Yesterday, I re-blogged a very interesting article in the Telegraph entitled:
I received a very thoughtful response from John Gelmini which I am re-blogging below:
This is happening not because these Ministers believe in infrastructure spending but because the opinion polls show that all of them will be out on their ears unless they get the economy moving again very quickly.
Normally, it takes 18 months in good times to pump up an economy, so that people will vote for you and these are not good times.
The brutality in terms of cuts should have been inflicted early on, along with the cessation of the war in Afghanistan, the billions wasted in overseas aid and barmy measures like Gay Marriage which only one person in 90 is affected by.
Effectively, even if the Coalition lasts, if you strip out Christmas, New Year and holidays, they are left with less than two years to turn matters around and achieve growth.
With the school leaving age raised to 18, without a lot more growth, we could see millions of youngsters of voting age unleashed onto the labour market, along with the 2.25 million other youngsters who are currently not working, just before David Cameron or his successor goes to the country.
You do not win elections with rising unemployment, unless people can see that your plans are credible, well thought out and likely to produce success. They also have to believe you are doing your best and putting in enough work.
When it comes to Cameron and Osborne and their henchmen, Gauke, Alexander, Maude, one cannot honestly say that any of them are up to the mark, or working with sufficient speed and urgency.
I am reminded of the old Duracell battery advertisement where people with other batteries scale the mountain slowly but the one powered by Duracell races to the summit.