National want it both ways. They’ve brought us economic recovery through their brilliance (we’ve just not felt it yet), but also the lack of a recovery is not their fault and is in fact why all the stats are so bad.
Just a wee reminder about what Bill & John have been saying about “the recovery”:
1. “I am sure the country can have enormous confidence in my leadership as we look to deliver productivity growth in a stronger economy,” (John Key 16 Dec 08).
2. “it is important we convert this early start to recovery into a permanent lift in growth rates,” (Bill English 25 Mar 10).
3. “There are encouraging signs that the recovery is headed in the right direction,” (Bill English 22 Jun 10)
4. “Tax cuts are just one of the Government’s policies to get faster growth and boost incomes,” (John Key 28 Jul 10).
5. “I think actually starting to come out of it reasonably aggressively. I’m more optimistic about 2011 than 2010 but nevertheless I think 2010 will be positive,” (John Key 18 Aug 10).
6. “The recovery has been quite considerable,” (Bill English 19 Aug 10).
7. “we are going to see a recovery in which people are careful with their spending and pay down debt, and in which the growth in the economy is driven by strong export prices. That kind of recovery will give us sustainable jobs,” (Bill English 14 Oct 10)
8. “there was aggressive recovery,” (Bill English 20 Oct 10).
9. “It is encouraging that the recovery is being built on savings, investment, and exports rather than consumption, housing speculation, and wasteful Government spending,” (Bill English, 16 Nov, 2010).
10. “the economic recovery is a bit flatter than was expected, but that is a good thing,” (Bill English 24 Nov 10).
11. “The economy did not grow in 2010 as quickly as most people anticipated … Although in the short term it means that there has been a bumpy road to recovery, in the longer term it is laying down a stronger foundation for future growth,”(Bill English 15 Feb 11)
12. “the Budget is likely to see very strong growth in real wages for New Zealanders … very strong job growth; and a much stronger economic outlook for New Zealand,” (John Key 17 May 11).
13. “More good news. This morning the Reserve Bank issued its Monetary Policy Statement. It confirms the early signs of an economic recovery. GDP has probably increased modestly through the first half of 2011, despite the impact of the Christchurch earthquake. The bank expects the pace of growth to pick up,”(Bill English 09 Jun 11)
14. “Today’s figures show that the recovery is under way, and the pace of growth is picking up,” (Bill English 14 Jul 11).
15. “there’s no guarantee”. Bill English admits Government’s estimate of obtaining between $5 billion and $7 billion from asset sales may not be realised (Bill English, Q and A, 8 November, 2011).
h/t David Cunliffe
Although this post should be covered by the opinion section of electoral law and shouldn’t need authorisation, here’s mine anyway, just to be safe:
Authorised by Ben Clark, 54 Aramoana Ave, Devonport