September 23rd, 2011

Will Vince Stick to Plan A or Go Nuclear?

As the economic outlook turns from tough to terrible the pressure on the coalition is going to increase. Conservative governments have in their history and temperament the capability to stick to a tough, inevitably unpopular, fiscal line. This is not a Conservative government.

The LibDems have no such history, and in the case of Vince Cable, no such inclination. Reportedly he is already lobbying for an alternative economic strategy, a Keynesian Plan B. George Osborne is not going to alter the fundamental economic mission of the government, nor should he. So will Vince use his “nuclear option” and quit at some point? The bookies have him at 15/1 to resign from the cabinet.

Might be worth a flutter…


196 Comments

  1. 1
    Thats not part of the plan says:

    I don’t see what was wrong with the YTS scheme. Better than letting kids stay on benefits.

  2. 2
    Limdemshavea spliterintheirarsefromfencesitting says:

    Let’s hope so. His mindset is opposition. He doesn’t know how to be part of government.

  3. 3
    Anonymous says:

    Ever considered euthanasia Vince?

  4. 4
    say what you see says:

    They are all c’unts.

  5. 5
    Vince's vanity will not let him quit. says:

    I can guarantee that Vince will not quit. He likes being a cabinet minister far too much for that.

    For the Liberals this being in government is a once in a multi generational thing. They will not walk.

  6. 6
    nell says:

    Exercise his nuclear option and resign?

    We can but hope. He’s hardly a credit to the government. In fact bumbling vince has been a complete embarrassment and disappointent as a minister. Even sarah teather could have done a better job!

  7. 7
    sockpuppet #4 says:

    “Conservative governments have in their history and temperament the capability to stick to a tough, inevitably unpopular, fiscal line”

    I see a flaw in this.

  8. 8
    Steve Miliband says:

    I have predicted ten of his last resignations

  9. 9
    MrAngry61 says:

    Is the coalition better off with him inside the tent pissing out (mainly) or outside p***ing in?

    If he does go, he might become the centre ofa LD opinion of discontent.

  10. 10
    Anonymous says:

    Quote of the day (Patrick on PB.com):

    “In a TV age, parties need to be led by presentable, confident, articulate and likable characters. Ed M is a nerdy, needy, geeky, speech defecty, bucktoothy, face you just itch to punchy, dweeb of the first water. The image of him in No.10, especially during an economic storm, does not compute. Combine that with the fact that he’s the unions’ placeman, chosen neither by his party members or MPs and you have Dave’s secret weapon.”

  11. 11
    oops wrong email says:

    How the hell did he get near any power, he should be working in Asda repositioning trollys, just goes to show what a bit of knowledge and being an MP does, gets you picked up by the BBC as an expert, jeez.

  12. 12
    Anonymous says:

    Cameron is trying to start wars to save his job, this is what his UN speech was about. When the economy is in a mess only option for him is to become a war time leader to get public support and votes.

  13. 13
    Ed the Axeman says:

    Vince’s sole achievement is to rewrite the rules on Belgium Chocolates.

    He needs to go

    It can’t come soon enough.

  14. 14
    Nonymouse the Third says:

    His economic SpAd (Giles Wilkes) is well versed in the power of monetary policy over the pointlessness of fiscal stimulus. The former, that is, unlike you hard money nutjobs who see hyperinflation hiding around every corner, having failed to learn anything at all from Milton Friedman.

    http://www.themoneyillusion.com/?p=10952

  15. 15
    Ichabod says:

    The self regard of the man is nearly unbearable. Watching on tv last night and other occasions, he really does seem to regard himself as an economic prophet, the font of fiscal wisdom. But he comes acroos as a complete duffer. And disloyal to boot.

  16. 16
    Non believer says:

    “George Osborne is not going alter the fundamental economic mission of the government, nor should he.”

    You appear to be making the error of assuming Gideon has any kind of ideological backbone at all, I can see him using what ever weasel words and insidious methods he can to increase spending via the back door.

  17. 17
    Maldives politicians have sense of humour failure. Are they LibDems? says:

    Maldives government complains of spoof atlas omission

    http://www.bbc.co.uk/news/world-south-asia-15027163

  18. 18
    Anonymous says:

    Vince out, Laws in, job done, bring it on.

  19. 19
    Laws the trougher can fuck right off says:

    Has Laws been charged yet? If not why not?

  20. 20

    Giles lost a public bet on inflation, to Guido.

  21. 21
    Vince Cabal says:

    Are we in Government?

  22. 22
    Streak of useless piss says:

    That would be true if Mr Bumble were a man of high regard but he ain’t, so he won’t.

  23. 23
    Pogo says:

    At his age he’s lucky to be able to p*ss in any direction!

  24. 24
    Not surprised says:

    What is needed is strong leadership from all quarters, not lilly-livered toffs & liberal lefties more concerned with their own short term poll ratings! Sadly, I don’t think we have it. Anywhere!

    £1/2bn wasted on Fire Control Centres. £12bn wasted on NHS IT Network. Does anyone have the faintest idea on how to handle this?

    Most world leaders seem incapable of running a bath, never mind a country!

  25. 25
    Father Ted says:

    Is the flaw that its not a Conservative government and the Tories did not win the last general election?

    It seems there are more delusional politicians about than usual.

    Bring on the next GE

  26. 26
    Sophie says:

    Cameron is sooo weak that he cannot sack crypto socialist Cable or psycho Huhne.

    “This is not a Conservative Government” – very true Guido, but then again Cameron is not a Conservative – he is a reconstitued third way Heathite.

    Bleak – we have small time opportunist intellectual pygmys at the helm.

  27. 27
    Liberal Dave says:

    I certainly hope Laws goes back into government. It certainly needs more right wingers.

  28. 28
    yeah, right.. says:

    The only apologist for the pro-euro lobby the dear old Beeb could wheel out was Denis McShameless.

    Listening to him talk on Today without remorse, apology or humilty, begs the question; just how many times do our politicians have to get caught with their fingers in the till before they finally get treated as criminals?

  29. 29
    nell says:

    Sadly you are right.

    If only they would walk then cameron could call another election.

    I can’t imagine militwit or the libdems winnning enough votes to even form a coalition so then hopefully we would get a proper tory government.

    Hey Ho. Pipe dream for the day!!

  30. 30
    Thomas Crook says:

    Behind the facade they put on for the tourists, The Maldives is run by some narrow minded muslim fundamentalists. Many of the population, even on quite small islands, and for reasons which have something to do with how boring living in a place run by a narrow minded fundamentalits actually is, are heroin addicts.

  31. 31
    Slapper says:

    i guess it takes a minium of 5 private sector workers to generate the tax revenue to pay one public sector worker

    DO THE SUMS YOU FUCKING MONGS

  32. 32
    Woodstein says:

    Guido, your analysis sounds very familiar. Been reading Oborne’s blog by any chance?

    http://blogs.telegraph.co.uk/news/peteroborne/100106680/things-can-only-get-worse-–-but-george-osborne-mustn’t-lose-his-nerve/

  33. 33
    The third sacred cow on the left says:

    Can Vince please do something about that annoying whiney nasal whittering sound he makes when he’s avoiding the issues?

  34. 34
    The third sacred cow on the left says:

    I think he uses nappies

  35. 35
    oops wrong email says:

    Problem is we have an electorate so blinded by celebs, they can’t make proper decisions when it come to people who really want to work for the public good.

  36. 36
    Justice for Voters says:

    Has he served his five and a half weeks in prison yet?

  37. 37
    Nonymouse the Third says:

    Your forecasting prowess knows no bounds. So the 0.1% increase in the RPI price level over the last three months presumably means hyperinflation is still *just* round the corner?

  38. 38
    Hugh Jundys says:

    Cameron has a tent full of people pissing out. Clarke, Cable, Clegg, Huhne et al. He’s not so daft really.

    We’re into the second year of difficult government and the coalition polls are not terrible despite some hostile media and bad poor economic growth.

    It strikes me that Cameron is running along using team b or even c.

    As soon as election time comes, and the bounderies are more favorable, Cameron will clear out his dead wood and put the A team together for a 6 month election campaign.

    Second term virtually guaranteed especially id dreadful Ed is still in charge of the red dwarfs.

  39. 39
  40. 40
    Justice for Voters says:

    When we start treating them as criminals and put them in prison

  41. 41
    Harpic Toilet Cleaner says:

    I’d looked forward to a question being asked about the disastrous PFI contracts on Question Time last night. How naive I was to have thought they’d allow a question that would embarrass Harridan Harpic. No doubt her people warned the producers not to allow it.

    On a lighter note, she truly is remarkably thick. I knew that already but it’s always enjoyable to see her stupidity in a debate. If you missed it, watch just the first few minutes on iPlayer for an exquisite example. The first question is on the economy and Bumblebee goes to Hislop first to answer. Hislop joked about being asked to answer first and made some gag about being an economist. The audience and everyone on the panel except Harman laughed. Her expression was blank. Then after a moment she joined in laughing. She clearly didn’t get the joke but joined in when she saw everyone else laughing. What an utter moron.

  42. 42
    Southern Softy says:

    As usual last night, QT was an utter disgrace, and sadly, Priti Patel did the Tories no favours whatsoever.
    Harry-ette Harmperson strangely quiet for most of the programme
    and STILL wearing that awful giraffe top.
    What’s the point of her and Mrs Dromey earning and claiming vast sums if they don’t spend any of it?
    Buy a new shirt and save the economy you c*unts.

  43. 43
    Johann Hari says:

    It’s standard practice.

  44. 44
    Sir William Waad says:

    I don’t think he’ll resign. Vince Cable is one of life’s grumblers.

  45. 45
    Jack Dromey (Ms) says:

    Comment of the decade.

    You can close this blog now, Gweedo.

  46. 46
    Anonymous says:

    boo fucking hoo. what a bunch of winging wankers

  47. 47
    Fed Up says:

    May I suggest you ask Santa for a fantasy football manager game for Christmas?

  48. 48
    bankers' puppet Dave says:

    +++ BREAKING +++

    Rejoice! Rejoice! Rejoice! Teheran has been fallen to the humanitarian liberation forces of the allies! Unfortunately, in liberating and humanitariarising the oppressed people of Iran it was necessary to kill 80m of them. G_d be praised!

    Oh shit, I wasn’t meant to broadcast that till March 2012.

  49. 49

    Saw Peter last night.

  50. 50
    Sir William Waad says:

    You can never isolate cause and effect in economics. It’s all ‘post hoc, propter hoc’ and handwaving.

  51. 51
    Fiscal Gerrymandering says:

    Only a self absorbed MiliBalls media troll like BellEndInNelli would make an ‘Anonymous’ post like “Cameron is trying to start wars to save his job”.

    When are the socialists going to grasp that this country is spending £500 million a day more than we are earning while having the largest public, private and corporate debt levels in the history of the world.

    In the words of Andy Burnham – THERE IS NO MONEY LEFT

    So wasp chewing Vince Cable would rather add a vainglorious crisis on top of a crisis because itr offends his idealogical sensibilities – FFS Grow Up Man – It is not about you.

    John Hussman says the global economy is at a crossroad that demands a decision – whom will our leaders defend?

    One choice is to defend bondholders – existing owners of mismanaged banks, unserviceable peripheral European debt, and lenders who misallocated capital

    The alternative is to defend the public by reducing of unserviceable debt burdens, restructuring mortgages and let mismanaged financial institutional share and bond holders take losses or transfer of ownership and recapitalization to better stewards.

    So far Britain as a small country has managed New Labour’s mess well, thanks in part to Alistair Darling, but previous public generosity is unaffordable and we really are all in this together (apart from the really rich people who can leave anytime they want, so they don’t really count in practical terms).

    When a team of people are all trying to save a sinking ship, it is not helpful to have Vince Cable whining from the sidelines that he doesn’t want to get wet.

  52. 52
    Cato Street Conspirator says:

    ‘George Osborne is not going to alter the fundamental economic mission of the government, nor should he.’

    Oh yes he will. He may dress it up in smart language, but he will. I bet you – dollars, euros, pounds, whatever you want.

  53. 53

    In the words of Liam Byrne actually.

  54. 54
    The Public Sector says:

    We have an entire department trying to do just that. The first draft of our report will be out for consultation some time towards the end of 2019.

  55. 55
    Cato Street Conspirator says:

    Her stupidity comes as no surprise – she was a solicitor.

  56. 56
    Fat Fawker sucks Oborne's cock says:

    I worship Peter’s knob.

  57. 57
    simon r says:

    We only get a proper tory government if Cameron sacks…

    Steve Hilton
    Ken Clarke ( and replaces him with David Davis )
    Warsi
    Andrew Mitchell

    But he won’t, so we edge closer to a Milliband & Hughes / Farron partnership

  58. 58
    Cato Street Conspirator says:

    ‘… some hostile media…’ Yes, always a problem for the Tories. That Tory-loving big-business orientated media…

  59. 59
    The Horse Manure For the Roses in the Garden of 10 Downing Street says:

    Is that a ‘cast iron’ guarantee?

  60. 60
    Guido's mammy says:

    Bet you did, sweetie.

  61. 61
    Grumpy Old Man says:

    Correct. The present crop of incompetants heading all 3, sorry, 2 1/2, main parties treat the government of the Nation as a stepping stone to the real money to be made as an EU apparachik. Scum, the lot of them.

  62. 62
    James says:

    Guido,

    The wasteful expenditure of the Labour years must be brought under control.

    However, you can not bring down public debt levels if there is no economic growth.

    I suggest carrying on with the cuts programme but increasing spending on infrastructure projects.

    I believe this is a depression not a recession and it is going to take some imaginative thinking to get us out of it.

    James.

  63. 63
    Lou Scannon says:

    The criminals who control us rarely make the mistake of offering us any honest candidates to choose from. Our ‘democracy’ has been totally subverted.

  64. 64
    Fluffy Thoughts says:

    Most world leaders seem incapable of running a bath, never mind a country!

    Why would they need to run a bath when they are [already] a shower…?

  65. 65
    Lou Scannon says:

    Vince is the Lib-Dumbs’ appendix.

  66. 66
    sockpuppet #4 says:

    Oh come on, thats not fair.

    They have many alternative techniques such as cherry picking and selective amnesia.

  67. 67
    Grumpy Old Man says:

    …..which exists only in the bigotted, febrile imagination of Leftie ideologues. Go read some dead-wood press instead of getting your news from Ci(not)F.

  68. 68
    Osama the Nazarene says:

    Cable likes office too much to resign.

  69. 69
  70. 70
    Gonk says:

    Keynes=debt=Balls=Cable=Tossers

  71. 71
    Anonymous says:

    get fucked nonymouse. “hard money nutjobs” – what has been implemented since 2008? oh yes money printing, asset price targeting and interest rate fixing. what has been the net benefit? fuck all.

    inflation is rampant, wages are stagnant or declining, asset prices are in fantasy land, banks are bankrupt, unemployment is rising and living standards are falling.

    if you soft money nutjobs were correct that HUGE, frankly INCOMPREHENSIBLY LARGE monetary and fiscal stimuli would fix the problems then why are we in a fucking depression you cünt?

    it is now normal for the markets to be ±4% on the day, volatility in all asset classes is insane and fixed income (pensions and savings) is non – existent. the solution of you nutters is to winge “we didn’t do enough boo hoo we have to do more” yet you have absolutely no empirical evidence that ultra loose monetary policy and huge statist fiscal policy have had ANY positive effect on ANYONE bar buying a small amount of (ultimately futile) time for those in debt dethtraps.

    how the fuck do you expect to exit from the ultra loose monetary policy environment back to normal without causing an even worse depression? you have no solution but more fucking heroin, sophistry and corruption.

    you fucking maniacs are still in charge and will get one more go at it but watch the fuck out as you will be strung up in the not too distant future. arrogant cünts.

  72. 72
    No Strill says:

    Sounds more like an adenoid

  73. 73

    And did you click on the bleddy add? £10 for the hard copy and £10 for the PDF!

    PDF should be far less. If it was a little cheaper I’d have gone for it. Now no way will I ever have anything to do with the publishers again.

  74. 74
    The High Street says:

    There’s an office over the shop at the local dry cleaners he can rent if he wants soemewhere to go to sit and sulk a bit after his resignation.

  75. 75
    albacore says:

    Erm, R&M, we all acknowledge that “brussels” should have a health warning attached, but reinventing the spelling ain’t going to make it go away.

  76. 76
    Mr Quelch says:

    Brussels sprouts. Brussel sprouts is a schoolboy howler. See me after school.

  77. 77
    Hava Nagila says:

    Instead of gambling on his resignation, here’s my idea: we pool all the money we would have gambled and give it to Vince on condition that he resign.

    I’ll chuck in £50 to the _Please Go Away, Vince, You Scrunch-Faced Mutant_ fund. Who’ll match me?

  78. 78
    Oh for gawds sake... says:

    Seems to me that he is mostly in the tent, and occasionaly pops outside in order to piss into the tent.
    Sending him off to another field entirely, with his own tent is clearly the best option.

  79. 79
    The High Street says:

    Good call. Its supposed to be cheaper online

  80. 80
    BillyBob... says:

    Where is Billy Bowden….. ?? slept in? dead? at the doctors ????

  81. 81
    Vince Fable says:

    The economy is in meltdown and it happens just about every economy is suffering. Even China is having problems with various financial bubbles about to burst. I have this horrible feeling that no matter how hard you try to keep the economy afloat another problem arises, a bail out here, a disaster there , another bank problem of some sort gets in the way, drought, global commodity price inflation and so on. The economy works on two levels, micro which is fairly easy to control and macro or global which is proving impossible to get to grips with. Dealing with a global economic problems makes plan A or plan B fucking irrelevant without a coherent global economic plan.

  82. 82
    yeah, right.. says:

    Wasn’t that former CSTTT Baldemort?

  83. 83
    Anonymous says:

    I find the attention seeking behaviour of some of the Libdems who were parachuted into posts they are unsuited to nauseating, they should just be grateful !

  84. 84
    Hugh Jundys says:

    If you still believe in Santa you must be a Labour TWAT!

  85. 85
    yeah, right.. says:

    Not so funny when you think about just how much power and influence over policy this sanctimonious twit of a woman wielded barely more than a year ago….

  86. 86
    Its Time To Concentrate Minds On The task At Hand says:

    I think in this age of austerity and legally enforced recycling the money would be better spent on something that can be put to use over and over again on any MPs who think they are more important than the public they servce. A guillotine in Parliament Square might do that.

  87. 87
    Anonymous says:

    Nin, stop calling him Gideon FGS, it makes you sound really stupid.

  88. 88
    A Dumper Truck says:

    Teather’s a bit of a laff, eh?

  89. 89
    Fed Up says:

    I don’t, but you seem to. Cameron is what he seems: a gutless prick. There will be no ‘second term’ if he carries on like he’s doing now. The country will have fallen apart before then.

  90. 90
    fake faux poster says:

    Wheres Sophie then?

    Plenty missing from that list.

  91. 91
    Ichabod says:

    I think that spineless Dave Cameron will ‘compel’ Osborne to rejig his policy . Now that Daveboy has tasted some popularity as a result of Libya, he wont want to court the inevitable abuse that comes with very sluggish recovery. Is there anything in Cameron’s 18 months as PM that indicates he has the backbone for a struggle ?

  92. 92
    What is the BBC's motive? says:

    That’s incredible. Photographic evidence clearly shows that sea level around the Maldives is falling a documentary was made and the Maldives government banned it.

    I can possibly understand why a corrupt goverrnment would want to promote the myth But why is the BBC promoting the lie that the Maldives are about to go underwater?

    http://wattsupwiththat.com/2009/03/19/despite-popular-opinion-and-calls-to-action-the-maldives-is-not-being-overrun-by-sea-level-rise/

  93. 93
    Hang The Bastards says:

    Dear Vince

    Just fuck off you useless old piss stained twat.

    You are not what this country needs you are just an old bitter has-been that keeps dining-out on the time he was right about the banking collapse.

    Easy !

  94. 94
    I don't need no doctor says:

    Cable is not doing the coalition or the country any favours. He really ought to call it a day.

  95. 95
    I don't need no doctor says:

    Is your real name Hari?

  96. 96
    Bleeding Obvious says:

    The BBC managers, the ‘talent’ and the over-manned film crews all get free holidays?

  97. 97
    Ah! Monika says:

    Reminds me of Jonathan ( what the should have done ) Edwards whining his way through a Rugby Union commentary.

  98. 98
    Disgusted of Neasden says:

    I tend to agree, James.

    However, it’s questionable whether synthetic (government-generated) growth ever does the trick, without becoming ruinously expensive in the long term.

    The 1930’s depression was only eventually “solved” by the expenditure of World War 2. While the US benefited greatly from this, the impact on the UK was that rationing continued for 8 years after the war, and income tax rates that would now be deemed “unaffordable” for 30-40 years.

    What’s more, back in the 1930’s, and previous depressions, infrastructure projects (e.g., road-building) created thousands of jobs; nowadays this is all mechanised, leading to a few specialist jobs and massive capital equipment requirements.

  99. 99
    Vince Cable says:

    What day is it?

  100. 100
    BillyBob... says:

    The King wears invisible clothes perhaps ?

  101. 101
    Popeye says:

    You can’t really, in all seriousness, call him Cable. Rather more like a bit of wet string, all limp and wishy-washy.
    The sooner he goes, the better for the country.

  102. 102
    kerching! says:

    His alter ego Guido is posting today – see above!

  103. 103
    Harrietspants says:

    Damn you, I’d just cracked open the bottle of Krug, then finished the post, oh well, best not waste it.

  104. 104
    Ah! Monika says:

    Don’t worry, it’s got Vince’s name on it.

    Take cover, Earthlings! One in 3,200 chance a person will be hit by 18,000mph out-of-control satellite tonight

  105. 105
    simplistic simon says:

    When the legend that was Raul Moat did us all a favour, some old slapper from “darn sarf” decided she had to be at his funeral. “because she loved him”

    She took two of her kids with her, she had a choice of about eight all different fathers of course, on the train to the North East.

    She looked resplendent in her new Chelsea shirt.(c £40) Her benefits were estimated at about forty grand a year.

    My staff and I were thrilled she could make it, we were also thrilled that the tax revenue from my business just about paid the bill for her to survive.

    The country is fucked with a capital F

    I am folding next year and sitting on my big fat white middle classs arse in foreign climes.

  106. 106
    Nu Attack Dog says:

    My immediate reaction on hearing that the Iranian lunatic had done his usual trick of p*ssing everyone in the UN off was that the UK/US would view it as manna from heaven.

  107. 107
    say what you see says:

    All he did in 2008 onwards was state the bleeding obvious. It’s amazing that the rest of the twatterati in Westminster and the media see the bleeding obvious as some sort of message from above and to be exalted.

    Cable is no Saint!

  108. 108
    The voice of reason says:

  109. 109
    Anonymous says:

    Oi Guido if you want to see a real pilgrim look here http://globaleconomicanalysis.blogspot.com/2011/09/man-works-1-day-for-chicago-goes-on.html The yanks can always do it better.

  110. 110
    Root and Branch says:

    Sadly, her crappy ideas live on in town halls up and down the land. This is something that Pickles and the rest of the coalition has so far done very little to counter effectively.

  111. 111
    Gamblers Anonymous says:

    That’s got to be worth a punt.

  112. 112
    sockpuppet #4 says:

    Greece might be a nice cheap place by then.

    I hear the taxes are almost non-existent too.

  113. 113
    Jack says:

    If Vince goes nuclear he will destory the Colaition, destroy the LibDems as a political force and create a situation where Britain becomes ungovernable amid a world economic meltdown…

    Is he that suicidal?

  114. 114
    Cole Porter (you hum it) says:

    Nice to see a fresh new return to a bit of Vince bashing Guido.

    Cue Moderators ;o)

  115. 115
    Governor of the Bank of England says:

    You can bring down debt levels without real growth by printing money, as we did in the 1970s

    Inflation reduces the real value of the debt…What The Economist once called a “sophisticated renege”

    That is the policy we have chosen without being explicit about it

  116. 116
    Cameron is a Cunt says:

    Cameron is a c’unt

    They are all c’unts

    Only interested in their own interests

    Get rid of ‘em

  117. 117
    Sir William Waad says:

    And the use of Cooke’s Variable Constant C :

    C = mod[Nw – Ng] where Nw = the number you want and Ng = the number you’ve got.

  118. 118
    I meet a socialist once and the cunt nicked my wallet. says:

    Send Vince to that clinic overseas.

  119. 119
  120. 120
    Editor of the Daily Telegraph says:

    And I can always send some of my in-house Totty to “interview” him

  121. 121
    bill gates ate my hamster says:

    darling, you’re so 20th century – delicious.

  122. 122
    louise says:

    no pain, no gain

  123. 123
    cool hand puke says:

    Laws would probably enjoy a long stretch – all those big rough men taking him up the shitter.

    and paid for by the taxpayers again

  124. 124
    La' says:

    Stand up.

    oh, she is standing up.

  125. 125
    Squeaking Squeaker and his Cicciolina says:

    Not as pygmy as ME ME ME…

  126. 126
    dim sam says:

    how dare you talk about my Dave like that – flabby, gutless prick, please

  127. 127
    they are all shiiiite says:

    I cant remember the last time I listened to any Government Minister announce anything that I thought was a good idea.

  128. 128
    I meet a socialist once and the cunt nicked my wallet. says:

    The scrapping of ID cards?

  129. 129
    Old Slapper From Darn Sarf says:

    How inconsiderate, who’s gonna pay me my forty grand?

  130. 130
    sockpuppet #4 says:

    Resignation announcements?

  131. 131
    annette curton says:

    I wouldn’t like to bet all our futures on one politicians vanity.

  132. 132

    Quite.

    Andy Burnham said “there’s no mascara left”

  133. 133
    Always makes me laugh says:

    They don’t like it up ‘em. Seems like a top bloke.

  134. 134
    they are all shiiiite says:

    anything that really matters, not piddly stuff like that…

  135. 135
    Jabba the Cat says:

    This flaw was traditionally called Ted Heath…

  136. 136
    Anonymous says:

    That is obviously made up

  137. 137
    annette curton says:

    Nor can I, ID cards don’t count because they were never introduced in the first place.

  138. 138
    Ed the Axeman says:

    It’s very simple. They are going to fuck the citizen by

    a) Defaulting on pensions
    b) Stealing private and company pension funds – for the public good
    c) Tax immoveable assets such as property

  139. 139
    Comic Opera says:

    unfortunately we all appear resigned to the let the bastards just carry on

    bring on a revolution I say, oh forgot we’re not members of the ‘arab spring’

  140. 140
    Libertarian says:

    I think Dave would need to resign as well – he’s just another well-fed Euro Social Democrat.

  141. 141
    Fiscal Gerrymandering says:

    Vince is inside pissing in

  142. 142
    I meet a socialist once and the cunt nicked my wallet. says:

    How about this?

  143. 143
    Handycock, No1 Trougher in Parliament says:

    A scandalous statement. The Honourable David Laws MP is a man of honour just like me, that is why he, I, and all MP’s are called Honourable or Right Honourable Gentlemen by each other, depending on rank , in the House. There is no need for David to go to prison, he was just following the rules, like me and many others. This business of MP’s expenses has got entirely out of control and should stop now.

  144. 144
    Semi Austrian says:

    Whether or not hyperinflation is round the corner the 4.5%/5% inflation rate right now can’t be used as credible evidence.
    Around 1.5%-2% is made up of the VAT rise and higher costs (fuel, food etc).

    Neither is some “monetarist” QE completely out of bounds for Austrian economics. Read this:

    http://www.economist.com/node/17522368

  145. 145
    Fiscal Gerrymandering says:

    The Japanese have spent 22 years stimulating their economy

    The result is continuing deflation, interest rates below 1%, a stock market that is 78% below its peak in 1989.

    The only beneficiaries have been politicians, bankers and corporate executives.

    We have to stop our politicians and central bankers propping up zombie institutions with our money or we’ll be stuck in a downward spiral for decades like Japan.

    Press the reset button like Argentina in 2002 and Iceland.

    Very painful at first, but the road to recovery will be swifter.

  146. 146
    annette curton says:

    They had to drag him out of No 10, his plan B to stay in office was to declare a socialist military junta, then someone pointed out to him that the members of UK armed forces universally hate his guts.

  147. 147
    The Bottle Fed Triplet says:

    A one in 3,200 chance of one in 6,000,000,000 people being hit by a bit of a scrap lump of space junk. And that on a planet that is 70% water (listen for the plop!).

    It will only get you if your name is on it. Hard luck Mr. Ron Satellite of Wolverhampton.

    Do the Euro Millions instead, the odds are shorter

  148. 148
    annette curton says:

    The Arab spring, where it stops nobody knows.

  149. 149
    Alexei (fisticuffs) Lebedev - a fit and proper person says:

    Yu vont dem Iranian mules to drop bomb on dis Huntry and be happy.

  150. 150
    Billy Bunter says:

    Ouch!

  151. 151
    Penfold says:

    Vince is a dilletante, he’s certainly not a team player.
    In any event the Boundary Commission report will see his seat merge with that of the Goldsmith minimus, which hopefully will see him wiped out, and good riddance too.
    Vince is in the wrong party, he’s a hard lefty from Glasgow, and can’t cope with the wide church in the Limp-Dicks.

  152. 152
    Laugh, I nearly smiled says:

    Vince is loyal to Vince. That’s all that matters, and the rest of us can go hang.

  153. 153
    Baddabing says:

    Where I grew up, laying a “Cable” meant taking a giant shit. The defense rests.

  154. 154
    Hava Nagila says:

    This is meant to be an age of ecological responsibility. Accordingly we should use only renewable resources: wood, rope and British politicians.

  155. 155
    Four Eyed English Genius says:

    The difference is that Jonathan Edwards knows what he is talking about!

  156. 156
    Four Eyed English Genius says:

    At his age, he is more likely to p*ss his pants!

  157. 157
    Spartacus says:

    Vince, the More (and More) Taxation MP can piss off any time he wants to.
    Sooner rather than later. Senile old bugger.

  158. 158
    stun says:

    Comment of the Day

  159. 159
    Spartacus says:

    Jonathan Edwards is a clear case of BBC bias.

  160. 160
    I meet a socialist once and the cunt nicked my wallet. says:

    Vince Tunes.

  161. 161
    I meet a socialist once and the cunt nicked my wallet. says:

    michaelmeacher RT New Post @leftfutures UK Uncut to shut down Westminster Bridge in protest over NHS bill http://t.co/sERaoNpS about 1 minute ago · reply · retweet · favorite

    What has this got to do with tax evasion/avoidence?

  162. 162
    Ed the Axeman says:

    5% to 5.1% when the target is 2%?

    Yeah right. It’s only a 0.1% increase isn’t it? No inflation at all.

    Bollocks

  163. 163
    Ed Miliband says:

    There is a home for Dr Cable in my party. (Complete with basket, food and water bowls and squeaky bone toy).

  164. 164
    Fabians are Evil says:

    Vince Cable is the ‘Polly T’ of politics – always making a noise to gain some attention but it is a noise amounting to nothing at all. The man is an empty suit, with the faint smell of stale piss about it, best send him to the naughty boy’s corner.

  165. 165
    Ed the Axeman says:

    He’s an insignificant twit.

    My bet is that they will keep him on, and put him in charge of paper clips.

  166. 166
    annette curton says:

    So they block the bridge and some poor unfortunate suffers a heart attack, would they let an ambulance through?.

  167. 167
    Backwoodsman says:

    Also begs the question, how long can the bbc go on putting up utterly discredited individuals like mcshame, as long as they spout the beeboid line, before the Tories wake up to the need to urgently address the bbc bias problem.

  168. 168
    Ozzie Osbourne Programmed my Operating System says:

    eh?

  169. 169
    annette curton says:

    Ed could never say squeaky, swektie, skworky and skwiffle are possibilities.

  170. 170
    non believer says:

    you’re right, it’s certainly doesn’t reach the levels of Shavian word play that “Lib Dumbs” does but it does have the virtue of being technically correct, and indicative of his obsession with the trivial and his image.

  171. 171
    James says:

    yes I also tend to agree with you. Governments are not very good at investment. However the problem is that over the last 10-20 years the private sector has been pumping up debt to huge levels but with little to show for it as it all went into asset bubbles. This benefited a small number of oligarchs and bankers but median salaries remained flat.

    We’re now in a situation where both private and public sectors have large debt overhangs. As I said, there is going to have to be some imaginative thinking to get out of this mess. I am not sure what the answer is but current policy around the world is not working.

  172. 172
    James says:

    except that in the 70s peoples’ salaries were still growing faster than inflation. This time this will result in inflation but no salary increases to keep up.

    This is not a replay of the 70s as we did not have the levels of private debt we have now.

  173. 173
    Nonymouse the Third says:

    My apologies. I was using July’s figures. The RPI price index changed from 235.2 in May to 236.1 in August; an increase of 0.4% – annualised inflation rate of 1.5%. But, hyperinflation is just round the corner, please remember.

  174. 174
    Nonymouse the Third says:

    If you think low interest rates are a sign of easy money you are locked in the Keynesian interest-rate obsession.

    “Low interest rates are generally a sign that money has been tight, as in Japan”

    – Milton Friedman. http://www.hoover.org/publications/hoover-digest/article/6549

  175. 175
    Honest View says:

    There is a strange pleasure in whinging, and taking tough decisions is not for everyone. Cable is clearly temperamentally unfit for purpose; but as an ex(?) socialist that comes as no surprise.

  176. 176
    Honest View says:

    Inflation is caused by “higher costs”? Well, I never.

  177. 177
    Honest View says:

    He really WANTS to increase spending? Well, what’s stopping him?
    This absurd attribution of deviousness to every politician all the time is tiresome.
    It produces, for example, the odd idea that the Conservatives actually WANT to put people out of work. They look at the people who will decide on their future and say “Now, just how much misery can I cause you?” They actually WANT to close hospitals and schools, but can’t summon up the courage to do it openly. What unreal piffle! Comes from the same stable as most conspiracy theories.
    Oh, I forgot; they’re the nasty party, composed of evil people who entered politics to cause as much unhappiness as they can. For God’s sake, grow up.

  178. 178
    Honest View says:

    I don’t think they’re intellectually pigmies; I see no reason to impugn their intelligence, but they are certainly not Conservatives in any reasonable historical explanation of that term.
    I don’t even think all socialists are stupid, even though I think their policies are fatally flawed.
    It’s a mistake to assume that your ideological opponents are lacking in intelligence. It’s a matter of judgement, not IQ.

  179. 179
    Honest View says:

    Yes. But you’re suggesting he will not be too inflexible to change his policies according to circumstances. Sounds fair enough to me.

  180. 180
    Dave Bullingdon says:

    Ah, Ted! My hero! (Sighs)

  181. 181
    Honest View says:

    This is an important point. Thanks to advances in technology, a modern country can trundle along well enough with a small labour force. We don’t need the millions of workers that we needed in the first half of the last century. In fact, we can’t really find jobs for them to do.
    However, we still have them; in fact, more of ‘em than ever before, and they must be fed and housed, even if they can’t be employed.
    So the pattern is set for the future; a lot of dependents living in modest and limited circumstances; a permanent deficit because we import just about everything; high taxation to supply the welfare state. No real growth.

  182. 182
    Honest View says:

    Real problem: too many people. Never discussed or acknowledged. Getting steadily worse. Behind just about all the world’s difficulties, from energy depletion upwards.

  183. 183
    Post hoc says:

    Well said Fiscal. Cable’s solution is just to continue the mess made by Gordo the great. Wonderful, well that really would sink everything. You can’s pump money in that you haven’t got. That is the basis of the current problem and in times like these, the only solution is not the discredited Keynesian approach, but to allow things to settle naturally and find their own level. Noticeable now that the EURO fund is now saying it may not have enough to save Greece. So mote it be. So yes, Cable should resign if this is the best that he can come up with.

  184. 184
    Post hoc says:

    We have to find it first. Oh yes, filed in first bin on the left, along with all those taxpayer letters.

  185. 185
    Pseudonymous says:

    That’s the thing about self-hating lefty liberals: they are incapable of enjoying the money that they are lucky enough to have – and resent those (like members of the Bullingdon Club) who both can and do.

  186. 186
    Post hoc says:

    He’s probably using it FOC anyway as it belongs to one of his local troupe!

  187. 187
    Pseudonymous says:

    It helps to be ‘intensely relaxed’ about inflating away non-indexed assets.

  188. 188
    Pseudonymous says:

    Anyone who saw her performances at PMQs will have come to the same conclusion: without an agreed party line to parrot, poor Harryet’s lost.

  189. 189
    tits up says:

    Vince go? -Don’t think Putin would let him

  190. 190
    James says:

    except someone has to consume the stuff being produced so this world view makes no sense.

  191. 191
    tits up says:

    Keynesians like Vince want to put the ‘Akbar’ back into Britain .

  192. 192
    Cato Street Conspirator says:

    Clearly you’re incapable of reading completely.

  193. 193
    Vince Cable's Rucksack says:

    Anyone seen Vince? I’ve lost him again.

  194. 194
    Vince Cable's Rucksack says:

    Apparently, he may resign. I hope he picks me up from the HoC.

  195. 195
    Stephen P says:

    No way Cable will actually resign, unless forced or about to be sacked.

    As a (cabinet?) minister he has a position of authority and significance.

    Ex- he is a minor MP. Frank Field level at best.

  196. 196


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