21.56 Update: John Redwood confirms exactly what we’ve been saying here about the Fed’s quick-fix …
“The rally on the back of the US offering some money to the banks themselves at a less penal rate is not a solution to the whole underlying problem. It stops immediate illiquidity, and allows some more slightly higher priced business to take place, but it does not tell markets that the sub prime crisis is over and we know its full effects.”
‘Our’ Government seriously needs to watch out, then.
17.34 Update: Labour is being true to its socialist roots, oh no it’s not. Not only are they Robbing Peter to pay Paul for the 2012 Olympics, they’re robbing Billy and Seamus too. So much for Labour’s commitment to the “the Peace Process” in Ulster.
[ 14.51 Update: This item is now available as a streamed Podcast (this is a first attempt so bear with us as quality etc is improved - other formats available here); thanks to Rose for voicing this pocast and the Internet Archive for hosting. ]
Today, as pointed out on ConservativeHome, we can note that the Observer has yesterday observed, which is of course what it does best, that :-
“The unwritten contract between the citizen and the state is up for negotiation again. That doesn’t necessarily mean taxes should be lower, but it does mean the system should be fairer and more transparent. Failure to deliver that is something from which Mr Brown cannot hide.“
It’s a terrible thing to get up on a Monday morning with malaise, observing to one’s nearest and dearest, “Oh, them Labour sods is still in, innit, love?”, even if one’s nearest and dearest happens to be a fluffy toy. Never mind, at least the Observer is giving Brown what for.
Misspent money (Brown never had a misspent youth, after all, he was too serious), tax complexity, tax credits are a joke, 2p reduction on the basic rate (but there’s a catch, of course there is Gordon — there always is with you, you miserable sod!), and people is feeling not very happy this monday morning. I’m not and I’m not even a hard-working family (it takes three to be that, not one).
Opinion polls currently report 42% Lab, 32% Con, 16% LibDem … well, let’s see how long that will last given the Monday morning malaises that are in the way of approximately 10,000,000 or so of us at the start of each week. And we say more.
Gordon Brown has frittered away the economic legacy left to him by the Tories, and with him chum-next-door-that-he-wanted-the-top-job-off has done a lot more to imbalance the economy.
- It is commonly assumed that the economy is rosy, but is it truly such?
- Was the recent stock market ‘wobble’ a sign of a Gathering Storm?
- Did the fed’s Bernanke’s Quick-Fix do the trick, or was it like one of these quick-fixes to computer software that eventually collapses all around you?
- Does overregulation, overtaxation, and Brownism not lead down a slippery slope?
On a lighter note, and my goodness don’t we need a lighter note in the midst of such a monday morning malaise innit, have look at the following video (and, please, not over your Breakfast) – this is what we are Dealing With. Enjoy your commute, or whatever Brown’s put in your way this morning to make that malaise all the more anti-Brown.
Credit to sjhoward for this video; subscribe on YouTube at
http://www.youtube.com/user/sjhoward
11:12am Update: Both the Daily Broken Mirror and the BBC have been exposed this weekend, by Iain Dale and the Monkey Tennis Centre (a brilliant new blog) respectively, for being less than honest. The Mirror crack’d has tried to get a spy in Tory HQ whilst the Beeb (or should we say Boob) has made some foreign policy ‘lacunae’ (on purpose).
Both the DBM and BBC are notorious for being loyal-to-Labour (except on the Iraq War, of course), and it is not surprising that they are up to their old tricks again. When Brown gets booted out, maybe the incoming Government will introduce some legislation to deal with such rogue elements within the Media/Press.
Mountjoy