1
00:00:00,480 --> 00:00:03,360
Speaker 1: Tired of hearing about the fairies. We've been talking about

2
00:00:03,400 --> 00:00:05,480
Speaker 1: fairies all week long. In fact, we've been talking about

3
00:00:05,640 --> 00:00:08,119
Speaker 1: them for a year. So we're going to be talking

4
00:00:08,119 --> 00:00:11,720
Speaker 1: about fairies. The Herald's headline this morning is faery plan.

5
00:00:11,880 --> 00:00:14,880
Speaker 1: Light on key details, no kidding, like details on a

6
00:00:14,920 --> 00:00:17,959
Speaker 1: boat to wharf in a terminal. Basically that's everything about

7
00:00:18,360 --> 00:00:22,040
Speaker 1: about a faery. When Nichola Willis blew up Kiwi Rawl's

8
00:00:22,079 --> 00:00:23,959
Speaker 1: plan for new fairies a year ago, she promised a

9
00:00:24,000 --> 00:00:27,880
Speaker 1: better plan. Is this a better plan? So they're going

10
00:00:27,920 --> 00:00:29,840
Speaker 1: to form a new company to buy some fairies. No

11
00:00:29,960 --> 00:00:33,360
Speaker 1: news about which fairies, which fairies, what kind of fairies whatever,

12
00:00:33,400 --> 00:00:36,120
Speaker 1: They're going to form a new company. That's two seconds work.

13
00:00:36,920 --> 00:00:40,960
Speaker 1: Nothing about what's happening port side. Also an invitation to

14
00:00:41,000 --> 00:00:43,680
Speaker 1: private industry to come up with a better solution. So

15
00:00:43,760 --> 00:00:45,960
Speaker 1: let's review again. No new fairies, no new ports, no

16
00:00:46,040 --> 00:00:50,120
Speaker 1: ships ordered, and seemingly no idea that private industry already

17
00:00:50,120 --> 00:00:53,680
Speaker 1: provides a service that is Bluebridge. You're going to say,

18
00:00:53,800 --> 00:00:56,160
Speaker 1: maybe a private person could come up with some interest,

19
00:00:56,320 --> 00:00:59,040
Speaker 1: why don't you just close down the fairies and give

20
00:00:59,080 --> 00:01:01,440
Speaker 1: them all to Bluebridge, Because that's what you just said

21
00:01:01,920 --> 00:01:06,560
Speaker 1: Nikolai was Finance Minister Chris Hipkins said, this was an

22
00:01:06,600 --> 00:01:10,080
Speaker 1: announcement of an announcement. How rich is that. It's exactly

23
00:01:10,120 --> 00:01:13,280
Speaker 1: what we lampooned him for. But is it an announcement

24
00:01:13,319 --> 00:01:15,399
Speaker 1: of an announcement. It is rather because you know they've

25
00:01:15,400 --> 00:01:18,959
Speaker 1: got to still announce the ferries, the wharves and the terminal.

26
00:01:19,920 --> 00:01:22,560
Speaker 1: It was ideological. Don't you think the government came in,

27
00:01:22,640 --> 00:01:25,200
Speaker 1: saw government spending and this government doesn't make spending, so

28
00:01:25,280 --> 00:01:27,840
Speaker 1: they canceled it without thinking about the long term consequences.

29
00:01:27,920 --> 00:01:30,080
Speaker 1: It was an ideological These guys are sounding more and

30
00:01:30,080 --> 00:01:31,840
Speaker 1: more like the Labor Party every day when I talk

31
00:01:31,959 --> 00:01:35,520
Speaker 1: like this. This was not based on business practice or

32
00:01:35,520 --> 00:01:39,920
Speaker 1: financial logic. It's not on brand and it's harming reputationally.

33
00:01:40,600 --> 00:01:42,600
Speaker 1: Think about this as a business. They broke a contract

34
00:01:42,600 --> 00:01:46,000
Speaker 1: for ships that was a good deal. Breaking contracts not

35
00:01:46,040 --> 00:01:49,639
Speaker 1: good puts flag on head. Not to mention the break free,

36
00:01:49,680 --> 00:01:51,560
Speaker 1: which some people are saying could be as highest round

37
00:01:51,600 --> 00:01:54,960
Speaker 1: of mill. Now we have basically a company owned by

38
00:01:55,000 --> 00:01:57,840
Speaker 1: the government desperately in the market, and the providers of

39
00:01:57,880 --> 00:02:00,080
Speaker 1: new boats or second hand boats will go to these

40
00:02:00,120 --> 00:02:02,440
Speaker 1: guys a week. Aren't they look at their week in possession.

41
00:02:02,680 --> 00:02:06,160
Speaker 1: They're desperate for a boat. Let's sit in this piece

42
00:02:06,200 --> 00:02:09,000
Speaker 1: of rust. The government just needs a boat to save

43
00:02:09,000 --> 00:02:12,239
Speaker 1: their face. Sellers will no longer be sharpening their pencils.

44
00:02:12,560 --> 00:02:15,639
Speaker 1: Portside costs continue to escalate. This is a government that

45
00:02:15,680 --> 00:02:19,160
Speaker 1: prides itself on business acumen and ability of mergers and acquisitions,

46
00:02:19,200 --> 00:02:23,079
Speaker 1: and they've given themselves a weekend. Going forward, they don't

47
00:02:23,080 --> 00:02:25,519
Speaker 1: seem to know what to do, and so they're doing nothing.

48
00:02:26,040 --> 00:02:28,280
Speaker 1: And when they do do something, they won't have a

49
00:02:28,280 --> 00:02:32,120
Speaker 1: strong position for more from Early edition with Ryan Bridge.

50
00:02:32,200 --> 00:02:35,640
Speaker 1: Listen live to News Talks it be from five am weekdays,

51
00:02:35,919 --> 00:02:37,959
Speaker 1: or follow the podcast on iHeartRadio