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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: maceng2 who wrote (21350)	1/14/2005 12:24:38 AM
From: maceng2	Read Replies (1) of 116555

Some of the UK's opposition parties comments. The conservative parties comment will be drowned out though imho. The opposition, however, accused the government of blurring the facts. Liam Fox, Conservative Party co-chairman, told the BBC that Blair had been selective with the figures, and was no longer credible. Labor, he said, had promised not to raise taxes yet had done so 66 times, and had massively inflated "stealth" -- deliberately hidden -- taxes such as council tax, which had gone up 70 percent since 1997, and pension tax. Because of Gordon Brown's "black hole" in the budget -- a possible $18 billion shortfall in Brown's calculations frequently cited by economists -- taxes will have to be raised after the next election, Fox charged. "The big question is: Do you actually believe anything the prime minister says on this?" he asked. washtimes.com All the "feel good" data is just B/S imho.

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