Daniel Hannan – Devalued Prime Minister Speech (Video, Transcript)

Daniel Hannan, MEP for South East England, gives a speech during Gordon Brown´s visit to the European Parliament on 24th March, 2009.
The world needs more men like this.

I don’t normally delve into the politics of the European Parliament, but this video of Conservative MEP Daniel Hannan stripping the bark off British Prime Minister Gordon Brown is worth noting. (”The devalued prime minister of a devalued government.”) Many American politicians might be hearing the same criticisms next year if the U.S. economy is still depressed even as the national debt soars. Here is a transcript:

Prime Minister, I see you’ve already mastered the essential craft of the European politician, namely the ability to say one thing in this chamber and a very different thing to your home electorate. You’ve spoken here about free trade, and amen to that. Who would have guessed, listening to you just now, that you were the author of the phrase ‘British jobs for British workers’ and that you have subsidised, where you have not nationalised outright, swathes of our economy, including the car industry and many of the banks? Perhaps you would have more moral authority in this house if your actions matched your words? Perhaps you would have more legitimacy in the councils of the world if the United Kingdom were not going into this recession in the worst condition of any G20 country?

The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20,000. Servicing the interest on that debt is going to cost more than educating the child. Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words – to pay off debt. But you used the good years to raise borrowing yet further. As a consequence, under your captaincy, our hull is pressed deep into the water line under the accumulated weight of your debt We are now running a deficit that touches 10% of GDP, an almost unbelievable figure. More than Pakistan, more than Hungary; countries where the IMF have already been called in. Now, it’s not that you’re not apologising; like everyone else I have long accepted that you’re pathologically incapable of accepting responsibility for these things. It’s that you’re carrying on, wilfully worsening our situation, wantonly spending what little we have left. Last year – in the last twelve months – a hundred thousand private sector jobs have been lost and yet you created thirty thousand public sector jobs.

Prime Minister, you cannot carry on for ever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line. You know, and we know, and you know that we know that it’s nonsense! Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so; the European Commission has said so; the markets have said so – which is why our currency has devalued by thirty percent. And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government.

UK Prime Minister Gordon Brown Says World Is Already In A Depression

Gordon Brown described the global economic downturn as a depression for the first time yesterday during a furious Commons clash with David Cameron.

The Prime Minister’s remark came as he told MPs that countries “should agree as a world on a monetary and fiscal stimulus that will take the world out of depression”.

His use of the D word was not picked up at the time by Mr Cameron, who was using a series of questions to embarrass Mr Brown over his “British jobs for British workers” slogan that has been used by strikers in the foreign labour dispute.

Downing Street officials later moved swiftly to say that he had not intended to refer to the word depression but had slipped up. They suggested that he meant “recession”.

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Britain On The Edge of National Bankruptcy?

They don’t know what they’re doing, do they? With every step taken by the Government as it tries frantically to prop up the British banking system, this central truth becomes ever more obvious.

Yesterday marked a new low for all involved, even by the standards of this crisis. Britons woke to news of the enormity of the fresh horrors in store. Despite all the sophistry and outdated boom-era terminology from experts, I think a far greater number of people than is imagined grasp at root what is happening here.

The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic.

The political impact will be seismic; anger will rage. The haunted looks on the faces of those in supporting roles, such as the Chancellor, suggest they have worked out that a tragedy is unfolding here. Gordon Brown is engaged no longer in a standard battle for re-election; instead he is fighting to avoid going down in history disgraced completely.

This catastrophe happened on his watch, no matter how much he now opportunistically beats up on bankers. He turned on the fountain of cheap money and encouraged the country to swim in it. House prices rose, debt went through the roof and the illusion won elections. Throughout, Brown boasted of the beauty of his regulatory structure, when those in charge of it were failing to ask the most basic questions of financial institutions. The same bankers Brown now claims to be angry with, he once wooed, travelling to the City to give speeches praising their “financial innovation”.

Does the Prime Minister realise the likely implications when the country joins the dots? He has never been wild on shouldering blame, so I doubt it. But Brown is a historian. He should know that when a nation has put all its chips on red and the ball lands on black, the person who made the call is responsible. Neville Chamberlain discovered this in May 1940 with the German invasion of France.

via Source

Blair a Secret Catholic At No10

Tony Blair was a secret Catholic throughout his years in office, according to one of his former advisers.

Lance Price, who was a Downing Street spokesman, recalled that, a year after being elected, Mr Blair asked him to ‘’squash” a report that he had told the Archbishop of Siena ”in my heart I feel more of a Catholic”.

Mr Price told the Today program on BBC Radio 4 that Mr Blair had told him, ”I don’t discuss my Catholicism with anybody.” He went on, ”I thought what he meant to say was, ‘I don’t discuss my Christianity with anybody.’ But looking back, I think, in his heart he was a Roman Catholic throughout the time that he was prime minister.” Mr Price was commenting on a program to be shown on BBC1 yesterday in which the former prime minister appears to express regret that he was not more open about his religion while at No10. In an interview for Christmas Voices, Mr Blair says, ”It would have caused such a palaver if I had done it while I was still in office.” But he admits most people would not have minded. ”Probably we could have been a little more adventurous on this without bringing the house down.”

Mr Blair, whose wife is a Catholic and whose children have been brought up in the faith, was received into the Church last December. Independent

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Olmert: We Must Give Up Parts Of Jerusalem

Prime Minister Ehud Olmert on Monday used a Jerusalem memorial ceremony for former prime minister Yitzhak Rabin to reiterate that Israel must be willing to cede parts of the capital.

Olmert at Rabin memorial: We must cede parts of Jerusalem

“If we want to keep Israel Jewish and democratic, we need to give up parts of the homeland we have dreamed about for generations and [mentioned] in our prayers, even Arab neighborhoods of Jerusalem, and to return to a 1967 Israel with certain amendments,” he said, at the state ceremony on Mount Herzl, where Rabin is buried.

“The decision must be made now. The moment of truth has arrived. There is no escaping it, but [the opportunity] can be missed. If, God forbid, we dither, we will lose the support for the idea of two states. There is no need to expand on the alternative… Rabin will win,” he continued.

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Putin May Return To Power

Russian President Dmitry Medvedev could resign from his post in 2009 to pave the way for Vladimir Putin to return to the Kremlin, Vedomosti newspaper reported on Thursday, citing an unidentified source close to the Kremlin.

Medvedev Wednesday proposed increasing the presidential term to six years from four years, a step the newspaper said was part of a plan drawn up by Vladislav Surkov, who serves as Medvedev’s first deputy chief of staff.

Under the plan, Medvedev could implement changes to the constitution and unpopular social reforms “so that Putin could return to the Kremlin for a longer period,” the newspaper said.

“Under this scenario Medvedev could resign early citing changes to the constitution and then presidential elections could take place in 2009,” the newspaper said, citing the unidentified source close to the Kremlinl.

The paper said Putin, who is currently prime minister, could then rule for two six year terms, so from 2009 to 2021. The paper cited Putin’s spokesman as saying he saw no reason for Putin to return to power in 2009.

Investors, already jittery over the impact of the financial crisis on Russia’s economic boom, are trying to work out who is really in charge of Russia, the biggest question for those seeking to ascertain political risk.

They are seeking any details on how the current set up — with Medvedev as president and Putin as prime minister — could change. During Medvedev’s speech Wednesday the Russian stock market erased most of the gains it made earlier in the day.

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