Man in a Shed: So where is the Carrier announcement then Gordon ?

Wednesday, April 18, 2007

So where is the Carrier announcement then Gordon ?

Things are getting desperate in Northern Britain for the Labour party. Must be time to remind their ~~suckers~~ voters up north of the money that a pension destroying, English taxing, Scots socialist government can deliver.

Time for the Carrier announcement and jobs to go to Rosyth and Govan. Though I would expect this to be seen as the bribe it is.

Strategically no work should be done in Scotland - as part of the reason for the work is to maintane strategic capability - and what's the point in that somewhere which may be another country soon -and a pacifist / supine one at that.

And MiaS bets the announcement will be before May 3rd, though it may be such a blatant bribe that it could be considered counter productive. But that didn't stop NuLabour spending our money on its re-election campaign with the Rover group did it ?

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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