How desperate they must be for even loose change

Doesn't seem much of a deal from what doesn't seem much of a government:



THE "$5.3 billion sale" of the state's power assets has been exposed as a dud, with the Government's sales team admitting yesterday billions could be ripped from the proceeds because of a web of contract deals.



Three years after Morris Iemma vowed he would reap $10-15 billion from an electricity sale, it now seems taxpayers might receive only $2-3 billion for infrastructure in Kristina Keneally's sell-off.



It's also terrible timing. Selling coal-fired power stations just when you have a warmist federal government that wants to tax them out of existence isn't a winning strategy.

 •  0 comments  •  flag
Share on Twitter
Published on January 17, 2011 18:46
No comments have been added yet.


Andrew Bolt's Blog

Andrew Bolt
Andrew Bolt isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Andrew Bolt's blog with rss.