The Mike Hosking Breakfast

Mike's Minute: The Treasury report shows why Labour won't win the election


Listen Later

I said earlier this week that the Government will be re-elected next year because, all things being equal, history tends to show you get two terms. 

Plus, the Opposition remain the same people who stuffed the place a year and a half ago and the pain of that, the closeness of that, is still real for too many of us. 

Unless of course they rejuvenate the party or say sorry – none of which is going to happen. 

This was all backed up by Treasury who, in one of their latest papers which is well worth reading, basically says the Government overspent. They were told not to overspend. 

And whatever spending they were doing should've been targeted and directly linked to Covid. None of that advice was followed. 

They sprayed money at a rate that equated to $66billion, or 20% of GDP, and when the worst was over they kept spraying. 

And here we are a couple of years later bogged down in their economic incompetence. 

The politics of it all is in full swing as Labour tried to blame the current Government for the mess. What's making that argument slightly complicated is the ongoing criticism, which is justifiable if you ask me, that for all the announcements and noise, this is a timid Government that really had licence to go for broke and they have largely chickened out. 

They have dabbled and poked and prodded and done some decent, common sense stuff. In just the past few weeks we've had changes to building products, garden sheds, speed limits, RUC's and NCEA. 

There is no shortage of bits and pieces but it's not transformational, hence the slow progress and the opening for Labour to have a crack. 

Labour are praying you forget all this is on them. But it is and the Treasury paper very clearly says so. 

They told Grant Robertson to tighten it up, to be disciplined, but socialists with majorities and egos are not for turning and so the ruinous money party was on. 

Writing about it doesn't fix it. But it is proof positive that this lot inherited one of the most ill-disciplined, ill-advised, arrogant, bungling, fiscal messes of the modern age and if you don’t believe the National Party, believe Treasury. 

Labour don’t have a leg to stand on. 

And the same people who did that to us are still there wanting you to forget and give them another crack in a years time. 

That is why they will not win. 

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

The Mike Hosking BreakfastBy Newstalk ZB

  • 3.9
  • 3.9
  • 3.9
  • 3.9
  • 3.9

3.9

12 ratings


More shows like The Mike Hosking Breakfast

View all
Nine To Noon by RNZ

Nine To Noon

24 Listeners

Sunday Morning by RNZ

Sunday Morning

10 Listeners

Saturday Morning with Jack Tame by Newstalk ZB

Saturday Morning with Jack Tame

1 Listeners

Heather du Plessis-Allan Drive by Newstalk ZB

Heather du Plessis-Allan Drive

13 Listeners

The Hauraki Breakfast Podcast by Radio Hauraki

The Hauraki Breakfast Podcast

30 Listeners

Weekend Sport with Jason Pine by Newstalk ZB

Weekend Sport with Jason Pine

4 Listeners

The Weekend Collective by Newstalk ZB

The Weekend Collective

1 Listeners

The Front Page by NZ Herald

The Front Page

20 Listeners

The Agenda by The Alternative Commentary Collective

The Agenda

12 Listeners

The OneRoof Radio Show by Newstalk ZB

The OneRoof Radio Show

5 Listeners

The Leighton Smith Podcast by Newstalk ZB

The Leighton Smith Podcast

94 Listeners

Smart Money by Newstalk ZB

Smart Money

1 Listeners

The Detail by RNZ

The Detail

58 Listeners

Matt Heath & Tyler Adams Afternoons by Newstalk ZB

Matt Heath & Tyler Adams Afternoons

1 Listeners

A Captain's Cup by Radio Sport

A Captain's Cup

1 Listeners

The Property Academy Podcast by Opes Partners

The Property Academy Podcast

27 Listeners

Between Two Beers Podcast by Steven Holloway & Seamus Marten

Between Two Beers Podcast

82 Listeners

Newstalk ZB ANZAC Centenary Tribute by Newstalk ZB

Newstalk ZB ANZAC Centenary Tribute

0 Listeners

Shared Lunch by Sharesies

Shared Lunch

8 Listeners

Kiwi Yarns by Stuff | Brodie Kane Media

Kiwi Yarns

14 Listeners

Sportstalk with D'Arcy Waldegrave by Newstalk ZB

Sportstalk with D'Arcy Waldegrave

0 Listeners

On The Front Foot by Newstalk ZB

On The Front Foot

4 Listeners

Holiday Breakfast by Newstalk ZB

Holiday Breakfast

0 Listeners

The Superior Sailor Series by Newstalk ZB

The Superior Sailor Series

0 Listeners

When the Facts Change by The Spinoff

When the Facts Change

11 Listeners

Rugby Direct by Newstalk ZB

Rugby Direct

3 Listeners

The Dom Harvey Podcast by Dom Harvey

The Dom Harvey Podcast

93 Listeners

News Fix by Newstalk ZB

News Fix

0 Listeners

The Big League Podcast by Newstalk ZB

The Big League Podcast

4 Listeners

Election 2023: The Front Bench by Newstalk ZB

Election 2023: The Front Bench

0 Listeners

All Sport Breakfast Canterbury by NewstalkZB

All Sport Breakfast Canterbury

0 Listeners

Sports Fix by Newstalk ZB

Sports Fix

1 Listeners

Football Fever by Newstalk ZB

Football Fever

0 Listeners

Sportscafe by Sportscafe Media x iHeartRadio NZ

Sportscafe

13 Listeners

Great Chats with Francesca Rudkin by Newstalk ZB

Great Chats with Francesca Rudkin

0 Listeners