Hard News by Russell Brown

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Hard News: Now It's On

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  • Gareth Ward,

    Meanwhile...

    As I've said elsewhere you could perhaps argue that all those acolytes who claim that "Key has run a global finance operation so can run the economy" should perhaps consider the very different risk profiles and implications between the global finance world and a political economy - as evidenced by the current blood on the marble floors.

    But Cullen's just rubbish at the "tenuous link for political points" - leave it to others mate. Oh, and Merrill wasn't a Lehman; it was still relatively strong and BOA actually paid a serious premium to get it.

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Gareth Ward,

    Oh, I see he said:

    "You don't want a gambler and short-term money market player who will risk billions and billions of dollars. We are seeing in the United States the consequences of that kind of mentality unfolding right now"

    Which is still absurd political OTTness but a little more rational.

    Were both the comments part of the same speech? And people are just cherry picking the lines they want? Or were they given seperately?

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

  • Craig Ranapia,

    As I've said elsewhere you could perhaps argue that all those acolytes who claim that "Key has run a global finance operation so can run the economy" should perhaps consider the very different risk profiles and implications between the global finance world and a political economy - as evidenced by the current blood on the marble floors.

    That's a worthwhile argument to have, Gareth. But I think over the next couple of months both Cullen and English are going to have some more pertinent and immediate credibility questions to answer. And I'm certainly going to be interested how Cullen intends to pay for all these major new policies Helen's promising -- along with whacking great tax cuts --, out of an "empty kitty". And much the same questions should be put to Bill English.

    North Shore, Auckland • Since Nov 2006 • 12370 posts Report Reply

  • Gareth Ward,

    I'm certainly going to be interested how Cullen intends to pay for all these major new policies Helen's promising -- along with whacking great tax cuts --, out of an "empty kitty". And much the same questions should be put to Bill English.

    Agreed - I'd like to think that those "fiscal constraints" will see an election that can't be run on buying the vote (beyond Labour's preemptive spendathon from this Budget and National;s insistence on a nice big number for tax cuts). Not so sure that we will unfortunately...

    Auckland, NZ • Since Mar 2007 • 1727 posts Report Reply

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