Monday 4 May 2009

Maybe Obama is himself the solution

Thank God the Americans now have a President they can feel good about. He inherited the perfect storm of a mess on the economic front and he has wasted no time in rushing through measures such as the stimulus package. However, it is still too early to see results. Yet 100 days into his Presidency 70% of Americans like him as a person and 60% like how he is handling the job. Since a major factor in how deep this recession goes and how long it lasts is business and consumer confidence, this "feel good factor" may be enough in itself to tip the balance in the right direction.
Here in the UK we are not similarly blessed. With GB it is less "feel good" and more "feel sick". This is a lesson for the Tories though - re-branding themselves as the austerity party may chime with the times, but we also need a little inspiration. Dare I say it, a little hope.

Friday 1 May 2009

Despite the recession, Government governs best when it governs least.

I have argued in an earlier post that the recent banking failures that triggered the recession were as much a failure of appropriate regulation as of the market. The key words here are "appropriate regulation". Here in the UK the Government seems to have responded not by fixing that specific omission, but by gleefully spreading the tentacles of interference yet further into our business and lives. "We don't know how to fix that problem, so lets look busy "fixing" something else".


A classic example is the dramatic difference in "public information" style advertising here compared with the US. For one effective advert (like the stroke awareness campaign) there must be ten that just make you scratch your head in disbelief. (Do we need Government to tell us not to leave a hot cup of tea within reach of a toddler?) It is depressing to learn that the Government is the single highest spender on media space in the country (outspending even Proctor and Gamble). If the Tories need to find some quick efficiency cuts that would be a good place to start.


What has driven me to write today though is The Equalities Bill - or as The Week puts it "a charter for pen-pushers". This is being introduced by Harriet Harman (a one woman job creation scheme - her own job that is) and amongst other things it will impose on public bodies a "duty" to award contracts wherever possible to firms that employ the most women and ethnic minorities etc etc. I do not believe that positive discrimination is the way to solve the inequalities in our society - the result is a dumming-down that benefits nobody. Nor can you legislate "niceness". The aims of the new law include opportunity for all and an end to all social divisions. Oh and could we have more sunny days too please?