Key’s ditched the surplus target that was so important – yet another casualty on the way to the brighter future. The Queen may have asked him why he didn’t see European contagion coming. More likely he is following George Osborne who has ditched “austerity for growth” with a panicked call for the banks to lend.
I think Shearer is right – this is just another excuse for a government that has no policy for growth – just a 120-item shopping list of stuff that has already been done or will make no real difference. No way to deal with a credit crunch.
As Shearer said at the weekend at Labour’s regional conference, Labour does have a plan for growth that will address the issues that matter and take the bold decision necessary for the future. David Parker’s been onto it as well:
New Zealand urgently needs to modernise our economy, with pro-growth tax reform, more savings to reduce ballooning overseas liabilities, more support for exporters and jobs, and tough decisions to deal with looming fiscal pressures.
“But all the Government is doing is selling assets. Changing who owns what already exists does nothing to improve our economy or exports.
“The fact that selling our power companies is the most significant part of this Government’s plan for the economy shows just how inadequate its plan for the economy is,” said David Parker.
I’d like to hear a lot more about that.