The Green/Labour bloc supported by Winston Peters has a chance to show they are a government in waiting on Monday. Fran O’Sullivan explains:
David Shearer, Russel Norman and Winston Peters will have an opportunity to present themselves as the “government-in-waiting” when they turn up to HamiltonJet’s premises on Monday to release the results of their parliamentary inquiry into the future of manufacturing.
The trio will endorse a range of prescriptions from “Manufacturing: the New Consensus, a Blueprint for Better Jobs and High Wages”.
Oh can’t hardly wait…the manufactured manufacturing crisis…which isn’t.
Mechanisms to deal with an “overvalued and volatile dollar” – which include making the dollar and jobs additional priorities for the Reserve Bank, not simply tackling inflation and tax credits, will be back on the agenda to spark R&D expenditure and you can expect to hear plenty of rhetoric about dealing to “speculators” who have invested in the property market instead of the productive economy.
The Opposition politicians will be presenting their report as a “blueprint for better jobs and wages”.
The dollar has dropped in value by 6.1% since they started whinging about it. David Shearer can now repatriate those millions in his offshore bank account for a tidy score. Is that not enough? What rate is optimal? What rate do these financial wizards think is best?
Over a four-year period manufacturing jobs have fallen by nearly 40,000 (16.7 per cent); the number of manufacturing businesses has dropped by more than 1300 (6.1 per cent); the annual value of manufactured exports was down by 12.4 per cent; and manufacturing profits fell by 17.4 per cent.
And we now know that the 40,000 figure is made up, thanks to Rob Hosking at NBR.
It will be interesting to see what heroic figure these muppets can conjure up to solve the “manufacturing crisis”.