Elections
Labour Party Conference
29/09/09 06:22 Filed in:Current Affairs
The champion of boom and bust continues to be deluded. Not only has he managed to near bankrupt our country, sold off the family gold at a rediculously low price but now wants a fourth term for labour as he hasn't finished his programme yet...
At the root of the problem is the fact that this generation has been living on credit and particularly those that haven't been able to afford it. The message he's loudly proclaiming is that debt doesn't matter. At the moment interest rates are low. They won't stay low forever and our debt sooner or later is going to cripple us. The pound is in free fall against the Euro and this in itself will fuel inflation. Then take the 175 Billion £ of quantative easing and we've got ourselves a nice little mix that will further spiral the economy out of control. We're by no means through the worst!
During his speech yesterday, Gordon continued to spout his vision promising all sorts for a better Britain. Where the money was coming from was of course not mentioned. A bit more QE I guess!
Electoral reform is the only thing that I got excited about. But then, he'll have a referendum once they've been re-elected. Why? If he really wants proportional representation then why not get on with it and have a referendum now?
Let's see what the Tories have to say next week.
At the root of the problem is the fact that this generation has been living on credit and particularly those that haven't been able to afford it. The message he's loudly proclaiming is that debt doesn't matter. At the moment interest rates are low. They won't stay low forever and our debt sooner or later is going to cripple us. The pound is in free fall against the Euro and this in itself will fuel inflation. Then take the 175 Billion £ of quantative easing and we've got ourselves a nice little mix that will further spiral the economy out of control. We're by no means through the worst!
During his speech yesterday, Gordon continued to spout his vision promising all sorts for a better Britain. Where the money was coming from was of course not mentioned. A bit more QE I guess!
Electoral reform is the only thing that I got excited about. But then, he'll have a referendum once they've been re-elected. Why? If he really wants proportional representation then why not get on with it and have a referendum now?
Let's see what the Tories have to say next week.
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