This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.
Jul 16, 2008
People Need To get Real
We are in recession and it is going to hurt. Tax cuts might help a little, but some of the policies being proposed could make things worse. For things to get better we are going to need a lower dollar and lower interest rates. Big wage increases and increases in Government benefit payments will delay interest rate cuts , and rather than relieve the pain will extend the time before interest rate relief occurs. Some of us were pointing out the consequences of out of control Government expenditure years ago. What a shame we were ignored and the chickens have come home to roost in election year!