More of other people’s stuff

Because, having done the stuff I needed to do, I now have CBA syndrome.

I heard Ali Darling on BBC news earlier, spouting the same old lines. Mr Eugenides sums up my response nicely (but do read the whole thing):

Hear this, Darling. You have destroyed the public finances and demeaned the nation’s governance. You have scorched the earth for your successors and ploughed salt into the ruins. You have fucked us so hard, Darling, that we will be walking bow-legged for a generation. How dare you put your mortician’s face above the parapet. Have you no shame?

Fuck off, shut up, and leave us alone. We do not wish to hear from you, ever again.

Meanwhile, Jeff Randall performs a field-autopsy on Brown’s legacy.

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Well, we kinda knew that already, Jeff, but do go on…

Despite its record of fiscal incompetence, constitutional vandalism and disregard for Middle England, Gordon Brown’s administration ought never to have collapsed. It had, after all, created for itself a client class of supplicant voters. As part of a grand plan for permanent office, more than one million immigrants were handed British passports (80 per cent of first-generation arrivals vote Labour) and 900,000 workers added to the public-sector payroll.

More pernicious still, Mr Brown and his ministers were delighted to overlook a grotesque distortion in the make-up of parliamentary boundaries, which meant that a 30 per cent vote for Labour produced about 300 seats, whereas the same percentage for the Conservatives delivered only 200 seats. In short, just about everything that could have been done to bend the system in New Labour’s favour was in place by the time the election was called.

The problem, however, was that the project had been constructed upon a moral cesspit. The party’s membership had been taken prisoner by a gang of desperadoes who clung to a conviction that honesty and integrity were disposable luxuries, and substance an unwelcome substitute for propaganda. The upshot was a dystopian regime in which Lord Mandelson and Alastair Campbell were recalled from ignominy to orchestrate a campaign of lavish deceit.

Meanwhile, the twatteriti are complaining about having a “feckless fop” like this running the nation’s finances:

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I know what they mean. Anyone who could afford a shave back when everything was still black and white were toffs, cads and idlers.

Far better for things to be run by the provisional wing of the David Bellamy fan club.

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Why can’t these bitter lefties get over the class thing? I was brought up on the breadline, in the North, in a staunch Labour household, yet I don’t appear to be equipped with the same chip as these people. Perhaps it’s because I stopped moaning, got off my arse and did something to put half of Hovis between me and the breadline.

Perhaps.

Said twitterist asks, in his profile, “Why should I face years of austerity when there are so many wealthy folk about?”

To which I reply, “Because you voted for the government that caused these years of austerity. I didn’t. Actions have consequences.”

Old Holborn has a nice compare and contrast post on this matter:

If a Libertarian doesn’t like guns, he doesn’t buy one.
If a Fabian doesn’t like guns, he wants all guns outlawed.

If a Libertarian is a vegetarian, he doesn’t eat meat.
If a Fabian is a vegetarian, he wants all meat products banned for everyone.

If a Libertarian sees a foreign threat, he thinks about how to defeat his enemy.
A Fabian wonders how to surrender gracefully and still look good.

If a Libertarian is homosexual, he quietly leads his life.
If a Fabian is homosexual, he demands legislated respect.

If a black person is Libertarian, they see themselves as independently successful.
Their Fabian counterparts see themselves as victims in need of government protection.

If a Libertarian is down-and-out, he thinks about how to better his situation.
A Fabian demands someone take care of him.

And there’s more… read on.

AJ

There’s a flan on the pitch… they think it’s pavlova

Keep going Gordon, don’t look back, now…

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Bags are being packed into cars round the back of 10 Downing Street.

Latest whispers from Senior Tories is that the Tories and Lib-Dems will not be able to strike a coalition deal and Clegg will enter into a confidence & supply agreement with a minority Tory government.

Yet in the same august organ, James Forsyth reckons a deal is in the bag. The outcome still depends on the support of the Lib Dem party beards, though. They are due to meet at 7.30pm.

Tories MPs are also due to meet up this evening as well.

I think the confidence & supply arrangement is both most likely and I preference.

See also http://www.isgordonbrownstilltheprimeminister.com/ for latest.

AJ

Chaos Theory

This post-election period has been a sublime frottathon for game theorists.

For my own part, two statements I’ve made over the last few days:

Friday:

The pressure will be on, though, for something to be in place before the markets open on Monday morning. The Pound is down against the Euro(!) and things aren’t going to be pretty if we still don’t know by Monday morning.

I was wrong about that. The rescue deal for the Euro pulled off last night gave rise to a rally of markets worldwide.

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Tomorrow, though, is another day. As Brown made this evening’s announcement, the Pound took a hit.

17:41 "A Lib-Lab coalition would be a big negative for sterling," Ian Stannard at BNP Paribas says. "The Government will be unstable and not have the ability to drive through the cuts required."

17:30 Pound is now at $1.4866 against the dollar, compared to $1.5056 earlier in the afternoon. Still falling too.

17:23 Euro has risen by more than half a cent against the pound following Brown’s statement. Markets really spooked by prospect of more uncertainty.

17:14 Reaction to Brown’s statement and subsequent fall in pound from Jeremy Cook, chief economist at World First:

It’s pretty clear that the market wants certainty and that the news that Clegg is dilly-dallying between Labour and the Conservatives have not gone down well. I’m surprised that the markets haven’t hit sterling hard today, the EU plan has taken a bullet for us. As soon as that become old news however sterling is once again in the firing line.

Now, something I said yesterday:

This leads us to a nightmare scenario – albeit a remote one. But we are in uncharted waters, with some of the most calculating and devious bastards in history squabbling for the helm of the vessel.

Others have written that a Lib/Lab coalition with Brown, or A N Other unelected leader, would so enrage the electorate that they could never win a referendum on voting reform and would thereafter be savaged at the next general election.

So, suppose the Lib Dems went into a coalition with Labour, Postman Pat installed at the helm.

They all want PR. Once they have it, their ‘progressive consensus’ will be de-facto obtained.

If they don’t need a referendum, why on earth would they hold one? Remember the Lisbon treaty?

Okay, I was wide of the mark with PR – Brown appears to be offering AV without a referendum. But Brown going as part of the deal? Hmm. Suits me, sir.

I don’t know if it’s any comfort that Tom Harris says the Labour MPs won’t let that through the commons. It’s perhaps a mark of how little influence Tom has in his party that he makes this point, addressed directly to senior Lib Dems, on his blog. His frankness is refreshing nevertheless.

So on his way out, Brown has thrown a spanner in the works that will almost certainly have a negative impact on the markets.

I wonder if I’ll ever get another chance to use this:

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Just be gone, you psychotic, monocular luntatic.

AJ