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Saturday, 3 April 2010

Alistair Darling turns hard man but Vince Cable gets all the laughs | Larry Elliott | Comment is free | The Guardian‏

Key:
"Osborne went for the populist approach. Voters knew from their own experience that the "sooner you deal with a debt problem, the better", the shadow chancellor said. "We need to cut wasteful government spending instead of increasing national insurance taxes on hardworking people," he added. That may go down well on the doorsteps in the coming weeks, but it is economic nonsense. If the government cuts spending when households are tightening their belts, it simply leads to lower demand and a longer, deeper recession, as Darling, in one of his better interventions, pointed out."

"If the government cuts spending when households are tightening their belts, it simply leads to lower demand and a longer, deeper recession, as Darling, in one of his better interventions, pointed out.""
Exactly. It's so important and we can't get away from that

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