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 $19.25/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
- The slow dismantling of a Prime Minister – downward slide continues
- Andrew Little’s “dangerous” speech – a cunning plan for the Middle and the Left
- Foot in Mouth award – another former ACT MP plumbs new depths of dumbness
- Letter to the editor – Who are the Real Greedies?
- Hooton and Farrar slag Key – With friends like these…
- Letter to Radio NZ – Homelessness, Poverty, and the Final Solution
- Letter to the editor – Mark Weldon’s fan club offers support
- Panama Papers: Matthew Hooton’s Alternate Universes on Twitter and Radio NZ
- Foot in Mouth award – Former ACT MP exposes flaw in free-market system
- Letter to the editor – Dear Leader loses the plot in Parliament
- Dodgy tax havens and even dodgier Peter Dunne’s memory
- 2016 – Ongoing jobless tally
- Climate Change Minister Paula Bennett revealed
- National – Party 4 Sale?
- That was Then, This is Now #28 – John Key on transparency
- When National is under attack – Deflect, deflect, deflect!
- National MP Mark Mitchell and his breath-taking display of arrogance
- The Mendacities of Mr Key # 16: The sale of Kiwibank eight years in the planning?
- Flag thoughts and settling dust – Dedicated to our esteemed Dear Leader and Audrey Young
- When Fact Follows Fiction – The Weird World of U.S. Politics
- John Key is a principled man – except when a photo op arises (A Photo Essay)
- Coming soon: A terror alert near you!
- Dear Michael Cullen: the GCSB is not International Rescue!
- National’s Food In Schools programme reveals depth of child poverty in New Zealand
- Letter to the editor – So this is ‘job creation’ by foreign ownership?
- Mediawork’s Julie Christie at war with NZ on Air – Possible conflict of interest as first reported last year on TDB
- Letter to the editor: Setting it straight on user-pays in tertiary education
- Letter to the editor – In response to Orwellian National Supporters
- The Mendacities of Mr Key # 16: No one deserves a free tertiary education (except my mates and me)
- Citizens present petition at Governor General’s gate
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