Breaking News

Sunday, September 21, 2014 - 9:06pm
Neal Barton's POV

Goodbye to Lady Thatcher

Goodbye to Lady Thatcher
MGN-Online
POV

POSTED: Tuesday, April 9, 2013 - 1:29pm

UPDATED: Thursday, April 11, 2013 - 1:01pm

Margaret Thatcher was a force.

The first female prime minister of her country. She inherited an England which tried to spend it's way out of bankruptcy.

It was called the "sick boy of Europe" in the 1970's when she took over.

As bad as it was there were still people who thought she was crazy when she
said enough is enough.

Her motto was this :

"You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot help the wage-earner by pulling down the wage-payer."

She said that all the time and of course the Labour Party would go nuts because she knew and proved that throwing money at a problem will not always work.

In fact she also used to say, "The problem with Socialism is that sooner of later, you'll run out of someone else's money."

"The Economy" newspaper reported, and it was a fair summation of her thinking, "Mrs Thatcher believed that societies have to encourage and reward the risk-takers, the entrepreneurs, who alone create the wealth without which governments cannot do anything, let alone help the weak. A country can prosper only by encouraging people to save and to spend no more than they earn."

There are those who are celebrating her death. Those who think she still should have spent more and kowtowed to labour more.

But, in the end she was proven right.

"You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot help the wage-earner by pulling down the wage-payer."

Think that's too rough, she stole that from Abraham Lincoln, who said it first.

That's my point of view, what's yours?

You can email me at pov@ketknbc.com or Facebook me at KETK Neal Barton.

Comments News Comments

She sure had to put up with a lot of sexist garbage. She hated "Attila the Hen" but didn't mind "Iron Lady". Or so I've heard. A lot of the sexism came from her opponents, but surprisingly large amounts of it came from within her own party. The Falklands war proved great for her at a time when she was facing so many challenges from her own party. President Reagan helped her out immensely with it, against the advice of that arrogant Alexander Haig. Just random musings here.

Those who control history determine the future. Economic historians will explain that the 1970's were as important to the present world economy as was the Weimar Republic which caused WWII. As we abandoned the gold standard and began printing wealth, England too engaged in this inflationary practice. Thatcher tried to no avail to stop the presses as did Reagan here in the US. In a move to duplicate Hitlers dream of a uniform European economy the ECB created the Euro.

British Pound inflation could not compete against the new Euro and many (George Soros) shorted the Pound which caused the collapse of the Bank of England. This now the US fate only attenuated as we are the world's reserve currency. Thatcher, like Conservatives today, knew the outcome liberal fiscal policy, but no nation can survive a banking system not in lockstep with national security. While many look to the President, he is but a pawn to the actions of our Central Bank, the federal reserve.

She was known as ‘Attila the Hen’ for her no-nonsense conservative views. She, like Reagan, will be missed.

My favorite Thatcher quote is, “The problem with socialism is that you eventually run out of other people’s money.”

And in Europe they pretty much have (and here to.)

... and a great lady was she. One of the finest Prime Ministers since Winston Churchill.

Post new Comment