Labour Leader Phil Goff said the plans were a recipe for disaster.
"Hocking off our assets to foreign buyers and slashing spending is vintage National. It doesn't have an economic plan so it's simply rehashing the failed policies of the past."
Now pardon our bafflement, but wasn't Phil Goff a member of Cabinet in the Lange/Palmer/Moore administration, when copious quantities of assets were hocked off? He may have renounced his membership of the Sir Roger Douglas Appreciation Society, but we reckon it's a bit rich for him to be trotting out the "vintage National" line when assets such as Telecom were flogged off by him and his colleagues under a Labour administration.