Osborne To Outlaw Keynesianism.

Britain's leading economic ignoramus and the Tory party's idea of a genius has set out his plan to outlaw Keynesianism during his Mansion House speech. For those of you who don't understand what Keynesianism actually is it was the method by which the Depression of the 1930's was ended and works because it stimulates a floundering economy by putting money into the hands of those who need it the most - the poor. This is in contrast to the preferred Tory method of cutting taxes for the very rich who then proceed to hoard their money hoping that things will get better all on their own. It was this Tory method, now called "austerity", that prolonged the Depression of the 1930's for the entire decade and destroyed the lives of millions to benefit a tiny minority of the rich and greedy. Now George Osborne wants to pass this economic insanity into law to benefit himself and his rich mates and to ensure that, in any future economic downturn, it will be the poor who will pay for it. The rich, during times of boom, will get richer and, when they screw it all as their natural propensity for criminality is given free rein, it will be the poor who will be forced to pick up the tab. As such it is nothing more than the usual "heads we win, tails you lose" ideology that the Tory party favours. That they will get away with it reflects two unfortunate political realities. First, there is no real democracy in a Britain where 63% of voters did not vote for this sorry excuse for a government and, second, because the British people will completely fail to understand any of the issues involved. Osborne is also eagerly awaiting the response from the Labour party to his carefully laid trap. If Labour agrees with this idiocy Osborne will have completely neutered the opposition, forcing them to accept what will amount to a new economic orthodoxy. If they don't agree he will gleefully paint them as "economically irresponsible" and, once again, saddle us all with his "heads we win, tails you lose" confidence trick. Having lost our soul to those who have turned the war against poverty into a war against the poor, we are now being invited to lose our wits.

Cameron On The Side Of The Banks.

In Iceland corrupt bankers and politicians were arrested and the huge debts that they had imposed on the country in order to line their own pockets were repudiated. As a result Iceland's economy not only recovered faster than any other economy in Europe, it is now growing at a faster pace than either the United States or Europe. Meanwhile in Britain David Cameron has used the occasion of the Mansion House Speech, by tradition a speech dedicated to foreign policy, to make it clear that he not only supports the banks but is wholly on their side. Warning that "trashing" the banks risks "trashing" the country, he laid out the fatcat view of the world. Essentially while the banks "trashed" the entire world economy because they were greedy, stupid and completely out of control, David Cameron thinks it is time for us to forgive and forget. "Go back to sleep" he urges us, "the economy is safe in our hands. We've instituted new controls over the banks whereby errant bankers will be severely punished if they break the rules - that is exiled to a sunny climate with only a few million quid to live on. Other than that it's business as usual. Just pay your taxes, accept the cuts to your standard of living and services, pay through the nose for petrol, gas and electricity and let the banks do what they want and everything will be tickety-boo." Referring to his recent jaunt around the world to sell arms to various nasty regimes who like to kill their own people if they disagree with them, the Prime Minister assured the country; "Don't worry about things like that. Every country has the right to kill, maim and intimidate if it likes and the arms trade is completely justified if the businesses involved are privatised. There is nothing wrong with profits, especially if some of it is diverted to the Tory party through "donations"".

Osborne Launches New Idiotic Scheme.

As promised in his Mansion House speech George Osborne has launched yet another useless and idiotic scheme to make it look as if he's doing something. Essentially he has offered the banks yet more money on the proviso that they lend it on easy terms to businesses and would-be home owners. Great idea if you ignore the facts - that business doesn't want to expand their operations in such an uncertain economic climate and that people simply cannot afford the over-inflated property prices no matter how low the interest rates. The fact that his scheme, as far as mortgage lending is concerned, would simply increase the problem of sub-prime lending doesn't even register on his dim intellect. As usual George Osborne has got it all arse about face and has succeeded only in raising the shareprices of the banks. It would have been cheaper and more cost effective to simply build more houses, stimulating the economy and reducing house prices at the same time. Simples! Too simples for this ideologically driven moron who's thinking is bound by the need to save an economic system that is not worth saving.

The Mansion House Speech And Other Fairy Tales.

Benjamin Disraeli once boasted that, when he became Prime Minister, he had "reached the top of the greasy pole." Today George Osborne, in his Mansion House Speech, has boasted that under his stewardship Britain has manged to scramble to the top of a financial house of cards. Essentially he is claiming victory in his campaign to patch up the world financial system while Britain retains its preeminent position. How he has achieved this can be seen in the new child poverty figures. These show that child poverty has fallen by 2%. Wow, you might say. Unfortunately this doesn't mean that poverty has actually been reduced in Britain. Poverty is measured against the standard of median earnings and is merely a comparative figure not an absolute measurement. The Tories, in fact, have achieved this triumph by the simple expedient of reducing average earnings - by making all ordinary people poorer. Meanwhile the wealthiest 1% have continued to get richer while executive pay, despite ever-louder protests from shareholders and public alike, has continued to accelerate ever upwards. Greed in the financial lifeblood of the country is still rampant and has been encouraged by George Osborne with a massive tax cut to the wealthy in his budget and promises of more to come even while the rest of us still face deeper and deeper cuts to our services, rights and income. Many believed that, with the collapse of the world financial system, a revolution was under way. They were right. Unfortunately that revolution did not herald change but more of the same. The Tories answer to greed is more greed, their answer to growing inequality is to accelerate the process and their answer to the crisis in democracy is to weaken it even further.