Wednesday, June 22, 2011

Damn lies and statistics

New Zealand's current Prime Minister John Key is, notoriously, a former currency trader, and his rabidly right wing elitist rich folks laddish Maori Party/National/Act/United Party Government, while pretending to be centrist, has been speculating with foreign exchange and interest rates under the guise of urgently borrowing overseas money to shore up their deficits. They've been borrowing 380 million dollars a week, and until recently using this terrible burden as their excuse to make preparations to hock off the family silver to repay the debts they were piling up. Turns out they needed far less than they were borrowing (100 million a week was being piled up somewhere, stockpiled), the word is they were just second guessing that future rates might cost them more (but hello, they'vre stacking up the interest NOW even if the rates do rise, they're racking up fees before they're necessary!) (More details on this con at The Standard.)

I wouldn't put that guy in charge of my household let alone a country.

This is not the only instance of poor maths in the "smiling assassin" (he got that nickname in the cut and thrust of the world of the money changers). Nothing personal mind, he's even a good bloke so his cronies say. And he's a multi-millionaire. But here is his priceless rebuff when he was challenged on the poor record of New Zealand's protection for the environment:

Is New Zealand really, as advertised, 100% percent pure, BBC's Hard Talk asked John recently.

Said Key, yes it is 100% pure "for the most part"...

"For the most part" NZ is 100% pure.


He was also 100% going to get the Pike River miners home to their loved ones.

He was also 100% not going to raise GST, but he did.
(Link to his election promise not to raise GST)

He's also 100% behind Christchurch and that could be the reason why they're munted.

Just who and what falls through the gaps if 100% doesn't mean 100%?

1 comment:

Isabel Doyle said...

quantum fluctuations applied to domestic economies?