Nov 7, 2008

Why Labour Has Run Its Course

From today's NBR Editorial

"Instead of "transforming" the economy to make it leaner and fitter, Labour has pushed the economy to one of the most at-risk.

It condoned a housing bubble that in turn raised household debt in an unsustainable consumer boom.

Instead of greater prudence, lower taxes and savings policies not based on cash incentives, costs were allowed to rise on the back of a raft of local and central government impositions."

Fair summary. Who do you trust to manage the economy through tough eceonomic times?