Written By: - Date published: 6:37 am, June 9th, 2011 - 54 comments
So, that’s National’s great big plan: get rid of our electricity assets and use the cash to build more prisons. Not much of a brighter future there. National still hasn’t come up with a convincing reason why we would sell highly profitable monopolistic companies. Instead, we’ve seen a series of weak excuses. Now, English has revealed the truth.
Written By: - Date published: 9:59 am, June 8th, 2011 - 29 comments
Do you remember back in the day when Bill English didn’t want to put any money into the Cullen Fund? Remember how we were smugly told that borrowing to save was foolish? Well, since then the Cullen Fund has made a fortune and, we know learn, the government has been borrowing to build up savings for the Christchurch rebuild.
Written By: - Date published: 10:57 am, June 7th, 2011 - 14 comments
Don Brash has attacked Bill English’s budget which he says fails to lay out a plan for New Zealand. The reality, I think, is that both have plan however there is little or no future in either plan. Neither Brash nor English have laid out a plan which deals with the present and quite near problems we will face.
Written By: - Date published: 7:25 am, June 6th, 2011 - 68 comments
All of a sudden National and ACT are sounding vaguely sensible on crime and prisons. There seems to be a golden opportunity to reach a cross party consensus, and get some evidence driven policy and practice in this area. Who is going to make the first move?
Written By: - Date published: 8:26 am, May 21st, 2011 - 12 comments
As I think you can tell from the budget speech, that Bill English is quite a funny guy…
Written By: - Date published: 11:29 am, May 20th, 2011 - 26 comments
I was listening to John Key on Parliament TV last night on the budget and he is bloody lazy when speaking. I had to watch his lips before I could figure out what he was saying. This morning there is a video of his remedial vocal work that illustrates this problem..
Written By: - Date published: 10:00 am, May 19th, 2011 - 108 comments
It’s only taken two and a half years of mismanagement and reckless tax cuts from to run the country into a mountain of debt. How bad have they let things get, who will they make pay for their mistakes, and how rosy will the forecasts their plans hang on be? Rolling coverage through the day.
Updates: Plans for privatisation are set out. Families hit harder than expected.
Written By: - Date published: 7:03 am, May 19th, 2011 - 25 comments
So, today is Budget day. The big stuff has all been pretty well signposted, tinkering with KiwiSaver, Working for Families, and student loan eligibility. The devil will be in the details of all the cuts that get made to try and limit the damage in health and education.
Written By: - Date published: 8:05 am, May 14th, 2011 - 61 comments
What is going to happen to the “old” BMW limos when the government gets rid of them? The franchise that just donated $50,000 to the Nats has said it wants its share of the “honey pot”. I wonder if the Nats will oblige?
Written By: - Date published: 9:31 am, May 12th, 2011 - 26 comments
John Key has announced National’s third reform of Kiwisaver in 3 years, saying the government’s contribution will be cut and made up with higher minimum contributions from members and their employers. It’s an embarrassing flip-flop from the government that cut default contribution rates and shows no plan for the future.
Written By: - Date published: 9:28 am, May 6th, 2011 - 28 comments
Judith Collins has joined the long list of National MPs with their hands buried up to the elbows in the taxpayer’s pockets. She claims it was all within the rules. That doesn’t make it right.
Written By: - Date published: 9:08 am, April 13th, 2011 - 20 comments
Bill English managed to cause quite a fuss this week with his claim that New Zealand had a “competitive advantage” due to factors like our low wage economy. Another of the factors that English cited was how “pragmatic” the public are as the Nats ram through their economic changes…
Written By: - Date published: 2:30 pm, April 11th, 2011 - 19 comments
The Crown BMWs are back in the news. One will have a $1000 underseat heater to keep a worthy’s arse toasty. Based in Dunedin. For “long-distance and long-duration movements”. Hmm. Who flies to Dunedin for a 3 hour drive to Dipton occasionally? Guess you need that heater against the Southern cold when you’re used to balmy Karori.
Written By: - Date published: 10:30 am, April 11th, 2011 - 105 comments
National came to power promising to close the wage gap with Australia. Not only have they failed to fulfill that promise but Bill English now portrays it as a good thing. His appearance on Q+A yesterday only confirms how out of touch National is: determined to sell our assets for no good reason, against our will, and happy with our low wages.
Written By: - Date published: 11:41 am, April 9th, 2011 - 56 comments
Bill English has given up any pretense of closing the gap with Australia by 2025. Now, he is claiming the wage gap is a good thing and admitting higher productivity isn’t the cause of the wage gap. Meanwhile, Fran O’Sullivan slams Key and English’s ‘fingers crossed’ approach to handling financial crises.
Written By: - Date published: 12:45 pm, April 8th, 2011 - 13 comments
As it is the end of the working week many people are likely in need of a good laugh. With the budget due out next month it’s worth reviewing the words of well known comedian and magician (able to make economic growth disappear before your eyes) Bill English. Minister English cracked this opening joke during his 2010 delivery.
Written By: - Date published: 8:52 am, April 6th, 2011 - 29 comments
The saga of South Canterbury Finance just keeps getting worse and worse, with news yesterday that the taxpayers’ bill for the bailout rose by a further $300 million due to the costs of “insider loans”. Why are we spending $1.2 Billion (and climbing) on a stuffed company?
Written By: - Date published: 7:17 am, March 31st, 2011 - 116 comments
Bill English wants to cut things that are “nice to have”, like the adult education classes (that he used to praise in opposition), and keep “necessities”, like tax cuts for the already wealthy. This is the kind of economic “wisdom” that has Bill leading us into an all time record budget deficit.
Written By: - Date published: 7:13 am, March 24th, 2011 - 49 comments
The PM and the Minister of Finance are at odds on how the cost of rebuilding Christchurch will be met. Bill English thinks that the costs are too high to be met by cuts, and significant borrowing will be required. John Key wants to avoid borrowing and cover the costs with budget cuts. This disagreement is indicative of the Nats shambolic preparation for the road ahead.
Written By: - Date published: 9:16 am, March 9th, 2011 - 23 comments
Last week, John Key said that, due to the earthquakes, “from June to June, my guess is that we’ve lost $12 billion in GDP”. Later, he said it was $15b over 4 years due to the quakes. Now, Treasury says most of that $15b is from the recession Key and English had led us into before the quakes. The Nats are trying to use the quakes to hide their failings.
Written By: - Date published: 9:34 pm, March 2nd, 2011 - 81 comments
English on Working for Families cuts: “around 1,000 families earning over $100,000 receive WFF, and payments to those families total only $1.1 million … Taking higher-income families out of WFF saves very little money …
In this uncertain economic climate, we want to give all families certainty about their incomes”
Written By: - Date published: 8:27 pm, February 16th, 2011 - 37 comments
Key says he didn’t know about the BMW purchase. Funny cause on Tuesday, English was taking responsibility: “we could go out and buy second-hand cars but one way or another cars need to be maintained”. The Nats try to blame Labour but the contract Labour signed says replacing the cars was optional without penalty.
Written By: - Date published: 9:30 am, February 10th, 2011 - 8 comments
8,000 more unemployed in Q4 2010, and 1,000 more on the dole in January; New Zealand headed to a douple-dip recession after a year of anaemic growth; an average wage rise in 2010 of 1.9% with inflation of 4%. And a government focussed on manipulating statistics instead of coming up with an economic plan.
Written By: - Date published: 7:07 am, February 10th, 2011 - 66 comments
By every significant measure our economy is a mess. Bill English is finance minister for what is looking increasingly like the most useless do-nothing NZ government in living memory. So is he working on a plan to put things right? Is he rolling out the big ideas that will get New Zealand moving again? No – he’s lashing out at public servants. Pathetic.
Written By: - Date published: 1:05 pm, January 10th, 2011 - 34 comments
Blinglish is confident that voters understand the economy and back the government’s (lack of) direction. In fact he better hope that voters don’t understand the economy, or notice National’s lack of help to an economy shedding jobs and headed into double-dip recession, or he won’t get voted back in.
Written By: - Date published: 10:26 am, January 6th, 2011 - 54 comments
What’s to stop a government minister taking taxpayer money and giving it to, say, a family friend or a political slush fund? In theory, lots. There’s a formal budget-formation process through the ministeries and Cabinet, the Budget then has to be approved by Parliament, and the PM would sack any minister who tried such blatant corruption. Wouldn’t he?
Written By: - Date published: 9:54 am, December 24th, 2010 - 32 comments
The day before Christmas, in what will surely be a forlorn attempt to bury the story, Bill English’s office has finally relented after months of resistance and released under the OIA papers on how the unknown Pacific Economic Development Agency was awarded a $4.8 million blank cheque in the Budget. This looks serious.
Written By: - Date published: 7:13 am, December 16th, 2010 - 67 comments
Tax cuts don’t cause growth, and even some of the right wing commentators are starting to admit it. The Nats’ tax cuts aren’t “broadly neutral” either, and that is why the deficit is blowing out. National’s one and only economic policy is busted. Now what?
Written By: - Date published: 10:34 am, December 8th, 2010 - 34 comments
You not only can expect to be spied on more after an overhaul of the SIS, but you sure as hell shouldn’t be allowed to know how they are going to do it. It’s your freedom they’re protecting, so you should expect a reduction in liberty to achieve that. And we certainly can’t be allowed […]
Written By: - Date published: 12:27 pm, November 19th, 2010 - 15 comments
National Bank has joined NZIER in estimating the economy shrank 0.2% in the September Quarter and all the projections say it’ll go backwards this quarter too. Bill English now admits John Key’s ‘rapid recovery’ isn’t happening. But he insists it’s coming – tomorrow, no, the day after for sure. We’ve just got to keep waiting…
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