Man in a Shed: 'Rover loan 'was election bribe'

Friday, March 10, 2006

'Rover loan 'was election bribe'

The National Audit Office says the GBP 6.5M pre-election loan to stop Rover jobs going- just before the general election and near to election was poorely spent ( for the Gov.t on behalf of the people ). Maybe the Labour party thought it was well spent !

The Conservatives are calling this a bribe - how could it be anything else ? ( Perhaps the Baby bond and one off (=pre-election) payment for council tax to those keen to vote pensioners should also be taken into consideration ).

Given what happened to Dame Shirely Porter - any chance of Tony Blair and Gordon Brown being sued for our money back ?

Alan Duncan's on the right track "It is quite clear that this GBP 6.5m was, I think, the misuse of taxpayers' money for political purposes," - this morning on the Today prog. Alan - you need to push this line of attack hard.

And don't even start me on Gordon Brown Teenager reward ( aka bribe) plan - coincidentally at the same time he's musing on lowering the age of voting to 16 ....

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman