No wonder NZ hobbits move to AUS: better economy than USA

LOOKY... Australia is doing all right, mates...
Even NZ better than USA right now? ... CRIKEY

So have you heard America's credit rating was just downgraded?  Another shining example of  Obumbles 'n' crew economic policies to continue the spend-spend-spending spree!  Are lefties incredibly stupid or just plain evil?  And beltway Republicans ...?  Squishy RINOs the majority of 'em - just going along to get along.  Status quo in Washington prevails.  Bleeeeeeech...

You of course heard the USA stock market crashed last week?  Fear based I presume because of the credit downgrade...  Here is what an outspoken (awesome!) American business woman Amilya Antonetti says she wants when talking to Neil Cavuto on FOX news:  an apology (hahahaha... an apology from know-it-all leftists?  like THAT would ever happen!)


Hey, Amilya, you rock it lady but you and the AMERICAN BUSINESS WORLD all should know: things won't truly changed until 2012 when real leadership will emerge.  To quote Amilya "cash is king".  American businesses will ride out the horrible policies from this White House best they can until 2012 comes, the evil is purged and America starts on true path of restoration.  ... Just my opinion of course.

At least the Republican majority in the house of representatives are sorta, semi-trying to slow down the speeding car. (some of 'em... kinda sorta - Ryan's path to prosperity has merits) The car is still headed towards a cliff though.  From Aug 1, 2011 "Sen. Rand Paul issued an open letter on the subject of the debt ceiling compromise facing the Senate. Below is that letter.

To paraphrase Jim DeMint: When you’re speeding toward the edge of a cliff, you don’t set the cruise control. You stop the car.

The current deal to raise the debt ceiling doesn’t stop us from going over the fiscal cliff. At best, it slows us from going over it at 80 mph to going over it at 60 mph.

This plan never balances. The President called for a “balanced approach.” But the American people are calling for a balanced budget.

This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt."

Read the rest here. Thank you for opposing the debt ceiling increase Senator Paul.

So back to NZ hobbits:  many New Zealanders move to Australia.  My husband and I saw a home improvement show last week based on UK people moving to Perth.  We thought, gee, that could possibly be a nice warm area to move to if NZ economy trends downward.  NZ's ETS will hit farmers hard - I believe starting next year.  25% of NZ exports based economy is farming.  NZ needs its farmers to do well on the world stage... but the farmers will incur much higher costs with the ETS.

Farmers are scared and they should be.  The NZ labour party wants farms to pay more taxes and give more money to gubmit!  From a May 2011 3News article Farmers hit back on Labour tax claims:

"We need to set this straight. Our figures show that on average approximately $300 million tax is paid per year by dairy farms, not $26 million as claimed. This includes companies, trusts and partnerships,” said Dairy NZ CEO Dr Tim Mackle.

"The 2009/10 figures reported are also distorted by the fact many farmers received tax refunds for overpayment of tax in relation to income for the previous year - that is, their earnings were less than anticipated, because it was such a bad year."

Dr Mackie said it was wrong to use tax as an indicator of how much dairy contributes to New Zealand's "economic health".

"The most important impact is at the level of our contribution to foreign exchange earnings - the fact we account for over 25 percent of total exports means we have a huge positive effect on New Zealand's balance of payments, which in turn greatly benefits the country’s economic position and influences factors such as interest rates. As the recent NZIER report demonstrates, an extra dollar of payout means every man, woman and child in New Zealand is $270 better off."

Hey NZ farmers, your gubmit is simply following the UN's line: tax your citizenry to combat the non-existant man-made global warming "problem" and line gubmit coffers with cash-ola.  You must follow zee marching orders NZ! 

tour:  Hobbiton in New Zealand

*Sigh* ... Time for investigating a possible future hobbit move from Auckland to Australia for hubby and me - unless ozzies implement a carbon tax - then forget it...  I wonder what living in Austria would be like?  hmmm