Yvette Cooper has been shooting her mouth off and contradicting her boss. More than that, she seems to think we should be turned into a nation of economic smack heads. She says (and I quote from Coffee House):
Unlike the Conservatives, we refuse to abandon people in tough times. The British economy needs a shot in the arm, not a slap in the face.
If she means the British economy needs kick-starting with a shot of adrenalin, then the Labour Party is not providing the solutions she’s looking for. The Labour Party are dishing out a whole different kind of intravenous remedy.
The Prime Minister’s plan seems to be to give the economy a short, sharp, shock. A temporary high where we all float in a cloud of tax-rebate spend-happy bliss, but that unfortunately wears off after a year and leaves us in horrible debt with the probability of deflation and a hugely devalued currency. Somehow that doesn’t sound like adrenalin being pumped into the country’s veins.
That’s heroin.
By comparison, you may want to look at the Tory proposals. They are designed, at least in part, to fix the underlying problems and leave the economy in a better position than it is now, over the long term, by making efficiency savings, scrapping wasteful projects and moving toward a ‘low tax, low inflation, low interest’ economy so that we can start paying back some the the money that Dear Leader has borrowed over the past decade.
Not that I’m ‘drinking the Tory kool-aid’, it just seems obvious to me that solving our debt problems with borrowing is a massive-scale equivalent of consolidating our loans into one low monthly repayment, and no matter what Carol Vorderman says, that just doesn’t end well.
Gordon may be able to give us a temporary trip, and it may feel alright while it lasts, but there’s going to be a hell of a comedown, and someone’s going to have to put the country through rehab afterwards, lest we start stealing to fund our habit.
