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Interview: Labour's David Cunliffe talks on banking inquiry, monetary policy and tax reform
Bernard Hickey interviews Labour Finance spokesman David Cunliffe about the opposition's banking inquiry, the Reserve Bank's use of alternative monetary policy tools and the government's drive towards tax reform. Cunliffe questions the government's consideration of a higher GST, says Labour will work with National on tax reform that doesn't hurt struggling families and congratulates the Reserve Bank on its recent push to find other ways control the housing market.
14 Comments
It does make me wonder
It does make me wonder where he was during 9 years of Labour government.
at 6.30'ish - "maybe they
at 6.30'ish - "maybe they won't get to enjoy such an ultra-orthdox monetary framework forever."
The problem is they, we all, have been enjoying this "ultra-orthdox monetary framework" for too long. Look where it's got us?
The issues highlighted in this work have been known for a good while and given the language and fudgey intentions(?) verbalised here I suspect no more LEADERSHIP to be shown by the Opposition on these issues, any more than they did while in government for 9 years.
Dismal.
Logical Dave, he'd have been
Logical Dave, he'd have been my pick as Helen's replacement in light of Steve Maharey's decision to exit Parliament. A quiet achiever - and a real commonsense, non-dogmatic approach - coupled with a high intellect.
@ Logical Dave Let's be
@ Logical Dave
Let's be fair. The current conditions are very different from the period while Labour was in Government.
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Logical Dave, he was destroying
Logical Dave, he was destroying the Telecom share price, which hurt a lot of Mum and Dad shareholders, and caused many people to be turned off the sharemarket. Hence our sharemarket is now a joke and not a place to invest in.
No ones said it...What is
No ones said it...What is he wearing.
Sadly I cant watch the
Sadly I cant watch the vid until tommorrow, my daughter was off school sick and chewed through our broadband allocation, I hope given the chance Bernard might have asked the questions I have asked him to ask, did he, someone tell me?:
--Bernard I waited an age to ask John Key a question re Govt Bonds when he was on Radiolive the other day, but I got passed over, maybe next time I will just tell them I want tell him how much I love him and I might get through the screening process, but I was kind of hoping next time you get one of your frequent opportunities you might ask John or Bill given that we are going to issue $55 billion govt bonds and start a local govt bond bank to issue a further $30 billion, could they please tell the people of NZ exactly what a govt bond is? what role they play in our economy? who has the right to monetise them before they do or dont sell them onto the secondary bond market? what do they use to monetise govt bonds? and if any of his answers involves the US Federal Reserve, please ask him what his role there was when he provided his services there 1999-2001
Rob, I think Theresa Gattung
Rob, I think Theresa Gattung probably did more to influence the Telecom share price. Although an excellent CEO for a time, she made some fatal errors in the last year. I got the feeling she couldn't shake the idea that she really might have to compete in future - hence she dug her toes in on the fight with government over infrastructure access and lost the plot on being a good, innovative service provider.
Some of her best technical people became very disenchanted with the political stance she was taking.
David Cunliffe comes off as
David Cunliffe comes off as a very sensible thinker in this video. He could have been more aggressive and fought Phil Goff for the leadership of Labour party. I think he is a man to watch.
I finally got broadband back
I finally got broadband back and watch the above interveiw.
Here is another seemingly intelligent man going round and round the rosemary bush, another one ignoring the fact that the carburretor is out of tune and all you talk about past that point ain't going to effect the current order of things in the slightest. He touches on the self regulating financial sector mantra that they can be trusted to self regulate because the current participents in the markets wouldn't want to ruin the future of the markets, to this I say "bullshit" the current participents don't give a stuff about what is left behind when their current plundering is complete and that implication that that acts as any constraint on their criminal actions in any way is bunkum.
Those that read my submission to this inquiry will no that I supplied irrefutable evidence from the very mouths of the major players and institutes surrounding exactly how our money supply enters circulation and our relationship with the privately owned international central banking network via the NZ Debt Management Office, yet it was completely plastered over in the report, why?
http://publiccreditorbust.blog.com/2009/08/31/iain-parkers-submission-to...
He says we must investigate who loses in the rising of GST, the answer is already known, the very same people who were supposed to lose by design when the financial sector was exempted at its introduction. At introduction the financial sector knowing full well that the imposed structural adjustment's of 1984's repayment crisis and subsequent receivership would see the financial sector activity far outstrip the real sector and much of that activity would be very infrastructure lite, worked with their government co-operatives to exempt GST on financial goods and services in exchange that the financial sector would not claim rabates on real inputs. The financial sector have benefitted massively from this as the virtual has overtaken the real:
"¢ All Goods (no exclusions)
"¢ All Services (except Banking or
financial transactions)
"¢ The rate for Exports is zero (there is a
difference between a zero rate and
exemption)
"¢ Domestic Tax only
http://www.dsanz.co.nz/taxation/WFDSA_Congress_Presentation.pdf
Read the above then read below for the classic example of a financially illiterate public representative not knowing when he is being deceived, thus the financially illiterate majority being deceived in turn:
"Banks will escape about $40 million worth of goods and services tax a year under GST changes announced by Revenue Minister Michael Cullen yesterday."
http://www.nzherald.co.nz/company-taxation/news/article.cfm?c_id=691&obj...
Its like sending "Dads Army" out on our behalf to stop a widescale military invasion. The majority have the right to be fully informed so as they can make an informed opinion as to whether we unite and stand up to this imposed debt slavery or we remain prostrated. I would pick that when fully informed the majority would adopt the same bravery that saw them pay the greatest price in the name of freedom when given the choice in the past. The sad thing in those cases when they did not have the open access to evolving history that we have today, those poor souls were many times forced to fight to the death under only the guise of freedom when in-fact at the core of it, it was nothing more than the balance of power struggles of the elite's or for the profit of the banking corptocracy that financed all sides in conflicts:
"George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy."
http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar
Ain't wider history grand, no wonder most nations have 50 non-disclosure on official documents, thats those that keep them at all.
David is wearing a "I
David is wearing a "I love New Lynn" tee shirt. He is the MP for New Lynn.
He was very gracious and came in at short notice on his day off for the interview.
I enjoyed the casual approach when talking about some very serious subjects.
cheers
Bernard