Wednesday, 12 October 2011

When 2+2=4

Today's unemployment figures are genuinely "horrific", we cannot be surprised, for the previous twelve months I have been writing quoting many people whom as said the Conservative liberal government Plan A wasn't working.

Unemployment is now at a 17 year high, with a million young people unemployed and unemployment increasing for the previous seven months.

The 178,000 slump in employment in the quarter to August is the biggest fall in more than two years and the largest-ever cut in the number of part-time workers, down by 175,000.

Around 150,000 people were made redundant in the latest three months, an increase of 6,000 over the previous quarter.

TUC general secretary Brendan Barber said: "These are terrible figures. The Government's austerity measures have turned unemployment into a full-blown crisis - with job losses not seen since the darkest days of the recession."

"This shouldn't really come as a surprise – the economy is growing at half the pace it needs to in order to keep unemployment stable. That isn't going to change any time soon – in fact it is probably going to get worse," said Alan Clarke, of Scotia Capital.

James Carrick, of Legal and General Investment Management, said the Treasury's cuts were responsible for pushing the economy to the brink of recession. "Despite announcing the harshest austerity plan since the second world war, the government has been predicting a steady economic expansion," he said. "This implied the biggest private sector boom ever." Instead, said Carrick, businesses were cutting back; recession was now a serious risk.

George Osborne and his team believed in expansionary fiscal contractions which meant that cuts in public spending allow the private sector to blossom. There was no believable empirical evidence to support such a contention and it hasn't worked, in the current economic environment it has no chance.

How social democrates can stay with the liberals in the lib Dems is beyond me, the economically right wing government is returning Britain to a time of a divided rather unpleasant country where people are more insecure, more frightened and people turn in on themselves.

All progressive people should stand together, to tackle the great evils of our society; Far too much low paid work and people on benefits, A health service being destroyed by the same financial interests that caused the financial crisis, the need to develop education, expand child services to promote social and emotional intelligence and garner the talents of people , the need for an expansion in affordable housing and to develop an Industrial policy to create real jobs.

This is a choice of the sort of country we want to live, and this is the choice of a deeply divided country with a huge gulf between the "haves" and the "have nots" this is explained with George Osbournes expansionary fiscal contraction; savage cuts in public expenditure, lots of private borrowing and then the reward of tax cuts from a smaller less effective state.

We must reject this shallow, narrow view. We need a country where the five giant evils are tackled.

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