It’s a bit late but I thought I’d draw people’s attention to the work Pundit’s Tim Watkin has been doing on the government’s stimulus package. Or more rather the work he’s been doing on the government’s re-releasing of already approved spending under the guise of a stimulus package.
Because the interesting truth is they’re faking it.
According to Watkin the “stimulus package” is mostly made up of preannounced spending such as the last Labour government’s tax cuts and the purchase of Kiwirail.
Yes you read that right, this government is so clever it’s managed to go back in time and convince the last government to buy the railways to help stimulate the economy from a recession that nobody at the time knew was coming.
Remember all that malarkey from the nats and their supporters about “train sets” and “block of cheese taxcuts”? Turns out it’s now the cheese train that they think going to pull us out of the recession. And it was all their idea. At least that’s what they’re trying to tell us.