Even Westpac says the policy sucks

[Imported from Whale Oil Beef Hooked on Blogger]

In an highly unusual move today Westpac Chief economist Brendon O’Donovan has slayed the Labour Party Student Loans Bribe.

They have calculated that this BRIBE would cost not $100 million – $300 million as Labour has fibbed. In actual fact it will cost over $1,100 Million or ONE POINT ONE BILLION DOLLARS each and every year.

Labour has simply developed this policy on the hoof and it is so bad that a major bank has seen fit to enter the fray. This is almost unprecedented.


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