Alan Johnson out of depth on economics (09Jan11)

Labour's shadow chancellor Alan Johnson shows he is out of his depth on economics.

Recorded from Sky News, 09 January 2011.

Category:

News & Politics

Tags:

• alan
• johnson
• labour
• shadow
• chancellor
• out
• of
• depth
• economy
• economics
• uk
• recession
• public
• sector
• deficit
• reduction
• spending
• borrowing
• tax
• rise
• rises
• taxpayer
• taxes
• vat
• national
• insurance

[arthur1411]

What a good politician Johnson is.

Unfortunately he knows nothing about economics.

Murnaghan for Chancellor.

[liarpoliticians]

@arthur1411 So Mr Johnson, as the shadow Chancellor, what is the National Insurance rate..?. Er....

Sounds like all the other Labour policies.

[arthur1411]

Just shown this to my girlfriend who knows nothing about economics and is not interested in politics.

After I explained who Johnson was she said "what a prat".

Thanks for the upload, it's made my day - Postman Prat.

[arthur1411]

@THESTAFFIECHANNEL

In THEORY Marxism is a great idea.

Unfortunately in practice its a disaster story.

To make my point I'll give you one of the MANY reasons that this is so.

In the private sector if a company is inefficient and useless it goes out of business.

If companies are run by the state and are inefficient and useless the state throws (our) resources at it.

The state knows that monopolies are a bad idea and yet what are all of the state run public services.

[benbarclay20]

@LORDMCHUGH the system isnt broken, change in system won't change expenses fiddling mps

[ToaJoe]

@RichardElden Yeah, that was a fuck up. But look at everything else he managed- highest sustainable economic growth even during a time when our trading countries were entering recession. That takes skill.

[ToaJoe]

@arthur1411 Well yeah, obviously. That's Osborne's only economic argument. He knows nothing about economics, whenever he makes an ideological cut in spending, he just blames it on Labour (pathetically).

In case you didn't notice, Brown ran the economy brilliantly for the first couple of years in office. It's unfortunate that he set up a failed banking system, but so did everyone else in the western world. The Tory argument is so pathetic it's a joke.

[arthur1411]

@ToaJoe

Unlike Johnson he knows his economics, but if you think that Osbourne isn't going to take every chance to remind the country that he was Browns number 2 then you are mistaken.

[ToaJoe]

@arthur1411 Yeah, he's back. And he will obliterate Osborne.

[JuanMacready]

@ToaJoe Reducing benefits and cutting public spending. The only thing that deserves expenditure is defence.