There are alternatives

The Opposition continues to carp about the partial floats of a very few state energy companies but they won’t commit to any of the alternatives which Associate Finance Minister Steven Joyce outlined:

Hon STEVEN JOYCE: There are three main alternatives. One would, of course, be to not invest in new schools, hospitals, or ultra-fast broadband. I doubt that anybody is suggesting that. Another option would be to borrow the billions of dollars from overseas lenders to invest in these new public assets. Some in this House appear to favour that borrowing option, including the Hon Annette King—

Mr SPEAKER: Order!

Hon STEVEN JOYCE: —and Grant Robertson. A third option is promising to buy back the minority shareholdings in these energy companies and borrowing billions of dollars from overseas banks to pay for them. But nobody in this House is proposing to do that, so I can assume only that the opponents of this share programme do not have the courage of their convictions, but I have to say—

The Minister had to withdraw and apologise for suggesting the opposition lacked the courage of their convictions but he was right.

They won’t commit to alternative, viable policy to the partial floats so their opposition is just empty rhetoric.

 

17 Responses to There are alternatives

  1. Armchair Critic says:

    That was an interesting answer from Mr Joyce. Despite a desire, clearly showing on his face, to find a way of blaming it on trains (because, as we all know, trains are to blame for the dismal state of the local screen industry), he was incapable. So he had to resort to the old canard of “they won’t commit to it”.
    The reason is obvious. With National’s track record of increasing tax rates and wild borrowing to increase our debt, Labour and the Greens are likely to inherit an economic mess. Who knows how much more damage National will inflict before they are booted out? It would be unwise to commit before the books are opened.
    By the way, did anyone apart from me notice that Joyce suffers from intellectual inferiority and thereby lacks the good grace to use the correct form of address for opposition members with PhDs? He’s a coarse buffoon.

  2. Armchair Critic says:

    Update – I see National have a method for avoiding responsibility; they’ve found someone to blame. Rob Tappert!
    Character assassination. Way to go National, keeping it classy.

  3. robertguyton says:

    Has National…lost its gloss?
    *stares about, wide-eyed

  4. Paranormal says:

    What have you been smoking AC? “Labour and the Greens are likely to inherit an economic mess.”

    The main reason for the economic mess is the Liarbour policies National has retained. Whilst National’s management of the economy has lacked courage (hattip Sir Humphrey), it’s been far better than Liarbour/Greens tax and drunken spending approach.

  5. Mr E says:

    Jeepers AC (or should I say Mr/Mrs Armchair Critic, or perhaps Chairman, Dr, Sir, Madam, Miss, ….who knows). Have you read some of your posts lately? Generally I tend to consider you as someone with a left lean that puts sensibility before politics. In my eyes, lately you seem to have simply become, well, an elitist politician. Ranting on as if things are black and white when in reality we all know there are simply shades of grey with all of these issues.
    I’m curious, whats happened with you? You usually show such humility and recognise the grey. Has a particular issue polarised you to the absolute left?

  6. robertguyton says:

    “Liarbour” – there’s a reason to stop reading right there, but I’d already stopped at ‘what have you been smoking’, almost as cheap a shot as ‘you’ve been drinking again’ – what is it about you Conservatives and your nasty talk?

  7. robertguyton says:

    AC – you’ve upset Mr E by speaking in a manner other than the allowable forelock-tugging, ‘I’m sorry to have to bring this up, Guvner’ way. Please assume the prescribed subordinate position!

  8. Armchair Critic says:

    No, Mr E.
    Honestly, I’d like to vote National. I am right in their demographic, all my colleagues and neighbours vote for them, they should be my unquestioned choice.
    I suppose, by way of the shortest explanation I can gather, I am completely let down by the combination of National’s inability to look out for NZ as a sovereign state, and their inability to live up to the values they espouse.
    In terms of my original comment, if you wish to dispute that Mr Joyce a) blamed trains for the downturn of the screen production, or b) then blamed Rob Tappert, or if you wish to dispute that National have increased taxes and increased our debt levels please say so,and I will produce evidence to support my claims.
    Otherwise I’ll have to stick by what I’ve said and will have to consider whether I should suffer the embarrassment of voting for an insincere and unpatriotic party, voting for a party that is a bit more sincere (note – none are perfect) or, for the first time ever, refusing to vote.

  9. blokeinauckland says:

    Ah, you acknowledge the pygmy in the room (but an effective one all the same) – the Conservative Party will ride with JK to the Treasury benches – Hey ho Silver.

  10. Mr E says:

    To me patriotism is about wanting success of the county. I firmly believe national see asset sales as good for the country.

  11. Mr E says:

    More detail for the CV

  12. robertguyton says:

    But those sales are failing miserably to achieve what Key and English claimed they would. Not even half-way, folks.
    The programme has floundered. New Zealanders are not better off than they would have been had the energy companies been left un-molested. Maybe they did think it would work, but they were wrong, Mr E and the programme of sales is a dog. You might agree with me on this.

  13. robertguyton says:

    Gordon Campbell starightens out your warped thinking:

    “So only 62,000 investors have lined up to buy Meridian, even at the rock bottom price of $1.50 a share. That’s even after the process had been sweetened with a government subsidy – in a style more commonly associated with the likes of Noel Leeming or Harvey Norman – whereby investors would get the full gains long before they would need to pay the full cost of their investment. Who pays the price for that generous little gift? Taxpayers, of course. In effect, they get to subsidise Meridian investors to buy into a valuable state investment, so that said private investors can then siphon off the returns, and make added profits by charging the same taxpayers more for their electricity in future. What a great deal! Surely no other political party should be allowed to upset the apple cart by daring to criticise such an arrangement, should they?
    Well, Finance Minister Bill English is certainly sounding aggrieved. Yesterday, he blamed Labour and the Greens for “ sabotage” of the Meridian float.”

    http://gordoncampbell.scoop.co.nz/2013/10/24/gordon-campbell-on-the-meridian-share-float-and-anadarko/#more-2998

  14. robertguyton says:

    “Looking out toward the 2014 election, the black humour of the situation is that National continues to be regarded as a more competent manager of the economy. That would be funny, if it wasn’t so tragic.”

    That’s harsh. Harsh but true.

  15. Paranormal says:

    So here’s some more truth/nasty speaking for you.

    What is it with you holier than thou communists with closed minds?

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