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  • The 1984 Election: =?UTF-8?B?TlrigJlz?= Own Near-Constitutional Crisis

    From Lawrence D'Oliveiro@21:1/5 to All on Sat Sep 7 08:08:29 2024
    Interview with Sir Geoffrey Palmer <https://www.1news.co.nz/2024/09/07/newsmakers-sir-geoffrey-palmer-reflects-on-1984-post-election-crisis/>,
    who was deputy Labour leader at the time, about the lead-up to, and
    immediate consequences from, the 1984 snap election, and the fact that
    Piggy Muldoon decided, Trump-like, that he was not going to be a
    gracious loser and go quietly. The incoming Labour Government made it
    clear they wanted to accept the Reserve Bank’s advice and devalue the
    NZD, but Muldoon was having none of it. Finally, his own deputy, Jim
    McLay, led a revolt of National MPs, demanding their leader do the
    right thing and acquiesce. And finally he did.

    Something else that I remember happening, after Labour officially
    became the Government, was the further loosening of exchange
    restrictions, allowing the floating of the NZD. Everybody expected its
    value to immediately go down, but instead it went up.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Lawrence D'Oliveiro on Sat Sep 7 21:23:24 2024
    Lawrence D'Oliveiro <[email protected]d> wrote:
    Interview with Sir Geoffrey Palmer ><https://www.1news.co.nz/2024/09/07/newsmakers-sir-geoffrey-palmer-reflects-on-1984-post-election-crisis/>,
    who was deputy Labour leader at the time, about the lead-up to, and
    immediate consequences from, the 1984 snap election, and the fact that
    Piggy Muldoon decided, Trump-like, that he was not going to be a
    gracious loser and go quietly. The incoming Labour Government made it
    clear they wanted to accept the Reserve Bank’s advice and devalue the
    NZD, but Muldoon was having none of it. Finally, his own deputy, Jim
    McLay, led a revolt of National MPs, demanding their leader do the
    right thing and acquiesce. And finally he did.

    Something else that I remember happening, after Labour officially
    became the Government, was the further loosening of exchange
    restrictions, allowing the floating of the NZD. Everybody expected its
    value to immediately go down, but instead it went up.
    Amazing really. Two constitutional crises in less than 5 years. Thank goodness the last one was disposed of a year ago, and this one is a storm in the proverbial teacup.
    Do you have any more "blind to facts", blatant left wing propaganda?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)