A Labour MP supports asset sales

March 7th, 2014 at 10:00 am by David Farrar

Stuff reports:

The Government is scotching claims that it has struck a deal to sell parts of Solid Energy to Indian buyers, but says parts of the troubled mining company will be offloaded.

Meanwhile, Labour’s West Coast-Tasman MP Damien O’Connor said he would support foreign buyers investing in inactive West Coast mines, even though he likened it to .

It’s good to have a Labour Mp say he supports an asset sale, but here’s the problem. Labour have in the past also sold assets – but only failing ones. They support selling a company after it has gone bust or near bust and cost the taxpayers millions. But they don’t support selling a company when it is profitable and taxpayers will get a good price for it. Instead they come up with policies to sabotage the share prices.

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12 Responses to “A Labour MP supports asset sales”

  1. igm (1,413 comments) says:

    “Tojo” will be having a word with this man . . . where does the weirdo from Wgtn Central stand on this topic, as Jones would not be averse to a bit of common sense either!

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  2. Ashley Schaeffer (406 comments) says:

    Damien O’Connor as leader of the Labour Party would do wonders for their dismal poll ratings. No way that the self-serving unionists and gaggle of gays would ever allow that to happen though.

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  3. Manolo (13,370 comments) says:

    These guys speak with a forked tongue, so you never know where the socialist Labour Party stands on important matters.

    It’s very likely McCarten and Silent T will hit O’Connor with a Please explain note.

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  4. Cunningham (817 comments) says:

    Another example of how incompetent and disorganised the Labour party is. You can find any type of view in the Labour party if you ask the correct MP. For example do they support mining? Some say yes, others say no. It’s laughable and actually shows how good Clark’s leadership skills were in that environment (I disagred with almost every polucy they came up with).

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  5. Ross12 (1,149 comments) says:

    And of the course Norman & co will be between the rock and hard place on this. They’d love to have the Govt. out of the “dirty coal mining” industry but they don’t want to sell assets.
    It is a bit inconvenient when all that off the cuff policy prattle comes back to bite you.

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  6. smttc (692 comments) says:

    O’Connor’s just saying what he knows his electorate wants to hear.

    You don’t think he actually believes it, do you?

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  7. Nick R (497 comments) says:

    I think it is a good thing to sell badly performing public assets.

    You don’t want to sell the good ones and keep the dogs!

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  8. greenjacket (417 comments) says:

    Though, to be fair, the statement is from Damien O’Connor, who is living proof that the capacity to talk is in no way connected to the possession of intelligence.

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  9. NK (1,068 comments) says:

    They support selling a company after it has gone bust or near bust and cost the taxpayers millions. But they don’t support selling a company when it is profitable and taxpayers will get a good price for it. Instead they come up with policies to sabotage the share prices.

    They’re also very good at buying assets for hundreds of millions (if not a billion) more than they are worth: Kiwirail anyone?

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  10. Fentex (867 comments) says:

    they don’t support selling a company when it is profitable and taxpayers will get a good price for it.

    This statement presumes good prices are fetched in Nationals asset sales. I don’t think they have been, and they are transparently expecting them not being for Genesis.

    I am not an ideological opponent of asset sales, I generally oppose the current series of them because we aren’t getting good prices and I think the difficulty in doing so illustrates fundamental problems of scale and isolation in NZ that illustrates a need for very careful consideration of what our communal efforts achieve.

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  11. odysseus (25 comments) says:

    “But they don’t support selling a company when it is profitable….”
    Er, why would you?

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  12. corrigenda (142 comments) says:

    Oh that is scary, Damien O’Connor making sense!! Of course we need to sell our inactive coal mines to someone who will open them up again and create jobs in a depressed area. Oops, though, the PC brigade and tree huggers will jump down so hard they will not be able to operate.

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