KiwiRail value derailed

I had to get this billboard photo from Whaleoil because I couldn't find it on any Labour Party affiliated website.

Perhaps they are embarrassed. 

They should be.

The accounts reveal the value of KiwiRail has been slashed $242 million, more than a third, since the Government bought the business from Australian firm Toll in July for $690 million.

The "fair value" of KiwiRail is now $448 million, a loss of about $56 for every New Zealander.

KiwiRail is a key plank in Labour's election billboards, which include Kiwibank and KiwiSaver. "Keep it Kiwi, vote Labour" the billboards say. More

Today we find out that the Crown accounts show the "value" of KiwiRail have dropped by almost a quarter of a billion dollars since Cullen bought it just a few month ago.

This brings KiwiRails value down to just $448 million. Not bad going in just two months.

Of course Treasury puts the value of KiwiRail at alot less than that. 

$125 million is their true value of Mikey's wee train set.

c Political Animal 2008

LIVE VIDEO: Live Streaming of US Election day results & Election data

Watch US Election result data live below (data updated frequently) or see a LIVE STREAM of it from 7.00 PM Eastern Time November 4th courtesy of Associated Press.

Coverage of the US Election day results on November 4 will be up to 6 hrs long.

Watch live streaming of Associated Press coverage of US Election Day Nov 4 2008

Comment on election here. Results will be shown below this post.

c Political Animal 2008

Duncan Donut

Duncan Garner reiterates his journalistic integrity today over releasing "secret tapes" supplied to him by Labour Party insiders:

3 News political reporter Duncan Garner says "it is not 3 News’ job to censor the news".

“If we didn't report it we would be failing in our duty…all 3 News can do is broadcast the material and be as balanced and as careful about it as possible,” he said. TV3.co.nz

Its a shame he forgot another essential journalistic rule, it ain't 3 News job to manufacture news either, its their job to simply report it.

Balanced? a chip on both of "the Donut's" shoulders is the truth of the matter.

It isnt easy to tell the difference

between Duncan Garner and a 

high calorie,low nutritional value

Dunkin Donut.

*Duncan Garner is henceforth to be called Duncan Donut by this blog because Duncan has a hole in the middle where his journalistic intergrity should be and donuts make you fat, like Duncan.

c Political Animal 2008

Helen, it went off in my hand

The girls and boys from Labour and their official blog The Standard have just done the equivalent of climaxing before getting anywhere near the hole but in their case using both hands to self loathe, because they cant find a partner, when they released their "Whopper" election killer to Duncan Garner and TV3 today.

But wait, hold the mayo!

Labours filth digging has revealed a secret tape of Bill English simply giving his views on nutty Socialist Barack Obama:

I’m a bit worried about this whole Obama and Europe thing, just because there’s a limited effectiveness in being moralistic about international relations… and the US you can argue over do it - Bush should have put a different window dressing on it but there still needs to be someone willing to pull the trigger. Bill English

I lifted the quote above from The Standard because I couldn't find it anywhere else and they had been telegraphing their intentions to release the tape for some time so I knew where to look.

Apparently there are more premature ejaculatory gems like this one to come but Labours desperation just seems to dig an even bigger hole for them, that their sticky little fingers will not be able to dig themselves out of before election day.

Urggh, what a mess Labour have on their hands.

c Political Animal 2008