Tuesday, October 7, 2008

No confidence

While this combination of tsunamis, cyclones, hurricanes and other man made disasters hover over our financial markets it's easy to feel that tomorrow we'll be back to hunting and gathering to make a living.

At least, that's the view from here in the UK as our febrile government continue to cluelessly dick about while the country's economy goes into meltdown. There's a rotten core in the ruling party which leaks information like a dripping tap. Only the tap's now gushing forth half-baked plans and grand statements that offer no substance about how to solve this crisis.

The BBC's workaholic financial editor, Mr Robert Peston, is doing a great job of grabbing hold of the data and blogging to the world. It's like he has inserted an intravenous drip that's fed by the inner workings of this government. While his scoops are the result of hard work, one starts to wonder how much the public interest is served by what he tells us. We could do with a let up in the rate and morbidness of these publications; perhaps Mr Peston could wait for the Government to make a decision before he tells us what it's going to be? At least this way Gordon's boys might think a bit and decide they actually need to do something as opposed to the current sound bites of crap flowing Downing Street.

With the Brown government on the ropes in the opinion polls, the national debt approaching 60% of GDP and not offering any clear way out of this mess, perhaps Parliament will have the gumption to call for a confidence vote. There's a constitutional precedent for this, set in 1782 when the Brits took a beating at Yorktown in the first American war. The wording was that Parliament "can no longer repose confidence in the present ministers". Words that are still apt today.

We, the citizens of the United Kingdom, should not look to our Parliamentary leaders for a solution to this crisis. The solutions will come from others. From the opposition political parties, from the leaders of the business communities, including our financial institutions, and from ordinary people who need a change from the leaden footed fools in charge.

There can no longer be confidence in the ability of the Prime Minister of the United Kingdom and his Chancellor to solve the economic nightmares we are living. After all, serious times demand serious people to make serious decisions.

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