Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


More bad news: Dead cat bounce for manufacturing


More bad news: Dead cat bounce for manufacturing

After declining for three months manufacturing has just eked into positive territory, signaling a dead cat bounce, says Labour’s Economic Development spokesperson David Cunliffe.

“The figures just get worse for the Government. Their deficit is blowing out, their job creation target is way behind, job ads are down and unemployment is the highest in 13 years.

“Now manufacturing is suffering from a dead-cat bounce after declining for three straight months and has been in negative territory for almost half of the year.

“The worst news is that employment in the industry has dropped for five straight months. There’s no surprise unemployment is the highest since Jenny Shipley.

“The Government is out of ideas and can barely muster the enthusiasm to respond coherently. Bill English refuses to acknowledge bad numbers and says anecdotally the economy is fine. The finance minister cannot even agree with his own Treasury officials whether the current account matters.

“We need answers not anecdotes. John Key has admitted he admires the reporting of Fox News. That’s because Fox and this Government live in an anecdotal alternate reality.

“In the real universes in the last four years 40,000 manufacturing jobs have been lost. But the Government refuses to act. It is content to sit on the side-lines and watch as New Zealand’s manufacturing base slowly crumbles.

“The crisis in manufacturing is all too real and no amount of spin can change that.

“The Government m
ust join the cross-party inquiry into manufacturing and look for solutions.”
ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Legal Fudging Of The GCSB Revelations

As many have noted, the Hager/Snowden revelations of the spying by our security agencies on our Pacific neighbours and allies is a virtual re-run of the pre-election debate.

Unfortunately, it is also a forerunner of the kind of “ debate” we can expect during the upcoming review of the security agency powers, in June. It is a situation where the government (a) stonewalls, (b) baldly asserts that mass surveillance is not occurring despite the Snowden evidence that it is, and (c) claims that the GCSB actions were lawful.

Yet as Greens Co-Leader Russel Norman says, this can be true only if the legislation passed last year by the Key government has made the mass surveillance of New Zealanders – and the related handing over of their private data to the NSA – lawful. More>>

Latest:

 

PARLIAMENT TODAY:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news