January 22nd, 2014

Everything is ‘Better Than You Expected’, Blanchflower

David Blanchflower, Gordon Brown’s favourite former appointee to the Bank of England’s Monetary Policy Committee, has come as close as his arrogance allows him to admitting he was totally wrong about everything. Back in 2009 the out-of-luck economist gazed into his faulty crystal ball and predicted that unemployment would top 5 million if the Tories came into power. In 2010 he forecast that unemployment would surge past 3 million to 3.4 million and in 2012 he predicted unemployment would go up the day before it dipped below 8%. So today’s painful admission that UK unemployment is ‘falling surprisingly fast’, which ‘is welcome good news and better than I had expected’, is a bit of an understatement. Better than expected… to the tune of millions of jobs.

 


77 Comments

  1. 1
    Whippersnapper2 says:

    Which simply proves what I have said for years and years that every economist is an ignorant cnut……

  2. 2
    Gordon says:

    I blame Danny

  3. 3
    Peter Grimes says:

    ‘Out of luck’?
    This idiot should be out of employment!

  4. 4
    Ed Balls says:

    The only triple dip was mine, with my houses.

  5. 5
    Anonymous says:

    If it looks like a numpty, and sounds like a numpty, then the chances are…..

  6. 6
    Aussie says:

    He’s Gordon Brown’s man, what do you expect!

    P.s. Anyone for cricket? http://theoccasionalpigeonuk.blogspot.co.uk/2014/01/england-cricket-fans-relieved-to-have.html

  7. 7
    RomaBob.... Beeg Issue, Beeg Issue! says:

    They do not have a clue, too close to Labour to give an honest opinion!

  8. 8
    The reality says:

    Look after the pennies and the pounds will look after themselves, is all they need to know.

  9. 9
    Elsie Hargreaves 5 Railway Terrace Dewsbury says:

    When is the interest in my Income Bonds going to return to 5% Mr Fawkes ?

  10. 10
    Mr Potato Head says:

    Luckily some economists do have a clue but none of them are socialists.

  11. 11
    Ed Bum says:

    Why Miliband sends Danny Blanchflower to speak about the economy beats me. Osbourne is doing better than I,Mr Bum, Reeves, chuke, Millie and the rest of us will ever admit on the BBC.

    Of course no body does it better then Gordon Brown hey Danny!

  12. 12
    i don't n eed no doctor says:

    Blanchflower, as labour, is in denial. The bloke is a loser.

  13. 13
    Del Boy says:

    March or April 2015 would be my guess.

  14. 14
    Sir Barrington Minge says:

    Bliar, Brown, Balls, Blanchflower…socialists. Nuff said.

    Socialism is a mental disorder, the Labour Party is the asylum

  15. 15
    Anonymous says:

    cents and euros

  16. 16
    White Dee says:

    How come I got no fuckin job then?

  17. 17
    Bingo says:

    It is only “surprising” if you are a left wing twat who knows shit

  18. 18
    who said that says:

    penny wise pound foolish

  19. 19
    ATOS says:

    Where do you want me to start? How long have you got?

  20. 20
    his mater's voice says:

    every is our reaction to the sound.
    when the thing is missing called “thing” –

    the word is “sound”
    sssssssssssssssssss is the hissing sound or some other sound. the choice is the reaction. the reaction is the sound. the answer is in the swiss army knife. now break thy thumb.

  21. 21
    chriselee says:

    Should have stuck to turning out for Spurs,he wasn’t to bad at that.

  22. 22
    The Ukranians are revolting says:

    Yesterday’s man with yesterday’s solutions.

    An economist,idler and reveller unlike anything you will find today in the vibrant independent all singing all dancing Office of Budgetary Responsibility.

  23. 23
    Anonymous says:

    Can’t believe that Danny has a still has a job as a lecturer. The man is always wrong & arrogant to boot! Typical Labour!

  24. 24
    ACDC says:

    People interpret that one both ways I’m afraid.

    It was meant to be similar to a stitch in time save nine but some economists go the other way (Blanchflower) and say spend spend spend.

  25. 25
    Georgie Osborne's blue and white army says:

    You have never had it so good!

  26. 26
    Billend Ben says:

    One thing that has not really been mentioned

    I am a small business owner, I am far happier to invest and take risks if I know claiments like White Dee and Fungi are having the squeeze put on them, and I am reducing the funding of their lifestyles from the tax I pay.

    I feel slightly pathetic and petty for feeling like this, but I work a 60 hour week and feel I should be better off than those who choose to do nothing.

  27. 27
    Clod Hoppers says:

    He should have followed his Dad’s footsteps into football.

  28. 28
    Axe The Telly Tax & Religion & Kill All Eco-loons says:

    Put them in a room and ask their opinions on financial matters and then bet on the exact opposite and you would make a fortune :-)

  29. 29
    Georgie Osborne's blue and white army says:

    Can we slap a tax surcharge on the Socialists please?

    After all the misery it only seems fair.

  30. 30
    Dumbcow says:

    That Eagle idiot has a Blunkett look about her

  31. 31
    Bulmers - maker of White Lightning says:

    STFU

  32. 32
    You work hard says:

    You have no reason whatsoever to feel petty or pathetic. You are entirely correct

  33. 33
    Arthur says:

    Same level of competence as his mentor Brown

  34. 34
    Manic Stare says:

    She’s as mad as a hatter that one.

  35. 35
    Georgie Osborne's blue and white army says:

    “Peace of Mind” in our time says David Cameron.

    Barely midday and someone has already been on the pop.

  36. 36
    man on the street says:

    True unemployment has probably topped 5 million, if you take into account all the different schemes that they put people on to, to avoid counting them in the figures, the under-employed and the zero hour contracts.

  37. 37
    George Brown deceased says:

    I think you will find that normal licensing laws do not apply to Bars in the House of Commons.

    They are a law unto themselves.

  38. 38
    Ed Balls says:

    It’s all about post neo-classical endogenous growth I tell you.

  39. 39
    An awkward bastard says:

    You sir are under arrest for treason.

  40. 40
    Williām Hill says:

    +1

  41. 41
    I like beer says:

    Do they have any Greene King ?

  42. 42
    moderate me would you? says:

    Brown trawled the entire world to find an economist that would agree with what he (Brown) was planning to do. Then he had him placed on the ‘independent MPC’ to, well fuck me, suggest that interest rates be slashed and kept low during a property ‘boom’.

    Blanchflower probably thinks he was selected on merit whereas he was merely selected to be cover for the Maximum Imbecile and is too stupid or arrogant to realise it.

  43. 43
  44. 44
    The former President of Ukraine says:

    Only when there is an “r” in the month.

  45. 45
    now go in the hole says:

    when in a hole, go deep.
    and study.
    learning is an experiment.
    sssssssssss, please sir, i am scared and help me out or get blissed out by the tankfull. elation is that flying feeling. elation is liberating but –
    freedom from liberation.

    the fall in a bump feeling. want to earn a cool 650, ziggy stardust

  46. 46
    The national debt not decreasing by the day despite Austerity says:

    If this was North Korea he would have been fed to the dogs by now with very good reason.

  47. 47
    Chekov says:

    Can we stop his pension first though.

  48. 48
    Gordon Brown says:

    Don’t forget the ones in disability.

    Thats my handiwork that :D

  49. 49
    The Institute of Socialist Economists says:

    You will be hearing from our lawyers in the morning.

  50. 50
    Anon. says:

    Owen Jones once again raising funds for the Labour party. Not sure how he can appear on the BBC without declared conflict of interest.

  51. 51
    Apple iPhones says:

    +1

  52. 52
    Samsung says:

    +1

  53. 53
  54. 54
    JaguarlLandRover says:

    +1

  55. 55
    Prince Rupert says:

    Blanchflower is very arrogant and pompous, and is effectively a soothsayer, his predictions are clouded by his anti-tory stand point. Osborn was proved right, Blanchflower was wrong, so why is he paid good money for crystal ball gazing, quite amazing in the 21st century. He offends, therefore he should apologise

  56. 56
    (That's enough Eds, Ed!) says:

    “Pass the hot milk, please!”

  57. 57
    (That's enough Eds, Ed!) says:

    Is that anywhere near Kaye Street?

  58. 58
    Only Chavs shop at Tesco says:

    Billend Ben – if you recall, Michael Caine made exactly your point just before the 2010 election. He was right then and you’re right now.

  59. 59
    (That's enough Eds, Ed!) says:

    + several million!

  60. 60
    Bolshevik Broadcasting Corporation says:

    I saw this bloke being interviewed on Sky yesterday and he was so angry at having his rubbish predictions quoted back at him that it was a good job he was a long way away from the interviewer. Denied he’d ever said itl, of course!

  61. 61
    (That's enough Eds, Ed!) says:

    People actually pay to hear that (vnt?

  62. 62
    John Motson's Sheepskin says:

    Blanchflower will endure for years as a term of incompetence.

    “John Terry missed the penalty by a mile, he totally Blanchflowered it”

  63. 63
    carlo gambino says:

    Still the BBC’s ‘go to guy’ when they want an ‘independent’ comment from ‘former member of the Bank of England’s Monetary Policy Committee’. On every producer’s speed-dial.

    All sounds rather better of course than, ‘Labour stooge’ or ‘Gordon Brown’s placeman’.

    Lynton/ Wavy what are you doing about all this then?

    Oh I see.

    Nothing

  64. 64
    I dislike socialists intensely says:

    Blanchflower is as thick as his bag carrier Ed Balls.

  65. 65
    No voice for the tele (or radio) says:

    Does he string words together better than that irritating Peston?
    Oh, forget the question. Anybody is capable of enunciating more clearly than Peston.

  66. 66
    Ecky thump says:

    Indeed, always there for a friendly and considered opinion.
    Tell me, when was the last time this chap was right about anything?

  67. 67
    Will says:

    Over at the guardian trying to say all zero hours contracts. Whilst some of the may be true outside of london in the midlands car production is increasing making cars people want to buy. Rolls Royce has a full order book, so manufacturing is doing well. The real question is how productive are our workers and on that score productivity had been falling especially in the public sector as they have not improved as much as the public sector

  68. 68
    Pesto says:

    Weeeeeeeeeeeelllllllllllllllllllllllll noooooooooooooooooooooooooooooooooooo.

  69. 69
    Jack Ketch says:

    I had a girlfriend called Penny Wise. She hated her name. Married a bloke called Stamp (Really!)

  70. 70
    Jack Ketch says:

    They also made sure that the smoking ban does not apply.

  71. 71
    Credibility deficit says:

    If I got it wrong as often and consistantly in my job as Blanchflower gets , I would be sacked for incompetence.

  72. 72
    Mark Wouters says:

    Bundesstagracoon Here ,
    It seems the fasion for our MPs in Parliament to not wish to be connected ,seen or have anthing to do with the Constituents who are being made to suffer , by the same members of the house of Parliament in England ,ive lived in Leeds ,west Yorkshire for nearly 13 yaers and never has a Tory Mp knocked on My door ,the same can be said of the Labour MPs who now dont want to deal with unemployed and Homeless / Hungry Constituents as it may be Upestting for them or they would be put in an awkward position,well deal with us Hes going to do wether he likes it or not.

  73. 73
    Fly on the wall says:

    Old Yorkshire saying: Where there’s muck, there’s brass.

    QED

  74. 74
    Fly on the wall says:

    Too many ‘publics’ there mate. make your mind up!!

  75. 75
    captnp says:

    Benefits street suggests its more like 500,000

  76. 76
  77. 77
    Keith says:

    he joins the worst 3 economists in the world

    about 3 mins in


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