Budget overshadowed by doom and gloom
Page 1 of 2 ....... 2:26PM Sunday May 18, 2008
By Ian Llewellyn
The historic nature of Finance Minister Michael Cullen's ninth budget on Thursday will be overshadowed by the current political and economic gloom.
Not since Walter Nash looked after the Government's books through the Great Depression and Second World War or Rob Muldoon's domination in the 1960's and 1970's has any finance minister overseen the writing of so many budgets.
But the history will mean little to the voting public who seem to be turning their back on the Government in droves as they tighten their belts.
Dr Cullen has promised a "response", but "no silver bullet" to the economic situation with a mix of mild tax relief with investment and social spending as a tonic for the economic chills.
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