One of the biggest dangers in politics is over-hyping.  It is hard to resist in this age of 24 hours news, and the need to keep the press gallery happy.  If we were to believe the media of recent days John Key’s opening statement was going to deliver the plan for a step change in our economy.  Key was to regail us with the plan, missing for all of the first year in government.

Well the postman has not delivered.  We have some vague promises on tax, and a lot of rehashed social policy.  An increase in GST, but no commitment to how he will compensate those on low incomes who will be the most effected.  There is a sudden interest in research and development, after having cut the $700 million  Fast Forward fund and the R+D tax credits.

For me it fails develop a vision for helping to create jobs, to develop the skills of New Zealanders and a sustainable economy and fairer society for the future.

UPDATE: Seems John Armstrong was not that impressed either. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10625081