Tuesday, 11 August 2009
Don't vote for Vince
The Times has an interesting poll out, vote for who would be the best Chancellor. It is nto goign very well for poor Darling, who with such a bad hand to play with has done as one would expect.
He should have folded a long time ago.
Anyway, Vince Cable is in the lead. Vince Cable.
Now, I have met Vince only very briefly and seen him a bit on the telly, as it happens I have read qutie a lot of his stuff in the papers. You know what, he is nearly always wrong. he has a ncie voice though and sounds quite reassuring, he maintains this in person too. As such he is a good communicator and politician.
But as an economist he is just wrong, as most of them are. Economists never get elected to CEO or board level in companies and there is a reason for this. Ivory Tower posturing is not what gets the job done in the end.
Let's take one example, Northern Wreck. Vince is lauded because he said nationalise it straight away. Woohoo, the Government did that later so he has the power of prescience. But Northern Wreck has cost taxpayers millions and left us with an broken loss machine on the state books. Closing it asap was the right answer, all the other banks are not like Northern Wreck, Northern Wreck were truly 'special.' So on this Vince is well wrong, as he is on most taxes.
The one piece of credibility he has is that he admits that serious decisions on pensions, defence and uni funding are going to have to get taken. Which is nice, but as he is not the man who is going to have to take them, it may as well be me saying it.
Sorry Vince, your not the answer, so I won't vote for you and neither should anyone else.