Bob Piper has been a Labour Councillor for the Abbey
Ward in Sandwell, West Midlands, for 10 years. He is a lifelong supporter of Aston Villa Football Club and a follower of Yorkshire County Cricket Club.
The views expressed here are mine in a personal capacity, not those of the Labour Party, Sandwell MBC, Aston Villa or Yorkshire County Cricket Club. Get it! Mine... just mine!
Promoted by Bob Piper of 115 Barclay Rd, B67 5JZ on behalf of the Labour Party, care of 39 Victoria Street London, SW1H 0HA . Hosted (printed) by Swaithe Internet Solutions who are not responsible for any of the contents of these posts.
Please note however, that The Labour Party is not responsible for the content of this website or individual posts as, unless specifically stated, I am writing solely in a personal and individual capacity.
Promoted by Bob Piper of 115 Barclay Rd, B67 5JZ on behalf of the Labour Party, care of 39 Victoria Street London, SW1H 0HA . Hosted (printed) by Swaithe Internet Solutions who are not responsible for any of the contents of these posts.
Please note however, that The Labour Party is not responsible for the content of this website or individual posts as, unless specifically stated, I am writing solely in a personal and individual capacity.
From the comments on Conservative Home in response to someone suggesting that John Redwood was an essential read for those looking for insight into the state of the economy and an understanding of the financial markets:
Is this, 'That John Redwood'
From John Redwoods Website
Oct the 6th
Governments should look after taxpayers. Taxpayers cannot afford to nationalise the banks. If governments assume too many new risks by taking on the assets of the banks or buying them up, it merely shifts the problems from the private sector to the public sector. It does not solve it. The problem will then become how do governments pay all the bills? How can they finance themselves in a non inflatonary way? How high do taxes have to go? A banking crisis does not suspend the laws of public finance. Buying bank shares is just like hiring teachers or buying more paperclips for a government office - only less popular with the taxpayer.
October the 8th
At last the authorities have woken up to the scale of the problems in the money and banking markets. Any sensible person this morning wishes the government's plan well and hopes it will succeed. Let me begin with some supportive points....
October 10, 2008 3:03 PM | permalink
I feel like breaking out into song...
What a difference two days make.