Sunday, October 04, 2009

Cameron on Marr

I caught the Andrew Marr interview with David Cameron this morning. Having asked Gordon Brown the previous week if he was on drugs, Marr clearly felt that he had to give David Cameron a kicking as well in the interests of balance. So, we had a question if a man from an upper middle-class family could really represent ordinary British people, guesses at David Cameron's net worth and a demand for the exact number of people who would be made unemployed by a Conservative government's cutting of public spending. Well, there is a name for the assumption that someone's worth in entirely defined by their parentage; it is called bigotry, and it doesn't matter if the key factor is taken as race or social class or whatever. You either believe that people can be taken or their own merits or you don't, and Andrew Marr clearly does not. In the case of David Cameron you could not possibility argue that he has escaped the travails and tragedies that we all encounter in our lives, and if you don't know what I mean by that then look it up, because I am not going to spell it out here.

As for his net worth, who the hell knows that at the drop of a hat? I certainly don't, and if an interviewer asked me about it I would probably tell them to shove off anyway. The irony here it that Andrew Marr is probably richer than David Cameron anyway, especially using the tax avoidance scams that the BBC arranges for its better paid staff, whixh the Times revealed today.

Then we come to revealing the precise number of people who would lose their jobs in an effort to curb Labour's disastrous national debt. It was never likely that David Cameron was going to answer that one, because the basic premise of the question is wrong. The reason that we need to cut government spending is because Labour is funding a large part of it by borrowing the cash on the international money markets. If this carries on the interest rates and taxes will have to rise in order to service both capital and interest payments. If that happens then the UK economy will not grow as much as it might, which means prolonged high levels of unemployment. So, the net unemployment levels where government spending is not constrained will be higher and for longer. What would also probably happen is that eventually UK debt could not be financed via the international markets, which would lead to forced cuts in services anyway. This is what the Labour government brought us to in 1976, and the repeat proves the old adage that the problem of socialism is that eventually you run out of other people's money.

The key point made by David Cameron was that it was extraordinary for the opposition to be making the running on economic policy, while the government was sticking its head in the sand and pretending that it could run astronomic levels of debt indefinitely. Compare Gordon Brown and David Cameron in front of the same interviewer and only one sounded like a Prime Minister, and it wasn't the one with the job title.

No comments: