Saturday, Nov 29, 2008
The art of speaking while saying nothing
BBC: Recession 'difficult to predict'
Lord Mandelson has conceded that it was difficult to tell whether the economy will grow by the rates forecast.
"No-one can foretell how short or long, how painful or painless, the recession is going to be," he told the Guardian newspaper.
Posted by gardeniadotnet @ 02:01 PM (497 views) Add Comment
5 Comments
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1. paul said...
All the more shame on the BBC's supine and fawning reporters for taking his comments seriously without question.
2. gardeniadotnet said...
Got to admire the guy's chutzpah:
He said that new Labour had been “approaching a political nervous breakdown” before his October appointment. He said: “In Gordon’s first year, he neither had a global financial crisis in which to display his skills, but neither did the Government seem to be creating a new agenda of boldness.” He added: “Without knowing quite how - I seem to have stabilised people.”
http://business.timesonline.co.uk/tol/business/economics/article5255444.ece
I will refrain from further comment on this, as I value my password.
3. planning4acrash said...
The People's Broadcasting Corporation of the Socialist Queendom of the Once Great Britain!
4. drewster said...
Mandelson's "no-one can foretell" is a significant improvement in honesty compared to Darling's "full recovery by next year".
However the real truth is that it's relatively easy to foretell: job losses will rise, tax will rise, the pound will fall further, and there's not a lot the government can do about it. Some kind of land value tax would still help though, as it would free up unusued offices, shops, factories, etc and put them in the hands of productive users.
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