Thursday, February 26

Right Said Fred

A CONTRACT is a contract and as sickening as this sounds it is allowing Sir Fred Goodwin, former RBS chief, to walk away with a disgusting £650,000-a-year pension.
RBS has posted massive losses - the worst in history though this is still less than predicted.
But Sir Fred was bred under a system which rewarded failure as much as gain.
Now, it is all good and well to moan and point to him and use Sir Fred as the scapegoat for banking's failure.
But he is merely cashing in on what was promised.
It is sickening, it is wrong, but it is too late and Government ministers should quit moaning about it and make sure this NEVER happens again.
See Sir Fred in action:


Friday, February 20

A Funny - Draper v Dale

Here at Better Politics we like to stay out of online spats such as the on-going tit-for-tat stuff involving Labour's Derek Draper and the Conservatives' Iain Dale.
But this video spoof of Downfall is sure good value.

Supermassive Black Holes

IT'S time that we as tax payers stop forking out millions and millions to the pension pots of local government schemes.
Better Politics knows of one local government scheme in England which has a growing deficit of £25 A SECOND - that equates to over £2m a day. Yes, the stock market has gone down but even the scheme's own financial expert does not think it can come back to parity - it is currently £2.1bn in debt. He says there's only a 35% chance of this happening in the next 20 years!
And who pays for this in trying to plug a dying pension system? Well, surprise surprise, it's us - the tax payer. We are the mugs - again.
One pension expert thinks that one day there will be nothing in the pot left to pay out pensions. This, though, will never happen while the Government guarantees these dying gold-plated systems based on final salaries.
No one in the private sector these days can retire on final salaries yet council officers can.
We pay around £35 a year from our council tax bills to go towards other people's pensions - it's not on and it needs changing now.

Sunday, February 8

Bankers v Politicians

Darling knows how he does it but the next in line for vitriol are the bankers (again!). This time, quite rightly, RBS.
Yes, it is disgusting that bankers, who are failing spectacularly, want to continue paying themselves big bonuses in such an economic climate.
But what on earth can Darling do? He's clearly angry that we've just bailed out RBS for £20bn abd £1bn will be paid out in bonuses. This is bloody annoying.
But we need to be serious when tackling this and start to bring back teeth into government before making empty threats.
RBS should be ashamed of themselves, of course, but let's see action before we go into rant mode on Sunday morning television.
My answer would be to threaten to withdraw our hard-earned tax pounds in any bailout.