Twenty years ago, there seemed to be some political alignments on both the left and right, being reflected on both sides of the world. These days – the world is more torn across the central divide. As the US ushered in a new era of left wing management and Barack Obama – the first actual human to be president since Abe Lincon perhaps – in that Obama did not come from any sort of privilege – New Zealand has voted in a very right wing government – National (i.e. conservative) is the party that now has the power, ACT is the king maker (although its credentials hang on the reputation of its leader – Rodney Hide – the yellow jacketed WASP – who gained popularity by slimming down, getting his teeth fixed and famously lumbering about on “Dancing with the Stars” – all good fodder for the mindless supermarket aisle press – who’s triumphant return carried the very right wing ACT back to power with Roger Douglas (the Freedman monitarist who out-Thatchered Thatcher) advising on Finance, no doubt – and of course the leadership of National – John Key – a stock broker who worked for Merril Lynch in New York trading currencies – these pointy head “economists” are going to dig NZ out of the looming recession by reducing taxes and slicing Government spending.
The New Deal the US has reinvoked with its democratic decision is historically the correct medicine. Key has spoken about investment in infrastructure – which is “new dealish” and will be very welcome in the difficult months ahead – as unemployment starts to rear an ugly face.
It is the end of NZ’s most successful Prime Minister – Helen Clark is destined for political sainthood in the form of a UN posting? Very likely.
DisturbingTrends welcomes the new National led government, with a hope that this political animal now out in the open will no longer camoflauge its intentions – political honesty is the best way to be reelected.
Prediction: The NZ dollar will again be overvalued and interest rates will rise? Or will it drop as foreign exchange dealers do not agree with the electorate. Bit early to see – but I wonder now if the FTA with the USA is going to be a casualty?