Desperate and Dateless

August 23rd, 2007 at 6:45 pm by David Farrar

My God this is so sad.  After having got laughed at over their two year old story about where John Key registered his address, today tried to link him to leaky homes.  The best they can find is he went into business with a coupel of people, who four years *before* had had built a leaky home.

Colin Espiner I am sure is speaking for the entire press gallery when he says:

Oh, for heaven’s sake! Someone needs to tell Prime Minister Helen Clark to call off her attack dogs until they’ve got something decent to chew on.

The paltry fare served up on John Key by Labour’s research unit for the likes of Pete Hodgson and Clayton Cosgrove to growl over of late has been nothing short of a total embarrassment.

Colin turns to today’s attack:

Today Labour plumbed new depths, serving up a patsy on leaky buildings to Clayton Cosgrove so he could attack Key for once having an involvement with two businessmen who allegedly designed and built some leaky apartments in Auckland.

The story, which appeared in that reputable staple of the Government’s research unit – The Truth newspaper – goes that Key was a shareholder in a business, Earl of Auckland Ltd, along with two others involved in the city’s property market.

His business partners built the apartments now subject to leaky building claims in 1997. But Key says he had nothing to do with the buildings – which were completed four years before he even began a business relationship with the men.

Had Key been directly involved with building leaky homes, or shirked his responsibilities to clients once problems had become known, this might – might – be a story. But on the facts known at the moment, this smear attempt on Key is nothing short of totally pathetic.

You really have to wonder who is driving Labour’s strategy.  Colin outs it down to sheer panic:

It speaks volumes about the panic now gripping Labour, as National sits at 50 per cent in the polls, that it is prepared to stoop to grabbing stories out of a discredited scandal sheet like Truth and run them in Parliament without even checking all the facts.

What’s next? A breathless account about how Key failed to return his overdue books to the Christchurch Public Library in 1973? A thunderous denounciation of the National leader for failing to donate to a boy scout fundraising drive?

It’s such a pity we have to wait 15 months to get a chance to vote and show what we think.

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45 Responses to “Desperate and Dateless”

  1. peterquixote () says:

    yous dont wants to worry about wheres yous live today, always you can change you address, i know this dude who can take the north canterbury water rights seat, heavy politics farra, he won of my friends, the people who believe in each other,

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  2. Bob Howard () says:

    Don’t discourage them. They are effectively digging their own graves.

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  3. RedRag () says:

    Nope…it is exactly the same tactics National has been using… death by a thousand cuts.. And your thundering overeaction is entirely risible.

    [DPF: The problem is mr moron the cuts are only damaging Labour. But hey keep encouraging them to stick with the tactics that have then 20% behind. An even wider margin would be good]

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  4. mara () says:

    Do we really have to wait 15 months?

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  5. Mike Readman () says:

    It’s like Labour’s a bus or train and it’s reached the last stop so everybody’s getting off.

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  6. NX () says:

    John totally rubbished Cosgrove on Radio Live. You’ve got to feel for Cosgrove – he was only toeing the party line prepared for him by H1 & H2.
    Labour smear machine is working over time – but fortunately John is much better at dealing with it than the good Dr Brash.

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  7. kiwi_donkey () says:

    Goff has to calculate a trade-off now. The longer he waits the better his chances for the leaderships. But the longer he waits, the stronger the chance of serious long term damage to the Labour party.

    I hope he topples Clark soon. There should be no place in NZ politics for sustained viscious government smear campaigns, based on out and out lies. It really is Mugabe tactics.

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  8. reid () says:

    DPF says “You really have to wonder who is driving Labour’s strategy.”

    Alastair Campbell?

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  9. Neil () says:

    What NX said…
    Cosgrove sounded like someone had smeared his squidgy bits in mince and was lowering him into a shark tank.
    The level of his debate was about that of a 3 year old who doesnt want to go to bed. Saying But, But, But whilst Paul Henry kept cutting him off as he attempted on multiple occasions to deliver the same speech.
    Is the boy who cried wolf no longer required reading material for Labours muck rakers?

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  10. Pita () says:

    It’s just a smoke screen to divert public attention, and scrutiny, from the Electoral Finance Bill

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  11. vto () says:

    fuck. dont drift aaway in bloggyland ya silly bolggites. It got a front page headline today. Thats enough

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  12. Lindsay Addie () says:

    My interest in politics goes back over thirty years (to 1972) and I can rarely recall a Leader of the Opposition directly or indirectly causing such a meltdown within the governing party. Labour certainly fell apart under the withering attacks of Muldoon in 1974-75. In 1984 the Nats fell apart but that was partly because of Bob Jones and not all Lange’s doing whilst in 1988-90 the Lange Govt’s wounds were self-inflicted and not really due to Bolger who never was very dynamic.

    Key seems to have them totally spooked. If this carries on Labour are heading for a fearful hammering in the next election. To me this is at the point where Labour are now so pathetic that they have no moral authority to govern any longer.

    FFS who is the crazy SOB who dreamed up this stupid strategy…….?

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  13. Inventory2 () says:

    DPF said “It’s such a pity we have to wait 15 months to get a chance to vote and show what we think.”

    Maybe it’s time for another on-line petition. Something along the lines of “We, the undersigned, have no confidence in the Labour-led minority Government, and call upon the Prime Minister to call an immediate General Election.”

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  14. Flashman () says:

    I suspect that labour hope that by goading National with these childish barbs, their victim will be aroused into over-reaction and distraction.

    National needs to keep its eye unswervingly on the ball in the main arena.

    And that means not just Killing Helen’s Bill but burying it with a stake through its fetid Mugabesque bowels.

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  15. Nicholas O'Kane () says:

    Keep up the personal attacks Labour. Don’t debate the important issues affacting most New Zealanders (e.g. taxes, free speech, health, education) Pete Hodgson, keep focusing more on what bed John Key sleeps in rather than finding beds for the people on Hospital waiting lists. Your winning the poll result falling competition. You came close to getting under 30% in the latest poll. More personal attacks are needed.

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  16. masked_sean () says:

    Dont see the big deal.

    Anyone who has made millions in currency speculation has robbed far more people than someone who built a few leaky homes.

    Most people who have made millions have contributed something to society as well, a factory, houses, jobs, construction, but what has a currency speculator contributed?

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  17. pointer () says:

    That sad fellow Pete Hodgson is the annointed Labour strategist. He’s doing an outstanding job, but not for Labour.

    Just as he’s doing an outstanding job in handling his health portfolio, but not for the sick, the elderly, those waiting for”elective” surgery or those denied much-needed cancer drugs.

    Hodgson’s prime Health beneficiaries are the 16,000 health bureaucrats who now outnumber the beds in the country’s public hospitals. The vast health infrastructure over which Hodgson presides has become a laughable, multi-layered model of privileged vested interest clamouring after more soft resources at the expense of Labour’s most dependent followers who can’t afford proper health insurance.

    The great innovators of the early welfare state must be turning in their graves at the sight of what their humanitarian aspirations have led to in the hands of this modern socialist aristocracy. Meanwhile the economic engine that is supposed to drive welfare funding is heading for recession.

    Labour must believe that 2008 will be a good election to lose.

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  18. kiwi_donkey () says:

    Let me guess, masked_sean, when the currency moves against an exported, you’ll be the first one saying “why didn’t they hedge their risk?”

    This is just another version of eat the rich class warfare. And another unsubstantited personal attack on John Key. Got anything better to say?

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  19. masked_sean () says:

    In general the people that lose the most to currency speculators are those involved in export and import.

    In New Zealand’s case this is primarily farmers and associated industries.

    So John Key quite literally made his money off the sheep’s back, although I dare say the farmers would have preferred it stayed in their pockets not his.

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  20. vto () says:

    what?

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  21. Neil () says:

    Keep throwing Mud Masked_Sean

    Keys will soon be known as the Teflon-John, not because he’s slippery but anyone could walk out squeeky clean and the half-arsed hatchet job Labour are trying.

    Tomorrows News: He was surly to a rude waiter once.

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  22. Anthony () says:

    Didn’t Key make his money on currency trading in London, so may not even been trading $Kiwi.

    In any case, Masked Sean needs to learn something about markets. Currency traders make them work better. How on earth anyone could even think they rob people beggars belief – but then if Sean still supports this Labour government I suppose that explains it!

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  23. anon () says:

    Masked Sean says:

    “In general the people that lose the most to currency speculators are those involved in export and import.

    “In New Zealand’s case this is primarily farmers and associated industries.”

    Idiot. Much of the profit earned by the New Zealand Dairy Board and now Fonterra quite often comes from their forex management. You don’t know what you are talking about.

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  24. masked_sean () says:

    “Idiot. Much of the profit earned by the New Zealand Dairy Board and now Fonterra quite often comes from their forex management. You don’t know what you are talking about.”

    No, they are just minimising losses.

    Their profits come from the farmers, the people who produce the goods they sell.

    “Only when the last tree has died
    and the last river been poisoned
    and the last fish been caught
    will we realise we cannot eat money.

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  25. kiwi_donkey () says:

    Oh go back to the forest and eat grubs then, masked-sean

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  26. Adolf Fiinkensein (2,863 comments) says:

    My dear demented masked sean, you are such a dope.. The profit earned by Fonterra from forex trading goes back to the farmers in their annual pay out. Who the hell do you think owns Fonterra? John Key?

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  27. Calculus () says:

    Labour keep up the attack against John Key its having an awesome effect on the polls and Goff is looking more and more cocky by the day.

    I hope he is able to get close protection from the Diplomatic Protection Squad because she is mean enough on a good day let alone when she is getting toppled from one of her senior ministers.

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  28. masked_sean () says:

    So when George Soros walked away with 1 billion pounds after forcing England out of the EERM what was the great benefit in terms of jobs and enterprises that acrued to the British taxpayer?

    Or was it all private (Soros) benefit at public expense?

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  29. Dime () says:

    HAHAHAHA love the guy hassling Key for being a forex trader hahaha
    yea, im sure of the 1.2 trillion that gets traded every day, john key was the main one responsinle for costing some fucking farmers money.
    if hes so evil and messed with them so bad… why do 90% of them vote national? :P

    as for this latest attack HAHAHAHAHAHAHAHAHAHAHA this isthe labour ive been dreaming of for the last few years. just sit back and enjoy the ride people.

    [final para deleted by DPF - let's leave family members out of this]

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  30. Fairouz Oshkenovitz () says:

    Key probably also let the air out of some kid’s bike tyres once when he was at primary school. They are saving that one for the Sunday Star Times, no doubt!

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  31. anon () says:

    We’ve got a right one here with masked sean, who says: “So when George Soros walked away with 1 billion pounds after forcing England out of the EERM what was the great benefit in terms of jobs and enterprises that acrued to the British taxpayer? Or was it all private (Soros) benefit at public expense?”

    Probably some of the 1 billion pounds came from other speculators who got it wrong. Some of it came from the Bank of England (taxpayer) trying (idiotically, following Major’s orders) to try to protect the currency.

    But this was the absolute example of a meltdown in a currency market to the extent that we are still talking about it on a blog in NZ 15 years later. It is the exception not the rule. Hardly anyone (except for Soros and Buffett and perhaps to a tiny extent Key) make more than the discount rate over the long-term.

    Currency markets, by and large, smooth the profits and losses experienced by the real tradable sector, and are useful to them – that is why they were set up and exist!

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  32. masked sean () says:

    “Probably some of the 1 billion pounds came from other speculators who got it wrong. ”

    Or why not just say the Tooth Fairy gave it to him and have done with it?

    Probably if you were born in ancient Egypt you would be waxing lyrical about the valuable employment opportunities that building pyramids provided. There is a sucker born every minute but what is amazing that the people who are most vocal about defending at obviously flawed system are people that, in reality, have absolutely financial stake in, just a superstitious belief that somehow “it is right”.

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  33. anon () says:

    masked sean – you haven’t addressed my points; you’ve just restated yours. I don’t think there were any tooth fairies in my post, but if you want to believe there were, then that’s OK if it makes you feel good.

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  34. masked sean () says:

    “masked sean – you haven’t addressed my points”

    Thats because your points are predicated on the assumption that money is cipher, without meaning, or a closed system that has no relation jobs, production and consumption.

    If that was the case currency speculators could suddenly become rich without adding any productive capacity to an economy and no one would be worse off.

    Alas, that is not so.

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  35. kiwi in america () says:

    masked sean
    Your obvious intent is to somehow dent Key’s popularity by describing him as some parasitical leech on the financial system. This is classic ‘politics of envy’ stuff that has had a full run in various subtle ways courtesy of Labour’s front bench and other water carriers. The tactic has clearly failed as NZers seem to prefer the State House in Bryndwr son of solo parent makes it big in the world’s financial markets story as evidenced by the huge poll lead National enjoys.

    In your attacks sean you clearly have no understanding of derivative or futures markets and the role they play. Most of the worlds major crucial tradable goods (oil, copper, wood, coal, even orange juice) are traded in commodities markets where actual contracts for these products change hands. There is also a parallel futures market for these goods. In these markets, traders take a punt on what a future price will be. This gives real trading companies some certainty of their future input or raw material costs. In any market where players are guessing what will happen in the future some participants are accurate with their guess and others are not and so there are winners and losers.

    The same is true with the foreign currency markets. Managing currency risk is a major issue for any corporation anywhere in the world where the bulk of income is derived from trade. Having some degree of certainty as to what a NZ timber company is going to receive from its trade to Japan is important and so the company will use the forex markets to hedge via what is called forward cover or an option to purchase x amount of yen for an exchange rate of y. If the rate goes down in the interim then the company loses on the deal and if the rate goes up they win. But here’s the crucial thing that lefties like you sean who make these cheap headline grabbing shots at evil capitalists – no one is making the timber company take a punt by utlilising a forex trader (like John Key). All participants in the type of trading that Key did in London enter this admittedly volatile market OF THEIR OWN VOLITION. There are companies who take all their own forex risk and do not enter the market. That so many do enter the forex markets is a testament to the value this market plays in smoothing the risk of foreign currency. Now that is hardly parasitical as you allege.

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  36. masked_sean () says:

    “Now that is hardly parasitical as you allege.”

    Sorry, 1 billion pounds of unearned profit is parasitical, if the word parasitical has any meaning.

    Such actitivity gives no benefit to the host and immense private gain to the parasite.

    Kiwi in America, would I be right in assuming that you have a vested interest in money markets? I, on the other hand, work in healthcare.

    I guess it means I take a different view on social good and currency speculation does not met my criteria.

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  37. kiwi in america () says:

    sean
    You are referring to Soros (a despicable left wing nutter I might add who espouses the legalisation of all drugs including heroin and who funds a huge number of left wing groups all over the world) and how he profited from his speculation on the pound. He made the money only because the British Government chose to use British taxpayers money (a seemingly bottomless pit) to play the market and the Bank of England lost. If they had left the market alone then there would’ve been no windfall whatsover to Soros. That situation has no comparison to the normal trade in foreign exchange. Your attempts to tar Key by tortuous association with Soros are pathetic. And no sean I don’t work in money markets nor do I play in them but, unlike you, I understand how they work.

    Your self righteous post reflects your utter ignorance of how markets work and your intention to be closed minded when their operation is explained to you in simple terms. By so doing you merely re-inforce the stereotype of the ‘soak-the-rich politics-of-envy’ employed by the left. Fortunately middle NZ sees through the similar tactics used by your political heros. I know how you think sean because for years I was a liberal socialist Labour activist.

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  38. masked_sean () says:

    So I am correct, you do work in the markets.

    No wonder you dont want to question the way large sums of money can disappear into the back pockets into those who create nothing of value for society.

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  39. kiwi in america () says:

    sean
    Umm I said I don’t work in the markets but you still say I do – so you know more about me than I do! You’re starting to sound even more loony than philu. You are becoming a parody-desiring the comfort of your ideological world view that cannot and will not be challenged by fact or logic. Why dont you go play at Jordan Carter’s blog where you can gaze at the navels of fellow socialists and feel good about claiming John Key created nothing good for society.

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  40. David Baigent () says:

    Save your breath Kiwi in America,
    It is obvious to all that masked_sean does not have the ability to reason in a balanced way.
    He appears to hold firmly to his preferred view and is the poorer for it..

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  41. brian_smaller () says:

    Masked Sean – So what have you contributed to society? Other than being a drain of course.

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  42. Murray () says:

    Look out everyone, Labour have brought out their secret weapon.

    The Masked Buffoon! Flee fellow VRWC conspirators, we are undone!

    Do you guys all get issued with a communist party manafesto and frontal labotomy when you join Labour or something?

    Another damning indictment on this policy of releasing the mentally challenged into the care of the wider community.

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  43. Insolent Prick () says:

    Murray,

    What is the VRWC? I’ve never heard of it. Is John Key part of it because he’s half-Jewish? How about Mike Moore? Mini-me?

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  44. Murray () says:

    Oh sure you say that NOW, but you were all chummy at the meeting last week!

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  45. Rex Widerstrom () says:

    Someone was a currency speculator (or trader, if you prefer a less emotive term). Someone else was a university lecturer. So what? Neither activity is illegal. You can argue, I suppose, that currency trading is immoral in that it produces nothing just as you can argue that a life spent being paid by the taxpayer for doing nothing other than pontificating is immoral. But in both cases it’s stretching credulity and playing to stereotypes.

    I’d have thought the issue was what they’re doing right now and what their stated intentions are for the future.

    And by buying into the “who holds the high moral ground based on past employment” argument, we’re surely following someone’s plan to deflect us from too closely examining those issues. So let’s get back to that, shall we…?

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