Comments on: Northern Rock - now the government’s problems will mutliply http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/ Conservative Party Member of Parliament for Wokingham Fri, 29 Aug 2008 10:22:47 +0000 http://wordpress.org/?v=2.6.1 By: Serf http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18723 Serf Tue, 01 Apr 2008 15:29:41 +0000 http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18723 If only the Prime Ditherer had sold it to Lloyds TSB immediately. Our Prime Minister is a fantastic example of the trusim that it is often better to make the wrong decision than to make no decision at all. If only the Prime Ditherer had sold it to Lloyds TSB immediately.

Our Prime Minister is a fantastic example of the trusim that it is often better to make the wrong decision than to make no decision at all.

]]> By: Elizabeth Elliot-Pyle http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18719 Elizabeth Elliot-Pyle Tue, 01 Apr 2008 14:08:21 +0000 http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18719 Frankly I dont know whether to laugh or cry with this inept government. Probably cry, as it is going to cost all of us so much money. Labour really do seem to live in some sort of parallel universe, where inflation is low, the economy strong and they have no concept of the difficulties of day to day life for the poor benighted taxpayers (So What? as Ed Balls says) In their 10 years in power they have reduced our nation to a laughing stock and ridden roughshod over so many traditions. We now no longer believe a word any of them say, there seems to be nothing we can do about broken promises, and we have to watch mutely as they gorge themselves at the taxpayer-funded trough. Talk about bringing politics into disrepute!!!! Frankly I dont know whether to laugh or cry with this inept government. Probably cry, as it is going to cost all of us so much money.
Labour really do seem to live in some sort of parallel universe, where inflation is low, the economy strong and they have no concept of the difficulties of day to day life for the poor benighted taxpayers (So What? as Ed Balls says)
In their 10 years in power they have reduced our nation to a laughing stock and ridden roughshod over so many traditions. We now no longer believe a word any of them say, there seems to be nothing we can do about broken promises, and we have to watch mutely as they gorge themselves at the taxpayer-funded trough.
Talk about bringing politics into disrepute!!!!

]]> By: Donitz http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18714 Donitz Tue, 01 Apr 2008 11:03:50 +0000 http://www.johnredwoodsdiary.com/2008/04/01/northern-rock-now-the-governments-problems-will-mutliply/#comment-18714 This could be a great wheeze by Brown to make the taxpayer feel better. Nationalised Bank makes losses due to large payments of interest and capital on Taxpayers loan. However, the interest and loan are paid back. Result - Happy Taxpayer. Nationalised Bank makes substantial losses due to above and owner/shareholder value reduced. Average Taxpayer unaware that he is indeed the owner/shareholder and that he has funded these losses out of Tax. Result - Happy Taxpayer(with wool pulled firmly over eyes). This could be a great wheeze by Brown to make the taxpayer feel better.

Nationalised Bank makes losses due to large payments of interest and capital on Taxpayers loan. However, the interest and loan are paid back. Result - Happy Taxpayer.

Nationalised Bank makes substantial losses due to above and owner/shareholder value reduced. Average Taxpayer unaware that he is indeed the owner/shareholder and that he has funded these losses out of Tax. Result - Happy Taxpayer(with wool pulled firmly over eyes).

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