To intervene or not to intervene, that is the question…
To intervene, or not to intervene, that is the question:
Whether ’tis nobler in this government’s mind to suffer The slings and arrows of outrageous recessionary fortune,
Or to take arms against a global sea of economic troubles,
And by opposing end them? To be hands on, and interventionist…
(With apologies to The Bard…)
Farmers get it…
Rich families get it…
Kids from rich families get it…
Insurance companies get it…
Even cute, furry-footed Hobbits get it…
And more for the Precious…
Hell, practically everyone can get it…
Subsidies for everything and everyone…
But not, it seems, to assist struggling construction companies until the Christchurch re-build kicks in, in earnest, and they can trade their way out of difficulties,
In a brutally frank analysis of the industry, NZ Herald journalist Anne Gibson wrote this piece about other failed construction companies and the effect it was having throughout the country – see: Recession hammered building firms, say chiefs
Greg O’Sullivan, of Takapuna-based building consultants Prendos, said,
“The recession has hammered the industry to the ground. It becomes a very acrimonious environment. Builders are having to watch every penny to survive.”
And it was all so unnecessary.
No government could not have prevented the recessionary effects of the Global Finance Crisis. But a more proactive government could have mitigated the harshest effects of the international recession with careful stimulation of the economy.
And by “stimulation” I do not refer to the wasteful, blunt-instrument-style tax cuts of 2009 and 2010. Those tax cuts added nothing to economic growth and only served to cut government revenue (see: Outlook slashes tax-take by $8b).
Thousands of jobs could have been saved. Thousands more jobs created.
A proactive government, with Ministers able to look ahead, would have immediatly implemented strategies to counter damaging recessionary effects;
- a dynamic building programme post-2009’s “Job Summit” (and I don’t mean Key’s wretched cycleway idea – see: Cycleway jobs fall short)
- increased investment, incentives, and subsidies for apprenticeships and other training/education for young people and other unemployed New Zealanders
- reform of tax laws which see inefficient investment in speculative house-buying/selling less attractive, and re-direct investment into productive industry
National should never have allowed our economy to get where it is now.
This is a government that is derelict in it’s duty, and for Steven Joyce and his cronies to carp on about “overseas investment” is a moronic cargo-cult mentality that simply defies understanding.
If New Zealand businesses leaders and Captains of Commerce still believe that National is a “prudent manager of the economy” – then going by the last four years and events in the 1990s – I promise you that you will get what you richly deserve if they are re-elected in 2014 (or earlier).
This isn’t governance. This is economic decline by a thousand cuts.
Expect things to get worse.
NZ Herald: Collapse ‘gut wrenching’ for roofing business (9 Feb 2013)
NZ Herald: Rise and fall of a very modern businessman (9 Feb 2013)
NZ Herald: Brian Gaynor: Mainzeal collapse needs investigation (9 Feb 2013)
= fs =
For a better New Zealand…
~ Cleaner rivers
~ No deep-sea oil drilling
~ Less on Roads - more on Rail
~ A Living wage at $18.40/hr
~ Marriage equality - Yay! Got that one!
~ Strong, effective Unions
~ No secret free-trade deals
~ Breakfast/lunches in our schools
~ Introducing Civics into our school curriculum
~ Cut back on the liquor industry
~ A fairer, progressive tax system
~ Fully funded, free healthcare
~ Ditto for education, including Tertiary
~ Fund Pharmac for Pompe's Disease medication & other 'orphan' drugs
~ No state asset sales!
~ Rebuild public TV broadcasting!
~ Keeping farms in local ownership
~ Reduce poverty, like we reduced the toll for road-fatalities
~ Jobs, Jobs, Jobs!
~ Being nice to each other
- Letter to the editor – “An Alarmed World” according to The Listener
- No More. The Left Falls.
- Election 2014; A Post-mortem; a Wake; and one helluva hang-over
- Letter to the editor: the culling of Cunliffe (v2)
- Letter to the editor: the culling of Cunliffe
- The Donghua Liu Affair – The Players Revealed
- She saw John Key on TV and decided to vote!
- Voting turnout affected by bad weather?
- Teflon Man No More
- It’s official: ACT’s Jamie Whyte is several-sandwiches-and-a-salad short of a picnic
- Letters to the Editor – Spies, Lies, Five Eyes, and other matters on a Sunday afternoon
- Frank Macskasy: Who I voted for…
- September 15 RNZ interviews – and then the Moment of Truth
- Katherine Rich – resign!
- It’s time for Key to go!
- Political joke of the week…
- The Donghua Liu Affair: The OIA Gambit
- Letter to the Editor – Key makes up any old sh*t, again
- Welcome to Glenn Greenwald…
- Dom Post journos get it wrong – again!
- Nothing to hide, eh?
- Letter to the Editor – Our PM insults a world-reknowned investigative journalist
- Letter to the Editor – A Claytons Capital Gains Tax?
- Polls, propaganda, and Tracy Watkins
- Message to Rawshark…
- Who sez superheroes aren’t real?
- Latest from Whaledump2 – Jordan Williams and Cameron Slater
- That was Then, This is Now #25 – Keeping the buggers “honest”
- Are Cameron Slater and Judith Collins bare-faced liars?
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