Friday, May 29, 2009
Budget 2009, yay!
I'm only really writing this post to nudge the previous post down a little so it doesn't cover up the links to older posts. There's some really good analysis of the budget done by a lot of media commentators, especially Keith Ng on public address amongst others and so I'll refrain from trying to wax economics as I simply don't have the time. I will say that the budget had no real surprises, the cuts to the Cullen Fund are a downer but in all honesty I'm fairly sure everyone knew that was coming. Overall the budget has been described as a, "borrow and cross your fingers" budget, which is fairly correct although I would describe it more as a, "can't someone else do it," budget. It's quite clear that this has been National's plan to fight the recession all along, no ambitious ideas, no forward or progressive thinking, just cuts and wait for the rest of the world to sort their shit out - let's hope it works.