Question by Mac the Knife: So, yet more lies from Osborne?
George Osborne wrote suicide note for British economy
By David Blanchflower – former member of the Bank of England Monetary Policy Committee 22/10/2010
George Osborne claimed he had no choice but to wield his axe because Britain had “run out of money” and was on the “brink of bankruptcy”.
I have never heard such abject nonsense in all my life. As an economist let me tell you that is absolutely not true.
The country has never been anywhere close to bankruptcy. I have no idea why a Chancellor would say such a thing.
The British people should expect better from their ministers. Of course he produced no evidence for such a claim. Such outrageous and false claims are not a good foundation for the biggest economic mistake in this country for at least a century. Slasher has been reading too many Hans Christian Andersen fairytales.
Just imagine if the chairman of some large company was asked how the firm was doing and he or she said it was close to bankruptcy.
It would be a really dumb thing to say, even if it was. Market reaction would be for the share price to collapse followed closely by a resignation.
Now that’s a thought…
Slasher, Cameron and Clegg’s talk of doom has already caused business and consumer confidence, as well as the housing market, to collapse.
Unemployment is starting to rise again, and figures released yesterday show shop sales are falling. Earlier this week, a Confederation of British Industry survey showed that factory orders fell at their sharpest pace for six months in October.
The economy is slowing fast which means that this is no time to cut public spending. He is the first Chancellor in living memory to present what amounted to a suicide note to the country.
On top of the tax increases, he announced huge spending cuts that will hurt the poor the most. But those with a trust fund will be fine.
And it is very interesting that those on benefits and youngsters who can’t find jobs or college places are the ones being hit. They were not responsible for the recession.
Recession The public sector is being targeted by Osborne, despite the fact that the private sector caused the crisis.
Osborne says unemployment will fall as a result of his jobs cull. Nobody should believe that. Unemployment will rise. Just watch. He says the economy will recover quickly. It won’t, he is going to drive us back into recession.
He said that, “it is a hard road, but it leads to a better future”.
That might be true for those with a trust fund and a couple of houses but it most certainly will not be so for most ordinary working people.
The cuts will increase poverty and social division.
Maybe you should read what 2010 Nobel Prizewinner Prof Christopher Pissarides says about Cameron.
Answer by Superdog
Feeling better now you have all that off your chest?
Economics!! Haha! The source of all the problems to begin with so, personally, I express zero surprise in a turkey not voting for Christmas.
Oh, and Mr Osborne, in case you were not fully aware, is a politician – they lie for a living.
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