Damn Germans!! You Just Can't Trust Them

Categories: politics, finance

Date: 10 December 2008 20:54:42

Gordian Braun has been criticised by the German Finance Minister, Peer Steinbruck, for his policy of keeping Britain from falling to deeply into recession. We all know that he's to late in this but he still believes that he is the new Messiah of the financial world. There is no fool like a old fool with delusions.

Peer believes that Braun is wrong in running up national debt and lowering VAT in order to stave off a recession that has already taken hold. Unfortunately our government are convinced that they are more knowledgeable than anyone else. I mean the Germans only have Europe's largest and most successful economy. What would they know about anything?

As Peer said: "are you really going to buy a DVD player because it now costs £39.10 instead of £39.90? All this will do is raise Britain's debt to a level that will take a whole genetration to work off."

That is what our government is doing - loading us with debt for the future, more than we've ever had before.  This could make the "austerity years" following the war look like a time of great wealth. We have a Labour government forcing us into the same financial straights as the 1970's.

For many they are happy to see this happen because they believe that the (in)prudent Chancellor is a safe pair of hands. Yesterday he said that the Conservatives are the only people in the world who disagree with his policies. Yet here are the Germans rocking his boat.

So if he's wrong what happens? Is it to late for us to do anything?

If he's wrong then the recession will get worse and last longer. It's not to late to change direction but I don't think that our government will admit they are wrong. They know that they are gambling with our future but are to scared to admit that 11 years of their financial mistakes have helped put us in this position.

For those who hate nightmares look away now.

What saved us in 1979/80 was a certain Mrs Thatcher. As much as you may hate her, without her this country would have been in a far worse mess. The Germans believe that we are heading for the same crash again but we have no real Handbag Whielder to save us this time.