A famous quote from Keynes:
When the facts change, I change my mind. What do you do, sir?
This is what John Key really needs to say about the “revelation” that he wouldn’t increase GST in 2008.
John Key now knows that increasing GST and reducing income tax is seen as a way to improve economic efficiency – so he is willing to do it. When he said they wouldn’t do it, it was because the facts he was labouring under were different.
Criticising him on the basis of a speech in 2008, before the impact of the great financial crisis was clear, is petty – shame on the politicians, and other members of society, indulging themselves in this.