No amount of National trying to reinvent the historical record can detract from the ongoing evidence that the “recovery’ is in trouble and that they have no plan for growth and jobs. Here’s the latest data:
“Consumer confidence has fallen in the latest ANZ-Roy Morgan Consumer Confidence survey and a nosedive in confidence has been recorded in responses to a question regarding whether it is a good time to buy a major household appliance.
The survey’s main confidence measure eased three points to 113.6 and its current conditions index dropped 11 points to 92.3.
The current conditions index has dropped below the 100 mark for the first time since December 2009 and is at its lowest point since August 2009….”
One of the best things the government can do to increase economic growth is to send the MEAA union packing!
The current conditions index has dropped below the 100 mark for the first time since December 2009 and is at its lowest point since August 2009….”
And it will get worse. Given what the National party has been trying to pass off as good news. This week it was low inflation, which was a result of low consumption owing to people not spending in a recession. People not spending because they feel poor = good news.
If that was good news that has to be trumpeted to the media, things must be pretty bad.
… the “recovery’ is in trouble and that they have no plan for growth and jobs.
Except the cycleway – Boy-oh-boy, wait until that kicks in!
Sorry, I apologise for my unseemly outburst of sarcasm.
Don’t apologise, it’s awful,
Inflation falls to 1.5pc but GST rise will force it up
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10681459
Nuff said, inflation will go up soon so I think Bill and Key are jumping the gun.
Some articles to read if you haven’t already. All NZ herald… thing aren’t rosy Donkey.
Financial confidence dips
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10682053
Double Dip recession unlikely.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10682080
NZ dollar climbs against greenback
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10682046
Bollard: Options limited on kiwi
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10681986
I wonder why confidence is dropping when an industry that has brought billions of dollars, thousands of jobs, and international respect to NZ is about to desert the country because of the malice and or incompetence of the MEAA and NZ Actors Equity.
Who the hell WOULD want to bring business here?
With the greedy PPTA and other radical Labour aligned unions pissing ordinary people off, you’d almost think it was a conscious stitch-up by them all to destabilise the country…
How about the CTU’s plan for jobs: champion the cancellation of a multi billion dollar film industry by siding with Australian union bully boys. And still no comment from Labour’s leader.
@Sean: Exactly
@SM head: get a life – this is not about the Hobbit.
“can detract from the ongoing evidence that the “recovery’ is in trouble”
Watching international news service’s, show that the whole world, with the possible exception of the likes of China, is in trouble, why should NZ be exempt??
When the gold price soars like it has been, that is an indicator that the likes of the US$ is in trouble and when they are in trouble then watch out.
I guess we will have to wait until mid next year for Labours plan.
@David
Well David I would have to disagree, your article is posted as ‘More bad economic news’ and I would have to say that the CTU actors’ organisations handling of The Hobbit has been a disaster and it looks as though this movie with a half a billion dollar budget will not be made here. Does this not constitute More bad economic bad news?
And also I don’t see how the PPTA striking for more money will pull us out of the doldrums?
As the opposition Minister of Finance please enlighten me with your plan to advance the ecomomy?
Yes indeed jabba
I live in Christchurch and there were never this many earthquakes under Labour.
@Jabba…
Dam good point, weren’t not that special to be the only ones having problems
@smhead
lol really, bullies lol the abit of a overstatement.
@All
For the union dispute about the movie hobbit, it just a big pillow fight. B
Both sides talk tough in public but kiss and make up behind closed doors. All employers-union relations are like this. Just hot air and hyperbole. Things will simmer down in a few months and it will carry on liked nothing had ever happened.
LOL
LOL, Plutonian. I think there was an exchange in the House today, along those lines. An opposition MP asked a minister about the impacts on various natural events/disasters on the economy, and how the government planned to control such events. Can’t remember the details.
lol – must remember that Plu..
If it is bad now I shudder to think what it would be like under your stewardship.
Using the HBDHB as an indication of your judgement – all of the members that you sacked (who stood) were relected with increased majorities in the recent elections.
Curiously, while the traditional wisdom is that right wing governments manage economies & finances better than left wing ones, this wisdom has been turned on its head in recent times.
English seems quite incompetent with NACT’s economic/finance policies. He doesn’t seem to have much of a strategy other than to spin and distort the figures, divert, and blame the opposition.
Cunliffe and the opposition, on the other hand, seem to be far more competent in researching the facts and figures, analysing them, and using them to work out a new way forward.
He doesn’t seem to have much of a strategy other than to spin and distort the figures, divert, and blame the opposition.
That is the thing that gets me Carol, the NACT government still act like they are the opposition. When what they need to do is show some credible results from their own governance.
Until this week, I thought it was because government ministers were told that this was the best media strategy to follow – abuse the opposition at an almost personal level to keep popularity. Now, I think their problem is that there aren’t any real achievements that they can point at. Maybe they have a one off sound bite or two, but the trends are bad and getting worse: unemployment up, an economic recovery distant. The plans for get the country into a better position (find as yet unidentified sources of ‘sexy’ coal, find extractable oil, boost tourism via bicycles) are falling over because they were based on hope.
In 2008 the Hollow Men got onto the Treasury benches, and it turns out they are empty. John Key really is an example of this. Key was a salesman, he sold an image to the public, but there wasn’t any product behind the image – just the sales pitch.
[if you have a point, raise it, otherwise forget about petty insults - chris]
Has always been wrong.
No, the right will always act as if they’re the right. In other words, without taking into account silly little things fact and reality.
No, their problem is that they don’t actually know how the economy works and neither do the economists in Treasury. They’re all operating on a belief in “free-markets” even though that belief has been proved wrong several times over the last three centuries.
The “economic recovery” that NACT predicted is nowhere to be seen and there’s a possibility of a double-dip into depression. Same as what happened the last time such massive debt was allowed to be created through unregulated money creation through the banking and finance system.
I don’t think salesman is the correct term – I think mannequin. Jonkey is the front man made up to look good and to distract from what’s really happening.
@Carol
“Curiously, while the traditional wisdom is that right wing governments manage economies & finances better than left wing ones, this wisdom has been turned on its head in recent times.” Since when? National tries to portray themselves as better ‘economic mangers’ and the media is silly enough to “buy” into it.
National aren’t really interested society, equality or welfare so there they have to come up with a ‘good’ reason to vote them in, trouble is this isn’t true even thou themselves would like to believe it!
“abuse the opposition at an almost personal level to keep popularity.”
When you got nothing better to offer try and give the public something else to focus on. Smoke screen…
They know the economy is screwed up… just to gutless to fix it up because it will upset nationals donors/backers
“Key was a salesman”
Used car salesmen!
Who evers in government, what they should be doing right now is completely reorganizing our economy, reforming our financial sector, no more wild west. Clipping foreign credit/investment,creating more favorable conditions for exporters, encourage growth of local capital and make kiwi saver mandatory, stabilise our dollar so it doesn’t wildly fluctuate all the time, this hurts exports. Just the tip of the ice berg.
Oh really Chris??
Well that’s OK, not that my comment was rude or derogatory.
You moderate it all you like. But your no better than Frank Bainimarama or Joseph Goebbels
*you’re
Nice to see you know your grammar Dave
Yeah Spud, I thought it be best that I correct it, just to make sure Chris (Hipkins?) isn’t offended by it and removes the comment. I’m sure he has better things to do this fine weekend than censor my thoughts.