samedi 30 août 2008

The Recession Man cometh

Darling. Something has to be said about that as a surname, but later. Christmas, perhaps, when we've all got more time on our hands, what with the recession panning out worse than our dear leaders had anticipated and another million or so are down the social. When they said "The fundamentals of the UKplc economy are sound.", back in Spring, they really didn't know what they were talking about, see. Sorry Darling. Not that we believed them at the time, of course, but even so, Darling, as Chancellor you would expect him to have a bit more foresight than the averge punter. But no. "Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people [i.e. him and his team of fuckwits] had expected, Alistair Darling, the chancellor, tells the Guardian today.
In the government's gravest assessment of the economy , which follows a warning from a Bank of England policymaker that 2 million people could be out of work by Christmas, Darling admits he had no idea how serious the credit crunch would become. "

He had "no idea". No idea, none at all? Just poked his snout out of the window, sniffed the breeze, shrugged and announced 'Nah, it'll all blow over.' Well done Darling!

Apply the same logic to a coach driver, ["I had no idea how serious falling asleep at the wheel could be."] a doctor [" Oh, That lump! Christ now I see what you mean. How long's it been now?"] a teacher ["You know, I had no idea getting the wrong curriculum would be, like, so disasterous!"] and face it, they'd all be down the road.

Since he freely admits he has no idea what's going on with or what to do about the big it, we need to be sceptical about even his 'grave' assessment. That is, when they say things'll pick up by 2010, he means the recession'll drag on for years.

Even so, the cost of labour has to be held down so as to stop inflation going up. Funny how profits get bigger and bigger all the time though and no one says they cause inflation. The poor get poorer - only quicker under Labour.

Thank you Darling.