
Originally Posted by
Swoop
The really bad news is that the country doesn't have a decent alternative. Labour "leading us" through a major recession? The greens? Mana party?:rolleyes.
If you read the Greens and Labour economic policies, they actually make sense. Obviously the Greens have no expectations of ever being the government, so their policies are not comprehensive in the same way National and Labour's are, but they have some very good ideas. I'm not an economist, but I do have some expertise in business and a working understanding of macro and micro economics, and when I look at what National have done and what they are planning to do it worries me. On the outside it seems as though they are too tied to an ideological position to recognise that what they propose is very unlikely to work.
Where Labour has failed dismally over the last 3 years is to provide a robust challenge to National's economic policies and keep them honest in the debating chamber and through the media. There are some ridiculous holes in the asset sales plan, but they're largely being ignored in favour of taking the "don't sell the family silver" approach, and has anyone (other than Russel Norman) raised the issue that National are planning to spend $400m of asset money on subsidising irrigation? How many people know that they are selling a high yield and productivity asset to subsidise a low productivity industry?
Has anyone discussed that selling $5bn of power companies is ridiculous when you consider that the NZSX has a total capitalisation of $55bn, so when you add the existing listed power companies, they will make up around 15% of market capitalisation? One industry sector making up 15% of our stock market is STUPID.
And Labour have sat back and allowed the national spin doctors to create the myth that Clark/Cullen left the economy in a bad way. Despite the contrary being true (if you look at the raw data and ignore the press releases), the majority of people are unaware just how much better our economy was in 08 than in 99 and nobody has looked at how much fiscally worse off we are now, even allowing for the GFC.
Labour have been a very poor opposition, and that is reflected by the fact that we have an inept and weak government about to get re-elected despite poor policies and a dismal track record.
Don't blame me, I voted Green.
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