I have said it once, I will say it a million times.
The Standard’s bloggers are a bizarre bunch.
…That was National’s response to a relatively minor recession in 1991. They let unemployment climb and climb (which was to their advantage, it weakened the unions and blew out the welfare budget allowing National to undermine work rights and cut benefits). National’s only solution, then and now, is to lower tax on the rich, as if we can spend our way out of recession.
Labour, in contrast, is looking at the experience of the 1930s.
I don’t recall when National cut taxes, but it sure wasn’t 1991. They only cut them after the books were put back in order, and we had a goverment surplus for the first time in 30 years.
That fiscal prudence has just been destroyed by Labour.
And what’s with this 1930’s reference? Do Labour really want us to go back 80 years when they’ve been screaming about going back only 10?
I don’t remember 1991, or the size of the resession that year. What I do remember is the doom-and-gloom headlines from 1989, when unemployment blew out. Labour did a fantastic job then, so with Helen still in the top 2 of Labour after 20 years, it’s asking a bit much to expect them to fix an unemployment when she’s now created two and fixed zero.