Man in a Shed: Portillo on R4 Today on EPP

Thursday, June 15, 2006

Portillo on R4 Today on EPP

Michael Portillo is being wheeled out by BBC Radio 4 this lunch time to comment on the problem Dave Cameron is having with leaving the EPP. ( Is he becoming the new Michael Heseltine as the favoured route to undermine the Conservative party ? )

Is there a media campaign starting to stop Cameron ?

I'm waiting to listen to what is said:
.......
The BBC line on this seems to be what does this tell us about David Cameron's leadership. Portillo calls the pledge to withdraw a mistake and damaging. He's saying DC can't be seen by Bush (Iraq war) European leaders (EPP). MP repeats that its an error and he should break his pledge. Describes the pledge as a moment of weakness by DC.

So its the usual Heseltine style full support then! The BBC will be pleased.

Major was right on Portillo. His judgment is highly suspect - I stopped holding him in any high regard after that SAS speech to the party conference - and I wasn't the only one-, and voted IDS in the leadership election accordingly.

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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