Labour govt 2020-23

[Panda-NZ-]

I could not agree more. We will be paying the price for this spend up for years to come. What's more the very people she is claiming to represent are going to ware the brunt of the damage.
Sure we can pick up social welfare to those less fortunate if primarily we focus on maintaining a boyant successful economy, but unless that is encouraged by government, where will the money for the spend up come from ?

Biden on track to spend $6T more, we are underspending and that will be the main issue I think.
https://apnews.com/article/donald-tr...fd8850d5c42aad

The paradigm has changed when you can issue your own money.

[Panda-NZ-]

The policies may increase migration to countries such as Australia, that isn't as actively strangulating their economy through bans on oil, gas and mineral exploration for example. If that drains more of the skilled workforce, we're going to be in some serious trouble.

Australia's unemployment and debt much higher than here and they're on track to lose their credit rating.

You can tell China is simply waiting for brazil to become operational soon again.
Btw 2.6k jobs added plus 1.1k affordable homes built by the company.

https://www.stuff.co.nz/national/125...ts-the-goahead

LOTR tv films, infrastructure, microsoft data centres, sleepyhead. We simply don't have the workers for this success. I would say there's no need for jobs currently since we're near full capacity and it's time to move on soon.

[ynot]

Biden on track to spend $6T more, we are underspending and that will be the main issue I think.
https://apnews.com/article/donald-tr...fd8850d5c42aad

The paradigm has changed when you can issue your own money.

US has the backing of the fed. Big difference to NZ borrowing like there is no tomorrow.

[Panda-NZ-]

There is zero difference. we own all the debt that was created at 1% interest rates (so it erodes in real terms).

We don't really need to pay back things we owe to ourselves though we're still on track to if that's your measure of success for some rather strange reason.

[Bjauck]

The policies may increase migration to countries such as Australia, that isn't as actively strangulating their economy through bans on oil, gas and mineral exploration for example. If that drains more of the skilled workforce, we're going to be in some serious trouble.

Previous National Party Governments had also seen lots of Kiwis head to Australia for higher wages etc. So no change there!

I am not sure why this government is criticised by conservatives. Ardern has taken a comprehensive CGT off the table. She has boosted benefits so that beneficiaries can afford to pay their landlords' rents and spend more on business owners' goods and services.

Teaching history from a neo-liberal point of view as opposed to a post-imperial or a cultural-cringe point of view is a small price to pay for what amounts to mere tinkering around the edges of the status quo.

A high wage and high productivity economy is still in the too hard basket.

[Panda-NZ-]

If she wants to change tax policy or other economic settings then it needs to be taken to an election.

People are already cyncical of politicians and we don't need to add to it even though national did with GST.

[Bjauck]

One possibility, which I have raised before, is that Jacinda Ardern does not stay as leader and resigns, as John Key did in 2016. Notwithstanding the current high approval ratings the current government is vulnerable. A significant cohort of highly indebted home owners are extremely vulnerable to any upward movement in interest rates. The government is struggling with housing, thousands live in motels. In health we are on the cusp of a Nursing strike with a vast chasm between what is being offered and what members expectations are.

Spot on! This has been the NZ problem for decades. Housing is too important to fail. It has been fed like a queen bee. While the lowly workers spend their lives tending it.

[Panda-NZ-]

Importantly it's not foreign buyers like it was under National but returning citizens who now have roots here it would seem.

These returning nzers have their own income from their private super & pension schemes on the way too since our policies there have been rather incompetent over time.

[Zaphod]

Australia's unemployment and debt much higher than here and they're on track to lose their credit rating.

But as you've stated previously, debt isn't an issue anymore as we can simply inflate it away!

LOTR tv films, infrastructure, microsoft data centres, sleepyhead. We simply don't have the workers for this success. I would say there's no need for jobs currently since we're near full capacity and it's time to move on soon.

LOTR (and filming in general) requires massive tax-payer subsidies to supposedly become economic. A data centre doesn't create large scale long-term employment, it's only short term during the construction phase, and having this located in NZ is of marginal benefit to customers as opposed to being based in Australia. Sleepyhead will certainly make significant profits on housing, but where's the long-term value in mass manufacturing of beds in such a remote country with low population whose shipping costs will escalate massively as climate change initiatives take hold? So far you haven't provided any examples of big wins for the country.

[Panda-NZ-]

But as you've stated previously, debt isn't an issue anymore as we can simply inflate it away!

You can't fudge international credit ratings. Well you can but there's no incentive to do it in this part of the world.

We've had an upgrade, them an outlook downgrade. no spending on infrastructure in their budget or anything which will last.