4 Oct 2008

Irony or Truth? The Gambler & the Casino.

A couple of postings ago I wrote an analysis of the National Party's economic policies and the supposed economic management expertise of their present finance spokespeople. In that posting I commented on the parallels that exist between riverboat gamblers and the money "traders" who gamble on the money markets.
I noted that the leader of the National Party made his reputation working for Merrill Lynch as a gambling speculator on the NZ dollar during the 1980s. Other bloggers have noted that the gambling on the NZ dollar at that time almost caused a collapse of the NZ economy if the Reserve Bank hadn't intervened.
It is, therefore, with great interest and a sense of the heavily ironic that one notes that the National Party with its "Great Gambler" at its helm is to launch its official 2008 campaign at The Sky-City Casino in Auckland on the 12th of October.
It is, perhaps. fitting that a political party with its roots deeply embedded in speculation, in money market gambling and other gaming activities should decide to associate itself with a Casino as it attempts to persuade the N.Z. public that it has a rational, well thought through and non speculative set of policies that would fit it to govern the country responsibly.

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