He's Making a List, and Checking It Twice

by Dollars and Sense

Not Santa (yet), but New Labour's loathsome Peter (now Lord) Mandelson. The idea of Lord M. being turned into some sort of industrial Dr. Mengele is not a salubrious thought. He's also saying some pretty stupid things, like "Internationally people say to me your prime minister has been transformed. His standing has soared. People really do look to him like some Moses figure who is going to lead them away from this economic mess to the promised land..." From today's Guardian:


Mandelson plans list of firms to save from bankruptcy

Patrick Wintour, political editor
guardian.co.uk, Saturday November 29 2008 00.01 GMT


Lord Mandelson is drawing up plans to choose which businesses and industries are important enough to be saved in the event of their going bankrupt as the recession bites, the Guardian can reveal.

In his first newspaper interview since returning to the cabinet, the business secretary said he planned a more interventionist policy for industry.

Company data such as the number of employees, the importance of the firm's research and development and its performance were likely to be factors in deciding which businesses should be given government aid.

Read the rest of the article

Labels: bailout, financial crisis, Peter Mandelson

 

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11/29/2008 02:06:00 PM