Monday, 12 April 2010

Reading the Labour Manifesto - Chapter 1

I decided to have a look at the Labour manifesto, to see if there was anything entertaining to see. Of course, looking at this election's would be pointless, so instead I thought I'd have a look what they said in 2005.

I've included a couple of pictures below I pulled from here:
As you can see, I didn't get very far into it before I started spotting some hilarious predictions.

Apparently, under Labour the country won't go "back to Boom and Bust". Where we were fourth in the world in terms of GDP, we've now slipped to 6th, behind both France and Germany (I could have sworn that we were "better placed" than them before this recession!).

It's now 2010 and Employment certainly isn't full, not even with Labour's "Economically Inactive" tricks.

Have a look at this next snippet:

Inflation at 2%? Over the past year it's varied from +5% to +1% and it's now back over +3%. That doesn't seem like something that Labour are doing so well on.

Even better is Labour promising to "Borrow only to invest" and keeping Net Debt at a stable and prudent level. Well, National Debt was £400Bn in 2005. It's now over £951Bn and rising by half a Billion pounds a day (Unfortunately I'm not joking, see my other posts for what else we could buy with this sort of money).

See here for a live tracker:

I'm only a few pages into their last manifesto and on these fairly basic promises Labour didn't just fail, they failed so catastrophically they've potentially ruined the countries finances for vast majority of the foreseeable future.

Would you really trust the man who set your house on fire to put the fire out?

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