I would not be surprised if John Key loses the next election. He is making some big mistakes, and here is why:
1. He is a conservative government in a recession
2. He is advocating privatisation of assets during a recession when they are less valuable for two reasons; share market earnings ratios are lower and two because demand is subdued.
3. Selling the companies in a recession will mean that few poor folk will be able to participate in the profits
4. Track record - NZ sux at privatisation, so he is going to be brandishing that reputation for screw ups
5. He is a prior investment banker....and he has that 'smarmy' smile about him which tells you that he was a salesman, not an analyst. i.e. Not respect for facts; he just likes making money, as any middleman likes to do. Anyone with a respect for facts would not become a politician.
6. Labour will be making this an election on privatisation - about what happened last time.
Labour is also offering a tax cut to the poor which 'socialist' NZ will love. I have to say that this ought to have been a runaway election for the Conservatives. The problem is that Key is just too fleeting. One does not see a plan. One does not see him getting involved in social policy. He is more into the 5sec TV grab - 'got your quote guys...sweet!' sort of man. He needs to spend a day with Oprah. He needs a hug. This country is crying out for social reform.
No comments:
Post a Comment