The future?

February 10th, 2013 at 3:47 pm by David Farrar

Green leader Russell Norman tweeted:

Lord Turner, chair UK Financial Services Authority, defends financing Govt spending by ltd printing money. radical!http://ow.ly/1S6b0Q

Labour strategist replied:

@RusselNorman stop thrashing dead horse and work on imaginative tools appropriate for NZ

This will go down well at The Standard! then responds:

@TrevorMallard you just go back to closing schools and making housing unaffordable like you did in govt

Points to Norman I say. He follows up with:

@TrevorMallard 2002-2007 house prices doubled, current account ballooned. Greens repeatedly told Labour to act, but you did nothing

This is like the Iran-Iraq war – you don’t know which side to cheer for!

UPDATE: it continues. Mallard says:

Presume this is an intern not@RusselNorman but whoever it is needs to look to future not focus on rear vision mirror

And we also have a very tetchy Labour MP in Clare Curran:

@jordantcarter @pointoforder that’s bullshit Jordan

Maybe they are all nervous about Shearer’s reshuffle?

Tags: , ,

41 Responses to “The future?”

  1. bhudson (4,720 comments) says:

    Haha. Keep the updates flowing DPF. Great first comeback by Russel Norman.

    (Although he seems to have forgotten that the UK announced some months ago that there would be no further QE – as it hadn’t worked!)

    Popular. Like or Dislike: Thumb up 25 Thumb down 1 You need to be logged in to vote
  2. Keeping Stock (9,788 comments) says:

    It’s a bit like watching a rugby test match between England and Australia; you don’t want EITHER team to win :D

    Popular. Like or Dislike: Thumb up 51 Thumb down 1 You need to be logged in to vote
  3. beautox (406 comments) says:

    Why is there never an arms dealer when you need one ;) This would make a great deathmatch..

    Vote: Thumb up 8 Thumb down 1 You need to be logged in to vote
  4. wat dabney (3,429 comments) says:

    Russell in particular comes across simply as a complete child.

    It’s quite staggering really, that someone so lacking in maturity would ever have power over others

    Popular. Like or Dislike: Thumb up 45 Thumb down 6 You need to be logged in to vote
  5. swan (651 comments) says:

    Hidden due to low comment rating. Click here to see.

    Unpopular. Like or Dislike: Thumb up 9 Thumb down 70 You need to be logged in to vote
  6. Johnboy (13,342 comments) says:

    Hard to believe. 30 something. 50 something. Both still children! :)

    Vote: Thumb up 17 Thumb down 1 You need to be logged in to vote
  7. YesWeDid (1,002 comments) says:

    First time I’ve looked at it but reading Norman’s twitter page is actually quite interesting, stuff on Don Elder, Mike Hoskings support for the National Party as well as his dig at Mallard.

    Vote: Thumb up 2 Thumb down 10 You need to be logged in to vote
  8. George Patton (330 comments) says:

    This house price doubling business, I actually quite like it, owning both a home in Auckland and a beachhouse. I would hope that affordable housing wouldn’t impact on the wealth created by rising house prices for countless New Zealanders who have owned their home for a reasonable period of time.

    Vote: Thumb up 4 Thumb down 16 You need to be logged in to vote
  9. HC (130 comments) says:

    Well, well, give it a bit more time, and the Greens will learn, improve in policy development, have a real alternative plan to the NatACT “more of the same”, they may well overtake Labour in the polls in the coming 2 to 4 years.

    Mallard, King, Goff and a few other aged hangers-ons are simply not delivering much anymore, and while keeping a weak, incompetent, largely still too much stuttering and stammering “leader” of no hope in the job, they are overdue to retire, to make room to some young ones, who may actually have some ideas and plans, that could revive the Labour Party again.

    Indeed those old ABC stakeholders are somehow ruining the party, by not stepping down.

    That realisation must be behind Norman hitting back at Mallard.

    “Hands on”, “hands on” without “pants on” and constantly going on about housing policies is not going to cut the custard, David Shearer. There is more opposition coming from the Greens and NZ First. This year will be very interesting to follow in NZ politics. Maybe someone may actually have the courage and found a totally new party also, sending shockwaves through the established, old, stuffy parties like National and Labour.

    Vote: Thumb up 3 Thumb down 11 You need to be logged in to vote
  10. Manolo (12,617 comments) says:

    And these two scummy politicians could be “leading” our country after the next election. Weep and wail, NZ.

    Popular. Like or Dislike: Thumb up 47 Thumb down 5 You need to be logged in to vote
  11. bhudson (4,720 comments) says:

    You know what must be done Manolo.

    Vote: Thumb up 2 Thumb down 1 You need to be logged in to vote
  12. stigie (618 comments) says:

    Well, i think this might be a great year for eating heaps of popcorn. I might just go out and buy a truck load, red and green colouring !!

    Vote: Thumb up 5 Thumb down 1 You need to be logged in to vote
  13. PhilP (139 comments) says:

    Love it, keep it coming DPF, this is Gold 2 the Nats. How the fuck could they ever hope to run the country together for 3 years.

    Popular. Like or Dislike: Thumb up 25 Thumb down 0 You need to be logged in to vote
  14. David Garrett (5,120 comments) says:

    Philp: Quite so…imagine the cabinet meetings! Wussel as Associate Finance..Cunliffe as Minister; Delahunty as Treaty negotiations Minister and Finlayson as AG….ah hold on….

    Popular. Like or Dislike: Thumb up 24 Thumb down 1 You need to be logged in to vote
  15. krazykiwi (9,188 comments) says:

    The infantile spat aside, re the original tweet

    Lord Turner, chair UK Financial Services Authority, defends financing Govt spending by ltd printing money. radical!http://ow.ly/1S6b0Q

    It would be interesting know how much non-GBP wealth Lord Turner has ready for repatriation.

    Vote: Thumb up 3 Thumb down 1 You need to be logged in to vote
  16. Harriet (4,010 comments) says:

    Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. :cool:

    Vote: Thumb up 11 Thumb down 0 You need to be logged in to vote
  17. PhilP (139 comments) says:

    @ David Garrett

    Oh you do like to jest. absolutely horrifying for NZ except Finlayson of course haha

    Vote: Thumb up 5 Thumb down 0 You need to be logged in to vote
  18. stigie (618 comments) says:

    Why an exception for Tinkerbell ?

    Vote: Thumb up 2 Thumb down 19 You need to be logged in to vote
  19. Anthony (736 comments) says:

    I hate to agree with the Greens but of course he is quite right about Labour sitting on its hands and doing nothing about the property price bubble. I understand Jim Anderton did his best to try to get them to introduce a capital gains tax in the early 2,000s.

    I repeat yet again that landlords don’t increase the supply of houses before the predictable ‘taxing the supply of something is not the right thing to do’ argument! Of course land supply is also an issue.

    Vote: Thumb up 6 Thumb down 1 You need to be logged in to vote
  20. Pete George (21,798 comments) says:

    And adding to the chaos, Zetetic hass justed posted a boot up Mallard and praise of Greens and Normanin an aptly named Hatin’ on the left.

    So Trevor Mallard thinks it’s smart to stick the boot in to Russell Norman for linking to an article about using the printing of money as a tool of monetary policy.

    Well it says a lot more about the state of the Labour Party than anything else. It just goes to show what happens when throwbacks from the 1980s like Goff, Mallard, and King are running your strategy.

    You get a party that refuses to accept the world has changed, can’t think outside the confines of neo-liberalism and gets outflanked at every turn by the Greens.

    That’s why their best answer to the housing crisis has been a public-private partnership targeting middle class voters.

    No wonder Labour’s stuck on 31%.

    Yes, no wonder Zetetic.

    Vote: Thumb up 13 Thumb down 0 You need to be logged in to vote
  21. thedavincimode (6,102 comments) says:

    @gimmebackmyfwag_sob

    Vote: Thumb up 5 Thumb down 1 You need to be logged in to vote
  22. Nick K (916 comments) says:

    Anthony (605) Says:
    February 10th, 2013 at 8:36 pm

    I hate to agree with the Greens but of course he is quite right about Labour sitting on its hands and doing nothing about the property price bubble. I understand Jim Anderton did his best to try to get them to introduce a capital gains tax in the early 2,000s.

    A capital gains tax would not have made a blind bit of difference. I wish people would stop seeing that as a solution, complete or part. It’s simply a revenue gathering tool for the left to spend more on welfare. It’s that bloody simple. Stop the bullshit about it affecting house prices. Because it doesn’t.

    Hot debate. What do you think? Thumb up 22 Thumb down 3 You need to be logged in to vote
  23. emmess (1,333 comments) says:

    Excuse my ignorance, but I don’t seem to remember the Green’s speaking out about house price increase prior to 2008.
    Until recently, pretty much the only thing socialists ever talked about regarding housing was state house rental costs.
    I am sure, someone can point me to a press release or two but I am sure it was not a major focus.

    Vote: Thumb up 7 Thumb down 1 You need to be logged in to vote
  24. Anthony (736 comments) says:

    Nick K, the mantra the middle class were chanting, particularly in Auckland, was buy rentals, leverage up to avoid paying any tax on the rent and then sell when you retire and not pay any tax on the gain. Throwing a spanner in this equation would have made some difference – just as removing the depreciation deduction cooled things a little. It’s simple logic!

    Vote: Thumb up 7 Thumb down 4 You need to be logged in to vote
  25. beautox (406 comments) says:

    emmess – the green MPs now have an actual income (rather than just a benefit) so they are looking to get on the housing ladder and are appalled at the prices. So, just normal self interest.

    Vote: Thumb up 8 Thumb down 2 You need to be logged in to vote
  26. hj (5,674 comments) says:

    2002-2007 house prices doubled, current account ballooned. Greens repeatedly told Labour to act, but you did nothing
    …………..
    “Anti-immigration feeling has no place in the Green party Immigration and Population policies released today, Green MP Keith Locke says.”
    http://www.greens.org.nz/press-releases/greens-counter-peters-welcoming-immigration-policy

    “Immigration and tax breaks for investment in residential property are being cited as the underlying causes of steep increases in the cost of housing over the past decade. ”
    http://www.stuff.co.nz/business/money/4622459/Government-policies-blamed-for-house-prices

    Vote: Thumb up 1 Thumb down 3 You need to be logged in to vote
  27. Tom Jackson (2,235 comments) says:

    wealth created by rising house prices.

    Rising house prices don’t create real wealth. It just looks that way to home owners. If you look at people buying their first homes at the inflated prices, they are just transferring a bigger share of their incomes to those lucky enough to have bought a home before the bubble. It’s largely a massive wealth transfer from the young to the old.

    Look, the state basically gave my parents a house (they bought their state house at a govt set price well below the market rate which meant they couldn’t be refused a mortgage because the banks knew that they would immediately have almost 45% equity upon purchase – they used that to get into a better house within 3 years). That David Shearer’s scheme isn’t anywhere near as generous shows that he can’t even match what a former National government (in this case Muldoon’s) was prepared to do to help working people afford a home.

    What Norman isn’t saying is that we need to tax the boomers into poverty to get things going. They have become entirely parasitic and house prices are a large part of that.

    Vote: Thumb up 8 Thumb down 4 You need to be logged in to vote
  28. seanmaitland (401 comments) says:

    @Anthony – the simple logic from where I am is if you were a property investor you would simply either hold the property for longer so the gains offset the tax you’d pay or you simply increase the price.

    Both of these things end up reducing the supply of property for sale either directly or indirectly (respectively).

    Can you explain the theory behind your “simple logic”?

    Vote: Thumb up 3 Thumb down 1 You need to be logged in to vote
  29. RF (1,128 comments) says:

    This is pure gold. Iprent over on the lower standard has just handed Curran her arse. Following a recent Labour caucus decision Labour members are making tentative approaches to the standard trying to gain favour by posting warm fuzzies. Iprent virtually told her to fuck off.

    What a bunch of drop kicks.

    Vote: Thumb up 5 Thumb down 1 You need to be logged in to vote
  30. bhudson (4,720 comments) says:

    And still it goes on….

    17h Russel Norman Russel Norman ‏@RusselNorman

    @TrevorMallard you just go back to closing schools and making housing unaffordable like you did in govt
    Expand

    13h Trevor Mallard Trevor Mallard ‏@TrevorMallard

    Presume this is an intern not @RusselNorman but whoever it is needs to look to future not focus on rear vision mirror
    Expand

    11h Russel Norman Russel Norman ‏@RusselNorman

    @TrevorMallard Not sure Novopay is in only in the past… Are you sure you should’ve signed their contract when you were in Govt?
    Expand

    10h Trevor Mallard Trevor Mallard ‏@TrevorMallard

    @RusselNorman if u bothered reading the papers u wouldn’t have let intern embarrass you again. Nopay deal signed 3 years after I was MinEdu
    Expand

    9h Russel Norman Russel Norman ‏@RusselNorman

    @TrevorMallard I know. But you, ie the Labour Govt, did sign up to Novopay. And teachers are suffering from your decisions
    Expand

    It has almost reached the point where you’d wonder if someone had hacked Norman’s twitter account. I suspect Mallard is correct that it is a Norman staffer/intern of some sort, but Norman will have to accept that if he gives others authority to post under his name, then he owns those statements.

    Vote: Thumb up 8 Thumb down 1 You need to be logged in to vote
  31. bhudson (4,720 comments) says:

    @RF,

    I risked a quick look – both Clare Curran and Stuart Nash got a serve. Engaging at The Stranded certainly does hold its risks.

    As for lprent, I wonder which dictator he has modeled himself after – perhaps he is just seeking to channel them all. And he comes across as such a supercilious prat with his sanctimonious judgements.

    Vote: Thumb up 7 Thumb down 0 You need to be logged in to vote
  32. Manolo (12,617 comments) says:

    You know what must be done Manolo.

    Emigrate?

    Vote: Thumb up 2 Thumb down 1 You need to be logged in to vote
  33. bhudson (4,720 comments) says:

    @Manolo,

    If you cared not a whit for what would become of your fellow citizens, yes that would be an option for you. Or you could take a more active role in preventing the dreaded Labour-Green destruction of our country and people.

    I’ll send you the link to membership…

    Vote: Thumb up 1 Thumb down 0 You need to be logged in to vote
  34. Pete George (21,798 comments) says:

    Apart from his preciousness at anyone referring to The Standard as ‘The Standard’ there’s some classic lprent:

    You need to view it as if every person here holds their own opinions and is happy to argue with virtually everyone else at the drop of a hat – because that is why people come to places like this.

    ‘Virtuall anyone’ who goes to The Standard are given a free licence to criticise and abuse any targets approved by lprent.

    The nearest thing there is here to a consensus is whatever I program and the policies that the moderators choose to enforce.

    His much bragged about behaviour modification has resulyed in a compliant cadre of comrades.

    http://yournz.org/2013/02/11/not-a-labour-blog-not-the-standard-a-compliant-cadre-of-comrades/

    Vote: Thumb up 4 Thumb down 0 You need to be logged in to vote
  35. graham (2,211 comments) says:

    bhudson at 9:18 am:

    Like you, I risked a quick look (which I try not to do generally). Wow. There is some serious in-fighting going on there.

    That aside, gotta love lprent’s oft-repeated “The Standard is a machine, it does not think. DO NOT TALK TO THE MACHINE”. Not quite as shrill as Russel’s “Give me back my flag!!!” but boy it gets him p!ssed off.

    Vote: Thumb up 4 Thumb down 1 You need to be logged in to vote
  36. RF (1,128 comments) says:

    For those that look at the standard I protect myself from the evil eye by looking at a mirror held along side my screen. The reflection stops my soul being corrupted.

    Iprent is a darlic clone. Always chanting exterminate.

    Vote: Thumb up 5 Thumb down 1 You need to be logged in to vote
  37. backster (2,000 comments) says:

    Don’t worry Trev will get utu when he becomes speaker in the next Labour Government.

    Vote: Thumb up 2 Thumb down 2 You need to be logged in to vote
  38. Pete George (21,798 comments) says:

    It’s funny seeing lprent’s overreaction to anyone referring to The Standard in general terms when on one hand he keeps claiming it is a collective of unassociated individuals freely expressing their opinions, and on the other hand he tries to mold it into a compliant multitude of munters, devoid of non-approved criticism or suggestions for improvement.

    The Standard is an online Animal Farm.

    Vote: Thumb up 7 Thumb down 0 You need to be logged in to vote
  39. bhudson (4,720 comments) says:

    If it is, in fact, The Standard, it certainly shows how low they are set on the Left.

    Despite all his other flaws, Trev seems to show enough sense not venture into the sewer that is The Standard

    Vote: Thumb up 2 Thumb down 0 You need to be logged in to vote
  40. RRM (8,988 comments) says:

    a compliant multitude of munters

    :lol: Hahaha classic – can I use that?

    A compliant multitude of munters, that’s almost as good as an orchestrated litany of lies. Proper respect, PG.

    Vote: Thumb up 2 Thumb down 1 You need to be logged in to vote
  41. Pete George (21,798 comments) says:

    Use as you like.

    It’s interesting – that’s what Mallard/Curran tried to make Red Alert, it’s what lprent tries to do with his ‘behaviour modification’ at The Standard, it’s what they want of the Labour caucus and now it seems that Labour leadership is trying the same trick with The Standard, using Curran and Nash.

    What’s a Curran munter?

    Vote: Thumb up 2 Thumb down 0 You need to be logged in to vote

Leave a Reply

You must be logged in to post a comment.