The Govenors Speech to the TUC

I quote from Mr King's speech to the TUC, "After a decade-and-a-half of stability, with rising employment and living standards, came the crisis and recession - the biggest economic upheaval since the Great Depression."

What bulls**t! - There was no stability, the economy of the whole period was a house of cards built on sand. Mr King is attempting to fudge the fact that the Bank of England and Treasury had no control over and no vision of the international banks selling each other completely worthless stocks and bonds for more than a decade.

Further more this rising employment he talks about was masked by the fact that on one hand some people were losing well paid jobs and whilst on the other they were replaced in the overall figures by more people in lower paid jobs, how else can Mr King explain that the gap between rich and poor getting wider every year. If the jobs available were improving every body's wealth fairly, the gap could not be widening, could it?

And finally the gross national living standard as a statistic may have risen, but only because the minority at the top are getting far more of it than their fair share. That's the only way his statement can stack up. Talk about spin, he would be better off working as a gyroscope!