Tuesday 8 April 2008

Brown Displays Total Disconnection From Reality or Shame

"If you look at this situation, because we've got low inflation..

We have horrific levels of inflation considered by any human, normal, measure.

we can cut interest rates,...

Over Mervyn King' dead body will you cut interest rates significantly and unleash even more grotesque inflation levels.

because we have had low debt,...

Debt, both public and private, is at levels that make even the United States debt levels look sane.

we can afford to keep our public spending programme in line...

Your public spending programme is hidden off balance sheet by PFI and false accounting; apart from that it is nothing more than the purchase of a client Labour voting base using torture-levels of taxation.

and to borrow at the right time...

Who from? There is a total credit freeze. Or are you going to just print the money?

to help the economy come though difficult times...

Of your creation and out of your utter economic, financial incompetence and ultimately your ideological immorality.

1 comment:

Elby the Beserk said...

Never mind this ...

http://www.iea.org.uk/record.jsp?type=book&ID=428

Apparently the markets all shifted y'day when Brown announced a rate cut would be likely. When did he take over the role of the BoE?