Agreed again. Maybe we should form our own political party. Problem is who is going to be leader.Well it was a nice thought. Still when we go for a ride together you can be leader going out and I'l be leader going in. Hey Old rider
Now that's the way to do it
Dire straights.
Skyryder
Free Scott Watson.
Skyrider, Can you please provide a link to a speech where John Key said that NZ banks were in a worse financial position than those in many other countries?
Also, can you please explain how a 9 day work fortnight (an idea from the Job Summit which you claim was a front for John Key's portfolio, tourism) is a tourism based policy?
Thanks,
No such link exists. re read my post then read yours.
You realy need to read more carefuly what I write.
http://www.nzherald.co.nz/nz/news/ar...ectid=10559036
para 15
The nine day work fortnight is now a no goer. It never was.
Skyryder
Free Scott Watson.
This link works Slyricer...
http://www.nbr.co.nz/opinion/nevil-g...andling-crisis
A little quote:
“Over the past nine years, Helen Clark's left-wing Labour government rode the global economic expansion and used the revenue surge to expand government welfare programs, renationalize industries, and embrace causes like global warming. As a result, the economy stagnated while Australia took off.”
Exactly. She grew the countries overheads not it's business.
Now with falling govt revenue & fixed overheads that have gone wild the new govt is faced with massive deficits. The cuts will start, ACC is only the beginning. National Super may well go back to being means tested, don't be surprised if the student loan scheme starts to balloon out & becomes unsustainable, there won't be much money to upgrade rail if you want to maintain a welfare system of any sort. The hard times of the late 80's early 90's are on their way back. If they don't make the cuts we will end up in the same mess Muldoon created, Many are too young to remember either of those periods, hard lessons are about to be learnt.
Talk sense
Here's another from Key himself.
While New Zealand is in a better position than many other economies, we are feeling the effects of the global recession and we will continue to do so.
I do want to remind you all today about what New Zealand has to be grateful for.
Our banks are in a stronger financial position than those in many other countries.
Seems there is some conflict. He's either lying again or our economy is better shape than he is acknolwledging
Skyryder
Free Scott Watson.
Our economy is in the shit but our banks are still OK, unlike the US where both are buggered .
If the govt borrows to the 100% of GDP the UK has reached we will be truly buggered & generations ahead will pay the price , remember Piggies legacy.
He is not lying , our economy is not healthy , you are being mischievious & talking nonsense again.
We were already in recession prior to the global meltdown reaching here.
Causes, the labour govt & the reserve bank. The reserve bank can take none of the credit for our banks being in a relatively strong position.
They are Aussie owned so ultimately the reserve bank has FA control over them, they were however far more conservative than many of the international big boys so they have not got burnt like the rest.
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