Spin of recovery is just for a summit

Wow! If you add Obama spin to Brown spin you get quite a movement. Between them their spin machines helped lift world markets and get people talking of green shoots of recovery.

Now the spin machine has moved on. The spin was just for the summit. They leave investors with their losses and companies struggling for orders. The reality is that the underlying economies are still mired in recession. The UK industrial output figures have just got a lot worse. Why would you expect anything else? The huge monetary stimulus from lower interest rates was administered around one year too late. It did not start until the autumn of last year. You should not expect any great results from it for at least a year from its commencement.

The Obama machine has gone into overdrive both to tell us the US wants to be friends with Muslims,and to tell us he admires US soldiers fighting in the Middle East. In his honeymoon with the European media he can probably get away with that sort of thing. The Darling spin machine has started to tell us maybe we are overdoing the borrowing. Even Mr Brown seems to have backed down this morning, and agreed with his Bank Governor and Chancellor that pumping up the deficit more as a result of new policy action would not be a smart move. Let’s be grateful for small mercies.

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4 Comments

  1. Posted April 8, 2009 at 7:00 am | Permalink

    Spin or not I would sooner listen to Obama than Brown, at least he looks and sounds sincere.
    Time will tell if he (Obama) will be the man for the job.
    The Jury is still out as yet.

  2. Posted April 8, 2009 at 7:36 am | Permalink

    I have noticed, that, now the summit is over, Brown is pre-empting the budget by talking about thousands of green jobs that will be created. These are probably non jobs with a primary purpose of extracting money from the public to pay for his excesses. I also noticed that “to maintain fairness” money should be supplied to the commercial news companies, so that they can compete with the BBC news. Am I being too suspicious in thinking that will make the commercial news companies be as biased towards this government as is the BBC. Of course I’m not being too suspicious, how could anyone be with this mob.

  3. Posted April 8, 2009 at 8:52 am | Permalink

    “Let’s be grateful for small mercies.” But should we believe a word they say? I certainly don’t.

  4. Posted April 8, 2009 at 9:01 am | Permalink

    I am reading a book called “Liberal Fascism”.
    The similarity between the two ideas seems to be that they are both “progressive”; they both want to improve people by the use of State bureaucracies; they both have set ideas about health, sex and race which cannot even be discussed; they both look for populist leaders who can interpret the “real” desires of the people.
    Well, we have certainly got the populist leaders, haven’t we!

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    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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