Gordo has all the answers

! This post hasn't been updated in over a year. A lot can change in a year including my opinion and the amount of naughty words I use. There's a good chance that there's something in what's written below that someone will find objectionable. That's fine, if I tried to please everybody all of the time then I'd be a Lib Dem (remember them?) and I'm certainly not one of those. The point is, I'm not the kind of person to try and alter history in case I said something in the past that someone can use against me in the future but just remember that the person I was then isn't the person I am now nor the person I'll be in a year's time.

Alistair Darling has said that injecting more taxpayers money into the banking sector “is not your first port of call”.

Well thank fuck for that because printing a few billion extra pound notes just isn’t an option.  Darling has already handed over £50bn to the biggest banks and £200bn to the Bank of England for short-term loans – we didn’t have enough money to pay for the bail-out in the first place, we certainly can’t afford another one.

El Gordo is quite happy with the outcome of the bail-out even though the banks still won’t lend money and the subsequent devaluation of the pound is causing a double blow to the taxpayer.  In fact, he’s so confident that everything is going swimmingly, he’s planning a Keynesian-style public works programme that he claims will create 100,000 jobs including 20,000 in the construction industry repairing schools.  He doesn’t give any indication as to where he’s going to find the money to pay for the work that’s going to support 100,000 people but then he really hasn’t got a fucking clue what he’s doing anyway so I wouldn’t expect him to have any idea where the money was coming from.

The BBC reporter, Robert Peston, has made another one of his groundbreaking predictions.  He reckons that the British government are going to start guaranteeing bank loans in an attempt to get the banks lending again.

My strong sense is that the Treasury is moving towards a plan that looks awfully like the Tories’ proposal for taxpayers’ to guarantee a proportion of lending to business

How inciteful of Lord Peston of Threadneedle Street.  Was his prediction based on his in-depth knowledge of business and finance?  Was he tipped off by a Treasury insider?  Or could it be the fact that Alistair Darling announced that the Treasury would be setting up a loan guarantee company with £250bn of taxpayers money back in October?  Still, I’m sure the BBC will make the most of Peston’s “prediction” when the loan company is set up (if it isn’t already).

We’ve seen what happens when a nominally socialist government tries to run a capitalist economy, now we’re going to find out what happens when a nominally socialist government tries to run a Keynesian public works programme.  God help us.

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  1. Charlie Marks (365 comments) says:

    Make no mistake, the same thing would have happened if it was a Conservative or Liberal or UKIP government “trying to run a capitalist economy”. Boom and bust are an integral part of the capitalist system. As for Keynesianism – it wasn’t the New Deal that got America out of the depression, it was World War 2…

  2. axel (1214 comments) says:

    I agree about bom and bust, do you think it is a good thing or a bad thing? What would you replace it with?

    A war would be a good thing, good TV, disposal of excess assets(drafted unemployed)and brweaking stuff, is always good for the economy.

    What i would do is, declare UDI, then you will have a good excuse for fighting the nasty unionist forces(Taffs, Micks & Jocks)then the resulting natioalist buzz\glow will let you go toe to toe with the krauts, who are always good for a fight.

    As a point of advice, dont go for occupation of scotland, its not really worth and will just be a drain on national resources, look at the Clydebank Blitz for what you want to acheive, the germans did it in 2 nights, the resulting labour administration effectively did the same to the rest of scotland but it took 60 years, so you want a half way scheme.

    good luck and Let England prevail!

  3. axel (1214 comments) says:

    Boom is good, a lot of companies grow, some grow well some dont.

    Bust is also good, the weak badly run companies go down, leaving the stronger more efficient to remain.

    This bust is especially bad because of the long period of unsustainable growth that allowed dill weed managers to grow crappy companies that could not/should not survive.

    Maybe what we need is a quicker cycle, 1 year of boom to give things a chance to grow, 1 year of bust to blast out the dead weed?

  4. tbrrob (24 comments) says:

    Do you think Gordon shits money — or is he just a stupid twat?

  5. Charlie Marks (365 comments) says:

    Of course boom and bust is a negative thing for the economy: workers are put out of work, unable to create wealth by providing services or producing goods. Why should we suffer for the mistakes of our employers?

    Would it not be better to improve failing companies, rather than lay off the workers and have a fire-sale of the assets?

  6. axel (1214 comments) says:

    throb-neither, he is a Fifer Cunt

    Charlie- so who should be in charge? The alternative to me seems to be some form of Static Existence, where nothing changes and that seems a lot worse

  7. Charlie Marks (365 comments) says:

    “who should be in charge?”

    We should. It’s called democracy.

  8. axel (1214 comments) says:

    democracy is oki for politics but shit for business, are you suggesting a return to the populist trade unionist rabble rousing of the early 70s that screwed over british industry, that made it such a joke, they even made a Carry On film about it?

    Could you point me to some real world examples of how you think it should all be working, i just cant get my head around it

  9. Charlie Marks (365 comments) says:


    I don’t recall a Carry On film about workers’ struggles of the 70s, Axel.

  10. axel (1214 comments) says:

    Charlie: Thanks for that

    It was Carry on at your Convenience, which pretty much summed up the perception of British Industry, Kenneth Williams as the incompotent Knob end MD, some young guy as the fire brand union rep, who was always calling stgripe and Sid James as the hero with the parrot that could pick winners at the horse races

  11. axel (1214 comments) says:

    Charlie: Very good, I could actually do that and hold with their principles but……

    As far as i see it, organisations like this have to be ‘grown’, I dont see it as a practical way for our screwed over system to progress

    salary rates of 1-6 with appropriate qualifications to proceed

    a private university that generates the graduates the mother company needs and wants

    I like the idea of democracy and self ownership, if you screw up, there wont be some old granny from bourne mouth writing a snippy letter to the Times, it will be your neighbours and work mates who will ‘put’ you right

    this fits in with my beleif that small is good because it is fast and dynamic and big is bad becuse it bloated slow and carries too much dead weight, small is also good because you do not need to borrow huge amounts and be beholden to lots of shareholders, profit is not such a big driving force because as long as you can pay the wages, you are doing oki and profits will be I assume, either divied up for a christmas bonus or used to fund the next expansion, you have an academic factory which is run to serve your own needs, instead of the frivoliies of the intelligencia or the fumbling attempts of the government, the unions are effectively on board because they are a core part of the management but best of all, you can reach the top, you only need to be good enough and convince your buddies to vote for you

    this sounds like a damn fine idea!!!

  12. Charlie Marks (365 comments) says:

    “As far as i see it, organizations like this have to be ‘grown’, I don’t see it as a practical way for our screwed over system to progress”

    Well, a growth in worker co-ops would need political support, for sure. At present though, the three main parties in the UK are more interested in using the state to help multinationals increase profits by privatising Royal Mail, schools, and parts of the NHS.

  13. axel (1214 comments) says:

    What about this as a model for progress.

    The government ‘buys’ wedgwood and ‘gives’ it to its employees and it goes on from there?

    ‘buys’=offers to give to the liquiators the taxes and moneis owed to them, so that will inevitably give a lot of money, the liquidators can asset strip it down to the bone, maybe leave 3 seperate companies, say a delivery system, a clay miner and a cup maker, the government can use the normal redundancy money to add to the pot and although it is not much in the way of real money, it still counts for a lot in our mickey mouse times

    do you think that would work?

  14. Charlie Marks (365 comments) says:

    Sounds like a great idea.

  15. axel (1214 comments) says:


    So in essence, do you think i have it right?

    Also, if i become a communist, do i have to start wearing home knotted woolen jerseys? 🙁

  16. Charlie Marks (365 comments) says:

    Only if you are very naughty.

  17. axel (1214 comments) says:

    ‘very naughty’ is that being a Maoist or Trotskite?

  18. Charlie Marks (365 comments) says:

    Nope, just being very naughty.

    And you realise you will have to grow a beard…

  19. axel (1214 comments) says:

    I have had a beard since i was 16, so I have done that already :((

    btw, i am more than 16 now 😉

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