12/08/2010
We have the face the reality. There is little hope. Exaggerated optimism is inadequate. We know quite well that after the so called "emergency budget" any chance of a sustained recovery was flushed away. You do not need to be a economist to realise that without jobs, investments and production, you cannot be optimistic. Cuts and cuts alone results in recession. I am afraid to say but the worst is still to come when 600000 jobs culling starts in the public sector. While the crisis deepens, the government begins to inflict a cynical revulsion on those receiving benefits. It is exactly when the most vulnerable families need it most is when this irresponsible government decides to implode it. No, for those in low income, those without jobs, the forecast cannot be better. The wealthy cannot feel if the inflation is 2% or 3% higher, however the less privileged ones will find it very hard to cope. Let's be frank, with or without debt issues, this government is doing what it always did when in power. Recession, mass unemployment, and above all, the appalling disregard towards the working class and poor families in this country. And yes, sadly many of us have a goldfish memory...
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