Showing posts with label will look after their own. Show all posts
Showing posts with label will look after their own. Show all posts

Thursday, 25 October 2012

Rant 299 25/10/12 Subject: The 'end of reccession'

Rant number 209

Past the big 300 mark - I make that 65 to go - the downward slope.

Anyway - back to the present.

Today on the news - they proudly announced that the recession in the UK is over with.

Don't you feel better now? No me neither.

The recession has been a constant news story for years now.

First it was: the recession is coming
Then: the recession is going to be here soon
Then: its arrived
Then: crap its bad
Then: its got a bit better
Then: its worse

etc. etc. until today.

I may be no expert in these matters - but it strikes me that the worse is far from over. They have quantified that the recession has ended because over the last quarter the GDP grew a little. We did however, have rather a boost from the olympics this summer - making continued growth this quarter seem less than certain.

Also, the whole thing about this being good news for us normal folks seems to be somewhat of a naive attitude.

If the economy has grown and if it continues to do so - this will be by continuing in the current vain of austerity and robbing the poor to prop up the rich.

They aren't going to start giving you more money - cutting taxes, cutting duty, spending more money on public services or actually giving you a worthwhile pension. They're just going to keep on rinsing you for all you've got and watching you work until you die.

So what do I think of the end of recession?

I think its fucking irrelevant.

Rant over.