New Rogernomics wrote:Sorry but the high dollar is to do with government policies or rather economic inaction.
Explain.
It's not the government's fault that companies are set up in such a way that high exchange rates makes them less viable. If there was a method that would lower the value of the dollar without seriously destabilising the economy, it would have been used years ago. But there isn't.
The government's role is to make the environment friendly for businesses, this is a state capitalist system
State capitalism? Are you saying we should become like Singapore or China? What on earth are you talking about?
You also realise that New Zealand is ranked third in the world for ease of doing business, right?
You can't grow an economy by allowing unemployment to spiral out of control
And which major party actually wants to see unemployment to increase? Enlighten my silly neoliberal mind. Please.
you cannot grow an economy by cutting education spending and sacking tens of thousands of people (they spend money, which in turn stimulates the economy; and generates tax revenue).
And just where do you expect all these jobs to be? Where? What industries? We are all putting people out of work everyday. You shop online - there goes the retail sector. You bank online - there go the clerks. You want cheaper televisions, fridges, computers etc, jobs are outsourced to cheaper parts of the world. Where do you think these jobs are going to come from?
I am as guilty as everyone on this, but God, get some perspective and stop blaming the party you hate just because it's the trendy thing to do.
Government jobs aren't the answer to everything. In most cases, they're not. It's just people being paid for by other people's taxes. it makes no difference.
That is why the stimulus has saved the US economy and created jobs, whereas NZ austerity has done nothing
Now I'm starting to worry for you. New Zealand is forecast to grow at 2.2% this year and over 3% next year, almost double that of most advanced economies. The US on the other hand, is forecast to barely make 2% next year.
Our credit rating is AA+ and is constantly confirmed for a positive outlook.
You keep saying "austerity" as we're in some severe economic situation where the government has to take deep cuts. We're not. Kindly stop with the misleading exaggeration.
the effect being that any recovery is too slow and cannot keep pace with mounting debt. The debt is at such levels that only a change of government could hope to fix it,
Oh for Christ's sake, it's one of the lowest in the developed world. Enough with the hyperbole.
If you compare NZ's economic indicators with all other OECD countries, we doing better than most. Our performance is positive and our outlook even better.
fortunately 'the left' as you call it is rising in the polls.
It is? National is comfortably ahead of Labour and John Key is miles ahead of David Shearer as preferred PM.
I will be glad to see John Key pack his bags back to Auckland, he can share a home with Ruthanasia
I'd hate to remind you that Ruthanasia was merely a continuation of your beloved Rogernomics.
and when Labour, NZ First and the Greens pour billions into the economy and education to create jobs; that is when the true recovery will began
So you want another Clark/Cullen style government with reckless spending to the extent that it cannot be politically unwound without severe economic repercussions?
Earlier in this thread you were hoping that eventually Labour would die out. Now you're hailing them as saviours from the wicked John Key. Why the change of heart?
By the way, we are already undertaking significant infrastructure projects which most developed economies can only dream of doing.
An economist friend of mine believes that the NZ banks are set to collapse, because the profits are too high and that reveals massive flaws in the NZ economy.
Except for the fact that NZ banks have a positive outlook, as confirmed by credit agencies?
And the reason why banks are taking in large profits is because the banking sector is relatively stable. What kind of a pseudo-economist is your friend?
National is a party for people who hate the disabled and view them as refuse (they cut the funding for disabled in schools), hate the unemployed with more venom that Romney is capable of, hate kids (closes their schools and cuts cooking and skills classes), want to destroy the environment (mining national parks for 1% royalty while foreign corporates take 99%), support creationism (charter schools) and believe in the free market myth.
Here we go. I knew it wouldn't be long before you'd spurt some sensationalist tosh. Cutting funding does not equal to hating children and the disabled. Allowing charter schools does not equal to being a creationist. How on earth did you come to that?
God, the above post is no different to the people who say Obama is a Communist or Merkel a Nazi. Do you realise how much credibility your argument has lost due to that?
Your schools funding claim is utter crap. You completely ignore the extra $1 billion that will be pumped into schools. You ignore the new schools to be built. You probably think class sizes will increase due to schools mergers, which is again is crap because the schools that will merge will get more classes and teachers.
But, who am I to tell you that. John Campbell has told you everything you need to know about school closures and how John Key is the spawn of Satan, didn't he?
I am close to packing my bags,
Out of curiosity, where are you thinking of moving to?
National is the devil.
And Labour and Green are the Second Coming?






