From his latest attack on the NSW ALP left faction:
Former prime minister Paul Keating has thrown his weight behind NSW Premier Morris Iemma’s plan to privatise the state’s electricity industry.
Mr Keating said unions previously attempted to prevent the sell-off a decade ago, and have cost the state billions in lost revenue.
“Then, the power stations were worth $35 billion,” Mr Keating told Fairfax newspapers.
“A decade later the price discussion for the same stations is around $15 billion.
“That is $20 billion in lost value – $20 billion that could have been spent on education, health and vital new infrastructure.”
Good work unions…