UPDATE :Sandra Gidley, who shadows health is likely to vote against the leadership.
By comparison the Dow was at 8,569 on March 6, 1998 and last night it closed at 12,213. Up 42% over the same period.
Remember that next time Gordon or Alastair claim that “Britain is stronger placed to weather the coming global financial turbulence”. Complete fantasy.
UPDATE 09.05 :
Given some are suggesting it is currency related, broadening the comparison:
|The Great British Economic Miracle:||The Land of George Bush’s Tax Cuts:||Workshy Cheese Eating Surrender Monkeys:||Merkel’s
Tax Cutting Social Market Economy:
|Chinese “Communists” with 16% Income Tax:|
|FTSE 100 on 6 March 1998:
|Dow Jones on 6 March 1998:
|CAC 40 on 6 March 1998:
|DAX on 6 March 1998:
|Hang Seng on 6 March 1998:
|FTSE 100 on 5 March 2008:
|Dow Jones on 5 March 2008:
|CAC 40 on 5 March 2008:
|DAX on 5 March 2008:
|Hang Seng on 5 March 2008:
|Growth: -0.26%||Growth: +42.53%||Growth: +20.67%||Growth: 28.41%||Growth: 100.71%|
Hat-tip : Free Britannia and table courtesy of Spokey in the comments
The sheer ferocity of the attacks from Labour figures at their spring conference suggests they know it as well. Labour activists don’t like him and therefore don’t understand how he could win. Two months to go before they will find out…
The unpopular parts of the blogosphere are complaining about Guido’s comparison of the monies received by Tom Watson’s family and the amount received by Derek Conway’s family. None of them dispute that the Watsons suck on the teat of the taxpayer to a far greater extent than the Conways ever did. Not one has disputed the £300,000+ figure, they just weakly claim that the Watson family do more work.
Well Guido has some news coming folks… this is as they say “a developing story”. Guido has a track-record of leading on sleaze stories ahead of the dead-tree-press, ask Peter Hain.
Guido has himself heard the “sports pages” anecdote more times than he cares to remember, our Kevin must have as well.
Gordon’s Speech at “Britain’s Everyday Heroes” Book Launch (24 July 2007)
“The great American jurist Justice Warren once said that he read the newspaper sports pages first because stories there were of human achievements, and the front pages last because their stories were of human failings.”
Speech on the Global Economy at the Reuters Building (1 October 2007)
“And I am reminded of the story of Earl Warren, who said that he looked at the sports pages first because it told him a great deal about human achievement, and he looked at the front pages last because all it wrote about was human failings.”
Downing Street press conference (8 October 2007)
“I have been tempted over this weekend to take the advice of Errol Warren (sic), the American jurist, who said he only read the sports pages of the newspapers because they were all about human achievements, and he didn’t read the front pages because they were all about human criticisms.”
Speech at Sports Colleges conference (1 February 2008)
“US Supreme Court Justice Earl Warren once said he read the front pages of newspapers last because they focused on human failing. He read the sports pages first because they focused on human accomplishments and achievements.”
Last month at the NFU the weirdo PM forgot the bloody anecdote, which Guido can by now chant in his sleep, attributing it to JFK. (18 February 2008)
“John Kennedy was the President of the United States in the 1960s, and he used to say when he got bad newspaper headlines: ‘I’m reading them more and enjoying them less’. He said he read the sports pages first because they talked about human achievements and only the front pages last because all they talked about was human failings.”
And now at last week’s Labour spring conference. Kevin Maguire deserves an acting award to go with his ‘Order of the Brown Nose’ for his reaction to the line.
Hat-tip : DB
Congratulations to Alan and James…
Could it be because the Watson family is paid some £300,000-a-year by the taxpayer? A new all-time record for snouts-in-the-trough.
Last year Watson pocketed his £60,000 salary and his parliamentary expenses amounted to £150,000-plus – bringing his total package to £211,000 – making him the 73rd highest claiming MP out of 646 MPs. Quite an achievement for an MP not claiming for travel to and from Scotland. He of course employs his wife Siobhan at the public’s expense, his brother, Dan, is constituency director to Euro MP Michael Cashman, Dan Watson’s wife, Joanna, has no fewer than three jobs. Like her husband, she also works for Mr Cashman and for Wolverhampton Labour MP Pat McFadden, yet still finds time to be a Labour councillor in Sandwell. Amy Watson, cousin of Tom and Dan, works for Birmingham Northfield Labour MP Richard Burden. The West Midlands constituency Labour Party offices are packed with Watsons…
The total annual cost to the taxpayer of the Watson family’s five not-so-little piggies is in excess of £300,000. Far more than the disgraced Derek Conway fiddled…