The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Saturday 4 February 2012

What Exactly Does George Osborne Do For A Living?


George Osborne, know to his colleagues as "The Submarine" because of his habit of disappearing when there's any hint of trouble and with a reputation for being somewhat slow-witted, has been lambasted in the "Telegraph" today. The "News in Shorts" has long called him the "alleged" Chancellor because of his lack of committment to the job and because of his half-baked ideas that have delivered nothing but economic disaster. It is gratifying that the "Telegraph" agrees and calls him the "part-time Chancellor," while offering a swinging criticism of his policy towards RBS which seems to consist of having no policy at all. Essentially the article brings into the open the dangerous prevarication of Osborne who has failed to defuse the time-bomb that RBS still represents. Having allowed it to continue being run by investment bankers instead of handing it over to people who actually know what they are doing, he has also failed to break it up and it remains "too big to fail." The consequencies if it does go under, after Osborne's total failure to get to grips with it, are truely horrendous and would literally wipe this country off the map. In conjunction with Lloyds TSB their total exposure amounts to £1.6 trillion - more than the entire defence budget for a year and more than the present national debt. Yet, despite the danger this represents Osborne has effectively washed his hands of the problem while he and his cronies concentrate on pauperising the already poor. This government is not simply incompetent, elitist and vicious it is also monumentally supid. So stupid it actually represents the greatest threat to this country since Hitler threatened to invade in 1940.

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