The Economy is tanking and this Hard Right Government’s user pays agenda will make it far worse

World’s Major Economies Fall Behind U.S.

Economies in the U.K. and Japan shrank at the end of last year, underlining the widening gulf between robust growth in the U.S. and more anemic conditions in the rest of the world. 

The decline in activity in Japan came as a surprise to economists and meant that it has slipped in the global rankings of the world’s largest economies behind Germany and into fourth place.

In the U.K., the economy shrank for the second consecutive quarter, the shorthand definition of a recession. The U.K.’s statistics agency Thursday said gross domestic product fell at an annualized rate of 1.4% in the final three months of 2023, compared with a 3.3% increase in the U.S. over the same period. 

The UK and Japan slump into recession as China looks increasingly brittle.

Global economic slow down impacts a trading nation like us and the ongoing domestic inflation inflammation and up tick in unemployment bodes poorly for 55% of first time home buyers with mortgages leaving low mortgages to the super steep ones now and the 600 000 kiwis needing food banks monthly.

Look at the reality between Labour and National…

…National have gone on to strangle off Public Transport with no solutions to traffic gridlock; they have committed to 8000 Tobacco deaths to fund tax cuts for their rich mates; have committed to putting 13 000 children into poverty to fund tax cuts for their rich mates; scrapped 3 Waters and replaced it with 20% jumps in water rates; planning to open up conservation Land for Trans National Mining interests while giving Dr Pork Shane Jones fast track powers; started an anti-Māori campaign that culminates in the Treaty Referendum Bill; dumped the Cook Straight Ferry despite only 22 ships globally being able to fulfil the design requirements and none of them are for sale; have attacked worker rights, renter rights and done it all by abusing the Urgency process which limits oversight.

Oh and they have joined us in America’s latest war.

National’s solutions are lobbyist Talking Points as policy and they are scrambling to try and flesh these out with little leadership as a weak Luxon gets played by Seymour and Winston.

All the Right have are privatisation agendas and crony capitalism where they give their donor mates less regulation…

Seafood industry donors lobby Jones over wine and oysters

Shane Jones has met with leaders of an industry that he’s promised to champion.

Heavyweights of the seafood sector including Moana NZ boss Steve Tarrant, Sealord head Doug Paulin, Talley’s Group chief executive Tony Hazlett, Sanford wildcatch general manager Colin Williams and Seafood NZ lobbyist Dr Jeremy Helson gathered at Eight Plates restaurant in Nelson for the meeting on Tuesday evening.

But some of the attendees like Sealord and Talley’s have previously donated to NZ First election campaigns, so the meeting has raised eyebrows among environmentalists.

Barry Weeber, the co-chair of Environment and Conservations Organisations NZ, said despite requests for meetings with the new minister, they hadn’t received any invitations.

Jones has already come under fire from environmental groups at international fisheries talks this months, after New Zealand backed away from a deal to protect seamounts, while the new minister takes stock.

And he’s harpooned plans for a vast Kermadec marine sanctuary – it’s now sunk as deep as the 10,000 metre ocean trench.

Weeber says a politician who’s receiving donations from the fishing industry should not be put in charge of fisheries: “There’s clearly conflicts of interest,” he says.

…while Chris Bishop tries to find loopholes around Winston’s anti foreign speculator stance…

Leaked Cabinet paper reveals Government considering allowing potential influx of overseas landlords

Newshub has been leaked another Cabinet paper which reveals the Government is considering allowing for a potential influx of overseas landlords. 

The Housing Minister’s preferred option is now allowing foreign buyers to invest in not just large-scale build-to-rent housing, but any residential land, if they intend to develop even one house on it.  

There’s also a big legal warning: if they do this, it can’t be undone.

…This Landlord loving, renter hating Government who have already given Landlords their tax loop holes back and the right to evict are looking to allow their foreign landlord mates access to NZ’s residential market even if they only build one house AND once National do it, it can never be undone!

This what we replaced Labour for, rich pricks manipulating our fear and ignorance for their corporate donor mates and other rich prick friends.

Oh NZ, you have fallen so low.

13 000 kids pushed into poverty to pay for rich landlord tax cuts!

For shame NZ, for shame.

The obscenity is that it’s all going to get far worse!

Bernard Hickey highlights the disgusting abuse of power here…

Tax cuts paid for by up to 13k more kids in poverty

The Government has reverted indexation for main beneficiaries to price inflation from wage inflation under Parliamentary urgency to save money for tax cuts, which it has been advised could drive an extra 13,000 kids into poverty.

The savings are also $1.36 billion less than National estimated before the election, expanding its fiscal hole created by the rejection of its to $2.96 billion foreign buyers’ tax to a total of $4.33 billion over four years.

The National-ACT-NZ First Government used urgency in Parliament yesterday to revert indexation for main benefits to prices from wages, in a move expected to save less than a third of the money National needed for tax cuts, MSD advised.

MSD advised the indexation change, which won’t apply to those on NZ Superannuation, is likely to put around 7,000 extra children into poverty and up to 13,000, reports Thomas Coughlan via NewstalkZB.

The change will also only generate $670 million in savings over four years, which was less than a third of the $2 billion in savings over four years hoped-for by National in its pre-election tax-cutting plans (page 7).

…taking money from the poor, for the rich, rammed through under urgency!

The sanctions promised against beneficiaries and State tenants will generate a tsunami of desperation and homelessness.

The only winners will be the prisons.

Ain’t it funny how the factories doors close?
‘Round the time that the school doors close?
‘Round the time that the doors of the jail cells
Open up to greet you like the reaper?

Rage Against the Machine, ‘Ashes in the Fall’

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