The Loony Left is Back
letter
to The Guardian, various pinkos have called for the deficit to be increased and the nation to stick its head in the sand and their hands in their pockets. They just don't get it.This collection of washed up socialists, scummy trade union thugs, outgoing MPs, brainwashing lecturers and err
BevaniteEllie
, otherwise known as the "first up against the wall" list is as follows:Colin Burgon MP
Alex Smith, Editor, Labourlist
Austin Mitchell MP
Anne Cryer MP
Alexandra Kemp, Chief Executive, West Norfolk Women and Carers' Pensions Network (personal capacity)
Bellavia Ribeiro-Addy, NUS National Officer
Billy Hayes, General Secretary, CWU
Byron Taylor, National Trade Union Liaison Officer, Trade Union & Labour Party Liaison Organisation (TULO)
Cat Smith, Vice Chair, London Young Labour
Chris Edwards, Senior Research Fellow, UEA,
Chris McCafferty MP
Chris McLaughlin, Editor, Tribune
Christopher Cramer, Professor of Political Economy of Development, SOAS
Clifford Singer, Director, The Other TaxPayers' Alliance
Colin Challen MP
Compass Youth Executive
Dave Anderson MP
David Drew MP
Dai Havard MP
Dave Prentis, General Secretary, Unison.
David Hamilton MP
Diane Abbott MP
Denis Murphy MP
Edward O'Hara MP
Ellie Gellard, Unknown Labour blogger
Grazia Ietto-Gillies, Emeritus Professor of Applied Economics, Director Centre for International Business Studies, London South Bank University
Glenda Jackson MP
Gerry Doherty, General Secretary, TSSA
Gordon Prentis MP
Prof. George Irvin, Univerity of London, SOAS.
Professor Ian Gough, Professorial Research Fellow, LSE
Hugh Lanning PCS Deputy General Secretary
Hywel Francis MP
Harriet Yeo, Labour Party NEC
Hilary Wainright, Co-Editor, Red Pepper
Ismail Erturk, Senior Lecturer in Banking, Manchester Business School
Janet Dean MP
Jeremy Corbyn MP
Jim Cousins MP
Jim Sheridan MP
Jon Cruddas MP
John Austin MP
John Ross, Editor, Socialist Economic Bulletin
John Weeks, Professor Emeritus of Economics, SOAS, University of London
Jonathan Rutherford, Professor of Cultural Studies, Middlesex University
Katy Clark MP
Karen Buck MP
Keith Norman, General Secretary, ASLEF
Ken Livingstone
Kevin Maguire, Associate Editor, Mirror
Kelvin Hopkins MP
Martin McIvor, Editor, Renewal
Malcolm Sawyer, Professor of Economics, University of Leeds
Mehdi Hasan, Senior Editor (politics), New Statesman
Michael Connarty MP
Michael Meacher MP
Mick Shaw, President, FBU
Mike Wood MP
Michael Burke, Economist and contributor to Socialist Economic Bulletin
Neal Lawson, Chair, Compass
Neil MacKinnon, Chief Economist, VTB Capital
Paul Kenny, General Secretary, GMB
Paul Truswell MP
Paul Sagar, New Political Economy Network.
Pat Devine, Honorary Research Fellow, University of Manchester
Peter Kilfoyle MP
Peter Willsman Labour Party NEC
Prem Sikka, Professor of Accounting, University of Essex
Richard Ascough, Regional Secretary, South Eastern GMB
Richard Murphy, Director, Tax Research UK
Roger Berry MP
Robin Murray, Fellow, Young Foundation, Author of Danger and Opportunity:Crisis and the New Social Economy
Roger Godsiff MP
Ronnie Campbell MP
Sam Tarry, National Chair, Young Labour
Sunder Katwala, General Secretary, Fabian Society (personal capacity)
Susan Himmelweit, Professor of Economics, Faculty of Social Sciences, Open University
Terry Rooney MP
Tim Roache, GMB Yorkshire Regional Secretary
Tony Juniper, environmentalist
Tony Woodley, Joint General Secretary UNITE
Will Straw, Editor, Left Foot Forward
The red peril is back.
Posts
20 comments:
Ah yes, because thats how to sensibly run an economy. Accuse anyone who doesn't agree with you and your policies designed to protect the rich and forget the poor as 'socialist' and threaten to kill them. Good going!
classic lefty sense of humour failure.
How would another stimulus not be a socialist measure?
Protecting the rich? you swallow the spin book or something?
TB, how do you reconcile your claim:
"pinkos have called for the deficit to be increased"
With this excerpt from the letter:
"thereby lowering the debt levels through a higher tax take"
Whether you agree with their opinions or not, isn't this just a crass misrepresentation? Surely you can do better than this.
(Pretty sure you won't allow this comment to be published anyway)
Because there is no bloody money left.
ANY increase in spending, however well spun as a bleeding heart stimulus, is going to increase the deficit, they are the one deceiving people.
Cutting needs to begin now and savagely.
"A programme of government investment would not only stimulate the wider economy in the short term, but would increase long-term growth, thereby lowering the debt levels through a higher tax take."
A pipe dream.
On one side of the argument:
Cameron and Osborne (one proper job between them)
ToryBear and any other Conservatives who blindly repeat whatever the above say
On the other side of the argument:
20+ of the world's leading economists
Sir Alan Budd, the Tories' own economic adviser
... and history itself
https://www.newstatesman.com/blogs/the-staggers/2010/03/spending-cuts-tories-recession
Still, as long as you can keep up the childish ad hominem attacks (pinkos?? ffs) then you're bound to be right in the long run. It's just a shame there won't be a country left to laud you for your prescience, if Osborne gets his way.
Next time stick to gossip, and leave the real world to those who understand it.
Thatcher had 350 economists against her, you can do better than that.
and seriously try using a different source than the drivel the new statesman pump out if you want to be taken seriously.
Talking of being taken seriously, care to elaborate on which of those names listed are 'thugs'?
There are two debts that government profligacy is incurring - one is government debt to any savers left in this country and one is the country's debt to foreigners, some of which is hidden as foreign ownership of income-producing UK assets like most of out utility companies. The proposed fiscal stimulus would increase both, even if directed at housing where much of the spending would go to pay British workers.
Only an idiot (or a left-wing economist) would claim that you can reduce debt through government spending - is income tax more than 100%? Much of this spending will leak out of the UK to foreign-owned materials companies and a fair slice of the wages will be spent on imported goods.
Now if they invested in export-promotion or import-substituting industries, then they might stimulate the economy and generate some extra tax revenue to largely (but not totally) offset the spending, but just putting money into the areas that have fallen behind the candyfloss economy in New Labour's thirteen wasted years is not a cure
Since Gordon's put up taxes 111 times and most of those have hit those earning under £50,000 a year, what makes anyone think number 112 will only hit the rich?
Gordon Brown has introduced 111 tax rises since 1997. He has taken an additional trillion pounds in revenue – that is to say, a trillion more than would have been raised had taxes stayed at their 1997 levels. And yet, incredibly, he has still contrived to double our national debt, running up a deficit of 12.6 per cent of GDP (Greece’s is 12.7).
And these cretins want to do it all over again?
Longrun 2 complains about "foreign ownership of income-producing UK assets like most of out (sic) utility companies".... remind me who sold these off for a fraction of their true value?
Oh, right. Her again.
A terrifying list, if it does happen I question the ability of our Security Services in preventing communism from infiltrating the Establishment again.
Although the economic stupidity of the original letter is laughable...... one thing keeps jumping out at me....:
"Ellie Gellard"
Are they serious!
The most sycophantic recently-a-teen political groupie anyone could imagine.
That single name on the list just shouts....... what a bunch of c**ks this lot must be.
I think TB has become a parody of himself, if this clown gets a press pass then things are going down hill!
Their letter states " according to the IMF, Britain is one of only two G20 countries not currently planning any such fiscal stimulus in 2010."
Do we think this might be because - almost uniquely - the British government was dumb enough to over-spend in a boom, creating a structural budget deficit that makes it impossible for further government spending increases to be made without spooking those lending the government the money?
And who is the anonymous troll? I mean if more government spending naturally led to lower government debt, we'd have pretty much cracked this whole economic management thing some decades ago and not have to bother with these nasty recessions things. Moronic.
"Longrun 2 complains about "foreign ownership of income-producing UK assets like most of out (sic) utility companies".... remind me who sold these off for a fraction of their true value?
Oh, right. Her again."
a) Ownership is a matter for the markets
b) Feel free to list the major assets that Thatcher sold into foreign ownership. As a matter of fact, it has been Labour that has presided over the takeover of major UK assets by foreign companies.
"Ellie Gellard, Unknown Labour blogger"
An unfortunate title!
Why isn't will straw out running his drug dealership?
An investment in housing.... lets think about that. House prices have fallen dramatically and people are mortgaged to the hilt and already in negative equity. Demand is low because people can't afford the downpayment as they're in debt and 100% mortgages no longer exit.
Should we build more houses and depress the market futher hmmmmmm.
Also, while it's technically true that the tax take will increase with increased Gov spending its not quite clear how this will have a net benefit. Unless of course you believe that aggregate demand crap.