Wednesday, 5 June 2013

Osborne a Moron - official

Whilst I'm waiting for the boy's latest genius wheeze to add a further 20% to the value of my home here in London, there's equal satisfaction to be had from the comments of Soc Gen's Albert Edwards;
"I don’t think Andrew Bridgen at Fathom Consulting was strong enough when he described George Osborne’s scheme as “reckless”. I believe it truly is a moronic policy that stands head and shoulders above most of the stupid economic policies I have seen implemented during my 30 years in this business. It ranks above some of Alan Greenspan’s very worst blunders. And when so many highly regarded commentators speak out against it, only to be totally ignored by George ‘I know better’ Osborne, he may really deserve to be called a moron."

10 comments:

Anonymous said...

Vested interest GEORGE - lobbying for the housing market, mortgage industry and house building businesses and then pumping in taxpayers money - brilliant!

TAKE THE WHIP AWAY.

Weekend Yachtsman said...
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Weekend Yachtsman said...

Indeed.

You would think that with the example of Fannie and Freddie so recent, he would think a bit more carefully.

But perhaps our objectives (sound money, a real economy built on savings and capital formation, etc etc) are not his?

G. Tingey said...

NOT JUST little Osborne (pun!) ...
from another blog, slightly redacted for confidentiality ...
Nonetheless, l was told by somebody 2 years ago who has a very close relative in the famous “Bullingdon Club” group photograph, that “Cameron is too stupid to be PM, but is easily manipulated by those who are too clever to ever want to be PM”. I have never forgotten that comment, and what has happened in recent times to some of our press glitterati (i.e., getting found out), speaks volumes. Couple that with yesterday’s disclosures about lobbying…………

It is also worth following the careers of a couple of those in that Bullingdon photo who found it more profitable not to enter politics.
“Follow the money”


Anonymous said...

The best of these comments is the second one, "Comment deleted".
My comment is similar but worse.

Budgie said...

Raedwald, you are right, but not just Osborne. Whichever way you turn and whatever government spokes"person" is prattling, there is one daft policy announcement after another. This government is dying, and I am just waiting for it to fade into rancid oblivion.

Blue Eyes said...

I think it's a confidence trick. I doubt he ever actually intends to stand the taxpayer behind mortgages, but a short-term boost in the expectation of doing so might, just might, start a recovery in investment. Or something.

right_writes said...
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right_writes said...
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right_writes said...

Good one Tingey...

Wasn't Cameron the bloke that said, he "wanted to be prime minister, because he thought he would be rather good at it"...?

Sort of adds to fuel your friend's fire...:)

(Third time lucky, my typing skills seem to have )