Word: thatchers
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...Prime Minister Margaret Thatcher, the vicious struggle between left and right that erupted at the Labor Party's annual conference in Blackpool could not have been better timed. The growing discontent within her own party and even her own Cabinet was muted as the Tories, meeting last week in the seaside resort of Brighton, closed ranks to crow over their bitterly divided opposition. Exhorted Thatcher: "Let Labor's Orwellian nightmare of the left be a spur for us to rebuild the fortunes of this free nation...
...cars in British Leyland's own market by investing wisely in new capital and research and development. Putting the blame for Britain's problems on government spending alone is cloud-cuckoo emotionalism and bad economics. It wins elections but doesn't run countries. According to Mr. Frost, only Mrs. Thatcher's strong stands on such questions as immigration and law and order--the sort of tea-and-cake, go-for-the-heart issues that woo British working-class voters the way the Moral Majority courts U.S. workers--have kept her from slipping too much in British public-opinion polls...
FROST CLOSED HIS speech by drawing parallels between Reagan's economic beliefs and those of the Thatcher government: tax cuts, deregulating industry, cutting government spending. He gave Reagan and his staff good marks as fellow monetarists. But he cautioned that opposition would be stiff, especially during the first year, and warned that fiscal policies "could be defeated before they're started" unless the forces were well-marshaled beforehand. It was probably the best news of the afternoon...
Fortunately, Americans have a few weeks before they have to decide whether to grab for the monetarist pot of gold. The failures of the Thatcher government in its first year should alert us to the dangerous consequences that can result from the application of "economics-made-simple" to complex national problems. Perhaps then we should pay more heed to the words of the 4000 unemployed who picketed the Brighton conference than to Thatcher's cutesy, Reagan-like pun, "The lady's not for turning." Once you hold your breath and take in your belt for the ride down the monetarist...
...FOLLOWING SCENARIO then becomes absurdly likely: Trudeau flies Air Canada to meet Margaret Thatcher, and the rest of the premiers traveling overseas on Canadian Pacific Air to lobby the British parliament. Sending a delegation to Britain in an attempt to stymie Trudeau may have its laughable side, but the hardline premiers will not easily give up the idea even if Trudeau makes further concessions...