Man in a Shed: If Red Ed wins - Nick Clegg's future is nailed to the Coalition mast

Friday, September 24, 2010

If Red Ed wins - Nick Clegg's future is nailed to the Coalition mast

The bookies and punters are starting to say that Red Ed Miliband - son of the infamous marxist and brother of banana man may win with the Union vote.

If so Labour's approach to the Lib Dems will be clear. They will need to oust Nick Clegg as Lib Dem leader. ( Banana man could have enticed him to coalition with Labour, but not the head banger Red Ed who wants blood to revenge the humiliation of his sponsor Gordon Brown at Clegg's hands. )

So the left will work at splitting the Lib Dems apart ( with Red Vince Cable, Simon "the straight choice" Hughes and when not delayed by the "rail timetable" Kennedy to play with it shouldn't be too hard. After all most Lib Dem activists are really horrified by the burden of being in power rather than the postcode opportunist politics they love as a hobby. )

The Conservative aim here should be to try to offer the Orange book liberal minority in the Lib Dems a new home.

One day Nick Clegg may yet be a Conservative minister.

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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