web analytics

Good work by Parker

Written By: - Date published: 9:34 am, August 25th, 2012 - 25 comments
Categories: david parker, economy, labour, national - Tags: , ,

David Parker got stuck in to the Nats’ lack of economic record last week. He has abundant material to work with of course, but he did a good job of it too:

Parker gives National’s economic policies a ‘fail’

Labour finance spokesman David Parker yesterday produced what he called a “road test” on National’s economic policies and gave it a”fail.” He argued that Labour had more substantial policy alternatives to National’s”micro interventions.”

Mr Parker said National had failed to close the wage gap with Australia; to create more jobs, to lift wages, to have 40 per cent of the NZ Super Fund invested in New Zealand, the reduce income equality, and to build a more prosperous and ambitious New Zealand.

“Instead of trying to complete its goal, this Government abandons them and creates new ones,” Mr Parker said. He said laundry lists are not strategy, citing Naitonal’s “120-point action plan;” 10-point better public services results target,” and the 11-point “Key commitments to you.”

Parker produced a 30 page report which is here (pdf). It is economically written, well presented, and well researched. It is packed full of quotes that damn National’s economic management out of their own mouths, with facts and figures, and with effective graphs. Everyone should read it.

But the report is not just a condemnation of National. It concludes with an outline of Labour’s alternative:


LABOUR’S SOLUTIONS
• Pro-growth tax reform.
• Changing tax incentives in the economy to promote growth in exports, with a capital gains tax and R&D tax credits.
• Growing our heartland, high-value manufacturing, processing
• A new vision for skills, education and training so that New Zealanders can take advantage of the job opportunities of a 21st century economy.
• Investing more in innovation and science.
• Modernising monetary policy. Labour remains totally committed to Reserve Bank independence, and the control of inflation.
• Saving more.
• Universal KiwiSaver.
• Tighter controls on foreign purchases of productive farm land and infrastructure.
• Prudent decisions about looming fiscal pressures, including age of eligibility for superannuation.
• Changing Gear – a new economy and a fairer society: labour.org.nz/news/changinggear

It will be good to see Labour put some flesh on those bones as the next election approaches. But for now, this was good work from David Parker.

25 comments on “Good work by Parker ”

  1. Raymond A Francis 1

    As you say tons of material to work with especially if you ignore what is happening to the rest of the world
    I understand why Labour is not keen to “put some flesh on those bones” because that will allow the Right to gizump them but really they just read as more of the same except for capital gains tax and raising age of eligibility for superannuation.
    Neither of those were winner last time even though both ae going to be needed if NZ is to prosper

    • Colonial Viper 1.1

      As you say tons of material to work with especially if you ignore what is happening to the rest of the world

      That’s what worries me about Labour’s list. It reads as if the GFC and subsequent Great Global Recession hasn’t happened and is still ongoing. It reads as if setting up various ‘market incentives’ are going to deliver what NZ needs to prosper in this new environment. Economic retrenching in both Australia and China, plus the fact that the rest of the world is printing money like its going out of fashion, is really going to hit NZ hard.

      • Draco T Bastard 1.1.1

        +1

        The BAU of the last century is no longer possible and making plans as if it is is in complete denial of reality.

  2. Bill 2

    So Parker and ‘Labour’ still believe in export driven growth? And remain “totally committed to Reserve Bank independence”? (How the fuck does that square with ‘modernising monetary policy?)

    So ‘Labour’ are saying, quite simply, that they have learned no lessons whatsoever from 30 odd years of neo-liberalism. And they somehow think they’ll achieve an electoral ‘big thumbs up’ for a proposition that would be a ‘Labour’ managed Structural Adjustment Programme term of government…fuckfuckfuckfuckfuck

    Seriously and angrily dumbfounded that they have the sheer fucking nerve to contemplate this ‘same old, same old’ clap trap.

    Good work, my arse!

  3. Draco T Bastard 3

    I’m still reading the PDF put out by Parker but this bit caught my eye:

    As the ANZ has said, these figures mean our economy is moving into the danger zone. It commented, “Our high investment income deficit and external debt underscore the need to lift nationwide saving.”

    The problem of which is our debt based monetary system. Saving actually reduces the money in circulation which will reduce GDP giving negative ‘growth’. This shows, quite clearly, that neither Parker nor the ANZ understand the present economy or they’re lying about it.

    • Colonial Viper 3.1

      +1

      Broadly increased savings by individuals means decreased spending into local communities = economic slow down.

      • Bored 3.1.1

        Bill, Draco, CV, need I say anything more but just echo your comments? + a lot.

      • Richard McGrath 3.1.2

        “Broadly increased savings by individuals means decreased spending into local communities = economic slow down.”

        So you’re saying that money invested in building societies, banks, credit unions and suchlike is like money hidden under the mattress?

        • Draco T Bastard 3.1.2.1

          “Saving” for most people is actually “not spending”. So, even though a few people are putting more in the bank the majority of people aren’t taking out new loans to increase the money in circulation. The decrease in spending also affects business because they can’t justify taking loans as business decreases due to people not spending.

          And then there’s the fact that the banks print money so, in a very real sense, having money in the bank ATM is equivalent to having money stuffed under a mattress.

        • Colonial Viper 3.1.2.2

          So you’re saying that money invested in building societies, banks, credit unions and suchlike is like money hidden under the mattress?

          Firstly, lets agree that the big 4 trading banks have over 95% of the market sewn up. Credit unions etc barely register on the scale.

          And yes, it is definitely money taken out of the circulation of the local community. And the only way it comes back is if the bank lends that money back into the community, taking as it does so interest and fees.

          That’s how ANZ-National is going to make a well over $1B profit this financial year.

    • muzza 3.2

      Yeah, and until one of our politicians begins to speak in public about such realities, then you take crap like this from Parker, and use it like the toilet paper it is!

      Parker: Exit stage right!

  4. bad12 4

    That inspires me not to the extent that i cannot even raise the energy to offer a criticism…

    • Colonial Viper 4.1

      That’s quite a sentence construction

      • bad12 4.1.1

        Yeah i manage to grind em out on occasion, needs, in my opinion, a comma after the word not to facilitate it’s perusal and comprehension…

  5. TighyRighty 5

    I knew this was parker mouthing more bullshit policy promises that labour won’t honour post election, should they win (More likely though they’ll uturn per-election), with the announcement labour will save more. Lies, the lot of it.

    • Colonial Viper 5.1

      more bullshit policy promises that labour won’t honour post election, should they win (More likely though they’ll uturn per-election)

      If they u-turn before the election and then stick to it, won’t they be effectively honouring their promises post-election?

  6. Draco T Bastard 6

    After spending a couple of pages telling us that Nationals bullet points aren’t a plan Parker gives us – more bullet points.

    I really don’t see anything in there that is anything more than BAU and BAU doesn’t work as the collapsing financial system and global economy show. There’s no “new vision” there at all.

  7. After spending a couple of pages telling us that Nationals bullet points aren’t a plan Parker gives us – more bullet points.

    Worse – more bullet points that aren’t a plan. “Pro growth tax reform?” “Growing our heartland, high-value manufacturing, processing?” Yeah, if only the current govt was capable of coming up with brilliant, innovative ideas like this…

  8. Blue 8

    I don’t know any swing voters who want to sit down and read a 30 page PDF put out by Labour.

    I also don’t know any journalists who’d bother themselves to write anything about it.

    What exactly was the point?

  9. Olwyn 9

    The thing is, the seeds of mistrust are already planted. I do not know how widespread they are among the voting population, but they have taken root among the broad left, and I say broad left, not just the extreme left. And it will take more than speeches like this one, or the removal of roof-painting men from future speeches, to dislodge them.

  10. prism 10

    I heard Parker speaking and he sounded well-informed and cogent with his points and facts.

  11. AmaKiwi 11

    Here’s a right winger’s view of leadership choices comparing Labour and National by Jane Clifton (Listener, 24 August 2012)

    “Labour at least has succession options. Cunliffe, Robertson, Little, Goff again, and down the track Ardern and newcomer David Clark, could all be imagined as party leaders. National’s the party with problems there. Steven Joyce might seem the obvious successor to John Key, as he runs everything that isn’t nailed down. But despite his high profile, he is barely a household name. Judith Collins has undoubted dominatrix appeal, but would be intensely polarising. After those two, the cupboard is bare.”

  12. David H 12

    Sorry Anthony but the first line should read
    David Parker got stuck in to the Nats’ lack of economic record for the first time, last week.
    Now if they can do that for another week or 3 then things maybe looking up.

  13. Nick K 13

    David Parker is trying to get the Reserve Bank to control BOTH inflation and the exchange rate. The Reserve Bank has got only one instrument, and that’s monetary policy. You can’t deliver two objectives with one instrument, and David Parker at least should have the brains to know that.

Recent Comments

Recent Posts

  • Environment Court Judge appointed
    Prudence Steven QC, barrister of Christchurch has been appointed as an Environment Judge and District Court Judge to serve in Christchurch, Attorney-General David Parker announced today. Ms Steven has been a barrister sole since 2008, practising in resource management and local government / public law.    She was appointed a Queen’s ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Government moves on climate promises
    The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation. “This will be an ongoing area of action but we are moving ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Jump starting research careers
    The Government is investing up to $10 million to support 30 of the country’s top early-career researchers to develop their research skills. “The pandemic has had widespread impacts across the science system, including the research workforce. After completing their PhD, researchers often travel overseas to gain experience but in the ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Project protects jobs and nature
    A Waitomo-based Jobs for Nature project will keep up to ten people employed in the village as the tourism sector recovers post Covid-19 Conservation Minister Kiri Allan says. “This $500,000 project will save ten local jobs by deploying workers from Discover Waitomo into nature-based jobs. They will be undertaking local ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Minister Shaw speaks with U.S. Presidential Envoy John Kerry
    Minister for Climate Change, James Shaw spoke yesterday with President Biden’s Special Presidential Envoy for Climate John Kerry. “I was delighted to have the opportunity to speak with Mr. Kerry this morning about the urgency with which our governments must confront the climate emergency. I am grateful to him and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Minister of Foreign Affairs makes three diplomatic appointments
    Foreign Affairs Minister Hon Nanaia Mahuta today announced three diplomatic appointments: Alana Hudson as Ambassador to Poland John Riley as Consul-General to Hong Kong Stephen Wong as Consul-General to Shanghai   Poland “New Zealand’s relationship with Poland is built on enduring personal, economic and historical connections. Poland is also an important ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Major redevelopment of Wainuiomata High School underway
    Work begins today at Wainuiomata High School to ensure buildings and teaching spaces are fit for purpose, Education Minister Chris Hipkins says. The Minister joined principal Janette Melrose and board chair Lynda Koia to kick off demolition for the project, which is worth close to $40 million, as the site ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New expert group appointed to advise Government on Oranga Tamariki
    A skilled and experienced group of people have been named as the newly established Oranga Tamariki Ministerial Advisory Board by Children’s Minister Kelvin Davis today. The Board will provide independent advice and assurance to the Minister for Children across three key areas of Oranga Tamariki: relationships with families, whānau, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • COVID-19 vaccine slated for possible approval next week
    The green light for New Zealand’s first COVID-19 vaccine could be granted in just over a week, Prime Minister Jacinda Ardern said today. “We’re making swift progress towards vaccinating New Zealanders against the virus, but we’re also absolutely committed to ensuring the vaccines are safe and effective,” Jacinda Ardern said. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New ACC Board members announced.
    The Minister for ACC is pleased to announce the appointment of three new members to join the Board of ACC on 1 February 2021. “All three bring diverse skills and experience to provide strong governance oversight to lead the direction of ACC” said Hon Carmel Sepuloni. Bella Takiari-Brame from Hamilton ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Economic boost for Southland marae
    The Government is investing $9 million to upgrade a significant community facility in Invercargill, creating economic stimulus and jobs, Infrastructure Minister Grant Robertson and Te Tai Tonga MP Rino Tirikatene have announced.  The grant for Waihōpai Rūnaka Inc to make improvements to Murihiku Marae comes from the $3 billion set ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Celebrating the Entry Into Force of the Treaty on the Prohibition of Nuclear Weapons
    [Opening comments, welcome and thank you to Auckland University etc] It is a great pleasure to be here this afternoon to celebrate such an historic occasion - the entry into force of the Treaty on the Prohibition of Nuclear Weapons. This is a moment many feared would never come, but ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Supporting disabled people to stay connected
    The Government is providing $3 million in one-off seed funding to help disabled people around New Zealand stay connected and access support in their communities, Minister for Disability Issues, Carmel Sepuloni announced today. The funding will allow disability service providers to develop digital and community-based solutions over the next two ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Voluntary saliva testing offered to quarantine workers from Monday
    Border workers in quarantine facilities will be offered voluntary daily COVID-19 saliva tests in addition to their regular weekly testing, COVID-19 Response Minister Chris Hipkins said today. This additional option will be rolled out at the Jet Park Quarantine facility in Auckland starting on Monday 25 January, and then to ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Next steps in firearms buy-back
    The next steps in the Government’s ambitious firearms reform programme to include a three-month buy-back have been announced by Police Minister Poto Williams today.  “The last buy-back and amnesty was unprecedented for New Zealand and was successful in collecting 60,297 firearms, modifying a further 5,630 firearms, and collecting 299,837 prohibited ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Jobs for Nature projects target iconic ecosystems
    Upscaling work already underway to restore two iconic ecosystems will deliver jobs and a lasting legacy, Conservation Minister Kiri Allan says.  “The Jobs for Nature programme provides $1.25 billion over four years to offer employment opportunities for people whose livelihoods have been impacted by the COVID-19 recession. “Two new projects ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Public Housing Plan announced
    The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government is committed to continuing its public house build programme at pace and scale. The extra 8,000 homes – 6000 public ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister congratulates President Joe Biden on his inauguration
    Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter to both our countries,” Jacinda Ardern said. “New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will create training and employment opportunities
    A major investment to tackle wilding pines in Mt Richmond will create jobs and help protect the area’s unique ecosystems, Biosecurity Minister Damien O’Connor says. The Mt Richmond Forest Park has unique ecosystems developed on mineral-rich geology, including taonga plant species found nowhere else in the country. “These special plant ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pre-departure testing extended to all passengers to New Zealand
    To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. “The change will come into force for all flights arriving in New Zealand after 11:59pm (NZT) on Monday ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Bay Cadets learn skills to protect environment
    Bay Conservation Cadets launched with first intake Supported with $3.5 million grant Part of $1.245b Jobs for Nature programme to accelerate recover from Covid Cadets will learn skills to protect and enhance environment Environment Minister David Parker today welcomed the first intake of cadets at the launch of the Bay ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cook Islanders to resume travel to New Zealand
    The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such as health. “Following confirmation of the Cook Islands’ COVID ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Supporting communities and landowners to grow employment opportunities
    Jobs for Nature funding is being made available to conservation groups and landowners to employ staff and contractors in a move aimed at boosting local biodiversity-focused projects, Conservation Minister Kiritapu Allan has announced. It is estimated some 400-plus jobs will be created with employment opportunities in ecology, restoration, trapping, ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exception for some returning international tertiary students
    The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began. The exception will allow students to return to New Zealand in stages from April 2021. “Our top priority continues ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Tiwai deal gives time for managed transition
    Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New member for APEC Business Advisory Council
    Prime Minister Jacinda Ardern has appointed Anna Curzon to the APEC Business Advisory Council (ABAC). The leader of each APEC economy appoints three private sector representatives to ABAC. ABAC provides advice to leaders annually on business priorities. “ABAC helps ensure that APEC’s work programme is informed by business community perspectives ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Govt’s careful economic management recognised
    The Government’s prudent fiscal management and strong policy programme in the face of the COVID-19 global pandemic have been acknowledged by the credit rating agency Fitch. Fitch has today affirmed New Zealand’s local currency rating at AA+ with a stable outlook and foreign currency rating at AA with a positive ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Additional actions to keep COVID-19 out of NZ
    The Government is putting in place a suite of additional actions to protect New Zealand from COVID-19, including new emerging variants, COVID-19 Response Minister Chris Hipkins said today. “Given the high rates of infection in many countries and evidence of the global spread of more transmissible variants, it’s clear that ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 19 projects will clean up and protect waterways
    $36 million of Government funding alongside councils and others for 19 projects Investment will clean up and protect waterways and create local jobs Boots on the ground expected in Q2 of 2021 Funding part of the Jobs for Nature policy package A package of 19 projects will help clean up ...
    BeehiveBy beehive.govt.nz
    3 weeks ago