Thursday, 20 November 2014

IF austerity = growth AND recession = austerity working, then X = ?

Cameron and Osborne say that the UK economy's growth is proof their austerity measures are working. Nothing to do with sky-high property prices and overseas investors raking in millions from the costs of living and working in London and the tax breaks afforded to investors in the capital, or the pound's strength against weaker economies.

Cameron now says that there's a new recession looming and that this is proof that they need to continue with their austerity measures. Nothing to do with falling tax revenues. Nothing to do with the fact that, despite the supposed low rate of inflation and "record-high employment", disposable income, which usually keeps our economy going, is lower than pre-recession and apparently falling.

The last recession was Labour's fault of course: nothing to do with Thatcher-era financial deregulation allowing the greedy and reckless to gamble and lose; nothing to do with taxpayers bailing them out to the tune of around £1tn; nothing to do with falling tax revenues leaving the treasury coffers too short to pay for everything the country needs.

But none of the facts matter, when you have the majority of the press and broadcast media on your side, pushing the lies and spinning the inconvenient truths into insignificant left-wing clap-trap.

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