‘Double-dip will shoot Osborne’s reputation’


by Sunny Hundal    
6:23 pm - May 2nd 2012

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On June 2010 the economist Danny Blanchflower said in a piece for the Daily Mirror: ‘Mad axeman George Osborne is about to push Britain into second depression

Right-wingers laughed at the suggestion.

Ed Howker at the Spectator echoed the views of many when he said:

He accuses those who disagree with him of “political opportunism”. Further, the Professor’s opinions have since given succour to union bosses like Brendan Barber who warned this week that, “The coalition obsession with slashing jobs and services to reduce national debt risks hurtling us into a dangerous double-dip.”

He then added:

Come 2011 we’ll know whether it is Blanchflower or the Chancellor who avoided the bullet. According to the rules of the game, if there is no double dip, it should be impossible for the Professor’s reputation to recover. He will, indisputably, have provided little but political cover to Britain’s left.

However, if there is a double-dip, the Chancellor’s reputation will be shot to pieces. His cuts will have crashed the economy.

We look forward to a piece in the Spectator now admitting, by their own rules, that George Osborne’s reputation has been shot to pieces.

You can follow Danny Blanchflower on Twitter too.

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About the author
Sunny Hundal is editor of LC. Also: on Twitter, at Pickled Politics and Guardian CIF.
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Reader comments


‘However, if there is a double-dip, the Chancellor’s reputation will be shot to pieces’

What reputation would that be?
Surely his expertise as a towel folder remains unsullied?

At the very least, Osborne could benefit from reading the economist columnists in the Financial Times and the editorials. As Martin Wolf commented about Osborne’s budget on 20 March: A budget without economic significance.

Thread readers may be interested in the report of this IMF conference last year:
Olivier Blanchard et al (eds): In the wake of the crisis (MIT Press 2012 for a book version)
http://www.imf.org/external/np/seminars/eng/2011/res/index.htm

Try especially the video clip with the concluding remarks by Olivier Blanchard on the final day.

The reported contributions and discussion are tight and intelligibility may depend on economic priors to an extent that could present difficulties for those without some previous formal education in economics. Blanchard’s comments at the end highlight some of the most acute gaps in the received researched wisdom for dealing with financial crises of the magnitude we have experienced. Note particularly Blanchard’s remark that in the perennial debate on the “market” versus the “state”, the pendulum has swung a bit towards the state. There is more for the state to do.

3. thelodger

Fraser is wrong each and every week, never seen him say sorry yet, doubt we ever will.

Economist wants a small E unless Danny is a right wing magazine. But good catch. Chances of an apology are up there with Murdoch’s chances of jail, sadly.

5. Man on Clapham Omnibus

I feel sorry for Gideon. I’ll bet until this blows over he’ll be sucking on a fag or two.
Whether they will change course is entirely a different matter. We’ll need a new Government before that happens imo.

6. Chaise Guevara

‘Double-dip will shoot Osborne’s reputation’

[Brain mangled by weird metaphor]

The bottom line is that it was only a few years ago that George Osborne was employed at Selfridges Department Store folding towels for a livng. (A Towel Folder).

This is a fact and once the gravity of the reality of how pathetic these Tories are regarding the British economy sinks in we are doomed to a very uncertain future.

Just before the last general election The Governor of the Bank of England Mervyn King publicly said that the Tories were inexperienced and cannot and should not be trusted with the British economy. Many more leading economists including the world respected financier Sorros warned at the World Economic Forum later that year that George Osborns deficit and austerity measures were outright dangerous and a serious threat to the British economy.

George Osborne’s only previous experience of dealing with finances was only ever dealing with his very own Bank Account. That was the only experience that George Osborne had before his best Buddy David Cameron gave him the really serious job of looking after the British economy. Dont you get the feeling that the Tories are really taking the piss out of the British peoples intelligence.

I really do think George Osborne should get back to what he knows best and that is folding towels for a living.

Something instructive for Osborne to read:

“I wish I’d been wrong for the sake of the world,” Krugman said in an interview with Bloomberg Television’s Carol Massar. “You can see that there has been a definite shift in opinion.”
http://www.businessweek.com/news/2012-05-02/krugman-wishes-he-was-wrong-amid-eu-austerity-backlash

“We look forward to a piece in the Spectator now admitting, by their own rules, that George Osborne’s reputation has been shot to pieces.”

I bet you do as that’s the only way you can get the upper hand. You cant out class your political rivals with your own intelligence or what you bring to the table, you have to wait for them to make a mistake then you pounce in for the kill trying to get as much personal benefit as possible.

Osborne’s reputation may damaged to a load of little Englanders who believe petty politics is the most important thing in the world how ever in a world that counts the only thing that is damaged is the reputation of Britain and British politics.

Osborne as an individual is irrelevant, yes they will have you believe that is not the case how ever all they aim to do it replace him with some one equally as incompetent, but from there own political team.

That the system allows those who are neither educated or experienced to take such roles in our society is what has destroyed this country’s reputation, and this goes on, people treating politics as there hobby and personal drama theatre, screaming incompetent I don’t care I just want the one I support up there!

…as the country is destroyed in this sea of incompetence from all who play the game, you lot actually expect the rich and those who have it together in life to respect this country and play by the rules, but you don’t respect your selves and behave like such fools.


Reactions: Twitter, blogs
  1. steve

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  2. Michael Bater

    ‘Double-dip will shoot Osborne’s reputation’ | Liberal Conspiracy http://t.co/HZlmX9lO via @libcon

  3. BJH

    Surprise, surprise – austerity killed growth.
    http://t.co/5VcMXzz3

  4. adam moghadas

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  5. Ray Sirotkin

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  6. Sharon Avraham

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  7. Legal Aware

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  8. Derek Bryant

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  9. Lynne Jones

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  10. Wladyslaw Mejka

    In 2010, Spectator laughed at prediction of double-dip recession; said it would shoot Osborne's reputation to pieces http://t.co/L7dJMspx

  11. Amanda Kendal

    If I was running Labour's campaign I'd have quotes from this Spectator article on every leaflet tomorrow http://t.co/L7dJMspx

  12. sunny hundal

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  13. Alex Belardinelli

    RT @sunny_hundal: Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/JOpqnn8v

  14. Cllr Paul Bull

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  15. Iain

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  16. Simon Henry

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  17. Andrew Rice

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  18. Tommy Rose

    RT @sunny_hundal: Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/nYtCBufq

  19. Adam Garratt

    ‘Double-dip will shoot Osborne’s reputation’ http://t.co/2lxvzEbT via @libcon

  20. Andy Sweetmore

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  21. Edd S.

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  22. British Citizen

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  23. Jamie Wilson

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  24. Terry Rubbish

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  25. michelle maher

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  26. James Maddison

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  27. LV Schwarz

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  28. Mark Gillespie

    In 2010, Spectator laughed at prediction of double-dip recession; said it would shoot Osborne's reputation to pieces http://t.co/L7dJMspx

  29. Martin Menear

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!

  30. isla

    In 2010, Spectator laughed at prediction of double-dip recession; said it would shoot Osborne's reputation to pieces http://t.co/L7dJMspx

  31. Kowalski

    In 2010, Spectator laughed at prediction of double-dip recession; said it would shoot Osborne's reputation to pieces http://t.co/L7dJMspx

  32. Keith Parkins

    In 2010, Spectator laughed at prediction of double-dip recession; said it would shoot Osborne's reputation to pieces http://t.co/L7dJMspx

  33. Warren Peace

    Spectator in 2010: 'If there's a double-dip recession Osborne's reputation will be shot to pieces' http://t.co/L7dJMspx <- time to own up!





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