Le President of frogland thinks the fat mono eyed PM has screwed things up. He is right, bloody hell even the French are in a position to mock the "one-eyed Scottish idiot"You know we are in trouble when mocked by a short arsed Frenchman married to a woman(left) whos singing can only be described as a war crime against music...
"The British chose a recovery plan by boosting consumer spending, notably by cutting VAT by two per cent. It is plain to see that it has brought absolutely no progress.
"When the English decided to cut VAT by two per cent, a certain number of politicians rushed to tell me that I should do the same. Since then, not only has consumption in England not gone up, it continues to go down.
"The reason is simple: because it's in people's heads. If the consumer no longer consumes, he won't change just because we add or subtract one VAT point, it's because he's scared for his future, he's scared for his job and says to himself: 'I must save, because bad times are coming'.
"In France, we chose investment because when we put France into debt by taking money to invest, in return we have assets, infrastructure. When you put your country into debt to pay for operating costs, you have nothing in return for your debt and you ruin the country.
"If the English did that it's because they don't have any industry left. Gordon Brown cannot do what I am doing with carmakers [giving them up to 6 billion euros]... in construction and other industries, because they haven't got any left."...
George Osborne, the shadow chancellor, said: "President Sarkozy is the latest international leader to condemn Gordon Brown's main policy for tackling the recession.
George Osborne, the shadow chancellor, said: "President Sarkozy is the latest international leader to condemn Gordon Brown's main policy for tackling the recession.
"We said at the time that Brown's flagship VAT cut would only make things worse and would be an expensive failure. "Gordon Brown claims to have saved the world. It would appear that world leaders increasingly disagree."
Gordon's problem is he thinks that the way to resolve the rapidly deepening economic crisis is via 'stimulus packages' with magic money plucked off the magic printing press.
With the ultimate of getting the banks to lend again and rebuild the very credit bubble and circumstances that landed us in the shit in the first place.
Like holding an alcoholics meeting in the local pub, you get full attendance but they all end up dead.
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4 people have spoken:
It shows that the government really think that the electorate are a bunch of morons. Gordon thought that they would all rush out to spend more cash they didn't have because there were a few pence taken off because of his VAT cut!
True enough. Although more an more think that Gordon is a one eyed Scottish moron.
Him being one eyed and Scottish isn't the main point! That fact he is a moron with incompetent economic policies that are ruining the UK way of life is the big story. There are plenty of one eyed and Scottish people who're are bright enough to know these policies are stupid. As for the morons, they'll continue to vote new Labour!
The temporary VAT cut has actually harmed small business, adding administrative charges to change to the VAT rate to 15% and then more to come when it goes back to 17.5%... or maybe even more.
Along with his continued pouring of monies into poor IT systems, government non jobs, bail outs for failed banks, the Eu etc etc etc...
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