Written By: - Date published: 7:49 am, June 24th, 2013 - 113 comments
Despite the heroic efforts of National’s spinsters the economic “recovery” remains anemic. We’re still behind 2007, and what recovery there is seems to be largely driven by another property bubble, and captured by a few. All National have managed is to hold us back for four years.
Written By: - Date published: 7:47 am, May 8th, 2013 - 22 comments
We’re in yet another round of talk of “green shoots” of economic recovery, complete with the hype of an optimistic budget. Maybe they’re right this time, but the recovery, when it does happen, will be in spite of the National government, not because of them. All National have done is hold us back for four years.
Written By: - Date published: 8:47 am, March 29th, 2013 - 190 comments
The ideological loonies advising the government want us to go even further down the stupid and damaging path of income tax cuts. Surely even the Nats have too much sense to listen this time.
Written By: - Date published: 8:54 am, February 11th, 2013 - 18 comments
As one writer sums it up – “no austerity has helped any economy”. So why do we carry on with this failed ideology? Perhaps because, while it does nothing for the vast majority of people, it helps make the super-rich even richer…
Written By: - Date published: 10:59 am, July 26th, 2012 - 45 comments
Gosh, isn’t government austerity working well in Britain. Thank goodness we’re following in their footsteps.
Written By: - Date published: 9:41 am, March 7th, 2012 - 32 comments
Tax revenue is down, blowing a big hole in all the government’s financial projections. The Nats are in trouble and instead of looking for solutions, they’re looking for excuses.
Written By: - Date published: 7:15 am, October 25th, 2011 - 89 comments
In response to tough economic times, Government austerity programmes do more harm than good. It’s a pretty simple equation based on the debt / GDP ratio. With an election coming up soon, NZ needs to look for economic competence and a willingness to try new ideas, rather than muddling along deeper into the austerity death trap.
Written By: - Date published: 9:10 am, October 7th, 2011 - 48 comments
Looks like the RWC isn’t going to be the economic stimulus that we hoped. We’re stuck in the doldrums, and (just like in England) the government’s austerity programme is exactly the wrong response.
Written By: - Date published: 9:00 am, April 21st, 2011 - 32 comments
Expansionary austerity is the idea that cutbacks in government spending can stimulate economic growth. Empirical evidence shows that it doesn’t work. Current experience shows that it’s not working in Britain, and it isn’t working here. Like “trickle down economics” this favourite of the political Right is not so much a theory as a deluded fantasy.