Thursday, March 26, 2009

Steve Maloney: We need an American version of Daniel Hannan

What if your country held an urgent auction for its massive debt and no one bought it? That happened this week to Great Britain -- and sooner rather than later, will happen to the United States.

We have Barack Obama flailing about, begging to borrow money from Communist China so that he can pay off his political supporters and turn the U.S. into a one-Party system.

People like Senator Judd Gregg and Congressman Thaddeus McCotter are warning that the U.S., "the land of the free and the home of the brave," is beginning to resemble "a banana republic."

We desperately need an America version of Daniel Hannan, Conservative (Tory) member of the European Parliament from Southeast England. On March 24, he confronted Prime Minister Gordon Brown ("the devalued Prime Minister of a devalued nation") and accused him of misleading the people and bankrupting the nation. He spoke the unwelcome truth to power, something no one has yet fully achieved with the self-absorbed Barack H. Obama.

Is Obama the President of the U.S.? He's much more like what poet Wallace Stevens called "the Emperor of Ice Cream." Of course, ice cream looks great, but it melts under the heat of reality and eventually fades away.

I urge you to watch the YouTube of Hannan's condemnation of Prime Minister Brown. Heck, I beg you to do so. (The transcript of Hannan's remarks is below in boldface.)

Mr. Hannan has become the de facto leader of freedom-loving people everywhere. He's almost certainly made Obama's and Axelrod's long -- and distinguished -- "enemies list." We need you in America, Mr. Hannan.

YouTube link to Daniel Hannan's "stripping the bark off" British P.M. Gordon Brown.

Daniel Hannan blogs at:

Following is a short comment by U.S. News and the transcript of Daniel Hanna's excoriation of the hapless Mr. Gordon Brown:

I don't normally delve into the politics of the European Parliament, but this video of Conservative MEP Daniel Hannan stripping the bark off British Prime Minister Gordon Brown is worth noting. ("The devalued prime minister of a devalued government.") Many American politicians might be hearing the same criticisms next year if the U.S. economy is still depressed even as the national debt soars. Here is a transcript:

Prime Minister, I see you’ve already mastered the essential craft of the European politician, namely the ability to say one thing in this chamber and a very different thing to your home electorate.

You’ve spoken here about free trade, and amen to that.

Who would have guessed, listening to you just now, that you were the author of the phrase ‘British jobs for British workers’ and that you have subsidised, where you have not nationalised outright, swathes of our economy, including the car industry and many of the banks? Perhaps you would have more moral authority in this house if your actions matched your words? Perhaps you would have more legitimacy in the councils of the world if the United Kingdom were not going into this recession in the worst condition of any G20 country?

The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20,000. Servicing the interest on that debt is going to cost more than educating the child.

Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words – to pay off debt. But you used the good years to raise borrowing yet further. As a consequence, under your captaincy, our hull is pressed deep into the water line under the accumulated weight of your debt.

We are now running a deficit that touches 10% of GDP, an almost unbelievable figure. More than Pakistan, more than Hungary; countries where the IMF have already been called in.

Now, it’s not that you’re not apologising; like everyone else I have long accepted that you’re pathologically incapable of accepting responsibility for these things. It’s that you’re carrying on, wilfully worsening our situation, wantonly spending what little we have left.

Last year - in the last twelve months – a hundred thousand private sector jobs have been lost and yet you created thirty thousand public sector jobs.

Prime Minister, you cannot carry on for ever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line.

You know, and we know, and you know that we know that it’s nonsense! Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so; the European Commission has said so; the markets have said so – which is why our currency has devalued by thirty percent. And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government.

Steve Maloney

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