Tory big beast Ken Clarke has spoken out again to defend the incompetent Shadow Chancellor, George Osborne. Clarke has told the Times that Osborne is "very good". Unfortunately he doesn't say what at. Nor does he rule out a return to frontline politics.
'He admits that it could be difficult to resist a return to Government if he were offered the job of chancellor in a future Cameron administration. "It's rather fanciful to go down that route, but everybody who is offered the chancellorship thinks about it and of course I wouldn't just turn it down peremptorily".'As for Clarke's views on the economy I'm slightly confused: "this is going to be the longest, hardest recession of my lifetime. There's no one alive who's seen anything like this before," he insists.
Yet in the next paragraph he denounces a 'Keynesian spending spree'.
"That's useless. It's pork barrel. It takes two or three years for any money to get into public works. The recession is long over by the time your useless road or runway is ready."So the recession is long over is it? "The longest, hardest recession of my lifetime" - over before you've even had a chance to lose all your worldly possessions.
The man's a genius!
2 comments:
The main article says :
"He does not know whether we are about to enter a depression, but says: “I think this is going to be the longest, hardest recession of my lifetime. There's no one alive who's seen anything like this before - it's the worst banking crisis for 100 years or more."
which is a clear contradiction & suggests to me some bad editing. It may be that he said there would be a long recession if Labour continue with their programme of borrowing money & spending it on the unproductive (ie governmental) half of the economy. Or he may have made some other qualification which has been missed.
Can't help wondering whether Labour is waiting for the right moment to announce a bonfire of the quangos or the cancelling of the NHS IT project. Sadly, they seem intent on going through with ID cards.
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