Wednesday, 10 November 2010

Toxic Assets - Poisonous Politics

I've been thinking about the multi-billion pound bank bailout - which is the real root of the current debt 'crisis' - I wonder what the current value of those government owned stocks is? In my opinion, the Coalition Lovers have manufactured a discourse that says that we can't afford our public services and welfare state due to New Labour recklessness. However, no-one in the media seems to be asking if those hitherto 'toxic' assets are now marketable assets, and could be sold in order to contribute towards the repayment of the deficit. I wonder of the plan is to privatize the public realm, drive down unit labour costs, and then cash in these bank assets just before the next election and use them as a 'sweetener' to buy an illusion of economic recovery? 


Danny Alexander aka Beaker, Chief Secretary to the Treasury - and sociopathic bean counter

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