I still haven’t worked out if Key is actually smarter than I currently give him credit for or if he is just another product of the bureaucratic spin doctors trying to keep him in power. There are a number of issues he has spoken out on that I had questioned him on in his first term and I know his personal opinion was the exact opposite of what he is currently saying and that worries me greatly.
I had the chance to meet JK today for lunch. He was open and pragmatic in his responces to questions around tax and student loans. He was equally determined having identified opportunities for future productive growth to put in place the infrastructure to allow it to happen.
I would probably give him a 3 out of 10. Helen Clark-1. He promised not to raise taxes because it would affect productivity yet
he is looking at raising gst, resulting in rise in prices for everything, even rates, Raised acc and it going up again april 1st. passed the ets bill which will raise everything again. Increased savings interest tax to 21.5, All in about 18 months. Now he is suppose to give tax cuts, how much?? What about this productivity he was talking about. I think his tactic is to use a band-aid to fix a severed arm and everyone will think that will fix the problem. We have to remember 240 million a week is being borrowed. That is a huge amount for only 4 million people. I think, though, most voters will vote for the band-aid approach rather than the candidate that has the tourniquet.
I met a fella the other day who worked for John a few years ago when he was behaving like a proper capitalist and he was positively gushing about him. He said NZ would be a great place with John at the helm. I stated that John would be a great PM if he unleashed some of his talents as he did at Merrill Lynch. At the moment it looks like we are treading water – I can only hope he does fulfil some sort of legacy – as this gentleman was adament NZ will change if John gets his way.
And just to dispel the borrowing myth that’s perpetrated by all youse lefties etc.
The Net weekly borrowing is in the 100 – 120 million range. Why, because the 240 so often quoted includes repayments of current amounts.
Not that I’s saying that even 150 is good and it is a pittance amount to actually stop spending which would be the right thing to do. Just that we should be a bit more accurate when we bandy stuff about or we risk being worse than the lefties.
Key says he wants to reduce the wage gap bewtween Australia and NZ. So what happens? The wage gap has widened since he took office. He’s got to do more than talk, he’s got to have policies that will deliver otherwise he won’t have any credibility.
Our challange is the Government actually walks a very fine line at the moment (as indeed most governments do) If they reduce spending to much the economy will go into a nosedive that would be difficult to recover from. Yes thy have to reduce their own overheads without huge redundancies which would also curve spending. That is why I am still watching John Key with interest as he should have the skills (More so than any other I know) to guide us through this. It most certainly is not an easy or smooth path to walk.