Labour govt 2020-23

[Logen Ninefingers]

The problem this government has got is that the ignorant populace now firmly believes that ‘excessive government spending has caused this inflation’. Therefore the confused and bewildered ignorant populace - whose overriding preoccupations have been banal trivialities & talking gleefully about property - now hold this government directly responsible for the existential horror of CPI inflation and rising mortgage rates.

Usually the ignorance of the populace plays right into Labours hands: see ‘9 years of neglect’, ‘we blew all our money on a flag referendum’, ‘Jacinda saved us from COVID’ for the proof.

Now the ignorance of the populace is a huge headache, because all Robbo knows how to do is spend like a drunken sailor. It has been his answer for every problem. Now when Robbo continues with his habitual spending like a drunken sailor he will cop the anger and dismay of the ignorant populace who are seeing their previous comfortable life of low CPI inflation & property riches delusions disappear before their eyes like a mirage.

[Panda-NZ-]

The problem this government has got is that the ignorant populace now firmly believes that ‘excessive government spending has caused this inflation’. Therefore the confused and bewildered ignorant populace - whose overriding preoccupations have been banal trivialities & talking gleefully about property - now hold this government directly responsible for the existential horror of CPI inflation and rising mortgage rates.


Usually the ignorance of the populace plays right into Labours hands: see ‘9 years of neglect’, ‘we blew all our money on a flag referendum’, ‘Jacinda saved us from COVID’ for the proof.

Now the ignorance of the populace is a huge headache, because all Robbo knows how to do is spend like a drunken sailor. It has been his answer for every problem. Now when Robbo continues with his habitual spending like a drunken sailor he will cop the anger and dismay of the ignorant populace who are seeing their previous comfortable life of low CPI inflation & property riches delusions disappear before their eyes like a mirage.

Its clearly the obese civil servants and teachers driving SUV's to work causing petrol and food price rises who need to be reigned in.

I agree the public can be slightly fickle but still nowhere close to Australia or the gold standard America, yet.

[Panda-NZ-]

Aussies for instance reckon the Liberal party are best on national security and the economy.

Despite losing vietnam, iraq, afghanistan, the solomans, various pacific island interventions with 13 terrorist incidents within Aust since 2013.

Absolutely nothing can change these beliefs so they're on the road to america in that regard.

[Panda-NZ-]

Though come to think of it it's the same with National the economy.

"Get back on track" and similar mindless drivel.

[Blue Skies]

This hyperbole phrase first coined by National's Paul Goldsmith (remember the finance spokesperson who got all his basic figures wrong) which is carelessly being thrown about by a few people, accusing Robertson of 'spending like a drunken sailor' & the cause of this inflation, doesn't stand up to scrutiny.

If anyone is interested in facts rather than emotion, in 2016 when last National govt was in power, govt spending as a % of GDP was 36.46%.

Now if Robertson was spending like a drunken sailor, you'd expect that ratio to be around 60% maybe 65%.
But in fact despite the once in a lifetime world wide disruption the Covid pandemic has caused & the $20 billion Covid wage subsidy (which National said at the time should have been more), govt spending as a % of GDP was 43.6% in 2021 & forecast to drop to 38.82% next year & 36.2% in 2025 just 3 years from now.

In the context of the massive disruption the pandemic is causing, that doesn't seem like 'spending like a drunken sailer' to me, it seems more like a reasonable response to soften the impacts of the pandemic. Others may see it differently but then you would have to put National in the same basket.
And Neither Luxon or Willis have refused to say they would cut anything from current govt spending.

In terms of being the major cause of this spike in inflation, that as we all know is ridiculous.
Again Luxon & Willis basically acknowledge that unless huge cuts were made in the 3 big spending areas of Health, Education & Social Welfare, any minor tinkering with a few cost cuts here & there, is not going to make the slightest difference to inflation. ( thats also supported by the Reserve Bank Gov & the banks like ASB). And of course they are not going to make big cuts in those 3 areas.


Others may see it differently, but lets see some facts to back up those opinions rather than emotional hyperbole.

[Panda-NZ-]

Somehow they have to make the numbers add up on:

Tax cuts.
Return to surplus sooner.
Match the health spending increases.

So let's wait for the details the team come up with.

[dobby41]

Others may see it differently, but lets see some facts to back up those opinions rather than emotional hyperbole.

Unfortunately in this day and age that doesn't have to happen.
As Trump-inspired - if you repeat an untruth often enough it becomes the truth.

[nztx]

Let's see how many remain standing upright on the deck after the approaching perfect storm
has blasted through

[nztx]

https://www.msn.com/en-nz/news/natio...w8v?li=BBqdk7Q

Seven people have been arrested following the recent gang-related shooting spree across Auckland.

Our learned mate Kelvin Davis will want to have them all out on bus ticket warnings (in lieu of correcting anything) in a few months time ready to resume combat from where they left off

probably all good model citizens who only occasionally delved into a bit of weed nothing more
serious & have vowed to a select few to never even look at anything more sinister than a pea
shooter going forward ..

[nztx]

https://www.nzherald.co.nz/business/...PFKEMS4KXZ4QQ/

Steven Joyce: The problems keep piling up, but the band plays on

Our recession clock is steadily moving closer to midnight. Yet the government band plays merrily on.