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Speaker 1: Barry Sophet here, Hey, Barry, this recession is really bad.

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Speaker 2: It's dreadful actually, as you pointed out a new introduction, Ryan,

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Speaker 2: it's the worst since nineteen ninety one. That's a hell

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Speaker 2: of a long time ago. And it was engineered, of course,

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Speaker 2: initially by the Reserve Bank and Adrian Or quite openly.

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Speaker 2: I think he's done a better job than even he

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Speaker 2: would have ever.

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Speaker 1: Thought, and he performed his cap eyes.

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Speaker 3: Well, that's right.

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Speaker 2: But the thing is when you consider Adrian Or being

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Speaker 2: the Governor of the Reserve Bank, he was appointed against

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Speaker 2: all advice by Grant robertson and March last year, which

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Speaker 2: means his contract now runs until March twenty twenty eight,

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Speaker 2: so he's going to be around quite a long time.

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Speaker 1: Which is hard because you've got the guy who took

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Speaker 1: it too far in one direction now over correcting the

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Speaker 1: other way totally. It's not a nical situation.

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Speaker 2: Well, you know, on Tuesday, Treasury was increased its forecast

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Speaker 2: a bond insurance program by they said would be sixteen percent.

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Speaker 2: On today they're saying they'll have to issue one hundred

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Speaker 2: and forty six in bucks worth of bond, which is

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Speaker 2: essentially debt in the next four years. Now, the cost

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Speaker 2: of that debt, which is incredible, really little grown. This

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Speaker 2: is the annual cost year on year. They'll hit twelve

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Speaker 2: billion dollars in the year that Adrian or has expected

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Speaker 2: to step down.

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Speaker 1: It's because we're issuing so much all at once in

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Speaker 1: the space of four years. The price comes down, the

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Speaker 1: yields go up.

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Speaker 3: So we pay more.

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Speaker 1: Yeah, absolutely, let's go. Luxeen's going to not going to

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Speaker 1: White Haangy next year. And we surprised, No, not at all.

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Speaker 2: And I mean you saw the reception that the government

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Speaker 2: gets there, and you know, what's the point of him

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Speaker 2: being there. You'd have to ask the question. He said,

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Speaker 2: he talked to the White Tonguey chair today but he

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Speaker 2: got a pairy obviously pully poor reception from them because

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Speaker 2: they expected him to be there. But in the statement

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Speaker 2: that he wasn't going to go, he included you will

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Speaker 2: have seen the moves that have made format over the

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Speaker 2: past year, and that's one of them is they've advanced

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Speaker 2: eight treaty settlements. Now National has always done much more

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Speaker 2: on the treaty settlement front than labor EVI did.

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Speaker 1: Hey, we'll finish on Actually, Bill English didn't go and

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Speaker 1: a number of Prime Ministers telling Clark and John Key

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Speaker 1: both skipped the Loewham and I the T T I

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Speaker 1: because that's where it all kicks off. Is actually the

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Speaker 1: day before anyway, Peters has attacked to party Mary and

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Speaker 1: the House. This is during the German debout yesterday.

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Speaker 2: Well it was incredible really, I went back now to

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Speaker 2: listen today. The of course, all sorts of allegations are

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Speaker 2: being fired at the manual Era Marai and that was

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Speaker 2: the home of one of the well the chief executive

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Speaker 2: was the candidate for the Malori party that became successful.

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Speaker 2: Now the results of investigations about data from the census

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Speaker 2: being used to shore up their vote are The results

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Speaker 2: of those investigation will be known next year. The allegations

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Speaker 2: have been vehemently denied by the Maldi party and its

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Speaker 2: chairman John Timmy. Here he who Winston Peters certainly attacked

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Speaker 2: in parliament.

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Speaker 3: And you know why he doesn't practice law.

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Speaker 4: He got convicted of committing forging.

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Speaker 3: And unfering and he was told you'll get off, but.

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Speaker 4: Don't ever apply for a license to practice law. People

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Speaker 4: don't know that you're hearing for the first time what

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Speaker 4: Judith Collins knows, and I know, but you tell your

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Speaker 4: leader when you declare more on a party callers, you

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Speaker 4: know first there's going to be repercussions. The stands of

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Speaker 4: this Parliament have been dramatically deteriorated.

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Speaker 3: Victorisal to Bardimurray.

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Speaker 4: They come in there sometimes bare feet, no respect for

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Speaker 4: the institution. I've been over Caesar one hundred and twelve days,

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Speaker 4: but I've spent more than Parliament than all those Party

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Speaker 4: Murray altered together. What a displace, lazy idle, don't even

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Speaker 4: turn up for parliament, don't invetern pret secumitties, don't even

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Speaker 4: do their jobs properly, and they're getting away with them.

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Speaker 2: Yeah. Well, the next speaker was interesting, the co leader

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Speaker 2: of the Maudy part Partie Rivalry White at Tea. This

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Speaker 2: is his reply.

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Speaker 3: This house needs a but a fist of chill. Okay,

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Speaker 3: missus Spier. It's long been established to this debate that

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Speaker 3: this is what we could expect. It'll be good. Okay,

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Speaker 3: are you listening on your fenure? Truth? Is listening? A

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Speaker 3: terrible fly our t D t rise my ching on

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Speaker 3: stolen Moldy Lane. This year ain't been pretty toy two

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Speaker 3: T D t my three headed goose, but we know

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Speaker 3: the truth. My ching on stolen mody lane.

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Speaker 1: I'll tell you what he's not bad, said quite a

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Speaker 1: catchy tune, and it went on longer greatly, gym. It's

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Speaker 1: always a bit of a laugh, isn't it. I actually

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Speaker 1: thought the funniest speaker, not that they were his jokes,

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Speaker 1: because someone else would have written them, but was Luxe.

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Speaker 3: And I know he's looked at.

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Speaker 1: The Green Party said I'd like to acknowledge the Greens.

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Speaker 1: And then he looked at and he said, Julianne, no

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Speaker 1: need to get up, look on, I'll tell.

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Speaker 2: You lux It was in good form. And he was

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Speaker 2: at the Gallery party last night. Oh yeah, Wellington, who was?

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Speaker 5: He stayed on quite long, you know, I thought from

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Speaker 5: then a non drinker. He did pretty well there last night.

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Speaker 1: Did anyone embarrass themselves?

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Speaker 5: No, nobody us embarrasses themselves at gallery parties other than

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Speaker 5: Tory Farnel, which she used to work for the Greens.

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Speaker 1: Very so fa, thanks so much. At nine Away from

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Speaker 1: five New.

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Speaker 3: For more from Hither Duplessy Allen Drive, listen live to

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Speaker 3: news talks. It'd be from four pm weekdays, or follow

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