Down with Brown! Here comes- oh God it's the Tories...
The world, built partially out of rock, but mostly out of money, is melting. The ice-caps are bleeding away, swamping our lands with a flood that will take with it most of our capital.
Banks are tumbling down, their foundations shattered, and it's all down to dodgy mortgages. It makes many of us happy to see rich people lose their city bonus. It makes us less happy to see hundreds of jobs being cut at Northern Rock.
In this climate of bad debts and worse decisions, it seems painfully obvious that a Labour government, obsessed as it is with throwing millions of pounds at problems without planning how to fix them, maybe isn't what we need. Gordon Brown sold off millions of our gold reserves at the bottom of the market, and now criticises the Tories for advocating some spending cuts.
Has he looked out of his window? The mortgage market is tightening up to such an extent it is strangling even the most frugal of fledgling homeowners. Spend spend spend was the way of the 1990s, and now in a debt-laden demographic riddles with bad credit, we're saddled with the aftermath.
Of course some tax cuts would be nice, too. The Tories aren't committing to them yet, waiting to see whether the economic conditions suit tax cuts if and when they gain power. To an extent, they're missing the point too- because it's those very tax cuts that would stimulate the economy into behaving as they'd like in the first place. It seems to make sense; less outlay from government requires less tax. Less tax from the householder is less outlay; the nation tightens its belt and rides out the storm.
There is a time and a place for complex economic forecasting. There surely also must be a time and a place for some simple common sense. The Tories shouldnt be acting as though tax cuts are an act of benevolance; it is giving people back their own money. Labour, meanwhile, need to stop carping on about how the Tories would cut public spending- because for all their outlay, and with little to show for it, in this climate, they sound a bit silly.
Banks are tumbling down, their foundations shattered, and it's all down to dodgy mortgages. It makes many of us happy to see rich people lose their city bonus. It makes us less happy to see hundreds of jobs being cut at Northern Rock.
In this climate of bad debts and worse decisions, it seems painfully obvious that a Labour government, obsessed as it is with throwing millions of pounds at problems without planning how to fix them, maybe isn't what we need. Gordon Brown sold off millions of our gold reserves at the bottom of the market, and now criticises the Tories for advocating some spending cuts.
Has he looked out of his window? The mortgage market is tightening up to such an extent it is strangling even the most frugal of fledgling homeowners. Spend spend spend was the way of the 1990s, and now in a debt-laden demographic riddles with bad credit, we're saddled with the aftermath.
Of course some tax cuts would be nice, too. The Tories aren't committing to them yet, waiting to see whether the economic conditions suit tax cuts if and when they gain power. To an extent, they're missing the point too- because it's those very tax cuts that would stimulate the economy into behaving as they'd like in the first place. It seems to make sense; less outlay from government requires less tax. Less tax from the householder is less outlay; the nation tightens its belt and rides out the storm.
There is a time and a place for complex economic forecasting. There surely also must be a time and a place for some simple common sense. The Tories shouldnt be acting as though tax cuts are an act of benevolance; it is giving people back their own money. Labour, meanwhile, need to stop carping on about how the Tories would cut public spending- because for all their outlay, and with little to show for it, in this climate, they sound a bit silly.
Labels: Politics