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- Date published:
5:30 pm, December 17th, 2024 - 24 comments
Categories: Daily review -
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Daily review is also your post.
This provides Standardistas the opportunity to review events of the day.
The usual rules of good behaviour apply (see the Policy).
Don’t forget to be kind to each other …
Same old….same old…..past Labour govt all to blame for state of economy……….
https://www.stuff.co.nz/business/360524865/live-treasury-releases-half-year-economic-and-fiscal-update
Barbara Edmonds (specialist tax lawyer) responds: https://www.labour.org.nz/news-nightmare_before_christmas_for_nicola_willis
If Planet Key wasn’t bad enough we now have Space junk Cluxons…….
Treasury and Willis thought their tax cut productivity gains would stay and make all the service and project cuts worthwhile.
Nope.
The classic rules are that in a downturn you don't cut govt spending and you don't give tax cuts to the rich. The former stifles the economy and the rich put the money in the bank for safety, to wait for better times – both things take money out of circulating in the economy. National are financial illiterates.
Barbara Edmonds is not a registered lawyer.
Indeed, if she is claiming to be one, she would appear to be breaking the law.
[Still creating straw man arguments and diversion trolling. Last time https://thestandard.org.nz/open-mike-25-07-2024/#comment-2005916) your ban was increased from two weeks to two months and since you’re still wasting our time and adding zero value here here’s your warning that you’re looking at a much longer ban again if you keep this up. Have a nice Christmas – Incognito]
https://en.m.wikipedia.org/wiki/Barbara_Edmonds
Unlike Nicki No-Boats, Edmonds has a wealth of experience in government finance issues, having worked for both the Nats and Labour since 2016.
Sigh….go and do your homework Alwyn…….coming across like Nicola Willis is not a good look……
Mod note
Nicola Faillis turning into a reverse King Midas, weaving gold into straw. Borrowing $12 billion for tax cuts doesn't look so smart now Nicola
Ahhh gc but it was Labour's fault. Nicola said so.
Junior Willis "Mummy who started ww2?"
Nicola "It's Labours fault"
Barbara Edmonds does talk here about the chilling effect CoC policy has had on the economy:
Firing thousands of public service employees and threatening and undermining the public service and councils has signalled to everyone really that it's important to do nothing right now and get rid of workers. It has induced paralysis of the economy and that is squarely the fault of Luxton, Willis, Seymour, and Peters.
Willis and Luzon blame Treasury of course for apparently being, "too optimistic". I'd say Treasury did what Treasury does and forecasts down the middle with the information they have on hand. What they didn't foresee was the rank incompetence of Luxon and his dreadful finance minister.
The COC is fortunate that the tens of thousands of kiwis heading overseas for a job help mask the unemployment rate, if half of them stayed the rate would be 1 or 2% higher. Meanwhile inflation running around 2.5%, minimum wage increased 1.5%. wages going backward, jobs going, unemployment sky rocketing, economy nose diving, willis increasing govt debt at an alarming rate, health system coming apart at the seams……
When I predicted what austerity would do, Belladonna told me to have a cup of tea and a lie down.
He/she should apologise and admit the damage this CoC has done, firstly by appointing such poor treasurer. Her, Willis hubris in refusing to accept advice. Choosing a new advisory group!! She is spiralling us into a full on recession.
The situation they have us in has been exacerbated by her actions. Next year will be worse. Sneaking two contentious bills through during holidays as well.
This has to be a one term Government, So unfeeling, so destructive and so self serving.
They are clearly working for their funders not for us.
All they appear to do is pillage and destroy. And the pillaging isn't even for their benefit (or for minor benefit like campaign funds), it appears to be for overseas interests. Olden times National would do stupid stuff but at least it was for the best interests of New Zealand. Nowdays, it all seems like it's to financially enslave us.
Echoes of Ruth Richardson who deepened a recession and put 2 generations on the poverty line.
She's good.
@kelvin_morganNZ
Greens co-leader Chlöe Swarbrick utterly nails it in her response to todays release of the Half Year & Fiscal Update (HYEFU) which saw Finance Minister #NickyNoBoats Willis walk out of the House less than halfway through her speech.
#nzpol
https://xcancel.com/kelvin_morganNZ/status/1868945458242240663
Chloe on fire…..she is politician of the year….again.
I agree with Bearded Git, Chlöe Swarbrick was pure fire and burnt them down to the ground – Willis couldn’t handle the truth.
Absolutely awesome, Chloe. Calls the government out.
1998 Ignorance has won
Always just a suggestion.
Just read this to understand what Christian fundamentalism is to right wing politics.
https://www.scoop.co.nz/stories/AK2201/S00433/why-brian-tamaki-sits-in-prison-alone.htm
What unreadable rubbish. Wouldn't even make the world's most boring sermon. To paraphrase "Don't know Tamaki, but his going to prison is like St Paul's incarceration."