Green financial n…n…nou…nous…nah

The four Greens who have put themselves forward to replace Russel Norman as co-leader have a bit of homework to do if they want to get up to speed financially.

They were interviewed on The Nation this morning and 3 News reports  Green candidates fumble financial questioning.

Three of the four candidates for the Green Party leadership have failed to answer general knowledge financial questions.

Co-leader Russel Norman, renowned for giving the environmentally-focused party financial credibility, is resigning his leadership.

Green Party MPs James Shaw, Gareth Hughes and Kevin Hague, as well as party co-convenor Vernon Tava, have thrown their hats in the ring.

And financial hats are not their strength.

Mr Hughes thought the inflation rate was around two percent. It’s 0.8.

Mr Hague thought economic growth in the last year was 0.25 percent. It’s 2.9.

Mr Tava thought the Official Cash Rate was 7.8 percent. It’s 3.5.

“That’s the sort of data I could just look up on my phone right now,” Mr Tava said in his defence.

It’s very hard to be on top of all things in politics but these are fairly basic financial questions.

Perhaps whichever of them becomes co-leader will hand over financial responsibility to Metiria Turei.

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14 Comments

  1. Ian McKinnon

     /  14th March 2015

    Why is it people support these fiscally ignorant losers? Like Labour, they reckon they have the ability to run our national economy, yet are incapable of answering even the most simple of everyday economic questions. One only needs to observe their personal economic achievements, and the answer will be none. The reason they go into politics is the salaries and perks, which they would be unable to earn on their own personal abilities . . . they are leeches.

    Reply
  2. Snails are people too

     /  14th March 2015

    Yep, Metiria is great with numbers as well. I heard her claim in the Debating Chamber last week “that more than 90% of kids in this country go to school without lunch” !!

    I wonder what she would have said the inflation rate was? 🙂

    Reply
  3. The Greens are a party of Environmental & Social justice issues.. the interview on TV3 ‘The Nation’ was more telling by the crap that Gower etc. piled on them.. because they didn’t have the latest economic stats. !
    Lisa Owen also seem to think it was really important to find out if any had ‘smoked a joint’ in the last 5-10 years.. as if that would really make any difference. BUT at least they all had the guts to admit they had.. unlike many Nats. etc. who would have us believe, they are squeaky clean & never do anything ‘wrong’

    Reply
    • Norman was promoting the Greens as a credible financial manager.

      I’d expect any party leader to have a reasonable idea what the current inflation rate was or what the official cash rate was.

      They talked about what they thought tax rates should be, if they don’t know basics how can they know what tax levels should be? They have to do better than “tax rich people more and give more to hungry kids”.

      Reply
    • Mike C

       /  14th March 2015

      @Zedd. I have always enjoyed reading your point of view 90% of the time 🙂

      But you’re way off the mark here. LOL.

      Reply
  4. Wow.
    This is really basic information. How on earth can a person consider policy if they don’t know this basic information? How can a person seriously consider, say, social policy, if they are ignorant of inflation or much incomes are growing? Gareth Hughes goes on about “inequality”, yet he is unaware of one the biggest drivers of inequality (such as inflation). Unbelievable.

    And this kind of basic economic data and analysis is provided to MPs every month by the Parliamentary Service. So for the Greens not to know this suggests that they are worryingly ignorant or just too lazy to read the material they receive.

    That none of the Green leadership aspirants didn’t have a clue on the basic state of the economy is depressing. And it wasn’t that they were slightly out – they didn’t have a clue and were out by an order of magnitude.
    Wow.

    Reply
  5. David

     /  14th March 2015

    How depressing, 147k a year and they were nearly cabinet ministers.

    Reply
  6. Mike C

     /  14th March 2015

    LOL. What a sad bunch of banana’s those Green Party Co-Leader contenders are 😦

    Reply
  7. alloytoo

     /  14th March 2015

    Norman is a economic illiterate, it’s hard to imagine his successors being worse……..hold on green party……*Shudder*

    Reply
  8. ‘Now then, one, two, three…have you an estate in Greenland ?’

    As Lupin Pooter used to say.

    Reply
  9. Mike C

     /  14th March 2015

    I just listened to “The Nation” repeat all the way through on RadioLive just now.

    None of the men who’ve put forward their names to be elected as Materia’s co-leader strike me as being anything special 😦

    Reply
  10. Pierre

     /  14th March 2015

    How much is 15 plus 6?

    Clue – not 17.

    http://www.ctvnews.ca/lifestyle/wedding-in-india-called-off-after-groom-fails-math-test-1.2277955

    Could the Greens do better?

    Reply

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