Saturday, 25 April 2009

You wanted equality! Well done, you've got it!

With the ongoing recession and the Labour policy of continued MASSIVE borrowing in order to cushion the debt rather than simply limit the spending, a brief review of history is needed which shows that under the Labour this would eventually happen. It was only a matter of time for this economic oblivion to occur due to Labour's luck, the economic legacy of the Conservative Party, the endless credit limit and the favourable global economic conditions running out.

Daniel Hannan in the Daily Telegraph recently stated “Poverty is not simply an absence of money. Rather, it is bound up with a whole set of other circumstances: lack of qualifications, demoralisation, family break-up, substance abuse, fatherlessness.” If you look at the history of the Labour Party, particularly in the 60's and 70's, it has been based on high taxes to the middle classes, high benefits to the lower classes, business decline due to over-regulation, high corporation taxes and stringent employment regulation, which is a result of the spine of union support running through the Labour Party. These areas could be regarded as the true sources of wealth. The old saying of not 'biting the hand that feeds' has never been learnt by the Labour Party. The givers of wealth are not tied to these shores; they can and WILL leave; they are not going to sit back and let Robin Hood, aka Alistair Darling, take another 10% of their income. There are plenty of other nations that wish to accept these talented individuals. The net gain for the government will be small in the long term. It is another scapegoat for the recession from a government that is only interested in winning votes through their decision making (in this instance by trying to start a class war). I have not seen one economic expert who has complemented the latest budget in any way, shape or form.

Every government since the Second World War that has attempted to throw money at the lower classes on the basis of improving “equality” has failed. They do not deal with the root causes, as highlighted by Daniel Hannan. Again and again, the words of 'a fairer society' and 'narrowing the gap between rich and poor' have been mooted around by Blair, Brown and other members of this regime. For most Labour voters this is arguably their primary reason for voting. At this point I feel I need to congratulate Labour on making this policy come to fruition (which can rarely be said). The gap between rich and poor, middle and lower class has become smaller, however the lower classes are still at the same point that they have always been at. The middle classes have been forced down the ladder and are now worse off than they have been for 30 years and they are the ones who will have to pay heavily over the next 23 years (as predicted) for the mismanagement of this regime. Life is not going to get any better for anybody except the 30,000 public service workers whose jobs were created in March (100,000 were lost in this time). Do we really need any more NHS middle managers, council consultants, community support officers? Over the next 4 years £4 billion is to be spent on extra consultants for the public sector. This is a staggering amount of extra money to spend when every other developed country is cutting back. Worryingly there is another year to go until the financial crimes inflicted by the current regime can start to be undone; however this is going to take decades in order to repair.

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