Word: callaghans
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...think the momentum of justice, democracy, majority rule and true African liberation can be stayed by pious, self-serving pronouncements of conversion to "the true faith" made by diplomatic poker players like Kissinger, Callaghan and Ian Smith/John Vorster, you are crazy. More to the point, you are demonstrating to the Third World tunnel vision and psychopathogenic shortsightedness characteristic of a ruling class that is fading from the mainstream of man's historical evolution...
Macmillan was not the first to offer such a solution to Britain's problems. Ever since the pound took its disastrous nosedive during the last days of September-thereby forcing James Callaghan's Labor government to ask for yet another $3.9 billion loan from the International Monetary Fund-Britons have been treated to a Cassandra's chorus of elder statesmen appealing for a government of national unity...
Laborites and even some Tories dismiss the coalition talk as partisan. "Old men's twaddle," snorted George Gale, the crusty columnist for the Daily Express. "What is being offered in all this talk of 'government of national unity' is yet another dose of escapism." Callaghan's predecessor, former Prime Minister Harold Wilson, told TIME that he opposed such a plan in peacetime because a national government "almost invariably produces fudged decisions." Moreover, Wilson added, the inclusion of Tories in the government would jeopardize the tenuous working agreement between the Callaghan government and the unions and lead...
Last week's sell-off was attributed mainly to the perception of international bankers and investors that Callaghan's Labor Party government, split between warring radical leftists and moderates, was less serious than it professed to be about applying stringent policies for controlling inflation. Those policies -among them wage and price controls -were effective up to a point; the rate of inflation has been slowed from 23% a year ago to 13.8% now. Also, Healey has announced ambitious plans for even more cuts in the 1977-78 budget...
...Callaghan and Healey had put their fingers on the problem, and their leftist adversaries knew it. Despite their catcalls, the Laborites voted overwhelmingly to support Callaghan's policies and the decision to seek the IMF loan...