Tag Archives: Marxism

Dec 13 2019

The British Election – Socialists Lose Big Time


Armstrong Economics Blog/BRITAIN

Re-Posted Dec 13, 2019 by Martin Armstrong

Conservatives are now in full control of Parliament, and Britain took one major step closer to leaving the European Union. The socialist Jeremy Corbyn said he would not lead the Labour Party in another election. All the hype about socialism and how they have been so vocal has resulted in what our computer has been projecting – not this time. There has been a shift extremely left in many elections including those in the United States. But for all the noise, yelling, and screaming, socialism is dying.

The British election was called because the opponents of BREXIT did everything in their power to obstruct the democratic result of the referendum to leave the EU. They had the audacity to claim the people were too stupid and did not understand what they were voting for because the politicians have continued to want to surrender British sovereignty to Brussels while for some they would lose their pensions.

While the election began as a second referendum on BREXIT when the polls showed that the Conservative Party of Prime Minister Boris Johnson was well ahead of Labour, the Labour Party did what politicians are great at – tried to change the subject. The Labour Party, led by Jeremy Corbyn, turned the election away from BREXIT, which he knew he would lose, and transformed it to the claim that the Conservatives would sell Britain’s National Health Service to Americans. That was really absurd since the U.S. government cannot deal with Obamacare yet they were going to take over Britain’s failing health system?

The significance of this election is demonstrating the rising frustration with governments. As they say, it is better to deal with the devil you know and in that case, it is British Parliament. The British people have no right whatsoever to vote on the policies coming from Brussels. The British government loses every time in any dispute with Brussels. It has been simply a relationship that has never enjoyed mutual respect.

 

Dec 13 2019

The British Elections & US 2020 Election


Armstrong Economics Blog/Politics

Re-Posted Dec 13, 2019 by Martin Armstrong

There has always been a very interesting correlation between British politics and American. Margaret Thatcher became Prime Minister on the 4th of May 1979. Ronald Reagan was elected on November 4, 1980. The BREXIT referendum took place on the 23rd of June 2016. Donald Trump was elected on November 8, 2016. The political trends have begun in Britain and then spread to the United States like a financial contagion. That makes perfect sense because the political trends are indeed set in motion by economics.

Now we have the December 12th British election with the end result was a crushing defeat of socialism in British history. Boris Johnson’s Conservative Party would have a majority of nearly 80 seats, which is the largest Tory margin since the days of Margaret Thatcher. Meanwhile, what took place on the opposite side was the worst result since the 1930s for Labour. We may indeed see the same outcome with the Democrats who can’t seem to come up with a middle of the road candidate.

Despite the fake news promoting socialism and climate change, the Labour Party could not deter the true sentiment underlying the trend these days – the people are fed up with the same promises from politicians that never seem to materialize. Promising to tax the rich never seems to lower the taxes for anyone else. All it ever does is line the pockets of politicians and in the process still leads to highs costs and a lower standard of living for the average person. Nobody ever proposes lowering the cost of government. It just borrows more and more and never pay anything off.

While in Britain the immediate consequence is that, for the first time since the referendum of 2016, there can no longer be any question that the British people want to leave the European Union. The politicians have been lying to the people all along. The truth is that the people would be subjected to absolute tyranny from Brussels for they would have no right to vote where they would ever be able to change the policies impacting their lives. The European Commission never stands for election and the European Parliament has no power to draft laws.

The impact for the British election is a warning sign that the Democrats have lost their way just as Jeremy Corbyn of Labour who was forced to step down as the leader of the Labour Party. The promises of Corbyn similar to that of Elizabeth Warren and Bernie Sanders. If the Democrats continue down this path of socialism, our computer is warning that they too will suffer the same fate and as I have made clear, there remains a serious risk that the Democratic Party will self-destruct, split between moderate Democrats and the extreme left who seem to be drunk their own fake news and like Labour, assume the people are too stupid to figure out the truth.

Dec 13 2019

Wakey Wakey – Exit Polls Show Landslide Conservative Boris Johnson Win in U.K. Elections – Open Discussion Thread….


Re-Posted from The Conservative Tree House on December 12, 2019 by 

A “landslide”, a complete “wipe-out”, a “massive victory” appears looming for Boris Johnson and the conservative party in the U.K. if exit polls are accurate.

These blowout results guarantee a faster Brexit from the European Union and the leftist labor party in the U.K. has been crushed.  Conservatives look to have picked up 50 seats and Labor has lost 71 seats; the Scottish National Party (SNP) has picked up 20.

The “Remainers” in the U.K. have been decimated, and the voters who want to “Leave” the EU have fueled a massive victory for Boris Johnson.  Liberal heads are blown-out, bigly.

(Via Daily Mail) Boris Johnson hailed his new blue-collar Tory army tonight as it emerged he is on track to secure a staggering landslide in the election battle – with Labour’s ‘red wall’ of Brexit-backing strongholds imploding.

A dramatic exit poll shows voters handing the Tories a massive 368 seats, with Labour languishing on 191 – down 71 on 2017 and the worst performance in modern history.

The bombshell numbers would give a huge Commons majority of 86, the biggest since Margaret Thatcher’s triumph in 1987, and are equivalent to a 10-point lead in the popular vote. (more)

This result also has massive ramifications for a U.S-U.K trade deal; and subsequently major leverage for the U.S. (independently) and a U.S. – U.K. alliance in future trade negotiations against the European Union.