Just listened to the ever-energetic and sharp Richard Prebble being interviewed by Paul Henry on the issue of the rail by-back.
He calls the move 'looney'. The government paid way over the odds and are now subsidising the largest Australian-owned trucking company in NZ. Prebble says government in NZ has owned railway for over one hundred years through about 40 different governments, none of which have been able to run it successfully, so why does this Labour government think it can?
He has a neat solution for National's folly in putting their head in the noose by promising no asset sales in their first term. Since when has rail in New Zealand been an 'asset' he asked? Quite.
(My own further thoughts) The truly awful aspect of this is the PM's statement that 'we are not in this to make money'. No. They are in it to lose money. Your money.
But why stop here? Why doesn't Cullen buy Foodstuffs and run it as a not-for-profit organisation? Food prices are hurting New Zealanders much more than rail costs. Is that a good idea? And we could subsidise Woolworths at the same time, seen as profit and competition aren't important.
I am living in a nuthouse of a country.
9 minutes ago