The Fourth Way (2); Charlie Bean.

I did not watch but I have read every word of Miliband Junior's speech. I thus do not know how it played to the faithful, including the BBC. From reading it all I can say is that it started off well but then deteriorated as it went on and on and on, failed to hang together and contained no surprises. As for his claim about being a proponent of new politics all I can say is that if that is new politics it is not only very boring but it looks excessively like old politics. As a Tory his praise of the 1945 Labour Government, of Harold Wilson, of Tony Blair and Gordon Brown is misplaced to say the least of it. Labour was and remains a cuckoo in the nest and the sooner it quits the scene the better for all of us.

Better also for all of us in this country would be the instant dismissal of Charlie Bean. What an extraordinary, arrogant and stupid thing for him to have said to people who have saved that they should now spend, spend, spend to help the economy. That is what Brown did and look where that has got us. Come on Osborne get rid of this idiot. The Labour Government, the  Bank of England and the banks have failed us. The Labour Government has gone as a result but what about the Bank of England and the banks? If banks are too big to fail then at least the senior individuals in them should not be protected. Why has not a law been passed to sack the senior executives of both the Bank of England and the banks we now own without any compensation and to ban them for life from taking any other job in the financial sector.  Savers have to be protected and should be compensated for the loss their savings have incurred by the Bank of England's crazy Quantitative Easing policy.