Labour, The Ugly Duckling

The Victoria Derbyshire show (45 mins) finally admitted that there maybe some suggestion that both the Bank of England and the Labour Party may have had some involvement in fixing the Libor.

Well no I tell a lie…they raised the matter only to conclude as soon as they could that Labour were in no way involved…Jonty Bloom came on to dismiss all allegations and assure us that Diamond was merely trying to deflect criticism and blame.

No mention at all of Labour’s Shriti (I don’t remember anything)Vadera and her possible involvement which had the potential to be the smoking gun in all this affair.

Then onto PMQs ( a continuation of the VD show 1 hr 59 mins)…and the Labour Luvvie Richard Bacon….who sounded as if he was going to burst into tears at any moment, the bottom lip quivering and the sound of bitterness in his voice as he contemplated Labour being finally brought to book.

He opened the show with a downplaying of Labour involvement…they ‘clearly made some mistakes’, but carried on with an assertion that …well Labour’s not to blame because if the Tories had been in power they would have done the same…they wanted ‘light touch regulation’…’entirely consistent with Conservative ideology’…sooo disengenuous!….so there! Boo Hoo!

We probably all know the famous Brown speech in 2007 when he told us we were in a golden age and that he wanted even more of a light touch regulatory regime and a financial industry based on risk.

The BBC have steadfastly refused to quote Brown on that throughout this saga…but look…what did the sulky Bacon come up with? A quote from Cameron: ‘The lessons from the City are clear. Low tax. Low regulation. Meritocracy. Openness. Innovation. These are the keys to success.’  

Funny that…13 years of Labour and all we get from the BBC/Labour Tag team is Thatcher and now Cameron quotes.

The lesson we can take from all this is that it doesn’t matter what Labour actually did because if the Tories had been in power they might possibly have done the same…definitely maybe they would.

Labour could ship out all the immigrants it allowed in and ‘send them back home’ because if the BNP were in power they would have done the same?

For 13 years we had an ‘Ugly Duckling’ Labour government…but under the BBC’s careful care and nurture it has grown and flourished into a shining example of compassionate and thoughtful government, making mistakes but always with the best of intentions.

You can trust Labour is the message….give them another chance.

I am almost certain we had a Labour government for 13 long years…but the memory is fading…I’m sure they would have been great.

To be fair Martha Kearney interviewed Shriti Vadera (10 mins)where we of course heard that Vadera knew nothing and did nothing….but….yes she had expressed some concern about the Libor…but…it was Labour’s job to do so.

The question that immediately springs to mind is that…yes it’s the government’s job to be ‘concerned’ but then to do something about those concerns…the question is what did Labour and Vadera do?

But Kearney let that rather important question go.