Penguin: Key lies to help us
Yes, that’s an actual quote [sans ‘serfs’] from David Farrar lying about his master John Key’s lies about not raising GST.
hattip: frank macskasy
Economy
Posts on the economy, work, business, income, and labour
Labour’s fantastic children’s policy
Labour released its excellent children’s policy yesterday that will lift 150,000 children out of poverty and enhance families’ quality of life. The Right is wailing. Fuck ’em. They’ve turned a blind eye while 32,000 more kids have fallen into poverty. Only a Labour-led government will have the policies for a truly brighter future for all Kiwis, especially our kids.
Economic credibility – mote and beam
The focus of attention has moved on to costing the policies, promises and projections of the major parties. The Nats’ are desperate to have the media focus stay on the mote in Labour’s eye, and ignore the beam in their own. In the interests of informed choice, let’s hear both sides of the story…
Praise for the Occupation movement
In an Editorial that would not have been out of place as a post on ‘The Standard’ The Herald praises the Occupiers of city squares around the country, (and around the world).
Greens go red, Labour goes green
We live in a time of inter-related crises of the environment and the capitalist economic system. So, I guess it’s not surprising to see Labour becoming more environmentally aware at the same time as the Greens propose economic policies that would normally be out of Labour’s playbook. Don’t worry about them becoming too alike, welcome the solid platform for a new government.
John Key puts truth on 90 day term deposit
Insight on poverty
Sunday morning’s RNZ Insight program was an excellent examination of poverty in NZ. Labour’s policies were slowly reducing poverty. National’s are making it worse again. How much do we care?
Nats’ $11b budget hole
Last year and the year before, the portions of the assets National wants to sell paid over $400 million in dividends. Labour estimates lost dividends from those assets would total $11 billion by 2026. That’s an $11 billion hole in National’s budgets they haven’t accounted for. When will National front up and show us the money?
The impact of right wing economics
1980 saw the election of Ronald Regan as US president. On taking office at the start of 1981 he ushered in a package of right wing economic policies that soon picked up the nick-name “Reganomics”. How did that work out for workers and for inequality?
Show me the jobs
Unemployment up again. Key had bet on some kind of economic boost from the RWC. It didn’t happen. 3,000 more jobs lost in the last quarter. There’s 59,000 more people out of work since the Nats won power. It’s like a whole city the size of Hamilton has gone out of work under National. This government has the worst economic record in generations.
Acshully John, you will be a monkey’s uncle
John Key was really revving the crap out of his denimic environment generator today trying to discredit Labour’s costings for its policies. Either Key really is shit at math or he’s no clearer on Labour’s policies than he is on National’s.
hattip: a very prescient Jackal
Labour shows us the money
Labour has shown us the money. In surplus in the same time frame as National, and paying off debt faster because we keep the revenue streams from owning our own assets.
Key can’t count
It’ll be interesting to see the full fiscal details from Labour today. National is planning to borrow too, the question is how much they differ by. Only $2.6b in the first term with both having net debt about $50b. That’s the alternative to selling our profitable assets to pay for capital investment. The Nats’ $17b claim is riddled with basic errors. Updated with more bad adding from Key
Polls good for Left
There’s a TVNZ poll out tonight and a Herald poll tomorrow morning but, ahead of them, here’s some other new polls results that point to trouble for the Nats. 27% of young people want to leave New Zealand. 82% of people oppose farm sales to foreign buyers. 24% of people will change their vote over the Rena.
Dr David Suzuki message to the world
This address from Dr David Suzuki to the world, delivered to a gathering at Occupy Vancouver, attracted some attention in comments yesterday. Well worth watching.
Drunken Seaman John Key: borrowed $40 billion in 3 years to spend on his mates
Greek democracy
So, a government says that the people will have the say on its budget, and global markets plunge. Was there ever a clearer sign that the interests of the capitalist elite and the people are at odds, and the capitalists know it? It’s interesting that Papandreou has chosen to force a crisis and headed off a coup. Around the world, ordinary people want radical change.
Workers locked out because won’t take 25% pay cut
Over 100 meat workers have now been locked out for 10 days at the Canterbury Meat Packers works in Rangitikei. They are told they must sign an agreement that cuts pay by 25% and loses conditions in order to return to work. Some migrant workers face deportation if they lose their jobs. It’s a disgrace; they all need our support. Here’s how you can help.
NRT on the most important issue
NRT on the issue that is most important to Kiwis. It isn’t the economy.
Evicting Occupy Dunedin
Yesterday was a dramatic day for Occupy Dunedin. A trespass eviction deadline of 8pm came and went, but after a big show of public support, the Occupation is still there. Dunedin North Labour candidate David Clark lends his support to the movement.
Savings: National’s failing
National have a rubbish short-term plan for Government debt: Asset Sales.
But they have no plan at all for the private debt that is forecast to blow out worse than ever under their policies. Bit like the economy in general really.
Another empty promise
National says it’ll get 57,000 more people off benefits and into work over 4 years. That would require 50% more job creation than Treasury projects. Unless you do something about the lack of jobs, you won’t get benefit numbers down. Promising the latter without doing the former is a fraud on New Zealand. Just another broken Nat promise waiting to happen.
Heh
Business isn’t buying it
You’d think if the Nats could convince anyone that they knew what they were doing it would be the business community. But no, less than 35% of business owners think that the government has a plan…
National’s welfare policy
National’s got 60,000 more on benefits after 3 years. Nats’ plan: get 46,000 off in 4 years (only 11,000 into work, the rest?)
So, National’s welfare plan = 14,000 more on benefits 7 years after coming to power. Ambitious for New Zealand?
Where’s National plan to reduce corporate welfare? Like the $400m free irrigation they want to give farmers and keeping them out of the ETS.
Why the Nats Youth Rate is just plain bollocks
Labour candidate for Northcote Paula Gillon has submitted us a post on National’s proposed starting Youth Rate that appears to be ready for peer-review – with academic references and everything.
The Qantas lockout
There’s a lot going on with the Qantas lockout that isn’t being reported in our media.
This guest post from a reader who’s an aviation industry expert gives the dispute some context.
Hickey on how Key’s failing the kids
Dear Mr Key: “We are the generation born between 2002, when you became an MP, and 2011, when you won your second of four terms as Prime Minister. We wonder why you insisted on spending our inheritance to ensure you were voted back in.”… Bernard Hickey presents a chilling vision of the future. The way to avoid it is make sure that Key only gets one term.
Enough to finish us off
Five million kilos of radioactive yellow cake uranium are being shipped through New Zealand ports every year. ERMA was unaware this practice has […]
Nek minnit
Net benefit of hosting the Rugby World Cup $280m over 7 weeks ($780m tourist spending minus $500m investment and operating losses). Cost of an 8cm welding crack in the Maui pipeline: $350m after 2 days. Guess it pays to mind the small stuff. Least it didn’t happen during the Cup when Auckland was chocka with tourists.
National’s plan to screw workers some more
John Key has announced National’s IR policy and it’s all about cutting back workers negotiating power.
The message from Key is clear – big business might have made this recession but you’re the ones who are gonna pay for it.
Nats want to cut wages
The Nats want to extend the new entrants wage from 200hrs/3 months to 6 months. Won’t create jobs. Most businesses don’t bother with the new entrants wage anyway. word is, though, that the NE wage is a red herring. The guts of the policy will be a broad-spectrum on the rights of workers to organise and bargain designed to drive down wages
Labour’s savings & retirement policy
Well, they said they were going to run this campaign on policy and make the bold moves, and Labour proved that with their savings policy. National is been left floundering. Brand Key is unraveling while Labour starts to dictate the play for the first time since Orewa. But the substance of the savings policy wants a closer look, it has both good and bad aspects.
Saving our future
Labour’s savings policy is taking care of future generations by making KiwiSaver universal and compulsory for all wage and salary earners, by re-starting contributions to the New Zealand Super Fund, and by gradually increasing the age of eligibility for New Zealand Super from 65 to 67 over a 22 year period. Labour is taking the decisions that are right for tomorrow, rather than the easy option today.
Do you feel lucky PREFU?
The PREFU paints a pretty dismal picture of the economy. The worst case scenario is catastrophic, and (at one in five) I think that Treasury has significantly underestimated the odds. Do you feel lucky?…
PREFU
The Pre-Election Fiscal and Economic Update is out. It shows that National has broken its promises on the economy once again. Under National, we are under-performing woefully and their only response is to continue to promise that brighter future is just around the corner. Time for parties with real plans: Labour and the Greens.