News commentary and predictions of political trends and what the future holds

Archive for June, 2012

Why Austerity is Failing our children

June 28, 2012

A generation or two of high unemployment and low wages is considered a price worth paying to bring down the deficit. This makes little sense economically (no jobs means less tax revenue, hence Osborne’s frantic borrowing)

Guardian article

If the Government believes that it is good to take from the majority because they a) either live in low circumstances and thus electorates that will never vote Tory anyway, or, b) they are young and are not enfranchised into the democratic system as they have no independence of mind or body. The “Baby Boomer” generation is defined by indulgence and when this is given to children in the fashion of top education good nutrition and a sense of moral value well and good, but a vast number of children these days get past the age of 25 due to zero economic options.

It is a cynical and unlawful party that recommends scrap heaping a section of its population that may never be able to vote against them. A bullying tactic or just a natural consequence of being a Tory toff who had his bread buttered for him from the start and now can not conceptualise that the economy is like a living animal, when you run it too hungry it gets tired quickly. The methods of the “financial stimulus” that the Brown government did was to buy into RBOS and NatWest – now the most badly managed banks because they outsourced too much responsibility to one failed cog that cost them a week of downtime and millions of customer headaches. And now Barclays has been fleecing interest. After the PPI scandal you would think that the banks would be a little more careful when it came to customer base fairness. A run on a bank is always down to perception. Dishonest bankers must be rooted out and sacked or confidence in the financial system suffers manifold.

This lenience on the wealthy and brutal treatment of the vulnerable while pricing education so that students are forever in debt is a master stroke of enslavement and duress upon an undeserving generation.

The Lib Dem balls up on Proportional Representation was a tragic day for those young disenfranchised voters. All voices should be heard equally or your democracy is unavailable.

Austerity is failing our children as it makes it impossible for them to assert their independence, so they do not define themselves in terms of their roots being well placed. They start life late, feckless and unremarkable. Our instincts shelter our young so they can lord it over their own isolated game console addiction the default pacifier of the teenager. Better than having them run wild in the streets.

Today’s government is a little like a medical team locking themselves in the cafeteria in case they catch something. The evolution of progress is forming an ugly mess of a future. That is what is wrong with this austerity. It is the isolation of social spending as a target for funding wealthy arrogance.

Lift them up for godsakes.


The Natwest nightmare

June 26, 2012

So, the government bails out a bank that sailed too close to the wind with their wild investment arms flailing about enthusiastically until it all went wrong. And Stephen Hester goes in to save the day and even though the bank continues to make losses there is “progress”. Huge bonuses attract much media attention.

Are cost cutting and mismanagement behind their IT systems failure? It is easy to blame it on cheaper outsourced employees.

It is a illustrative example of how wrong footed and illogical austerity is as a solution to the economic problems caused by the banks deregulated enthusiasm for gambling assets. Deconstruct society by making education out of reach and watch the corrosion at the margins eat away at your assumed wealth.


Is this not theft?

June 24, 2012

Top Tory donor George Robinson was a director of Rushmore, a (failed) tax avoidance scheme that Jimmy Carr was also a listed “Director” of – alongside 500 other disappointed capitalists.

Does this mean that the Tory Party is partly funded by income made via tax avoidance. Does this not mean that the Tory party is funded by people willing to steal from the people? Our Government is dishonest if they do not immediately act to close tax sheltering by the very very rich and if they are to remain honourable they should investigate their donors and if they are making donations of tax avoided monies, then the Conservative party effectively owes tax – and must immediately pay the correct amount of it to HMRC.

Additionally, the Government cost reduction strategy has reduced the HMRC staffing levels to the point where billions of pounds in tax avoidance are unable to be investigated.

Guardian article on Tory donor tax avoidance.


Syria shoots down Turkish jet

June 23, 2012

Syria has shot down a Turkish jet without warning after the jet had allegedly entered Syrian airspace when it was flying low 1km off the coast. The Turkish government has vowed “necessary action” in response. Syria has issued some apologies but face international condemnation for killing thousands of protesters and those fighting the Assad regime. What happens next may help oust Assad from power or it may even drag NATO into the conflict.

Guardian article


Tax Avoidance

June 20, 2012

The UK Prime Minister David Cameron takes time to criticise entertainer Jimmy Carr for putting £3.3N through a tax shelter scheme – one that may yet be undone. Carr made headlines as he has satirised the banks and tax avoidance as a comedian.

At least Jimmy Carr creates laughter. Perhaps he will make a big charitable donation so we can forgive him.

Mr Cameron convinces that he puts his panic, preference and public image ahead of any constructive logic, attacking an individual from his office, really. His job is not to be a whip wielding critic of those following the laws he is making a fuss about – it is simply his job to write viable new laws so that inherent unfairness in the system being used even by the likes of Mr Carr is prevented fairly. Takes a steady hand, and a cool head.

It is great that Mr Carr has donated his public profile in protest at so many others getting away with it and maybe he will pay his dues ultimately but is hardly a reason for the Government to pull laws out of a straw hat. Depopulating the HMRC says it all, really.

This is grandstanding at its most inept.