The government’s plan is to use private money, sell off national assets where it can, and try to present “favourable” KPI results and budget numbers by the time the next election meaningfully rolls around.

So long as they have enough aligned commentators and media interests, they believe they will win.

But it’s a shell game, and one in which – outside of wealthy vested interests – no-one will be a winner.

VIDEO SUMMARY:

This article is a partial except from Economy Nose Dives: Mountain Tui

8 comments on “Economy Nose Dives ”

  1. Adrian 1

    How long do you give the bastards? I have never heard of partner parties criticising the main party’s leadership in such a blatant manner since the dawn of MMP, a wheel or two must fall off soon.

  2. Kat 2

    The reason we have this inept govt is a direct response to Covid, initially love, and then drummed up hatred, for our then PM Jacinda Ardern. The massive voter support levels in 2020 dropping to in a couple of years an almost complete reversal.

    It's the voters that put this ill equipped bunch of amateurs in charge. It's almost unbelievable that the fickle voter can sway from one side to the other but it happens and it could likely happen again in 2026….or before if there is an early election.

    Labour has to quickly counter the imminent Covid response report as it will be used as a distraction and means to focus blame for the current economic situation on the Ardern govt.

  3. Ad 3

    So we're in two full electoral terms of stagnation. Neither form of government has turned it around. Despite massive state interventions and $$$ billions of state subsidy. And theres no way out; secular stagnation.

    Has a remarkably similar appearance to "power down" and other fantasies.

    And it is ruinous for citizen, family, community, company, and state altogether.

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