Some free advice for National

20 comments on “Some free advice for National ”

• Comments are now closed

1. Pete 1

   9 March 2011 at 11:24 am

   Voters would respect you for admitting the truth.

   Yep.

   Time for honesty and new ideas.

   Yep.

   Time – dare I say it – for a change.

   That would be good. Problem is, there’s no other option that looks like fitting the bill.

   BTW, I’m not a high income earner, but especially when my mortgage interest comes down even more at the end of this month I’m better off than I was a couple of years ago.
   • Lanthanide 1.1

     9 March 2011 at 12:28 pm

     There’s no gaurantee Bollard will drop the rate. The banks are all expecting him to, but there are voices of dissenting opinion that make a lot of sense. Things like:
     1. cutting the rates only has a medium-long term impact and won’t help CHCH in the next 6 months
     2. Food and fuel prices are going up, increasing inflation, which lowering the cash rate would only stoke
     3. All of the insurance money flowing into CHCH is going to be very inflationary in the next 2 years.
     4. Dropping the rate will drop the currency, further driving up fuel prices.

     It’s almost a certainty that he won’t raise the rate this year, but at the same time I wouldn’t be betting that he will definitely cut the rate. I think he probably will cave to pressure, and it will benefit me for the floating mortgage rate to go down, but I’m not counting my chickens yet.
     • Draco T Bastard 1.1.1

       9 March 2011 at 12:37 pm

       There’s certainly been a lot of pressure on Bollard to cut the rate but, with inflation so high, I doubt he will (unless he caves to the pressure).
     • Pete 1.1.2

       9 March 2011 at 1:09 pm

       It won’t make much if any difference to me if it stays or lowers.

       I, like many people over the last year or two, am coming of a fixed term, whether I re-fix or float it will be at a substantially lower rate than I had. I’ve already had some redicing as I have part of the mortgage floating (down over the last three years).
   • Colonial Viper 1.2

     9 March 2011 at 12:42 pm

     but especially when my mortgage interest comes down even more at the end of this month I’m better off than I was a couple of years ago.

     Congratulations. Except your house was worth much more a couple of years ago.
     • Pete 1.2.1

       9 March 2011 at 1:12 pm

       I don’t care about the value of my house, it doesn’t affect my usable income, I’m not selling in the forseeable future. The value of my house only matters if/when I sell it.
       • Luxated 1.2.1.1

         10 March 2011 at 1:25 am

         Not only that, the value of your is only relevant compared to the current housing market. If your house appreciates 100k but the market does the same you haven’t actually gained anything (unless you don’t buy a new house, change countries etcetera etcetera).
         • Colonial Viper 1.2.1.1.1

           10 March 2011 at 1:51 am

           You guys make decent points, but I’ll point out that plenty of NZ’ers spent what they didn’t have by borrowing against the inflated values of their homes. Either to go on holidays or to negatively gear another property.

           As house prices fall by thousands a month, people are ending up underwater.

           Pete, I hear plenty of the “dunno about everyone else but I’m doing OK” tone in your comments. Good on you, plenty of that NAT capitalist spirit coming through.
           • Luxated 1.2.1.1.1.1

             10 March 2011 at 3:34 am

             Agreed CV, it is a completely different kettle of fish with a large loan and a deflating market (where large is anything greater than the residual market value of the property).

             Although borrowing for a holiday is bloody stupid (financially) in any circumstance.
2. Shane Gallagher 2

   9 March 2011 at 11:47 am

   The problem is that Labour are not sending a solid, considered, coherent alternative message for a different kind of government. Goff cripples them from giving a solid socialist alternative because he really is a free-marketer and hasn’t converted to the cause. That is why he is unconvincing as a future PM or leader of the left – I just don’t think he actually BELIEVES in socialism.
   • Lanthanide 2.1

     9 March 2011 at 12:29 pm

     I’m completely happy to vote for Goff and his current free-marketer platform. If they went more socialist I would need educating as to why they think it’d work out well.
     • Shane Gallagher 2.1.1

       9 March 2011 at 1:52 pm

       Oh – I don’t know – something simple like addressing inequality which lies at the heart of many of the social, economic and health issues facing this country. That is socialist isn’t it? 🙂

       A bit of income redistribution wouldn’t go astray. Costed out of course so that Labour sound legitimate.

       A discussion about moving the business model from the corporatist greed model to collectivism like co-ops and neo-anarchic structures.

       A move to a full-employment economy where the right to work and earn a living wage is as core as the right to exploit workers is now.

       A move to legislate more power to unions and actually support them politically and legally – so we are not begging for workers rights legislation from the “Labour” party.

       You know – that kind of stuff… 🙂
   • Draco T Bastard 2.2

     9 March 2011 at 12:35 pm

     Think you could be right there.
3. Kevin Welsh 3

   9 March 2011 at 12:36 pm

   I hope Nact start shouting it from the rooftops, every day, as loudly as possible.

   Because, you and I know that it’s bollocks. Joe Public is beginning to realise its bollocks, therefore the longer Nact continue to peddle this lie the more out-of-touch and ridiculous they look.
4. infused 4

   9 March 2011 at 12:50 pm

   So I just read all that and I cannot really see what the problem is?

   He’s complaining that 70% of nz *think* they are worse off, when in fact they are not? Does not backup his statement about being $130 worse off?
5. ak 5

   9 March 2011 at 12:58 pm

   Good post r0b. Yes the gloss is certainly cracking for the knock-kneed toupe and his lisping platitudes – the price of benzine and tucker crippling the worker, our last mokos deserting to aussie in record numbers, and we’re still waiting for our north-of-fifty quid a week while he dorks about with Warnie and perves at his latest sheila like a retarded teenager. Better future my sagging arse: thanks to NACT, we’re headed for a deserted economic wreck and international embarrassment.
6. Peter 6

   9 March 2011 at 2:54 pm

   The reality is the October tax changes (switch) by and large made no signifcant difference to most people. Since then the rate of inflation has increased faster than wages so real incomes after tax and inflation are falling for the majority. Of course increasing numbers on benefits suffer more than any other group.
7. ianmac 7

   9 March 2011 at 3:09 pm

   Simple message:
   “John Key promised that to elect him and his party would mean that we would be better off.
   We are not better off. We are worse off. We don’t care about the excuses.
   You John Key broke your promise.”
8. neleftie 8

   9 March 2011 at 6:41 pm

   Only the top elites are better off – anyone who earn less than a few hunder thousand is considered in the middle class really…As we progress the bottom 30-40% get dropped off and forgotten about, resigned to the garbage, the middle and it confused and brainwashed multi layered class structure are simpe sqeezed for more tax while the top small percentage of capitalist or moneyist elites who are both connected and more cunning control the situation, There massive gain is our small gain or loss depending on the business cycle

Links to post

1. The Standard: posted on 8 March 2011 at 10:06 pm

• Comments are now closed

• Log in
• Donate
• Contribute post

• Articles RSS