Tony Ryall has hit back at Labour's hysteria and hypocrisy over asset sales; this, from Scoop:
Remember When - Part One
Hon Tony RyallMinister for State Owned Enterprises
19 June 2012 Media Statement
Remember When - Part One
“Remember when Labour sold New Zealand Steel to Equiticorp for $327 million? This 1988 sale was pushed through Parliament under urgency.Remember when Labour sold Petrocorp to Rossport Investments in 1988 for $801 million? Again, rushed through under urgency.Remember when Labour sold Post Office Bank to ANZ Banking Group in 1989 for $665 million? – again approved under urgency – and no select committee hearings.In just three years, Labour sold over 15 state assets for almost $10 billion to the highest bidders.Who voted for these asset sales without telling the public about their plans at the previous election?Phil Goff. Annette King. Trevor Mallard. And the rest of the Labour Party.The same people who are now criticising the National Government’s mandated, long signalled, partial share offer to New Zealanders.
ENDS
Tony Ryall hits the nail on the head. Labour rushed through asset sales - real asset sales of 100%, not minority shareholdings as the Mixed Ownership Model Bill proposes - under urgency. And although more than 20 years have elapsed since the Lange/Palmer/Moore government was swept out of office by a Jim Bolger landslide, Phil Goff, Trevor Mallard and Annette King still inhabit the Labour benches.
No government in New Zealand's history sold more state assets that the fourth Labour government. The plans for asset sales were never tested at an election, and legislation passed through the House under urgency, and in the case of the Post Office Bank, without even scrutiny from a select committee.
15 comments:
Remember when this Labour government virtually gave away New Zealand's assets to the likes of Michael Fay and his cronies who then stripped them and sold them off for huge profits. And now that same person cries over the sale of the former Crafer farms now owned by Australian banks. There is only one reason he wants those farms and that is to do the same to them. And these have nothing to do with State Assets.
It was a mistake then, and Labour realised that. I thnk the tories kind of like the idea of their chums making out like bandits this time around.
Anyway. that was when the government had been hijacked by what became the Act Party (Douglas, Prebble, Bassett, de Cleen and co). And it was 25 years ago. Do you really want to go there? Ryall used to sit around the Cabinet table with Winston Peters, and that was a decade later.
Not onyl hit the nail on the head but counter sunk it.
Strange I can't find this anywhere except the blogs, I'd have thought it woud have lead the TV3 news and been talked about hourly on National Radio
No Paul, because the journos are all EPMU members!
And bear this ijn mind; this one says "Part One"; that means that Ryall must have more powder to follow; bring it on!
Judge Holden
yep I'll go there, whats your point.
Typical lefty , it only a good idea if you're doing it.
National has a mandate, yes its called democracy, get over it.
And it wasn't a mistake you oaf, it brought New Zealand into the 20th century and citizens were at last able to get rid of sad little committee men running their lives totally.
Michael Basset loathes Jim Anderton and Helen Clark so in my book that nearly raises him to status of deity and he's probably the best political biographer New Zealand has had.
Agreed Paul; Bassett's account of the Lange years was a far better account of that time period than Margert Pope's effort.
"I'd have thought it woud have lead the TV3 news and been talked about hourly on National Radio..."
Ryall puts out a press release pointing out something everybody knows happened 25 years ago and you think it should lead the news? You're an even better shill than IV2.
"it brought New Zealand into the 20th century and citizens were at last able to get rid of sad little committee men running their lives totally.."
Four falsehoods in half a sentence. See if you can spot them, it's educational and fun.
Here Is Part Two
www.scoop.co.nz/stories/PS1206/SOO256/remember-when-part-two.htm
Sorry got the link wrong. Here is the correct one
www.scoop.co.nz/stories/PA1206/SOO256/remember-when-part/two.htm
Wrong again!
www.scoop.co.nz/stories/PA1206/S00256/remember-when-part-two.htm
Still won't work. Two late for my aging brain obviously.
Anyway it is there at www.scoop.co.nz
Judge Holden said...
"I'd have thought it woud have lead the TV3 news and been talked about hourly on National Radio..."
Well that was a bit sarky and perhaps even sophisticated for you there Judge.
Anyway I have this harbour bridge for sale....
Sorry, you were having a go at IV2 then, Paul. Fair enough, you're far too sophisticated for your own good. He fell for it, though, so congratulations.
No Judge IV didn't, you'll notice the rather large exclamation mark.
Sorry you're it.
I thought Andrew Little was the only totally humourless associated with the labour party, but I'm was wrong, second time this year
Paul is another one who will likely come over and engage with you when you set up your own blog Judge; or don't you have the gumption to do that?
It was a normally sized exclamations mark, Paul. IV2 uses them all the time because he's excitable.
I suggest you look up the word sarcasm in the dictionary, Paul and then practice using it a bit. You're embarrassing yourself. However, your fawning comments about bitter Bassett were very funny.
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