Saturday, 29 January 2011

Duty of care?

The government have decided that to follow their policy is somehow good sense, even when the exiting head of the CBI points out that it is doomed to failure. To feign suprise about the economy when following an economic policy that puts potential consumers out of work while raising prices, petrol is now at a record high, and then talk about long term growth. How is this policy going to help the country recover from what is an international debacle concerning the banking system.
Where are the reforms that have been promised? The idea that banks can be self governing is wrong, in fact the the best way to get over the financial crises is by putting a levy of 1p in the £1 on the banks profits. Now to whom do we owe this money tht helped save the bank, why other banks of course. The sense of irony is so tragic that we shoud be laughing not crying. Strangely I agree that the banks should be getting their bonuses if it does attrct the best people, but then surely we want to attract the best in every profession, nursing, teaching, transport, and the police. Yet when they put in for a pay rise the answer always to seem be a problem about funds. Actually on a serious note if I was a shareholder in a bank and the bonuses were really high while the interest rates were low I would start making the executives feel very uncomfortable.
They could say that the bank rate is low but actually they still charge a high rate to borrowers according to their status so why the pitifully low rate for investors. Just look at the rates of the credit card companies, the highest they have been for a very long time. Making it harder for people to pay back and so delaying the mythical recovery of the economy.
We have a government that is so out of touch and the worst of it they as a class always have been. It is the 21st century which means that all information is now accessible, and yet they remain out of touch. People are taking to the streets in protest yet nothing has even been discussed. I would have more respect for them if they actually admit that they were wrong. They just don't care. They may to prfess that they are doing the best for everybody but its not true. They just don't care and the trouble is I don't think they ever will.
As a postscript it took a long time for me to vote for the LibDems. I never will again as they have betrayed me and my optimism for a pocket full of magic beans called vanity. I really don't know who to vote for and until I see some form of duty of care for the men and women of this country then I am adrift in a sea of despair.

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