Thursday, 26 March 2009
Not another Oh God!
Below is a transcript of Daniel Hannan MEP speech following that of kamikaze Gordon Brown to the European parliament:
The devalued Prime Minister of a devalued Government
Prime Minister, I see you’ve already mastered the essential craft of the European politician: namely the ability to say one thing in this chamber and a very different thing to your home electorate. You’ve spoken here about Free Trade – and amen to that. Who would have guessed, listening to you just now, that you were the author of the phrase ‘British jobs for British workers’ and that you have subsidised, where you have not nationalised outright, swathes of our economy, including the car industry and many of the banks? Perhaps you would have more moral authority in this house if your actions matched your words? Perhaps you would have more legitimacy in the councils of the world if the United Kingdom were not going into this recession in the worst condition of any G20 country?
The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20,000. Servicing the interest on that debt is going to cost more than educating the child. Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words – to pay off debt. But you used the good years to raise borrowing yet further. As a consequence, under your captaincy, our hull is pressed deep into the water line under the accumulated weight of your debt.
We are now running a deficit that touches 10% of GDP, an almost unbelievable figure. More than Pakistan, more than Hungary; countries where the IMF have already been called in.
Now, it’s not that you’re not apologising; like everyone else I have long accepted that you’re pathologically incapable of accepting responsibility for these things. It’s that you’re carrying on, wilfully worsening our situation, wantonly spending what little we have left. Last year - in the last twelve months – a hundred thousand private sector jobs have been lost and yet you created thirty thousand public sector jobs. Prime Minister, you cannot carry on for ever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line. You know, and we know, and you know that we know that it’s nonsense! Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so; the European Commission has said so; the markets have said so – which is why our currency has devalued by thirty percent. And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government."
I bet you won't hear this on the BBC or any of their blogs.
Hannan's speech was superb. kamikaze Brown's childish chuckling was pathetic, I mean really pathetic. You think this catastrophe you've led us into is funny do you Brown?
And guess what he's off touring the World and spending all our hard earned taxes but in secret he's trying hard to sell the British government Bonds to South America.
No other PM or President is touring the world, telling countries how to solve the problems inflicted by the 'Credit Crunch' they would appear to have their hands full dealing with their own domestic problems! Bearing in mind our problems run deeper, and, our pockets are shorter than our fellow G20 colleagues, is our kamikaze PM best qualified to provide best advice on remedying the problem? With his track record, do his peers particularly on Europe feel gratitude, or, resentment at the unrequested advice proferred by this self appointed economic guru? Perhaps the kamikaze PM could also advise us why he acts as if his economic track record over the past decade belongs to somebody else!