Wednesday, April 02, 2008

Keynes would have been proud

I was delighted to hear this piece this morning on the way to the hamster wheel. Confirmed my suspicion that the goons running this nut house have actually returned to the 'post-war' consensus - or Keynesian idiocy as it ought to be known.

I'm sure they would call it investing - but like a sub-prime debt speculation - one thinks this doesn't really add value at all.

Last year 2.5 Million holes were dug, one for every couple of hundred yards of road - and yet the backlog is longer than these idiots have been in power.

Staggering.

Spending your tax pound wisely.

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