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Posts Tagged ‘John Key lying’

The Mendacities of Mr Key #3: tax cuts

2 March 2014 9 comments

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john key lying

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3. Tax cuts

Background

19 May 2008

In the bitterly contested lead-up to the 2008 general election, National promised three tax cuts, to be spread over three years.

These were prompted by the nine consecutive Budget surpluses that Labour’s Finance Minister, Michael Cullen, had posted between 2000 and 2008. The public perceived that the government had too much of our money and demanded tax cuts.

Cullen resisted, as his main priority was continuing to pay down billions in debt that Labour had inherited in late 1990s.

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Key  and  National Party strategists heard the insistent  calls for tax cuts, and duly obliged – even though by November 2008, the global financial crisis had plunged the world into a recession, with only Australia and China escaping the worst effects.

In May 2008, Key promised voters tax cuts ‘‘North of $50‘‘.

April 2009

On 1 April 2009, National delivered the first of two rounds of tax cuts (a third round had been scrapped, as by then the recession had blown a hole in the government’s revenue).

This is what the 2009 tax cuts delivered.

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tax-cuts-april-2009

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Anyone earning under $40,000 received nothing. Not even close to “north of $50”.

October 2010

The following year, the second round of tax cuts was implemented,

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Tax rates October 2010

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Susie Nordqvist wrote in the Herald on 20 May 2010,

* Average income household – $24.71c per week better off

* Average wage worker – $15.91c per week better off

* Couple receiving New Zealand superannuation – $10.77c per week better off

* Professional property investor with 25 properties – $288.18c per week worse off

* Couple saving for their first home – $40.38c per week better off

* Domestic purposes beneficiary – $2.45c per week better off

* Minimum wage worker – $6.36c per week better off

* Student – $2.66c per week better off

* Business owner structuring income to claim for Working for Families – $153.03c per week worse off.

As the reader can easily determine, very few in the above group were receiving “north of $50”. When the rise in GST was taken into account, the actual real cut in  taxes for average workers’ and families was reduced even further.

The only tax bracket that received a tax cut “north of $50” were those earning around $80,000 or more. Such as government ministers. And John Key.

When you factor in the rise in GST from 12.5%  to 15% – even fewer got the much promised “north of $50”, except the wealthiest.

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Key defends tax cuts for wealthy

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Conclusions:

  1. Key had no choice but to cancel the third round of tax cuts (scheduled for 2011), and to reduce the amount on offer. The GFC and recession were biting into our economy so badly, that National was borrowing $450 million a week by the end of 2009. Adding the 2010 tax cuts into the mix eventually left this country with a $60 billion fiscal hole.
  2. Key knew that the tax cuts were unaffordable during the 2008 election campaign. The world was deeply mired in the global financial crisis and recessionary effects were beginning to hit economies around the world. To pursue the promised tax cuts was the height of irresponsibility.
  3. Key bought the election with unaffordable promises.
  4. Our debt will have to be re-paid. (Foreign creditors insist.)

Beware of politicians bearing promises and gifts. We will be the ones paying for it.

Charge: broken promise/deflection/half-truth/hypocrisy/outright lie/mis-information?

Verdict:  Outright Lie, Broken Promise

 

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References

NZ Herald: Cullen – Tax cuts but strict conditions

Trading Economics:  New Zealand Government Debt To GDP

Dominion Post: Nats set for $50 tax cut trump

Otago Daily Times: Key says donate tax cuts to charity

NZ Herald: Budget 2010: What the tax cuts mean for you

NZ herald: Key defends tax cuts for wealthy

Parliament:  Tax System Changes—Impact on Operating Balance

Otago Daily Times: Government now borrowing $450 million a week – claim

Radio NZ:  English confirms national debt set to rise

Previous related blogposts

Labour: the Economic Record 2000 – 2008

The Mendacities of Mr Key #2: Secret Sources

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Vote these traitors out

Above image acknowledgment: Francis Owen

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Letter to the Editor: Why should I believe John Key?

25 February 2014 1 comment

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FROM:    "f.macskasy" <f.macskasy@clear.net.nz>
SUBJECT:  Letters to the editor
DATE:     Tue, 25 Feb 2014 08:33:27 +1300
TO:      "Sunday Star Times" <letters@star-times.co.nz> 

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The Editor
Sunday Star Times

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John Key's promise not to sell any other state assets should
National be re-elected should be treated with suspicion and
caution.

Key's track record in breaking promises and "bending the
truth" is now legendary, whether it be his promise not to
raise GST (which he did) or to strengthen the Emissions
Trading Scheme (which he watered down) or, in 2008, when he
campaigned on implementing food in schools - only to resist
introducing the programme later on.

Plus he has been less than honest in describing the GCSB
Bill as "not fit for purpose" and "vague" - when it was
crystal clear in stating that the Bureau could not spy on
New Zealanders and permanent residents.

Key habitually makes promises or statements of fact which
he breaks with flimsy excuses to justify his actions.

This is not a Prime Minister who can easily be taken at his
word.

-Frank Macskasy
(address and phone number supplied)

 

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FROM:   "f.macskasy" 
SUBJECT: Letters to the editor
DATE:    Tue, 25 Feb 2014 08:18:31 +1300
TO:     "NZ Herald" <letters@herald.co.nz> 

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The Editor
NZ Herald

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John Key's "reassurance" that his government has no further
plans to sell other state assets is simply not credible.

His reputation for "bending the truth" and broken promises
is now widespread. Who can forget his promise not to raise
GST - which he broke with flippant excuses.

Or his assertions that the GCSB Act  was "vague and unclear"
- when in fact it was crystal clear in stating that the
Bureau could not spy on New Zealand citizens and permanent
residents?

Or his reference in October 2011, to a mysterious Standard &
Poors email, claiming that the ratings agency would have
downgraded NZ if Labour had been in office? Standard and
Poors immediatly rejected they made any such statement.

I have no reason to take Mr Key at his word. His reputation
precedes him.

-Frank Macskasy
(address and phone number supplied)


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FROM:   "f.macskasy" 
SUBJECT: Letters to the editor
DATE:    Tue, 25 Feb 2014 07:58:42 +1300
TO:     "Dominion Post" <letters@dompost.co.nz> 
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The Editor
Dominion Post

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John Key has announced that his government will not sell any
other state assets should National be re-elected later this
year.

It is hard to believe a Prime Minister who has made so many
promises and statements which have either turned out not to
be true; a distortion of the truth; or outright mistruths.
His broken promises such as not raising GST and raising
wages to parity with Australia have all been broken.

There is an old saying, "Fool me once, shame on you. Fool me
twice, shame on me".

I prefer not to be fooled a second time.

I simply don't believe him.

-Frank Macskasy
(address and phone number supplied)

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References

NZ Herald: PM: no more SOEs to sell after Genesis

Radio NZ: No more asset sales? Cunliffe doesn’t believe it

 

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referendum election

Above image acknowledgment: Francis Owen

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The Mendacities of Mr Key #2: Secret Sources

24 February 2014 3 comments

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key's credibility takes a hit

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In an on-going series, we will look at the half-truths; mis-representations; omissions; and outright lies, told by Dear Leader John Key.

2. Secret Sources

Background

On 4 October 2011, John Key made this astounding statement in the Debating Chamber,

When Standard & Poor’s were giving a meeting in New Zealand about a month ago, what they did say was there was about a 30% chance we would be downgraded – that’s what happens when you’re on negative outlook. They did go on to say though, if there was a change of government, that downgrade would be much more likely.”

The comment was made under Parliamentary privilege.

Five days later, on 10 October, Key “explained” that the comments had come to him in an email, from an un-named “friend”. He duly released the text,

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When Standard and Poors heard Key’s comment, they were none too pleased.  Standard and Poor’s sovereign rating analyst, Kyran Curry, who attended the Auckland meeting that the “email” referred to, replied,

“In Auckland last month, I might have talked about the importance of the Government maintaining a strong fiscal position in the medium term but I would never have touched on individual parties. It is something we just don’t do. We don’t rate political parties. We rate Governments.”

Key fronted to a media conference and was grilled by journalists,

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His body language, tone of voice, and other minute clues all indicate he was being less than honest. I leave it to the reader to reach their own conclusion how honest Dear Leader was.

In my opinion, John Key lied and the email was subsequently fabricated.

Nearly two and a half years later, and Key is embroiled in yet another “secret sources” mess;

On 12 February, Key disclosed that Winston Peters had met with Kim Dotcom, at his mansion in Coatsville, three times. Peters accused Key of using the GCSB/SIS to spy on him, saying,

“What’s his informant, who is he? … This is is a surveillance matter and I want to know more about it.”

Key responded the same day,

“I heard from an individual who’s a person who’s got nothing to do with National Party, nothing to do with any government agency. The person told me it was three. I was pretty sure they’d be right – because they often are – and guess what, they were.”

On the 13th of February, Key stated,

“I can absolutely categorically tell you it’s got nothing to do with an official agency. From time to time people see things and from time to time people tell me.”

Key added,

“Contrary to what [Peters] might want to believe, I can read. A member of the public, for want of a better term rang me up and said what was the case. I assumed it was right. I said it, it turned out to be right. I didn’t think it was that controversial, to be honest.”

So did a member of the public” phone Key and inform him that Peters had visited Kim Dotcom? Or did Key “read” about it somewhere?

When questioned by the media, Slater told the Herald,

“If the Prime Minister says I’m a source, I guess I must have been.”

Which kind of makes Key’s earlier assertion that he “heard from an individual who’s a person who’s got nothing to do with National Party” a complete lie. As we all know, Slater is closely connecxted to the National Party; his father (John Slater) is an ex-President of the National Party; and Slater is probably a paid up member of the National Party.

Unless it is Slater who is lying (which is equally plausible as he has a reputation  for telling lies)? Otherwise, if Slater is telling the truth, then he has landed Key in it.

One of them is lying.

Take your pick.

Conclusions:

Key had not been forthcoming either on the Standard and Poors “email” or on where he got the tip-off that Winston Peters had visited Kim Dotcom.

What is equally disturbing is that Key is willing to use private information to smear a political opponant. Not since Paula Bennet released information on Natasha Fuller and Jennifer Johnston, has a politician willfully invaded another person’s privacy.

Whatever one may think of Winston Peters – and I am no fan of his – Peters deserves his privacy like anyone else.

Charge: broken promise/deflection/half-truth/hypocrisy/outright lie/mis-information?

Verdict: Mis-information, (probable) outright lie

 

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References

NZ Parliament: Credit Rating Downgrade—Effect on Economy

TV3: Key accused of lying in Parliament over downgrade

Previous related blogposts

Nick Smith

Politicians never tell fibs

The Mendacities of Mr Key #1: The GCSB Bill

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Above image acknowledgment: Francis Owen

This blogpost was first published on The Daily Blog on 17 February 2014.

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How can you tell John Key is lying?

17 September 2013 2 comments

… His lips are moving.

Ok, it’s an old, old joke.

But it seems to be a truism more and more each day, as his shonkey government flounders, that he is resorting to untruths in panic and desperation.

A recent example, as reported on Radio NZ on 10 September,

Key predicts new Labour leader will take party to left

[abridged]

“It’s very important to understand whose voting. It’s not New Zealand mums or dads that are voting. It’s actually the union movement and they will want payback time when he becomes the leader and that means a big move to the left. And ultimately I think that will have quite a negative impact on jobs and growth for the economy.”

Source: Radio NZ

As the RNZ report went on to state, “under the Labour party’s new rules, unions get only a fifth of vote“.

40% of the vote –  nearly half – will be from  New Zealand mums or dads  that are voting (or those who are members of the Labour Party).

So once again, Dear Leader is caught out fibbing to the media and the public.

Which is interesting and ties in with a chat I was having at a Dunedin New World supermarket last night (11 Sept). Two young check-out operators noticed my “no asset sales” sticker on my satchel and we starting chatting about the Labour party leadership contest. For two young teenagers (17? 18?) they seemed remarkably well-versed in who the candidates were and their personal preferences. Then the subject got on to John Key.

The opinions of these two young women was simple; they did not trust him one bit. They also could not understand why he was so popular with the public. One remarked that his “body language” alone showed he was being dishonest when speaking to the media. The other was put off by his “we-know-best” arrogance.

In my travels, I’m meeting more and more people who are disenchanted and disillusioned with our current truth-bending Prime Minister. People are not fools and eventually pick up on a politician’s propensity for spinning BS.

But here’s a question for Mr Key; when will he allow the rank and file membership  to vote to choose the leader of the National Party?

Because under current National Party rules,  “mums and dads” have no say on the matter.

This blogpost was first published on The Daily Blog on 13 September 2013.

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Our national anthem…

1 August 2013 11 comments

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God of Nations at Thy feet,
In the bonds of love we meet,
Hear our voices, we entreat,
God defend our free land.
Guard Pacific’s triple star
From the shafts of strife and war,
Make her praises heard afar,
God defend New Zealand.

 

Now I understand why we implore “God defend our free land”.

Because as our lying Prime Minister and corrupt government  run roughshod over our civil liberties; spy and snoop at will; plan to turn our once-liberal nation into a fully-fledged, Stasi-style, Surveillance State…

… half the population are asleep and don’t seem to give a shit.

How else does one explanation the latest Roy Morgan poll?!?!

National Party:  51% (+ 4%)

Maori Party: 1.5% (- 0.5%)

ACT NZ: 1% (+ 0.5%)

United Future: 0%

Labour: 29% (- 2%);

Greens:10% (- 1.5%),

New Zealand First: 4% (- 0.5%),

Mana Party: 1% (- 0.5%),

Conservative Party of NZ: 1.5% (unchanged)

Others 1% (up 0.5%).

(Roy Morgan: This latest New Zealand Roy Morgan Poll on voting intention was conducted by telephone – both landline and mobile telephone, with a NZ wide cross-section of 824 electors from July 15-28, 2013. Of all electors surveyed 4% (unchanged) didn’t name a party.Source)

So according to this, if Key burned down Parliament; annexed Tasmania; and declared the country a One Party state with himself as Leader-for-Life – his popularity would soar into the stratosphere?!

Jeezus H, I had no idea that a collective longing for soft-fascism was so deeply ingrained in our culture.

Silly me, I thought Muldoon was an aberration.

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Facepalm #4: John Key (again)

From a speech John Key made in January 2008

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"Well, I've got a challenge for the Prime Minister.  Before she asks for another three years, why doesn't she answer the questions Kiwis are really asking, like... [...]    Why are grocery and petrol prices going through the roof?"

“Well, I’ve got a challenge for the Prime Minister. Before she asks for another three years, why doesn’t she answer the questions Kiwis are really asking, like…
[…] Why are grocery and petrol prices going through the roof?”

Acknowledgement:  SPEECH: 2008: A Fresh Start for New Zealand

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Five years of National government later,

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NZ petrol prices reach record high

Acknowledgement:  NZ Herald – NZ petrol prices reach record high

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Yes, Dear Leader – Why are grocery and petrol prices going through the roof ?”

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johnstewart_facepalm

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Facepalm #3: John Key

On TV3 News tonight…

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John Key - Kim Dotcom - GCSB

Acknowledgement: TV3 – Did Key lie, or is Dotcom bluffing?

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One of the worst interviews from Key. His comments had to be heard to be believed…

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Did Key lie, or is Dotcom bluffing1

0:45 – “He makes so many claims that are just factually incorrect..”

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Not true.

In fact, to date, every claim that Kim Dotcom made in regards to John Banks has been proven to be true. Not one statement from Dotcom has been disproven as a lie.

Either Key was woefully ignorant of this fact – or once again he has deceived the public.

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Did Key lie, or is Dotcom bluffing2

0:56 “And to the best of all the records that we’ve checked and we’ve gone extensively through every  record my office holds, there is no evidence that we can point to we’ve heard of the guy, prior to the 19th of January 2012.”

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So why does Key have to  go “through every record my office holds ” to answer a simple question whether or not he knew of Kim Dotcom much earlier than he has admitted? Surely he would know this without having to go through his office records?!

Why also is Key referring to “there is no evidence that we can point to we’ve heard of the guy” when his own memory should be sufficient? Why does he need to check if evidence exists or not?

Evidence of what?

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Did Key lie, or is Dotcom bluffing3

2:09: “The man is a conspiracy theorist. He makes things up.”

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He makes things up“?!?!

Key is accusing other people of “making things up”?!?!

John Key is perhaps the most dishonest Prime Minister we have seen. He bends the truth to suit the situation. He is conveniently forgetful to such a degree that the term “brain fade” has entered common usage. His reputation for making it up as he goes along is now common knowledge.

As I wrote before; Kim Dotcom has been 100% up-front with the people of New Zealand and has never been caught out lying or even bending the truth.

The same cannot be said of John Key or John Banks.

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A Special Facepalm for John Key

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Skycity: National prostitutes New Zealand yet again

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smoking-and-gambling and prostitution

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Not only does an extension (to 2048)  of Skycity’s licence unconstitutionally bind future governments, but this deal adds to the growing problem (I refuse to call it an “issue”) of gambling addiction in this country.

What on Earth is National thinking?!  Is this the best they can do to grow the economy and create jobs???

Because it certainly seems that gambling is indeed one of the country’s “growth” industries,

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Acknowledgment: Statistics New Zealand – Gaming: an economically significant industry

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It is worth comparing the above graph with the timelime on the increase of different forms of gambling in this country;

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Graph, Timeline for Introduction of Gaming Activities.

Acknowledgment: IBID

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Note the increase in gambling turnover sharply increasing from 1996, when Auckland’s Skycity casino opens.

The full National Government/Skycity deal is;

Key features of the SkyCity convention centre deal and what KordaMentha estimates they’re worth over 35 years:

* Extension of SkyCity’s casino licence, due to expire in 2021: $65m-$115m

* Additional 230 pokie machines: $95m-$115m*

* Additional 40 gaming tables: $72m-$101m

* More gaming tables that can be substituted for automated table game player stations: $77m-$109m

* Ticket-in, ticket-out and card-based cashless gaming technology on all pokie machines and automatic table games: $84m-$88m

* *Includes allowing up to 17 per cent of pokie machines and automatic table games (in restricted areas only) being able to accept banknotes of denominations greater than $20.

Acknowledgment: NZ Herald – PM defends 35-year SkyCity deal

It doesn’t take much imagination to consider the boost that this deal will give to Skycity’s turnover.

Key’s claim that this will create 1,800 jobs is dubious, to put it mildly, as his June 2012 NZ Herald report revealed;

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Puzzle of Key's extra casino jobs

Acknowledgment: NZ Herald – “Puzzle of Key’s extra casino jobs”

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Once again, Key shows that our laws are for sale, if you happen to have the cash to buy a “good deal”. (I must remember that next time I get a speeding ticket…)

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Bribing A Cop

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What is the difference between a citizen bribing a policeman to evade the law – and a corporation paying a government   to changing the law in return for building a convention centre?

And note that this is not the first time National has changed our laws in return for corporate favours;

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Warner Bros sought job law change to film The Hobbit in NZ

Acknowledgment: NBR – Warner Bros sought job law change to film The Hobbit in NZ

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A government that has a plan for economic growth and job creation would not need to stoop to advancing the profitability of what is inarguably a vice – and a particularly dangerous vice, which can destroy families and bring down companies, as addicts steal from employers (or their own business) to fund their habit.

One has to ask; what next? Deals with the Chow Brothers to expand their brothel-business? Deals with tobacco corporations to expand their operations and/or weaken our anti-smoking legislation?

What else is for sale to the highest bidder?

And is this really how New Zealanders see themselves – available for sale?

Is this the best we can do for ourselves, to become  a nation of economic prostititutes? (No offence intended to sex-workers.)

Addendum

Some years ago, my partner and I were passing through Auckland on our way to Whangarei to meet up with friends. We stopped in to see Skycity – out first opportunity to visit the tower.

As well as going up the skytower and standing on the glass foot-block, seemingly suspended hundreds of metres over empty air, we had a ‘nosy’ into the casino itself.

I was expecting the casinos of James Bond novels and movies, with patrons dressed in smart, formal evening-wear; jet-black tuxedos and outrageously expensive and outrageously sexy gowns…

What I found were, for the most part, were local Kiwis dressed so far ‘down’, as to appear they had just come from working on their gardens. It was unnaturally quiet, with figures bent over table and pokie machines. There was no “atmosphere” of excitement… more one of fixated desperation.

James Bond would have sniffed his nose with disdain and walked out.

Which is what we did.

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Related blogpost

ACC. Skycity. NZ Superannuation. What is the connection?

Doing ‘the business’ with John Key – Here’s How (Part # Toru)

Doing ‘the business’ with John Key – Here’s How

Dear Leader caught telling porkies (again)?! (part rua)

Dear Leader caught telling porkies (again)?!

National under attack – defaults to Deflection #2

Johnny’s Report Card – National Standards Assessment – Sunrise, Sunset, and Outlooks

NZ’s 21st Century Growth Industries – Drugs, Gambling, & Prostitution

John Key has another un-named source???

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John Key’s “pinch of salt” style of telling the truth

27 November 2012 14 comments

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Full story

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Continued from: When spin doctors go bad

The truth? You can’t handle the truth!

When Jack Nicholson bellowed that famous line in the 1992 movie, “A Few Good Men“, few would have thought that it would apply twenty years later; down under here in Godzone; but that this time the tables would be turned against an apologist for the Establishment.

Mark Unsworth – a right-wing lobbyist for a professional “government relations consultancy” company, Saunders Unsworth, seems to find difficulty “handling the truth”. Especially when that truth comes from respected and reknowned environmental scientist, Dr Mike Joy…

On 16 November, the New York Times carried a story on the upcoming release of “The Hobbit“. The article made reference to Tourism New Zealand’s publicity campaign centering around a supposedly   “100% pureNew Zealand” theme.

As we should all know by now, New Zealand is not  “100% pure”. In fact we probably haven’t been “100% pure” for several decades now.

Dr Joy stated as much and was duly quoted by New York Times,

There are almost two worlds in New Zealand. There is the picture-postcard world, and then there is the reality.”

Green MP, Eugenie Sage, backed up Dr Joy’s brutal truth, and was quoted in the same article (from a statement she made in Parliament last month),

We promote our country as 100 percent pure and 100 percent Middle Earth. But to swim in our rivers, which is the birthright of Kiwi kids — you cannot do it in the majority of the rivers that the Ministry for the Environment monitored.”

See: New Zealand’s Green Tourism Push Clashes With Realities

And you know what? They are telling the truth. The clear, unvarnished, simple truth.

Dear Leader John Key and Trade/Climate Change Minister Tim Groser Minister,  have now waded into the ‘mix’.

Yesterday (26 Nov), Groser rebuked Environment scientist, Dr Mike Joy, by saying,

It’s been used as a stick to beat New Zealand by environmental activists.”

See: Minister lashes out at environmentalists over 100% Pure

Today, Dear Leader added, just to make sure we understood what our politicians were “hinting” at,

It’s like saying ‘McDonald’s, I’m loving it’ – I’m not sure every moment that someone’s eating McDonald’s they’re loving it . . . it’s the same thing with 100% Pure. It’s got to be taken with a bit of a pinch of salt.”

Dr Joy replied,

I’m not going to lie about this stuff.”

He’s right. Why should he lie?

Politicians know that the “100% Pure” is a marketing scam to bring tourists (and more importantly their cash) to New Zealand and can only succeed if the true nature of our degraded environment is kept secret.

After all, successful  politicians like Dear Leader John Key are so used to manipulating facts and employing half-truths  to serve their political purposes (usually getting elected), that they forget that the rest of the population are not politicians.

So, having created their own “dynamic” standard of ethics, Key,  Groser, and  minions like Unsworth, are  taken aback when the general populace raise an eyebrow in disbelief when we are expected to take part in conning overseas tourists? Our response is, “They want us to what-?”

How many times has Key been caught out telling half-truths, or not being upfront with the public?How many election promises has he broken; side-stepped; back-tracked; or watered-down until his pledges were useless?

The trouble now seems to be that Key and Groser are now expecting the public to buy in to their truth-bending ways.

Not just “buy in” – but to be  tacitly  complicit with the scam.

John Key wants 4.4 million people to be like him.

A nation of  ‘politicians’.

Surprisingly most of the  the general populace won’t have a bar of it.

Key says that no one expects New Zealand to be “100% Pure”.

I wonder what he expects when he buys a bottle of  “pure water” to drink?

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Sources

‘100% Pure’ is like McDonald’s ad, says Key

Minister lashes out at environmentalists over 100% Pure

Other blogs

The New Zealand story: 100% pooer!

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Dear Leader – takes one to know one…

2 November 2012 12 comments

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Source

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John Key calls David Beckham “thick as batshit”?

What a coincidence…

 

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Politicians never tell fibs…

10 October 2011 12 comments

… do they?

It was revealed today that John Key was caught out telling a “porky” in Parliamement. (In political-speak, “porky” = lie.) And quite a setrious one at that,

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Full Story

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The Prime Minister stated in the House,

Rt Hon JOHN KEY: I cannot confirm that. It may well be; it sounds logical. But let me quote this from Fitch Ratings: “New Zealand remains well placed amongst the world’s highly-rated sovereign credits, with its creditworthiness supported by moderate public indebtedness, fiscal prudence, and strong public institutions.” But I will say this: when Standard and Poor’s was giving a meeting in New Zealand about a month ago, what it did say was that there was about a 30 percent chance that we would be downgraded. That is what happens when one is on a negative outlook. It did go on to say, though, that if there was a change of Government, that downgrade would be much more likely.” –  Hansards

So according to the Prime Minister, Standard & Poors – one of the three main credit agencies – stated that if there was “a change of Government” (ie; Labour was elected), that our sovereign credit-rating would be “much more likely”.

Unfortunately for our happy-go-lucky Prime Minister – Standard & Poors denies saying any such thing,

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Full Story

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Specifically, S& P stated categorically,

We don’t rate political parties. We rate Governments’.

Caught out, it seems, the  Prime Minister then went on to say,

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Got it in an email

At his post-Cabinet press conference in Wellington on Monday, Key told media he was not at the meeting with Standard & Poor’s in September, but that he had received an email on September 6 from a trusted source who was at the meeting.

That source told Key Standard & Poor’s said there was a one-in-three chance that New Zealand would get downgraded and a two-in-three chance it would not, “and the inference was clear that it would be the other way round if Labour were in power,” Key quoted his source as saying in the email (see the full email below).

“The person is known to me, they’re known to be very trustworthy. I rang the person, had a conversation with them and it was relayed exactly as I relayed it in the House,” Key told media on Monday.

Key said he had not spoken to Standard & Poor’s to confirm whether S&P had made the comment.

“The person was at the meeting. I simply got the email, thought it was rather interesting, rang the person up. I’ve dealt with them before. They’ve given me information before which has been correct,” Key said.

The person was obviously confident that what he was telling Key was correct, he said.

“I wasn’t at the meeting, but all I’m telling you is it’s not a random comment I made up. I received the email, I verified it with the person. That’s it.” Source

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So in effect, Key got his “information” via “an email on September 6 from a trusted source who was at the meeting”?!

Riiiiight…

Kinda like, I heard this story which is true, ‘cos it came from a mate’s friend who is the brother of this guy’s hairdresser, and she heard it from her cousin who is the wife of the Prime Minister’s secretary’s gardener that…

The text of the email follows,

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Note that all identifying details have been removed. In fact, that “email” could have come from anywhere, including the Prime Minister’s secretary’s gardener.

Interesting.

In the Prime Minister’s statement to Parliament,  he refers to “…when Standard and Poor’s was giving a meeting in New Zealand…”.

But the “email” refers to “…a session with a range of economists yesterday morning – every year they do this session – with economists from Aus plus all the main NZ banks, and this year two from Standard and Poors…”.

In John Key’s statement, the meeting was organised by Standard & Poors.

In the email, the meeting was held by “a range of economists… with economists from Aus plus all the main NZ banks”.

So who organised this meeting?

Where was it held?

Who attended?

We don’t know. All we have is an anonymous “email” – unsourced and unverified –  statements from the Prime Minister that contradict the email; and a firm denial by Standard & Poors’  analyst Kyran Curry that they would ever make such comments.

The greatest irony here is not that  John Key may have lied and mis-led Parliament and the people – but that Martyn “Bomber” Bradbury is banned from Radio NZ for “defaming” the Prime Minister.

If ever you get a chance to watch the movie, “Wag the Dog” – do. It is a chilling insight as to how politicians and their staffers can manipulate the media to serve their own ends.

As for the Prime Minister – perhaps he will get away with it, again. But the “clock is ticking”, and these stories of deceit  are becoming more prevalent.

The media is finally catching on,

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Curiouser and curiouser,

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ANZ chief economist Cameron Bagrie was not at the breakfast meeting in Auckland and a spokeswoman said another colleague of his who was there was not the author. The BNZ's Stephen Toplis said it had not been him nor anyone at the BNZ. Westpac chief economist Dominick Stephens said he had not sent the email but wouldn't comment when asked if he knew who had. ASB Bank economist Nick Tuffley said he was at the function but didn't send the email.

Full Story

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So the question remains;

Who wrote the email?

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