Tuesday, September 11, 2007

A Freudian slip. Gordo tells the truth.

Seems people are making a big deal about Gordos new economics speech. Read here.

In it he says that 'We must never return again to those days when reckless promises that you could simultaneously cut taxes, raise spending and cut borrowing were made.' Their comments are that he clearly doesn't understand economics as it is possible to do all those things at once.

Personally I think that he is in fact correct because they can only happen together in a growing economy. In Gordos economy there is negligible growth. And there will never be real growth as he feeds his bloated public sector. So he is actually telling the truth yet everyone things it is an slip of the tongue.

Got to laugh.


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