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May 19, 2026 2 mins

So let me get this right, just so we know where we’re at. 

The Labour Party —who, I'm assuming, still want to be taken seriously this election— have had a major issue up to this point. 

They have no policies. 

The one policy they do have is a new tax, and the money from that new tax will pay for all of us to go to the doctor three times. 

Even though a lot of us —to be frank, probably most of us— don’t actually need the state to pay for a doctor’s visit. 

Their other policy we sort of knew about was the Future Fund. 

It would contain SOEs, whose dividends would go into it to create jobs and grow the economy. 

Update on the Future Fund: we aren’t going to know about that until after the election. The good news is they’re not winning the election, so it sort of doesn’t matter. 

But they will make it even harder to have a crack at winning the election now, given voters sort of want to know what stuff costs, especially large stuff. 

Further trouble is that the hold-up is they need advice on "Treaty obligations". 

That’s right, bogged down yet again in matters Māori. 

Originally, they told us the SOEs involved were commercially sensitive, now it’s Treaty troubles. 

Previously, Chris Hipkins said this fund would create jobs. Yesterday, Barbara Edmonds didn’t know how many because that would depend on what the fund invested in, which SOEs were in the fund, and what advice they got around Treaty obligations. 

So no job stats, no cost stats, no real detail on who’s in and who isn’t on what they call one of their cornerstone policies. 

So no policies, until there is a policy. But it’s sort of a secret policy that, if you vote for us, we’ll tell you about after the election. 

Small question at this point: do they honestly believe we are that stupid? That this is any sort of way to conduct an election campaign? That this is any sort of excuse this close to an election? 

Are they smarter than we think and this is basically their white flag, because they don’t want to be in Government anyway? 

Part of what haunts them from last time is their inability to actually do anything apart from spray money. 

They talk. They don’t do. 

Three years on they have clearly learned nothing. 

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Speaker 1 (00:00):
Let me get this right, just so we all know
where we're at. The Labor Party, who I'm assuming still
want to be taken seriously this election have had a
major issue up to this point. The issue being they
have no policies. The one policy they do have as
a new tax, and the money from that new tax
will pay for us all to go to the doctor
three times, even though a lot of us, and to
be thanked, probably most of us don't actually need the

(00:21):
state to pay for a doctor's visit. Their other policy
we sort of knew about was this Future Fund, and
it would contain the soees whose dividends would go into
creating jobs and growing the economy. So update now on
the Future Fund. We aren't going to know about that
until after the election. Good news is, of course, they're
not actually winning the election, so it sort of doesn't matter,
but they will make it even harder. I would have

(00:43):
thought to crack a winning chance at the election now,
given the voters sort of want to know what stuff costs,
especially large stuff. Further trouble is that the hold up
is they need advice. Apparently we were informed of this yesterday.
They need advice on the treaty obliger. That's right, bog
down yet again and matters maori. Originally they told us

(01:04):
the sees involved were commercially sensitive. Now it's treaty troubles.
Previously Chris Hipkins said the fund would create jobs. Yesterday
Barbara Edmonds didn't know how many jobs, because that would
depend on what the fund invested in and what SOEs
were in the fund and what advice they got around
the treaty obligation. So no job stats, no cost stats,
no real detail on who's then who isn't on one
of what they call their cornerstone policies, So no policies

(01:27):
until there is a policy, but sort of a secret
policy that if you vote for us, we'll tell you
about it after the election. Small question at this point
do they honestly believe one where that's stupid, Two that
this is any sort of way to conduct an election campaign,
or three this is any sort of excuse there's close
to an election actually? Four are they smarter than we think?

(01:49):
And this is basically their white flag because they don't
actually want to win the government anyway. Part of what
haunts them, of course from last time, is their inability
to actually do anything apart from spray Money. They talk,
they don't do so. Three years on, they clearly learn nothing.
For more from the Mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow

(02:12):
the podcast on iHeartRadio
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