It's madness I tell you! Madness...
Wednesday, 12. November 2008, 01:57:02
Back in the days of the Thatcher (I used to call her a madwoman, but now she has dementia it's not PC to call her that any more. There's ironic for you. And I was right all along... 
) unemployment quadrupled and the Labour Party urged the Conservatives to spend the money that they were wasting on unemployment benefit on buying jobs so that the people could earn the money and produce product, the Conservatives resisted this, they felt that that way socialism lay, and that it would be better to give more money to the rich so that they could either set up new businesses and employ people or at the very least spend it. Instead they simply trousered it.
So bearing that in mind the Conservatives are now urging the New Labour Party to spend the money that they're wasting on unemployment benefit upon buying jobs so that the people can earn the money and produce product. New Labour are, however, resisting their exhortations, believing that that way Old Labour lies. Instead they feel that it would be better to cut taxes to put money in the hands of the people which they may then go out and spend. Of course tax cuts always favour the rich, and as they have already demonstrated, whatever they do do with it, they won't spend it...
Meanwhile, for years now the Conservatives have been claiming that the only reason New Labour's monetory policy was so successfull was that they were simply continuing with the Tory's monetory policy, conveniently forgetting that while they were in power the country was simply going through a seemingly endless session of depression - slump - depression - slump. Now that the New Labour miracle has expired and we are heading back into depression again, instead of saying "See? We knew this would happen if you kept on following our monetory policies", the Conservatives are saying they would have done things differently.
The only thing I know for sure is that whoever is in, the money's going to be shovelled at the rich and it's going to be the ordinary working stiff who's expected to pay for it.
) unemployment quadrupled and the Labour Party urged the Conservatives to spend the money that they were wasting on unemployment benefit on buying jobs so that the people could earn the money and produce product, the Conservatives resisted this, they felt that that way socialism lay, and that it would be better to give more money to the rich so that they could either set up new businesses and employ people or at the very least spend it. Instead they simply trousered it.So bearing that in mind the Conservatives are now urging the New Labour Party to spend the money that they're wasting on unemployment benefit upon buying jobs so that the people can earn the money and produce product. New Labour are, however, resisting their exhortations, believing that that way Old Labour lies. Instead they feel that it would be better to cut taxes to put money in the hands of the people which they may then go out and spend. Of course tax cuts always favour the rich, and as they have already demonstrated, whatever they do do with it, they won't spend it...
Meanwhile, for years now the Conservatives have been claiming that the only reason New Labour's monetory policy was so successfull was that they were simply continuing with the Tory's monetory policy, conveniently forgetting that while they were in power the country was simply going through a seemingly endless session of depression - slump - depression - slump. Now that the New Labour miracle has expired and we are heading back into depression again, instead of saying "See? We knew this would happen if you kept on following our monetory policies", the Conservatives are saying they would have done things differently.
The only thing I know for sure is that whoever is in, the money's going to be shovelled at the rich and it's going to be the ordinary working stiff who's expected to pay for it.
WIDGETIZE
cakkleberrylane # 12. November 2008, 02:49
Deke # 13. November 2008, 02:01