Train wreck in slow motion

Sep 5th, 2008 | By David Harper | Category: Opinion

Imre Salusinszky: Barry O’Farrell knew there would be a media firestorm, and he was right. “The conservatives who said: NSW is closed for business”, ran the banner headline across the front page of The Sydney Morning Herald last Friday, above a huge photo of the NSW Opposition Leader and his colleagues as they prepared to announce they would be voting down NSW Premier Morris Iemma’s plan to privatise $10 billion worth of state-owned electricity assets.

And that was about the best press O’Farrell received over his decision to renege on his party’s core commitment to free enterprise and punch a $20 billion hole in NSW’s medium-term capital spending program (the total of lost earnings and extra investment now required in electricity generation).

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