Friday, November 21, 2008
Jeff is always good value
When money is tight, people spend less. Are you listening, Mr Darling?
Jeff Randall argues that the root cause of this economic misery is debt, and no recovery will be lasting until the Government starts to redeem its IOUs.
Posted by holding out @ 10:18 AM (812 views)
4 thoughts on “Jeff is always good value”
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letthemfall says:
JR is often an entertaining read but he does tend to peddle right-wing dogma – it is the Telegraph. Note how he points out the waste of money in education and the NHS while urging more funds for the armed services. He is scornful about Yvette Cooper’s waffle, yet quotes more waffle from Burkard and Bosanquet in support of his arguments. As for the public sector being inefficient, the private sector isn’t looking too hot at present, especially finance.
need-a-crash says:
@1. As for the public sector being inefficient, the private sector isn’t looking too hot at present, especially finance.
Fair comment BUT if a private company wants to employ more people than it needs at least the tax payer isn’t paying for it! Right now private companies are shedding staff, while the public sector will never do this.
letthemfall says:
The tax payer is stumping up quite a lot for the actions of all the employees in the banks though. I’ve seen both private and public sectors at work and I think the idea of overemployment and inefficiency in the public sector is something of a myth. If you have any cause to spend some time in hospitals or schools, a favourite target for attacks on the public sector, you will find employees working like stink and never enough to go round. There are some badly run areas in both sectors.
drewster says:
I agree with letthemfall’s first comment. Jeff Randall’s point about excessive debt being the root cause is correct; but the rest of the article is just boiler-plate Torygraph spin.