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Article: BY GEORGE! How Osborne turned from being a widely mocked liability into the visionary who could rescue Britain PLC; PETER OBORNE ON POLITICS AND POWER.(Features)
- Article from:
- Daily Mail (London)
- Article date:
- September 19, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: PETER OBORNE
WHEN the economic crisis of the Seventies was at its darkest, the Conservative thinker and politician Sir Keith Joseph stepped forward with a series of great speeches that reshaped British history.
Displaying extraordinary moral and -- at times -- physical courage, he challenged the conventional wisdom that the answer to every downturn was to embark on yet more public spending.
He argued that while pumping money into the economy might create jobs in the short term, in the medium to long-term it was destructive of growth and employment.
This message was deeply unpopular. When he went to public meetings, he was often ...