The Mandy returns

Like Lazarus, Peter Mandelson has risen from the dead.... for the third time!! Has there ever been an example of someone returning to the Cabinet after resigning not once, but twice for corruption!

I can't quite work out whether it is a bad political move or a really bad political move. The Left hate him as the Goebbels to Blair & founder of New Labour. Everyone else hates him because he was at the forefront of the spin & deceit culture heralded & honed by New Labour.

At least he can bring his Brazilian boyfriend over to London safe in the knowledge that now Sir Ian Blair has resigned, a young (rent) boy from Brazil can ride the tube without having his brains blown out.

With Campbell, Mandelson, Whelan and Draper all back on board, Brown is going back to the old spin meisters.

He is wasting his time as he is proper fooked and no amount of spin is going to help him.

Back to the 70s.... don't say i didn't warn you

The Times front page makes grim reading

http://business.timesonline.co.uk/tol/business/economics/article4860551.ece

4 day week at Ford, manufacturing output through the floor, warnings about power blackouts this winter, coal back in fashion (albeit 'clean' coal to salve the enviro-loons), Russia flexing its muscles, a ridicuously inexperienced Carter-esque President about to take power in the US..... back to the 70s indeed.

Oh well, at least we aren't bust like in 1976 going cap in hand to the IMF (well not quite yet), and that nice Mr Gay Gordo assure us he has paid the national debt down - honest guv..........

Net Debt £545bn
Northern Rock £87bn (save the geordie jobs for our friends in the north)
B&B £40bn (not even Santander would touch it)
Public Sector Pensions £1,000bn (poor old hard done to work shy public sector)
Future PFI payments £110bn - (even Enron would cringe at this off-balance sheet trick)

Grand Total £1,782bn

or £67,327 per household in the UK oooops. And the US Congress got shitty about a mere $700bn of bail-out ($5,000 per household)!

Oil prices & delusional Brown

I had to laugh at Gay Gordo's assertion that the high cost of petrol was all due to rising global prices and therefore he can't do anything.

The one-eyed psycologically flawed jock stated "The cause of rising prices is clear: growing demand and too little supply". This is probably true, although George Soros' assertion that speculation is driving prices is very interesting & we do appear to be approaching something like a bubble.

It doesn't really matter whether it is supply, demand or speculation. Gay Gordo is living in fantasy land if he thinks he can buck the market & force opec or anyone else to change track. It is just a PR stunt - look at me I'm doing something - honest.

In reality the only way Brown can impact fuel prices is by lowering fuel tax which is 20% higher than in 2000. This would of course in itself be a welcome move.

However, first the 10p tax debacle and now U-turns on fuel tax. You can hear the trade unions and the loony Left licking their lips. A wounded, floundering, flip-flopping government who will bend to pressure. Anyone for a new Winter of Discontent????

New Labour really is dead.

Crewe goes blue - amazing result

Last night's Tory victory in Crewe and Nantwich was amazing - 26yrs since the last Tory by-election victory & with a 17% swing!!

That would leave a Conservative majority after the next election of over 300!!! Everyone seems very quick to write off Labour & say that Gay Gordo is a dead duck. Maybe. I truly hope so.

But - Thatcher got slaughtered in by-elections & then stormed to victory in '83 after the Falklands ('"events dear boy, events"). Major routinely got battered in by-elections but scrapped a win in '92.

The best thing that can happen is that Brown hangs on to the Labour leadership & stays PM. He then goes down to an almighty defeat at the next general election. The Labour movement will then lurch to the left under some barmy Michael Foot/IDS style disaster & stay out of government for at least a decade.

Hopefully cue Cameron reeking creative destruction on the bloated debt laden state & public sector.

If I were Cameron I'd be courting the New Labourite MPs. They have very little in common with the Labour Left. Splitting the Labour party & having MPs cross the floor would be the best way to ensure the Conservatives dominate 21st Century politics as the party did for the 20th.

We just need a big issue to get them to walk after the next GE - think the Liberal Unionists of the 1880s.

Taxpayer to take £90bn of risky bank assets

So the government increases the tax on the poorest in society via the 10p debacle. Then allows lots of rich bankers to hive off up to £90bn of risky assets to the Treasury in return for gold plated Bank of England bills.

Well done Gay Gordo and Oh my Darling - a fantastic piece of fuck up.

So we bail out bankers who took ridiculously risky positions, who sold mortgages to a whole load of poor people they should never have touched, wrapped them all up in some asset securitisation, and made big book profits & bonuses.

Then it all goes tits up and we (i.e. the taxpayer) bails them out. Northern Rock was the best example of a fubar high risk business model - Alliance & Leicester and a host of other institutions have similar problems.

You couldn't make it up - and people are surprised when it appears that the banks are wrapping up low rated assets as collateral for the Treasury bills. For the banks its a no-brainer.

Yougov polls Tories 26% ahead!!!!!!!!!!

Is it premature to start chilling the bubbly after the latest yougov poll putting the Conservatives 26% ahead? This on top of Boris' victory & the local council gains.

I might think Cameron is a horrendous toff & PR man but anything is better than Brown and the Labour party. Hopefully Cameron will really roll back the state in favour of small government.

Bring on the general election - and Boris for Foreign Secretary in 4 yrs time! Hurrah!

bye bye lassy

So Wendy Alexander has blown another hole in Gay Gordo's government. She is now actively encouraging a quick referendum on Scottish independence. Given the unpopularity of Labour a referendum now would hasten the break up of the UK.

Well I think that is excellent news. Bring it on. I'll help build the border check points the day after we float the whinging Barnett formula fed Jocks off towards independence.

If the Scots & the Welsh can have a parliament and even Ulster has its own body, why not the English? When Tam Dayell proposed the West Lothian question in the 1970s it was a theoretical question. Not anymore. Now it is very real.

I'm cheered up no end by thinking of the day we wave bye to Scotland & all those Scottish Labour MPs, just like Mr Brown!

In the Brown and in the USA

Gay Gordo is off to the USA on an official trip. I wonder if Broon will pray with Dubya just like Blair?

As he arrived in the US he was telling everyone who would listen that the economy is fine, and that people shouldn't be worried about their homes & cash over the coming months.

The delusional spinning of Brown & Darling on the state of the UK economy is getting silly. Brown is doing a good impression of an ostrich sticking his head in the sand while Darling does an impression of Corporal Jones and runs around shouting 'Don't Panic!'

Hopefully Bush will realise that Brown is on his way out, is a yellow belly over Iraq (key member of the Cabinet to vote for war, now running away in southern Iraq), delusional on the debt pile mess of the UK economy, and has most Labour MPs in marginals saying come back Tony all is forgiven!

one-eyed cock jockey

There we go then. Mr Broon has signed away yet another piece of UK sovereignty by signing the new European reform treaty.

Such a bunch of arrogant arses. The political elites know very well that if given a choice, the British electorate would never back the euro or the march to a federal europe. But they conspire to remove that choice from the people via a referendum - despite promising one!!!!!

Wankers

http://news.bbc.co.uk/1/hi/uk_politics/7141279.stm