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Guest BoomBoomCrash

It's Offical, Vince Cable Is A Cretin

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His various buts of analysis always seemed a bit simplistic to me, but then maybe thats the nature of soundbite politics... calling the end now is dangerous... it may be the end FOR now, but if there is a lull the numbers insist the problems may return or slugishness abound.

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Guest UK Debt Slave
What an idiot.

He's a socialist.

Say no more.

He lives in the land of fairy tales like the rest of them

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I dunno, if you read it carefully its actually quite balanced and although he indicates he things an 'armagedon crash' has been averted things are still going to be pretty tough.

Some of the statements he makes at the start are more of the 'third person' quote or obeservation on what he sees being said, not a statement of his own. E.g.

In parts of Britain, notably the South, house prices no longer seem to be on the decline (nice for owners in negative equity; not so nice for first-time buyers).

The bankers certainly think the worst is over and a lot of champagne and caviar was downed last week in the City of London after bonuses of £4billion were revealed.

I am often asked to play the part of Nostradamus. Since I had been a reasonably successful prophet of doom, I am now assumed to know when the economy will turn round. I don’t. No one knows.

A little bit on the fence, but certainly not a ramping column... I personally found the tone still more negative than positive.

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Guest KingCharles1st

I was never comfortable with Vince. But then I am no longer comfortable with any of them.

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I dunno, if you read it carefully its actually quite balanced and although he indicates he things an 'armagedon crash' has been averted things are still going to be pretty tough.

Some of the statements he makes at the start are more of the 'third person' quote or obeservation on what he sees being said, not a statement of his own. E.g.

In parts of Britain, notably the South, house prices no longer seem to be on the decline (nice for owners in negative equity; not so nice for first-time buyers).

The bankers certainly think the worst is over and a lot of champagne and caviar was downed last week in the City of London after bonuses of £4billion were revealed.

I am often asked to play the part of Nostradamus. Since I had been a reasonably successful prophet of doom, I am now assumed to know when the economy will turn round. I don’t. No one knows.

A little bit on the fence, but certainly not a ramping column... I personally found the tone still more negative than positive.

Indeed the headline is extremely positive compared to the overall tone of the column, I wonder if he chose it...

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He's a socialist.

Say no more.

He lives in the land of fairy tales like the rest of them

yep

but I still have more respect for him than any of the othe lefty lot.

I WOULD NEVER VOTE lib dem by the way

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Something fishy about this. It's now on labourlist...

http://www.labourlist.org/vince_cable_a_ma...rted_alex_smith

...as evidence of Brown's economic competence. These could be the seeds of coalition.

Yup jobs are being handed out. Cable has been given his "lines."

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Something fishy about this. It's now on labourlist...

http://www.labourlist.org/vince_cable_a_ma...rted_alex_smith

...as evidence of Brown's economic competence. These could be the seeds of coalition.

....Or evidence of the fact that Gordon and Ali are metaphorically mired in the turds of their own recession in the public perception, and they need to bask in the glow of Vinces angelic aura too try to regain any shred of credibility. It is sad when the Government shouts about the nice things that the opposition are saying about the economy. To me this just shows how discredited Labour are, even in their own minds.

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Two things that spring to mind, when he did a tv interview the other week i realised how much nonsense rhetoric he uses.

This rhetoric seems to disguise that he doesn't actually understand much of anything about how the modern monetary system works. Not unlike most politicians infact. But even less surprising seeing as he would have received a classical teaching/training in his previous career as an economist.

He was actually wrong to call for further [or even any] banks nationalisations. Seems to also fail to comprehend the reaction of lenders and borrowers following the blowning a massive credit bubble to bursting point, with his simplistic gumph about the banks not getting credit flowing. Does he think all the banks want to go through the disaster of nationalisation and part-nationalisation?

Plus, he's used the term 'structural deficit' and infers a problem of such 'structural deficits' which to me sounds like utter baloney. He's never explained in any of his interviews what that actually means and why it's a problem....not that i've heard anyway. Probably because it's bullshite.

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....Or evidence of the fact that Gordon and Ali are metaphorically mired in the turds of their own recession in the public perception, and they need to bask in the glow of Vinces angelic aura too try to regain any shred of credibility. It is sad when the Government shouts about the nice things that the opposition are saying about the economy. To me this just shows how discredited Labour are, even in their own minds.

#

I might be the only peron that understands the sentiment. Ive drunk enough

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An excellent summary of where we're at.

Perhaps if the OP, 'BBC' stuck to what Cable actually said rather than characterising the article with the title "Vince Cable Is A Cretin", he might do better.

It's not Cable who is the 'stooge' here it's those a little closer to home. ;)

So the goldbugs didn't get their moon shot just yet. They'll live.

The banks were saved, armageddon was avoided, the govt. finances are in worse shape and taxpayers will pay for it.

Cable is spot on.

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I went to him lecture at the Royal Geographical Society earlier in the summer. He was totally cretinous - arguing that the way back was higher house prices and banks need to lend.

Irrelevant no doubt hat the audience were academic wannabees and retired academics - who only know final salary and houses. :(

The MC, by the way, was another huge cretin, the odious Evan Davis - who also knew the score but did nothing about it - instead greasing his palms at auntie.

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