Looks like Kiwiland is sinking fast. OUCH! That's gotta hurt! No wonder they are sinking faster than the SS Andrea Doria, they are full of Democrats and their cockamamie ideas.
Wow, Professor Peabody! It looks as if New Zealand is run by a bunch of very foolish tax-and-spend liberal Democrats. No wonder their economy is tanking and on the rocks. "Labour leader Phil Goff appeared exasperated in Parliament yesterday as the Government continued to deny it was in any way responsible for the credit rating downgrade last Friday by two of the three main agencies, Standard & Poors and Fitch. The downgrade put New Zealand on a par with Spain - a country whose economy had been repeatedly described by noted economists as in serious trouble." If I lived in that basket-case country, I would move my fortunes to Germany or the United States after Obama is kicked out of office by the U.S. voters next year! This reveiw was very good. "Mr Goff said after the House that Mr Key should tell homeowners the truth. "He should stop trying to wriggle out of taking responsibility for his abysmal handling of the economy." The downgrade put New Zealand on a par with Spain - a country whose economy had been repeatedly described by National as in trouble. Mr English told Parliament that the view of New Zealand by the agencies was determined by its large external liabilities most of which was private debt. From 2005 to 2008 New Zealand's current account deficit was over 8 per cent of GDP which was almost a record for any country and households were spending about $1.11 for every dollar they earned." http://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=10756734
