Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, 15 February 2012

Cameron 'governs' the UK? Does he hell! (2)

That Cameron does not' govern Britain was raised in the first post with this title which dealt with the point about coastguard closures and Cameron's lack of power. This subject was also covered here in respect of the Costa Concordia tragedy.

Today yet another example of Cameron's inability to 'govern' has been illustrated with the report in yesterday's Daily Telegraph from Bruno Waterfield and in today's edition of the same paper James Kirkup reports (does not appear to be on-line) that the UK is one of 12 countries facing an investigation by the commission under a new "economic governance" procedure to "detect and correct risky economic developments. Kirkup's article goes on to state that Olli Rehn, the European economic affairs commissioner, said that if the "in depth scrutiny" concluded that household borrowing was dangerously excessive, the Coalition would be told to"take appropriate action to correct the situation". The European Commission press release on this subject can be read here, a press release which contains links to the full report.

Do note the words 'the Coalition will be told to take appropriate action to correct the situation'. So Cameron, as Prime Minister, heads the government of our country - and George Osborne, as Chancellor of the Exchequer, is in charge of our country's economic policies? Where there any 'eurosceptics' within the Conservative Party, surely they would be crawling all over this news item and asking questions in Parliament and raising the matter in the press?

Two quotations spring to mind:
"Give me control of a nation's money supply, and I care not who makes it’s laws."
Amschel Rothchild
"Those who have knowledge don't predict. Those who predict don't have knowledge."
Lao Tzu, 6th century BC poet
The first quotation is, perhaps, now redundant as the EU has virtually managed both, but I digress - and the second shows why politicians (especially the likes of Osborne and Balls) should not attempt to predict economic outcomes - or outcomes of any kind.

Just saying...............


Afterthought: While our democracy, our 'independence, our status as a 'sovereign nation' is being trashed before our eyes, Cameron is presently fixated on binge-drinking? Priorities, Mr. Cameron? The mind, something he appears to be missing, boggles.......

Monday, 14 November 2011

A Greek fable

With this piece of news, coupled with recent events in Greece, the following story - whilst not new - is worthy of repetition:
"Some years ago a small rural town in Spain twinned with a similar town in Greece.
The Mayor of the Greek town visited the Spanish town. When he saw the palatial mansion belonging to the Spanish mayor he wondered how he could afford such a house. The Spaniard said; "You see that bridge over there? The EU gave us a grant to build a four-lane bridge; but by building a single lane bridge with traffic lights at either end this
house could be built".
The following year the Spaniard visited the Greek town. He was simply amazed at the Greek Mayor's house, gold taps, marble floors - it was marvellous, beyond imagination. When he asked how this could be afforded the Greek said; "You see that bridge over there?"
The Spaniard replied, "No."