Thank God that she made New Zealand small and economically insignificant. Therefore our Prime Minister responsible for our economic direction is only a righteous little Prick.
Remember some time back when John Key rubbished and demonised the Greens’ Russell Norman’s suggestion – to put it bluntly – print money instead of borrowing it from the banks as being cheaper and better for the struggling economy. In modern speak is is called quantitative easing. Everybody has been doing it, the US, UK, EU and all other leading economies sometimes dragged into it screaming. Even Switzerland not known for economic adventurism a couple of years back threatened to print as many franks as it would take to stop currency speculation hurting their economy. It did stop overnight with some speculators ending up with bloody noses.
Here however John Key killed any rational debate by just name calling Dr. Norman and the Greens as irresponsible economic lunatics. Who is the righteous little Prick then who knows better then the (mainstream) rest of the world.
The big contexts is of course austerity with New Zealand’s obsession with balancing the books at a time when the economy actually needed more spending. Thank God for the Christchurch earthquake where spending by the EQC and insurance companies carried us over the damage the government policy was doing to our fragile economy.
The damage of economic righteousness is now becoming more and more apparent when you have a righteous big Prick, in this case Germany, doing the damage. As the Huffington Post on 13 October headlines: Germany’s Austerity Obsession Could Take Down The Global Economy. Lately it was mostly the Southern European countries suffering under German righteousness. However austerity fever — egged on by a now-discredited research report that claimed government debt is bad for economies — has been hurting economies around the world since the Great Recession.
When is New Zealand waking up to the fact that this government did and does a lot of damage. Instead we still hail the the little Prick as the great helmsman who steered us successfully through the troubled waters of the global economy.
We said our piece. Now go back to sleep again New Zealand.