Posted on 04 April 2009. Tags: barack obama, Big Brother, bonds, borrow, budget, capitalism, central bank, class warfare, competition, competitive, currency, cut taxes, debt, depression, economic prosperity, Economics, expenditures, fiscal policy, free enterprise, free markets, free trade, globalization, government, government spending, growth, improving productivity, interest rates, John Key, laissez-fair, leftism, limit to what government can do, make country more productive, monetary policy, National, New Zealand, New Zealand dollar, Politics, populism, President Obama, prime minister, print money, productive, prop up growth, recession, redistribution, regulations, resources, Rob Viglione, socialism, spend, stimulus, taxation, taxes, trade, trader, transform the economy, Wall Street Journal, world leader, WSJ
New Zealand Prime Minister John Key speaks a strange language. It’s English, all right, even with an accent, but he is one of the only world leaders who is speaking of relaxing regulations, cutting taxes, spending within budget, and focusing on making his country more productive.
Rather than jumping on the tax, borrow, spend, print, populist bandwagon with nearly every other world leader, John Key’s solution to the tough times is to “use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.”
Key’s idea is to grow the country out of recession by improving productivity, not simply catering to populist calls for wealth redistribution, stifling regulation, and growth-inhibiting class warfare taxes. He calls attempts to use debt and money printing to “prop up growth” risky, saying that saddling future generations with debt could be counterproductive. He is one of the only politicians who states “There is actually a limit to what governments can do.”
At a time when governments are growing by leaps and bounds, and everyone seems convinced that Big Brother holds the keys to economic prosperity, it is refreshing to see a world leader (actually an ex-currency trader) embrace sound economic principals.
Key admits that New Zealand will not pull the world out of recession; it’s too bad other leaders lack such humility!
Here’s a link to the Wall Street Journal interview with Key.
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Posted in Economics, Politics
Posted on 26 February 2009. Tags: bank nationalization, banking, barack obama, Benjamin Netanyahu, bloggers and unions join forces, budget deficit, capitalism, Citigroup, climate change, collectivism, communism, cut spending, cut taxes, debt, democrats, Education, emperor, environmental regulations, federal budget, federal role in education, finance minister, free America, free enterprise, freedom, global warming, government runs economy, Health Care, Israel, King, leftists, liberal bloggers, liberal candidates, Obama king, President Obama, prime minister, Rex obama, Rob Viglione, royalty, smaller government, socialism, Socialist, taxing the wealthy, Treasury Department, universal health care
Obama spells clear shift to Socialism in budget, Israel does the opposite and pushes for spending cuts, lower taxes, and smaller government; U.S. moves to increase ownership of Citibank 30% to 40%, bloggers and unions join forces to push Democrats further to the Left, Congress makes health care top priority, Congressmen treat Obama like king, waiting 12.5 hours just to shake his hand…just the latest in your Freedom Under Fire Report! Continue Reading
Posted in Featured, Freedom Under Fire
New Zealand Prime Minister John Key speaks a strange language. It’s English, all right, even with an accent, but he is one of the only world leaders who is speaking of relaxing regulations, cutting taxes, spending within budget, and focusing on making his country more productive.
