Hain: “Labour Needs to Learn to Love Spending Again”

hain

Peter Hain’s article in today’s Guardian reads like loony left bingo. Apparently focusing on the deficit is a “suffocating neoliberal orthodoxy” created by “the Mail, Telegraph and Murdoch stables”, and of course the Tories will take “public spending back to levels not seen since the 1930s when there was no NHS or decent state school system”. Hain insists “the deficit debate is a trap” and argues “Labour needs to learn to love spending again”:

“Labour will prioritise reviving Britain’s failing recovery by scrapping austerity… We urgently need (as some economists argue) £30bn a year for two years of extra capital investment in infrastructure, housebuilding, education, skills and low-carbon industries. This would rapidly expand the economy and cut the budget deficit by boosting tax revenues as people earn and spend more, working hours rise, and fewer families need to look to the state for support. 

Yes, the shock headlines would announce: “Higher Labour borrowing early in the next parliament”. But higher public spending and borrowing on capital investment today means lower borrowing tomorrow with the economy growing and tax revenues rising.”

Best of all, Hain accuses Blairites and Tories of subscribing to “Alice in Wonderland economics”. Says the spending-addicted debt junkie…

At Last! Miliband Finds International Allies for Tax Crackdown
ISIS Sign Up to Labour’s 50p Rate Policy

50p

François Hollande, Ed Miliband and now Abu-Bakr al-Baghdadi. The FT reports that ISIS are implementing Red Ed’s policy of a 50p top rate of tax across the one holy caliphate:

“Sajad Jiyad, an independent researcher in Iraq, says that Isis struggles to balance its books, but services continue to function because of the money Baghdad still pays to former civil servants in Mosul. Isis taxes those employees at up to 50 per cent of their salaries.”

It’s a cost of jihad crisis! The caliphate can do better than this. One nation….

Socialist Paradise Update: Venezuela Has 93% Chance of Default

It’s been a while since Guido’s global coverage caught up with how the loony Labour left’s favourite socialist paradise is getting on. Well, today Venezuela’s probability of defaulting on its debts has sky-rocketed to 93%, as the oil price slump sends the country’s bond prices to a 16 year low. The graph above from Zero Hedge shows how default risk has gone through the roof.

Bloomberg reports:

“Venezuela, which has seen over 1,000 of its companies nationalized since former President Hugo Chavez came to power 15 years ago, relies on oil for 95% of its export revenue. The nation is plagued by chronic shortages of everything from milk to toilet paper amid the world’s fastest inflation. The economy is expected to shrink 3% this year and another 1.5% in 2015.”

Owen Jones, Diane Abbott et al don’t tend to talk about Venezuela so much these days…

Official: No One Cares About #CameronMustGo

The less reality-based elements of the loony left are still banging on at the ‘biased’ media failing to cover a hashtag calling for the PM to step down. Today’s Populus poll offers a more likely reason: no one cares. Not one person in the real world thought it was a story this week:

The final proof it was never news…

Multi-millionaire Labour MP: Don’t Punish Criminals For Theft


“What really matters about members of the government is not their silly misbehaviour, it’s the way they’re crucifying millions of people”
writes multi-millionaire Labour loon Michael Meacher. That alone from his rant in the Morning Star would be worthy of the Order of the OTT, but what followed

“A million people have been sanctioned by government ministers over this last year, which means that they are deprived of all their benefit for often petty infringements – such as being five minutes late for a job interview – and hence have no money for at least four weeks and sometimes three months, forcing them to steal to survive. If they’re caught, the penalty for stealing some meat from a supermarket might be a fine of some £200, which of course they cannot conceivably pay, or it might be six weeks in prison.

During and after the Napoleonic wars there were up to 200 offences for which a person could be hanged, usually for stealing to keep their family alive. The people of this country sitting on the juries finally got round this draconian repression imposed by the ruling class by refusing to convict. That is what juries and magistrates should do now when faced by the stark injustice of the criminal justice system.”

Loot and be merry, comrades. 

Russell Brand Flips Out at Media, Drags Female Human Shield

Multi-millionaire conspiracy theorist and Marxist revolutionary Russell Brand did not take well to some hostile questioning from the media. He was so uncomfortable about scrutiny from Channel 4 about his own personal wealth that he physically grabs the nearest woman drags her in-front of the camera instead of him. Telling…

Tin Foil Trickett Strikes Again
Loony Ed Adviser’s Latest Conspiracy Wheeze

Ed Miliband’s new political adviser is in Norman Baker territory with this latest conspiracy theory. Jon Trickett reckons he can explain the lack of press coverage for the  prosaic #CameronMustGo campaign, which was started by an internet loony who claims the Tories are Nazis, and shared by dozens of simpleton Labour MPs. “The official media suppressed any comment,” tin foil Trickett claims, “you won’t have seen anything about it in the mainstream media”. (It’s been covered by the BBC.)

Could it be that Labour supporters tweeting that they don’t like David Cameron is not really that interesting? No, says Trickett, “the press barons and their hired hands fear that their power to control the flow of opinion and information is, daily, slipping away from their hands”. Tell that to the barons at the top of the Daily Mail Group and Telegraph Media Group. Papers owned by both have covered the ‘story’.

WATCH: Left Unity Debates Backing ISIS
Jihadis a “Stabilising Force” With “Progressive Potential”

This video was filmed on Saturday at the first annual conference of Left Unity, a interesting new contribution to British democratic discourse whose fans include Ken Livingstone and George Galloway. You wouldn’t know it from the banal voting process, but those present are discussing a motion on whether or not Britain should support ISIS. Several in the room agree that the bloodthirsty jihadis have “progressive potential” and “could only be a stabilising force for the region”. Here is the motion in full:

“Despite the atrocities it has carried out and its attack on the Kurds, IS nevertheless represents an attempt to break fundamentally with the structure of religiously and ethnically divided nation states imposed on the region by Britain and France at the end of the First World War… Unlike a continuation of the framework of western-imposed nation states, it therefore, theoretically, has progressive potential.”
 
“The Caliphate represents an alternative political vision that is gathering support amongst Muslims across the Muslim world because… it stands for replacing the brutal regimes in which they live with a political system based on Islam that sets up an accountable executive, an organised judiciary, representative consultation, inal motions and amendments for the rule of law and citizenship; such a state could only be a stabilising force for the region and the European Left has to acknowledge and accept the widespread call for a Caliphate among Muslims as valid and an authentic expression of their emancipatory, anti-imperialist aspirations.”

Er, what?

Channel 4 Promotes Racist, Homophobic Fantasist

Last night Channel 4 aired “How Rich Are You?”, a one off special about supposed inequality presented by ex-BBC lefty luvvy Richard Bacon and quasi-Marxist Paul Mason. It was predictably a forum for Comrades Bacon and Mason to […]

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Jihad Jenny: Hamas “Freedom Fighters” “Right” to Use Violence
+Claims “Dangerous” “Money and Influence” of “The Lobby”
+Blames Canada Terror Attack on Support for Jewish State

Loony “independent Liberal Democrat” peer Jenny Tonge has gone off on one again. ‘Jihad’ Jenny yesterday defended Hamas during a Lords debate on the Middle East, saying the terrorist organisation had a right to use violence against Israel:

“The propaganda

[…]

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PCS Strike Over 1% Pay Rise Then Give Own Staff 1% Pay Rise

The tiresome PCS union is on strike again tomorrow, moaning that the 1% pay rise for public sector workers is unfair and demanding a 5% increase for their members instead. Since Guido enjoys nothing more than spending his afternoons […]

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Venezuela Goes From Boob to Bust

venezuela2

It is not just the economy which is sagging in socialist Venezuela, the country has been hit by a shortage of breast implants, a foretaste of what Britain can expect under a Miliband government. Despite attempts by former leader Hugo […]

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