Words President-elect Barack Obama should listen to:
I fear there is one reason above all why Mr Brown continues to get away with it, and it brings us back to [Archbishop of Canterbury Rowan Williams]. It is because too many people are taken in by [Gordon Brown’s] son-of-the-manse act, and the "fact" that he has a "moral compass". Mr Brown is an exceptionally immoral prime minister, in fact. It is not moral to expropriate vast amounts of money from decent, hard-working people who probably don’t vote for you and instead give it to less deserving ones who probably do. It is not moral to inflict upon the economy the damage this inevitably causes – suppressing the creation of wealth by ensuring resources are wasted rather than properly invested.
It is also not moral, when your policies have caused (and will for some time continue to cause) exceptional hardship to businesses and individuals to shrug off all responsibility for the pain, and to ring-fence your own clientele to ensure that they, unlike the private sector, do not have to endure such unpleasantness. Above all – and this was directly the point the archbishop made – it is not moral to beggar generations of Britons to come in order to create the illusion that the Government is putting matters right now: for as one of Mr Brown’s predecessors, Lord Callaghan, once forcefully pointed out, you can’t spend your way out of recession.
Obama’s plans for a new New Deal will have exactly the effect Simon Heffer describes above. We have 80 years of empirical evidence that Keynesian economics don’t work, and yet governments try them again and again, to the detriment of their people.
It’s enough to make one seek out the nearest brick wall and introduce it to one’s head.
It’s also scary that I for once find myself agreeing with the Archbishop….
(via Real Clear World)