https://www.thepost.co.nz/a/politics/350071555/prefu-election-and-new-zealands-troubled-waters-ahead?utm_source=stuff_website&utm_medium=stuff_referral&utm_campaign=mh_stuff&utm_id=mh_stuffWe live in interesting times. I find it amusing that many of the media have finally got their heads out of their arses and telling the truth about the government.
A somewhat soft commentary, the reality is much worse.
See https://www.1news.co.nz/2023/08/29/nz-at-risk-of-falling-into-deeper-recession/?gclid=Cj0KCQjwmICoBhDxARIsABXkXlLyOEFbxIYoGKR4popeHueJdFP3QfTv8aE7dTtQ8tZLVQ2hYoB_NjcaAmyWEALw_wcB&gclsrc=aw.ds
Grant Robertson's fingers are all over the PREFU, in an attempt to sugar coat
what is a disaster in progress. He and the rest of this government have spent
more than they told us they were spending.
An absolute disgrace, we have the second worst balance of payments of all developed countries.
And yet some have been known to bleat about how well this government has done -
what a crock.
https://www.thepost.co.nz/a/politics/350071555/prefu-election-and-new-zealands-troubled-waters-ahead?utm_source=stuff_website&utm_medium=stuff_referral&utm_campaign=mh_stuff&utm_id=mh_stuff
A somewhat soft commentary, the reality is much worse.
See >https://www.1news.co.nz/2023/08/29/nz-at-risk-of-falling-into-deeper-recession/?gclid=Cj0KCQjwmICoBhDxARIsABXkXlLyOEFbxIYoGKR4popeHueJdFP3QfTv8aE7dTtQ8tZLVQ2hYoB_NjcaAmyWEALw_wcB&gclsrc=aw.ds
Grant Robertson's fingers are all over the PREFU, in an attempt to sugar coat >what is a disaster in progress. He and the rest of this government have spent >more than they told us they were spending.
An absolute disgrace, we have the second worst balance of payments of all >developed countries.
And yet some have been known to bleat about how well this government has done -
what a crock.
https://www.thepost.co.nz/a/politics/350071555/prefu-election-and-new-zealands-troubled-waters-ahead?utm_source=stuff_website&utm_medium=stuff_referral&utm_campaign=mh_stuff&utm_id=mh_stuff
A somewhat soft commentary, the reality is much worse.
See >https://www.1news.co.nz/2023/08/29/nz-at-risk-of-falling-into-deeper-recession/?gclid=Cj0KCQjwmICoBhDxARIsABXkXlLyOEFbxIYoGKR4popeHueJdFP3QfTv8aE7dTtQ8tZLVQ2hYoB_NjcaAmyWEALw_wcB&gclsrc=aw.ds
Grant Robertson's fingers are all over the PREFU, in an attempt to sugar coat >what is a disaster in progress. He and the rest of this government have spent >more than they told us they were spending.
An absolute disgrace, we have the second worst balance of payments of all >developed countries.
And yet some have been known to bleat about how well this government has done -
what a crock.
On Tue, 12 Sep 2023 20:28:33 -0000 (UTC), TonyBalance oif payments is far more important than you pretend.
<lizandtony@orcon.net.nz> wrote:
https://www.thepost.co.nz/a/politics/350071555/prefu-election-and-new-zealands-troubled-waters-ahead?utm_source=stuff_website&utm_medium=stuff_referral&utm_campaign=mh_stuff&utm_id=mh_stuff
A somewhat soft commentary, the reality is much worse.
See >>https://www.1news.co.nz/2023/08/29/nz-at-risk-of-falling-into-deeper-recession/?gclid=Cj0KCQjwmICoBhDxARIsABXkXlLyOEFbxIYoGKR4popeHueJdFP3QfTv8aE7dTtQ8tZLVQ2hYoB_NjcaAmyWEALw_wcB&gclsrc=aw.ds
Grant Robertson's fingers are all over the PREFU, in an attempt to sugar coat >>what is a disaster in progress. He and the rest of this government have spent >>more than they told us they were spending.
An absolute disgrace, we have the second worst balance of payments of all >>developed countries.
And yet some have been known to bleat about how well this government has done >>-
what a crock.
You have raised the Current Account Deficit previously, but I suspect
you are ignoring one of the significant factors in the amount of that >deficit. First of all our overall position should also be looked at in >relation to the level of debt - that we have a lower level of debt as
a percentage of GSP than many countries is a good thing - and both
Labour and National have tried to keep that level relatively low over
the years. The Current account deficit includes on factor that has
become significantly more important in recent years - the flow of
dividends to and from New Zealand. Many of our large companies are
ultimately owned by overseas investors - so for example when our banks
paid $5 billion of dividends to shareholders in the last year, the
majority of that would have gone to Australian owners - boosting the
balance on current account of Australia while reducing our balance on
current account.
In effect we may work hard to maximise efficiencies and hence profits,
but given the enthusiasm for some past governments to sell off to
overseas owners (Banks and Electricity companies being recent
examples), we are in part working against our own country and on
behalf of foreigners if you measure success by the Balance on Current >Account.
For a bit more information, see: >https://www.investopedia.com/terms/c/currentaccountdeficit.asp
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