Luxon crowed about making billions in growth for NZ, the Economists rolled their eyes…
Economists challenge details of Luxon’s new growth plan
Prime Minister Christopher Luxon has talked up economic growth in his big scene-setting State of the Nation speech this year.
However, four economists – two on the left and two on the right – are critical of several aspects of the strategy so far.
…the most damning indictment of Luxon’s growth mantra was from Bernard Hickey...
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- The mathematical impossibility for the Government of restarting real per-capita GDP growth while it is also pursuing the most aggressive budget spending cuts since the early 1990s (over $60 billion in spending over the next three years) to crunch the size of Government down from 34% of GDP to under 30% of GDP;
- Luxon’s comments about going for short term growth by ramping up tourist numbers and rapidly expanding international student numbers, both of which rely on low-wage population growth, migrant exploitation and nominal GDP growth to drive activity without much investment;
- The internal contradictions in the coalition Government crippling a drive to encourage sovereign wealth funds to invest in PPPs, given the last major sovereign-wealth-fund-funded infrastructure project (the Auckland to Airport light rail link project backed by the NZ Super Fund and Quebec’s CDPQsovereign wealth fund) was blocked at the last minute by NZ First.
…only morons believe National are going t0 grow anything.
Their Austerity Agenda is to slash public service funding so you bitch and complain about the crappy service so they can promise you privatisation as the solution, and let’s be honest, most Kiwis are dumb enough to fall for it…
…National’s focus is to slash public funding, implement Privatisation by stealth and hand over sweetheart deals to their donor mates and we allowed this because the electorate were bitter post-Covid that Jacinda had the temerity to save 20 000 lives and spend money to protect public health.
The amount of corporate arse those who voted right are prepared to kiss to ‘own the libs’ is a level of self mutilation that is less about voting and more about masochism.
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It’s not an economic growth plan, its pimping, but perhaps Jacinda is best left right out of these dialogues when so many people also disliked her agendas.
Agree GA – give her some slack for trying and achieving in an entirely unfavourable situation. And having the grace and intelligence to step down after doing her best.
The other many numbers of pollies that are fighting to stay near the gravy train (or vege equivalent) and concentrate on that entirely, should be neutered or even culled.
We got shit service from government departments despite your lot blowing money into them for six years.
Can you provide detailed evidence please. Tired of these hard right nut job beliefs rather than facts.
Those government departments delivered one of the best Covid outcomes of any country in the world…and on top of that …dealt with 8 × ‘one in 100 year’ climate disasters all in the space of 5 years.
People who don’t understand that will never understand anything!
And remember ..despite all that…Labour were on track to be back in surplus with a full workforce by mid 2027.
The Coalition of Clusterfuckery have now completely tanked the economy in just 12 months…unemployment is through the roof and rising… 80,000 people , mostly educated, have fled the country in just one year…a surplus won’t be achieved until 2031 if even then …and the selling off of the family silverware with a mass state asset sale is their only desperate, ill
conceived, solution.
Luxon and Seymour always were going to be hopeless…. confirmation was inevitable.
Tunnel-vision voters with positions of advantage and money to match don’t have to think about hope – they have got what they need and more – democracy doesn’t work when people are like that, just think of themselves. Voting for suits either male or female and clean teeth and unfailing confidence, Luxon and Seeless are prime examples. It’s what we get from the self-satisfied who think they are clever trading in houses and making money in a fixed market. Bone-heads the lot of them.
More unsubstantiated claims from 1 ZB land. The bulk of the spend came from the wage subsidy which was supported by National, dipshit.
I got great services under the last government from public health, but I had to be very proactive.
But under the COC we are fucked they are slowly destroying everything
Why I accepted the austerity programme of the Key govt during the GFC was Left economist Brian Easton said there wasn’t any other option because we had no funds. Without his input I go back to Keynes and agree with Bernie Hickey cutting spending in a recession doesn’t help. Just the usual show to no purpose. Like the Left show to no purpose prior.
Why I accepted the austerity programme of the Key govt during the GFC was Left economist Brian Easton said there wasn’t any other option because we had no funds. Without his input I go back to Keynes and agree with Bernie Hickey cutting spending in a recession doesn’t help. Just the usual show to no purpose. Like the Left show to no purpose prior.