Do as we say, not as we did

June 30th, 2010 at 1:00 pm by David Farrar

I seriously laugh out loud everytime I see calling for the Government to reduce dividends from energy SOEs. They’re at it again:

Labour leader Phil Goff said there had been price gouging and state dividends were too high. He said Labour’s version of the ETS – which would have involved price rises double National’s – would have come with compensation for the worst affected. But Mr Key and State-Owned Enterprises Minister Simon Power said the Government would not change its dividend policy.

Useful reminder that Labour’s policy was to double the cost of the ETS on power and fuel users. This adds to their record of going up 64% in their last seven years of office.

But back to dividends from power SOEs. Labour took a staggering $3.1 billion in dividends during a period of record surpluses.

Now when the Crown’s books face massive deficits, and we are borrowing $230 million a week, Labour thinks these dividends should be reduced.

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19 Responses to “Do as we say, not as we did”

  1. gravedodger (1,515 comments) says:

    Sadly the rump socialst supporters will remain totally ignorant of all those facts David and the hypocritical lying bastards know it.

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  2. RKBee (1,344 comments) says:

    Agree DPF.. a big C for Labour for Controdiction.

    borrowing $230 million a week.. I thought it was $240- $250 million… still sounds bad.

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  3. burt (7,807 comments) says:

    It’s different when Labour do it.

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  4. m@tt (587 comments) says:

    “It’s different when Labour do it.”
    And if Labour did it it’s OK to criticise them for it but say it’s OK for National?

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  5. krazykiwi (9,189 comments) says:

    Useful reminder that Labour’s policy was to double the cost of the ETS on power and fuel users

    It’s interesting that halving Labours bad thing suddenly makes it a good thing in the eyes of the National faithful.

    The ETS in any shape or form is a disgraceful eco-conscience scam. National are culpable, and no amount of highlighting hypocritical statements from the opposition can change that.

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  6. burt (7,807 comments) says:

    M@tt

    That’s a tough question, let me explain.

    Staunch Labour supporters will tell you all business profit is unpaid wages then they will tell you govt surpluses are not over taxation. See in the eyes of socialists business is bad, but govt behaving like business is good when govt has a red logo but bad when govt has a blue logo.

    So sure, follow your ideology and have a sling at National because their logo is blue – there is nothing about their behaviour that was different from the red team so be honest with yourself and acknowledge it’s all based on the colour of the logo.

    Some say red = good and blue = bad, others have it the other way around.

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  7. george (398 comments) says:

    The ETS is the most insane policy put in place by any New Zealand Government since SMPs by Muldoon.
    Labour was going to put two bullets through our heads with its ETS.
    National is going to put only one bullet through our heads with its.
    And, despite what Key and Smith say, no other country in the world is heading down this track.
    So it is a bit pathetic for Goff and National to be arguing over this – two bullets or one really makes no difference, especially when no one else is going it.

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  8. Manolo (13,363 comments) says:

    “Useful reminder that Labour’s policy was to double the cost of the ETS on power and fuel users.”

    DPF, are you saying that half a bullet in the head is better than one? No, both are dreadful, horrible options to consider.

    Another flawed attempt at spinning and defending the indefensible new tax, the ETS.
    The neo-socialist National Party is making a terrible blunder in taxing us more.

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  9. mattyroo (975 comments) says:

    “Do as we say not as we did”

    Kinda sounds like National with their implementation of their ETS tomorrow….

    John Key, on the campaign trail October 2008:

    We shouldn’t be the world leader because that will come at the expense of our economy.

    Well, fuck National and their ETS. I am now keeping all of my foreign earnings outside New Zealand. These despicable pricks want to harm my business, I’ll harm theirs!

    They’re almost as duplicitous at the bastards that got kicked out in 2008. In fact, they’re even more so!

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  10. Manolo (13,363 comments) says:

    “It’s interesting that halving Labours bad thing suddenly makes it a good thing in the eyes of the National faithful.”

    Directives and orders from the political bosses are to be obeyed and never to be questioned. Never short of minions, either.

    That’s National and Labour’s interpretation of integrity for you.

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  11. Manolo (13,363 comments) says:

    From ACT’s Boscawen press release:
    “Although the ETS will not influence the climate, it will influence your budget.

    Treasury predicts that the immediate financial impact of New Zealand’s ETS will be a 5% increase in the price of electricity and a 4c/litre increase in the price of petrol. Natural gas will also increase in price.

    In three years (January, 2013) there will be another round of similar increases making a total of 10% for electricity and 8c/litre for petrol, just from the ETS.”

    So, if re-elected the neo-socialist National Party of Key and Smith plans to punish us with higher taxes in 2013.

    Who are funding and why?

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  12. Whafe (652 comments) says:

    They are all one and the same, a purplish party called labnatbourional…..

    This whole ETS scheme makes me piss blood….. How can it just happen? It is not a mandate of the people….

    John Key, you seem a genuine guy, but you are sticking it to NZ, the NZ economy. Wake up man!

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  13. side show bob (3,660 comments) says:

    KK, May I humbly suggest the “National Socialist faithful” be put on the endangered species list. As for the fucking morons in the Liarbore party they do a tremendous impression of the Dodo bird.

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  14. krazykiwi (9,189 comments) says:

    @SSB – I wish it were so. Sadly the “National Socialist faithful” and extending their species by interbreeding with assorted toughers (some leftists, some Maori settlers) while hoping their traditional faithful leave their wallets open and keep looking the other way.

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  15. side show bob (3,660 comments) says:

    You may be right KK but extending their species by interbreeding with toughers and morons will do nothing to boast the coffers. Even if old Shonkey was to fund the party himself their real support base will be decimated. I wonder how the National Socialists would survive without their foot soldiers. Troughers and leftists tend to lean more to the taking side then the giving side.

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  16. Rod (236 comments) says:

    So we lead the world with our Green ETS … and if they believe strongly in that stuff then what is next?
    http://www.zcb2030.org/index.php/zcbreportmenu/category/1?download=1%3A2030
    A vision for the future under John Key?
    Stuff that.
    We have been conned.
    Watermelons in suits … can’t vote for that.

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  17. Manolo (13,363 comments) says:

    “I wonder how the National Socialists would survive without their foot soldiers.”

    Ask DPF, the most loyal one.

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  18. RKBee (1,344 comments) says:

    Shit I don’t won’t a Rodyn Hood Government or a Sheriff of Nottingham Government… I just won’t a Government thatis fair listens to the people…

    No ETS tax.

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  19. GJM (58 comments) says:

    All National has done since they have got in is put taxes up – ETS, ACC, GST and many more. Don’t forget the ETS is plus GST on petrol – so they get a double dip.
    Geoff

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