So National are both so out of ideas and so desperate to take the spotlight off their Dirty Politics that they’re now promising tax cuts. Tax cuts straight after we have a panel of our most prominent economists warning that the ‘rock star’ economy is going to hit the rocks.
Our growth is unsustainable, as it is based on rebuilding Christchurch, and high dairy prices. And unless the government has another natural disaster in their economic plan and the dairy market goes up again, we’re not going to be getting wage growth or feeling the economic glow.
So Labour is cutting their cloth as Treasury update their forecasts. National are offering tax cuts to spend more… Which of these sounds like sensible economic management?
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Phil Twyford’s finding the Treasury and Australian Government reports (as on Checkpoint last night) shows National’s housing plan for what it is – a desperate grasp from an out-of-ideas government.
The reports were why National rejected the plan a year ago, as they show Australian subsidies that are almost identical merely raised house prices, and the benefit of the subsidy was to vendors, not first home buyers. And now National, having found nothing else to solve the housing crisis (‘there is no crisis!‘), are running with it anyway…
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Worth reading: David Fisher on Cameron Slater.
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