Dover.uk.com

A lot of very disappointed people.....

21 December 2013

...are one result of a strengthening economy.

Lets see...  forecaster after forecaster upgrading growth forecasts, employment at an all-time high, unemployment down to pre-crisis levels, household income expected to get back to positive growth next year, investment increasing across all sectors....  So let us see who is so disappointed with all this good news.

There is Ed Balls - Labour's economic spokesman who, alongside his master Gordon Brown, was guilty of causing Britain's greatest ever economic crisis.  Every prediction, every excuse he has made, every scapegoat he has fingered just shows him up as pathetic incompetent and utterly odious little man.  A man who has been wrong every time.

Let us not forget David Blanchflower, Gordon Brown's favourite living economist who must be hiding away in shame.  I met him a few years ago and, at the time, said that 5% inflation per annum for 5 or more years 'would be a price worth paying'.  He, typical of his type of smug middle class leftie, talks a lot about how the vulnerable need protecting but it is all talk - he clearly did not care at all about vulnerable elderly people whose fixed pensions and savings would lose a third or more of their value with his 'price worth paying'.

Gordon Brown himself of course, but we see him rarely these days.  His appearances in The Commons are as rare as rocking horse poo as he continues to draw his Parliamentary salary.

Ed Milliband - naturally as his chances of election get worse as the economy gets better.

You can add to that list every other Labour fellow traveller who predicted 5 million unemployed, who said the private sector would not 'pick up the slack' of public sector 'lay offs'.  You can add to the list all those who hailed the election of Hollande in France with his Labour Party style approach to the French economy - he is driving France into a triple dip recession as most of the rest of the world recovers.

Others you can add to the list include all who attacked Osborne's cuts package. All who opposed his supply-side reforms, all who attacked his cut to the penal high rate of tax.

If only Osborne had cut deeper and faster, had brought through more drastic supply-side reform, had chopped back those penal high tax rates to the levels we had when Brown was Prime Minister.  The good news would have started sooner, the deficit would be closed and debt started being repaid, household incomes would be up,  Yes, if only Osborne had been bolder sooner.

But at least Osborne gets two cheers for taking us in the right direction.
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