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Thread: National - FFS!

  1. #1371
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    Quote Originally Posted by Blue Skies View Post
    Whoa, hold on, your outrage may be a bit misplaced.
    The projected Govt contributions to the Superannuation fund are set by Treasury's NZ Superannuation Fund Contribution Rate Model which is always publicly available on Treasury's website. It's a formula so actual contributions are going to vary from year to year.
    Goldie made a big deal of waiting till the PREFU came out to get the correct figures to base their economic policy on.
    But he used the wrong figures & made a $4B mistake & claimed in his defence on ZB this morning, it's a big document with lots of figures!
    C'mon Paul, are you saying it's too complicated for you ? replied a clearly scathing Hoskings.

    Secondly, Goldie only admitted the mistake after Grant Robertson corrected the figures for him, he seems completely naive.

    Judith & others in National feel very let down, as economic competence is the key plank of the election strategy.
    It's such a terrible mistake, some are even asking if it was intentional to destabilise Collin's leadership.
    Interesting.
    Iceman - read some of the stuff here
    https://www.treasury.govt.nz/publica...odel-befu-2020
    Seems Goldsmith needs to understand how it works also.
    Looks like, because the projections for the economy have changed since the budget, the sums given to the fund also change.
    So the Govt hasn't cut the contribution, just that less contribution is required.
    Unlike National who want to just not contribute - like they did last time they were in.

  2. #1372
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    Quote Originally Posted by dobby41 View Post
    Interesting.
    Iceman - read some of the stuff here
    https://www.treasury.govt.nz/publica...odel-befu-2020
    Seems Goldsmith needs to understand how it works also.
    Looks like, because the projections for the economy have changed since the budget, the sums given to the fund also change.
    So the Govt hasn't cut the contribution, just that less contribution is required.
    Unlike National who want to just not contribute - like they did last time they were in.
    I guess this just shows that National is running this time with a talent depleted and quite unexperienced team ... just one of these rookie errors which are happening if you don't know what you are doing:;

    Pity they managed to get rid of most (or all?) of their high quality politicians like Bill English, Amy Adams, Nicky Kay, ...

    Once upon a time National used to have more competence under its banner, but now both big parties look pretty talent depleted to me. Anyway - this might be as well a chance for new young talent (on both sides) to shine. Roll on 2023 ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #1373
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    Quote Originally Posted by artemis View Post
    Not a good look especially just before the campaign launch.

    Who knew that the government has quietly made a big change to super fund contributions? That announcement should certainly have made the news. Was there an announcement? When was the decision made? When did Minister Robertson change his mind about suspending contributions? It is only a few weeks since he said suspending was a backwards step and the fund is a smart investment.
    National caught out again good to see the media following up on Brett Hudsons blatently misleading statement

    End of story? Not quite. National MP Brett Hudson weighed in on Twitter in an attempt to throw the ball back to Labour, saying Labour had “quietly” reduced contributions to the Super Fund and then sprung it on National to “try a gotcha”.



    Labour criticises our idea to temporarily halt contributions to Super Fund, then quietly reduce contributions to save some money. When we miss that they try a gotcha. Remarkable how spooked they are by our tax policy that they’d expose their own hypocrisy to highlight an error https://t.co/14YtgL0bYF
    — Brett Hudson (@bhudson_nz) September 20, 2020


    This is not the case.


    https://interactives.stuff.co.nz/202...illion-mistake
    Time is a great teacher, but unfortunately it kills all its pupils

  4. #1374
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    And it seems the back bench twit MP still has not deleted his tweet which has been proven to be wrong ... though at 36 on the list i think he will be unemployed in a few weeks
    Time is a great teacher, but unfortunately it kills all its pupils

  5. #1375
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    It gets worse, after Collins reassuring all, there were no more mistakes in National's proposed budget & everything had been double checked by Goldie, another mistake has been found.
    Collins will be furious, credibility shot.
    Not good enough from an auditioning Minister of Finance, totally incompetent. (This is his 4th finance mistake ).

    National need to find another finance spokesperson quickly. But who?


    https://www.newshub.co.nz/home/polit...en-bigger.html

  6. #1376
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    Quote Originally Posted by Blue Skies View Post
    It gets worse, after Collins reassuring all, there were no more mistakes in National's proposed budget & everything had been double checked by Goldie, another mistake has been found.
    Collins will be furious, credibility shot.
    Not good enough from an auditioning Minister of Finance, totally incompetent. (This is his 4th finance mistake ).

    National need to find another finance spokesperson quickly. But who?


    https://www.newshub.co.nz/home/polit...en-bigger.html
    Pathetic - $88m difference out of $18.63 billion, basically a rounding difference played up as something monumental.

    Try Kiwibuld - less than 400 built out of 18,000 promised!

  7. #1377
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    What about the $4b fat finger mistake yesterday balance or is a slip up that monumental ok for the blue crew to make ?

  8. #1378
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    Quote Originally Posted by boysy View Post
    What about the $4b fat finger mistake yesterday balance or is a slip up that monumental ok for the blue crew to make ?
    Goldsmith himself has already admitted his mistake.

    Flogging a dead horse.

    FYI - Kiwibuild is out by $8 billion.
    Last edited by Balance; 21-09-2020 at 09:25 PM.

  9. #1379
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    Quote Originally Posted by Balance View Post
    Pathetic - $88m difference out of $18.63 billion, basically a rounding difference played up as something monumental.

    Try Kiwibuld - less than 400 built out of 18,000 promised!


    Yes perfectly understandable, as Goldsmith clumsily pleaded, "the PREFU is a big document with lots of figures!" and "no ones perfect."

    There's lots of figures, too many figures, fewer numbers would be easier, much less numbers better, and fewer pages too!

    Where's your sense of humour, it's almost too funny to be true.

    Can imagine how impressed John Key & Bill English are.
    This is the 4th mistake he's admitted to so far, miss costed National's Tourism policy, miss costed the Greens tax policy, miss costed National's own budget twice.
    I don't think accounting & finance is his strength.
    But who else to replace him in National, cause I'm having difficulty thinking of anyone.
    Last edited by Blue Skies; 22-09-2020 at 01:49 AM.

  10. #1380
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    Quote Originally Posted by Blue Skies View Post
    Yes perfectly understandable, as Goldsmith clumsily pleaded, "the PREFU is a big document with lots of figures!" and "no ones perfect."

    There's lots of figures, too many figures, fewer numbers would be easier, much less numbers better, and fewer pages too!

    Where's your sense of humour, it's almost too funny to be true.

    Can imagine how impressed John Key & Bill English are.
    This is the 4th mistake he's admitted to so far, miss costed National's Tourism policy, miss costed the Greens tax policy, miss costed National's own budget twice.
    I don't think accounting & finance is his strength.
    But who else to replace him in National, cause I'm having difficulty thinking of anyone.
    It was a mistake that should not have happened. No question about that and Goldsmith did and should accept responsibility for it.
    But it also makes one question how the Budget forecasts in May can already be out by BILLIONS of dollars, even on things like Cullen Fund contributions. Is there anything in the Budget going to be even close to reality ?

    But what about looking at the failed plans and forecasts from Labour (see attachment) ? They are real !
    Last edited by iceman; 22-09-2020 at 05:02 AM.

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