Who To Blame 24 January 2009
Everywhere its seems hypocrite fingers and tongues are a wagging.
It seems to me that few of us are free of blame for the UK’s economic downfall, and unless you fall into any of the following categories, you are surely not entitled to point the finger of blame and shame.
1. You Voted Tory because Conservatives believe that the economy may be determined by market forces and the supply of money, (“monetarism”) This they believed with considerable rigour until recently when this recession took hold. Go to any Conservative club in Great Britain and you will hear such rhetoric.
2. You Voted New Labour who abandoned socialism and embraced getting filthy rich to attract a demanding electorate that demanded to get filthy rich (Mandelson style), but at the same time in a “third way” kind of way, acquiring new independent schools and hospitals and plenty of ‘em, and an economic big voice on the economic world stage. Go to any Labour club in Great Britain and you unlikely to hear such rhetoric.
3 You Became a Banker for the wrong reasons. And abused the trust and the will of the British people who voted Tory to get filthy rich, or fooled Gordon Brown who thought the Bankers could be trusted to do the right thing.
4 You are an Economic Immigrant who is still heading toward Britain apparently disregarding the crisis, what crisis?
5 You are anybody else who never saw the recession coming on this scale until it arrived.
As a word of consolation to any banker that might be reading this, you are no worse than the political hypocrite on the Monk-scale of acceptability.
Have I left anybody out? Yes, Vince Cable. God bless him.
I would like to propose that the BBC programme, Question Time, invites five bankers onto the panel to face an average Question Time audience. Would I like to be there? Yes.
They are now speculating about calling the current economic situation a “depression” and we have only just got around to calling it a “recession.” And before it was a “recession” it was a “credit crunch,” And only when it started to hurt the man in the street, did the opinionated blame-game get underway.
Hypocrites surfaced around town and also on BBC Question Time where, for example, Janet Daly pontificated about Government intervention being a bad thing, because, like most Right wing Tories she is a non-interventionist. She said that whenever the government steps in you get “inept” consequences, and Leon Fox jumped on Janet Daly’s right wing bandwagon with an opportunist’s opportunism.
Most people object to the governments failure to intervene and regulate and determine how and what Bankers get up to. The Government did exactly what Janet Daly prescribed and did not “step in” and lay down some rules that might have saved the world, before Gordon Brown found it necessary to “save the world”.
So is Janet Daly a hypocrite or did she simply get her knickers in a twist?