Reality check
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core lefty whiners who claim the answer to all the country’s current financial woes is to tax the rich even more.
As we waited recently for the Reserve Bank to announce its latest OCR decision, all we knew for sure was that the economy had hit a pothole and GDP had dropped 0.9% - in June.
That data was a full 3 months out of date by the time Treasury leisurely released it.
Even the Hound’s boss has full accounts for the month prior within a few days of month’s end.
Treasury employs 363 people and can’t do any better than 3 months!
Are they using an abacus to tally up the nation’s financial run rate?
If it’s true that the run rate on the ground is now better than the old data, it would be helpful to know now, not in 3 months’ time.
