On Question Time Manchester, 25th Sept 2008

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Vince Cable MP is one of those rare things in politics, a lawmaker who has a strong grasp of economics. Quite unlike the majority of the other pathetic intellectually inept careerist pole licking goosestepping fascists, alternatively known as MPs.

The old, tired, uninspiring, failure prone, cowarldly, blind, pro-Zionist and corrupt practices by government (and to some extent opposition) is an indelible stain on the whole secular plutocratic political system.

You may possibly at this point be thinking I’m not a huge fan, but there are people within that system I respect. Cable is one as is George Galloway. However becasue they operate within that flawed system, it’s only a matter of time before they say something that makes me wince. I’ve written about one or two such moments involving a particular Mr. George Galloway before, but this time it’s I’ve had a Vince wince.

Vince was on the BBC’s Question Time, 25th Sept 2008 from Manchester and was given the first shot at the most obvious opening question… Re: the Bush administration deciding to use $700,000,000,000 (700 billion) taxpayers money to bail out a number of usurous companies in the US.

Vince said:

We shouldn’t go down the same road… We have a facility already if the banks are short of cash they can go to the Bank of England. We’ve learned from the painful experience of Northern Rock that if a bank . goes down it has to be dealt with decisively either its\a a private sector  solution and it is bought over immediately or it has to be taken into public ownership promptly. that’s the lesson we’ve learned from that.

Oh Vince! Come on mate!!! that’s very disappointing! I’d have thought you’d have the insight and balls to have mentioned the third option… “Let it go to the Wall !” like hundreds of thousands of failed business since trade was regulated. How could that not have gone trough Vince’s mind. I’d imagine it did, but he decided to self-censor himself.

Eerily, Derek Simpson, General Secretary of the Trades Union Unite. {This post won’t focus on the failings of Union leadership} said something but in a sublte way…:

I find this quite fascinating that were going to blame the people, were going to blame the government, were going to listen to explations about what other people would do, when We know full well for example, that the conservatives wanted to dergulatte the finance market even further.

The people thats done this, IMO are people who have manipulated the finance market, become extrmely fabously rich, and walked away making millions,IMO,  while millions of us to pick up the pieces. Thats what’s happened.

What i find fascinating is the bastion of the free market, America, now own half the morgaages in the America and have natinalised the biggest insurance company in the world and there applying socoalism! Which is an amaxing nationalsisation socialism.

but donet be fooled by it becasu what they’s done is they’ve socilaised the risk, not they’s still capaitalised the profiuts. becasu its the people that are paying the debt, not the people hat have caused it in the first place. Of course the governemss going to get the flack becasue what the govt at the moment. that’s the way things are. but they can do things. I understand BArak Obama in Ameica is suggested that  rather than let the housieng market the mort market collapse.  we should peng the interst rate at the bottom at 3% down at the bottom so people can continue to pay and stay in the homes.

…Vince Cable mentioned social housing…

I think sooner or later The politicans and currently it will be the labout government has to come around with a package that protects people from the… [sentence not finished]. Regulation, Everyone talks about regulation. We’ve even got church minister talking about it regulation…

Why should we let the the irresponsible behavious of a few cause/threaten the financial stability of many.

Did you spot it? Look at the Obama bit. Dez also operates within the current financial straight jacket whereby they are still having to pay for their home loan. My proposal is the kind of radical position Dezzy should be pushing. Those homeowners who were conned or ill-advised to take out loans beyond their means, should be GIVEN their house should the company/bank they are contracted to collapse. Why force them to pay? yoy may think I’m being unkind to Dez, because he said he wanted to keep people in their homes, but adding a sprig of garnish to a rotten banana doesn’t improve the underlying taste.

As for the Church being involved in this or ANY OTHER religious institution dipping its sizeable toe into those waters, shame on all of you. You are the very ‘money changers’, the propagators of riba that gave rise to the only ever time Jesus was reported to have shown anger.

And Hazel Beers saying [house]repossession would be the last measure made me shudder, not just becasue she was talking, but because it should ALWAYS have been the priority, but it never was.

Hazel Beers. Minister for something.

Its only now that panic is setting in amongst those who are set to lose money should too many people get turfed out of their house and free of having to repay loans (on the hightest house prices ever) left with now devaluing houses and nobody willing to buy them.

 

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