Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

National doublespeak on the economy ‘a farce’

16 September 2008

National doublespeak on the economy ‘a farce’

National is showing exactly why it can’t be trusted with the economy by promising $50 a week in tax cuts yesterday and then attacking ‘reckless spending promises’ today, Finance Minister Michael Cullen said.

After a weekend that saw John Key talk-up the value of his experience at Merrill Lynch, Bill English repeated yesterday Mr Key’s promise to deliver $50 a week in across the board tax cuts over and above what Labour is delivering.

Then awaking to the news from Wall Street overnight, Mr English has issued a statement today completely reversing his position, saying the financial sector troubles mean reckless spending promises cannot be afforded.

“The challenges facing the world economy are serious and they are happening right now,” Dr Cullen said. “When you are in government – or when you are trying to convince people you can be trusted with government – you have to be very careful with what you say in this sort of economic environment.

“Yet Mr Key and Mr English can’t keep their story straight from one day to the next. They also seem to have locked down their tax cut plan even ahead of the opening of the government’s books at the pre-election update – a move that can only be described as reckless.

“John Key’s plan to borrow for tax cuts exposes the exact sort of short-term, risk taking behaviour that got his friends at Merrill Lynch into trouble.

“Mr Key himself raised the issue of his Merrill Lynch experience just this weekend as some sort of proof that he can be trusted to run the economy here.

“In the recent past, he has even tried to imply he ran the whole company saying:

“I came from running a very, very large company when I was at Merrill Lynch”

“He has invited scrutiny on these grounds and I welcome the opportunity to pick up that challenge.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog