The economy of hero worship

I wish that I got praise heaped on me at my job for exchanging a bit of small-talk with the popular dude. Don’t want to take away from Key’s achievement. I mean wow, he shook the Obama’s hand and didn’t muck it up.

I’m looking forward to the gushing accolades when he manages to crack a grin and not be a national embarrassment on Letterman. As long as Key doesn’t actually puke on Letterman’s desk, Watkins et al will be throwing the laurels. 

The one I really love is C Espiner: “‘NZ emerges from worst recession in 30 years’. Not bad publicity for John Key while he’s in New York.”

Publicity with whom? Us? We know who he is. We know his government has been asleep at the wheel. The other leaders? Yeah I can see it now. Sarkozy and Brown in hushed tones: ‘Look, there’s that guy whose economy grew by less than population growth. Do you think I can get his autograph?’

Speaking of the Nats’ record on the economy. The cycleway still isn’t underway. The ultra-fast broadband (which Joyce is now referring to as ‘fast’ broadband) is still at vague plan stage. They’re capping their already too small housing insulation programme. All they are doing well is stuffing our money in their pockets and dishing it out to their mates.

Key deserves no credit on the economy. The recession isn’t even really over. GDP per person fell another 0.2%. Unemployment is still going up.

All that’s ‘saved’ the GDP number being negative again is that our trade partners have stimulated their economies. Check out the Expenditure on GDP numbers – what’s making it positive is exports are up and imports are down.

But sober analysis doesn’t enter into it. When you love someone anything they do, no matter how mundane, is miraculous. And the Tory commentariat are still head over heels for their little Jonny.

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