ACT, National and NZ First are using the money spent protecting NZ from a once in a century pandemic as proof Labour can’t manage the Economy when the truth is the total opposite!
CTU Economist Craig Renney highlights how well Labour have actually managed the Economy…
…as Craig concludes…
…and he’s right!
Sure, the planet melts while ACT and National give their mates in the pollution industry another free pass to do nothing other than pay lip service.
We have 25000 people on the social housing wait list.
We spend a million a day keeping beneficiaries in motels.
In term four of last year, only 50.6 percent of students were regularly attending class
12% of children in NZ live in low-income households
55% of Kiwis are struggling financially
Home ownership is at its lowest rate in 70 years
We are facing the worst inflation in 30 years and there are 100 000 kiwis who are facing homelessness.
Those problems won’t be solved by cutting taxes for the rich at the cost of the poor and slashing public services!
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Chippy’s got mana, he’s a known factor. He’s got some empathy and we all need a leader with a bit of that. He’s thoughtful yet flawed. He’s careful but not reckless.
Luxon is a bully. We don’t need to be lead in that direction.
Our people are suffering, so we must vote wisely. Every vote counts. Every person counts.
Good thinking Sinic – we must keep this in mind. I will. My next door neighbour heard a debate and was very taken by Chloe Swarbrick and the Te Pati Maori woman who communicated well making good points. My neighbour couldn’t remember her name and I wonder if it was – Te Pāti Māori’s Hana-Rāwhiti Maipi-Clarke – a bit extra to take in beyond the usual first and surname. I think it was the young voters’ debate. (I gave up tv after the government got stuck into semi-privatisation and I decided I hated Norman thing’s blunt instrument advertising.)
https://www.1news.co.nz/2023/09/25/young-voters-debate-parties-collide-over-cost-of-surviving/
Thanks GW. Yes it must have been Hana. I watched the young leaders debate and I was most impressed by Hana. What a gift she is to us! And Chloé (and the Labour woman, didn’t catch her name). Three awesome, intelligent and articulate kiwis, with their hearts for the people. It was really refreshing to see our young people rise up in all the best ways. True leaders. Mighty leaders. Hearty.
That’s the problem. There are too many people who equate bilingual road signs and other “woke” whatever, with the economy. The fact is they don’t have a f’ing clue. They used to spread this legend that Bill English was a great Finance Minister, but he himself said he inherited a very strong set of books off the out going opposition.
Our books have been there or there abouts for years through massive underinvestment and we will pay one way or another. NatAct will make it a toll that will probably end up costing taxpayers way more than government borrowing, because there be some fund demanding a greater return
Slightly encouraging economic stats with GDP but not the most important indicator and fairly meaningless in isolation IMO. GDP per capita is the important stat here and NZ in this regard is currently doing terribly. It fell during this same time period thus economic activity per person went backwards. Also much of our GDP is based on unsustainable borrowing and record high immigration numbers (something Labour promised not to do back in 2017) Our debt levels both government and private are very high and forecast to get worse. Renney actually knows better and has resorted to half truths to try and fool/calm the left. I only did one economics paper (over 40 years ago and passed) but it is still easy to assess what Renney is up to. Most people just from personal circumstances and experience of the poor performance of government services know the country is in a bad way without understanding GDP, GDP per capita, net Government Debt and the way Robbo changed how it is now calculated. As a once staunch multi decade Labour supporter I challenge you to accept this post Martyn. It is too late for Labour to get re-elected in 2023 and fighting to keep them IMO would be counter productive for the interests of the average working Kiwi and in fact all Kiwi’s.
How do we know this – National haven’t been in govt for 6 years?
Third World infrastructure, failing public services, citizens fleeing en mass, and a decrepit, backward economy? It’s not hard to keep the debt relatively low if you’ll accept all of that!
I’m tempted to send theses graphs to my rightwing acquaintances but sadly, I doubt it will influence their votes at all. They have the blinkers firmly on with regard to the left. Verifiable facts don’t seem to count; half-truths, slick slogans and divisive policy seem to be all-persuasive…. Sad!
Renney is right – but for 18 months Luxon has been allowed to run unchallenged through his scripted lines about how terrible everything is. To date the only media person who is not either cheerleading Luxon or too timid to challenge him, is Jack Tame. And by now most of the public believe the lies simply because their own situation is getting tough. Luxon will then cynically use their votes to tilt the economic tables even further in favour of his own social class by re-inflating house prices, stalling wage growth through high immigration, subsidising landlords, impoverishing those elderly without private wealth and terrorising beneficiaries back into the workforce. .
But this does raise the question: if Renney’s macro-level numbers mostly tell a good story about the economy, how can life feel pretty crappy? To which the follow up question is: what is “the economy” exactly, what is its purpose and how should we measure it and why do we measure it in the way we do?
Knighthoods, nighthoods, KKK hoods, hoodies. How words can pick up extra meanings!
https://www.youtube.com/watch?v=ZmInkxbvlCs
GDP growth, shows the economy is larger now, than it was before the pandemic. With low unemployment, and relatively low govt debt, thrown in. And amazingly, the NZ excess mortality rate, during the pandemic was zero, so we lost no more people during the pandemic, than would have passed away anyway.
And Labours 2% cuts in the public sector are a sensible downward pressure to reduce costs, unlike Nationals 6.5% cuts that will cause turmoil.
Throw in, returning tourism, and no actual recession, and the FTA’s Labour has negotiated, and the sensible climate change measures in place, and the very good relationship we now have with Aus regarding kiwi rights over there, and the rethink on 501’s – doesn’t look too bad.
Unfortunately, it seems that more NZ trained police may head to Aus, due to the high pay rate there. But the high pay rate in Aus is required because they can’t attract enough of there own people to become police, which seems a little sus, and may show that being in the police in Aus,
isn’t that great.
One quesition on my mind, regarding Nationals tax package, is that since it’s foreign buyers tax has been criticised by leading economists as questionable, and already dismissed by John Key as unfeasible, and may actually be illegal, and could put FTA’s in jeopardy, and is something Winston would be completely against, letting foreigners back into the property market – are all very significant and terminal head winds.
I want to now, that if National can’t raise enough, will it get rid of the tax cut part of its tax package, or will it get rid of the landlord tax breaks it wants to bring back. Which is the priority? Is it helping the landlords, because they are already helped significantly, by there being no cgt.
What will be cut, by chainsaw Luxon, and his coalition of carnage? Someone needs to buy him a calculator. We are a country, not a company. He should stop thinking like Al Dunlap or Ron Brierly. He should to start answering, instead of dodging questions. And he needs to start liking NZ a bit more, instead of spending his time in Hawaii. NZ is a great place.
Luxon and Seymour will beat up on the less fortunate mark my words.
They are all in it for the damehood or knighthood, not neighbourhoid
Those are pretty good economic stats. You wouldn’t know the economy is good from reading the NZHerald.
You wouldn’t know NZ has relatively low debt if you get your economic commentary from David we’re under a mountain of debt Seymour.
National are making out things are bad, especially if you read the NZ Herald, Chipkins is starting to get his Mojo back in the run in to Election Day
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