Monday, January 4, 2010

One For The Shouters.......

.......and Whaleoil.

For all those who have been loudly bemoaning the gummint's refusal to turn the ship of state hard a-starboard at full speed during the first year of its three year term, here's a little something.

Hidden away in the Herald on the second Monday of the silly season is a highly illuminating and down to earth piece by treasurer Bill English. (This is the same treasurer against whom Whaleoil maintains a foolish and pathetic vendetta. In difficult times I'd rather have English at the helm than any other contender remotely available.)

http://www.nbr.co.nz/files/article-images/Bill_English.jpeg

Here's the standout quote. Note well, the real recession in NZ was created by Clark and Cullen in the year in which they stole a general election. God knows why the Bilious Bitch was honoured for THAT.

The tradeable side of the economy - exports and those industries that face international competition - has been in recession for five years, with output now some 10 per cent below 2005 levels.

By contrast, the public sector has grown rapidly, but with poor productivity.
For the shouters, at last there is a preview of what is to come in next year's budget. These are many of the things the shouters wanted done instantly. Hey fellers, 2010 budget is STILL only half way through the full three year term and here is the summary.
  • Further winding out of the Resource Management Act
  • More productive infrastructure investment
  • Support for trade
  • Improving education (standards is a pretty good start)
  • Kicking the public service into some semblance of productivity
  • Revamp the tax system
Improvements in education and the public service will take some time to take effect. It's too late for the unfortunate fifteen year old illiterates of today and anything other than natural attrition in the PS is political suicide. However, the remaining four areas of focus can all be expected to yield results within two years or better.

Our immediate concern was to ensure that as many people as possible retained their jobs. We struck a balance between maintaining spending and controlling debt and we put in place a rolling maul of initiatives to support families and jobs.

This approach has worked. Revised forecasts suggest unemployment will now peak at about 7 per cent - 17,000 lower than Budget projections - and far lower than the devastating scale witnessed in the United States and Europe.

Protecting New Zealanders from the sharp edges of the recession was an urgent focus for us in 2009.


Long may we thank John Key and Bill English that they did not follow the pump priming folly of Obama, Brown, Rudd (and Goff) as they printed money and enslaved their next generations, all for nothing of any tangible or immediate value.

Oh, and Whaleoil. Good luck tomorrow. Keep cool and calm.

4 comments:

Redbaiter said...

Long may we thank John Key and Bill English that they did not follow the pump priming folly of Obama, Brown, Rudd (and Goff) as they printed money and enslaved their next generations, all for nothing of any tangible or immediate value.

????????????????

What..??

Who the hell wanted that??? That's not what the cticism was aimed at.

..and where's the long term benefit of borrowing a billion a month to keep 'work for the dole' public servants employed???

This ain't finished yet Adolf. Not by a long shot.

Anonymous said...

tax reform????
when will we look at the white thing in the corner with the large ears and very long nose flanked by a pair of very large piano keys, that has cousins in Asia and Africa, but unlike them gets bigger every year and sucks the life out of the 1 million people who are propping it up?
Before the govt goes tinkering with the income side of the P&L it should adress the cash bleed on expenses side (and I do not mean minimising useful expenditure like roads, dams, generators, and other tangible instructure).
During the great depression the unemployed were used to improve some infrastructure which ultimately improved NZ's productivity.
Perhaps once the RMA is sorted by February we could then offer the Unemployed's benefits to employers as a subsidy to take on new staff, with rapid depreciation rates for instructure projects, thus creating a paradigm shift in the economy toward the productive sector.
The likes of Weldon and all the other compromised objectors wanting the "rich pricks' tax loop holes closed would be appeased as the new instrastructure companies vying for the new projects would be able to go to the market to secure funds, be that debentures, or share capital, and so all the ticket clippers would get some more action, and not have to bemoan the lack of ability to nibble at the pie that is housing (the thing that keeps the workers protected from the environment and generally healthier than they would be if they lived on the streets: but thats not factored into productivity; go figure). Water rights trading should be enacted this year, as it is a real commodity unlike carbonbollocks, and will have real benefits for the NZ economy.
But alas I will be disappointed as none of this will come to pass. (message to Key and English: make me eat my words, go on I dare you!)

David Baigent said...

quote from "Anonymous".

..."But alas I will be disappointed as none of this will come to pass. (message to Key and English: make me eat my words, go on I dare you!)..."

There are two very short words in this challenge from Anonymous.

The words "I" makes your message quite meaningless.
No matter how well meaning or useful you may be in real life, with a name like "Anonymous"... any threat, offer of help or contribution to others is just a fiction.

Even Redbaiter with all that rant has earned him/herself an identity of sorts and can be relied on to get the words across.

db..

Whaleoil said...

Yes Adolf, but what has Bill English done about the rampant growth in the Public (non-productive) Sector.

Nothing, in fact he retained all of Labour's "entitlements" ensuring there would be zero change in the public sector.

I predict that the election promise of no growth in the sector and natural attrition will be quietly ignored.

Bill English actually hasn't done a thing, he has simply sat on his hands and called for reports and then reports on the reports. That is all he ever does or will do.

That said I don't advocate and never had for the madness that Obama and Rudd and the one eyed scottish twit have beset their countries with.