1900 GMT 2000 Hrs UK Time London Sunday 19 October 2008:
KHOODEELAAR! is advising Alistair Darling that he, Darling, is making a serious additional error by embarking on abusing the powers of office, to waste £Billions..... The mistake becomes unforgivable when it is examined against the malfunctioning, wasteful policies of the Govt of the past decade and more....When it is seen against the NHS.. Against decades of corruption being funded by the UK Govt.... Being brazen is not economic. Being irresponsible is not the same thing as being responsible.... [To be continued]
33rd year AADHIKAR
0225 GMT Thursday 06 June 2013
AADHIKAR Media Foundation Editor © Muhammad Haque
Founding News Editor
Shah M Azizul Haque
AADHIKAR Media Foundation established with the publication of AADHIKAR the weekly on Monday 19 December 1980 from London E1 UK.
Sunday, October 19, 2008
Alistair Darling will find that he has made a bigger mistake by declaring to fund Big Business than he realises [202]
This page was last edited at 1840 GMT London Sunday 19 October 2008:
KHOODEELAAR! ! TOLD YOU SO
Alistair Darling will find that he has made a bigger mistake by declaring to fund Big Business than he realises [202]
Alistair Darling has been featuring, over the past six weeks, in the dishonestly-’edited’ and opportunistically published and ‘one-time’ ‘satirical magazine’ ‘Private Eye’ as having been so left wing [This is NOT true, see more below] [as the DAILY MAIL group now states] as a local councillor in Scotland that even Neil Kinnock did not want to know him!This is a multiple lie.No-one who has been in Tony Blair’s cabinet could have EVER been a genuine believer in any of the even capitalists socialism! Let alone being a socialist in the universally defined and understood sense.No one who EVER was in any way a genuine socialist could have WANTED to remain part of the corrupt and the corrupting Blaired regime that has been in place since May 1997.KHOODEELAAR! analyses of the financial errors of Alistair Darling have been being published for YEARS. Years before anyone, including Darling, had said a single sentence about them. Let alone the ‘mainstream ‘experts’ and ‘opposition spokespeople’ in the UK formal parliament.So it is important to point out the fact that the trend has continued today.Even the Conservative party backing Telegraph ‘interview’ was not followed by George Osborne for hours . Hours AFTER KHOODEELAAR! analysis of the Darling desperation...! And now , even Alex Salmond, of the SNP, has used the very phrase that KHOODEELAAR used for days to describe Gordon Brown’s economic acts of IRRESPONSIBILITY !!! [To be continued]
KHOODEELAAR! ! TOLD YOU SO
Alistair Darling will find that he has made a bigger mistake by declaring to fund Big Business than he realises [202]
Alistair Darling has been featuring, over the past six weeks, in the dishonestly-’edited’ and opportunistically published and ‘one-time’ ‘satirical magazine’ ‘Private Eye’ as having been so left wing [This is NOT true, see more below] [as the DAILY MAIL group now states] as a local councillor in Scotland that even Neil Kinnock did not want to know him!This is a multiple lie.No-one who has been in Tony Blair’s cabinet could have EVER been a genuine believer in any of the even capitalists socialism! Let alone being a socialist in the universally defined and understood sense.No one who EVER was in any way a genuine socialist could have WANTED to remain part of the corrupt and the corrupting Blaired regime that has been in place since May 1997.KHOODEELAAR! analyses of the financial errors of Alistair Darling have been being published for YEARS. Years before anyone, including Darling, had said a single sentence about them. Let alone the ‘mainstream ‘experts’ and ‘opposition spokespeople’ in the UK formal parliament.So it is important to point out the fact that the trend has continued today.Even the Conservative party backing Telegraph ‘interview’ was not followed by George Osborne for hours . Hours AFTER KHOODEELAAR! analysis of the Darling desperation...! And now , even Alex Salmond, of the SNP, has used the very phrase that KHOODEELAAR used for days to describe Gordon Brown’s economic acts of IRRESPONSIBILITY !!! [To be continued]
KHOODEELAAR! recording the latest evidence of CROSSRAIL crassness as admitted by Crossrail Bill-fronter Darling himself [201]
This page was last edited at
1245 Hrs GMT 1345 Hrs UK Time London Sunday 19 October 2008:
KHOODEELAAR! TELLING Alistair DARLING, again: You are uttering irresponsibility, Alistair! You cannot be serious when you say that you came into politics because you somehow witnessed and knew the truth about the 1980s and 1990s joblessness.... When you took over from Harriet Harman as the Deprivation and Waste and Poverty-creation [DWP] fronter, you did not show any understanding of Joblessness in the UK on ‘your watch’. Then you were at the DAFT DfT, fronting for BiG Business CRASSrail. As we have been telling you since February 2005, you made an truthful statement to Parliament... You now say that you are going to increase personal debts and raise the public debt to many times the present levels. That is VERY IRRESPONSIBLE. Then you have said, "Crossrail will support the economy – people will be employed to build that railway over the next seven or eight years”. So Crossrail is about a fake employment .. Not about supporting transport! We shall come back to examine this more.
Alistair DARLING is also quoted by the Telegraph as saying:
“"It's a tragedy when anybody loses their job. One of the things that motivated me to become involved in politics was the high levels of unemployment we saw in the 80s and 90s. The government then did precious little to help an entire generation. There were generations of people who lost their jobs in the 80s and never went back to work again. I'm not going to let that happen again."
”
“Alistair Darling turns to Keynes as he looks to spend his way out of recession
On the wall of Alistair Darling's somewhat austere Treasury office is an unremarkable looking oil painting – a landscape by Douglas Grant, a Scottish-born painter and member of the Bloomsbury group who was, for a time, the lover of John Maynard Keynes, the economist.
By Patrick Hennessy, Political Editor
Last Updated: 8:19AM BST 19 Oct 2008
The Chancellor, it quickly emerges, is also a lover of John Maynard Keynes – but in a strictly economic and political context.
He describes the godfather of state intervention as "the greatest economist of the last century" and is quick to agree with those who claim Keynesian policies – such as the undertaking of grand government-spending projects in a bid to beat unemployment – have a particular relevance as Britain's economy hurtles towards full-blow recession.
Few, if any, Chancellors can have experienced such a turbulent few months as Mr Darling has. Widely excoriated (including, reportedly, by sources close to Gordon Brown) for claiming in August that the world economy faced its most serious crisis for 60 years, subsequent events have completely vindicated his prediction.
Mr Darling has spent the last month at the centre of the financial whirlwind that has destroyed institutions in Britain and around the world, and has been feted as the co-author of the "Brown-Darling" blueprint for bailing out banks, versions of which are being widely adopted by other countries.
During the summer Mr Darling had faced a vicious whispering campaign that he was not up to the job of Chancellor and should be replaced – either by David Miliband, the Foreign Secretary, or Ed Balls, the Schools Secretary who was for many years Mr Brown's chief economic adviser at the Treasury. Things look somewhat different now.
Mr Darling smiles wryly when this is put to him. "It really gives substance to the saying that a week is a long time in politics. Two months is even longer. In politics there are always ups and downs. I've never been shaken in my belief."
As if to emphasise the point that he gives it to you straight, the Chancellor makes no bones about the seriousness of the economic crisis gripping the country.
Key economic indicators to be published this week are expected both to show that Britain has entered a phase of what economists call "negative growth" (two successive quarters of which denote the official start of a recession) and to provide the first evidence of the huge increases in government borrowing necessary to help bail out the banks.
Mr Darling does not permit himself to use the term "recession" but does talk about negative growth hitting countries such as France, Germany and Italy. "It's a classic example of external shocks to the system hitting all countries. It will affect us. This is a time when you have to support the economy. Governments across the world will support their economies because that's how you support people and that's how you support businesses."
It is at this point that the spirit of Keynes, once again, is invoked. Mr Darling makes it clear that his forthcoming Pre Budget Report will outline a way ahead which will not feature cuts in public spending or tax increases.
On the contrary – public spending will be "reprioritised" towards helping popular, employment-creating sectors such as housing, energy and small businesses while big projects such as the 2012 London Olympics and the Crossrail train link in London will see taxpayers' billions helping shore up the jobs market at a time of rising unemployment.
"At a time like this," Mr Darling declares, "it would be wrong for every reason to start taking money out of the economy, in terms of cutting back on spending, in terms of tax. You do not do this when an economy is slowing down. Much of what Keynes wrote still makes a lot of sense. You will see us switching our spending priorities to areas that make a difference – housing and energy are classic cases where people are feeling squeezed at the moment. They do expect the government at a time like this to help them, we'll do that, and there'll be more examples of that.
"Crossrail will support the economy – people will be employed to build that railway over the next seven or eight years, the Olympics employ a large number of people and defence spending is also a big employer."
How will all these projects be paid for if taxes do not go up and there are no cuts in state spending totals? Inevitably, by borrowing more, the Chancellor confirms, justifying this by pointing to debt reductions in the 10 years from 1997, when Labour came to power. "We can allow borrowing to rise – it's been necessary to finance not just that expenditure but also in relation to the money I've announced to the banks."
Although Mr Brown and Mr Darling have won plaudits – not least internationally – for their bank rescue plan, the government's future prospects overall look far from rosy.
The turning point will come, according to many pundits, when the crisis in the financial sector starts to impact on the "real economy" – particularly in terms of joblessness and home repossessions. With this in mind, now that the taxpayer owns large chunks of major banks, surely it is right that lenders should do more to protect home owners?
Mr Darling agrees, citing an agreement under the Council of Mortgage Lenders that all banks have previously signed up to. "It says you must do everything you possibly can to avoid a repossession."
He says part-nationalised banks "will continue to be run on a commercial basis at arms' length from ministers" but warns them that the days of taking risks with loans are over.
"I will emphasise this – I do not want us to get back into a situation where people are given loans they can't afford or where the security on offer simply isn't enough. Banks need to learn – all of them, not just the ones we have shareholdings in – that taking excessive risks doesn't do the country any good."
Unemployment is forecast by some to hit two million by Christmas this year and three million a year later – totals not seen since the country took Margaret Thatcher's harsh economic medicine in the 1980s.
Mr Darling speaks passionately of the need not to turn the dole queue into a scrap-heap.
"It's a tragedy when anybody loses their job. One of the things that motivated me to become involved in politics was the high levels of unemployment we saw in the 80s and 90s. The government then did precious little to help an entire generation. There were generations of people who lost their jobs in the 80s and never went back to work again. I'm not going to let that happen again."
It is all too clear after speaking to Mr Darling, as if there were any doubt, that the road back to economic prosperity will be long and extremely hard. The Chancellor's determination is not in question. Having held a variety of cabinet posts and having been at the centre of an epic period of economic turbulence I am keen to know if he has any political ambitions left. He shrugs the question aside. "This is what I'm concentrating on," he says. "We've got a way to go yet, but I want to see this through."”
1245 Hrs GMT 1345 Hrs UK Time London Sunday 19 October 2008:
KHOODEELAAR! TELLING Alistair DARLING, again: You are uttering irresponsibility, Alistair! You cannot be serious when you say that you came into politics because you somehow witnessed and knew the truth about the 1980s and 1990s joblessness.... When you took over from Harriet Harman as the Deprivation and Waste and Poverty-creation [DWP] fronter, you did not show any understanding of Joblessness in the UK on ‘your watch’. Then you were at the DAFT DfT, fronting for BiG Business CRASSrail. As we have been telling you since February 2005, you made an truthful statement to Parliament... You now say that you are going to increase personal debts and raise the public debt to many times the present levels. That is VERY IRRESPONSIBLE. Then you have said, "Crossrail will support the economy – people will be employed to build that railway over the next seven or eight years”. So Crossrail is about a fake employment .. Not about supporting transport! We shall come back to examine this more.
Alistair DARLING is also quoted by the Telegraph as saying:
“"It's a tragedy when anybody loses their job. One of the things that motivated me to become involved in politics was the high levels of unemployment we saw in the 80s and 90s. The government then did precious little to help an entire generation. There were generations of people who lost their jobs in the 80s and never went back to work again. I'm not going to let that happen again."
”
“Alistair Darling turns to Keynes as he looks to spend his way out of recession
On the wall of Alistair Darling's somewhat austere Treasury office is an unremarkable looking oil painting – a landscape by Douglas Grant, a Scottish-born painter and member of the Bloomsbury group who was, for a time, the lover of John Maynard Keynes, the economist.
By Patrick Hennessy, Political Editor
Last Updated: 8:19AM BST 19 Oct 2008
The Chancellor, it quickly emerges, is also a lover of John Maynard Keynes – but in a strictly economic and political context.
He describes the godfather of state intervention as "the greatest economist of the last century" and is quick to agree with those who claim Keynesian policies – such as the undertaking of grand government-spending projects in a bid to beat unemployment – have a particular relevance as Britain's economy hurtles towards full-blow recession.
Few, if any, Chancellors can have experienced such a turbulent few months as Mr Darling has. Widely excoriated (including, reportedly, by sources close to Gordon Brown) for claiming in August that the world economy faced its most serious crisis for 60 years, subsequent events have completely vindicated his prediction.
Mr Darling has spent the last month at the centre of the financial whirlwind that has destroyed institutions in Britain and around the world, and has been feted as the co-author of the "Brown-Darling" blueprint for bailing out banks, versions of which are being widely adopted by other countries.
During the summer Mr Darling had faced a vicious whispering campaign that he was not up to the job of Chancellor and should be replaced – either by David Miliband, the Foreign Secretary, or Ed Balls, the Schools Secretary who was for many years Mr Brown's chief economic adviser at the Treasury. Things look somewhat different now.
Mr Darling smiles wryly when this is put to him. "It really gives substance to the saying that a week is a long time in politics. Two months is even longer. In politics there are always ups and downs. I've never been shaken in my belief."
As if to emphasise the point that he gives it to you straight, the Chancellor makes no bones about the seriousness of the economic crisis gripping the country.
Key economic indicators to be published this week are expected both to show that Britain has entered a phase of what economists call "negative growth" (two successive quarters of which denote the official start of a recession) and to provide the first evidence of the huge increases in government borrowing necessary to help bail out the banks.
Mr Darling does not permit himself to use the term "recession" but does talk about negative growth hitting countries such as France, Germany and Italy. "It's a classic example of external shocks to the system hitting all countries. It will affect us. This is a time when you have to support the economy. Governments across the world will support their economies because that's how you support people and that's how you support businesses."
It is at this point that the spirit of Keynes, once again, is invoked. Mr Darling makes it clear that his forthcoming Pre Budget Report will outline a way ahead which will not feature cuts in public spending or tax increases.
On the contrary – public spending will be "reprioritised" towards helping popular, employment-creating sectors such as housing, energy and small businesses while big projects such as the 2012 London Olympics and the Crossrail train link in London will see taxpayers' billions helping shore up the jobs market at a time of rising unemployment.
"At a time like this," Mr Darling declares, "it would be wrong for every reason to start taking money out of the economy, in terms of cutting back on spending, in terms of tax. You do not do this when an economy is slowing down. Much of what Keynes wrote still makes a lot of sense. You will see us switching our spending priorities to areas that make a difference – housing and energy are classic cases where people are feeling squeezed at the moment. They do expect the government at a time like this to help them, we'll do that, and there'll be more examples of that.
"Crossrail will support the economy – people will be employed to build that railway over the next seven or eight years, the Olympics employ a large number of people and defence spending is also a big employer."
How will all these projects be paid for if taxes do not go up and there are no cuts in state spending totals? Inevitably, by borrowing more, the Chancellor confirms, justifying this by pointing to debt reductions in the 10 years from 1997, when Labour came to power. "We can allow borrowing to rise – it's been necessary to finance not just that expenditure but also in relation to the money I've announced to the banks."
Although Mr Brown and Mr Darling have won plaudits – not least internationally – for their bank rescue plan, the government's future prospects overall look far from rosy.
The turning point will come, according to many pundits, when the crisis in the financial sector starts to impact on the "real economy" – particularly in terms of joblessness and home repossessions. With this in mind, now that the taxpayer owns large chunks of major banks, surely it is right that lenders should do more to protect home owners?
Mr Darling agrees, citing an agreement under the Council of Mortgage Lenders that all banks have previously signed up to. "It says you must do everything you possibly can to avoid a repossession."
He says part-nationalised banks "will continue to be run on a commercial basis at arms' length from ministers" but warns them that the days of taking risks with loans are over.
"I will emphasise this – I do not want us to get back into a situation where people are given loans they can't afford or where the security on offer simply isn't enough. Banks need to learn – all of them, not just the ones we have shareholdings in – that taking excessive risks doesn't do the country any good."
Unemployment is forecast by some to hit two million by Christmas this year and three million a year later – totals not seen since the country took Margaret Thatcher's harsh economic medicine in the 1980s.
Mr Darling speaks passionately of the need not to turn the dole queue into a scrap-heap.
"It's a tragedy when anybody loses their job. One of the things that motivated me to become involved in politics was the high levels of unemployment we saw in the 80s and 90s. The government then did precious little to help an entire generation. There were generations of people who lost their jobs in the 80s and never went back to work again. I'm not going to let that happen again."
It is all too clear after speaking to Mr Darling, as if there were any doubt, that the road back to economic prosperity will be long and extremely hard. The Chancellor's determination is not in question. Having held a variety of cabinet posts and having been at the centre of an epic period of economic turbulence I am keen to know if he has any political ambitions left. He shrugs the question aside. "This is what I'm concentrating on," he says. "We've got a way to go yet, but I want to see this through."”
Brown heading for a Crossrail new Debts Crash to make the Millennium Dome look like a picnic! [200]
This page aas last edited at 0825 GMT London Sunday 19 October 2008:
KHOODEELAAR! NO to crassly conceived, crassly peddled London Crossrail hole of new debts, higher tax bills for ordinary people, more £Billions for Big Business that got the country and the economy into the current mess in the first place....KHOODEELAAR! TOLD YOU SO! That London “Crossrail’ was NOT about addressing the transport needs of ordinary people ... but an excuse to give more public cash to Big Business.... Alistair Darling has been stung by new exposures on his own lack of prudence and originality.... So dire is the state of confusion and insecurity that Brown would do anything to stay afloat.... rather than do the right thing... The thing that they should be doing is to hold the EXISTING providers to account..... Bu they have not got the political courage to hold Big Business to account They have the cash from the public to capitulate to Big Business with... Which is what this Darling desperation is signalling and confirming....This is a fakery move It will not improve the economy... It will make things worse...[To be continued]
KHOODEELAAR! NO to crassly conceived, crassly peddled London Crossrail hole of new debts, higher tax bills for ordinary people, more £Billions for Big Business that got the country and the economy into the current mess in the first place....KHOODEELAAR! TOLD YOU SO! That London “Crossrail’ was NOT about addressing the transport needs of ordinary people ... but an excuse to give more public cash to Big Business.... Alistair Darling has been stung by new exposures on his own lack of prudence and originality.... So dire is the state of confusion and insecurity that Brown would do anything to stay afloat.... rather than do the right thing... The thing that they should be doing is to hold the EXISTING providers to account..... Bu they have not got the political courage to hold Big Business to account They have the cash from the public to capitulate to Big Business with... Which is what this Darling desperation is signalling and confirming....This is a fakery move It will not improve the economy... It will make things worse...[To be continued]