Winstonomics

Winston Peters shows why he should never, ever be allowed within touching distance of New Zealand's coffers; the Herald reports:

The Green Party and Labour have both admitted they cannot commit to buying back shares in state assets which are sold under National - but NZ First leader Winston Peters continues to claim it can be done and has proposed using funds from KiwiSaver or the Super Fund to do so.

At least the Greens and Labour are honest and realistic enough to admit that they will not be buying shares in the energy SOE's back. But no so the Caped Crusader otherwise known as Winston Peters.

Oh no Sunshine; Winston will buy the shares back, and he will use funds from the Cullen Fund to do it. But that creates a slight problem for Winston; given that he won't budge on the issue of eligibility for superannuation at age 65, where is the money going to come from to fill the hole in the Cullen Fund that Winston has created? And what will Winston's surviving constituency think of him when he can't pay their super every fortnight because he bought a whole lot of shares?

Way back in the late 1970's when Bruce Beetham strode the political stage with the Social Credit Political League's "funny money" policies, we saw a bumper sticker that read thus:

If Social Credit is the answer, it must have been a really stupid question

This morning we're wondering this; has Winston Peters' ill-thought-out brand of Winstonomics turned NZ First into the new Social Credit?