Written By: - Date published: 8:25 am, April 3rd, 2011 - 84 comments
The economy, shall we say politely, is facing some difficulties. With a National government there was no plan as to how to weather the economic storm, we just got tax cuts for the rich and an economy that just can’t get growing.
Written By: - Date published: 2:20 pm, December 21st, 2010 - 13 comments
National still seem to be getting a lot of cover for their economic mismanagement from the Global Financial Crisis way back in 2007-2008. But New Zealand’s failure to be “roaring out of recession”, as John Key promised, is no longer tied to the GFC. It’s Bill English and National’s economic policies that mean that the government deficit is pushing the limits with no reward for average kiwis.
Written By: - Date published: 8:33 am, January 27th, 2010 - 14 comments
Leading US economist and Nobel laureate Paul Krugman sees a 30-40% chance of the US re-rentering recession this year, and the conditions that would cause that would almost certianly be replicated in other countries, including New Zealand, with the same result. More evidence that a second wave of recession may be on its way came […]
Written By: - Date published: 9:45 am, December 14th, 2009 - 8 comments
“Govt stimulus creates 2300 jobs” reads the headline! It’s a bit misleading though. A more accurate headline would have been – “Labour Govt stimulus creates 2300 jobs”. How’s that, I hear you cry? Follow the money: The Government estimates its economic stimulus package has created about 2300 jobs through increased infrastructure spending of more than […]