Our wonderful leader John Key is able to sell our assets, spend all the money and then some on his favourite projects, pay down debt and maintain our credit rating all at the one time. If you believe this there is a bridge that I would like to show you …
Dr Brent Layton of the Electricity Authority has produced a 28-page paper to refute the claims of Molly Melhuish, Dr Geoff Bertram and Bryan Leyland that “the Authority’s approach is a light-touch approach to regulating the electricity markets.” Layton says that forcing prices and asset values down will have a “chilling” effect on fearful investors. The ‘”chilling” metaphor is particularly inapt when used to defend wealth transfers from the poor to the rich.
The Key government and its allies are playing the “red scare” gambit, the Greens get to the heart of the reason for NZ Power, Parker goes Third Way, while Bernard Hickey and Matt McCarten weigh in to support the (alleged) “socialist” NZ Power policy. Bomber Bradbury adds some words of caution. [updated title]
At noon today Labour and the Greens jointly announced new energy policies. “NZ Power” is big and it’s bold. It will completely restructure the way the electricity sector is run, and result in lower power prices for both domestic and business consumers.
If we can’t afford to buy the assets back, we should at least make clear we will regulate them severely and take the profit out of electricity companies…
David Parker has drawn attention to a steadily growing $1 Billion hole in projected tax income. That gap, and the stalled economy which underlies the problem, are not going to be fixed by John Key acting like an angry chimp in parliament, flinging insults out of his cage.
… then maybe more attention would be given to increasing numbers of people struggling to get the necessities of life. Record queues outside Auckland’s City Mission. The Brighter Future never comes. Revisit The Spirit Level.
It was a good productive conference for Labour. The best reaction about David Shearer’s speech and the rank and files reactions to the conference that I observed was probably from Robert Winter, so I have quoted it here. Thanks to the NZLP’s council for letting me attend, and thanks to the working journalists for tolerating me.
I’ve been thinking about what you might call a ‘good problem’ for the Left.. but it leads me to a ‘problem problem’. OK, so let’s say we win the next election – as the Left must do and should do given how unpopular the Nats’ policies are and, for the last year, how inept their political management has been. How do you share the economic portfolios out?
There is ample evidence of a deep and lasting crisis, but in the delusional world of Planet Key it doesn’t exist. The EPMU Job Crisis Summit opened a much needed conversation. Russel Norman likened the New Zealand economy to a rudderless sailing ship In Stormy Seas. Will the summit be the start of a sea change for NZ?
David Parker got stuck in to the Nats last week, with a 30 page report that laid bare National’s appalling economic record, and presented an outline of Labour’s alternatives. Good work from Parker – everyone should read it.
It was standing room only in Auckland last night with over 200 people packed into the Polish Society clubrooms to hear David Parker deliver a very positive message on Labour’s economic policy. Labour’s Auckland organisation is also getting into good shape. And there is more to come. Watch this space.
Fresh ideas to grow a stronger manufacturing sector, on top of the major changes Labour has already signalled featured in a speech given today by David Parker to a union audience in Wellington. David Cunliffe was there too, and I particularly liked the discussion afterwards. The key players are receptive to good ideas and it looks like Labour will have a real alternative to offer at the next election.
There’s been some talk around the ‘sphere about a speech where David Parker made comments that some (*cough* Chris ‘the Right’s favourite Leftie’ Trotter *cough*) thought meant he supported asset sales. That obviously caused confusion because Parker and Labour are clearly against asset sales. Now, someone’s taken the innovative step of asking Parker what he meant (spoiler: it’s not what Trotter thought).
Today’s DomPost says David Parker’s recent speech “criticised National for failing to boost imports and control housing prices.” That didn’t sound like David Parker. Sure enough he had put his finger on the real problem, the government’s failure to boost exports. Key’s reported “putdown” was Labour is “a joke.” One thing is certain, New Zealand’s ever-receding “brighter future” is no joke. I’d like to see the DomPost put it right. Tell us all what Parker actually said, then let us decide which party is the joke.
Key’s ditched the surplus target that was so important a month ago – yet another casualty on the way to the brighter future. The Queen may have asked him why he didn’t see European contagion coming. Shearer is right – Europe is an excuse for a government that has run out of ideas. Labour does have a fresh approach – we need to hear more.
The news out of Europe, China and Australia is looking worse by the day. What’s coming at us doesn’t look pretty. I was about to do a post saying I hoped someone in Labour was doing some scenario planning and was very pleased to see today that Parker’s eyes are open.
Don’t blame Greece: if you change nothing, nothing changes. National’s problems are their own to solve, but they don’t have the guts to look at the big problems in New Zealand’s economy. 0.6% growth in total over the last 3 years – less than population. But National only tinkers and distracts, as our brightest and best head to Aussie.
The new Labour line-up is announced. Parker Finance, Ardern Social Development, Cunliffe Economic Development (plus Assoc Finance) round out the top five.
There’s talk Shearer might hand Cunliffe the poisoned chalice of foreign affairs. As Clark did her main rival, Goff. That’s no job for a man with a young family. Anyway, Goff’ll want it back ahead of taking the Chinese ambassadorship. Instead, let Cunliffe swap with Parker, who was invisible in economic development and energy, and take on Joyce.
It worries me that the media and right wing are trying to take control of the Labour Leadership contest. There’s no great hurry with Christmas around the corner (no new leader is going to get a lot of traction over the summer holidays), but the consequences of making a hasty decision will be disasterous for the party, and disasterous for New Zealand.
Have just received an email from Labour’s President Moira Coatsworth. Phil Goff and Annette King to resign Labour’s leadership effective December 13. Moira is urging all Party members to make their views known to their MPs about the new leadership.The caucus will make the decision but members will have their say. Good.
Looks like Labour will have a proper leadership comp with Goff as caretaker till early next year. Good. Let’s get to know the options. Labour needs to get this right. Because the next Labour leader needs to be the next PM in 2014. Needs to be able to win. The poor people of NZ can’t afford another lost 3 years being squeezed and ripped off by the Tories.
As more oil leaks from the Rena, National’s beginning to leak too. I’ve just been hearing about their latest internal polling, and it ain’t pretty. As the earlier Horizon poll suggested, the Rena has been an inflection point for National and the masses of soft support they’ve accumulated is drifting away.
If electricity assets were part privatised, future governments couldn’t make the kind of reforms that National made earlier this year because of the need to consider private investors’ rights. Pretty simple, eh? Tell that to Hekia Parata. Bill English has his head in the sand on the effect of falling markets and can’t guarantee Kiwi ownership.
It looks like the race for Epsom is about to get a whole lot more exciting. Former ACT funder Colin Craig seems set to throw his hat into the ring against ACT’s John Banks, National’s Paul Goldsmith, and Labour’s David Parker. It only needs Winnie to join in to make a real party of it. Can Parker slip through the middle and win?
