Tuesday, June 9, 2015

Never Let A Good Crisis Go To Waste

Do readers remember all those major crises reported by the Labour Party over the last two or three years?

There was the manufacturing crisis, for which they held a much ballyhooed national summit conference.  Trouble was, just before the summit the figures came out showing the most robust manufacturing growth for a decade.  Then there was the employment crisis which suffered a similar fate to its manufacturing cousin.  And one must not forget the housing crisis in which first home buyers can't afford to buy a four bedroom home within a couple of kilometres of the Auckland GPO.

Now here's their latest.  The Gummint Surplus crisis wherein Labour has been Lambasting Bill English over his apparent failure to deliver a budget surplus this financial year.  Today's Herald carries the remarkable news that actual gummint revenue has vastly outstripped predicted gummint revenue.

The operating balance before gains and losses (Obegal) was a surplus of $448 million in the 10 months ended April 30, compared to the forecast deficit of $555 million in the budget last month, and a turnaround from the year-earlier deficit of $1.37 billion.

Oh what a bastard!  You can hear the thump thump thump as all those Labour party Will E Coyotes smash into the canyon floor.

Here's a fund raising idea for Labour.  God knows, they need a few.  Go around all the big companies and, for a fee of fifty grand a piece, promise to send out a press release declaring said company to be in crisis.

Sales will soar.

7 comments:

Angry Tory said...

The only reason we still have a Labour party in NZ is govt and union funding. David Cameron is cutting both in the UK - Key should do the same here and wipe the Labour & Greens out of politics for good.

Such parties have no place in a modern country like NZ. None whatsoever.

Noel said...

Gee no wonder vehicle registration costs have gone down so markedly. And it's not election year.

The Veteran said...

Noel ... your logic is 'interesting'. Vehicle Registration costs go down and the Government surplus goes up.

Adolf Fiinkensein said...

Vet

Maybe that's Noel's version of negative gearing.

Noel said...

Often wondered what it was that was really behind the draconian increase in vehicle ACC levies. Now we know.

Tinman said...

The operating balance before gains and losses (Obegal) was a surplus of $448 million in the 10 months ended April 30, compared to the forecast deficit of $555 million in the budget last month

Surely this means NZ taxpayers were overtaxed approx $450 mil.

Why celebrate that?

Adolf Fiinkensein said...

Naaah Tinman

The real issue is that Treasury people are no better than weather forecasters and global warmists. In fact they make weather forecasters look like prophets. They need to throw out their computer models and just look out the window now and again.