THREE CHEERS FOR THE GERMANS!
Thursday, December 11, 2008 at 10:22AM Not often I find myself in agreement with the Germans BUT I applaud Germany's finance minister who has launched an outspoken attack on Gordon Brown's economic recovery plan.
Peer Steinbrueck said the Government was 'tossing around billions' and was getting the country into so much debt it would take a generation to work off.
His remarks added to the prime minister's humiliation after he caused gales of laughter in the Commons when, in a slip of the tongue, he said: 'We saved the world'.
In an unusual breach of diplomatic etiquette, Mr Steinbrueck said that tipping the UK into record levels of debt was 'breathtaking' and 'crass' and was repeating the same mistake that created the crisis.
Britain has poured £37billion into recapitalising its banks, and Chancellor Alistair Darling made £20billion of tax cuts in his Pre-Budget Report, leading to a national debt next year of £118billion.
Steinbrueck is quite right. The "draconian Keynsianism" policies that Brown is pursuing will reduce our economy to cinders. Then again, perhaps that is the aim?
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Reader Comments (2)
Then again, perhaps that is the aim?
It sounds paranoid but I am not unconvinced. Demand for oil has to be destroyed globally. This seems as good a means as any to do exactly that.
For once, I'm on the side of the uppity Hun. He's only wrong that it'll take a generation to pay off our Brownian debts.
It's a three generation debt encompassing incalculable poverty, misery and deaths.
If we soon don't understand that the State is not our friend, and that we cannot afford government in its present guise, we never will.