Labour's Welfare for Working Families bribe has transformed large swathes of New Zealand's middle classes into welfare beneficiaries. When introduced, National called it "a giant welfare package," which it is, said it is "a waste of money," which it has been, and pointed out that it trapped working beneficiaries into penury with an effective marginal tax rate of one-hundred percent, which it does.
Asked about it yesterday, however, Key confirmed National's Welfare for Working Families policy: "Me too."
Nothing has changed to counter those criticisms. What has changed is the National Party, who have now adopted every major policy that they've opposed for nine years.
Meanwhile, as credit dries up on capital markets -- and with no planned spending cuts from a Key-led government -- John Boy has confirmed against criticism that National "will not borrow to fund tax cuts." Notice however that he hasn't ruled out borrowing to fund so called "public investment," which was how Key justified its borrowing plans in 2005 to fund its promised tax cuts.
National: the opposition you have when you don't have an opposition...
UPDATE 1: How many ways does this flip flop violate National's so-called party principles? Let Lindsay Mitchell count the ways, and watch her effortlessly count to nine.
UPDATE 2: John Key, 2004:
Mr Key predicted the new system would have "huge behavioural outcomes" and he was concerned that employers would find workers refusing to do overtime or weekend work.
The effect of the Budget had been to push the disincentive far into middle New Zealand, he said.
"They've got the vast majority of people now trapped in a one-size-fits-all. We all pay one rate - it's communism by stealth.
"It didn't work very well for Eastern Europe and it won't work very well for New Zealand."
John Key, 2008: