They Just Don’t Get It

Today’s Guardian carries a letter from ‘leading’ lefties. It calls for a second stimulus package to ‘protect’ the economy and ‘stimulate growth’. It’s not a long letter (the arguments in favour of such things aren’t as you can imagine extensive), but it is perhaps best summed up in this sentence:

“A programme of government investment would not only stimulate the wider economy in the short term, but would increase long-term growth, thereby lowering the debt levels through a higher tax take.”

So, borrowing, £6,000 every second has stimulated the economy? The Government didn’t need to borrow in January did it? When will these idiots realise that you just can’t keep chucking money at a problem and hope it will fix itself? In just 56 days the country will have to make a decision. Do they want five more years of Gordon Brown and Labour who will put the recovery at risk by dithering on action? Or do they want the Conservatives and David Cameron who will act quickly to cut the deficit in order to keep things like mortgage rates lower for longer?

Incidentally, the list of people you might want to direct your abuse at for this ridiculous letter are as follows:

Colin Burgon MP

Alex Smith, Editor, Labourlist

Austin Mitchell MP

Anne Cryer MP

Alexandra Kemp, Chief Executive, West Norfolk Women and Carers’ Pensions Network (personal capacity)

Bellavia Ribeiro-Addy, NUS National Officer

Billy Hayes, General Secretary, CWU

Byron Taylor, National Trade Union Liaison Officer, Trade Union & Labour Party Liaison Organisation (TULO)

Cat Smith, Vice Chair, London Young Labour

Chris Edwards, Senior Research Fellow, UEA,

Chris McCafferty MP

Chris McLaughlin, Editor, Tribune

Christopher Cramer, Professor of Political Economy of Development, SOAS

Clifford Singer, Director, The Other TaxPayers’ Alliance

Colin Challen MP

Compass Youth Executive

Dave Anderson MP

David Drew MP

Dai Havard MP

Dave Prentis, General Secretary, Unison.

David Hamilton MP

Diane Abbott MP

Denis Murphy MP

Edward O’Hara MP

Ellie Gellard, Labour blogger

Grazia Ietto-Gillies, Emeritus Professor of Applied Economics, Director Centre for International Business Studies, London South Bank University

Glenda Jackson MP

Gerry Doherty, General Secretary, TSSA

Gordon Prentis MP

Prof. George Irvin, Univerity of London, SOAS.

Professor Ian Gough, Professorial Research Fellow, LSE

Hugh Lanning PCS Deputy General Secretary

Hywel Francis MP

Harriet Yeo, Labour Party NEC

Hilary Wainright, Co-Editor, Red Pepper

Ismail Erturk, Senior Lecturer in Banking, Manchester Business School

Janet Dean MP

Jeremy Corbyn MP

Jim Cousins MP

Jim Sheridan MP

Jon Cruddas MP

John Austin MP

John Ross, Editor, Socialist Economic Bulletin

John Weeks, Professor Emeritus of Economics, SOAS, University of London, and former director of the Centre for Development Policy and Research.

Jonathan Rutherford, Professor of Cultural Studies, Middlesex University

Katy Clark MP

Karen Buck MP

Keith Norman, General Secretary, ASLEF

Ken Livingstone

Kevin Maguire, Associate Editor, Mirror

Kelvin Hopkins MP

Martin McIvor, Editor, Renewal

Malcolm Sawyer, Professor of Economics, University of Leeds

Mehdi Hasan, Senior Editor (politics), New Statesman

Michael Connarty MP

Michael Meacher MP

Mick Shaw, President, FBU

Mike Wood MP

Michael Burke, Economist and contributor to Socialist Economic Bulletin

Neal Lawson, Chair, Compass

Neil MacKinnon, Chief Economist, VTB Capital

Paul Kenny, General Secretary, GMB

Paul Truswell MP

Paul Sagar, New Political Economy Network.

Pat Devine, Honorary Research Fellow, University of Manchester

Peter Kilfoyle MP

Peter Willsman Labour Party NEC

Prem Sikka, Professor of Accounting, University of Essex

Richard Ascough, Regional Secretary, South Eastern GMB

Richard Murphy, Director, Tax Research UK

Roger Berry MP

Robin Murray, Fellow, Young Foundation, Author of Danger and Opportunity:Crisis and the New Social Economy

Roger Godsiff MP

Ronnie Campbell MP

Sam Tarry, National Chair, Young Labour

Sunder Katwala, General Secretary, Fabian Society (personal capacity)

Susan Himmelweit, Professor of Economics, Faculty of Social Sciences, Open University

Terry Rooney MP

Tim Roache, GMB Yorkshire Regional Secretary

Tony Juniper, environmentalist

Tony Woodley, Joint General Secretary UNITE

Will Straw, Editor, Left Foot Forward