"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Friday, 21 January 2011

Back To The Future

So, amid claims of affairs and dodgy dealings, Ed Balls, the man who clung on to his Morley & Outwood seat in the 2010 GE by only 1,121 votes, gets his dream job after all.

"You either learn the lessons of history or you repeat the mistakes," says our new Shadow Chancellor of the Exchequer. Well, he should know:

From 2006 when he was the loyal right-hand man to Gordon Brown and Economic Secretary to the Treasury:
"Today our system of light-touch and risk-based regulation is regularly cited - alongside the City’s internationalism and the skills of those who work here - as one of our chief attractions. It has provided us with a huge competitive advantage and is regarded as the best in the world...

We have resisted pressure for heavy-handed responses to US corporate scandals. Four years ago, the WorldCom accounting scandal broke in the US. The calls from Parliament and commentators were for a regulatory crackdown. And we could have sought easy headlines. Instead, we responded with a measured, proportionate response. We were initially critised for that, but the alternative approach, as the Americans have found with Sarbanes-Oxley, would have been wrong for Britiain."
He's also the man who, together with Yvette Cooper, wife and Shadow Home Secretary, flipped homes three times in order to claIm additional expenses and allowances.

Balls is a walking disaster and I can't wait for more interviews like these:

2007:


2008:


2009:


Pre-GE 2010:


Ha-ha-ha-ha-ha

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