Team New Zealand will get another $36 million from the Government to contest the 2013 America’s Cup, the Government has announced. Acting Economic Development Minister David Carter said the Government was contractually obliged to give the money to Team New Zealand to fight for the 2013 America’s Cup in San Francisco.
Carter said “the eyes of the world” would be on San Francisco for the elite yacht race. “We will use the America’s Cup to our full advantage by showcasing New Zealand’s technology, products and services, and encouraging tourism,” Carter said.
What was that headline the other day from Key??
Key: We can’t help your price pain
Prime Minister John Key yesterday acknowledged New Zealanders were “feeling the pinch” as prices rose at their fastest rate in two years led by fuel costs, something he said the Government could do little about.
I am so sick of these worthless lying socialists. Watch for the apologetic propaganda post on Keywiblog.
Update: The story is that it was a watertight contract introduced under Labour and driven by Trevor Mallard. Fair enough. However, does anyone reading this think that if National had have been able to cancel they would have? I would venture that National would have no problem with this expenditure. On the grounds that it may generate taxable income for the country. My complaint still stands. National are still not concerned that this payment breaches their founding principles. To wit-
“to oppose interference by the State in business, and State control of industry”
National have no view on this that differs in any substantial way from Labour’s.