Posted by: arkachips | March 25, 2009

despair, robbery, now a road to hell

EU President weighs in on the O-Brown stimulus idea –

Krugman, Stiglitz, Topolanek – tell us how you really feel.

With that comment about how it “will undermine the stability of the global financial market”, I’m feeling a tingling in the Force. What with China calling for a new global currency – which, I have to admit, sounds quite reasonable to me.

And the Bank of England isn’t too keen either –

“‘I’m sure the Government will want to be cautious in this respect,” Mr King said. “There is no doubt we are facing very large fiscal deficits over the next two to three years.

“Given how big those deficits are, I think it would be sensible to be cautious about going further in using discretionary measures to expand the size of those deficits.

“The level of the fiscal position in the UK is not one that would say: ‘Well, why don’t we just engage in another significant round of fiscal expansion?’ ”

The position being the largest deficit in the western world. Which is no mean feat.

And to round off the good news, surveillance of everyone everywhere on the cards. Like it wasn’t bad enough we are The CCTV country.


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