More economic illiteracy from our old friend:
Certainly given the rhetoric from the finance minister of late I’d thought the numbers would be worse than the Budget, not better.
Um, everyone knew they would be better. We’ve known for months. The recession was over earlier than expected and that improves all the numbers.
what was a stretch was [David Cunliffe] claiming National should allow ordinary Kiwis to “share the dividend” from the recovery when Labour for years refused tax cuts even when sitting on an enormous surplus.
I’ll forgive the fact that sentence is lifted almost directly from Tracy Watkins’ piece in the Dom this morning. But, um… Working for Families? Tax cuts? Health spending? Cullen Fund? Kiwisaver? Student loans? And if ordinary Kiwis shouldn’t “share the dividend” who should get it?
We’re still in debt, remember, it’s just that the debt isn’t quite as big as we thought.
Oh, so the need to pay down debt is an argument against National “sharing the dividend” with job creation schemes but wasn’t one against tax cuts when Labour was in power?
Partial asset sales should give the sharemarket and the economy in general a lift. It makes sense on so many levels
What levels would those be?
If you wonder where the media get such poor economic understanding from, you need look no further than the Finance Minister. Yesterday, Guyon Espiner was humiliated when he repeated figures from Bill English that didn’t add up and had to apologise live on air. Today, English told Parliament that wealthy people hadn’t got a tax cut under Labour, only the poor had – fail.
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