The triple prongs of Mr. David Cameron, prime of the Brits, words reeking of Margaret Thatcher, musk of that whore bitch Ayn Rand lingering nearby.
Even the Devil had but two prongs. Mr. Cameron is trying to outdo the Devil Himself.
First, confronting our debts. Those who still argue for an abandonment of our deficit reduction plan should reflect on the journey this country has taken. We went into the bust with the biggest structural deficit in the G7 and came out of it with a deficit forecast to be the biggest in the G20.
Financial Times
Dunno, Mr. Cameron. Debt certainly has its uses. Have you ever thought about gambling on debt, al a Goldman Sachs, John Paulson and his subprime bets, et al?
Paulson & Co, a hedge fund that made billions of dollars betting against subprime mortgages, has received a request for information from the Securities and Exchange Commission in connection with an investigation into complex securities at the heart of the financial crisis, according to people familiar with the matter.
The firm run by John Paulson profited from the subprime crisis by placing bets against securities known as collateralised debt obligations, or CDOs, which promised investors returns from pools of mortgages extended to borrowers with tarnished credit histories…..
The people familiar with the matter said they believed that Paulson & Co was not a target of any investigation. The SEC and Mr Paulson’s firm both declined to comment….
Financial Times via $Wall Street Folly
But, to return to the prongedness of Mr. Cameron:
Second, we are showing consistency of purpose on strengthening Britain’s competitiveness: raising the pension age; cutting corporation tax; reshaping the welfare system so that work pays...
Thatcherism lives on! With all its comic ironies.
How is work going to pay, Mr. Cameron, when you have the elderly who are forbidden to retire competing for jobs with the young and newly graduated who are eager and desperate to work?
And, cutting corporate taxes encourages corporations to siphon off all profits into the pockets of the One PerCent -- who do not in reality employ that many people polishing their yachts and tidying their magificent palaces in exotic lands. Besides, labor costs are so excruciatingly cheap in exotic lands, why would one want to drag a bunch of surly Brits along to tidy the old palace.
Mr. Cameron goes on to prong that other old whore, the puto Globalism
Finally, we are showing single-mindedness on unlocking global trade. ...Above all, at home and abroad, we must counsel against the pessimism and fear that can become self-fulfilling prophecies in global markets.
Wonderful. Another dose of Glorious Globalism.
Just look at what wonderful Globalism has done for the U.S.:
As most Americans stand around waiting for the U.S. economy to return to "normal", there is a never ending parade of jobs, businesses and wealth heading out of the United States. The jobs and businesses that are leaving are gone for good and will not be coming back. This is causing unemployment to soar and government debt to skyrocket but our politicians are doing nothing about it. Instead, politicians from both parties keep insisting that they will solve all of our problems if we will just give them our votes. Meanwhile, American families continue to fill up their shopping carts with cheap plastic crap made on the other side of the world. Globalism is slowly destroying the greatest economic machine that the world has ever seen and most Americans don't even realize it.
Killing the American Dream
Mr. Cameron bravely finishes off with a dollop of "fairness and balance":
Take all this together and you have a coherent, long-term plan to lay solid foundations for a better future. Strong growth alone is not the goal. For too long the British economy has been characterised by unfairness and imbalance; short-term thinking and short-term gains.
Our ambition is to build a new and better economy – where opportunity, wealth and work are spread more widely; where those who work hard and play by the rules get a good deal. There will be no short-cuts to success. But this coalition has the determination to do the right thing for our country, so that we don’t just weather the international storm – but come out stronger on the other side.
Fairness and balance?
Fair and balanced?
Those words are so familiar. Where have I heard that before....?
Keynes, any one? Doesn't this call for a shot of Keynes?