How Labour might spin a second bail-out
James Forsyth 2:45pm
A second bank bailout would, as Pete noted earlier, be a hinge moment in British politics. Anthony Wells has shown that Labour’s fortunes began to recover because people believed that Brown and Darling’s rescue plan for the banks would work. If the government have to go back and have a second crack at it that will surely undermine public confidence in its ability to handle the crisis and in its future pronouncements.
But I suspect that Labour think they have a way to spin it. Congressional Democrats plan to have a stimulus package, which looks like it will be worth between $675 and $850 billion over two years, ready for Obama to sign as soon as possible after the inauguration. I expect that Brown will try and roll out the second bank bail-out at the same time. The idea being to present it as part of a coordinated global move; Brown and Obama doing whatever it takes ‘to save the world economy’ in contrast to the ‘do-nothing Tories’.



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Wilhelm
January 3rd, 2009 3:08pm Report this commentNice picture of Moses and Jesus.
Polly and Alice's mum
January 3rd, 2009 3:41pm Report this commentI think I am losing the will to live....
strapworld
January 3rd, 2009 4:42pm Report this commentMoses? I thought it was GAWD!
Obnoxio The Clown
January 3rd, 2009 5:20pm Report this commentGod help us
Verity
January 3rd, 2009 5:54pm Report this commentPolly and Alice's Mum - You and me both.
But I think James's prediction is spot on. Gordon Grunge will try to stage manage an illusion that this is part of global strategy (in which he is, needless to say, a key player). There will be loads of coverage of Obama on the BBC to heighten the illusion.
Let me make a horrible prediction. Gordon Brown is not leaving office. If he has to form a National Government to stay, well, that's what it takes and he'll do it.
He is not going away.
The Conservatives have said some good things, but I think they have to be more radical to fight the incredible hulk. An iron-clad pledge to derogate from the Lisbon Treaty would be helpful, but they won't do that because Dave sees his personal future in Europe.
A promise to close the borders and put manpower into rooting out illegal immigrants and sending them to the closest Muslim country might be a start, especially if coupled with an offer of, say, £20,000 to any Muslim who will agree to be repatriated in return for a swab of his DNA and a retinal photograph.
A promise to derogate from the vile EHRA would produce a tidal wave of votes, but again, David Cameron's personal future in Europe is at stake here. (OTOH, there will be no future in Europe unless he manages to squeeze into office ...)
An announcement that the Tories will break-up and sell-off of the BBC, and an end to the licence to own a television, would help enormously.
Gordon Grunge is centre stage every waking minute. The Tories simply have to be radical. And even then, they will have to fight the BBC for coverage.
Verity
January 3rd, 2009 5:56pm Report this commentPS - Would the incredible hulk have to get HM's permission to form a National Government? Any hope she'd tell him to bugger off?
silent Hunter
January 3rd, 2009 7:18pm Report this commentYeah......That's ALL it is!
S P I N.
A General Election would be nice.
Mark
January 3rd, 2009 9:27pm Report this commentOh dear, Verity. You are several million miles from reality. I am extremely right wing, but have the sense to know that your agenda is unachievable and beyond parody. Perhaps you are a Draper troll?
Wilhelm
January 3rd, 2009 9:45pm Report this commentAll that photo needs is self indulgent, narcissistic , egomaniac, Annie Lennox and it would be complete.
Saw Annie squeeeling about Israel on the news today. What she didnt tell us was Hamas has fired 6000 missiles into Israel for 3 years.
Susan Hill
January 3rd, 2009 10:18pm Report this commentWould somebody please give me, say, half a dozen MAJOR policies in which the Cameroons differ radically from Labour ?
Or even half a dozen major policies.
And please, not the one about reducing council tax by a halfpenny. I mean policies behind which are beliefs and principles, formed by and welded to and a direct result of those beliefs and principles.
Because until someone does, I will continue to see nothing in the Tory Party but weak shadows. They react occasionally, true, but only to the detail. Isn`t it time someone stood up and said 'This is what we are. This is what we stand for.' Maggie would have done it.
J H Holloway
January 4th, 2009 1:48am Report this comment1. We'll all be sick of the 'me and Obama' schtick from Brown and Labour, 'making globally co-ordinated moves' over the next few months. The BBC will repeat it like goons.
2. Cameron's forward strategy has been hammered by the extent of the collapse, but he does now have time to sit and think and - most important - let it all play out over the next four months or so, ahead of the local/Euro elections
It's Labour that is on the spot. It is in government and has 18 months left in power. An it's on Labour's watch that the country has nose-dived.
If I was Dave, I'd sit back, think and only speak when the shape of 2009 becomes more clear.
PS- Verity. You don't understand the English Upper Classes, so you? Dave already has the money, social standing and town/country lifestyle. When he's been PM, he'll go back to the country.
You are confusing him with jumped-up socially insecure clowns who crave a larger stage, like Kinnock and Blair and Broon.
Verity
January 4th, 2009 2:49am Report this commentSusan Hill - yes, ma'am!
But they're keeping their powder dry. They have the driest powder in the history of human warfare. They give the appearance of being weak. They give the appearance of having no grand strategy to reverse the horrifying damage that has been done to our country, our civil society, our constitution and our bill of rights over the last 12 years. Indeed, that powder is dry. Instead we get "global warming" and similar chimeras presented as real threats, rather than yobs, crime, the police taking the side of criminals and prosecuting those reporting them, the EHRA allowing illegal alien criminals to stay and be supported by British wage-earners, the acceptance by the ArchDruid of Canterbury that shariah should be integrated into Britain, the acceptance that a school nativity play should be cancelled because "it interferes with Eid", Gordon Brown's diktat that muslim men with more than one "wife" should still get benefit paid for by normal British people for those extra "wives" providing the "marriages" took place in a country where they were legal.
Meanwhile, clever British children are being kept illiterate by insane Marxist diktats. Newly-qualified British doctors can't get jobs and are going overseas, where they are welcomed, as the NHS kits itself out with muslim doctors and nurses.
The strategy is to conquer the British from within.
Where are you, David Cameron?
Fergus Pickering
January 4th, 2009 8:45am Report this commentSusan Hill, I like tyhe idea of reducing Council Tax because, you see, I pay it. Beliefs and Principles are ten a penny and you can have those if you want. So long as I don't have to PAY for them. The trouble with Labour's B and P is that Ipay for them again and again. Government is about two things: Death - making sure I don't for as long as possible - which is primarily the keeping of good order in the state, and Taxes. Principles and Beliefs are Sunday stuff. As Boris said in the Wall Street Journal, everybody knows what conservatism is, we don't have to TALK about it, do we? Doing things the way they used to be done. Not changing what works. It it ain't broke, don't fix it. I agree with Cameron. There are some things that Socialism has broken. Mend those things by rolling back the Socialist State. Get on with it. Oh, and don't meddle in other people's foreign wars. Not letting in too may more Muslims who want to kill us would be nice too. OK?
john problem
January 4th, 2009 9:51am Report this commentOoh! Cunning! And Brown would be able to prose on about the renewed special relationship. By my count that would be the ten thousandth porky from our PM. More to come, folks!
Susan Hill
January 4th, 2009 11:00am Report this commentFergus Pickering. Well I pay Council Tax, what makes you think I wouldn`t. I pay £2,800 a year of it but set beside income tax, NI and the rest, it is not, actually, a very big tax. And although I was disgusted that my local council last year employed a 22 year old as a 'Climate Change Officer' to send me stupid leaflets abot switching off the lights, on a salary of £26K a year... in spite of that, my money does, on the whole, get reasonably well-spent providing local services. Of course we need practical policies. But anyone of any party can come up with something like that, it isn`t especially party-political. I want to know what their values and principles are because those are what will or should govern major policies which will have a serious impact on us all for the long-term. Taxes-schmaxes, they go up and down, get added to, fiddled with, taken away, put back...But what about believing in the principle of hard work being rewarded, shiftlessness being penalised ? That is a sound principle which ought to lead to the actual policy of taking handouts aka benefits away from the workshy and the over-breeders and the immigrants who have no reason to be here other than the desire to sponge off the rest of us. Genuine asylum seekers usually get on with it and within no time are contributing to our society - remember the Boat People ?
Principles and values are not just hot air, or shouldn`t be, they should be the basis of policy. Of course I don`t only want the fine words that butter no parsnips.
Sadly, the Cameroons started off at a time of apparent high-prosperity when everyone was happy and well-off and in work and so they started looking for policies and found them in the rubbish about Global Warming aka Climate change. And we all laughed as Dave climbed up onto his nice house to stick up a little windmill thingy - bless, we said, but why not, does no harm, all a waste of time but let him have his toy, let him have his global warming if it makes him happy. But now times are tough and going to get a lot tougher and they are just wittering about taking a few bob off Council Tax - though I see the little windmill has come down.
The politicisation of the Police, which has made them ineffectual. The destruction of trust in the NHS. The unbalancing of our society by the granting of vast benefits to the feckless. The insidious rise of political correctness taking the place of Christian (or Jewish ) values and beliefs. The rise of the great Uneducated. The prizing of Training above Learnng. The increasing lack of respect and social decency. The attempted increase in government - national and local - control over every aspect of our lives no matter how private and personal. .. it is time the Tories took a hard look at some of these things because they are what people talk about and care about and what affect their everyday lives. And the solutions should be based on the values and principles of a free society, individual responsibility, the work ethic, mutual personal respect, ... the right day-to-day policies would follow as the night the day, if the right values were in place.
GeoffH
January 4th, 2009 12:42pm Report this commentSusan Hill: "Well I pay Council Tax, what makes you think I wouldn`t. I pay £2,800 a year of it but set beside income tax, NI and the rest, it is not, actually, a very big tax"
Well, we can all see how much tax you pay then! Good to see you are so highly paid. I'm sure you deserve it.
However, the £1700 a year I pay is almost two month's after-tax pension from my company scheme.
If you were in my position you wouldn't be so sanguine about this iniquitous levy.
Susan Hill
January 4th, 2009 11:44pm Report this commentCouncil Tax has nothing to do with how much I earn it has to do with the size of our house. Which is a farmhouse with 50 acres of land. I am very very fortunate in being extremely well paid for what I do but in fact I could be living here as a farmer barely making ends meet and still be charged the same Council Tax for the place.
It is still a relatively low tax when set against income tax - in which I include NI, which is just a bit more income tax under another name.
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