McDonnell's Speech - Barnstormer. Panic in the usual circles

[claig]

Stunning speech by John McDonnell.

Elite in panic, 1% ers at a loss of what to do.
BBC probably instructed to try and stop the people.
Crisis meetings in gentlemens' clubs.
Directors, Director Generals, Lieutenants, Sergeants, Lords, Ladies, Barons and Baronesses in meltdown.

Teenage whizzkids at Oxbridge wooed with whopping wonga to staff think tanks whose aim is to stop the people.

All luvvies' leave cancelled, metropolitans told they have a mountain to climb to stop the people.

McDonnell, gamechanger? You betcha.

Elite already practising their pitch, sharpoening up their spin, calling all their luvvies in a last ditch attempt to stop the people. They'll be on TV tonight, the Tory-lites trying to do what the elite think is right, to stop the people with all their might.

Can the people win? Can they see through the luvvies' spin? Will they put the luvvies in the bin?

Jez they can!

Are you on glue?

Gluhwein

The top 1% of earners starts at about £100k and they earn about 13% of national income. Given the government spends about 42% (and more under JC), they would need to be taxed at 300% - assuming none leave.

If you want to tax wealth at this level, then all the billionares will leave. Over half of them made thier money abroad and are currently paying uk tax .
Look at the Laffer curve, higher tax rates raise less money.

'If you want to tax wealth at this level, then all the billionares will leave.'

Don't believe it. That sounds like a Piers Gaveston argument. We bailed the banks out to the tune of billions. A steel factory has just shut with 1700 jobs gone. If we used the country's money to bail out the people instead of the lobbyists, we would all be better off.

Don't forget that Donald Trump is going to tax the rich at that type of level in America and he will force trade deals that cause a resurgence of US busineses and jobs. The Piers Gaveston probably won't like it, but I suspect the American people will love it.

Paul Mas on Channel 4 News says that China supports their steel industry.

But as usual here, we don't support many of our manufacturing industries but support City lobbyists. Mason says our political parties will have to decide whether we want a steel industry. I don't know if the Piers Gaveston want one, but I think the people do.

I think we will see a Donald Trump style rejection of Free Trade Agreements and a beginning of protection of American industry and American jobs as Trump says he will bring jobs back to the US and countries such as China will respect Trump. That will spend the end of the gravy train of the political class across the emtire world and will also spell the end of the political class's EU.

McDonnell is just a small cog in this people's world and if he is smart and understands the working class, then he will be up there with Trump in the world that is coming.

Sorry McDonnell must understand the middle class in order to succeed. We will have to wait and see if he is up to the challenge and whether he can join Trump in the global people's revolution.

Donald Trump has as much chance on becoming president next year as I do. There are also more than 2 countries in the world for the rich to move to.
Bailing out the banks saved the poor a lot more than it saved the rich. If it had not happened many businesses would have gone under and many more would have lost jobs - look at the 30's depression.
Why should we support expensive UK steel - 1,700 workers save jobs, 65 million Britains pay more for steel products, less food and spending money for the poor.
The only way to cause a resurgence of US jobs through trade deals is import duties. The US did this recently with stopping Chinese sales of steel. This saved US steel jobs, but cost more US car
manufacturing jobs because the high price of steel made the cars less competitive.

I'm rooting for JC but theres still a question of bad choices from his past

'Donald Trump has as much chance on becoming president next year as I do'

Watch this space. It is possible that Trump is a phoney candidate to help Clinton, but we don't know yet, he may be for real and if he is, he wil ltrounce the Establishment political class because people in America are just like people here and have had enough of the puppets and the lobbyists.

'Bailing out the banks saved the poor a lot more than it saved the rich.'

No, it saved the rich and the poor paid to save them. Austerity was imposed on them in order to bail out the rich. It was the biggest handout of public money to private hands in the history of the world and the people didn't have a choice in the matter as the political class were "all in it together". We have had the longest period of low growth for a century.

Paul Mason showed City buildings going up using cheaper foreign steel. We should protect our steel industry and use it for projects within this country in order to maintain our industry and maintain jobs and tax receipts from them rather than having to pay for unemployment instead.

'The only way to cause a resurgence of US jobs through trade deals is import duties. The US did this recently with stopping Chinese sales of steel. This saved US steel jobs, but cost more US car
manufacturing jobs because the high price of steel made the cars less competitive.'

Yes, but Trump is like Farage, he is not Oxbridge or PPE. Trump wil impose duties on cars manufactured with cheaper steel in order to protect American industry and American jobs. Trump is for the people, he wants to "make America great again", he is not a piuppet politician in the usual style. And what Trump does will spread like wildfire across the entire planet and puppet politicians will fall from power like skittles across the EU and everywhere else. Corbyn's election is a sign that times have changed, that the people are back and the Blairites, the puppets and the elites are on the backfoot.

Claig any sensible economist will tell you trade barriers do nothing but impoverish a nation. It will only make the US rich richer. The additional costs imposed on the poor far outweigh any benefits to subsidised workers.

I think this is teh elite's mantra - globalisation. But even there the elite are in retreat and the people are back.

"Borders are closing and banks are in retreat. Is globalisation dead?"
...
Globalisation is under attack. It was meant to be the unstoppable economic force bringing prosperity to rich and poor alike, but that was before the financial crisis ripped up the rulebook.
...
And where politicians are pushing for renewed trade liberalisation – in the transatlantic trade deal known as TTIP, for example – they are facing a powerful public campaign from consumers nervous that multinationals will be handed too much control.
...
Ann Pettifor, of thinktank Prime Economics, says the impact of the financial crisis has led the public to feel they need protection from the ravages of the markets – an instinct described by the economist Karl Polanyi in the 1930s and 1940s.

“It has made us more inward-looking and more nationalist,” she says. “Polanyi said what people were looking for was protection from the markets – from these forces that appear to be beyond our control.” Pettifor argues that the resurgence of Scottish nationalism, rising support for the Front National in France, and the election of the radical Syriza government in Greece, can all ultimately be traced back to some version of this impulse.
...
And just as governments have not always been good at protecting their citizens from rapid inflows and outflows of foreign money, the failure to shield workers from foreign competition has also undermined faith in globalisation.
...
But globalisation has also become a scapegoat for mass layoffs and stagnating wages among workers in some developed countries, as manufacturing jobs have been shifted offshore.

That argument has been particularly powerful in America, where trade unions have fought against further trade liberalisation. “I have always thought that the greatest threat to globalisation is the US,” says Bergsten. He believes public scepticism has been fuelled by his country’s lack of an effective social safety net – the limited support for workers who lose their jobs.

“The US is a big winner from globalisation, but within that there are probably millions of losers, and they don’t have anywhere to turn,” he says. In Europe, it has been migration flows – a different aspect of global economic integration – that have caused controversy.

www.theguardian.com/business/2015/may/23/is-globalisation-dead-borders-closing-banks-in-retreat

The world is changing. Trump will change it, Farage will change it and McDonnell will change it. The gravy train of the political class is over, the people are back. The myth of the elite's globalisation agenda is on the rocks and Trump will end it.

“I have always thought that the greatest threat to globalisation is the US,” says Bergsten."

I love claig. It's like a machine automatically generating posts randomly using 'elite, PPE, Oxbridge, Gaveston, the people, metropolitan, Harvard, blah...'

'Wouldn't Osborne have collected it already if it was there?' Of course not. He doesn't want to ask companies to pay more. That's 'bad for business'. Who was it said paying taxes was for the little people?

"Donald Trump slams Pacific free trade deal

Donald Trump has lashed out against President Obama's plans to create a free trade area across the Pacific.
...
But Trump believes the deal would hurt U.S. businesses, particularly manufacturers, and put people out of work."

money.cnn.com/2015/04/23/news/economy/trump-trade-deal/

It is all coming to an end, Trump will change the world and puppet politicians across the world are in panic as they try to obey their elite masters in stopping the tide towards Trump. And Trump will end their global warming game too.

Fox News is against Trump, the Republican Establishment is against Trump, the elite are in panic over Trump, but as ever the people are with Trump.

' 'elite, PPE, Oxbridge, Gaveston, the people, metropolitan, Harvard, blah...'

You missed out luvvies

Piers Gaveston is a new addition to the list. Before last week I had never heard of the toffs and in some ways it would have been better not to have heard of what they get up to.

I love claig. It's like a machine automatically generating posts randomly using 'elite, PPE, Oxbridge, Gaveston, the people, metropolitan, Harvard, blah...'

The mantra the times sounds like a soundbite in overdrive

*at times

It is all coming to an end, Trump will change the world and puppet politicians across the world are in panic as they try to obey their elite masters in stopping the tide towards Trump. And Trump will end their global warming game too.

Back in the real world...

McDonnell has just said on Newsnight that income tax is not his main area of interest and he doesn't see it as going above 50%. Excellent stuff, he will not hit the people and the middle classes. I hope he hits the charidees but being politically correct I doubt he will have the courage to do that.

"Back in the real world..."

"Donald Trump sparks GOP establishment panic: State parties plot to derail surging campaign

State leaders' plans are the latest sign that the Trump phenomenon is no flash in the pan "

www.salon.com/2015/08/25/donald_trump_sparks_gop_establishment_panic_state_parties_plot_to_derail_surging_campaign/

You have to understand what Trump signifies. He signifies that the game is up. The Establishment and global warming mandarins are in meltdown. They know Trump won't have any truck with crap.

We still don't know if Trump is part of a conspiracy to help the politically correct Clintons. But if he isn't, then the gloves are off and from the panic in Establishment circles, it looks like Trump could well be for real and that the people are back.

McDonnell has bottled it. He is not going against globalisation. He is all spin unfortunately. He hasn't really thought anything through. He is all about "reviews" to tell him what to do because he hasn't got a clue. Both Corbyn and McDonnell are showing signs of bottling it under Establishment pressure from Labour grandees. They have backtracked and bottled it over lots of issues now as the Establishment turns the thumb screws on them. Neither of them have the courage to do "straight talking honest politics" like Farage.

The only hope is Trump. We will have to see if he wins.

Evan Davies thinks it is going well for Corbyn and Allegra Stratton disagrees and says it is not going well for Corbyn. I think she is right. Corbyn and McDonnell are bottlers, they don't even have the courage to answer straight questions like Farage does for instance Corbyn on the national anthem.

As time goes on, the Establishment will reel them in hook line and sinker. They are giving the team that needs endless "reviews" to make up their minds, enough rope to hang themselves.

For the first time ever, I agree with Blairite McTernan. McTernan said that he has no idea what McDonnell is doing apart from "consulting". This is Oxbridge Labour Big Conversation all over again. McDonnell hasn't got a clue, he has to "consult" and have a "review" to know which tie to wear.

It's back to Farage.

Is McDonnell a PPE?