There She Blows & Leaflets Leaflets Leaflets

25/03/2009 by Steve Tierney.

There She Blows
From some time the sceptics amongst us have believed that Gordon Brown’s economic experiment was shortly due to end in tears.  Many of the things I (and others) predicted months (or in some cases years) ago have come to pass.  Quantitative Easing (Money Printing), spiralling unemployment, plunging sterling and more.  The most significant predictation had notable failed to materialise though.  Until today.  The latest U.K. Gilt Auction failed spectacularly.  What does this mean?  It means that the government’s latest attempt to borrow a huge sum of money from lenders around the world met with a fairly clear and resounding: “No.”  This may have failed to make the headlines of our newspapers but make no mistake, it is a very important development.  It means that unless something dramatic changes, we will have to offer much more generous terms if our country wants to continue borrowing money.  We may not be able to source funds at all.  Gordon Brown has applied for a new “credit card” and the lenders have told him that they don’t consider him credit-worthy.  This affects us all.  How is the prime minister going to meet some, or even any, of his many spending promises if he can’t borrow the money to do so?  More money printing?  The U.K. is looking less and less solvent by the day.  This is a desperate situation and unfortunately the people responsible for it are the same people still in charge.  It’s a tragedy. 

Leaflets, Leaflets, Leaflets
I’ve been out over the last few days in Leverington delivering the first batch of the new Conservative “In Touch” leaflets.  These have to go all the way across the county division in which I will be standing (later this year) for a county council seat.  Walking for miles hand-delivering thousands of leaflets have shown me two things.  The first is that the people of my division are as passionate as I am about local politics.  I’ve enjoyed many personal and telephone conversations with them while en route.  The second thing, sadly, is I’m not as fit as I thought I was!  All this walking has made me feel like my bones are made of glass!  Time to start putting some hours in on the treadmill again, I reckon!  And maybe cut back on the bacon sandwiches a little!

Posted in My Campaign, Leverington, Credit Crunch | No Comments »