Comments on: George Osborne is right to warn of too much borrowing http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/ Incisive and topical campaigns and commentary on today's issues and tomorrow's problems Thu, 24 May 2012 10:38:06 +0000 hourly 1 By: Julie Richards http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8101 Julie Richards Mon, 17 Nov 2008 15:28:15 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8101 Keep going George, keep driving home the point that for years we've been fed on lies, more lies and mega lies. Labour's transparency is like a mud mire with continual deceit and total lies. They just don't know how to tell the British public the truth. So much for the son of the manse!! Certainly don't resign your job, we want honesty, transparency from you and your mates in Westminster. Keep going George, keep driving home the point that for years we've been fed on lies, more lies and mega lies. Labour's transparency is like a mud mire with continual deceit and total lies. They just don't know how to tell the British public the truth. So much for the son of the manse!!

Certainly don't resign your job, we want honesty, transparency from you and your mates in Westminster.

]]> By: Tony Makara http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8100 Tony Makara Mon, 17 Nov 2008 00:46:33 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8100 Gordon Brown's prime objective right now is not to save the British economy but to win the next election. If he can create the 'appearance' of a revival in economic fortunes he believes it may well be enough to give him five more years in charge of our country. There is a problem though for Brown, at times when interest rates are cut and the currency weakens it is exports that lead the economic revival, however our capacity to export under Labour has severely weakened as both our manufacturing and agricultural sectors have shrunk. Gordon Brown's service-economy is entirely dependent on credit fuelled domestic demand and right now debt has completely surpressed that demand. So, there will not be any sort of permanent economic revival, Brown knows this of course, but if he can create the illiusion, it might just be enough to return him to number ten. Gordon Brown's prime objective right now is not to save the British economy but to win the next election. If he can create the 'appearance' of a revival in economic fortunes he believes it may well be enough to give him five more years in charge of our country. There is a problem though for Brown, at times when interest rates are cut and the currency weakens it is exports that lead the economic revival, however our capacity to export under Labour has severely weakened as both our manufacturing and agricultural sectors have shrunk. Gordon Brown's service-economy is entirely dependent on credit fuelled domestic demand and right now debt has completely surpressed that demand. So, there will not be any sort of permanent economic revival, Brown knows this of course, but if he can create the illiusion, it might just be enough to return him to number ten.

]]> By: Steve http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8099 Steve Mon, 17 Nov 2008 00:14:58 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8099 John, George makes the mistake of trying to predict the future. He would be better off at this stage to continue to ram home the message that we are in this position because of New Labour actions and policies. State "labour has already caused a run on Sterling greater than any time before". As the value of Sterling has fallen relative to other currencies the UK cannot have been equally impacted by the economic problems facing all countries. John,

George makes the mistake of trying to predict the future. He would be better off at this stage to continue to ram home the message that we are in this position because of New Labour actions and policies. State "labour has already caused a run on Sterling greater than any time before". As the value of Sterling has fallen relative to other currencies the UK cannot have been equally impacted by the economic problems facing all countries.

]]> By: mikestallard http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8098 mikestallard Sun, 16 Nov 2008 23:28:22 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8098 Mr Brown, as I read it, is a man with a mission. That mission is to improve people's lot in life. Unemployment, single mothers, the NHS, Education, Social Services, are all part of this package. and he really means it. He wants all these things to be world class. Add in global warming and Britain becoming "the Gulf States of the North" with its wind farms, and - bingo! - you have a lot of things to pay for. He has always overspent. First, there were things he could sell off and tax. It didn't seem to matter much at the time. People groaned and carried on. Now the cupboard is bare and he has nobody who will lend any more money to him. So he is trying, desperately, to follow the money into the Far and Middle East. That, I suggest, is why such an intelligent and caring man has done this incredibly stupid act of bankrupting our country. The most dangerous politicians (in every country) are the ones with ideals which they ruthlessly follow without taking advice from experts who know what is going on. Mr Brown, as I read it, is a man with a mission. That mission is to improve people's lot in life.
Unemployment, single mothers, the NHS, Education, Social Services, are all part of this package. and he really means it. He wants all these things to be world class. Add in global warming and Britain becoming "the Gulf States of the North" with its wind farms, and – bingo! – you have a lot of things to pay for.
He has always overspent. First, there were things he could sell off and tax.
It didn't seem to matter much at the time. People groaned and carried on.
Now the cupboard is bare and he has nobody who will lend any more money to him. So he is trying, desperately, to follow the money into the Far and Middle East.
That, I suggest, is why such an intelligent and caring man has done this incredibly stupid act of bankrupting our country.
The most dangerous politicians (in every country) are the ones with ideals which they ruthlessly follow without taking advice from experts who know what is going on.

]]> By: Richard http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8097 Richard Sun, 16 Nov 2008 20:38:52 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8097 Unfortunately while GO is entirely correct to warn about sterling, it gives the BBC/Labour the opportunity to spread the blame - as in Andrew Marr's comment today: if sterling now falls further, it will be due to GO's lack of judgement! Unfortunately while GO is entirely correct to warn about sterling, it gives the BBC/Labour the opportunity to spread the blame – as in Andrew Marr's comment today: if sterling now falls further, it will be due to GO's lack of judgement!

]]> By: Acorn http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8096 Acorn Sun, 16 Nov 2008 19:27:51 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8096 Welcome to to the Starship Redwood Mr C; I agree with you. The plebes don't understand that the value of a nations currency is the equivalent of a companies share price. When confidence drops in a company's future earning power, its share price drops. It is exactly the same for a nation's currency value. Osborne should be shouting this fact. Welcome to to the Starship Redwood Mr C; I agree with you. The plebes don't understand that the value of a nations currency is the equivalent of a companies share price. When confidence drops in a company's future earning power, its share price drops. It is exactly the same for a nation's currency value. Osborne should be shouting this fact.

]]> By: Mr C http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8095 Mr C Sun, 16 Nov 2008 16:37:52 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8095 George Osborne's comments about Sterling are correct. Osborne needs to keep pushing on the issue. Osborne has clearly hit a nerve, hence the shrill reaction to his comments by Brown and the New Labour establishment. Unlike many aspects of this financial crisis, the decline in Sterling is easily demonstrated to the voting public. The fall in our currency directly contradicts Brown's assertions that Britain is best placed of the major industrial economies to ride out the recession and that our current difficulties are primarily the fault of others overseas. Sterling’s decline fixes the blame where it should be-on Brown and the incompetent Labour Government. Once the public's attention is directed to this issue all Brown's sophistry and international show-boating will count for nothing. Good. By staying silent, Osborne and others would be colluding in the deception Brown and his government are playing on the British public. George Osborne's comments about Sterling are correct. Osborne needs to keep pushing on the issue. Osborne has clearly hit a nerve, hence the shrill reaction to his comments by Brown and the New Labour establishment.

Unlike many aspects of this financial crisis, the decline in Sterling is easily demonstrated to the voting public. The fall in our currency directly contradicts Brown's assertions that Britain is best placed of the major industrial economies to ride out the recession and that our current difficulties are primarily the fault of others overseas.

Sterling’s decline fixes the blame where it should be-on Brown and the incompetent Labour Government. Once the public's attention is directed to this issue all Brown's sophistry and international show-boating will count for nothing. Good.

By staying silent, Osborne and others would be colluding in the deception Brown and his government are playing on the British public.

]]> By: Freddy http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8094 Freddy Sun, 16 Nov 2008 12:55:21 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8094 Re : Lola "What still entirely puzzles me is why Brown has done this to the country. I mean the man is not a total idiot, surely? He must have known what his policies would do the UK finances? So why has he done this? What does he hope to achieve?" Brown has had a decade of people telling him he is the most wonderful chancellor in history, he is super-prudent, he is an economic genius, blah, blah, blah. His character is weak enough that he already believed this anyway. So, in answer to your question, I find it highly likely that he not only did not know what his policies would do, but, also, he still does not accept what they have done. Re : Lola
"What still entirely puzzles me is why Brown has done this to the country. I mean the man is not a total idiot, surely? He must have known what his policies would do the UK finances? So why has he done this? What does he hope to achieve?"

Brown has had a decade of people telling him he is the most wonderful chancellor in history, he is super-prudent, he is an economic genius, blah, blah, blah. His character is weak enough that he already believed this anyway.
So, in answer to your question, I find it highly likely that he not only did not know what his policies would do, but, also, he still does not accept what they have done.

]]> By: jean baker http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8093 jean baker Sun, 16 Nov 2008 12:45:07 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8093 Lola, Private Funding Initiatives yield vast profits for 'closed shop' labour unionists paid for by vast borrowings against taxpayers. Rife in NHS, elderly care, now introduced in the police - government linked private contracts - Nulabor's wealth distribution. Fat cats wish to maintain lucrative deals funded by unaffordable borrowings. Appeasing immigrants, benefits sector is 'vote' related to the detriment of the rights of 'middle England's' taxpayers and British workers. Nulabor aims to decimate democratic rights, English culture, heritage and sovereign nation for self serving unionist profit. Lola,

Private Funding Initiatives yield vast profits for 'closed shop' labour unionists paid for by vast borrowings against taxpayers. Rife in NHS, elderly care, now introduced in the police – government linked private contracts – Nulabor's wealth distribution. Fat cats wish to maintain lucrative deals funded by unaffordable borrowings. Appeasing immigrants, benefits sector is 'vote' related to the detriment of the rights of 'middle England's' taxpayers and British workers. Nulabor aims to decimate democratic rights, English culture, heritage and sovereign nation for self serving unionist profit.

]]> By: Lola http://johnredwoodsdiary.com/2008/11/15/george-osborne-is-right-to-warn-of-too-much-borrowing/#comment-8092 Lola Sun, 16 Nov 2008 10:38:24 +0000 http://www.johnredwoodsdiary.com/?p=2098#comment-8092 Yes, I know that but that's the 'what'. The question is why? Why pursue policies like these, and others, that are absolutely bound and certain to impoverish us? At some stage there will always be a reckoning and the result of which we are now seeing. So what could Brown hope to gain from his policies? Yes, I know that but that's the 'what'. The question is why? Why pursue policies like these, and others, that are absolutely bound and certain to impoverish us? At some stage there will always be a reckoning and the result of which we are now seeing. So what could Brown hope to gain from his policies?

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