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| Thread ID: 100164 | 2009-05-28 08:32:00 | Tax cuts. | Sweep (90) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 777702 | 2009-05-28 10:18:00 | Cant blame National for a recession the worst since 1929. Reasonable people would expect the government to do stuff to mitigate the effects of a major recession did I say it is the worst since 1929? Unreasonable people like commies would expect them to carry on as if no recession has happened. Although you can blame them for promising that tax cuts would go ahead when they knew that this recession was coming. Sure they may not have known that it was going to be as bad as the media make it out to be, but if they had no clue then they deserve to be treated with the contempt that the masses are scorning upon them. |
the_bogan (9949) | ||
| 777703 | 2009-05-28 10:20:00 | And Mr Cullen also mentioned at one time NZ was 11 billion in credit which is possibly why a number of people chucked out Labour in favour of National. The Treasury just plain gets things wrong and they are the people that advise the Government of the day. |
Sweep (90) | ||
| 777704 | 2009-05-28 10:23:00 | The recession has turned out to be worse than expected, so continuing with tax cuts would be dumb, sort of thing labor would have done. | prefect (6291) | ||
| 777705 | 2009-05-28 10:29:00 | Did anyone watch the live coverage on tv1 this arvo? I found Phil Goff's rebuttal speech absolutely appalling. The man had no idea what he was talking about, and just rambled on but was shouting the whole time. Quite poor really. Labour is really struggling without Helen Clark and Dr. Cullen imo. |
roddy_boy (4115) | ||
| 777706 | 2009-05-28 10:39:00 | Did anyone watch the live coverage on tv1 this arvo? I found Phil Goff's rebuttal speech absolutely appalling. The man had no idea what he was talking about, and just rambled on but was shouting the whole time. Quite poor really. Labour is really struggling without Helen Clark and Dr. Cullen imo. Labour is falling apart - especially now since their supporters (Winston, the Greens, United Future, Maori Party) have either been kicked out of parliament or decided to work with National. The Greens have been playing smart politics lately and will probably take votes off Labour at the next election - differentiating themselves in Mt Albert, and getting small wins like the cycleway and the insulation scheme will certainly be appreciated by their supporters. Phil Goff and his party is so desperate that they're trying to buy a by-election in Mt Albert by demanding that taxpayers spend an extra $1 billion on a damn tunnel so they can save ~365 houses - rather than the sensible option of 60% tunnel, 40% motorway proposed by the government. To put that in perspective, $1 billion is enough to build 3 hospitals - personally, I'd rather demolish those houses and have the hospitals. </rant> |
somebody (208) | ||
| 777707 | 2009-05-28 10:48:00 | The recession has turned out to be worse than expected, so continuing with tax cuts would be dumb, sort of thing labor would have done. I don't agree that the recession is worse than expected. Many peope knew it was going to be bad, and I expect it to get a lot worse, so so do many other people. Unemployment well over 10% etc. These so called 'experts' who didn't expect this, should be sacked, as what are they being paid for. You should always plan for the worst situation possible, and have plans in place. My problem with the budget, is there is no plan to get us out of this depression. We are borrowing to top up our living costs, and we still are, so it is only going to get worse until that is corrected. |
robbyp (2751) | ||
| 777708 | 2009-05-28 10:52:00 | I see David Cunliffe has taken on the Cullen sneer | wotz (335) | ||
| 777709 | 2009-05-28 11:02:00 | Try this National voters: www.nybooks.com |
zqwerty (97) | ||
| 777710 | 2009-05-28 11:49:00 | Living outside your budget is a recipe for disaster. Borrowing does not help as interest charges are applicable and only makes the situation worse. Some people need to or want to get a Mortgage which is borrowed against a house or other collateral. There again the banks may lend you money or not. If I buy a car and sign up for a loan to do so the interest charges do not change during the period of the loan in general say two years. If I buy a house today the interest can be anywhere between what it is now up to 22%. Now the banks pay the previous house owner $xxx,xxx and lend me that at a rate of xx% but during the course of the loan the interest rate goes up or down. Why is it that I borrow $xxx,xxx at the price the bank had to pay today and have the interest adjusted against what the bank has to pay for funds to lend in the future? If I buy a new car today and spend say $40,000 in cash. Would any one expect the car dealer to phone you and say the price of cars has just gone up so we want another $10,000 as it costs us extra to get them so you are going to pay more. |
Sweep (90) | ||
| 777711 | 2009-05-28 12:03:00 | wat | roddy_boy (4115) | ||
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