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	<title>Comments for John Redwood&#039;s Diary</title>
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	<link>http://johnredwoodsdiary.com</link>
	<description>Incisive and topical campaigns and commentary on today&#039;s issues and tomorrow&#039;s problems</description>
	<lastBuildDate>Fri, 25 May 2012 06:47:08 +0000</lastBuildDate>
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		<title>Comment on The Bank has agreed to review its approach to the Boom and Bust of 2005-12 by Mike Stallard</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/the-bank-has-agreed-to-review-its-appraoch-to-the-boom-and-bust-of-2005-12/#comment-101494</link>
		<dc:creator>Mike Stallard</dc:creator>
		<pubDate>Fri, 25 May 2012 06:47:08 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11883#comment-101494</guid>
		<description>Perception is so important in politics - as Mr Blair, one of the most successful managers of elections, proved.

The general perception is now that the crash, which Mr Brown so cleverly managed, was all the fault of the Greedy Bankers and they ought to be given a BankerSpanking like on Deal or No Deal. Sir Fred is the worst offender, of course.

Wasn&#039;t the crash really all about a rapid excess of government borrowing to pay for the burgeoning state coupled with personal borrowing to max on the credit cards? Sooner or later, of course, the bills had to be paid. Now we are still borrowing money in the form of rapidly expanding QE. The banks have drawn in their horns and nobody knows exactly how much they are in debt themselves.

Gryff Rhys Jones, that hilarious comedian, had an angry rant about this on Question time last night.

Meanwhile, as you prove above, the government is pretending to deal with the crisis while allowing the debt and deficit to creep up.

I just cannot understand why the people in power do not just lift the regulations, reduce taxes and stand back to let the machine roar back into life. It is all there ready to go and they are standing on the brakes.</description>
		<content:encoded><![CDATA[<p>Perception is so important in politics &#8211; as Mr Blair, one of the most successful managers of elections, proved.</p>
<p>The general perception is now that the crash, which Mr Brown so cleverly managed, was all the fault of the Greedy Bankers and they ought to be given a BankerSpanking like on Deal or No Deal. Sir Fred is the worst offender, of course.</p>
<p>Wasn&#8217;t the crash really all about a rapid excess of government borrowing to pay for the burgeoning state coupled with personal borrowing to max on the credit cards? Sooner or later, of course, the bills had to be paid. Now we are still borrowing money in the form of rapidly expanding QE. The banks have drawn in their horns and nobody knows exactly how much they are in debt themselves.</p>
<p>Gryff Rhys Jones, that hilarious comedian, had an angry rant about this on Question time last night.</p>
<p>Meanwhile, as you prove above, the government is pretending to deal with the crisis while allowing the debt and deficit to creep up.</p>
<p>I just cannot understand why the people in power do not just lift the regulations, reduce taxes and stand back to let the machine roar back into life. It is all there ready to go and they are standing on the brakes.</p>
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		<title>Comment on To Beecroft or not to Beecroft by Susan</title>
		<link>http://johnredwoodsdiary.com/2012/05/22/to-beecroft-or-not-to-beecroft/#comment-101493</link>
		<dc:creator>Susan</dc:creator>
		<pubDate>Fri, 25 May 2012 06:42:55 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11875#comment-101493</guid>
		<description>Bazman and Anon

People can have as many children as they like providing they are prepared to take responsibility for them. The Government cannot expect companies or business to have to take the burden for those who take extended time off for maternity and other needs of their children. This is also unfair to their colleagues who have to pick up that work when they are missing.

Anon it is not a narrow view there is much resentment going on in the work place over this issue.

Bazman being poor is not an excuse, my Mother and Father were very poor as you would see it. They both worked and had four children to provide for. They juggled work so that neither took time off. When we were young my Father worked days and my Mother worked nights.

People need to take responsibility for themselves not expect businesses and the State to do it for them.</description>
		<content:encoded><![CDATA[<p>Bazman and Anon</p>
<p>People can have as many children as they like providing they are prepared to take responsibility for them. The Government cannot expect companies or business to have to take the burden for those who take extended time off for maternity and other needs of their children. This is also unfair to their colleagues who have to pick up that work when they are missing.</p>
<p>Anon it is not a narrow view there is much resentment going on in the work place over this issue.</p>
<p>Bazman being poor is not an excuse, my Mother and Father were very poor as you would see it. They both worked and had four children to provide for. They juggled work so that neither took time off. When we were young my Father worked days and my Mother worked nights.</p>
<p>People need to take responsibility for themselves not expect businesses and the State to do it for them.</p>
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		<title>Comment on Rise in government&#8217;s real spending in Quarter One 2012 by Mike Stallard</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/surge-in-governments-real-spending-in-quarter-one-2012/#comment-101492</link>
		<dc:creator>Mike Stallard</dc:creator>
		<pubDate>Fri, 25 May 2012 06:35:09 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11944#comment-101492</guid>
		<description>We all remember that the Coalition of all parties have stressed that their raison d&#039;être has been to reduce the debt and the deficit.

They are not doing this.

Meanwhile Ed Balls is promising long life, health and prosperity if and when he gets elected. and the boundaries are fiddled in his favour too.</description>
		<content:encoded><![CDATA[<p>We all remember that the Coalition of all parties have stressed that their raison d&#8217;être has been to reduce the debt and the deficit.</p>
<p>They are not doing this.</p>
<p>Meanwhile Ed Balls is promising long life, health and prosperity if and when he gets elected. and the boundaries are fiddled in his favour too.</p>
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		<title>Comment on Rise in government&#8217;s real spending in Quarter One 2012 by Pete the Bike</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/surge-in-governments-real-spending-in-quarter-one-2012/#comment-101491</link>
		<dc:creator>Pete the Bike</dc:creator>
		<pubDate>Fri, 25 May 2012 06:23:22 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11944#comment-101491</guid>
		<description>How can government spending be a positive? It&#039;s money that has been stolen from present or future taxpayers, cycled through an inefficiency machine and wasted on political whims. 
The GDP figures are pointless and misleading. All they measure is the rate we&#039;re spending money not productive activity. 
If we gave every unemployed person a shovel, told them to dig a hole then fill it in every day for a year and paid them a £500 a day GDP would go up, unemployment statistics would go down but does anyone believe it would be a good use of resources?</description>
		<content:encoded><![CDATA[<p>How can government spending be a positive? It&#8217;s money that has been stolen from present or future taxpayers, cycled through an inefficiency machine and wasted on political whims.<br />
The GDP figures are pointless and misleading. All they measure is the rate we&#8217;re spending money not productive activity.<br />
If we gave every unemployed person a shovel, told them to dig a hole then fill it in every day for a year and paid them a £500 a day GDP would go up, unemployment statistics would go down but does anyone believe it would be a good use of resources?</p>
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		<title>Comment on To Beecroft or not to Beecroft by Susan</title>
		<link>http://johnredwoodsdiary.com/2012/05/22/to-beecroft-or-not-to-beecroft/#comment-101490</link>
		<dc:creator>Susan</dc:creator>
		<pubDate>Fri, 25 May 2012 06:22:05 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11875#comment-101490</guid>
		<description>Uamime5

I have already answered you on the lack of skills issue. Asking the same question will not produce a different answer. State education will have to improve to give young people at least the basics to be able to take a job. Private companies cannot afford the time or the cost to educate the young to the standard required.</description>
		<content:encoded><![CDATA[<p>Uamime5</p>
<p>I have already answered you on the lack of skills issue. Asking the same question will not produce a different answer. State education will have to improve to give young people at least the basics to be able to take a job. Private companies cannot afford the time or the cost to educate the young to the standard required.</p>
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		<title>Comment on The Bank has agreed to review its approach to the Boom and Bust of 2005-12 by lifelogic</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/the-bank-has-agreed-to-review-its-appraoch-to-the-boom-and-bust-of-2005-12/#comment-101489</link>
		<dc:creator>lifelogic</dc:creator>
		<pubDate>Fri, 25 May 2012 06:17:54 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11883#comment-101489</guid>
		<description>Exactly, hugely incompetent regulation and incompetent bank rescues. Moving from too loose to far too tight now. It was hugely destructive. Why can the government, at least, not fix the banks they own so they are functional again.

Did anyone ever take any blame in the state sector - or loose their bonus as private industry collapsed all around.</description>
		<content:encoded><![CDATA[<p>Exactly, hugely incompetent regulation and incompetent bank rescues. Moving from too loose to far too tight now. It was hugely destructive. Why can the government, at least, not fix the banks they own so they are functional again.</p>
<p>Did anyone ever take any blame in the state sector &#8211; or loose their bonus as private industry collapsed all around.</p>
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		<title>Comment on Rise in government&#8217;s real spending in Quarter One 2012 by lifelogic</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/surge-in-governments-real-spending-in-quarter-one-2012/#comment-101488</link>
		<dc:creator>lifelogic</dc:creator>
		<pubDate>Fri, 25 May 2012 06:07:58 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11944#comment-101488</guid>
		<description>As you say &quot;This, of course, did not prevent an overall downturn, as the private sector is still struggling with a shortage of money, tightly regulated banks and the tax rises.&quot; 

The private sector cannot grow with the lack of demand, the bloated state sector on its back, absurd employments laws, expensive &quot;green&quot; energy, an inefficient and expensive legal system, silly regulations everywhere, bank not lending and pulling back and a complete lack of vision from Cameron. Labour to return shortly too it seems. Also a clearly anti-business business secretary.

Why would people want to invest in the UK given all this.</description>
		<content:encoded><![CDATA[<p>As you say &#8220;This, of course, did not prevent an overall downturn, as the private sector is still struggling with a shortage of money, tightly regulated banks and the tax rises.&#8221; </p>
<p>The private sector cannot grow with the lack of demand, the bloated state sector on its back, absurd employments laws, expensive &#8220;green&#8221; energy, an inefficient and expensive legal system, silly regulations everywhere, bank not lending and pulling back and a complete lack of vision from Cameron. Labour to return shortly too it seems. Also a clearly anti-business business secretary.</p>
<p>Why would people want to invest in the UK given all this.</p>
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		<title>Comment on The Bank has agreed to review its approach to the Boom and Bust of 2005-12 by Gary</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/the-bank-has-agreed-to-review-its-appraoch-to-the-boom-and-bust-of-2005-12/#comment-101487</link>
		<dc:creator>Gary</dc:creator>
		<pubDate>Fri, 25 May 2012 06:07:40 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11883#comment-101487</guid>
		<description>You cannot centrally plan an economy. It is impossible. The best speculators in the world, staking their own money , cannot be correct more than about 60% of the time. A general bank is far less nimble and their policies are a sitting duck for arbitrage. Eg. Front running QE is child&#039;s play to the banks. 

The central banks are even now making a far bigger  mistake than they made previously. They have caused massive govt bond price inflation. This is not measured in their basket. When that bubble bursts there will almost certainly be an instant hyperinflation. The central bank socializes risk. It mis prices money. It is a central planning cartel. Free markets cannot operate with this quango.

Get rid of the central bank. You cannot reform it.</description>
		<content:encoded><![CDATA[<p>You cannot centrally plan an economy. It is impossible. The best speculators in the world, staking their own money , cannot be correct more than about 60% of the time. A general bank is far less nimble and their policies are a sitting duck for arbitrage. Eg. Front running QE is child&#8217;s play to the banks. </p>
<p>The central banks are even now making a far bigger  mistake than they made previously. They have caused massive govt bond price inflation. This is not measured in their basket. When that bubble bursts there will almost certainly be an instant hyperinflation. The central bank socializes risk. It mis prices money. It is a central planning cartel. Free markets cannot operate with this quango.</p>
<p>Get rid of the central bank. You cannot reform it.</p>
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		<title>Comment on The Bank has agreed to review its approach to the Boom and Bust of 2005-12 by Mick Anderson</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/the-bank-has-agreed-to-review-its-appraoch-to-the-boom-and-bust-of-2005-12/#comment-101486</link>
		<dc:creator>Mick Anderson</dc:creator>
		<pubDate>Fri, 25 May 2012 06:06:02 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11883#comment-101486</guid>
		<description>Some of the blame must also lie with the profligate politicians. They were both setting the tone of buy now pay later, and sucking vast sums of tax from the private sector to fund their largess.

If Mr Brown had not been &quot;investing&quot; so enthusiastically, people and businesses would have had more of their own hard-earned money left, and would not have taken on so much debt. Nor should he have been allowed to believe that he had &quot;ended boom and bust&quot;.

You would have thought that Mr Osborne would at least try to learn from recent history, and reduce spending....</description>
		<content:encoded><![CDATA[<p>Some of the blame must also lie with the profligate politicians. They were both setting the tone of buy now pay later, and sucking vast sums of tax from the private sector to fund their largess.</p>
<p>If Mr Brown had not been &#8220;investing&#8221; so enthusiastically, people and businesses would have had more of their own hard-earned money left, and would not have taken on so much debt. Nor should he have been allowed to believe that he had &#8220;ended boom and bust&#8221;.</p>
<p>You would have thought that Mr Osborne would at least try to learn from recent history, and reduce spending&#8230;.</p>
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		<title>Comment on The Bank has agreed to review its approach to the Boom and Bust of 2005-12 by norman</title>
		<link>http://johnredwoodsdiary.com/2012/05/25/the-bank-has-agreed-to-review-its-appraoch-to-the-boom-and-bust-of-2005-12/#comment-101485</link>
		<dc:creator>norman</dc:creator>
		<pubDate>Fri, 25 May 2012 05:53:07 +0000</pubDate>
		<guid isPermaLink="false">http://johnredwoodsdiary.com/?p=11883#comment-101485</guid>
		<description>I realise we&#039;ve long since waved goodbye to the boom but hadn&#039;t realised we&#039;d entered the bust phase yet. I&#039;ve been under the impression all the nonsense we&#039;ve been through the last few years was designed to hold reality at bay and the real bust is yet to happen.

Good to know. Probably should print some money to celebrate, a hundred billion seems a not unreasonable sum.</description>
		<content:encoded><![CDATA[<p>I realise we&#8217;ve long since waved goodbye to the boom but hadn&#8217;t realised we&#8217;d entered the bust phase yet. I&#8217;ve been under the impression all the nonsense we&#8217;ve been through the last few years was designed to hold reality at bay and the real bust is yet to happen.</p>
<p>Good to know. Probably should print some money to celebrate, a hundred billion seems a not unreasonable sum.</p>
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