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Post by flatandy on Jan 28, 2009 10:02:34 GMT
www.guardian.co.uk/politics/2009/jan/27/pfi-deals-bsf-government-underwritingSometimes it really is hard to think of a more spectacularly retarded government. What on earth is the point of financing these things under PFI if the government is underwriting the risks anyway? Isn't that throwing away the one, tiny, benefit of PFI, and basically just giving cash to Crapita-type companies? The PFI is hateful. Government bail-outs to industry are pretty hateful. But this really is biscuit-taking.
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Post by minge tightly on Jan 28, 2009 10:21:21 GMT
More money down the plughole.
Still, throwing as much money as possible at a problem and keeping your fingers crossed seems to be the Nu Labour method
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Post by flatandy on Jan 28, 2009 11:01:24 GMT
If only it was money down a plughole.
But this is worse. This can't offer any conceivable benefit. The projects will go ahead anyway, the choice is just whether the money comes from PFI or from government. This is literally just shovelling cash into the maw of big business, but with no conceivalbe benefit even in Keynesian terms.
It's purely stupid.
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ricklinc
New Member
Nostalgia
Posts: 2,597
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Post by ricklinc on Jan 28, 2009 11:13:10 GMT
Nonsense. Gordon Brown is the best PM in Omnipresent's living memory so this must be the right thing to do. Any doubts about that are simply right-wing hysteria. Anbody who suspects that nu labour are actually a bunch of clueless idiots who are trying to hand off the tedious business of actually getting anything built to thieving fcukers who just take the money and whine for more is obviously Margaret Thatcher.
All those people working for the government and so few of them are actually in the business of actually doing anything other than just push paper around.
One of the outstanding comments I ever heard was made to yet another manager as I took him on a tour of a steel plant. One of the old machine drivers told him, "We don't want you. We want some fcuker with a bag o' tools."
That comment often occurs to me whenever I hear about yet another fcuking department set up to do something ineffectual about something unimportant. And that seems to have been Nu Labour's entire fcuking policy.
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Post by tarrant on Jan 28, 2009 12:43:50 GMT
I can't understand how anyone, with the most basic knowledge if the PFI could fail to see that it would end as a bottomless pit for public money.
To allow factoring fees to be based upon building and maintence costs is insanity.
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