To Spend or Not To Spend…
Posted by richstakounis on 14th February 2010
Does anyone else think that Labour are almost guaranteed to win the next election?
David Cameron and his travelling circus almost seemed a viable alternative. Right up until the moment they started revealing their policies.
The latest of which is a promise to cut, cut, cut within days of coming to power. What they fail to realise is that every cut that gets made will have a knock-on effect to services being purchased from the private sector. Unemployment will rise, interest rates will fall, and we’ll be back into decline along with our Italian, German, and Spanish friends.
Where-as Labours policy seems rather more sensible to me. Let the Government take the strain, wait until the country has it’s own momentum in the direction of growth (lets say a year – well, actually the boffins said ‘a year’ as that’s when they’ve forecast the economy will be strong enough), THEN cut the deficit over a very reasonable 4 years to a tune of 50%.
We seem to have a party that will say what it thinks people want to hear, wihtout actually using relevant data to inform themselves. I want my economic policy decided by a trained economist, who is being fed with all the latest data and opinions from across the globe, to then create a steady, conservative approach to deficit reduction, growth, and job creation. What I don’t want is a party lurching around, changing it’s policies based on Daily Mail headlines regarding the state of our finances.
Economies go into recession when people stop spending, so the very last thing we need is the Government to lead the charge. Four years is ample time to clear the deficit in my book.
The only thing that worries me about a Labour win is the effort their ministers and think-tanks put into social engineering policies. Things like raising the minimum price of alcohol; what a crock! Government should concentrate on the big things. Over the past 13 years Labour have succeeded in a lot of ‘big’ areas; things like Independence to the Bank Of England, Stopping genocide in Kosovo, The Northern Ireland Peace Treaty, repealing Section 28, creating Civil Partnerships and equal rights for same-sex couples, leading the charge to whip off African Debt, the smoking ban creating the amazing entertainment space which is the O2 Arena and surrounding area (which is already making more money than it cost), the successful Olympic bid which is creating Billion of Pounds worth of regeneration to hundreds of acres of land across the country, and we have led the world on climate change, 3rd world debt, resolving the financial ‘crisis’ amongst other things. But all of these things have been mired by other things like ASBO’s, and those crazy children’s savings account things!
I may update this later, but it’s Valentine’s day and I have preparations to make for my Valentine!
Tags: article, Conservative, David Cameron, Election 2010, Gordon Brown, government, Labour, linkedin, media, news, Politics, response
Posted in Bad Ideas, Columntary, Discussion, I Saw This, Social Commentary | 16 Comments »




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