The asset sales referendum was Guy Fawkes. A hiss and a roar and $9 million of hard-earned cash up in smoke. Then the day after, posses of politicians raking through the detritus, seeking the odd double-happy that failed to explode, hoping to reignite it and lob it across into the enemy camp.
Prime Minister John Key is concentrating his derision on the 43.9 per cent turnout, saying it's too low to take seriously. What must he be thinking about the legitimacy of the nation's new crop of local mayors and councillors then. In October's triennial polls, they were returned with an even worse voter turnout - 41.3 per cent nationwide. National's showcase Auckland Super City brought up the rear with only 36 per cent of electors bothering to vote.
However Mr Key tries to spin the result, the 67.2 per cent to 32.5 per cent vote against asset sales was emphatic. Even a majority of the 40.5 per cent of voters in his Helensville electorate who returned their ballot papers voted against the Government's policy, 52 per cent to 47.7 per cent. Only two electorates nationwide were in support, the Act stronghold of Epsom and National's Tamaki bastion.
None of which comes as any surprise. Opinion polls have long recorded lack of support for asset sales. The difference about this poll was the vast waste of taxpayers' money involved. Why in the 21st century do we waste public money on such an archaic method of checking the popular mood when there are much cheaper - and more accurate - ways of divining public opinion?
It dates back to 1993 when Mr Key was an Auckland-based money trader. The National Government passed legislation introducing non-binding, citizen-initiated referendums, promising, hand on heart, to listen to the people.