Well, sort of - maybe I should say "The people have shrugged their shoulders". As most commentators predicted, yesterday's election was a National landslide, and National is almost able to govern alone - though they do need Act to nudge them into a majority. Be prepared for "management" of the economy amounting to sawing off large chunks of it - as sectors go under thanks to the world financial collapse, Act will be advocating slashing at the public sector. There will be hard times ahead.
Nothing I can add, really, except to say that Helen Clark's resignation as Labour leader was a smart move, and it will enable them to start a three year comeback with a new leadership team.