Michael Meacher MP

IDS was at it again yesterday.   The Tories really excel at the Big Lie.   First it was Cameron saying the crash was the fault of Labour over-spending, though after 8 years of Labour government the budget deficit was a very low 3% of GDP in 2007 and only hit 11.6% after the banking bailout.   Then Osborne siad the post-crash slump was all the fault of the eurozone, even though the recession in Britain began at least a year before the eurozone troubles began, as though his own massive cuts had nothing to do with it.   Now in his speech yesterday IDS has told us that it wasn’t the bankers who crashed the economy, it was the poor because of the amount spend on tax credits.   Specifically he said: “We wonder why we got in such a problem over debt and deficit and it’s because actually in chasing the poverty targets, more and more had to be spent”.   Just plain silly. (more…)