(S (S (BASENP (NNP Mr) (NNP Howard)) (VP (VBD said) (SBAR (SBAR (IN that) (S (BASENP (DT the) (NN sale)) (VP (VP (VBD was) (RB not)) (NP (BASENP (DT an) (NN election) (NN promise)) (PP (IN by) (BASENP (PRPD his) (NN government))))))) (CC and) (SBAR (IN that) (S (BASENP (DT the) (JJ federal) (NN government)) (VP (VBD failed) (S (VP (TO to) (VP (VB see) (NP (BASENP (DT any) (JJ long-term) (NNS benefits)) (PP (IN from) (BASENP (DT the) (NN sale))))))))))))) (PERIOD .))