web analytics

I’m confused

Written By: - Date published: 10:00 am, October 20th, 2010 - 32 comments
Categories: bill english, Economy, john key, overseas investment, wages - Tags: , , ,

Trying to get my head around the economic arguments going on. Hearing contradictory things. Who’s telling the truth?

ls Labour’s new overseas investment policy Stalinism that will ruin the economy, as Key claimed on Monday and Tuesday?
Or is the same as the existing law, as Key claimed on Monday and Tuesday?

Are we in a time of constraint when workers aren’t getting wage rises and teachers will have to lump it, as Key and Tolley said on Monday and Tuesday?
Or are we in a bizarre fantasy world where wages are growing faster than ever despite a recession and rising unemployment, as English claimed on Monday and Tuesday?

Is the economy growing faster under National than it did under Labour, as English is claiming?
Or is GDP per capita down 2% since National came to power, as Stats NZ figures show?

Have prices not being rising thanks to miraculous and unidentified National policies that someone determine the cost of vegetables?
Or did inflation go up 1.1% last quarter, led by vegetable increases, and did by savings just decrease in value 2.2% when National put up GST?

Guess they think we’re stupid.

On the last topic, check out Keith Ng’s post at Public Address, reprinted here this morning. Reckon Keith’s point 3 on the inflation bullshit is telling:

3) If English really wants to stake his government’s reputation on keeping down prices, he’ll need to resign in exactly three months, when the impact of GST flows through to the inflation statistics and they go through the roof.

English claiming credit for low inflation even though he must know the next figures will show an inflation spike. Shows desperate, short-term political tactics. No real economic strategy.

32 comments on “I’m confused ”

  1. ianmac 1

    Good idea Zetetic to gather the contradictions together. Seems a bit strange that the Nat strategists would script it in those terms.

    • Sean 1.1

      Not that strange Ianmac. The National party is throwing so much misinformation that they figure that no commentator will have the time to deconstruct each of the statements in the way the voters can absorb.

      As far as I can tell, it is the tone of the message (always to be on the front foot) rather than the content of the message which is important.

      Just my guess.

      • Shane Gallagher 1.1.1


        I think you are right – Labour needs to be faster off the ball – there is a lack of well-informed talent on the front bench to immediately counter NACT’s insane claims. I know it is hard – but there needs to be a team looking at the stats and predicting what NACT are going to say (it should not be too difficult!) and have the counter argument to hand – but they need to be really well organised. I just don’t think they have got themselves organised yet.

      • bbfloyd 1.1.2

        i’m starting to echo in my own head with this one, but the “message” doesn’t have to make sense as long as it is broadcast by a compliant, syncophatic fourth column.. the opposite is true for labour, or indeed any “left” leaning parties. to get them to report accurately what is said, and without the usual partisan editorialising makes it almost pointless to utter a word in public…

  2. burt 2

    I’m confused as well. Surely Goff should just produce stats that show the volume of sales to foreign investors under Labour and compare that to the volume of sales under National. Lets get clear about the history on this topic then we would all know who’s full of BS.

    • roger nome 2.1

      Burt – despite being an old fella you do have a remarkable air of innocence about you. The world changes dear. Hegemonic discourse within an organisation/institution also changes in reaction to it. I know this world can be confusing because of these realities, but it doesn’t mean you shouldn’t try to grapple with them.

      Goff isn’t Labour and Labour isn’t Goff. It’s not like in National where the cabinet is selected in an authoritarian fashion, by the leader. In Labour the cabinet is voted in by caucus. Goff must therefore reflect the desires of caucus. That’s what democratic institutions are like.

      • Jim MacDonald 2.1.1

        Good point.

        It is Labour, and under MMP, the left-leaning and progressive parties, who will work towards and make a case for winning Elections 2011.

        The Left is less enamored with being persuaded to get out and vote for just a Smile and Wave.

        Leadership in Goff is important but is not the sole factor. The quality of the policies and team of MPs forming Government will be just as influential and important.

    • Bright Red 2.2

      the point of a new policy, burt, is that it is going to be a change from history.

      The land sales under the last Labour government are not relevant to the new policy. Indeed, Parker has said too much land was sold under the last labour government and that’s one reason the law needs reforming.

    • Colonial Viper 2.3

      Hundreds of thousands of square km of land approved for sale during the last Labour Government were foreign owned forests sold to other foreign owners. They were not sales of NZ owned assets.

      In other words, burt and co. a running with another statistically exaggerated right wing beat up. Time to get on with the story – the economic sovereignty of New Zealand, something the Nat Neo-cons don’t care about.

    • bbfloyd 2.4

      burt… we already know who’s full of bs… “ask not for whom the bell tolls, it tolls for thee”

    • Draco T Bastard 2.5

      Yes burt, we know you’re confused.

  3. Stan 3

    I’m also confused. I heard English in Parliament yesterday claiming credit for holding down the rate of petrol price rises. Didn’t realise that National’s influence stretched as far as the international oil market. Maybe they do have a grand plan after all……. Maybe the Nats really are the economic wizards they claim to be….. Maybe they are trying to pull the wool over our eyes…. What one is the most likely?

    • Lanthanide 3.1

      Petrol price went up by 7 cents on 1st October, due to GST and excise tax increase.

      captcha: objecting

      • Armchair Critic 3.1.1

        Road Users Charges also went up, without a hint of protest this time. Gotta conclude that last lot of protests, trucks jamming Queen Street etc. was just astroturf.

    • bbfloyd 3.2

      Stan… you are right on both counts… bill gets his advice from his uncle saruman the white, and yes, they are attempting to “pull the wool” over our eyes. although it feels to me like the tactic is to flood our airways, and aural passages with masses of liquid excrement.. that would account for the queasy feeling, i assume..

  4. Tel 4

    I’ve chuckled to myself as John Key accidentally stumbled over an economic Elephant in the room if ever there was one, and he was quick not to linger on the topic: Land prices in NZ. A waterfront piece of land in Te Atatu Peninsula that sold for $35,000 in 1984 is now valued at approximately $950,000. That’s an increase in value of 2700%. While waterfront land is probably at the extreme for increases in value over time, it is no less sobering when I look at “affordable” entry level properties. If my earnings had kept pace with the increase in land values, I’d be happy today to be earning wages from a newspaper round.
    I agree. No real economic strategy.

    • felix 4.1

      “No real economic strategy.”

      Sure there is. Trouble is it’s a strategy with the goal of concentrating more and more wealth in fewer and fewer hands.

    • Colonial Viper 4.2

      Yes property prices need to fall by another 20-25%. And there will be financial pain involved for large asset holders.

  5. randal 5

    dont worry mate.
    its the rich what gets the prunes and its the poor what gets the shits.

    • Jim MacDonald 5.1

      Speaking of prunes …

      New Zealand is likely to see the economy pick up, John Key said.

      Well, summer fruits are coming too. Get your hands on some and blow him a few raspberries.

      • Jim MacDonald 5.1.1

        Sorry .. was typing quick …

        New Zealand is likely to see the economy pick up in the summer, Grasshopper John Key said.

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    3 weeks ago