May 26, 2008

Watkins On Cullen

Tracy Watkins writes an interesting analysis of the politics around the budget on page B5 of the Dominion Post (it is not up on Stuff yet). We tend to agree with pretty much everything she is saying. We agree particularly on the surprise "surprised" reaction from the markets when Cullen delivered a tax cut of exactly the size that the RB had been predicting. Likewise we agree fully that it was Cullen's intention to move the debate back to spending cuts, government debt and asset sales.