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‘Give me warning next time’, Key whimpers

Written By: - Date published: 4:08 pm, October 13th, 2008 - 44 comments
Categories: economy, election 2008, helen clark, john key, labour, national - Tags:

While Key was blathering on about who-cares-what yesterday, Clark announced a radical and forward-looking economic stimulus package. Now, Key is having a cry over Clark not notifying him beforehand of the deposit insurance scheme. As if the Prime Minister needs to seek the approval of an opposition party before setting government policy.

Key whines that monetary policy has been bipartisan for 20 years. Not true. Both major parties accept the system set up by the Reserve Bank Act but it has never been true that modifications are agreed by them both before being implemented. It is the Government’s job to govern; the Prime Minister’s job to lead when leadership is needed.

Key is just upset because he ended up looking like a dork yesterday but that’s his own fault. He and his advisors should have known what was coming, everyone else did. Does he expect the Government to give its policy to the other side for them to announce? Sorry, that might be the National way of doing things but it’s not what responsible governments do. Next, he will want Clark’s speeches sent to him for preapproval.

Key needs to get over it and get focussed on the debates. As an avalanche of Labour policy is released over the next few weeks, National’s only hope is for him to shine going up against Clark. With National’s poll numbers sliding, Key will have to put all his media training to work or watch his hopes of adding ‘PM’ to the CV slip away.

44 comments on “‘Give me warning next time’, Key whimpers ”

  1. Higherstandard 1

    “radical and forward-looking economic stimulus package.”

    Have you looked up what radical and forward thinking mean in the dictionary ?

  2. Steve – I think HS means forward as in “forward to the 1990’s”…

    HS – I reckon you should stop relying on that dictionary of antonyms for all your research… It makes you look like you get everything arse-backwards…

  3. higherstandard 4

    Unlike yourself who tends to get everything ass-backwards.

    There was nothing from either National or Labour that has been radical or foward thinking in response to the current economic climate you two clearly have election fever and are living in some sort of delusional state.

  4. higherstandard 5

    Note to self … check spelling before posting !

    Nice purple though.

    [lprent: will fix…..]

  5. Unlike yourself who tends to get everything ass-backwards.

    Ba dom tsch! HS – You’re neither funny nor clever. I only hope you’re pretty ‘cos otherwise you have really really really got a raw evolutionary deal…

  6. HS. Labour is proposing training allowances to upskill workers as labour demand drops off, they are making money available for councils to do important local infrastructure work with their unemployed.. that’s not how we’re used to seeing govts in the age of neoliberalism react to downturns.. it’s not business as usual. It’s real Keynesian economics, it is a radical solution.. and it’s looking not only at making the best of a bad situation but also how to emerge from the recession stronger.

    Now, I want them to announce WINZ will be replacing the labour hire companies.. that would be another radical step in the right direction.

  7. higherstandard 8

    Indeed if that was the case at least I’d be batting at 33% by all accounts you’re batting at nil on all counts.

  8. “Now, I want them to announce WINZ will be replacing the labour hire companies.. that would be another radical step in the right direction.”

    I’ve been in and out of a couple of labour hire companies in over the last 3 years, and that sounds like a bloody good idea to me.

  9. randal 11

    kitno…that would be a good start. Winz have been sitting on their asses ever since rankin took over and started handing out bonusses for not finding people jobs!

  10. Scribe 12

    SP,

    Key is just upset because he ended up looking like a dork

    Let me guess: Tomorrow he’ll have cooties.

  11. Point of order..

    Did Mr Key advise the PM of his determination to intervene in regard to the NZRB lowering the OCR last week..?

    Not tit-for-tat you underestand (me I mean to say) just asking..

  12. Felix 14

    Well that’s actually a point of debate, or a point of information.

    I miss question time.

  13. Daveski 15

    Again, SP never fails to disappoint. When you could have easily said great policy but given the extent of the crisis this should have been discussed across party lines.

    The problem with taking such a rabid partisan/pro-Labour (not left) view is that regardless of the behaviour we see from Labour, you will justify it.

    So even though this is the biggest financial crisis we are facing and this is a fundamental commitment of Biblical proportions, you still see no problem with Labour using this as an election gimmick? From TV3 report, it appears this was not what the RB recommended either.

    What about the convention that no major decisions are made this close to the election??

    [it’s not for the RB to decide on political decisions such as who is advised of policy before it is released. That is the Government’s decision. There is no precedent for other parties to be consulted on monetary policy. And major decisions can sometimes be made when the timing necessitates it – the start of the USFTA talks was an example. SP]

    At least we know that the election is about trust.

  14. r0b 16

    What about the convention that no major decisions are made this close to the election??

    In case you haven’t noticed Daveski, we are not living in conventional times. There’s a bit of a crisis going on. The only ones not praising this timely and excellent action are those that are so obsessed with partisan political advantage that they can’t see things in any other terms.

    This crisis, and the required response, are bigger than our local politics.

  15. Peter Wilson 17

    Yep, John Key came across as a total dork on 3 News tonight. His anger and frustration at being well and truly outstaged was displayed for all the nation to see.

  16. Hamish 18

    Are you joking? The Reserve Bank even acknowledged that the National party had a right to be consulted on such a pressing issue as this. They advised the Labour Party to do so; however they were blocked by Michael Cullen.

    This issue is not simply one of ideologies or party lines. Yet even when Labour politicises the un-politicisable, the Standard is there to defend them. You truely are the mouth piece of the labour party.

  17. Warning test. Lock and loaded. Ready steady.

    [lprent: Ummm I was about to note that you still have two weeks to go. But I’ll cut two weeks off your sentence for pretty good behavior – minimal (for you) appearances in other guises.

    My curiosity just overtook my sense of caution because I want to see what the d4j view is on the sea change in the political landscape. Just don’t piss off Irish or other moderators. Please check your previous comments for those little bold notes so you don’t have clocking up the ban counter exponentially. ]

  18. gobsmacked 20

    There are a few basic campaign rules, and Key is breaking one of them. The voters don’t care if a politician feels hard done by. On the list of people’s concerns, it comes rock bottom. And Key still going on about it 24 hours later is just dumb.

    Another day wasted for National.

  19. DonaldDuck 21

    Damn, you Socialists really are a disgustingly stupid pack of idiots, aren’t you?

    You ‘people’ are so intellectually deficient that calling you human is insulting.

    Foul, idiotic creatures!

  20. randal 22

    never argue with idiots like donaldducks. they drag you down to their level then beat you with experience. you need a shower duck!

  21. Daveski 24

    r0b – agreed with the problem, the size of it, and the necessity (albeit given to external factors). None of that justifies a major breach of convention or even common sense. Why wouldn’t you seek cross-party support UNLESS you were looking to politicise it for your own advantage.

    I bet this behaviour by National would elicit a completely different response here.

    And DD you’re not really helping the team mate!

  22. mike 25

    At least Bollard had the decency to apologise for letting Cullen block him from consulting Key.
    Good to see Labour flip flopping on the nanny-state shower pressure policy tonight too.

  23. Andy 26

    Donald Duck – Wow, just wow, that’s some raw anger. Probably what Key/English are thinking as they slowly lose their grasp on the Treasury Benches! What a bad couple of weeks for National.

  24. dk 27

    Sure, but Key & co would have fed the information to their mates in the market for insider trading purposes & then blamed Labour for leaking the information.

  25. randal 28

    dk…I lol’d.

  26. I quite honestly don’t believe that key can act in a non partisan manner, even in a time of crisis like this.

  27. forgetaboutthelastone 30

    ‘I bet this behaviour by National would elicit a completely different response here.’

    JK did not consult with HC about his request for the RB to drop interest rates last week. It turned out to be a flop so no one cared. Labour’s effort was a great success. So you righties get to have a good cry.

    cry more.

  28. Principessa 31

    One word for JK- Diddums.

  29. John Christian 32

    I guess the real issue is why Bollard and Whitehead didn’t tell the Labour Party (because after all it was the Labour Party’s interests that were being served by not consulting, not the interests of stable economic management or the integrity of the constittuional arrangements) that they wouldn’t implement the policy unless other parties were involved. SSC’s Rennie also seems to have been lost in action too.

    [because they are public servants and public servants must, within the law, follow the directions of the elected Government. If they didn’t we would not be living in a democracy. SP]

  30. Felix,

    Question time..?

    Whatever, I reckon how between us we can agree to three ‘point’s..

  31. Pascal's bookie 34

    John, did Key consult with anybody before his little outburst about how Bollard must cut the rate immediately?

    What was that all about anyway? I ‘spose if I was Cullen I wouldn’t consult Key either. First you’d have to explain the RB Act, then you’d need to explain independence, then it’d be something else. Key is not ready for prime time and it’s showing.

  32. gobsmacked 35

    Maybe this was Bollard’s way of telling John Key to fuck off, next time he feels like telling the Governor how to do his job.

    From Stuff website, Thurs:

    National Party leader John Key today gave Reserve Bank governor Alan Bollard the message that New Zealand interest rates need to come down, and the sooner the better. …

    “I think it would be in New Zealand’s best interests for those interest rates to come down as rapidly as they can, hopefully before October 23,” he said. …

    “I think for the health of the banking system, and for confidence in the New Zealand economy, interest rates should come down now.

    “It’s the reserve bank governor’s decision and I’m sure he’ll monitor that, but I think they should be going lower, a minimum of 50 basis points and you can’t rule out a bigger cut.”

    (Next time John, just send in your CV. Better leave out Merrill Lynch)

  33. Well it’s all going terribly wrong for National. First the tax cut promise debacle, the Kiwisaver, R&D debacle, the next round of cocktail recordings, now this total lack of competence and foresight in the latest round, followed by a crying and humiliated John Key.

    It can only get worse; bring on tomorrow night!

  34. appleboy 37

    I love it – Key was looking very tired and far less upbeat today over this…4 weeks to go and the wee pup will be in tatters…

  35. This is John Key. John is having a cry about not being in government. Harden the fuck up John!

  36. rave 39

    Key is how saying that the deposit guarantee should extend to interbank loans.
    Wow! That’s another step towards nationalisation for free market ideologues. After all who is going to guarantee Aussie banks against defaulting on their loans to even bigger banks without taking oversight of the risk of their investments?
    Oh I forgot, handing out money for jam is the whole point of socialism for the rich while their poor customers are already over the limit on their credit card.

  37. Pascal's bookie 40

    Now Wodneys having a wee cry.

    http://www.stuff.co.nz/vote08/4726728a28435.html

    Not fair. Damn Maori gettin’ more votes than good RWNJ’s.

    Don’t read that article out loud to your dog, unless you want to watch it’s ears bleed.

  38. Dom 41

    OMG – Rodney, are you crazy! To be honest, I’m not a fan of any party based on a ‘status’ (I’m gay and Middle Eastern and wouldn’t join a party that was based on either of those) but that’s democracy Rodney, get over it.

  39. tracey 42

    Does anyone know, for certain, ie post a quote/link, that it IS convention for such a policy to have been disclosed/discussed prior to announcement? I’m trying to remember if Muldoon called in Labour to discuss devaluation?

    Rodney says he despises WP’s populist pandering including racism etc… And her eis Rodney rampin gup the red-neck vote, to go with law and order, two very transparent populist buttons.

    Did we pay Rodney to dedicate 7 hours a day to Dancing with the Stars? Just wondering cos he is the perk/gravy train buster. Kudos to him on his weight loss, and keeping it off.

  40. tracey 43

    I would like to see VERY tight criteria for investment companies getting the guarantee. It would be a shame to reward them at a time they have performed most poorly. John Key has had very little to say since Blue Chip went under? I thought this was his area of expertise?

    Some experts saw this crisis as far back as 2000. It’s a fascinating read.

    One Bank Under God http://www.alternet.org/story/658/one_bank_under_god/

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