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Recall parliament to debate the economic and financial crisis
Bernard Hickey (October 19th, 2008) Writes:
Here’s a picture of a crucial period in our history.
The nation is at an unfortunate but not completely unusual political and economic crossroads. New Zealand is having a financial crisis at the same time as an election campaign. Big decisions that affect all New Zealanders for a long time will have to be made in the heat and smoke of an election campaign while it is unclear exactly who is in charge.
The protagonists are a Prime Minister who has ruled the machinery of government with a velvet gloved fist for nine years and a popular newcomer who is widely expected to win. The Prime Minister’s attacks on the newcomer have become vituperative and personal. The Prime Minister has successfully bullied and corralled the ruling party and the mandarins in the bureaucracy into accepting the Prime Minister’s views. The Prime Minister appears to be personally driving economic and financial policy.
...Bill English, Black Rob, cellular telephone, Christmas, David Lange, deposit insurance scheme, Depression, Finance and Expenditure Select Committee, Helen Cark, Helen Clark, inter-bank markets, International Monetary Fund, John Key, Kevin Rudd, Labour government, London, machinery, Michael Cullen, New York, New Zealand, New Zealand, NZD, Recall parliament, Recalling Parliament, Reserve Bank Act, Rob Hickey, Robert Muldoon, Roger Douglas, Treasury, wholesale bank deposits
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