'tis a puzzlement!
Monday, January 12, 2009 at 10:24AM Noted how the Bent Business Secretary, Lord Rhumba of Rio is planning to arrange either a credit reform package for the British car industry in general, or else Jaguar/Land Rover in particular. Now while the plan's basis, is to my mind, flawed in that we, the taxpayer, are being asked to underwrite loans from banks and corporate finance houses for things like cars because the banks/finance people have finished with easy credit, having had their own fingers badly burnt, and wish to shovel the debt burden onto us, the taxpayers; it brings up one or two queries, at least to me.
1. To the best of my recollection, nowhere in Labour's last Manifesto was there a commitment to finance a bunch of banks and shady money-lenders because they lacked the foresight to operate in a prudent and commercially-correct fashion.
2. Why should the British taxpayer, who have already seen huge amounts of cash dissappear into the cash drawers of the piratical Phoenix bunch, take care of an Indian company who bought Jaguar/LandRover on the open market. Phoenix, who bought Rover from BMW for a nominal ten pounds, and were presented with a bonus of approximately half-a-billion pounds worth of cars, materials and equipment. This bunch of crooks ran the company into the ground and legally dissappeared with their money firmly locked up in bonus cash, pensions and other semi-legal theft operations, leaving debts of over £1.4 billion pounds;
3. Have you ever studied a LandRover showroom? They are pretty nice vehicles, but they all have one thing in common, they are all BIG!, both in terms of actual size but also in terms of engine capacity and consequently, the dreaded CARBON factor. So we are being asked to place either cash or credit at the diposal of an Indian company making some of the world's most Carbon-unfriendly cars, and of course allowing those same vehicles on to British roads, vehicles which our good friends at the DVLA and Dept. of Transport are trying to get rid of?
4. Of course it could all be placed at the zippers of Lord Mandy anyway, as it ain't the first time he's come, literally, to the aid of some very friendly Indians! Hasn't he widened the circle of his friends enough?




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