Mighty River Power Changes Kiwi Investments

Bill English would have us believe that the float of Mighty River Power is heralding in new era in kiwi investments. Bill English would love to see Mom and Pop Kiwi investors screwed out of their life savings investing in our energy companies.

Why is the Government selling these “family jewels” of our nation?  Could it be that they want the money generated – enough to pay for four weeks of borrowing at current rates in the case of Mighty River Power? Possibly … after all they need to make the books look good in light of the next election (although it will take more than good book keeping to reverse public opinion of a dictatorship gone feral).  Or could it be something else?

What Bill English and the government didn’t put in their pretty brochures and hoped you didn’t do your homework to find out – Our family jewels have been run into the ground by successive governments bleeding them dry. They are heavily in debt and due for major maintenance bills. Forget leaky houses, repairing leaking dams is going to be a much more expensive prospect. Rather than foot the bill for fixing these dinosaurs the government has sold them back to us so that we can pay half the bill.

It is bad enough that they are screwing the people of NZ, please don’t be stupid enough to brag about what a success it is and how we will go down in history as the government that changed the way Kiwis invest. You will notice that it is Bill English mouthing all these boasts – the PM is not stupid enough to be caught on camera heralding such tripe. However, they obviously breed a culture of contempt and superiority that MP Aaron Gilmore  was not mature enough to handle and has been caught taking it beyond the confines of parliament house.

These are the elected people that represent the government that the people who voted them in deserve.