December 2008

What a difference a few months make! In the summer Gordon
Brown was on the ropes. Over the past couple of months he has picked up a
thoroughly undeserved reputation as the ‘saviour of the world economy.’ Brown has embraced Keynesian policies wholeheartedly,
without explaining his U-turn. His solution to our economic ills is to hurl
money at them. ‘Never apologise, never explain’, seems to be his motto. So what
is making Brown look good? The Tories, that’s what.

As our editorial last month pointed out,
what killed the citizens of Pompeii was not the pyrotechnics of the explosion
of Mount Vesuvius, but the resulting ash that choked the people. It is
possible, though not inevitable, that we have seen the worst of the banking
collapse. But the results are destroying jobs all over Britain.

Buried on page 11 of the Guardian on 1st
November is an article, extremely enlightening in its simplicity, reporting the
‘news’ that during office Blair was only too happy to do Rupert Murdoch’s bidding.
According to Lance Price, former Downing Street
spin doctor, Murdoch was ‘one of the four most influential people in the
administration’. Never mind that he was totally unelected, not actually a part
of any ‘administration’, or that he is a US citizen whose company (News Corp.)
pays no net tax.