David Parker nails the Nats on economic management.
David Parker nails the Nats on economic management.
This entry was posted on Wednesday, May 5th, 2010 at 7:58 pm and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Go David. Spot on. More please!
Awesome performance.
Nailed it.
David kicks butt!
The day Labour can truely nail the Nats on economic Management is the day I will start supporting the Act Party (again). I watched Bill English responding to Cunliffe earlier tonight. Cullen’s management of the economy has proven to be a disgrace (Kiwisaver excepted). The pre-election Financial up-dates prove that the Labour Government policies were a massive failure.
Good to see D.C. giving back up. Where was everyone else? Toilet break?
As a non-economist I always had a belief that the books were in such good condition at the end of 2008, that the incoming Government had little to do because that was so.
If it was true the irony is huge. Perhaps that is why English looks so smug while he spouts his boring mantra, “after years of Labour…..” The NAct lot had good reason to be a “do nothing” government!
David did a great job in the house. I wonder how his information can reach a wider audience?
David Parker: Thank you. That has just revived my political hopes that the progressive folks in Parliament are well and alive. I had to watch it twice!
I’m emailing the link to family and friends and asking them to forward on.
It’s normal Loota. Everyone clears off as soon as Question Time is over (that’s the showcase hour) except those who have been assigned to stay and make up each side’s quorum. They’re not really talking to their opposite numbers… rather the general public most of whom ain’t listening.
There have got to be even more/better ways of using YouTube to help people “meet” the MPs (and also balance some of the absurd editing choices etc used in the mainstream media). It would help the public understand the real calibre and passion of the Labour MPs in Parliament at the moment.
Thank you Anne.
“Everyone clears off as soon as Question Time is over (that’s the showcase hour)” – He he he
A government’s budget involves two things: taxing and spending. Which means balancing a budget could involve either raising taxes or cutting spending.
Tragically, the economic mis-management of both National and Labour encompasses the former, but never considers the latter–even now when the spending has to be bankrolled by borrowing.
I’d invite you to consider that, whatever the evasive parliamentary crowing of Mr Parker, the end-road of that kind of short-term thinking is Greece’s present predicament.
Balancing budgets is not a big priority if the difference is being put into the development of high ROI productive enterprise in the economy which will then go on to provide far larger sums of tax in the future – without having to raise taxes at all.
Addressing your last statement: Greece spent and spent and spent but did not put much of that spending into the development of an advanced economy able to generate for the country high levels of income. Had they done so, their ability to repay their international obligations would be better than it is today.
Did anyone notice the smarmy, derisory look on the face of that broken down old Tory in the chair at the end of the speech?
“… high ROI productive enterprise…”
You mean, like Kiwi Rail?
You don’t see the contradiction in taking money of productive folk who are actually engaging in high ROI productive enterprise (and if they weren’t, they’d go out of business), to pour down black holes like that?
Or have you perhaps forgotten how to spell ‘Think Big’?
INteresting to hear the British Tories decrying Gordon Brown for overseeing the largest debt in the history of Britain( Iam thinking post WWII would be worse)> BUT how’s that for pointed presentation of “facts”> A world wide crisis, some say worse than the 1929 crash… and it’s Gordon Brown’s fault. I am not syaing Brown is good or bad just that the twisting is interesting.
Monty, serious question. Can you list the things you consider National has achieved to contribute to growth of the economy in the past 18 months?
It’s interesting because Lockwood Smith understood that what David Carter said was the truth. He won’t admit it but it was written all over his face.
@Peter Cresswell, Kiwirail isn’t a black hole, it is just being forced to compete with an industry receiving massive government subsidisation, if you take out rail maintanance costs Kiwirail makes a profit, it would outcompete trucking if subsidies for both were removed…
Labour paid about double what they should have for Kiwirail but they did get the entire network for $1, when it has a Treasury book value of $11 billion…
Finally the problem with Greece has been that they are running a very socialist society (nothing wrong with that, if that’s your thing) where the national past time is avoiding taxes… Something had to give eventually, the writing was on the wall a year ago in a TIME magazine article (so not exactly a state secret)… If I lived there I’d be suggesting the best thing we as citizens could do would be to stop rioting and start paying…
I just rewatched the video, what an awesome speech, the best I’ve seen for a while, when he got going you could hear the hush come over the chamber and could feel some government MPs thinking, “oh, hope the press gallery doesn’t wake up”…
Can I plead with those three members standing out from the crowd at the front to have a very good read of docs and watch of vids in link below. There is even some goodstuff in it from Shanes friends back at Harvard.
If you take the time to have a good look, you will realise the meaning of the quote;
“Integrity without knowledge is weak and useless, Knowledge without integrity is dangerous and dreadful”
You need not worry that anything we discuss on this site containing irrefutable evidence of the credit creation mechanism at the core of international banking and commerce, because the mainstream media and the National Party executive want as little light shone on the matter as possible. A task that Labour are making very easy for them at present.
http://publiccreditorbust.blog.com/2010/05/07/private-credit-v-public-credit-centuries-old-struggle/