The Labour dim bulbs just don't have enough brains to know when they are being suckered.
While Mallard re-invents his tired 'policies written in Washington' story, re-branded as 'assets being sold to Ockers,' Cullen tells the Greens that he bought the train wreck for 'environmental reasons' and every man and his dog screams 'National will sell state assets.
At the same time as all this high pitched squawking is going on, Cullen is spending every last penny of nine years' surpluses to ensure there's no money for National in 2009.
John Key will be rubbing his hands with glee.
Because Cullen is setting the scene for public approval of the biggest asset sales programme since 1985.
By early 2009, the economy will be in much poorer shape than it is now, petrol prices will have risen to $2.50, interest rates will remain high, food prices will be up another ten percent, about 5,000 more jobs will have been lost and middle income Kiwis will be facing starvation or foreclosure. Most, if not all, of these problems are a direct result of Cullen's blinkered and ideological economic mismanagement - predominantly his failure to reign in massive growth in wasteful government expenditure.
Under those circumstances, John Key will announce an emergency mini-budget in which excise on petrol will be slashed, income tax further reduced, the RBNZ inflation criteria extended to 5.0% for two years, all pseudo government departments abolished immediately, government department staff numbers reduced by a huge 20% and selected state owned "assets" sold, with proceeds directed to funding the infrastructure necessary to pull us out of the mire.
But, but, but what about the milk solids bonanza? I hear you ask.
Well indeed, what about the milk solids bonanza?
You don't seriously think all those cockies are going to pay tax on it do you? No, cockies don't pay tax. They pay accountants instead. They'll go out and borrow to the hilt and buy more land - no matter what the interest rate - rather than pay tax.
That's the way it's always been.
There is a new Woodpile Report up
2 hours ago