Put up or shut up

Deborah Coddington calls out Labour on Asset sales:

But if Goff is genuinely sorry about selling state assets, Labour could put our money where his mouth is and campaign on buying them back.

Telecom’s going through deconstruction right now; how about Labour committing to take us back to the good old days of six-month waits for phone connections?

A boost to tourism could be good. Labour could buy back all those Tourist Hotel Corporation resorts sold in the late 1980s when the chairman reported to Parliament an annual loss of $8.8 million.

The state as hotelier had built up an impressive chain of resorts – Pukaki Hotel, Lake House Waikaremoana, Waitomo Hotel, Te Anau Hotel, Milford Hotel, The Chateau, Tokaanu Hotel, Wairaki Hotel, Franz Josef Hotel and Eichardt’s in Queenstown.

The whole lot sold for about $84 million. Since they were losing money hand over fist, they were hardly assets, more like liabilities, but if Labour wants them back, they’d be great destinations for Cabinet ministers wanting a bit of R&R.

No one in parliament has sold more assets than Phil Goff. If as, Alan Martin used to famously say, “it’s the putting right that counts” then why isn’t Labour pledging to buy back all the assets that they sold.


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