Godwin's law and Tory economic policy.
One of the old rules of debate, long before the invention of Godwin's law, was that the first person to bring up the Nazis lost. Unless you want to look like Rick in the Young Ones, even in these times when calling Labour ZaNuLiarBore or similar is considered the height of wit and sophistication, or calling Gordon Brown a one-eyed communist passes for enlightened discourse, it's mostly still looked down upon.
Iain Dale, the nation's premier serious blogger is obviously beyond such subtleties. Opening his article on Comment is Free, he invokes everyone's favourite propaganda minister (no, not Alastair Campbell, or Andy Coulson):
Yeah, shame about him giving his children cyanide pills before he and his wife blew their own brains out, otherwise we could have asked him personally what he thought of Labour's media strategy. By the same token, Dale must surely be concerned about how the Conservatives have repeatedly suggested that the country is either "going bankrupt", "near bankruptcy" or "bankrupt", all of which have been the Tories' refrain for quite some time now, with even less basis in facts than the accusation that the Conservatives are a "do nothing" party. Dale lists some of the other policies proposed by his party, but few of them have been praised by those outside of it, and others such as the proposed tax break for employers have been derided. Few of them would provide anything resembling a stimulus, or one more likely to be spent than saved, which is what is needed, and while the jury is still out on the VAT cut, even fewer of their promises seem to actually add up.
The same can of course be said of the government's policies, which do indeed also deserve criticise, but today's new announcement by the Tories for tax cuts for savers are especially wide of the mark. Welcome as further incentives to save would be once we're out of a recession, it's the opposite of what's needed right now, as Tom Freeman points out. The Conservatives can though of course say whatever the hell they like when they're in opposition, as they're not suddenly going to become the party of government and have to introduce their announced plans immediately, and unsurprisingly the Tory press has lapped up Cameron's latest pronouncement, as they were meant to.
All the rhetoric however masks the fact that if the Conservatives had been in power rather than Labour, they would have in all likelihood have let the market rip even further. Yes, taxes might well have been lower, the public services might well have not had as much money pumped in, the deficit might not be quite so high, but we would almost certainly be in much the same hole. It has taken the recession for the Conservatives to rediscover the "morality" of saving rather than going into debt, and that's something that should always be remembered now that parties of all political shapes and colours decide that capitalism might well need taming after all.
Iain Dale, the nation's premier serious blogger is obviously beyond such subtleties. Opening his article on Comment is Free, he invokes everyone's favourite propaganda minister (no, not Alastair Campbell, or Andy Coulson):
Gordon Brown and his ministers seem to have adopted the Goebbels principle of propaganda, hoping that the more often they repeat an allegation, the more likely a gullible public is to believe it. Over the past month they have repeatedly accused the Conservatives and David Cameron of adopting a "do nothing" approach to the recession, in the hope that Cameron can be made out to be heartless and uncaring. James Purnell's interviews on the Today Programme and 5 Live this morning were classic examples of the genre. Goebbels would have nodded approvingly.
Yeah, shame about him giving his children cyanide pills before he and his wife blew their own brains out, otherwise we could have asked him personally what he thought of Labour's media strategy. By the same token, Dale must surely be concerned about how the Conservatives have repeatedly suggested that the country is either "going bankrupt", "near bankruptcy" or "bankrupt", all of which have been the Tories' refrain for quite some time now, with even less basis in facts than the accusation that the Conservatives are a "do nothing" party. Dale lists some of the other policies proposed by his party, but few of them have been praised by those outside of it, and others such as the proposed tax break for employers have been derided. Few of them would provide anything resembling a stimulus, or one more likely to be spent than saved, which is what is needed, and while the jury is still out on the VAT cut, even fewer of their promises seem to actually add up.
The same can of course be said of the government's policies, which do indeed also deserve criticise, but today's new announcement by the Tories for tax cuts for savers are especially wide of the mark. Welcome as further incentives to save would be once we're out of a recession, it's the opposite of what's needed right now, as Tom Freeman points out. The Conservatives can though of course say whatever the hell they like when they're in opposition, as they're not suddenly going to become the party of government and have to introduce their announced plans immediately, and unsurprisingly the Tory press has lapped up Cameron's latest pronouncement, as they were meant to.
All the rhetoric however masks the fact that if the Conservatives had been in power rather than Labour, they would have in all likelihood have let the market rip even further. Yes, taxes might well have been lower, the public services might well have not had as much money pumped in, the deficit might not be quite so high, but we would almost certainly be in much the same hole. It has taken the recession for the Conservatives to rediscover the "morality" of saving rather than going into debt, and that's something that should always be remembered now that parties of all political shapes and colours decide that capitalism might well need taming after all.
Labels: Conservatives, David Cameron, economic downturn, economics, Godwin's law, Iain Dale, recession
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