The Key/English odd couple continue to give us a sweet and sour mix of messages – one with rosy promises that the recession will be over any day and the other issuing dark threats that we can’t have a stimulus package only public service cuts.
In the real world there is a real economic disaster going on.
We don’t know how bad it is in New Zealand yet because our unemployment statistics take months to be published, although the number of people on the dole has doubled since National came to power.
In the US they publish their unemployment figures every month and we can see this isn’t an ordinary recession.
This graph was produced in December. I’ve updated it for the last two months. I had to add more graph.