Economic Development Spokesperson
25 October 2012 MEDIA
It’s The Economy, Steven
As more evidence mounts of the problems facing the
economy Steven Joyce needs to stop pretending the country is
‘heading in the right direction’ and do his job of
developing the economy, says Labour’s Economic Development
spokesperson David Cunliffe.
role is economic development. That means he has to help
develop the economy. Instead he sits back and hopes it will
all turn out for the best despite even John Key admitting
the economy is set to get worse this year.
Joyce even refuses to accept the crippling effects of the
high dollar on our exporters and manufacturers. His currency
denier beliefs are destroying the economy, not developing
“There are 162,000 people looking for work in
this country, the manufacturing sector is in crisis, the
only industry treading water is the primary sector and a
thousand Kiwis are leaving for Australia every week.
“Steven Joyce’s claim that the economy is ‘heading
in the right direction’ is wrong on several fronts. Just
13,000 jobs were created in the last year, the performance
of manufacturing index and performance of services index
have both declined in recent months and the NZIER shadow
board has declared that the economy has ‘failed to
ignite’ and the exchange rate is ‘overvalued’.
“Like his leader and finance minister Steven Joyce is
far too relaxed about the economy, making up figures and
one-liners to gloss over the facts. He seems to think his
economic development role is hands off and only involves
shuffling bureaucrats around and printing glossy
“This is coming back to haunt him and
New Zealanders are demanding action.
apologies to Bill Clinton I have a one-liner for the
minister: ‘It’s the economy, Steven’.”
shadow board: http://nzier.org.nz/sites/nzier.org.nz/files/October%202012%20Shadow%20board%20release.pdf
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