National was a vote for good economic times but a vote for Labour-Greens was risking bad times

Some things in what passes as our media are set in stone despite the majority of the population thinking it’s rubbish and the latest Westpac survey should be another smack around the chops for Labour and something our fourth estate should be aware of.

Consumers voted with their wallets at the weekend.

National was a vote for good economic times but a vote for Labour-Greens was risking bad times, according to a bank survey.

The latest Westpac McDermott Miller survey of consumer confidence shows 46 per cent expected good times for the next three years under a National government.

But under a Labour-Greens government just 14 per cent would have expected good times ahead, while 40 per cent would have expected bad times.

“The stark contrast in expectations of good economic times over the next three years under the two putative governments must have been a major factor underlying the return of a National-led government,” McDermott Miller managing director Richard Miller said.  

The question remained whether sustained confidence in the incoming National government’s economic management would mean greater consumer spending and economic growth.

The survey, taken before Saturday’s vote, showed overall consumer confidence has cooled from a “boil to a simmer” on rising interest rates and uncertainty before the weekend election. The Westpac McDermott Miller survey index was down to 116.7 this month, from 121.2 in June.

An index above 100 means optimists outnumber pessimists. It is the ninth quarter in a row that the index has been above the neutral 100 points.

David Parker may be popular amongst the media as a bit of a policy wonk, he is not and despite having 4 years to sort out straightforward detail on his CGT he has to leave it to an expert panel.

Nearly every policy release from Labour has had its numbers shredded within hours of its release over the last two years.

Labour, and the MSM, need to get a clue that a CGT is unpopular, it will not raise nearly as much money as they think, will make not a jot of difference to house prices and sends out all the wrong messages that Labour is a tax and spend party.

The public have nearly zero trust in Labour making a decent fist of running the country, not even all of their own supporters think they can. Parker should stand down.

 

-Fairfax


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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