The ‘Political Consequences Of Mr Brown’. Now that Ed Balls is now the Leader of the Labour Party (De Facto) he is calling for a plan B to stop jobs being lost.
How about this one stop the war, reduce the State to 15% of GDP and start wholesale tax cuts.
When the recession started private industry was flexible it laid people off, it entered into short term agreements with its employees and suppliers. When the recession hit the banks they ran to the Government and extracted subsidies of mind boggling proportions.
This was money that had been promised to be used for schools, hospitals, doctors and other social necessities. Instead because Brown panicked, these involuntary contributions called taxes were diverted to prop up the big banks. This sucked mind boggling amounts of money out of the productive economy and allowed the Banks to become part of the State.
This was the economic equivalent of draining all the oil out of the motor of the economy and sticking a potato in the exhaust, then expecting the motor to run efficiently and for private industry to pull Britain out of recession.
Before effectively seizing up the engine, it never occurred to George, to get the ‘passengers’ crammed into the car, sitting on the roof, the bonnet and boot off, instead he said the reason the car of State was not moving forward was because there was a bit of snow.
Just because the passengers are threatening to bring the car to a halt because they do not want to get off and push, by going on strike, there is no need to start taking the spark plugs and distributor off the seized engine by increasing the numbers caught in the 40% tax bracket and increase the price of the petrol for the engine by zapping up the price of fuel through VAT.
Andrew Withers- Libertarian Party