Friday, 17 October 2008

Cameron plays the partisan game

According to Joey Jones over at Boulton and Co

There has been talk of David Cameron's speech on the economy breaking the "truce" of recent weeks. We should not forget this has been a one-sided and self-imposed truce. Labour saw no need for a cessation of hostilities.
The Tories have had a uncomfortable time. To be fair it was never going to be possible for an opposition to force its way centre stage during an economic crisis


So what are the tactics behind the much touted speech?

James Forsyth says that

The Tories need to puncture the bubble with a set of clear and lucid arguments that don’t overreach. Cameron’s criticisms today of how much debt Brown had got Britain into, the unbalanced nature of the British economy and the government’s ineffective approach to regulation are the beginnings of a coherent case against the Prime Minister’s economic management.


According to David Cameron

This crisis has highlighted just how mistaken Labour’s economic policy has been.
The economic assumptions that Gordon Brown made in the last decade now lie in ruins.
His assumption that a government could preserve stability while running a budget deficit in a boom.
His assumption that global financial integration reduced, rather than increased, the risks in our domestic economy.
His assumption that you could build a sustainable economy on a narrow base of housing, public spending, and financial services.
His assumption that we could permanently spend more than our income and build an economy on debt.
His assumption that you could abolish boom and bust and that the good times would last forever.
Now we can see that each of his assumptions were false


The important thing thouugh is what would the Tories have done differently.

Cameron cites three reasons why the policy was a failure,the building up of personal and corporate debt,teh failure to use the proceeds of the boom years and the process leading to higher interest rates due to the burgeoning borrowing which was driving up inflation.

However calling for greater financial responsibilty and cost and spending cuts is hardly a new economic policy.

This Mr Cameron I am afraid is playing the partisan politics game

1 comment:

sallreen said...

Mr David Cameron has had a good term; indeed, a good political year, beginning with his party conference last October.He used to sit up half the night thinking up jokes.
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Sally
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