wEDNESDAY, SEPTEMBER 3, 2008
Clarke Loses the Plot
As various commentators consider Labour's prospects, the term "Blairite"is being deployed to characterise the policies and personalities of some who question the party's current direction and urge Labour to face the future. Like "Thatcherite", the word is not used kindly. "Blairite" (even "über-Blairite") is a lazy and inaccurate shorthand. It is intended not to illuminate but to diminish, marginalise and insult. It was, for example, the stock phrase used by the Brown political briefing team to traduce David Miliband's Guardian article in early August.
Moreover, this misleading language damages the vital need for Labour to move on to new, post-Blair ground. Those journalists and politicians who use it are fighting the last political struggle, the War of the Tony Blair Succession, in a way that owes rather more to Just William and the Hubert Laneites than to the challenges of modern British politics.
In the newspapers this summer, I have read about "eye-wateringly 'Blairite' gospels"; about "Blairites" "thumbing their noses" at progressive politics; about "Blair privatisers" and how "Blairites" are the "business wing" who "play the markets against the 'progressive wing' of the party". Some argue David Cameron is now more progressive than new Labour and that Labour under Blair became a party of the centre-right.
This deceitful nonsense has to end. Everyone in Labour needs to stop obsessing about the past and to start obsessing about the future.
...
Similarly, there is no Blairite plot, despite rumours and persistent newspaper reports. There is, however, a deep and widely shared concern – which does not derive from ideology – that Labour is destined to disaster if we go on as we are, combined with a determination that we will not permit that to happen.
So why no plot? If you are "destined for disaster" with Gordon you really need to plot a new course. This is really not the time for losing the plot...
See also Clarke's September 2006 article on Brown: He Lacks Courage and Vision, He's Delusional and a Control Freak. That turned out to be completely on the money.CraNoCopying Failed Old Tory Ideas
Lamont told Sky News last night "Far be it from me to criticise myself, but I do not think that the Stamp duty holiday we introduced made any difference at all". Quite, why would anyone hurry to save 1% on Stamp Duty when they can wait and save even more.
The left-of-centre Chris Dillow has a surprisingly laissez faire conclusion - let prices fall. The market will find equilibrium.
The economic cycle is back, the benevolent economic circumstances not of his making have gone and we are, according to the OECD, the worst positioned Western industrialised nation to weather the tough times.Inflation is rising and unemployment is hitting Thatcherite levels, your economic plans have crashed, Gordon.
Wednesday, 3 September 2008
Property is down 10%, falling at 1% a month, it could easily be down another 10% next year - why catch a falling knife? The graph below (viaStumbling and Mumbling) shows the negligible effect of the Lamont Stamp Duty holiday.
"I will not allow house prices to get out of control and put at risk the sustainability of the recovery."
Gordon Brown, 1997 Budget Statement.
Unfortunately Gordon has to do something, he promised an end to the economic cycle, he promised endless growth, low unemployment, low inflation and a new Britain.
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