A promotion

July 28th, 2005 at 8:15 am by David Farrar

The Press has given me a promotion, or maybe a demotion.

“Bugger, bugger, bugger. This may well be bad public policy, but try telling the students that. This one issue may well now cost National the next election,” wrote Mara on National candidate David Farrar’s blog site.

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20 Responses to “A promotion”

  1. tim barclay () says:

    Students are not swinging voters for National. But factor in the tax cuts and the students will be no worse off under National and of course once they pay off the loan they will be better off. The game is far from over. How dare the Labour Government give students free money. That mythical blue collar tradesman will be unimpressed with the labour party giving students this huge subsidy many of who are doing rubbish courses.

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  2. BMS () says:

    But we don’t know what the tax cuts will be, yet. They may not be enough. But I’m sure there lots of wolfs teeth hidden in Labour’s pledge. I wouldn’t believe it for one minute, were I a student. Then again, some of them are probably too young to know how many lies can come out of a party on the run.

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  3. tim barclay () says:

    If you have to bribe one of your core constituencies so blatantly then that spells TROUBLE for labour. National with tax cuts offers proseperity long term, labour’s future is welfare assistance if you have some children.

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  4. Peter McK () says:

    after the initial euphoria of “Money for nothing” I have a feeling that people are realising what this will mean. Such as more debt, pork barrel politics, blue collar paying for rich kids education, irresponsible budgeting – and ofcourse Cullen needs to explain why this won’t be inflationary – but tax cuts would be??

    No doubt this will attract a student vote, but as Tim notes above – National still can play their trump card – Tax cuts for every worker (but I bet they are recalculating the extent of the tax cut now) Students and the general public will realise that they will be better off with Natrional.

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  5. Nigel Kearney () says:

    It won’t cost the centre-right very many votes, but it may some students to vote Labour instead of not voting at all.

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  6. GPT () says:

    Does Mark know that his campaign manager is a candidate?

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  7. Owen () says:

    List or Electorate candidate David?

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  8. Mike Collins () says:

    We can’t blame Colin Espiner for that. His typewriter would have told him that DPF was a candidate.

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  9. peterquixote () says:

    Tim Barclay true, the boy next door he get up go off to be Plumber early in morning, no apprenticeship, no favour, but then he just a lowly working class bot, little ponce mothers darling go to trend University for Environmental management and engineering, blabber, blabber comer out as priviledged little socialist darling A+ grades for repeat after me
    ‘i PRIVILEDGED, i STUDENT OF HELENGRAD, ENGINEER PUBLIC THINKING , EDUCATE DUMB PUBLIC, PLANT CABBAGE TREE where they wants a car park, ONLY TWENTY FOUR ALREADY KNOw EVERYTHING, send money, I brains of NZ,

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  10. dim () says:

    Papa Sam is old now. He needs some blood to preserve his youth. He has had too many heart attacks. ‘Ugh, me hoot, it hurts, sonny boy.’

    I miss my pretty princess most of all. She’s resting in our ladies house. But I’ll see her soon.

    I am the ‘Monster’ — ‘Beelzebub’ — the chubby behemouth.

    I love to hunt. Prowling the streets looking for fair game — tasty meat. The wemon of Queens are prettyist of all. It must be the water they drink. I live for the hunt — my life. Blood for papa.

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  11. Craig Ranapia () says:

    Well, the more interesting section of the story (sorry DPF) is this:

    QUOTE
    The pledge, which will cost significantly more than National’s $70m tax-rebate scheme announced last week, appears to contradict repeated claims by Finance Minister Michael Cullen that there is little room for new spending and that the country cannot afford tax cuts.

    Labour is cagey on how the changes to the scheme will be funded. It declined to release detailed costings of the plan, saying that as it was a manifesto announcement rather than Government policy, it had not been costed by officials.

    A spokeswoman for Cullen said that Labour, if re-elected, would initially take the money from a $1.9b contingency fund Cullen had allowed for new spending promises.

    Prime Minister Helen Clark, who announced Labour’s policy in a lecture theatre at Wellington’s Victoria University, said the policy had been properly costed and was affordable.
    END QUOTE

    So has it been costed or not – and by who? Because the first and last pars of this quote cannot both be true.

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  12. jarrod () says:

    More interesting than the question of whether Mr Blumsky knows his campaign manager is a candidate – does he know his campaign manager has Google Ads for ACT and the Freedom Party on his weblog?

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  13. David Farrar () says:

    Heh I hadn’t noticed what Google is currently displaying. I get no say on what ads are displayed, I just get the money :-)

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  14. Toa Greening () says:

    When student debt balloons out from 60% to 90% of students taking the maximum 100% of loan then Labours costing team will say that they had not anticipated these changes. Lets not forget how well the Kyoto Protocol was costed out. My suggestion to the Nats would be to get the costing from NZFirst on the Universal Student Allowance and change your policy to that. It is the fairest and most effective solution for reducing student debt.

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  15. Jarrod () says:

    I see a headline coming along the lines of “Blumsky’s campaign manager takes ACT bribes” – clever of you to use Google as a money launderer…

    On the other hand, it’s probably best to extract all the value you can from ACT before they disappear down the electoral toilet.

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  16. gd () says:

    My old Casio calculator says $7 BIllION at 7% equals $490 MILLION per annum.Of course taxes confiscated from workers dont cost anything.Feel a Tax increase on the RICH coming soon after a Labour victory

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  17. Craig Ranapia () says:

    Once more – SHOW US YOUR COSTINGS, TREVOR!

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  18. Mike Collins () says:

    gd – that doesn’t take into account various factors such as no interest while studying. Another one is that not all people who aren’t studying are paying the full 7% interest.

    The way the repayments work is that you work out how much the interest is. Then you repay half your minimum repayment towards the principle and the other half towards the interest. If the interest bill is more than half then the remainder is wiped. If it is less then the remainder is allocated to the principle. So in effect not everyone is paying 7% interest.

    Interestingly Labour’s calculator fails completely to take this into account. So when you see people saying they will save 50 years in repayment time and thousands upon thousands in interest, they are probably wrong.

    Using the IRD’s calculator is much more effective.

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  19. weizguy () says:

    I love it how you guys turn a blind eye to the facts.

    Don Brash released his policy on the basis that 600 Kiwis were leaving every week. He introduced a tax rebate policy to reduce this loss.

    Suddenly Labour comes with a policy to reduce student debt, and all of those people going overseas are suddenly back in the country…

    “My old Casio calculator says $7 BIllION at 7% equals $490 MILLION per annum.”

    Of course, the fact that this doesn’t apply to people overseas has been ignored. Don can have it one way, or the other, but not both. Either people are overseas, and they have to be factored in, or they aren’t and Don is lying.

    My trusty calculator says that approximately 30,000 people leave each year (by Don’s figures). Obviously, not all have loans, but I suggest a decent portion do (otherwise Don wouldn’t have raised as an issue would he?). In addition, people have been heading overseas for decades – at least two since the scheme started. That’s a whole heap of people.

    But feel free to continue ignoring pertinent facts… If it makes you feel better.

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  20. Mike Collins () says:

    You’re right Weizguy. Obviously not all of the 460,000 who have a loan live in New Zealand.

    Although that doesn’t make Labour’s policy any better. Also their costings which are rudimentary at best, do not take into consideration the student debt blowout which will occur.

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