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Labour Incompetence.

Capitalist | 23.04.2008 21:21

Some say this Economic collapse in UK started with Thatcher's Tax Cuts.

But if we go back to Labour in Power in the 1930s, we find the root of our disorders. They scrapped the perfectly good R100 airship designed by Barnes Wallace because the Committee designed crap airship R101 crashed. Labour Ministers had no judgement then. The need for Plane Stupid action about Runways now shows they still do not.

Worse came when they decided to save money by cutting pay. Naval Officers had their pay cut by 3.5%. Labour were Class War traitors even then. The pay cut they hit the Able Seamen with was 25%. Read all about it in Len Wincott's "Invergordon Mutineer" written in one of Stalin's Gulags sometime after 1946.

The stupid Labour fools in the Government today have seen the need for sound finance so did in the 10% tax band. Cutting spending power is a good way to stop the inflation that destroys the value of Money. But the Labour Traitors to socialism do not step up taxes on everyone. They tried to hit a narrow band of the poorer people, relatively lightly. If only they had undone the tax cuts Thatcher introduced they could have argued necessity and fair play and put the National finances on as good a footing as they were before Thatcher's squanders.

The crass stupidity of Brown and Darling means that although they eagerly follow Blair's sell out to Capitalism, they have economic policies that destroy the Lifeblood of Capitalism. They inflate the currency to keep the Stock Market rising. Rising to crazy levels that cannot be maintained - except through increasing inflation.

Brown prepares the ground to re-crate Hitlerism.

Capitalist

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