Jacinda’s dodgy graph

JANUARY 31, 2020 3:37PM BY DAVID FARRAR

 

The PM has been using this graph a lot. She used it in presentations. And on Facebook.

But it is misleading as hell. And remember this is the PM who just days ago said she wanted a truthful election campaign.

Here’s the two most dodgy parts of the graph.

  1. The figures for National have the revenue from partial asset sales deducted from them. It is net capital flows, which is quite different from gross capital investment. So that’s a $4.6 billion difference.
  2. The figures for Labour include transfers to the NZ Super Fund. That makes up $12.5 billion of Labour’s capital investment. A transfers to the NZ Super Fund to invest in global sharemarkets is not the same as investing in roads, schools and hospitals here.

The PM is trying to fool people into thinking Labour is spending more on infrastructure. In fact Labour’s capital spending in in 2018 and 2019 was less than National was projecting the the 2017 PREFU. Labour spent $300 million less than National was projecting in 2017 and $900 million less in 2018.

Sadly one can’t complain to the Advertising Standards Authority about Jacinda’s dodgy graph because she is only using it on her Facebook page and in presentations.

Let the truth be seen

In the interests of factual campaigns, here’s confirmation the 4 lane highway from Whangarei was funded by the last Govt, not quite what PM & Peters keep saying. I could keep going on other projects cancelled then reannounced but thought I’d start with one at the top of our map

 

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Burnside Says

Its said that this announcement will give certainty to the civil contracting industry over the next 10 years which will enable it to train and retain a skilled workforce.

This sounds fantastic unless you look at it again. These projects (and others not included like Mt Messenger) were all in train and funded, scheduled to go under the previous Government and many would’ve been half built by now providing that continuity.

Except that there’s been a massive lull in works after Labour cancelled nearly all of them – just for this opportunity to bribe the electorate.

Now the hook: The timing means that none of them will be started before this September election with the uncertainty that will bring to ALL industry. Labour will imply that if they’re not re-elected the projects won’t go ahead and skeptics like me who’ve seen it all before will know there’s an even chance they won’t go ahead even if they are re-elected.

A National Government will be little better. They’ll get in and go Jeez, the books are terrible, we’ve got no money to do these projects and may well cancel the lot – even though they’ll have pledged to carry them on if elected -to keep them for a lollie scramble on another day.

So thanks a lot you useless b@stard politicians playing your politics with our livelihoods and kids’ futures. They can’t get industry training and employment if the industry has no continuity and this rips whatever confidence we might’ve had clean away.

?BREAKING ? We’re building on our progress from the last two years and future-proofing our country with the Big New Zealand Upgrade. More ➡️ labour.org.nz/nzup

Posted by New Zealand Labour Party on Tuesday, 28 January 2020