The Conservative Party is getting Google boss Eric Schmidt to fill a seat on its Economic Recovery Committee. The group will meet fortnightly, we are told, although we're betting Mr Schmidt might not be around quite so often. The Committee will be chaired by party leader David Cameron or, in his absence, by shadow chancellor …
A totally service based economy..
What could possibly go wrong?
Flogging advertising space, it's the future !
this is my title
Yeap great idea get a load of highly paid business men to sort everything out, they must know the answers as they got us in deep in the first place and its not as if they are isolated from the real world by the millions of pounds they earn each year. And the millions more they get when they cock up and are asked to leave.
Well I hope it works if only to get rid of the current lot.
Redistribution of wealth?
Good job Eric Schmidt didn't get in bed with Nu-Labour: freeze Google exec's bank accounts under any convenient anti-terrorism legislation and transfer funds to UK Plc. Crisis over.
Just a name to put down.
Obama has used him as well. Basically they can say to the voters, look we're asking the most successful business people so they must know what they're doing.
In effect this means nothing except to grab a headline as no-one really has a clue about economics, it's not a science or a maths discipline and quite frankly it's about as reliable as that other science of yester-year Astrology.
There's nothing anyone can do really, except bring forward government projects and get the banks lending again to businesses so that it will help to keep people out of unemployment and therefore hopefully still acting like consumers rather than feeding into a downward cycle. That's obvious and straightforward, beyond that it's BS.
Face it, the economy has to retract over the next two years as a consequence of a bubble economy based on debt deflating.
Have you seen the calibre of the people involved?
At last all people in the UK will be able to sleep blissfully now (or so they hope?)
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