Man in a Shed: The lynching of Fred Goodwin

Wednesday, February 01, 2012

The lynching of Fred Goodwin

He committed no crime and was not disbarred as a director. Many have done worse than him.

Yes he's a disgrace, but then so are most of the current shadow cabinet who shared in Capt. Brown streaming on the UK onto the rocks ( though Capt. Brown has disappeared - gone in an early life boat to follow Blair onto the cash making circuit ).

This is all backfiring a little on #RedEd, but then he's just leader of the opposition and no one expects him to be grown up anyway.

This looks worse for David Cameron who is shown throwing a body to the pursuing wolves in the hope of saving his own popularity.

The press may have enjoyed the lynching, but the mob has got the taste for blood now and will want feeding again soon.

Update: Goodwin backlash: no need for Westminster lynch mob

1 comment:

Anonymous said...: Bit over the top. Mr goodwin has only lost a meaningless title, not his livelihood, his freedom, his life or even his wife. Thrown to the mob or to the wolves is not a true description of events. A slap on the wrist might be.; 4:57 pm

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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