They reckon the recession is over.
1. Hopefully there has been a change in human nature regarding consumerism. People will once again understand, not the cost of something, but the value. Retailers that continually try to hoodwink people with fake sales deserve now to fail. People should know a fair price and be prepared to pay it. They should also learn to negotiate. If you do not ask you do not recieve.
2. The worst is that Key and National have missed the boat to use the recession to actually make some structural changes to our economy and more importantly, our psyche.
Borrow money, run deficits, 9 day fortnights, cycle tracks, housing allowances, UN security councils. Yep they really made the most of it.
Now we will stagger on as an economy buying and selling stuff between ourselves, slaves to commodity prices, high interest rates and a dollar we have no control over.
What a wasted opportunity to show some real leadership, hand some responsibility back to the people and say that the government can no longer be all things to all people.
Update. We spend $160mil a day but can't keep this open 24/7. We want core activities NOT social welfare engineering. Get a spending and tax structure in place that we can afford and incentivises people to work and create wealth. Who wants to invest in business here when all you are is a tax cashcow to feed people to do nothing.
NIWA is using higher temperatures to cook the books
4 minutes ago