Paul Krugman, the Nobel Prize-winning economist, has written another told-you-so to the fans of austerity that backed Osborne's cuts in 2010.
Today's news is the latest in the long line of bleak economic indicators, punctured only by unusually rosy-looking jobs figures (if you ignore the huge number of part-time workers forced into such a position against their wishes).
For Osborne - and Britain - the end of this year could be a disaster: leaving us with spending cuts that have only led to more debt, with a neo-liberal government who would then turn to even deeper cuts. A vicious cycle the Greeks have found themselves in and something that some commentators - including Krugman - have warned about all along.
Tuesday, 21 August 2012
Thursday, 16 August 2012
How the Corby by-election could further weaken the PM
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This contest is interesting as, to date, the various by-elections since 2010 have all been in Labour-held seats. That the Tories may lose a seat in this manner will have two impacts.
Firstly, it will be another knock to Cameron - to add to the seemingly endlessly negative media narrative that surrounds him.
The second effect may be an interesting one, something that Mike Smithson over at Politicalbetting has recently discussed. A defeat for the Tories would mean that the electoral mathematics could allow a 'rainbow alliance' of the left and centre (including the Lib Dems) - but excluding the SDP - to have as many seats at the current coalition. This would strengthen the hand of the Lib Dems and further weaken the Prime Minister's bargaining position.
Posted by
EtonMess
at
14:01
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by-election,
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Monday, 13 August 2012
The real winner from the Olympics isn't Boris - it's the BBC

So, in 2011, Ed Miliband is talked of as a failure with no chance of victory by just about every major outlet. Then, all of a sudden, there is a change of heart that sweeps everyone along with it, and the next minute Cameron is facing endlessly negative coverage.
At the moment the herd mentality is that Boris Johnson, our refined and shy Tory Mayor, has benefited hugely from the games. Indeed, he may have had some benefit - although the evidence, such as the latest polling on the matter, doesn't necessarily bear this out.
In fact, the latest ICM polls on a Boris-led Tory Party indicate he'd barely shift their position in voting intention. Put simply, Miliband would still be on course to win in 2015, even with Johnson as Conservative Party leader.
The real winner is the BBC.
It has won record viewing figures, and the public's reaction to the coverage has been hugely warm. Perhaps the most impressive aspect of the response to the BBC's Olympian efforts has been mortal enemies of the beeb, such as the Daily Mail and Telegraph, have written about it in highly positive ways - almost unheard of. Some recent examples from right-of-centre papers include:
Hats off to the BBC for their Olympic coverage (Daily Mail)
Brilliant Beeb can use Olympics to create 'minor sports' legacy (Daily Mail)
London 2012 Olympics: united in BBC's isles of wonder (Telegraph)
Aunty Beeb does Olympics proud (The Scotsman)
Olympics that prove UK can still deliver (Daily Mail editorial)
The BBC’s Olympics coverage has been a triumph (Metro)
Red button Olympics: The event that got us all switching on in our millions (Standard)
That the Mail can, in its own leader column, describe the BBC's coverage as "brilliant and insightful" would have been almost unthinkable merely weeks before. The corporation has strengthened its reputation greatly through the Olympic Games and, for the time being at least, its enemies are in retreat.
Posted by
EtonMess
at
13:28
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Monday, 6 August 2012
Clegg's revenge on boundary changes will cost Cameron dear
The decision by Nick Clegg today - in response to David Cameron's failure to convince his backbenchers to support Lords Reform - to kill off the boundary changes that would have reduced the numbers of MPs in the Commons is a huge blow to the Tory Party.
Analysis indicated that reducing the number of MPs from 650 to 600 - as the boundary changes would have done - would have hit Labour and the Lib Dems harder than the Conservatives. In fact, the Tories would have been closer to a majority in 2010 (although notably would still have achieved to have gained one), had the election been fought over the proposed new boundaries.
The reason why this is so bad for the Conservative Party is because they will need every seat they can get. The failure of the reform will exacerbate the other four main reasons why the Conservative Party is unlikely to get a majority in 2015 - reasons the media frequently downplays or ignores:
Analysis indicated that reducing the number of MPs from 650 to 600 - as the boundary changes would have done - would have hit Labour and the Lib Dems harder than the Conservatives. In fact, the Tories would have been closer to a majority in 2010 (although notably would still have achieved to have gained one), had the election been fought over the proposed new boundaries.
The reason why this is so bad for the Conservative Party is because they will need every seat they can get. The failure of the reform will exacerbate the other four main reasons why the Conservative Party is unlikely to get a majority in 2015 - reasons the media frequently downplays or ignores:
- First, its worth reminding ourselves that David Cameron and the Tory Party failed to win an election in 2010 after 13 years consecutive year of an increasingly unpopular Labour Party in power - the latter led by a very unpopular leader in Gordon Brown.
- Second, Cameron's failure to win a majority in 2010 bodes even worse for 2015, considering no sitting Prime Minister has increased their share of the vote since Harold Wilson's re-election in 1974.
- Third, leadership ratings - an increasingly reliable pointer to election outcomes in modern politics - now show Ed Miliband and David Cameron neck-and-neck, after more than a year of Cameron being ahead on the measure.
- Fourth, the economy is in pretty dire state, especially considering the (now very optimistic-looking) forecasts the OBR were making in 2010 - with manufacturing survey after manufacturing survey after manufacturing survey also showing the 'rebalancing' of the economy is going nowhere. The Tories' original hopes that the history-defying attempts to create economic recovery through austerity and then bring in election-winning tax cuts just before the 2015 election are now a fading dream. It was a gamble, founded on ignorance of history, that has failed - as Nobel-prize winning US economist Paul Krugman never tires of pointing out.
Posted by
EtonMess
at
20:22
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Tuesday, 17 July 2012
Daily Mail and Telegraph: home of the best comment board-lurkers around
Internet comment boards are never the best place to hang around for sensible debate. More often than not, conversation descends into either a slagging-match or, equally often, an argument about who is most like Hitler.
However, for the crème de la crème of comment boards, you have to venture over to the stalwarts of mainstream political right, the Daily Mail and Telegraph. Here, you can see the loony right in their natural habitat, free to feed off each other's prejudices and to work themselves up into a frenzy.
There are four defining characteristics of regular posters on right-wing newspaper web sites, in particular the Daily Mail and Telegraph, and once recognised you could be forgiven for thinking it is the same handful of people posting under pseudonyms.
These character traits - of flaws, depending on your point of view - are as follows:
1) A sense of barely suppressed rage, often manifesting itself in the use of RANDOM CAPITALS.
2) A powerful sense that everything is going down the pan, driven mostly by 'political correctness' and a pinko/commie-run education system. More often than not, the poster will pine for an idealised schools system that never quite existed, but mashes together elements of the Victorian-era and the 1950s. Amusingly, as Exhibit A demonstrates below, criticism of how far standards have dropped often takes the form of badly-written rants, complete with ironic spelling mistakes.
3) Frequent use of painfully unfunny turns of phrase - that probably are rather witty to people that find Jim Davidson a cutting-edge comedian. Most frequent examples: NuLIEBore, EUSSR.
4) The most popular topic, of course, is immigration. It frequently rears its head in topics about the EU - and an EU referendum is a regular feature of the Mail/Torygraph Lurker Post - but what they really, really mean, is immigration.
The best kind of post on immigration from these types is the post made - without irony - about the 'scandal' of immigration to the UK by people who sign off 'Mike, Singapore', or 'George, Costa Del Sol', or 'Jeff, Australia (left England when the imigrints took over because of NULieBore)'. That kind of thing.
Or, as Exhibit B demonstrates, 'Long Beach California'. Or, in other words, someone who is themselves as immigrant
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Exhibit B: Post made, without irony, about immigration to the UK from ex-pats (or, in other words, immigrants) |
Posted by
EtonMess
at
22:43
Labels:
Daily Mail,
immigration,
internet,
newspapers,
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1 comments


Sunday, 17 June 2012
For the neo-cons, concern about 'liberty' extends only to the powerful
There is an interesting video of Michael Gove - the right-winger currently shaping the school curriculum around his own brand of patriotic, traditionalist, Eton-influenced conservatism - at the Leveson Inquiry.
In it, in his usual mix of self-satisfaction and condescension, Gove airily glosses over the staggering list of appalling behaviour that the inquiry has heard about - from the hacking of a murdered girl's phone, to the tapping of the phones of grieving relatives of the dead - in order to highlight his supposedly noble commitment to 'liberty' and therefore aversion to press regulation.
Apparently, for a man shaping the way in which British children will be educated for years to come, none of these events appears to warrant any major changes to the system of media regulation.
Now, for Gove, the Leveson Inquiry is awkward. He is a tireless defender of News Corporation and a former employee of one of Rupert Murdoch's flagship papers. The two also share the same neo-conservative world outlook.
But there is something deeper here, that connects Gove to the multitude of think tanks across the UK and in particular the US, that profess to love 'liberty' and 'freedom', from the Heritage Foundation to the Taxpayer's Alliance. This shared commitment is to defend the freedom of the richest corporations to act and operate as they see fit, regardless of the consequences for the public at large.
So, US right-wing campaign groups endlessly attempt to undermine any efforts to defend the world's natural environment from being blighted by corporate decisions based on short-term greed. At the same time, neo-conservatives have actively resisted attempts to bring legislate to protect people from injury or worse at work through corporate malpractice or negligence.
This concept of liberty is therefore a one way street. And so, for Michael Gove and his ideological bedfellows, 'freedom' in the context of the media is the right of rich and powerful men to use their organisations to ruin the lives of ordinary people, without sanction.
How very noble.
In it, in his usual mix of self-satisfaction and condescension, Gove airily glosses over the staggering list of appalling behaviour that the inquiry has heard about - from the hacking of a murdered girl's phone, to the tapping of the phones of grieving relatives of the dead - in order to highlight his supposedly noble commitment to 'liberty' and therefore aversion to press regulation.
Apparently, for a man shaping the way in which British children will be educated for years to come, none of these events appears to warrant any major changes to the system of media regulation.
![]() |
Gove at Leveson - click for video |
But there is something deeper here, that connects Gove to the multitude of think tanks across the UK and in particular the US, that profess to love 'liberty' and 'freedom', from the Heritage Foundation to the Taxpayer's Alliance. This shared commitment is to defend the freedom of the richest corporations to act and operate as they see fit, regardless of the consequences for the public at large.
So, US right-wing campaign groups endlessly attempt to undermine any efforts to defend the world's natural environment from being blighted by corporate decisions based on short-term greed. At the same time, neo-conservatives have actively resisted attempts to bring legislate to protect people from injury or worse at work through corporate malpractice or negligence.
This concept of liberty is therefore a one way street. And so, for Michael Gove and his ideological bedfellows, 'freedom' in the context of the media is the right of rich and powerful men to use their organisations to ruin the lives of ordinary people, without sanction.
How very noble.
Saturday, 5 May 2012
Ken's farewell speech
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