Posted on 03/29/2009 10:33:41 AM PDT by 2banana
Dan Hannan MEP in the European Parliament speech of March 26, 2009. Daniel Hannan is a Conservative MEP for the South East of England and author of The Plan: Twelve Months to Renew Britain
THIS IS A MUST LISTEN (only about 3 minutes)
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A partial 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.
Perhaps you would have more moral authority in this House if your actions matched your words, and perhaps more legitimacy in the councils of the world if the United Kingdom were not sailing into this recession in the worst condition of any G20 country.
We are now running a deficit that touches 10 per cent of GDP, an almost unbelievable figure - more than Pakistan, more than Hungary; countries where the IMF has already been called in.
You cannot spend your way out of a 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 are well placed to weather the storm, I have to tell you, 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 say so, which is why the pound has lost a third of its value.
In a few months, the voters will have their chance to say so, too.
They can see what the markets have seen: that you are the devalued Prime Minister of a devalued Government.'
“Mr. Hannan excoriates Gordon Brown for "running a deficit that touches 10 percent of GDP", calling it "an almost unbelievable figure."
If the UK's 10 percent of GDP fiscal deficit is "almost unbelievable", then the US deficit, which will almost certainly exceed 15 percent is "beyond unbelievable".
We will need to come up with some new adjectives that are synonymous with "horrific" to describe the fiscal situation here in the US.
Terrific!! video. Encourage everybody to see it. Just as applicable to us in U.S. Powerful. Glen Beck had him on TV because of this vid.
*Using the voice of Tim Conway as ‘Mr. Tudball’:
“Boy I tell-ahue, you’re just a real firecracker with this-a breaking news.”
This is old news.
Be prepared for the “Devalued President of the Devalued Party” when USD collapses
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