Wednesday, Apr 21, 2010
I think we will anyway
Yahoo: Hung Parliament risks re-run of IMF rescue for Britain, warn Tories
A hung Parliament would rock Britains economy so severely that the International Monetary Fund (IMF) would have to tackle our problems for us, the Conservatives have warned.
In their strongest comments yet on the dangers of election limbo, the Tories called for the public to start focusing on the economic consequences of a hung Parliament.
Kenneth Clarke, the shadow Business Secretary, spoke of the fiasco of working in the last hung Parliament in 1974. He warned at a press conference this morning that another would be even more dangerous in the current environment.
Posted by mark @ 01:30 PM (1724 views) Add Comment
22 Comments
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1. Simon said...
Mandelson has already paved the way towards an IMF bailout by saying something to the effect that "there is no disgrace in going to the international community for help with a problem which has an international origin" .
The IMF is not a white knight , more like a door step lender trying to extract payment in kind from your wife .
Tantamount to taking the Kings Shilling , he owns your butt after that .
This is obviously what Mandelson and his new world order chronies are planning as a way of removing the last remnants of Great Britains nation state status .
2. sneaker said...
Trying to scare us, eh?
"Let us be nasty to you, or someone else will be nasty to you."
Who the hell are the IMF anyway? Where does their power come from? Who elected them? Where does their money come from?
3. icarus said...
Sounds like "If it hadn't been for Darling we wouldn't have been able to get cash out of ATMs after Lehman collapsed, so vote Labour".
4. alan said...
Fear and greed are the two biggest motivators at election time.
Lets go for the hung parliament - much better than another dose of Brown.
I'm waiting for the line "Vote for us or your house price will go down".
5. icarus said...
Just another twist on the "Lib Dem vote is a wasted vote" theme.
6. mark wadsworth said...
Honestly, really, is this all they can come up with? Vote for us or the bogeyman will get you? They've had years to work out some sort of coherent plan and the best they can come up with is freeze council tax, give non-working spouses £150, partially reverse National Insurance increases and waffle on about "Big Society"?
They really deserve to lose.
7. paul said...
Dear Mr Cameron of Cameron Towers,
* that's exactly what everyone wants *
You see over the years the conservatives and labour have done such a great job of managing our economy into its current position of towering strength that we thought it might be time for someone else to give it a spin and let you both have a rest.
Yours Sincerely
The 97% of us unconventional types who 'went to day schools'
8. mrflibble said...
And the two main parties wonder why it only took one TV debate to send their support down the Swanee. If they spent less time trying to put each other down and scare the hell out of the Sheeple then Nick Clegg would not have been able to waltz in and steal the Silver. He would have stole the Gold but El Gordon exchanged it for a bag of peanuts.
9. uncle tom said...
While the Tory campaign has been painfully lame, this is factually correct.
(unlike Brown's 100 coaches in Madrid yesterday..)
10. Colloboss said...
A hung parliament is exactly what they want, imagine the scenario that Brown and Cameron deliberately acted like this to invoke the headless chicken outcome, then they can all say, 'It's not our fault it's your own for not being decisive' They are already trying to set the wheels in motion by 'pretending' to be 'concerned' about the 'economic disaster', I wouldn't be surprised if the two main parties, who have been owned by big corporations and banks for so long have decided the easiest way out is to put the blame on us for not voting for them.
11. luckyjim said...
mw@5
They will also be doing away with some expensive office chairs and one Lexus police car.
Bumface Cameron believed the myth that Barrack Obama swept to power on a vague message of 'hope' and 'change' with no substance. He thought he could do the same. Wrong !
Next time Nick Clegg makes an appearance he should walk on to the 'Rage Against The Machine' song that stole the Christmas number one spot from Simon Cowell. I sense a similar mood.
12. greenmind said...
How about we knock democracy on the head altogether and just ask the bankers to decide what to do.
13. letthemfall said...
UT:"While the Tory campaign has been painfully lame, this is factually correct."
No opinion, especially a party-political opinion, is a fact.
14. alan_540 said...
@10 greenmind ... The bankers call the shots whoever wins this election.
15. layers said...
As much as I believe that even IF, and it's a big, big if, Clegg were to win the race to the poison challice, then the full machinery of the civil service will prevent much change anyway - think 'Yes Priminister'. However, I really do hope the Dems win as it would show that voting actually works and the people have had enough of the BS that these feckers spout whilst keeping a straight face. And maybe they are scared, thus wheeling out the IMF 'bogeyman'.
@1 - Exactly what I've always wondered, who the blo*dy hell is the IMF?! So from their website, UK joined in 1945 and gives (I think) £10bn each year:
United Kingdom: Financial Position in the Fund
as of March 31, 2010
Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund. (http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberkey1=1010&date1Key=2010-03-31)
I. Membership Status: Joined: December 27, 1945; Article VIII
II. General Resources Account: SDR Million %Quota
Quota 10,738.50 100.00
Fund holdings of currency 8,683.24 80.86
Reserve Tranche Position 2,055.42 19.14
Lending to the Fund 260.00
Notes Issuance
Holdings Exchange Rate
III. SDR Department: SDR Million %Allocation
Net cumulative allocation 10,134.20 100.00
Holdings 9,149.70 90.29
IV. Outstanding Purchases and Loans: None
V. Latest Financial Arrangements: None
VI. Projected Payments to Fund 1/
(SDR Million; based on existing use of resources and present holdings of SDRs):
Forthcoming
2010 2011 2012 2013 2014
Principal
Charges/Interest
2.53 3.12 3.12 3.12 3.12
Total
2.53 3.12 3.12 3.12 3.12
1/ When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
*** Don't understand this last bit - looks like the UK also pays billions in interest payments too?? ***
VII. Implementation of HIPC Initiative: Not Applicable
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Prepared by Finance Department
*** Also: The Fund’s (IMF) gold holdings amount to about 96.6 million troy ounces (3,005.3 metric tons) which is about £120bn - WTF??! ***
16. monty032 said...
It's why I'll be voting UKIP. A gilts strike, the IMF and 10% interest rates are my best hope of being able to afford a house.
17. greenshootsandleaves said...
You don't think they've been studying the opinion polls, do you? You know, those things politicians always claim not to be interested in.
I've thought of another Conservative slogan "If you vote Lib Dem there's a risk La Krusty won't make it to the House of Lords".
PS Believe it or not, but the Daily Moan appears to have run out of unflattering photographs of Gordon Brown and is frantically recycling (the one which shows GB smiling usually means that the accompanying article contains bad news of some sort)! Switching to Nick Clegg as the target will ease the situation a little but I'm not sure they have enough of him either.
18. mander said...
In multi-party politics people tend to vote against rather than for a party. People are confused because after all what happened with the banks and property bubble Labour and Conservatives do not even want to mention what went wrong and both wait for the Americans to show them te way in taking action if any at all. And young people who have not been born in a rich family only hope is to vote for Lib Dems, the only party who had the courage to talk about it. Even owners of one home only would believe in Leb Dems policies because their children will have to pay for this bubble too.
19. Tachyonguru said...
>Next time Nick Clegg makes an appearance he should walk on to the 'Rage Against The Machine' song that stole the Christmas number > one spot from Simon Cowell. I sense a similar mood.
20. greenmind said...
What do you mean "in multi-party politics"? Isnt it the only kind (baring China etc). There is no tactical voting under PR. People vote for who they want to get the most seats. Simples.
21. mander said...
greenmind,
US has two-party politics: Republicans or Democrats but other countries have more than two parties and this is when people can vote against the two main parties if they have been let down.
22. Charlie Brooker said...
I'm currently in Thailand where Representative Democracy has torn the country apart.
In the UK the People are better educated and more restrained but still the electoral system refuses to acknowledge their virtues beyond a choice of red or blue, and differences in abilities between those people. The result is the national tragedy we're seeing been played out now. I reject in completeness a system I know to be a wilfully futile charade.
I can now honestly say that I have lost every shred of faith that I ever held in our systems. The system turned its back on me at the one and only time I ever asked for the help I was entitled to - police action against those who wronged me and my loved ones. I no longer believe that social justice will ever prevail. I have seen millions of people around the world advance themselves in a deeply morally dubious manner at the expense of the weak, through buying up properties and pricing the disadvantaged out of homeownership.
The only place you go when you go straight is straight to hell.
So be it, a life of crime it is.