The US Government has begun creating new money out of thin air, to inflate away the value of its debt and lower its currency to make its industries more competitive. It’s not the only country. Nearly all the major currencies are engaged in the ‘Currency Wars’, trying to force down their exchanger rates. We’re in the cross-fire doing nothing.
Eventually the dust was going to settle on the Hobbit fiasco and the truth was going to come out.
Fortunately the media has done a bloody good job of making sure that happened.
So what have they been saying?
Fran O’Sullivan reckons the Government will offer tax-breaks to keep the Hobbit in NZ.
But it also looks like they’ll try to keep claim it’s about the (settled) dispute.
If that’s the case there’s some truly gymnastic spin to look forward to this week.
Fran O’Sullivan claims inside knowledge of the bailout plan may have given some investors the inside running.
That’s reminiscent of the headstart some investors got in ’84 when the dollar was devalued.
And it’s one more reason we need a public inquiry into the bailout.
Fran O’Sullivan joins us in asking why the Government was so quick to completely bailout the South Canterbury Finance investors yet is so miserly with quake victims. The Right cries ‘moral hazard’ when it comes to helping out quake victims; we didn’t hear that over SCF. Fortunately, we can help those in need and avoid creating moral hazards.
Some within Labour believe that the tide of popularity is beginning to go out on the National government. Commentators seem to be waking up too. John Armstrong takes the Nats to task for their scare-mongering on benefits. And Fran O’Sullivan, cuts to the chase – it’s the economy stupid.
Fran O’Sullivan calls John Key ‘Cheerleader-in-Chief’ today. I still prefer rodeo clown. But she’s on the money, for the most part, in her description of National as a party afraid of the public and afraid of its base, and most afraid of what would happen if the public ever found out about its base’s ideological plans for our country. National has become completely stage-managed and has chosen a clown for a leader precisely because a clown is distracting.
Today, all the Herald’s political commentators talk about Key’s decision to come back from his Middle East trip after the ANZAC Day helicopter crash. My immediate impression was that it was right for the Prime Minister to come back after a national tragedy. But the revelation that Key’s return meant Tim Groser had to stay with the delegation despite his mother’s death changes things.
50,000 New Zealanders march against the mining plans of this government. For many, the mining agenda is yet another black mark against this government that has done nothing positive about the issues that matter – jobs, wages, health, education, the environment. But the capitalist elite who so desperately wanted their party in power are getting pretty pissed off too.
How much is the Huljich Kiwisaver figure-fudging scandal hurting John “the dodgy-director†Banks’ mayoral chances? Answer: a lot.O’Sullivan then explicitly writes off Banks – saying he’ll lose to Len Brown – and joins the long list of commentators criticizing the Huljich rip-off and noting it has damaged Banks’ chances. Think this story is only getting play in the business pages? It’s not.
What a cynical and politically-driven process this whole Supercity process has been. It is undemocratic to its core. It is not about ‘growth’ or creating a better city. It is about securing power (and, thereby, wealth) for the city’s right-wing elite. Now their plans are falling apart around them. A female candidate to replace Banks is their last gasp attempt to stop Len Brown winning.
In a letter to the Herald today, responding to Mike Lee’s op-ed of yesterday, Steven Joyce says:
“Contrary to what Mike Lee says, the Auckland Council will be able to appoint or dismiss any member of the Auckland Transport Board at any time.”
Problem is, Mike Lee didn’t actually say what Joyce says he did.
Fran O’Sullivan is a pro-business liberal or libertarian, David Garrett is a knuckle brain conservative. But actually, they’re not so far apart. It seems both believe in freedom for the rich and control over the poor. Incredibly O’Sullivan goes into bat for Garrett over his sterilisation comments.
Fran O’Sullivan agrees with my theory on the real reason for Phil Heatley’s resignation and the reason why an excuse was invented. The real reason was what amounts to Heatley’s theft of taxpayer money by using his ministerial credit card, and the receipt excuse was invented to protect Gerry Brownlee who had also misused his credit card
Tracy Watkins awards the first week of Parliamentary politics this year to Phil Goff, and points out that it’s as much due to his and Labour’s much improved performance as it is to Key and National’s shambolic, over-promise, under-deliver governance.
Despite almost never agreeing with Fran O’Sullivan, I have respect for her. She comes from the ACT-right and her pieces reflect that but […]
A range of interesting political/economic comment today in the Herald: Fran O’Sullivan joins the left-wing and groups like Federated Farmers in calling on […]
One area where I agree with Fran O’Sullivan is the dairy industry. Today she covers the Crafars: CraFarms’ bankers should do the decent […]
Fran O’Sullivan has rather given the game away on the MMP referendum. Frog has explained it so well, I can’t do better than […]
A few weeks ago the NZPA reported that the Government had agreed to establish a taskforce to “work on ways to close the […]
Fran O’Sullivan shows that she gets it – National-Act’s supercity is designed to serve the interests of the business elite by taking democracy […]
Fran, you’re pretty smart, you can do maths, and you understand the economy. You’re ideology is fundamentally flawed but at least you’ve got […]
This revealing quote is buried in the middle of today’s Herald story by Fran O’Sullivan headed “All change on the gravy train”. It […]
Today’s Herald sees Fran O’Sullivan making another valiant effort to dig her hero, John Key, out of the hole he’s in over his […]
In the Weekend Herald today, Fran O’Sullivan opines: “By drawing out his opponents before they even noticed Key was using the type of […]
