Liz Truss and her nonsense

Not that I expect anyone to take financial risks, but nobody can say what was wrong with it as a theory as opposed to saying "the market" (vested interests) didn't like it so made sure we never found out whether it could have worked.

No, Kwarteng has said there were elements (specifically liability driven investments) in the market that they didn't fully understand, and that caused the problem. And that had he been more aware, he'd have made different decisions.
He partly blames (and I can see the case for this) experts for also not understanding the effect the mini budget would have on these either.

I understand what was wrong with her budget.

And I think Trump has a better awareness of the audience he's playing to, and how to appeal to them. I don't think she has the same understanding at all. But I would say sexism plays a part as well.

According to The Spectator on the 16th September 2023, it wasn't 'vested interests'

"So in theory, Truss and Kwarteng were correct. In practise, the following points sank them:"

Was Liz Truss wrong – or wronged? | The Spectator

A budget that causes such an incredible meltdown in the financial expectations

That still doesn't answer the question whether what was being proposed could never ever work on a technical level, or couldn't or didn't because the vested interests made clear they didn't want it.

Not that I expect anyone to take financial risks, but nobody can say what was wrong with it as a theory as opposed to saying "the market" (vested interests) didn't like it so made sure we never found out whether it could have worked.

A bit like the age old mantra that to get the best you must pay high wages, which it turns out only applies to senior managers, but never of course to nurses or cleaners.

I think Crispin Blunt’s APPG (all party parliamentary group) did a lot of the heavy lifting, and fed through via Women & Equalities Ministers like A Rudd, N Morgan and P Mordaunt, and Select Committee Chairs like M Miller, to the PM Theresa May who privately ok-ed it.

Then Johnson got in and made Truss his Women & Equalities Minister.

She spoke in the Commons that evening (just in time, I hasten to add) and faced down Crispin Blunt and nutters like Wera Hobhouse.

And then, sadly, Truss went socio-economically mad.

I wonder if a male MP made out on a limb remarks they would get the same response, ie his thick.

Trump says things that are clearly bananas but dont think anyone has every said its because he is thick.

Just in case anyone thinks I am a Truss supporter I am not.

But that's why I asked earlier could any of us explain the financial implications of her budget and why it couldn't work (as opposed to the financial markets making sure it never go to be tried out).

Again not to defend her politics, but I think that people, especially the UK media dont like women who are single minded.

Thatcher being the exception!

I guess that will all depend on what happens next. Will the story get successfully booted out of the public discourse as fake, or will it stick (irrespective of its veracity)?

Fun times. But maybe not so much if you're Liz Truss.
Unfortunately her comments about pork & cheese and her recent-ish interview about her autobiography lend themselves far too easily to fake news about transgender mafias. So easily in fact that it might even end up true 🤦‍♀️

She is just THICK. I don't think it's worth saying anything else about her!
She did some fantastic stuff in relation to gender identity belief, helping to stop it being pushed through legislation as fact. So I don't think she's thick. However, her soundbites sadly do often suggest otherwise.... Anyone for a slice of cheese? 🧀

Its worth remembering that the Tory membership voted for her.

On one level she isn't the issue. She represents how apparently the majority of the Tory members think.

Tory MPs might know they need a more "nuanced" public persona, but doesn't mean behind closed doors they dont admire her.

After all how many of us are actually financially informed enought to say what was wrong with her budget, as opposed (as some say) that the vested interests of the financially markets conspired to undermine her.

Just asking?!

Aren't there some shades of Liz Truss in some of Kemi Badenoch's recent comments ...

Someone smarter than Liz Truss.

She is just THICK. I don't think it's worth saying anything else about her!

So the underground transgender mafia is fake fake news?

On this occasion, the spreading of the fake news is an important story.

It highlights how close to the edge the Tories are when it comes to challenging Labour on gender identity belief. For all the good stuff that has been said and done (including by Liz herself on self-ID and the original document that would go on to become the draft Gender Questioning Children guidance), as a party collective and as individuals within it, they are each a whisker away from being cast as a Trump-style villain.

Apart from Wes Streeting, Labour are prevaricating on the whole subject of gender identity belief, meaning that they can take advantage of anything at all that deviates from their Be Kind facade. Even if it's fake. A good example of this happening previously was when Keir Starmer managed to make it sound like Rishi Sunak had made an attack on trans(-identified) people when Brianna Ghey's mum was in the gallery in parliament. In fact Sunak had made a dig at Starmer, for flip-flopping on the definition of the word "woman", and Esther Ghey hadn't even arrived yet.

(The debunking by Pink News is quite the plot twist too!)

Well anyone who can make the odious Crispin Blunt angry gets my vote, although not necessarily for PM or MP.

There probably is a point to be made about the institutional capture in the civil service on this issue. Probably not best made by Liz Truss though.

I didn’t know that. I’d like to know more about the back room deal, and who was involved, including any who weren’t elected…..

This!

Apparently she didn't actually say this.
Although it does sound like the sort of thing she might have said.
The account that originally started it off on Twitter is a satire account.
Source - Pink News!
make of that what you will.....

https://www.thepinknews.com/2024/10/01/liz-truss-underground-trans-mafia-conservative-conference/

We do.

However...... 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️

It was Liz Truss, under Boris Johnson, who put the kibosh on gender self-ID in the UK, and she did it in the House of Commons facing off an increasingly angry Crispin Blunt MP who let slip that the agreement had all been previously stitched up in a backroom arrangement with the likes of Theresa May, Penny Mordaunt etc.

We owe her that acknowledgement.

Ah, but what did the lettuce identify as?

It was a lettuce that done her in, everyone but her knows it.

Absolutely this! Why is she even given a platform? And why isn't someone with half a brain (if they exist) in the Conservative party shutting her down?
Could it be that she actually has a following after her mini budget cost the country £30 billion? Why isn't she in prison for her recklessness? The woman has no shame.

I was quite happy when she was in America. No offense to American posters, but that country has long served as a place crazy/disgruntled English people could go to and be happy. And lots of Americans love that crazy shtick so it worked well. Why has she popped back up in the UK?