Thursday, May 11, 2006

What a crock

"While we are disappointed our ranking has declined, this has more to do with changes in overall economic conditions, many of which are cyclical, than any genuine deterioration in our competitiveness."

That's Minister of Finance, Michael Cullen weasling his way out of dropping 6 places in the World Competitiveness Yearbook. SIX places.

14 comments:

Brian Smaller said...

You can see that the culture of lack of personal responsibility that New Zealand seems to be mired in is definately a top-down phenomenon.

Berend de Boer said...

Cullen: Let's not forget that New Zealand is still a great place to do business.

Was that a threat?

As is abundantly clear now, our economy is now history.

writeups said...

I still can't believe that 41% of voters voted for Labour and their foolish Finance fellow Michael Cullen. The sheeple seem to not understand the fact that Labour will always try to deceive the public into believing government handouts are affordable and necessary, whilst neglecting the fact that private individuals and companies carry the burden of providing for their needless spending whilst continuing to make it harder for private individuals and businesses to get ahead.

andrei said...

When the economic indicators are good it is a result of Government policies that are responsible.

When they are bad it is external factors that are to blame.

This is an invariable law of economics.

andrei said...

I just wanted to fix my fracured English. sorry

When the economic indicators are good it is a result of Government policies.

When they are bad it is external factors that are to blame.

This is an invariable law of economics

coge said...

Well today the good Doctor was explaining how some NZers are returning from Australia for their retirement. Well that sure stacks up, as they were paying their taxes in Australia. What planet is this fellow on, & where was National in the house today?

iiq374 said...

Coge - of course it makes sense for us to pay for the retirement of people who have done nothing to support our economy, what were you thinking?

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