Friday, March 02, 2007

Hubbard's 500 million

Old Mother Hubbard (aka the mayor of Auckland) "guessed" that his trip to Hamburg generated $500mln in trade.

Stats NZ give annual exports to Germany at $894 million. Hamburg represents 3.6% of the German economy, so according to my calculator you could (reasonably) guess our trade with that city at around $32mln.

Does Hubbard really think that his visit will boost exports more than ten-fold?

I really think he should go back to cereal making at the first opportunity - then he can make dumb decisions in his private business with his own cash. Or at least pay for his own jollies and junkets out of his personal fortune, not hit the ratepayers up for business class air travel.

(Told-you-so section: see

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