Subscribers weigh in on recession, mortgage hikes
Claire Trevett (Opinion, Tuesday): Within a fortnight, Reserve Bank governor Adrian Orr has apparently gone from zero to hero in the National Party’s estimations, courtesy of the utterances around his move to try to stifle inflation by ramming the Official Cash Rate up. A modern-day monetary Moses, this week Orr had made his sixweekly descent from the Mount Doom of the Reserve Bank to issue the latest OCR decision and his set of commandments.
Grant Robertson [is] quite possibly the worst Minister of Finance this country has had.
— Warren B If successive NZ governments didn’t pump the housing market we wouldn’t be in this mess. A lot of the issues NZ is facing are a direct result of the high cost of housing.
— John P
I wonder if Orr has seen the writing on the wall and, having secured another five-year term from Labour, is now positioning himself to work with National. Perhaps his sentiments have been with National for some time but he previously didn’t want to express this as it is Labour who was in control of his reappointment.
— Gary M
What a statement from Orr, “we have too much homegrown inflation”. Finally some honest commentary from the Reserve Bank Governor and nowhere to hide for Robertson and Ardern. Twelve months of misery ahead for Kiwis paying for this and 12 months of misery for this Labour Government, the perpetrators of the situation we are in.
— Paul E The end of the Labour regime has now been sown thanks to Robertson and Orr’s appalling handling of the economy. Ardern avoids any public gatherings where there is frequent protests and hecklers. The public has woken up to unfilled and unrealistic promises.
— Mark I The Government has no idea what the difference between key services and ideological or nice-to-have projects is. Even when trying they completely lack competence in delivering on key services despite spending huge amounts of money. Mental
health is a prime example of money being spent with virtually nil outcomes. NZ has been hit with a double whammy in the last five years; a pandemic and this tragic Labour Government.
— Potter O Labour wants us all to forget that those promising to fix the problems are the same people that caused the problems.