Man in a Shed: What the Euro elections tell us

Tuesday, June 09, 2009

What the Euro elections tell us

The EU is pretty unpopular and getting more so.
Labour's core vote is collapsing, staying at home or voting BNP.
The Conservatives have weathered to expenses/allowances issue as a party so far ( the impact on individual MPs may however be more extreme ).
UKIP could keep Labour and Lib Dem MPs in their seats in a few cases.
These elections don't tell us very much about the behaviour of the only interested in politics and vote at general election time butterfly swing voters - which is a shame as they are the ones who effectively choose the government of our country by their impact in marginals. I suspect these people are very different from the people who left Labour to vote ~~National Socialist~~ BNP.

OK its late now, I'm off to bed.

I'm disappointed that Brown has been allowed to disgrace our country as PM for a few more months as he will do more lasting damage in that time. However from the point of view of the Conservatives its good news.

As I blogged earlier Labour had the opportunity of a dream set of events to control the media agenda and bury its mistakes and they fluffed 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