European Parliament Member Rips UK Prime Minister A New One (Video)
Hannan calls Brown "the devalued Prime Minister of a devalued government." "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," says Hannan. "Servicing the interest on that debt is going to cost more than educating the child. Now once again today you tried to spread the blame around." "You spoke about an international recession, an 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 to 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 waterline under the accumulated weight of your debt... Now it's not that you're not apologizing. Like everyone else here, I've long accepted that you are pathologically incapable of accepting responsibility for these things. It's that you are carrying on willfully worsening our situation wantonly spending what little we have left." "Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund the unprecedented engorgement of the unproductive bit." "You cannot spend your way out of recession or borrow your way out of debt. 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, I have to tell you, 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 30%, 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." Check out the full speech below:
Member of the European Parliament Daniel Hannan dresses down the UK Prime Minister in a speech during Gordon Brown's visit to the European Parliament this week.
March 26, 2009 | |
