Saturday, February 25, 2012

Cliches of 2012 #1

"Labour failed to regulate the banks"

You hear it whenever Tories open their gob to comment on one of the most odious side effects of the financial crisis: that is, bankers' bonuses and pisstake-like pay and share packages.

"Labour failed to regulate the banks", they shout, like a broken record.

And, yes, no-one disputes that: indeed Labour failed to regulate the banks.

But here's the thing, Tories. You're about to enter your third year in power, so just stop moaning and do something about it.

Except that you won't. You won't because you don't think they should be regulated in the slightest, but you don't have the guts to openly say it.

More, you actually cheered when Labour failed to regulate the banks. You approved of it, which is why you never said a word about it throughout the decades of binge or around the time Baron Mandelson was gobbing off that the filthy rich excited him.

Do you really think, Tories, that the British public are so stupid to believe that you wouldn't have batted an eyelid if Labour had done what they should have during their tenure in government?

Isn't it more likely that even the most feeble attempt at regulating would have been met by the usual hysterical kicking and screaming about "socialism", "loonie lefties" and the rest?

After all, guess who it was who deregulated them in the first place? That's right, the Tories (see here).

Because that's what you do for a living. You champion policies that favour the super-rich and your job is to sugar coat them in populism, smokescreens and a lot of cheek.

So just know, Tories, that when you produce outrage from one orifice, but then mumble from the other that bankers' bonuses are necessary (like Tory minister Ed Vaizey did on last Thursday's BBC Question Time), the picture that comes out is a pathetic one.

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