That’s how much National gave away today, by setting the price too low on Genesis.
They were scared that they couldn’t attract enough buyers and it would be clear how unpopular their policy is, but they made it enough of a lolly-scramble that the few percent at the top who can afford it, couldn’t resist.
That’s $135 million ripped off you and me as New Zealanders, by giving away our asset to foreign investors and the rich.
They’ve been cynical enough to do it at Easter, when everyone will be going away – by Tuesday when people start tuning in, it’ll be old news.
We have to make sure that people are told what they’ve lost.
If you want to see real fiscal ability: look at the Cullen fund – up 19% for the year, to average 18.2% over the last 5 years (even without National contributing)