I think you're a bit harsh. What a great speech he gave. What great and withering lecture he doled out to that Gordon Brown. I loved the way Brown only gets to hear the truth of how heis bankrupting us when he goes to somewhere foreign. God I'm so pissed with that Mr Brown. He's no economist, no politician, no diplomat just a total chancer and self dellusional one at that.
Thank you , I feel better now.
I'm not being harsh ... I'm taking the piss ... out of the parliament and the media ... and being considerate. Hannan would have a heart attack if I was nice to him! And he was lucky ... some presidents cut the mikes bang on the second. Hannan risked losing his payoff line. Anyway ... here's the speech .... 450 words, on the button!
Prime Minister, I see you’ve mastered the essential craft of this Parliament –saying one thing here and another to your electorate. You’ve spoken here about free trade, and amen to that. Who would have guessed that you had authored the phrase ‘British Jobs for British Workers’, and that you’ve subsidised – where you have not nationalised outright – swathes of our economy, including the car industry and many banks.
Perhaps you would have more moral authority in this house if your actions matched your words. Perhaps you would have more legitimacy in the councils of the world if the UK were not entering this recession in the worst condition of any G20 country.
In truth, Prime Minister, you have run out of our money. The country is in negative equity. Every British child is born owing around £20,000. Servicing the debt is going to cost more than educating the child.
Now once again you tried to spread the blame. You spoke about an international recession; an international crisis. Well, it is true that we are all sailing into the squall – but not every vessel is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging – in other words, they paid off debt. You raised borrowing further. As a consequence, under your captaincy, our hull is deep into the water. We are now running a deficit that touches 10 percent of GDP. Unbelievable! More than Pakistan or Hungary – countries where the IMF has already been called in.
Now, it’s not that you’re not apologising. Like everyone else, I’ve long accepted that you’re pathologically incapable of these things – it’s that you’re carrying on, wilfully worsening the situation, wantonly spending what little we have left. In the last twelve months, 125,000 private sector jobs have been lost – yet you’ve created 30,000 public sector jobs. Prime Minister you cannot forever squeeze the productive economy in order to fund an unprecedented engorging of the unproductive bit.
You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re well placed to weather the storm, you sound like a Brezhnev-era Apparatchik uttering the party line. You know, and we know, and you know we know that it’s nonsense. Everyone knows that Britain is the worst placed to go into these hard times. The IMF says so. The European Commission says so. The markets say so, by devaluing our currency 30%. Soon the voters will get their say.
They can see what the markets have already seen: that you are a devalued Prime Minister, of a devalued Government.