The Tories are today celebrating a return to the disastrous conditions that almost destroyed the world economy in 2008 while George Osborne is reported to be "gobsmacked" that both the Bank of England and the EU have warned him that his housing policy is insane. House prices in Britain have risen by 11.1% over the last year, forming the only tangible element in Osborne's so-called recovery. Meanwhile homelessness is on the increase even as disposable income shrinks in the face of the spiralling cost to those forced into renting property. In other words we have a "recovery" which is confined purely to a wealthy class of rentier property owners. While exports falter, manufacturing remains stagnant, wages continue to shrink and house building continues to languish our national debt is out of control. This is because increasing house prices does nothing to improve the balance of payments but does encourage debt as house owners borrow against the notional value of their property. All that Cameron and his idiot "fag" Osborne have done is to reinvent the wheel - and a broken worn out one at that. But the Tories have at least achieved their main aim of rewarding their rich mates in London especially in the banking industry. They love to berate Labour for the crash in 2008 after following an economic policy that everyone else in the world, including them, cheered on. In 2014 we should all know better so what is the Tories excuse for following exactly the same path? Essentially they don't have one, they are simply greedy chancers hoping to feather their own nests before the next economic downturn sees them thrown out of Downing Street. While the rest of us are scratching our heads and wondering when the recovery will benefit us they are busy stuffing their offshore bank accounts with tax free money and greedily eyeing the NHS as they prepare it for privatisation. At best the Tories are snake oil salesmen, at worst they are criminal asset strippers with all the patriotism expected from a party financed by corporate big business.
Tuesday 3 June 2014
Tories Achieve Their Chief Aim.
The Tories are today celebrating a return to the disastrous conditions that almost destroyed the world economy in 2008 while George Osborne is reported to be "gobsmacked" that both the Bank of England and the EU have warned him that his housing policy is insane. House prices in Britain have risen by 11.1% over the last year, forming the only tangible element in Osborne's so-called recovery. Meanwhile homelessness is on the increase even as disposable income shrinks in the face of the spiralling cost to those forced into renting property. In other words we have a "recovery" which is confined purely to a wealthy class of rentier property owners. While exports falter, manufacturing remains stagnant, wages continue to shrink and house building continues to languish our national debt is out of control. This is because increasing house prices does nothing to improve the balance of payments but does encourage debt as house owners borrow against the notional value of their property. All that Cameron and his idiot "fag" Osborne have done is to reinvent the wheel - and a broken worn out one at that. But the Tories have at least achieved their main aim of rewarding their rich mates in London especially in the banking industry. They love to berate Labour for the crash in 2008 after following an economic policy that everyone else in the world, including them, cheered on. In 2014 we should all know better so what is the Tories excuse for following exactly the same path? Essentially they don't have one, they are simply greedy chancers hoping to feather their own nests before the next economic downturn sees them thrown out of Downing Street. While the rest of us are scratching our heads and wondering when the recovery will benefit us they are busy stuffing their offshore bank accounts with tax free money and greedily eyeing the NHS as they prepare it for privatisation. At best the Tories are snake oil salesmen, at worst they are criminal asset strippers with all the patriotism expected from a party financed by corporate big business.
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