Bill’s at it again. He can’t defend his own pathetic record on the economy – 2.2% fall in GDP, still rising unemployment, falling wages, GDP per capita still falling and not expected to return to pre-recession levels until 2012 according to NZIER and Treasury – so he lies about Labour’s record instead.
The latest lie, which was clearly a pre-prepared line as English brought it up in a related question, is:
“In the 3 years to September 2008, before the global crisis began, growth in New Zealand’s real GDP per capita was actually negative”
No. It wasn’t. Plain as day, you can see the truth on the Stats website. In the 2005 September year, before Labour’s third term started, GDP per capita was $31,464. In the 2008 September year, the last year of Labour’s third term, it was $32,251. A healthy 2.5% increase, although down from the high in 2007 because of the global recession. What’s National’s record? GDP per capita has dropped by 1.8% to $31,685 so far. And the two quarters of anemic growth we’ve seen were below population growth.
Labour should challenge Bill English to table his source next time he makes a dishonest attack on Labour’s record.
It’s also incredible that English said “The Reserve Bank expects solid growth through the next few years. It projects over 10 percent cumulative real growth for the 3 years to March 2013”. 10% in three years is not strong growth, especially not coming out of a deep recession. English should know, he was in office when New Zealand came out of its last recession.
Meanwhile, the Do Nothing Prime Minister is still daydreaming about his cycleway. Annette King asked today whatever happened to the 4,000 jobs he promised the cycleway would create given that, a year after it’s announcement, not a single metre of cycleway has been built with the money he borrowed for the project. Key’s response:
“Over time, when those 18 cycle trails are completed, my estimate is there’ll be a lot more than that”
Oh dear. He’s clearly in lala-land. The same goes for his response when asked why the 9-day fortnight had been so ineffective in saving jobs:
“If less people did use the 9-day fortnight that’s to be celebrated because it means less people were losing their jobs … [unemployment] is on the way down and that shows the success of the Jobs Summit”
Um, could it just be that the 9-day fortnight policy sucked so much no-one wanted to use it?
Unemployment is going up, John, despite Paula Bennett’s repeated proclamations over the last half year that the tide has turned. It’s a sign of how the Nats really view things that Key thinks doubling unemployment to 7.3% is a success.