Selling assets will cost us more than keeping them - the idiocy of National
National Party online mouthpiece decides to use his blog on Stuff to peddle some smokescreen nonsense about Trevor Mallard. One of those 'keep-in-the-back-pocket-for-bad- week-Trevor-Mallard-scandals' that always seed or are fanned on the right wing blogs. Trev can be a dick? Shock. Horror. Yawn. Oh look, the National Party just imploded. How amazing the leading political blogger of the right managed to miss that in favor of Trever Mallard being a dick. Fascinatingly selective of Farrar.
Make no mistake, this is a terrible start to the year for National, all the black swans are coming to roost as the vacant aspiration evaporates before our eyes as yet another layer of pink frosted gloss that passes as Treasury growth reports turns out once again to be false.
The ideological ferver of National's free market faith has wedded them to asset sales with a sense of hubris that is creating a yawning credibility gap. It took Labour 9 years to reach this level of arrogance, National have done it in 4.
National are going to sell our assets even though the cost of selling them in lost revenue will out weigh the return.
A $6 billion return that Bill English now says is a guess.
A $6 billion return that the Government booked into the budget meaning if we get less that is deep cuts in social spending.
A $6 billion valuation that is is $800 million above the book price of $5.2billion?
A $6 billion valuation that the Government now can't sell 49% of because if the buyers dilute the shares further the Government will have to buy them to maintain 51%.
We are going to subsidize speculators with taxpayer cash????????
National then have the audacity to claim that this money will be spent on hospitals and schools like that's some kind of defense? Hospitals and schools is what we pay our taxes for, that comes out of general taxation not one off asset sales.
Key is being deceptive when he states hospitals and schools as benefactors, because there's also the $400 million investment into irrigation. We are subsidizing Bill English's brothers Farmer mates to the tune of almost half a billion bucks? If the bloody farming community is doing so well, why don't they pay for their own bloody irrigation program? Their products have never been so valuable yet we are bailing them out by selling our assets?
The final twist is that the only people who will be able to afford these shares are the same group of richest NZers who National spent 3 years giving billions in tax cuts to. Billions that we have had to borrow.
So that's speculators, farmers and the rich who have benefitted from this while inequality accelerates.
This is not the kind of NZ I want to recognize. People have to seriously think about a march against this, it's economic vandalism and sovereignty self sabotage.
National have lost the agenda from Section 9 of the SoE ACT to Mojo Mathers to the Crafar Farm smack down to the clear economic loss blindly following their free market doctrine is going to cost us while enriching them.
Nationals sudden lurch into crises mode doesn't bode well. If they are stumbling so badly now, how will the National Party deal with the stress of the economy hemorrhaging again?
When 50 000 NZers marched against mining of conservation land, John Key had to listen. If 50 000 march against asset sales, Key will have to listen again.
Meanwhile, David Shearer slips off the radar.