Dear Jacinda – Of course business confidence has plummeted – and there’s one simple reason

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Why is Jacinda or anyone else surprised business confidence is so low?

Of course it should be this low.

Why?

Because of National’s decade in power!

Economic growth under National relied on a speculative property bubble, rebuilding from natural disasters and mass immigration, that’s all that kept the GDP inflated and ‘rock star’ like. Low business confidence is proof that fake growth model is over and the business community know it.

The rock star economy turned out to be a bloated, drug induced, tone deaf concert where only people with a speculative property portfolio could hear it.

Business confidence plunging is more to do with National’s fake decade of economic growth than fear Labour will crash the economy.

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It means Business will have to actually work and be innovative rather than rely on property bubbles and open ended immigration.

It’s time for Business to stop being so spineless.

 

24 COMMENTS

  1. AAAAAAAAAAAAAAAAHAHAHAHAHHA !!!!

    And the truth bloody hurts !!!!

    The age of casual contracts, mean shit Dickens / Bill English style crap low wages , moldy crap arsed rental accommodation that kills people, and cheap arsed immigrant labour designed to put downwards pressure on wages…its over! Ka- put!!! Gonebergers !!!

    The nine year National party blip in an advancing society is over !!!

    Celebrate !!!

    And that includes you , you cheap punk arsed employers who were Key voters, – now its time to live up to your ideology that a business that is not competitive deserves to fail to make way for a better one. I’m sure you’ll just relish the chance to put your money where your mouths are.

    Scared?

    You should be.

    The party’s over.

    • 100% Wild Katipo.

      John Key/Bill English policy was = “plunder the ccountry and sell it at any price”.

      Our rail Company was next on the chopping block.

      http://www.scoop.co.nz/stories/AK1709/S00053/national-party-transport-policy-for-hbgisborne.htm

      Last election in 2017, we watched the first leaders debate on TV One between Jacinda Ardern & Bill English then as our current PM.

      The debate never actually tackled the thorny issues of transport issues we all face deficits from in our East Coast regions.

      That has provoked the need for our press release to clarify our Community concerns at those current deficiencies we all face in our regions of HB/Gisborne since the National Party have assumed the mantle of governance over our regions and lives.

      When the National Party took over in November 2008 the former Helen Clark Labour lead Government had just bought back the rail system from Toll Rail, an Australian Company for $650 thousand dollars and had set aside a track Maintenance Company called Ontrack who were given a $200 Million reserve account to rely on to keep the rail line in service, for the new Kiwirail operator to run their services.

      National’s new Minister of Transport Steven Joyce somehow reorganised the Kiwirail Company and folded the On Track rail line Maintenance Company up and the $200 million somehow disappeared.

      Since 2009 we have witnessed two events of large rail washouts on the rail line between Gisborne and Central HB, first the washout around Otane in Central HB and later the larger washout at Beach Loop near Mahia Northern HB/Gisborne.

      That $200 million was setup for the track maintenance to deal with these washouts, as we have seen many other washouts around NZ rail have been repaired since.

      So we must now ask the Labour lead Government: “where is our share of that $200 million to repair the Gisborne Beach Loop washouts so our rail to Gisborne is finally repaired after being left closed since March 2012?”

      Will this be left for the new Government to find that lost $200 Million that was robbed from our Public Rail Company account?

      That was how the last National John Key/Bill English Government plundered our country.

      The National Government robbed anything that was pubically owned they possibly could to our total loss of services and taxpaid assets for their own financial gain and did this in a criminal way.

  2. I think you give business too much credit.
    I doubt there are any real issues that weren’t there already, the economy is ticking along. It’s simply a matter of business (and farmers)being anti labour because they are.

    Big business wants to get what it wants- look over the Tasman at what Murdoch’s men are said to have done to help unseat an elected prime minister- even a liberal on- because they didn’t like him (also surely not coincidental that Aussie prime ministers get rolled over climate change legislation)
    https://www.stuff.co.nz/world/australia/106594942/kevin-rudd-savages-abbott-and-murdoch-for-wrecking-australian-democracy

    Our businesses are smaller but just as malignant in their thinking, there doesn’t have to be an actual threat to the economy for them to go dark on labour, it’s what they do.

  3. Totally agree Martyn.
    The speculative bubble is coming to an end and it will hurt all the wrong people. The tax working group must produce a workable housing tax asap preferably one based on net equity with a partial exemption for a family home. Capital gains in a housing slump can quickly turn to capital losses and even if they could work out how to do a CGT it cant be done quickly.
    We don’t need to dream up any more new infrastructure spending projects as we have reached capacity constraints that even cheap borrowing cant fix. What is needed is more redistributive spending and slower immigration. The families package was way too late coming in and is not indexed, the poorest families are still at foodbanks, benefits are too low, teachers and nurses are paid too little.

  4. 100% Wild Katipo.

    John Key/Bill English policy was = “plunder the ccountry and sell it at any price”.

    Our rail Company was next on the chopping block.

    http://www.scoop.co.nz/stories/AK1709/S00053/national-party-transport-policy-for-hbgisborne.htm

    Last election in 2017, we watched the first leaders debate on TV One between Jacinda Ardern & Bill English then as our current PM.

    The debate never actually tackled the thorny issues of transport issues we all face deficits from in our East Coast regions.

    That has provoked the need for our press release to clarify our Community concerns at those current deficiencies we all face in our regions of HB/Gisborne since the National Party have assumed the mantle of governance over our regions and lives.

    When the National Party took over in November 2008 the former Helen Clark Labour lead Government had just bought back the rail system from Toll Rail, an Australian Company for $650 thousand dollars and had set aside a track Maintenance Company called Ontrack who were given a $200 Million reserve account to rely on to keep the rail line in service, for the new Kiwirail operator to run their services.

    National’s new Minister of Transport Steven Joyce somehow reorganised the Kiwirail Company and folded the On Track rail line Maintenance Company up and the $200 million somehow disappeared.

    Since 2009 we have witnessed two events of large rail washouts on the rail line between Gisborne and Central HB, first the washout around Otane in Central HB and later the larger washout at Beach Loop near Mahia Northern HB/Gisborne.

    That $200 million was setup for the track maintenance to deal with these washouts, as we have seen many other washouts around NZ rail have been repaired since.

    So we must now ask the Labour lead Government: “where is our share of that $200 million to repair the Gisborne Beach Loop washouts so our rail to Gisborne is finally repaired after being left closed since March 2012?”

    Will this be left for the new Government to find that lost $200 Million that was robbed from our Public Rail Company account?

    That was how the last National John Key/Bill English Government plundered our country.

    The National Government robbed anything that was pubically owned they possibly could to our total loss of services and taxpaid assets for their own financial gain and did this in a criminal way.

  5. “The Party’s Over” Ref Martyn Bradbury

    Hi Martyn

    Your piece is outstanding. The mugs that threw their fluffy Minds and Testicles at the feet of Sir John Key, Paula, and Sir Billy English have come home shivering like creepy slug babies …blah me blah me blah.

    Even the Bank is telling them to dry their eyes; wipe their asses and get on with a thing called WORK. The Business men (better known as the cry babies) barracked for the worst Government ever foisted on Aotearoa.

    It is a pity that we have to look after the poor; the diseased farms and ever whinging farmers – as well as the so called dud Business men and women.

    • fluffy Minds and Testicles

      LOL! The imagery!!

      Even the Bank is telling them to dry their eyes; wipe their asses and get on with a thing called WORK. The Business men (better known as the cry babies) barracked for the worst Government ever foisted on Aotearoa.

      Listening to a bunch of Morrinsville small-business people whinging and carrying on this morning on Radio NZ’s Morning Report underscores your observation, OT. (One even blamed PM Ardern for “rising petrol prices”. I had no idea the guvmint owned petrol companies!? Or controlled our exchange rate?!)

      All I could think of were the Poor Snowflakes reaching for Ms Ardern’s hand with a plaintive cry,

      “Are you my mummy?!” *

      As much as I dislike the cliche, They Seriously Need To Harden The Fuck Up!

      *(Hat-tip to a certain episode of ‘Dr Who’.)

  6. To: Frank Macskasy – Thanks

    I will admit that it is difficult for many kiwis to understand that every time the cost of Food goes up; the cost of Renting; the cost of Sport; the cost of Rates; the cost of Education; the cost of Insurance; the cost of Booze; the cost of laziness…the cost of Heating .. goes up – the less money there is for people to spend.

    The great great great man Sir John Key, a multi Millionaire, put no check on the cost of housing or – or the nonavailability of infrastructure. Gross incompetence. The lazy Bastards.

    Sir John Key- and Sir Billy English did absolutely nothing for nine whole years. They took so much wealth (in the form of housing costand renting) from the ordinary person. They kept workers in monstrous poverty.

    Normal Business men know that if the people in their community lack income, they simply cannot make money!

    Unfortunately, most farmers and small business men (but by no means all small business men) seem to suffer from basic low IQ.

    • ‘Unfortunately, most farmers and small business men (but by no means all small business men) seem to suffer from basic low IQ.’

      Unfortunately persons with low IQ in particular positions of power or privilege don’t tend to be the ones doing much of the suffering…

  7. Hi lolbagz

    It is wonderful watching the Capitalists in New Zealand crying in their britches and panties – all because Sir John Key and Sir Billy English and Hi Roller Paula – put up all the costs of Housing and Renting.

    The two bastards that dealt nothing but poverty to NZ people have been Knighted by the Queen of England. As is the way of Royalty for Wealthy.

    But the stupid cry baby capitalists will be able to dry their crocodile tears when the majority of kiwis have a halfway decent income. The income National Bastards and Paula deliberately stole from workers.

    As a result the small businesses suffer. When will dumb capitalists ever learn. Recently we learnt that national has mental problems.

    My word they have !

  8. So what is needed? A SMARTER, more productive economy, that is also sustainable ecologically, same as economically.

    • Nice to meet you SumSuch.

      Could you explain exactly why and how the Readers Digest are the cause of low wages (and unpaid wages) in New Zealand over the past decade?

  9. Martyn,

    Only you and your half dozen imaginary friends believe this.

    Mark my works – by the time this ‘government’ comes up for re-election fuel will be over 2.50 thanks to a falling NZD and unemployment will be higher.

    Like night follows day…

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