Tuesday, April 19, 2011

Cameron does something I agree with shocker

Dave and I don't see eye to eye on a lot of things, I think he's doing a crap job of running the country, that he's an EUphile and that he can't be trusted to reduce the government size and spending. Plus he's just as authoritarian as the last lot to be in power. Still people were foolish enough to vote him marginally into power so we have to put up with his crap for the next few years until we get to choose again.
Today though he did something I agreed with and for pretty much the reasons I would do it too.

David Cameron blocks Gordon Brown as head of IMF
In a direct attack on the former Prime Minister, Mr Cameron said his predecessor was not the "most appropriate person" to lead the IMF because he would not admit the UK had a "debt problem".
Mr Brown is reportedly hoping to take on the £270,000-a-year role but he must first be nominated by the Government.
“If you have someone who didn’t think we had a debt problem (running the IMF) they may not be the best person to decide whether other countries have that problem," he said on BBC Radio 4's Today programme.
He added that the role needed to be filled by “someone who understands the dangers of excessive spending.”
Or to put it simply, you don't give a lunatic the keys to the asylum.

Brown's naivety and ignorance of economics stems from his socialist roots where the belief that you can spend other peoples money indefinitely seems to have deep roots. This coupled to a lax regulation of financial services lead to the banks loaning and taking up toxic debt from all over the world as they looked for high interest returns on investments without adequate checks to see if the loans could actually be paid back. Nor can quantitative easing (printing money) ever be a real solution to a debt crisis, look at Zimbabwe if you want a prime example of the end result of that type of solution.
So in this case yes Cameron has got it right, I'll allow him his day in the sunshine and probably return to normal service tomorrow.

6 annotations:

English Pensioner said...

So far so good. But according to Douglas Carswell's blog, "Jon Cunliffe, Gordon Brown’s chief EU deal-maker, is set to be appointed Britain’s next ambassador to the EU".
I think that this is far more dangerous than Gordon Brown being let loose at the IMF, where everybody would know he is a clown. Cunliffe, on the other hand is no fool and his possible appointment should be of great concern.

William said...

I disagree. Given Jonah's skill at buggering up just about everything he is involved with Cameron has missed a golden opportunity to smash the IMF and damage the people they represent.

Michael Fowke said...

Cameron is still a massive prat though. I hope you're not going to make a habit of this.

WitteringsfromWitney said...

"Or to put it simply, you don't give a lunatic the keys to the asylum."

Err QM, Isn't that what the British electorate did last May? :)

john miller said...

Brown is also the man who waved away due diligence and the Competition Commission when he wanted Lloyds to take over HBOS(cotland).

Rules? Tchah, laddie, not needed for a towering intellect like what he is...

Furor Teutonicus said...

XX Cameron does something I agree with shocker. XX

Damn! When I read that, I thought he had shot himself*, or resigned, or something.

*In the head as opposeed to his usual shooting himself in the foot routine.