How on earth do we stop this mad man that is Gordon Brown. Not only was he the architect of the financial system and regulation that lead us into this disastrous mess, but he is also the man that believes, he is more qualified than anyone else, to get us out of it. This deluded man is convinced that he bears no responsibility for what happened, even though everyone else knows differently. This vain man even seeks to lecture the leaders of other countries on what they must do to overcome the economic meltdown that is happening around our ears. This inept little man constantly tells the people of this country that the problems that have beset the United Kingdom are a direct result of economic and commercial mis-management in other countries, such as the United States. This incompetent man has the temerity to inform us that we are best placed to “weather the financial storm“. Yet he knows that this is not true and, that notwithstanding, no other economic expert agrees with his assessment. No doubt this could explain why it is that Gordon Brown has never told us why we are in a better position.
Gordon Brown, the unelected the prime minister of this country is a fool. He was a very poor Chancellor, arguably one of worst in our history. He has built on that well earned description by becoming one of the poorest, most incompetent prime ministers in recent times and there are plenty of former PM’s that could have been considered for that award. Any good leader would not assume that only he has all the answers and yet, Mr Brown constantly spouts on about the fact that he has the solutions and is best qualified to lead us out of this deep recession. A good leader would surround himself with knowledgeable people, not loyal soldiers, yes men and women, or business people seeking a knighthood or peerage for their ‘services’. Any good leader would know that a top team would always challenge the status quo, keep them on their toes, ensure that they don’t start to believe their own publicity, question, cajole and nudge. Any good leader would not be cowed by strong people around them, but instead, seek their counsel, listen, question and heed. But, Gordon Brown has clearly demonstrated that he is NOT a good leader.
Let’s consider a few other things;
Gordon Brown, as Chancellor, was the architect of the tripartite arrangement formed between the Treasury, the FSA and the Bank of England. Yet it was the failure and inadequacies of this system which allowed interest rates to be reduced so low that a housing boom was inevitable. Each party failed to respond to the experts that had argued the housing bubble was unsustainable and there was likely to be a crash. It was the failure of this system that allowed banks to grow at a rapid rate utilising funds raised on the money markets rather than the more traditional route of saver deposits. It was the failure of this system that allowed banks to package new mortgage backed securities that were then traded, but so complicated; few people understood them or the associated risks. It was the failure of this system that permitted banks to create a culture driven by greed, short-term profits and rewarded with massive bonuses. It was this system, which was set up to control, regulate and manage the City and the economy that ultimately failed on all fronts. The architect of this tripartite arrangement was Gordon Brown and he is ultimately responsible, instead, each party points the finger at another in the triangle. Not one party has had the humility or honesty to admit any form of responsibility.
Yet Gordon Brown’s incompetence is every where, for example; In spite of experts advising him of the risks, it was Gordon Brown that raided private sector pension funds. Perhaps in the belief that private sector pensions were the preserve of the rich, rather than millions of ordinary hard-working people. In doing so, he has raised around £175bn in tax revenues. But, at what cost? Roughly two thirds of (private sector) final salary pension schemes have been closed to new members, large company pension schemes have ended up with massive deficits. Pension schemes have collapsed and, of course, those within the private sector that have not been protected by employers pumping more money in will receive much smaller pensions. Meanwhile, Gordon Brown has done nothing about the public sector final salary pension schemes, the majority of which are not funded through an annuity, but out of future tax revenues. The latest estimates put the public sector pension liabilities at a staggering £1,071bn, that is correct, BILLION. As a consequence on the government’s inaction, the ‘average’ pension enjoyed by someone in the public sector is nearly 15 times higher than that of the private sector. Another blinder from the iron chancellor that was supposed to be Gordon Brown.
Here are a few other things that Gordon Brown either presided over, or influenced as part of the government machine;
- Introduced more stealth taxes than any other chancellor in history, equivalent to an extra 10p in the Pound on the basic rate of tax (source: Grant Thornton).
- Solld the UK’s gold reserves at the bottom of the market ignoring expert advice not to.
- Introduced ‘green taxes’ in the full and certain knowledge that any revenues gained were not destined to be invested in green initiatives. Yet another successful stealth tax to add to the collection. If you are starting to feel a little duped, then read on, I haven’t finished with Mr Brown yet!
- Successfully achieved the goal of becoming prime minister without going through the inconvenience of being elected by the people. This in spite of the fact that New Labour gained their substantial commons majority with 57% of the voters supporting another party. So much for the benefits of our First Past The Post electoral system.
- Was party to the sell out of the UK’s sovereignty to an unaccountable foreign ‘parliament’, in spite of a manifesto promise to allow the public to decide through a referendum.
- Destroyed the union and in the process, ensured that his countrymen received more money per head than those in England and Wales.
- Missed virtually every financial growth target announced in each successive budget without so much as a murmur from the press.
- Successfully managed to dupe the press into believing that he was an iron chancellor driven by prudence, when in fact he was a spendthrift.
- As the architect and driver of the revised PFI initiative originally proposed by the conservatives, saddled the country with a bill of £170bn which must be paid by 2032. Without having to include the figure as part of the public sector balance sheet.
- Managed to keep the £780bn public pensions deficit off the books, even though this is equivalent to over £30,000 per household and must be paid out of future tax receipts. Estimates of this deficit have now been increased to over £1trillion.
- Managed, without any consideration of the irony, to lecture people on their level of borrowings, whilst building up nearly £500bn of debt on the governments own ‘credit card’. If other recent liabilities are taken into account, this figure would rise substantially over £1trillion.
- Introduced and supported a complicated tax credit programme that has managed to lose £2bn every year through fraud and errors.
- Left the taxpayer saddled with £1.7bn of Metronet’s debt having been the person that pushed through the Private Public Partnership initiative for the London Underground.
- Managed to convince the public that local authorities were responsible for the doubling of council tax. Meanwhile he was actually placing responsibility for all additional services firmly with the local councils.
- Managed a real blinder, by camouflaging the inflation rate by changing the measurement from RPI to CPI.
- Underwritten £17bn of debt for Network Rail, without having to include it on the public balance sheet.
- Survived the embarrassment of claiming in March 2006 that 31,000 government employees had been trimmed off the payroll, whilst the Office for National Statistics claimed one month later, that the headcount had actually increased by 62,000 a difference of 93,000!
- Managed to introduce such a complex set of rules and regulations, designed to extract maximum tax take that the annual Finance Act (summary of tax changes in the budget) has increased from 300 pages or so in the 1980’s to over 10,000.
- At a time when businesses are struggling and people are having to tighten their belts, presided over a government that boasts some 78 acres of empty space in office buildings and grace and favour homes.
- Managed to push another 3.5m people into the higher income tax bracket, using a favoured trick of ‘fiscal drag’, where the tax threshold is raised more slowly than earnings are rising, so that workers end up paying a higher proportion of their income in tax.
- Twice shifted the timing of the ‘economic cycle’ in order that the so called “golden rule” would not be missed, resulting in a brazen massaging of the figures.
- Ensured that there are now twice as many tax collectors as there are nurses, demonstrating firmly where the government’s priorities lie.
- Masterfully convinced people that they are “better off under Labour” even though each family now pays more than £5,000 in extra tax, compared to 1997.
Then let’s take a look at how he has ‘fixed’ things, telling us how at least he was “doing something” as opposed to the Conservatives, who are, according to the supreme leader Mr Brown, the “do nothing party“.
He invested £billions of our money into the Royal Bank of Scotland, who are now expected to report a loss of £28bn. What level of due diligence was exercised before our money was invested into a bank with such massive liabilities? Now, we have a similar story with HBOS, here, losses have been reported at £11bn, same thing, did the government complete any due diligence prior to investing our money? I am not so worried about Lloyds TSB, they must answer to their shareholders, government and Gordon Brown must answer to the taxpayers.
Yet still more £billions of OUR money has been invested into the banking system by Gordon Brown, with the specific aim of easing lending to consumers and business as well as freeing up inter-bank lending. But this has come to nothing. Not satisfied with spending this money, yet more £billions has been pledged or spent on a bank ‘insurance scheme’ and, as is the nature of insurance, we can never truly know the extent of that commitment, other than the fact that with Gordon Brown’s track record, we know it will exceed all expectations. Over £1trillion has been spent or committed, for nothing, we have not been able to see ANY tangible benefit, in terms of what Mr Brown TOLD us we could expect.
In other words, he told us that our money was going to be used to achieve a specific objective or goal and nothing has happened. This time however, Gordon Brown has outdone himself, because nowhere in history, has a single politician spent so much money for so little, or more accurately, no return. Yet he is still there, grinning like a Cheshire cat and snarling at anyone who would dare question his actions. Anyone with an ounce of commonsense, for example, would have known that a 2.5% reduction in VAT would have little or no effect, set against a backdrop of high street retailers discounting up to 50% off the ticket price. But this arrogant little man went ahead, and as a consequence, he has wasted another £12.5bn or our money.
In the last week, much has been said about the fact that many of our most senior bankers have no relevant, professional qualifications. But ask yourself this, what qualifications has Gordon Brown got, (or did he have) that would qualify him to determine our economic future? None, zilch. He would normally be considered to have been qualified by experience, but just look above and you will see what his ‘experience’ leads to. The appointment of an inexperienced politician to the position of Chancellor of what was the 5th largest economy in the world, is akin to asking an engineering apprentice to act as Finance Director of BP.
But we are in a democracy; surely we don’t have to put up with this?
How naive we are as a people, we have been told we are in a democracy and we believed them. What type of democracy allows the coronation of a new prime minister, without any reference to the electorate? What type of democracy allows a party that received just 43% of the vote to have such a massive parliamentary majority? What type of democracy provides the PM with so much power, that he can spend or commit £1trillion without even referring the matter to a commons vote? What type of democracy allows its prime minister to continue damaging the country, its economy and its prospects without any way for the people to put a stop to it? What type of democracy allows a government to renege on a manifesto promise, without any form of recourse from the electorate?
What type of democracy allows a government to force through intrusive and overbearing legislation designed to spy on its own citizens, monitor their travel arrangements, emails, telephone calls, vehicle movements, medical records and share that information with another 780 government and private agencies? What type of democracy allows its government to shatter long held rights to privacy and liberty virtually unchallenged, to the detriment of the people? What type of democracy provides its people with no opportunity to impeach its leader if that person is considered to be acting against the interests of the majority? IT IS NOT A DEMOCRACY, it is an authoritarian dictatorship that serves the government of the time and not the people. We all need to catch a wake up, our whole parliamentary system needs a radical overhaul and members of parliament need to be reminded that they are supposed to serve the people, not themselves. If ever there was a case for the people of this country to have the power to push an eject button, this is it.
We, the people of this country need a way of bringing down a government or removing any minister that fails to act in our best interests, lies, or bullshits, not at a time that suits them, but when it suits us. Better still, we need to be ruled by people like us, not the self-serving, inward looking, expense grabbing, ego driven, twats that are currently lording it over us all. This description is not, of course, limited to the Labour Party, there are many people within other parties that simply do not give a toss about the electorate, other than once every 5 years or so when they would rely on our votes.