BROWN BOUNCES BACK LIKE A BAD CHEQUE.

In the week when every European politician wishes to be Barack Obama's best friend, Incapability Brown gives us the impression that an election result in his favour, on his own political doorstep, has happened because he is throwing mountains of our money at a problem he has failed to arrest. I wonder, for example, if the good people of Halifax are enjoying the closure of their major employer, retaining the Bank of Scotland HQ in Edinburgh. This was always going to be the problem with having a PM who is not one of the majority.


In addition to the elections this week, both here and abroad, we have experienced a panic reduction in the interest rate. An absolute disaster for the saver. Almost every dimwit in Westminster, irrespective of party, appears to want to go down this blind alley, to return to massive borrowing to give the impression of wealth. This will only push the problem further away for the time being, to be confronted by our children and grandchildren. This attitude towards 'smoke and mirror' economics has also made thousands of savers flee the UK, taking their cash with them to a safer haven, knowing very well that our Labour Government considers our savings to be their's for the taking, something at which it is most adept. On this week's 'Any Questions' Jack 'the last' Straw mentioned that a business in his constituency was having trouble with it's bank regarding an overdraft facility. Get used to it, as this question will be asked on a regular basis. Of course we don't know whether or not the firm in Blackburn is viable. The decision must be that of the bank alone. Changing one's bank is not yet illegal, hopefully, should you want better terms. The last thing we need is Parliament acting as a High street bank advisory service, making decisions regarding non-existent money, All the money is ours, or will be on our account, remember!


Last evening on BBC Four we saw, repeated, an episode from an Alistair Cooke series on America. The period on show included the years approaching the Wall Street Crash, followed by Roosevelt's initial decisions to get their economy back on track. He adopted a Maynard Keynes theory by taking total control of all banking and production, a method running simultaneously by Hitler, another disciple of the theory. In the case of the USA, the Supreme Court intervened, deeming the practice was not in accordance with the Constitution. Subsequently free trade saved the day and of course WWII had a part to play. Britain did not follow either Roosevelt or Hitler in this regard. In fact, probably the only Labour MP to champion the theory was Oswald Mosley, departing to form his own Fascist Party in the footsteps of his idol, Adolf Hitler.




Should the incapable Gordon Brown spend more taxpayer GB cash on his little fancies, don't expect us ever to recover. The recession will arrive whatever he does. He should have considered us from day one, not almost twelve years later, leaving us to pick up the tab.










BUDGET TAX CUTS AND FLASH ELECTION IN 09, SUBJECT TO UNEMPLOYMENT LEVELS.