Olipro->Creations(&Blog)

So, where exactly do we start, the UK is in recession, as is the Eurozone and US for that matter. Sterling has fallen to some of the lowest levels going against the dollar and Euro and to top it all off, we’ve also got some of the lowest bank rates going as well.

So, what’s the Labour strategy to help the ailing economy? SPEND SPEND SPEND!

Sadly this mantra is backed up by heavy borrowing, so they’re essentially injecting borrowed cash now to fund a spending spree that will have to be paid back later, the current example is the VAT cut to 15%… whoop de fucking doo, as if a cut of 2.5% is going to encourage me to rush out to the shops suddenly (well, the shops actually bothering to pass the cut on anyway). Personally I think labour have given up and decided to just fuck the country over as much as possible to give Conservatives a hard time when they win the next election, note that I say “when” rather than “if”.

The fact that our currency has been essentially scuppered is a large piss-off too, I do realise this is great for exporters, but if you pause to examine how much crap we import, and how much crap we export, logic would dictate that we’re pretty import oriented, so now we’re getting it up the arse even more than previous, so it’s simply a matter of time waiting for the damned rates to hit equilibrium.

German ministers have taken the opportunity to give Brown a proper slagging off, much like I’m doing here to be perfectly frank, sadly that’s unlikely to move their policy plans, short of booting them out of governement, so I await the next election with baited breath at the opportunity to get rid of them.

One thing that has been getting on my tits though is this drivel media outlets produce that ask such questions “how are you coping with the credit crunch” and other ridiculous bollocks, unless all their readers are the heads of retail enterprises, I sincerely doubt they’re affected at all, or if most of the country just got laid off because of their employer needing to downsize to cope with reduced revenue, so by and large, it’s just daft bullshit, especially when we’re experiencing deflating prices on oil and even food, so assuming you haven’t had a pay cut or been laid off, it’s irrelevant.

Not to mention the whole thing is a state of mind anyway, once the wider economy believes the recession is over, it becomes true, the whole economy is based on individual psychologies added together to produce a majority attitude.