Tuesday 22 January 2008

Rock The Vote

The headlines scream murder. Billions upon billions being used by the British Government to prop up a failing bank, costing the taxpayers thousands each.

Except.

First, when one bank falls, it takes others with it. Confidence falls, the economy tumbles and in the current fragile state, it could bring down the country. Spending the money now is like building flood defences. Costs a bomb but less than the cost of not.

Second, it's not wasted money. The government are buying the bank. They can sell the bank. Some money may be lost in the interim, but it's a small percentage of that being spent, the benefits outweigh any such difference. Hell, the government may even make a profit, you never know.

Third. The accusation that this is nationalism by the back door. Why, yes it is. Just like the Labour heartland actually want. Bringing the government to make left-leaning policy even if not out of left-leaning ideology. Might actually get votes from the apathetic base just in time for a General Election.

Fourth. It might just work.

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