September 19th, 2009

Brillo v Cable : Like Boiling a Frog

Brillo-v-CableJust watched the Straight Talk interview (on iPlayer here).  It starts off easy enough, Cable perhaps expecting the usual “You saw it all coming and you can dance as well Mr Cable?” type of fawning interview he sometimes gets.  Brillo lures Cable into admitting to some fundamental policy flip-flops.  Twinkle-toes ends up blinking as badly as Ed Balls did under cross examination.  How anyone could think Vince called the crisis right after watching this interview amazes Guido. It was like watching a frog boil, Cable got more and more agitated as Brillo turned up the heat.

See also Cable Admits He Got Crisis Wrong


138 Comments

  1. 1
    cogitodexter says:

    I’ve always like Andrew Neil, even if he does sometime appear a bit star-struck by his political guests.

    Good on him this time for exposing the shallowness of the LibDems’ warblings on the subject.

    Like

    • 58
      Matron says:

      Brillo socked it to him good and proper go backing to teaching Mr Cable and leave the real work to the pro’s even your former student Brillo has surpassed you.

      Like

      • 67
        Nick Drew says:

        Cable is the perfect exemplar of the old principle:

        people vote for whomever they feel comfortable with

        deserve ain’t got nothin to do with it

        Like

        • 110
          Fred Goodwin's Duck Palace says:

          Cable did indeed get some things wrong.
          He is no Roubini or Taleb or Buffet.

          But in the world of the blind where Brown, Darling, Cameron and Osborne operated he is the one eyed man.

          Like

      • 94
        Nazi Moderator says:

        Attention mongoloids. There are two rules to Guido Club.

        1. You shall not laugh and point when Guido refers to himself in the third person.
        2. You shall not laugh and point when Guido refers to himself in the third person.

        That is all. Continue.

        Like

  2. 2
    Fees Office Clerk says:

    “Brillo interviews Brown” Now that’s a show I’d pay good money to watch!

    Like

  3. 3
    VC says:

    It is called Hard Talk. not Fawning Talk. What else did you expect?

    Like

  4. 4
    Demetrius says:

    In dance terms, Vince is one who follows rather than leads. Most times it looks convincing, but sometimes the timing and moves are such to tell you that he is not quite as good as those at the front.

    Like

  5. 6

    Shiver me timbers it’s “Talk Like A Pirate Day”.

    Let’s send those scurvy crew of the House of Commons to Davy Jones Locker!

    Like

  6. 7
    Fees Office Clerk says:

    I see that Nick Clegg is to establish a unit at Liberal Democrat HQ to attack Cameron and Osborne. Clegg should be attacking Brown and New Labour and their 12 years of incompetence. I suspect that this is going to backfire on Clegg and he will be replaced as LibDem leader after the General Election.

    Like

    • 11
      Cassandra King says:

      Clagg is doing Browns dirty work because the libdems have been in secret talks with newlabour for a while now, the dubious duo have one slim hope of power and that is the liblab pact.
      Only a coalition of the two has any chance of gaining power now with a fantasy hope that the greens will add a few too, its a vain hopeless endeavour bound to fail, but they are so desperate for a sniff of power they would sell everyone in the UK to fucking Zimbabwe if it would buy them a sniff of power.

      The scheming dirty fuckers could walk upright under the belly of a snake.

      Like

      • 103
        ex Libris says:

        Vichy would-be leaders – disgusting bunch, would never, ever win in a straight fight so have to cheat their way in – just like those Plaid Cymru tarts – would do anything for a chance of power.

        Like

      • 125
        AN Elephant says:

        Clearly they are either more forgetful than me, who has only ever fallen into an elephant trap once, or they have ridiculous fantasies about inflating themselves up to my size and occupying the living room.

        Like

    • 12
      Sod 'em all says:

      I disagree. CMD’s touchy-feeling Nu Conservatives (black/women quotas fulfilled) is the most likely party to win. Labour’s wreckord speaks for itself. No point in attacking them over their obvious-to-everyone trashing of the economy.

      Like

    • 14
      Anonymous says:

      Funny I thought that too.

      Like

    • 116
      formerly Tory Troll at Labout list says:

      Hush my friend – let them follow their chosen path to their doom.

      Like

  7. 9
    Sod 'em all says:

    Brillo? More like Shredded Wheat these days.

    Like

  8. 13
    Papasmurf says:

    Great when Cable is being pressed on whether Clegg had approved Cable’s report.

    “He has approved it, yes.” GULP. Oh dear what will Clegg make of that when it goes tits up?

    Like

  9. 15
    Papasmurf says:

    Guido… bit concerned that you have torturing tendencies .. when exactly did you watch a frog boil? 13, 14, 24, 34 just what age were you?

    Like

  10. 17
    Olly boy says:

    Completely found out! Love it.

    Like

  11. 22
    nell says:

    A recent populus poll found Vince Cable to be the most trusted politician amongst ‘across the board voters. Cameron came in second.

    mandy and gordon came in last.

    I don’t think Vince Cable’s performance on Straight Talk will affect his poll ratings and his ability to say he made a mistake will only add to his popularity as voters have got so fed up with gordon trying to blame someone else for the mistakes that he’s made.

    I’m still hoping that the LibDems can pull themselves into the second position after the next GE consigning labour to third place overall.

    Like

    • 30

      Labour could come 4th after UKIP and the Lib Dums.

      Like

      • 32
        gramscian infiltration says:

        I want to see voting Labour as socially acceptable as genital herpes after the next election.

        Like

      • 36
        R.McGeddon says:

        ‘Kin ‘ell !! If that happens all my Christmases will have arrived on one day !!
        We can but dream; Labour’s hardcore would even vote for an ass if it was their leader ( THINKS- They’ve already got one. It’s called Gordon ) and together with that part of the electorate, the ‘Client State’, a very poor second place is virtually a done deal.
        Nick Cleggover and a dirty tricks department would almost certainly backfire.
        ( THINKS AGAIN – dirty tricks, backfire ? I thought Mark Oaten was leaving ? )

        Like

        • 65
          Anonymous says:

          Sadly I think you’re right.

          The LibDems are dangerous on the EU, often good on other stuff.

          But Gordon has literally millions of dolescum, diversity outreach workers, equalities staffers, wheelie bin inspectors and countless other pretend-job types, plus of course in many areas lots of industry relying on government contracts (in some urban areas the public sector dominates to soviet levels) – they will keep voting for Labour as Labour will keep giving them money. Simple as that.

          Many years ago I think one was not allowed to vote if on the public payroll. Obviously that would be wrong today with soldiers, nurses, teachers – but there are so many now who openly use voting to vote themselves other people’s money it is frustrasting.

          Like

        • 74
          TheCourtOfPublicOpinion says:

          Unfortunately you are correct, as demonstrated by the salford simpletons when they just re-elected “Flipper” Chipmunk.

          Like

    • 86
      Pigman says:

      He answered the question asked. He didn’t run from the question nor attack the questioner. He has the humility to admit he was wrong when he has changed his mind. I felt that he handled it very well.

      No wonder he is liked – he is unique.

      Like

      • 90
        City of Vice says:

        Fair point. I too think Cable is both overrated and wrong. But at least he admitted tha he WAS wrong over the HBOS merger thing as opposed to going down the lying evasive bollox we get from Darling and Brown. Cable’s elevation to financial guru status has much more to do with the financial illiteracy of the BBC / Guardianista types. They can’t bring themselves to acknowledge their deluded folly in believing in Brown and Nulabour’s financial competence, yet are too conflicted to turn to the Tories.

        Like

        • 108
          English Viking says:

          They are all wrong. Very wrong. Just because a landslide of evidence makes it impossible to deny how wrong a person is, and they are forced to admit their stupidity, should I vote for a nob who can’t be trusted to tie his own shoelaces?

          Like

  12. 23
    Perhaps he'll die. says:

    Vince reminds me of the Old Lady in the nursery rhyme “there was an old lady who swallowed a fly”.

    Like

  13. 24
    Old Street says:

    yet another gob shite that can present his opinion in a way that is ambiguous enough to at least try claim the credit for being right whatever the outcome.

    Like

  14. 25
    bandersnatch says:

    Remember, Guido and my fellow chatterers on here, Brillo is the anchorman of ‘The Daily Politics’, and in parliamentary term time regularly makes government ministers and opposition shadows squirm. Not all the Beeb’s political shows, or interviewers, or presentations are left wing slanted. Brillo certainly isn’t… and despite his faux juvenile jokiness at times, he’s always sharp and spiky underneath: he’s nobody’s fool.

    I haven’t seen the Vince Cable interview yet, but watch it I will.

    Like

  15. 26
    The cunt of Monte Cristo says:

    Neill is the best journo, political or otherwise at the BBC.

    Absolutely impartial, experienced, intelligent, and a commentator with gravitas.

    It’s therefore quite surprising he’s lasted so long at the increasingly second rate corporation, especially in view of his strict lack of political bias.

    As for the Cable, its immensely gratifying his media imposed status of sage and all knower has been given a shafting by Brillo.
    The other media halfwits wont pick it up, but very pleasing all the same.

    Without doubt the story’s moved on from the Cable/Brown/Union fat cat we must keeping spending!!!! mantra, to Osborne’s public sector debt is a problem now, today, not in five years time.

    What will the public sector borrowing requirement be in the next quarter?
    Is there enough red ink to print it?

    Labour Governments always run out of money and unemployment is always higher at the end of a period of Labour mal-administration.

    Simple facts of nature, just bang on about these facts Tory Boys, and laugh when Millioanaires Hutton and Toynbee wail about the unfairness of it all.

    Like

  16. 27
    Anonymous says:

    Guido, please help,

    This is the best anti-Brown cartoon of the year.
    And the funniest too! To laugh out loud!
    Take a look at it:

    We must help this YouTube cartoon be a “most viewed”. It deserves it.
    And Gordon Brown deserves it too!

    Please publicise it,

    Cheers

    Like

  17. 28
    Anonymous says:

    Guido, please help to publicise this cartoon.
    It is the best anti-Brown cartoon of the year!
    And the funniest too! To laugh out loud!
    Take a look at it:

    We must help this YouTube cartoon be a “most viewed”. It deserves it.
    And Gordon Brown deserves it too!

    Please publicise it,

    Cheers

    Like

  18. 33
    Angela says:

    I’m sure Vince Cable is a nice person, and I’m sure he believes what he says, but his competence as an economic guru is a media creation with no base in reality.

    Little the MSM promotes has any real reality, every columinist, leader article, wherever, promotes their own agenda.

    Sadly, much as the blogosphere likes to promote itself as the new frontier of politics, the vast majority of voters doesn’t even know it exists.

    Guido, you have so many unique visitors every month, as does every other prominent blog that publishes such statistics. Those visitors are a miniscule drop in the ocean compared with registered voters.

    I wish it were otherwise, but it isn’t. You & other bloggers won’t affect the outcome of an election.

    Like

    • 39
      Talwin says:

      Like blogging didn’t affect Hain or McBride and Draper? Like blogging hasn’t raised questions about whether or not Brown may be on MOAIs?

      Like

      • 48
        Grandma B says:

        The question has certainly been raised, but not answered yet. Couldn’t help noticing that a day or two ago, when I had the dubious pleasure of seeing Gordon on TV he had his arms firmly locked behind his back – rather an unusual stance I thought. Any suggestions?

        Like

        • 49
          Papasmurf says:

          Perhaps he was stopping the key revolving?

          Like

        • 50
          Chairman of the Bored. says:

          Was Mandy with him, at the time?

          Like

        • 85
          OwlHoot says:

          Arms firmly locked behind his back?

          Didn’t Adolf tend to adopt the same stance towards the end of WW2, to conceal a trembling arm caused by an abortive bomb plot?

          Hardly surprising if Herr Braun suffers the same affliction, as he must by now be delivered bad news bombshells almost daily.

          Like

    • 64

      On the other hand maybe it will be the blog wot won it.

      Like

    • 69
      Susie says:

      Don’t trust VC or the LibDems at all.

      He goes easy on Gordon Brown’s disastrous government and constantly avoids any criticism of them throughout the interview. Why? Because the LibDems are angling for another Lib/Lab pact once Brown’s been disposed of post-conference.

      It will be a disaster for the UK if there is anything less than a landslide majority for the Conservatives so they can begin to repair the damage, a hung Parliament and we’ll be in the same paralysis we are now.

      Like

      • 81
        bandersnatch says:

        Am I the only one on here who doesn’t want a LANDSLIDE for anyone?

        Like

        • 87
          Half eyed Scottish idiot says:

          Yes.
          Do you really want a hung Parliament where McMoron could still cling onto power or where a Tory govt without a working majority had to do back room deals with Lib Dims to get decisions made?

          Like

        • 102
          Mongrel says:

          Surely we need a Tory government with a small enough majority to keep them at least relatively honest, an effective LibDem opposition, a noisy and disruptive UKIP presence and labour obliterated….but it won’t happen!

          Like

    • 93
      City of Vice says:

      I think Damian McBride would disagree would you…its all about turning points. Popular disgust at the Mcbride scandal put the skids under Brown’s Son of the Manse / saviour of the world bollox for good in advance of the expenses scandal that finished off NuLabour once and for all.

      Like

    • 117
      formerly Tory Troll at Labout list says:

      Hush – wait until all of the enemy have lined up behind him, they you can kill them all at the same time with a single bullet…

      Like

  19. 34
    RavingMad says:

    Margaret Beckett MP for Horses and Caravans and Troughing as Much as She Can From Us, was on Any Questions today with Dimblebum – what an unmitigated wanker – and was ably protected from any flack by Dimblebum in his usual manner – harrass everybody else but not her – maybe what we need here is some real strong journalists who wouldn’t mond tarnishing their reputations a bit by actually biting the heads off these mendacious politicians. You can’t talk or reason with them anyway!

    Like

    • 99
      Brown Out Now says:

      Why should anyone give Gipsy Rose Beckett any fecking respect, least of all Dumbledore…reason….the hoons are all in it together……none of them have worked in private industry….labour are all ex lawyers, union officials , councilors, ex journos (Dumbledore)…IT WAS EVER THUS!!!

      Like

  20. 43
    Steve Expat says:

    Guido, thanks for the memory of the Balls interview with Brillo – must have missed it first time around, hillarious.

    Good to see an impartial interviewer at the BBC, prepared to give all politicians shit – we need more like him.

    Like

    • 46
      Papasmurf says:

      What a revealing comment by Ashdown about Blair’s strategy, leaving McDoom in place until the economy went wrong and to then get out!

      They obviously knew well in advance the damage they were doing.

      Like

      • 60
        Agent 99 says:

        Agreed PSmurf

        I have often wondered about this. I hated Bliar with a passion but I always had to admire with gritted teeth his absolute perfection in the timing of his departure. I mean he really got it almost down to the right day to go. He knew though when it was going tits up and baled out.

        Like

  21. 44
    streamfisher says:

    Its obvious these people are insignificant also rans merely from the fact that they are prepared turn up to be grilled in a one to one situation by somebody with a reasonable amount of gravitas. Cable not the great economic guru after all, just another one who pretends to be wise after the event.

    Like

    • 100
      Brown Out Now says:

      VC’s performances are like that he is experiencing an everlasting ‘Out of Body Experience’ where you can imagine the celestial VC hovering over his earthly body observing himself and saying ” Aren’t I fuckin’ good spouting on and foolin’ all these politcos and public”.

      OT. Funny how the initials VC are synonomous with courage, has Gordo realised this and befriended Cable.!!

      Like

  22. 47
    Shoot Yourself! says:

    Just been watching this, had to stop as the missus begged me to turn it off… she said it was too embarrasing, and that Brillo made it look like Cable hadn’t even reached Economics 101.

    Vince Cable, thankyou for your interview, the revolver is in the desk drawer!

    Like

  23. 51
    Atlas shrugged says:

    May I draw your attention to this servant of the establishments comments close to around 3 mins in.

    Where he states words to the effect that he has known for ten or more years that the British Tax payer has ALWAYS underwritten the banking system. It seems the only thing that has shocked VC is the realization that in many ways the British European, Australasian and American/western tax payers underwrite the entire world banking system virtually all by themselves. Most of the rest not actually being able to pay any taxes, simply because the state has already taken everything from them, including the hope that anything will ever change much.

    Well it may not be exactly news to Vince Cable, and it certainly is not news to your friend Atlas, but this revelation will come as a very large shock to the rest of this prison camp/slave plantation, resident tax paying population. Which is very likely why Cable made such a positive effort to mumble his words, when giving us such a clear revelation of the REAL TRUTH of the matter.

    Who were it seems under the utterly misstaken impression that they lived in a FREE-MARKET type situation, and their taxes were in some way going towards providing a generally better life for themselves and family. More fool them, perhaps they might pay more attention in the future when people like myself actually tell them the truth, WELL BEFORE THE SHIT HIT THE FAN.

    Can you just imagine what people would have said during the apparent boom, if they had known this FACT. If they had known that if the banks ended up losing money on their home, they would also have to lose said home, while also paying extra taxes to pay for the loses of the Building society?

    The British public may be very dumb indeed, or as dumb as dumb does in fact get. However even they could have spoted this SCAM coming, from the other side of the planet, nay universe. If they had been told even a passing amount of actual truth.

    Personally I find it perfectly unbelievable, that the BBC’s economics editor does not understand basic economics, or anything historically useful concerning the way this countries finances have long since been organised.

    Therefore the BBC are as responsible for this simply massive graft, as even the people who carefully organised virtually every single detail of it. If for no other reason, that it was the BBC that gave the ignorant puppet clown, or the corrupted tool of the establishment, the job of economics editor in the first place. Therefore it is The BBC, Murdoch’s lot, and the entire highly controlled press, as well as our politicians, that have blown us all out BIG terminal TIME, for no more then a pocket full of mumbles.

    Like

  24. 52

    NEWS:

    http://europenews.dk/en/node/26380

    Not just the U.K. and France having problems with Islamic colonists.

    Like

  25. 54
    Jimmy says:

    Forget it Guido. Unless you’re young, Asian and female, he’s just not that into you.

    Like

  26. 55
    Moaning of Morningside says:

    Brillo is worse than Brown, a Scotsman who “went native” in England and slavered over this new and excellent career in English/ Britishness whilst despising his home country and all it’s works.

    Like Global, a total and utter fud of the first order.

    Like

    • 61
      Peeved of Perth says:

      I agree with you 100%.

      Like

    • 79
      rab c nesbitt's giro says:

      Given how stupid the state-worshipping jocks are with their wee pretendy parliament full of stumbling mumbling tax-stuffed car park attendants and the general populace’s penchant for the politics of East Germany, leaving jockland is the action of a sentient adult.

      At least Brillo isnt a venal cocksucker like the rest of the jocks in the media and politics.

      And btw Morningside isnt scottish, its an outpost of islington with the same set of wankers but wearing tartan.

      Like

      • 95
        Moaning of Morningside says:

        79 Well Jockland may not not be perfect but at least it’s not run by a foreign , psychotic, one-eyed git. That’s you that is.

        Like

        • 101
          Glaswegian says:

          Moaning of Morningside would be better to direct his criticism at the generation of bankers, many of whom no doubt live in his Edinburgh suburb, who have destroyed Scotland’s reputation as a place of prudent financial management.
          The fact that Mr Neil chose to follow his career in England, and is prepared to express critical views of Scotland is entirely to his credit.
          The Megrahi decision showed how dangerous it is to delegate British foreign policy to an anglophobic administration whose only raison d’etre is to destroy the United Kingdom.

          Like

  27. 56
    Troughy says:

    Do you think Daisy ever gave him her answer do?

    Like

  28. 57
    Ratsniffer says:

    I still quite like old Vince Cable-Layer. Fair play to him for admitting some of his theories went tits up. You’ll never see Snotty subject himself to anything like an interview, unless it is given by Toilets McMirror, tongue-lapping for all he is worth.

    But if Cable Crimper should ever be part of any smarmy, oily lib-lab pact to try to gain power by teaming up with those marxist labour crooks, then he will prove himself to be just another opportunistic fart-sucker.

    Steer clear of grubby deals, Vince, and if Clegg suggests it tell him to stick it right up his ballot box.

    Labour is political toxic waste. Avoid.

    Like

    • 72
      Susie says:

      As sure as night follows day that is exactly what Vince and the Libs are planning to do.

      They are waiting for the Irish vote.

      Like

      • 88
        Ratsniffer says:

        If the scenario you outline comes to pass then it is seriously time to leave this floating raft of shit of a country.

        Like

    • 132
      Osama the Nazarene says:

      Ratty, Clegg is the boy in short trousers in awe to the wretched Baroness of Williamsboro. Whenever she says jump he just asks how high.

      She happily “defends” Brown and no doubt is already in talks with NuLiebor as long as the ditherer behaves on Europe!

      Like

  29. 62
    Agent 99 says:

    When Labour can’t win the election and if the Lib Dums should join a coalition to put Labour back in I reckon it won’t last long before the riots start. Lib/lAB pacts have never worked but it won’t stop them trying.

    Hypothetically what would be the position today if that should happen? Do the ministers share portfolios or is it shared out with the Limp Dummies getting all the shitty posts no one else wants and Labour would carry on as before?

    Like

    • 70
      nell says:

      The prospect of another four/five year term of gordon would produce an epidemic of gloom and depression.

      I don’t see the lib/dems hitching their cart to gordon’s dying star just when they’ve got a real chance of supplanting labour as the 2nd party. If they do something that silly I think they’ll find, over the next few years, that UKIP will begin to overtake them.

      Like

  30. 66
    rocknrolla says:

    Want to see the guy who actually did call the recession correctly?

    Vince with his previous support of the EU, high taxes, more public spending was on the wrong side of the debate.

    He was correct in pointing out the idiocy of demanding pre-crash prices for northern rock – and people latched onto him. Fair enough. He’s less bad at economics than McMental and Cameron. But then so is my cat.

    Like

    • 133
      Osama the Nazarene says:

      Hey rocknrolla what an eye opener, Peter Schiff extraordinary foresight. I especially like his statement (in 2006) that

      …the disease is all this debt financed consumption. The cure is that we stop consuming and start saving and producing again and that’s the recession“.

      Vince is a flip flopping pigmy next to this guy. Honest maybe but not in the same league.

      As for Art Laffer, Mike Norman and all teh other Wall Street pundits, WHAT BANKERS!

      Like

  31. 71
    Bert says:

    It’s difficult not to like Cable – but that’s his problem. He is not a serious politician, more of a pseudo economics guru – and that’s only if you believe the stupid hype he’s been subjected to by the media.

    In a real governement, he would wither away, like his absurd party, in a matter of days.

    Like

  32. 75
    genghiz the kahn says:

    Al Beeb report that the Limp Dems have voted to stop air brushing models. Are these people on the same planet as the rest of us? So nothing on ID cards, or the govt’s need to dump 11 million adults on a database and charge them for the priviledge to show that they can be trusted with their friends’ kids.

    Give me strength or something belt fed to finish these fokkers off.

    Like

  33. 76
    Lizzie says:

    Lib Dems are all the same “the sandal brigade” how anyone could vote for their policies is beyond me!

    Like

    • 78
      genghiz the kahn says:

      Why does this:

      “Why was he born so beautiful
      Why was he born at all
      He’s no f*3king use to anyone
      He’s no f*3king use at all.”

      remind me of the Lib Dems?

      Like

    • 106
      Anonymous says:

      You heard him. 20% VAT and you can bet that it will be 0 rated on Musli, sandals and Lentils .

      Like

  34. 80
    brian kelly says:

    I thought Cable did quite well. He’s a modest guy and didn’t claim to have got everything right. He looks a steady pair of hands and looks as though he actually thinks and has experience in what he’s talking about. I don’t mean any criticism of Osborne by saying this – at present I have no strong opinions – I just fervently hope that he has the right solutions for this country.

    Like

  35. 84
    NotaSheep says:

    Can someone please put this on YouTube so it is available for posterity rather than one or two weeks.

    Like

  36. 91
    Half eyed Scottish idiot says:

    Don’t worry about Lib Dims stealing Tory votes.

    The electorate know that the choice is between Labour + Tory. The Dims are just an irrelevance.

    Many Dim voters from the last election will go back to voting Tory again. What you will also see though is a repeat of the SDP voting pattern in the 80′s – the Dims will increase their vote by taking votes from Labour in Labour seats.

    As a result the Tories will recapture many seats down South where their vote was previously split by the Dims. At the same time the Dims will split the Labour vote up North, capturing some seats themselves and allowing the Tories in in others.

    Remember you read it here first!!!

    Like

  37. 92
    sinbad says:

    dry as a nuns clit says

    GALLOWAY likes vince.

    Like

  38. 96
    mitch says:

    He is just a slightly less ghastly version of that Pound dick head, you know that one who is a rent a quote and turns up every five minutes.

    Like

  39. 97
    Ian Botham says:

    Its painful to watch, but i can’t look away.

    Like

  40. 98
    J Stilton says:

    Just a short critique of Neil’s argument.

    The quote that Neil cites to suggest that Cable rejected a stimulus is from October last year. The full quote is:

    “During a recession it is inevitable that the budget deficit will increase,” he said.

    “However, it is entirely wrong for the government to assume that the economy should be stimulated by yet more public spending rather than tax cuts, particularly for the low paid.”

    This fits entirely with what Cable states in the interview, and it is worth noting that Neill failed to mention the key point about tax cuts when citing the quote. Also in that same month Cable said:

    ‘We need a fiscal stimulus to get the economy moving.’

    He said it was “necessary” for borrowing to go up in a “period of recession”.

    But he added: “What is important is that there is a clear plan from the government as to how the public finances are to be returned to balance.”

    Cable’s analysis has always been that whilst borrowing is necessary, tax cuts must also be pursued, and in the long run will more susainable stimulus. For example, in November 2008 he criticised the governments stimulus proposals of a temporary cut in VAT:

    “What I fail to see is how the economy gets a major stimulus for, for example, a £5 cut in a £220 imported flat screen television or a 50p cut in a £25 restaurant bill.”

    He said income tax should be cut to give low earners money “directly in their pockets” not “the pathetic £25 they are being offered and if they earn over £25,000 a year – the prospect of tax increases”.

    To my mind Neill has somewhat unfairly taken a quote about the balance between further borrowing, and tax cuts, removed the tax cut element, and presented as a definative rejection of fiscal stimulus. No wonder Cable looked confused with Neil’s attack, he is on record of supporting the stimulus package as soon as it was announced. The fact is that he also cautioned against reckless spending, and stressed the need for tax cuts. Good.

    Like

  41. 104
    James says:

    Vince (The Cable) as Andrew Neil cheekily calls him. Would Vince be charmed by that nick name? I doubt it.

    Anyway Vince sounds all very sensible except when he starts to talk about Scottish matters. Then he shows his total ignorance of Scots, Scotland and her expectations!

    Clegg as his name suggests is a sucking fly with absolutely no charisma, as is his Scottish counterpart Tavish (hows that for a forename) Scott. His party is going nowhere either in England or Scotland.

    The Tories (in England) are the only means to get Brown out before he commits further serious damage.

    Like

  42. 111
    Torontory says:

    Can someone put it on YouTube so those of us outside the UK can see it

    Like

  43. 112
    Dame Celia Molestrangler says:

    Brillo did a good job exposing the conga that is LibDem policy 0 in, out, shake it all about. They can’t even agree if Clegg or Cable is putting it forward. Vince was rightly made to squirm on his alleged prescience, and convenient pronouncements. Well done Brillo.

    Like

  44. 113
    Bliar the Liar his pants are inflammable says:

    We appear to be confusing hindsight and after the fact checking with sage wisdom.

    Brillo would only be considered a more able prognosticator on the economy than Cable if he was right about the economic clusterfuck when Cable was wrong.

    He does a good job of sifting through press cuttings to find any inconsistency he can but that isn’t the same as showing his former teacher how he was far more informed about the economy than Cable. It’s research for an interview.

    Brillo can hardly claim to be visionary on the economy after all. He was caught as flat footed as almost everyone else by it.

    Like

  45. 114
    Dame Celia Molestrangler says:

    He doesn’t claim to be able to waltz on water!

    Like

  46. 115
    brochloon says:

    Don’t quite agree with your analysis of the interview.

    IMHO he dealt with at least 50% of the points appropiately, about 40% of the answers he gave “waffled” but no more so that your average MP, and 10% he completely failed to answer…..not too bad compared to the “usual” toss-pots.

    Like

  47. 119
    The Robert Mugabe School of Economics says:

    Vince Cable was exactly right when he referred to quantitative easing as our approach. Don’t believe those imperalist Tories…

    Like

  48. 120
    Watching Vince says:

    Vince says noone realised there was a structural deficit in the economy before the current crisis. Errr, okay.

    Apparently he’s now saying it was “impossible to run massive government deficits”. Neil is tearing him to pieces; I’m enjoying this.

    I imagine the Newsnight editors will never see this tape though

    Like

  49. 121
    Watching Vince says:

    “It is entirely wrong to stimulate the economy by more public spending”

    Quote from Vice “economic sage” Cable according to Andrew Neil.

    Apparently, the Sage now forgets saying that, trying to pretend his comments have been taken out of context. So much reversing pressure in this interview that the road underneath him is crumbling under the pressure

    Like

  50. 122
    Snuggles says:

    It was a great interview by the Brillo. He is one of the few journalists(like Paxman) who gives politicians a good grilling. Vince did come across as a bit indecisive in the interview.

    Like

  51. 124
    DC says:

    Hi Guido,

    Have to agree entirely.

    Bear in mind too that Vince Cable also stated that your Labour guy Lindsay Roy wouldn’t win the Scottish Glenrothes by-election it would go to SNP, but he did!!! He made that comment on Andrew Neil’s Week in Politics show.

    Like

  52. 128
    Raptor says:

    Cable obviously hadn’t factored in the additional “postal vote” at Glenrothes. Lib Dems are proverbially somewhat naive …

    Like

  53. 129
    Anonymous says:

    sorry I am not seeing Cable being under pressure from Brillopad. He manages to bat all the issues away quite efficiently and noting that he might got one or two things wrong.

    Like

  54. 130
    jock says:

    cable is totally dishonest but gets away with it ,as the old press need opposition to the conquering tories.

    very sad state of affairs.

    Like

  55. 131
    Osama the Nazarene says:

    Brillo is King! Priority catch up watching.

    Like

    • 134
      Osama the Nazarene says:

      Watched it and it is all you say. Cable is a nice enough guy, though he did squirm rather a lot under Brillo’s scrubbing, but he is more of a follower of events then a guide.

      Like

  56. 135
    Godzilla's Aunt says:

    Cable would be fine running a chip shop or a shoe repair business. An affable and pleasantly boring man who I would not want to get stuck with anywhere.
    But as far as a politician goes – no vision, unimaginative and therefore dangerous. No – but then only nutters vote for the Lib Dems.

    Like

  57. 136
    Charlie says:

    VC wared of the dangers of debt in 2003, personal, corporate and national debt. In a fast moving scenario he made mistakes. If someone can get 80% of the important decisions correct then they re doing well. Admitting to the mistake over LLoyds /HBOS is honest. It must be difficult for anyone to have known how poor a shape HBOS was in, bearing in mind the existance of the FSA which meant to have an oversight role. Autumn 2008 to spring 2009 was the financial equivalent of first aid at an accident- the important thing to do s keep the victim alive , then get them to intensive care. Once the patient is recovering they can be taken out of intensive care, then the amount of care can be reduced. Peter Schif was right , along with W Buffet and a few others. Cable appears the only politician in the UK and perhaps min the USA as well who publicly stated there was problem when the good times were rolling. If we had taken the punch bowl away from the party in 2003 and 2005 at the latest, we probably would not have the problem we have today. We now have to undertake significants and indentify which areas are to be chopped. Cable is the politician who has put forward any sensible plan to change the nature of government expenditure . Osborne should forward a similar type of document to Cable’s and then we can have a sensible discussion on the matter. For this country to have a reasonable chance the next government needs a mandate from the people to cut expenditure and for those items to have been identified in a manifesto. That way if the unions try to stop cuts by holding the country to ransom through strikes, the next government say they are going against the will of the people. The next government may have to sack whole tranches of government employee , the way Regan did with the air traffic controllers.

    Like

  58. 137

    [...] Sandal Wearers and Flip-Flops: The Inexplicable Popularity of Vince Cable Guido at the weekend brought the attention of myself, and of course many others, to Andrew Neil’s [...]

    Like

  59. 138
    Globals says:

    all good things

    Like


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