Monday, April 5, 2010

Taxes Suck Demand Out of the Economy

Alistair Darling, Ed Balls and Gordon Brown claim that the Tories will take money out of the economy by cutting government spending, the Tories skirt round the issue by saying they will actually cut waste and undo the government’s proposed N.I. tax hike because it is a tax on jobs. The Tories have balked at directly crossing the Brown/Balls dividing line on tax and spend by directly taking on the idea that somehow government spending is better than the private spending that taxes reduce.  They are still advertising a vote-winning anti-tax message, but they are unwilling to take the argument further that lower taxes stimulate higher economic growth.  How different it is in the U.S. where even Obama ran and won on a tax-cutting platform.  Obama promised the middle-classes a tax break in a budget deficit environment little different to that faced the UK.

The Tory message is no new taxes and a slower increase in debt.  If a candidate in America suggested (as Brown and  Balls do) that raising taxes for the government to spend would support the economy, he would be laughed at, Obama during his presidential campaign said “The last thing you want to do is raise taxes in the middle of a recession because that would just suck up more demand out of the economy and put businesses in a further hole.” If only the truth of that was as recognised across the political spectrum in Britain.

Saturday, April 3, 2010

Support Gary Elsby!

For many years Gary Elsby was a regular contributor to the comments on this blog, much to the amusement of fellow co-conspirators. So it is without hesitation that Guido endorses his campaign “to do battle” and “carry the torch of socialism.”

The former Stoke Labour Party constituency secretary is standing as an independent, this is a bit of collateral damage in advance of the full-scale civil war that will come following a Labour defeat. Mandelson is trying to hold the line against the Whelan-Balls-Brown axis which is putting its placemen into upcoming seats using UNITE’s muscle with Tom Watson enforcing the faction’s advantage wherever he can. Mandelson in private sees the battle for Labour’s soul as his primary mission having calculated that Labour is likely to face at least one, if not two terms out of office.

The exit of so many Blairites has been a tawdry money-grubbing affair which has strengthened the Brownite / UNITE hand with ordinary disgusted Labour Party activists.  Mandelson has weakened his hand by misjudging matters and insisting that a “toff” like Tristram should be a standard bearer for his faction.

All in all, Stoke promises to be a foretaste of the chaos that will engulf the Labour Party following election day…

Friday, April 2, 2010

Labour MP : “Ball is a Bit of a Bully”

Quote of the Day

Barry Sheerman, Labour MP, says…

“We all know Ed Balls is a Bit of a Bully”

Wednesday, March 31, 2010

Punters Slash Odds, Ed Balls Now Expected to Lose

Right now on Betfair the odds on the Morley and Outwood seat being fought over by Ed Balls (2/5) and Antony Calvert (2/7) slighly favouring the Tory challenger.  Guido understands that Balls is cynically trying to shore up his vote in working class areas of the constituency by taking a knuckle draggingly tough line on immigration in leaflets going through letter boxes.

Antony Calvert has raised thousands online from grassroots Conservatives hoping to defeat the UNITE union backed and widely disliked protege of Gordon Brown.  Many of those hoping for Balls to provide a “Portillo moment” on election night are Labour MPs…

UPDATE : According to YouFund.Me.uk, Calvert has raised over £6,000 online in the last 7 days with the average donation just over £30.  The odds have moved even further in against Balls today, he is now 6/4 versus Calvert at 1/2.  Guido did manage to get a few quid on early…

Thursday, March 11, 2010

Making the Most of a Rare Treat

Ed Balls savaged Michael Gove on Monday for suggesting that only 45 pupils on free school meals went to Oxbridge – “You keep refusing to listen! I think he should do his homework a little bit better…” he spat across the Dispatch box. His humiliating climb down came only hours later. Thankfully Michael Fabricant, like many others, wishes to savour a rare moment where Balls concedes one of his many dubious lines was, in fact, wrong:

EDM 1054
CORRECTION BY THE RIGHT HON MEMBER FOR NORMANTON
Fabricant, Michael

That this House notes that following remarks made by the Secretary of State for Children, Schools and Families, the right hon. Member for Normanton in Oral Questions in the House on 8 March 2010, Official Report, column 6, where he contested figures provided by the hon. Member for Surrey Heath, concerning the number of students entitled to free school meals being admitted to the universities of Oxford and Cambridge, the right hon. Member in a letter dated 9 March 2010 to the hon. Member now says that `following our exchange in the House yesterday I have had an opportunity to look in detail at the figures you quoted and I can confirm that they are, on this occasion, correct’.

The correction should have been to the House to the first place rather than in a face-saving private letter.

Monday, March 8, 2010

Balls Up

It is election time so 18 year-olds get birthday greetings from politicians. Here is Ed’s slightly scary welcome. He pretends to be interested in their views on the economy and such like.  Though question 7 – “Will you deliver leaflets for Ed down your road?” – gives you a better idea as to Ed’s true motivation in contacting teenagers.  Question 6 seems a particularly stupid question…

Tuesday, February 23, 2010

Anger Management

Someone in Ed Ball’s Department of Children, Schools and Families couldn’t keep a straight face when details of an upcoming training day were revealed yesterday. Guido hears that the Anti-Social Behaviour, Bullying and Truancy Seminar next month will include the following sessions:

  • What are Government’s agenda and expectations?
  • Do we pay too much attention to the perpetrators and not enough to the victims?
  • How should we develop more effective approaches to identifying, helping and supporting victims?
  • Where can we hope to be in ten years time?

Given that internal polling is showing the Cabinet Office is too scared to speak out about the bullying that goes on, perhaps Gordon should pop along to the session in Leeds next month. Ball’s just told Radio 4 that he has never seen Gordon bully anyone. Must be tough for him to spot what he is a pivotal part of…

Wednesday, January 13, 2010

Balls : It Wasn’t Me

Ed Balls may be an unpleasant bully, but he is no fool.  He knows Labour is going to lose the election and he knows he will be blamed almost as much as Brown, for he is Gordon’s homunculus.  The politics of reckless dividing lines, big government over-spending, the vicious briefing against internal party enemies, his personal use of “Mr” McBride to poison politics and his low, lying Machiavellian ways are not going to be faulted for Labour’s defeat if he can help it.  If they are, his ambitions will be thwarted. In private he and his few allies are blaming the prospect of defeat on Hoon and Hewitt’s recent divisiveness.


Labour’s defeat will, he and other loyalists claim implausibly, be nothing to do with the years of kamikaze politics from Balls and Brown…

Wednesday, January 6, 2010

Mandy Back to Reassure Gilt Market

MandyAt 10.30 this morning we will have the first auction of government debt this year.  Gilts are ticking down* a little as the market awaits the outcome of the sale.  Mandelson is being wheeled out today to say that – shock, horror – the First Lord backs government policy; emphasising spending reductions, tax increases and reducing the deficit, all to reassure the bond markets.

At the same time Alastair Darling is introducing a Fiscal Responsibility Bill, to be debated  today, in the latest effort to reassure investors after Darling in 2008 scrapped rules to contain the deficit, he now repents:

“Whatever the economic circumstances, whatever the government, we need rules and objectives to govern fiscal policy… It is important we have that discipline.”

You can say that again.  Spending prolifically in the credit-boom years wasn’t prudent, it was reckless fiscal madness.  It was Brown’s delusion.  We really need to go further and introduce a balanced budget law, forcing the government to live within its means.  Today’s auction of £4 billion of gilts will cover a week of government overspending under the Brown and Balls economic plan.  The reality is we need to control spending as soon as possible. 

Creating spend / cut dividing lines is crass partisanship, not working in the national interest…

*Guido is short the market.


Seen Elsewhere

Carswell, the Clacton Cassandra | James Ford
Love Bomb Carswell | ConservativeHome
Denis MacShane’s Ex is Now Hacked Off Spokesman | Speccie
How the Carswell Story Unfolded | Sky News
How to Defect | Telegraph
Carswell Defection Will Dismay Thoughtful Tories | ConservativeHome
Carswell: Darling of the Tories, Labour and Now UKIP | Speccie
Where is the Love? | Tom Watson
Tory Eurosceptics Weakened | Speccie
Thacker Played Down Scandal | Times
How Clegg Lost the Women of Britain | Sophy Ridge


VOTER-RECALL
Get the book Find out more about PLMR


Douglas Carswell’s side-kick Dan Hannan MEP pours water on the obvious question:

“I won’t be joining UKIP, though I wish Douglas Carswell all the best. He has been a superb MP, and it’s honourable to stand for re-election.”



Owen Jones says:

We also need Zil lanes.


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