So the Prefu is out, the compulsory opening of the books by the Treasury so every political party goes into the election knowing exactly where the country is placed economically.
And it’s not good.
The numbers are all huge, bleak and the worst we’ve seen in modern history.
The good news is that things won’t be so bad here in NZ because of the success NZ has had in keeping the virus out, however the rest of the planet will continue to be infected and that will drag on our exports.
Treasury predict the borders will reopen in 2022, when we are most likely to have a working vaccine so this is amputated economy minus exploited international students, exploited migrant workers and valueless hyper tourism is the new normal.
We won’t end the deficits until the end of the decade.*
This pandemic response is a marathon, not a sprint.
We will refine our responses and we will plug loopholes as we progress, but there’s no way in hell that anyone is going to accept mass sickness and mass graves just so the fucking private economy can make a buck.
The scientific math is that for every 1000 sick people through quarantine, 1 infected person will get through. That means a tight border with a ruthless track and trace regime alongside levelled restrictions IS THE ONLY response until we get a vaccine!
The problem for National is that they have been all over the place with the border…
…so National’s criticisms on the debt will fall on deaf ears. people expect the Government to take on debt to protect them from an unprecedented event, they will reward Labour for doing that in less than a month with a majority Government.
This won’t be the ammunition National were hoping for.
This is how people are feeling…
…Labour saved us from the immediacy of the public health threat, can they now rebuild the economy as well?
*I’d originally written pay of the debts when I meant the deficit.
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