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.
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.