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Archive for 2 November 2011

Reactionary thug filmed assaulting Dunedin Occupation protestor

2 November 2011 2 comments

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49 year old man arrested after head-butting protestor.

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TV3 caught a violent assault in Dunedin’s Octagon, as a reactionary thug head-butted one of the Occupation protestors.

Perhaps that thug should be directing his anger at the corporate greed and corruption that resulted in a global banking meltdown; recession; and loss of millions of jobs worlwide.  Why blame the victims here in New Zealand (and elsewhere) for events so far removed from our country  that we have little  control over what happens in the Boardrooms of Wall St, USA.

Perhaps those protestors would have jobs had the recession not doubled NZ’s unemployement rate from 3.8% in 2007 to around 6.5% currently. And those protestors might have jobs had our current government not wasted three years tinkering with the welfare system, rather than implementing job-creation policies.

Even Business NZ has voiced it’s public frustration at National’s lack of economic plan,

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Anyway, “thanks” to ACT, if convicted, that ignorant fool will have Strike One on his police record.

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“Less Debt and Lower Interest Rates” – Really?

2 November 2011 2 comments

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National’s “statement of intent” for “less debt and lower interest rates”  on one of their billboards,

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It would be a laudable goal, if National’s track record was not somewhat different,

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Our recent double down-grade by Standard & Poors and Fitch will eventually flow into our mortgage rates. Bill English guesses that the amount could be “as little” as “about one-tenth of a per dent” – but of course, he’s guessing.

Whilst National is alleging that Labour will be borrowing to fund it’s policies, the fact is that National has already borrowed $18.4 billion,

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This is borrowings made up, in part, because we could ill afford two tax cuts cuts which gave up to $1,000 a week for someone on a salary similar to John Key’s.

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In fact, National has cut taxes to such a level that they are now having to part-sell State assets to pay for day-to-day maintenance of schools, hospitals, etc. This is not good fiscal  “housekeeping”.

Put another way, it would be like a Courier selling his/her van, to buy groceries and pay other bills. The courier will have enough money – for a while. After that, the money runs out and the Courier is left with no money and no means to earn an income.

This is not sustainable lontg-term. It is a desperate attempt for National to find money it does not have. Otherwise it will have to simply borrow more… or undo it’s 2009 and 2010 tax cuts.

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