Recommend anyone interested in where were going economically gets a copy of the Sunday Star Times and reads Orams article on D24. Core reason for deeply disappointing performance is .. Dependence on commodity exports. Commodity exporters .. making scant progress on shifting to higher value products. Nationals long term game to deliver economic transformation v poor ...short term cosmetic fixes rather than tackling fundamental structural change. Underinvestment in science tech education ... tax system favours asset speculation .. under save over borrow .. Old model of monetary policy drives up interest rates and $ On campaign trail Nats Craig Foss is repeating and mantra which Anna Lorck and I rebut.... 1. GDP 3.5% (due to earthquake -good for GDP! - and two high commodity prices - which have dropped significantly & Treasury projecting 2%) 2. Low interest rates and inflation (world recession means not due to Nats) 3. In surplus after mess of 2008 (rubbish - last govt much better fiscal record - net public debt blown out from $10B to $65B) 4. NZers returning from Aus (because of worse relative economy not Nats - two phase economy with mining down) 5. Even claim we are heading the high value commodity path (oxymoron) They keep repeating it so suggests it is very much the obfuscation line.
Posted on: Sat, 13 Sep 2014 23:56:33 +0000
Trending Topics
Recently Viewed Topics
© 2015