Thursday, November 27, 2008

Liarbour's failings laid bare


Last night in my Bill English post, I touched upon our worsening economic situation.
The OECD clearly highlights the failings of the Helengrad years with a couple of clear statements.

New Zealand has entered recession ahead of other OECD countries, a victim of simultaneous domestic and foreign shocks," it said.

Oh! I wonder why we entered recession ahead of others? Who was to blame for these domestic shocks. Some answers to follow:

"The outlook remains subdued because the large macro-economic imbalances which have built up over the past decade - inflation, housing overvaluation, high household debt and a huge current account deficit - will take some time to unwind."

And who was responsible for that? who was in office then?, but Uncle Helen and her Fiscal Fool!

4 comments:

Observer said...

The sad thing is that Labour will say, as they did through the 90s, that they left a 'perfect' economy behind them. The fact that the word Failure will be omitted from it's place behind Perfect will not be noticed by the reporting media!

Lucy said...

Yes. Unless the reporting media undergoes a revolution the complete failure of the Labour party will be erased and National will become the 'bad guys' again when they clean up the mess.

Goff is already saying "Labour left the country with a perfect economy" and I havent heard one of the MSM contradict him or ask one hard question about that statement.

Baxter said...

Yes but they did leave us with a railway.

Blade said...

Does anyone have any ideas as to what the FISCAL FUCKWIT is doing.
since they flushed the crap out of the Beehive and into the sewers where they came from.