Granny supported little Johnny’s plan to go off to market and sell the family’s cash cow. But even she’s furious that what he’s come back with amounts to nothing more than a hill of beans. If Key and co couldn’t get a good price for Meridian, they shouldn’t have sold the bloody thing.
As Granny Herald notes, that they’re pushing ahead with the remaining sales regardless is all about ideology, and the knowledge that they’re going to lose the next election.
It’s the political equivalent of scorched earth tactics: if National can’t have the government any more, they’ll steal everything they can and leave as little as possible to the victors.
Of course, this is just going to make their slaughter at the next election even worse. The complete failure of their asset sales and their heedless, reckless determination to keep on going in the face of overwhelming public opposition, including the coming referendum, is going to rip a huge hole in their support. I reckon we’ll see a poll with Labour ahead of National within 6 months.
And then, as a strongly mandated Labour-Greens government pushes through NZ Power, the tory elite who are buying these electricity companies will get a shock as they find that cheaper power means their shares aren’t worth half what they think they are.