It is difficult enough to manage a two-way coalition, but with the Greens’ kindergarten kids needed to get through most of the Labour/NZ First legislative agenda it will take a Machiavellian mastermind to make it happen and even Peters isn’t that.
Meanwhile the fallout was immediate. The NZ dollar tanked along with the stock market. Nothing frightens the financial markets like instability and instability is what we’ve got. So it was some amusement that I read this morning that Winston delivered New Zealand into the hands of the hard left because he sensed there is trouble brewing in the international financial markets and he believes fiscally irresponsible Taxinda is better equipped to deal with it than fiscally responsible National. On dear! We’re in for a rough ride.
Mind you, National deserves to be in opposition after the last three wasted years in government.
- It tinkered, disastrously, with the Resource Management Act making it even more rulebound and unworkable.
- It failed to make tax cuts with the excessive tax it had taken from the productive sector. It will be punished for this stupidity by having the surplus it generated redistributed in welfare payments to unproductive welfare beneficiaries, thus increasing their dependency on the state.
- It failed to slow the divisive Treaty of Waitangi Treaty gravy train. Instead it went out of its way to advance its racist, separatist agenda. National’s flirtation with the cause of Maori sovereignty through the imposition of race-based seats and billions wasted in race-based corporate welfare has cost them dear with the voters – me for one. It has also failed in its one big objective, to wrestle the racist Maori seats off Labour.
National needs to cut out its deadwood (Bennett, Smith and the hated Finlayson) and get back to basics of less government, less tax and supporting democracy and equality of opportunity. It is the strongest opposition ever under MMP with almost half the country backing it. The hard left ‘Coalition of Losers’ will have great difficulty pushing its programme through parliament and National will make major gains as the inevitable consequence of discontent with this new government. It only takes a 3% swing to National for them to govern on their own next time.
Peters has already withdrawn his promise of a referendum on the racially divisive Maori seats so there goes his support from voters like me who pushed him over the 5% threshold. NZ First will be goneburgers come the next election. He will get the blame and knows it but what does he care. This is his swansong.
But it’s not all bad news.
There’s some chance of a euthanasia law being passed by parliament now the Catholic majority in National can no longer block it, and a free market for drugs can make a start with the legalisation of cannabis. Prohibition never works. If people are stupid enough to indulge in drugs then let them, and pay the social cost through hefty (but not prohibitive) taxation. A whole industry of care for the brain addled can arise, complete with social workers, virtue signallers and the health service. The left will be in clover.
Other than that, there will be the inevitable squabbles over detail, they will waste billions of taxpayer dollars, increase the size of the welfare state, get us into even more debt and generally wreck the economy. If National cannot gain 3% in those circumstances it doesn’t deserve to form the next government.
Meanwhile we’re saddled with a bunch of losers