Labour’s String Pulling Won’t Fool Anyone

Press Release by ACT Leader John Banks

Wednesday, June 19 2013

The back down by the Greens on their policy to print money is a nothing more than a sham, forced upon them by Labour in a transparent attempt to hide the Green’s economic foolishness, ACT Leader John Banks said today. 

“Labour knows that printing money is a policy of last resort for countries with nowhere else to turn,” Mr Banks said.

“It’s inflationary, erodes savings, reduces the real value of wages and hurts those on low incomes the most.  

“No party with any economic common sense, especially one that fancies themselves as part of any future government, would suggest printing money as a cure for New Zealand’s economy.  

“That’s why Labour forced the Greens to drop the policy – to try and shake off some of their economic kookiness that will scare the voters off. 

“While the Greens may have backed away from the policy for now, there is no doubt that they will put the policy back on the table the first chance they get. 

“Labour knows it and is trying their best to hide it - but it hasn’t fooled anyone.

“No matter how Labour tries to spin it, a coalition government with the Green Party puts our economy at risk. 

 “New Zealand can’t afford to have the Green Party near the levers of power,” Mr Banks said. 

ENDS

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