National are seen by many as the party of business, and thus the party of the economy, who know what’s best for the country’s wallet.
But the statistics don’t add up. Their reputation is undeserved in every way.
Trevor over at Red Alert has an excellent post showing how National have shrunk the wealth per citizen by 3.2% in their 3 years in government. And they’ve got us nigh on $40 billion further into debt to achieve that. Yes, Christchurch was $9 billion of that, but the rest? National incompetence.
While John Key has set a new record in the era of the 2 big parties for shrinking the economy, National’s credentials are long established – they’ve always grown less than Labour. Bright Red set it out clear here at The Standard back in July.
It would appear that National’s thinking is that what’s good for business is good for the country. Reality has it that they’ve got it the wrong way around: what’s good for the country is good for business.
If we put money in the hands of the many, it means there’s money to spend and grow businesses. Put money in the hands of a few business owners, and there’s no-one to buy their goods and services.
And so, after 2 rounds of National tax cuts for the few and raised GST for the many, we see wages that are worth 6.6% less than when National came to power. Record numbers heading to Australia. A country struggling to get out of recession. A large amount of new debt, after Labour had got us into net credit for the first time since 1870.
And now a high chance of a triple economic downgrade.
Although this post should be covered by the opinion section of electoral law and shouldn’t need authorisation, here’s mine anyway, just to be safe:
Authorised by Ben Clark, 54 Aramoana Ave, Devonport