Saturday, 8 March 2014

Cable seller of the Crown Jewels

The Lib Democrat conference is on and they are all gathering together to pat themselves on their narrow shouldered backs of how well they had done in a coalition government. Of course we all know they have been appalling.  I noticed though as one famous and nefarious Lib Dem MP was briefly and politely interviewed how no questions were asked about the Post Office sell off.   The Guardian newspaper on the 20.11.13. reported the sell off at 330 pence a share compared with a current valuation of 550 pence a share meant the sale had lost £2.2 billion. Such a phenomenal amount equates the complete negligence on behalf of the coalition government and in particular Vince Cable who was a key player.  Though, personally I can't help feel as business secretary he was given a poison pill by the coalition government. Whatever happened it was going to be unpopular, but the worst thing of all has happened the gross under valuation and sell off of Great Britain's crown jewels.  This seems to be a constant thing which happens whenever a Tory government comes into power and it seems the people who always make the most out of selling public assets are those who are already wealthy and seeking to get wealthier.  Every single one of those shares should of first been offered to the British Tax payers as free shares. The minimal restriction on selling to private investors was so low as to mean this government only wanted to sell shares to institutional investors overseas, they effectively rather give tax payers money to free loaders in different countries than their own population.

It would of made interesting news had the interviewer the bollocks to of asked a difficult question.  I think it should of been more along the lines of "Mr Cable, don't you feel it would be appropriate of you to resign from government after the atrocious short selling of the Post Office?" Or, "Mr Cable, can you explain why the population of the UK should consider voting for the Liberal Democrats when the selling of the Post Office at a vastly under valued level represents exceedingly bad judgement and governance?" A more simple question could also of been, "Do you honestly think your party will ever recover it's reputation as a democratic party after being in coalition?"

Every time there is a Tory government there is always a single guarantee, the poor, the working classes will be pushed into greater poverty.  Cable you and Clegg have your days numbered, watch this space.

No comments: