Bennett David: Debate on Crown Entities Public Organisations and State Enterprises — In CommitteeText is incorporated into the Bound VolumeBennett David: Debate on Crown Entities Public Organisations and State Enterprises — In Committee[Sitting date: 14 May 2013. Volume:690;Page:9881. Text is incorporated into the Bound Volume.]DAVID BENNETT (National—Hamilton East):It is very disappointing to see the Green Party coming in here and trying to use the Reserve Bank Governor in that way. The Reserve Bank Governor has clearly said to the Green Party that its economic policy of printing money is not one to be favoured by this country going forward.Andrew Little: When did he say that?DAVID BENNETT: At the select committee. If Mr Little was a member of the committee he would know that. Mr Jones is a member of the committee. He is here and he will be able to set Mr Little right. But the Labour-Green policy around economics around printing money just will not work. It is fairly rich for the Green Party to come into this Chamber tonight and talk about an economic policy that it believes is the right one when it is actually the last resort that any country in the world should want to undertake at this time.It is also sad for the Labour-Greens Opposition that economic policy has been ceded from the Labour Party to the Green Party. The Opposition talks about issues such as the high New Zealand dollar. Well the dollar is high but that reflects the strength of the underlying value of the New Zealand economy. If you went out there and printed money and if the Government of the day went out there and nationalised its power industries you probably would end up with a 40c dollar because the rest of the world would look upon the economic policies of this country as being substandard and not in the best interests of the country going forward. That is not rational economic planning.This Government has made a very strong movement towards increasing the tradables sector of the New Zealand economy. The Green member Russel Norman in that last speech talked about a reduction in the tradable part of the economy. The Green member needs to put the facts on the table because I would like to see the facts from the Green Party rather than just rhetoric. Can it actually put those facts on the table to show a reduction in the tradable economy under this Government? No it cannot. The Green Party cannot produce the information that it uses for its rhetoric.I do not know why a strong Labour Party its history based in economic policy as well as social policy would cede such an important part of its election planks to the Green Party; to the Green members who come into this Chamber and spurt facts and figures that they have no basis for who talk about things around economic policy that the Reserve Bank Governor says it is not in the interests of New Zealand to continue with and that are not the policies that the New Zealand public wish to see. That will be the demise of the Opposition at the next election those far-left economic policies that will not work.On the contrary this party the National Party is delivering strong economic policies that are in the best interests of New Zealanders going forward. There will be a strong Budget delivered this week that will show that. Compare that with our neighbours across the Ditch who are going to deliver a very poor economic Budget tonight. That shows what happens when you get a left-wing Government running a country. The left wing does not understand the economy of this world. It does not understand how to run a domestic economy. The result—well look at the result tonight. I say to the public of New Zealand: compare the Australian Budget tonight with the Budget that we will present on Thursday. Compare that and it shows what will happen if you have got economic vandalism done by the left wing against good strong economic management by the right wing. That is the difference that New Zealanders will see this week. That is the difference that is out there. The political divide is quite easy to see.The Labour Party gets very upset when we talk about the deficits that their colleagues and brothers in Australia will be presenting tonight. That is because the Labour Party understands that that is a direct reflection of what their policies would do.Dr Rajen Prasad: Oh that’s rubbish.DAVID BENNETT: That is not rubbish it is the truth and that is what happens when you have got left-wing policies. The Reserve Bank of New Zealand has a very important role in our economy and the left wing takes a very dim view of that. They do not see the independence of that organisation. They do not support that organisation in giving it the tools to do what it needs to do. They are coming up with policies that are just not effective. This Government is delivering the right policies for New Zealand going forward. We are delivering that infrastructural investment that New Zealand needs as well.Report noted.