The Prime Minister vs. The Blob: Liz Truss’s 44 Days in Office

[@billpomfret774]

1) She wasnt strong enough 2) She hadnt built a strong enough support base inside the party. 3) The party is overrun with people who are just extensions of the blob not conviction Conservatives

[@shaun906]

she didn't go far enough? just another vacuous argument to justify her actions I remember what SHE did every time I pay my mortgage

[@ssuwandi3240]

She brought Britain to secure first European country's access into one of the world's largest free trade Trans Pacific bloc by total GDP (13.4% of the world's GDP)

[@shaun906]

@@ssuwandi3240 we had it already, in the EU. this was about filling their pockets by betting against their own country. bunch of thieves and lying traitors. the tories and the rejects in deform shouldn't never be trusted with our country again.

[@Asterix78614]

She would have succeeded had sh persisted as Trump did, who was impached twice and had over 100 cases against him and on who 2 assassination attempts were made and who the entire mainstream media were against. She beat Rishi Sunak to become leader and she did have the mandate, but like Jeremy Corbyn, she compromised with the enemies within. In Corbyn's case, he compromised with Kier and the blairites and they stabbed him directly in the front and back. Kir Starmer and elements within the Tory government like the status quo and want a bigger government and higher taxes and higher cost of living and most importantly protect the interests of Central Banks and international institutions such as WEF. Liz Truss should NOT have resigned or reverse the measures designed to help people. When you fight for the people, the people vote for you, which is what happened in America, where Trump won everything and even the Muslim and Latino vote, while the neocon backed Democrats who served only themselves and implemented global agendas and funded more wars than every before, lost both senate and the house.

[@lakedistrict9450]

UK here. For US viewers, she was and is very widely derided over here. Not because she wanted an emphasis on growth and reform, but because her self image is as a disruptor with low skills in most domains. She is stateside trying to peddle the self defence of her failure, as the fault of the blob. The fault was her ignorance of the impact of the markets reaction to borrow for tax cuts on Bond prices, and therefore private pensions and investments. In other words she harmed conservative voters. She was also poor in many other ways. mAGA would be best advised to keep her at arms length. Hope that helps.

[@TheJonnyzeus]

Elevated beyond her abilities. Hopeless.

[@sergiokhrystyuk2441]

Great. In my opinion WSJ needs to make more documentaries

[@whatsthelatest193]

You guys do know that the reason why she lost the support from her government was so they can make Sunak the prime minister.

[@ppybmjc]

If that was the case why didn't they just elect him leader instead of her, 49 days earlier?

[@emilsazanda]

You could have have named this video The Blonde vs The Blob. Has a nice ring to it...

[@uk6496]

...or the blob versus the lettuce.

[@rideausheep]

This so sad and disgraceful

[@Ihatepotatos123ski]

This video totally fails to mention the lack of spending cuts proposed by Truss to adjoin any potential tax cuts. She proposed a massive energy support scheme that would cost billions that Treasury economist warned against at the same time as she slashes taxes for corporations and high-earners

[@ssuwandi3240]

I think she was caught off guard at that time until very recently was made aware. Kwasi shouldn't be her sparing mate too because he was an awful chancellor he was literally erasing small medium businesses landscape. Zero leadership

[@billpomfret774]

The trouble with your sums is that does not take into account the economic growth and therefore the increased revenue to the treasury. This is the problem of economic illiterates they think in household finances not business term

[@jameshacker8808]

@@billpomfret774​​⁠​⁠The stimulus effect of tax cuts are all accounted for in any modern economic analysis. Even accounted for the stimulus effect, it’s still incomparable to the cost. The main consensus among economists and result of empirical researches is that the magic tax cut that pay for itself is non-existent. Ask any economists, no matter the classics ones or the Keynesian ones, none of them would think borrowing huge for tax cuts is desirable. And you forget that it is the market, the big banks and funds, not the commentators or ‘the establishments’, signed the death warrant for Truss because they too think Truss’s fiscal policy is unsustainable and expensive, therefore charge the government more for that.

[@Michael-i9w2]

Ms Truss' belief in free markets seems remarkably partial.

[@josephdyson3737]

Truss was the blob

[@Der_Thrombozyt]

What on earth moves the WSJ to produce and publish such a puff piece on Ms. Truss of all people? Her policy positions made BoJo look like a grounded statesman.

[@---ep6sy]

Indeed. It sounds almost like a self-published pamphlet from Truss herself.

[@TheRadioAteMyTV]

Better to be Liz Truss with 44 days than Lady Jane Grey who only got 9 days, and a much more complete finale.

[@AndrewLord]

Silly you

[@xcelpast]

left wing people say "systemic racism" and right people say "the swamp/blob." why is everyone resigning to this kind of lousy sensation of helplessness that is unfixable? it's complaining without providing solutions.

[@BondMarket-x4c]

She is quite mad. Always everyone else's fault. Maybe the WSJ should've talked to any of the big international investors/banks, who thought her plans made no sense at all. She never had the confidence of the market, she never had the confidence of the parliamentary party, and she certainly didn't have the confidence of voters.

[@chud67]

Nope. Starmer is the one who is quite mad. He demanded "the return of the sausages."

[@sauermaischeyahoo7834]

The Bank of England has since admitted its culpability.

[@billpomfret774]

Thats crap

[@disaffected_malcontent]

she had the confidence of the Tory party membership.

[@billpomfret774]

@@disaffected_malcontent So did Margaret Thatcher. The trouble is the way the party is structured the membership doesnt have control

[@Stand663]

This was how the US started. A bunch of Englishmen quarrelling over a tax.

[@williamtench2047]

This documentary didn't really provide an hypothesis about how the blob took down Liz Truss -- save the odd question it then doesn't answer...

[@well-blazeredman6187]

The right move for Liz Truss now? Stop obsessing about loss of office and concentrate on winning her constituency back. That will still leave her with sufficient time to develop Conservative thought.

[@AndrewLord]

Truly bonkers idea

[@rad4924]

I don't know what "The Blob" means in America but I've always understood it as euphemism for menstruation...

[@TheRadioAteMyTV]

In America it has a reference to the movie of the same name, but as an expression it means a growing consuming force with no brain that just wants to eat and grow more powerful, and is terribly hard to defeat.

[@philipclemoes9458]

Liz should still be PM, The Tories would still be in power, the country would be much improved and we wouldn't have this awful Labour dictatorship,.

[@disaffected_malcontent]

well said.

[@randomunknown6179]

She had her chance and she blew it

[@disaffected_malcontent]

@@randomunknown6179 wake up

[@Der_Thrombozyt]

@@disaffected_malcontent Who is dreaming? The guy describing reality or the guy denying that reality?

[@rad4924]

You're either joking or mental. If Boris had stayed the Tories probably could have won, maybe, but Liz Truss was objectively the worst Prime Minister in history.

[@stephenaustin1896]

To think that The Bank of England was the pinnacle of Economic rectitude. It is a failing not to remove the public servants that did not pick up the danger from the positioning of U.K. Pension Fund "managers". The knowledge that the Bank of England did not pick up the market position that UK Pension fund "managers" had taken with LDI's is hilarious and says don't employ them. How is it that none lost their job? How is it that the Office of Budget Responsibility was not reformed when the leak occurred? The leak was inaccurate and clearly a political move! Once again sloppy Pension funds have to be bailed out by the taxpayer, good grief. Nassim Nicholas Taleb in "Skin in the Game" has been proven to be right again. Unless the managers & bankers feel the downside effect of their decisions then the mistakes will never be learnt.

[@georgex9543]

Inflation and high interest rates was the price that had to be paid to fully pay for the reckless covid spending. Biden got caught with his pants down, but farther down than even necessary due to his continued ill advised post covid woke spending spree including having to fund (hide) the results throwing the U.S. borders wide open (oh ya, and lying about all of it).

[@squirehaggard4749]

Ye gods what a complete panto the Commons has become. PMQ is little more than “….ooooh yes it is!!….oooooh no it isn’t!!!…” There seems to be an inverse relationship between Britain’s decline and the loudness of the Commons.

[@sauermaischeyahoo7834]

On Wednesday 21st September 2022, the Federal Reserve raised the Federal Funds rate by 0.75%. On Thursday 22nd September 2022, the Bank of England raised the Bank Rate by only 0.5%. At that point a devaluation of sterling against the US dollar was baked in. Currency traders don't take up positions ahead of a government financial statement... but they can set them up ready to go. So no sooner was the budget safely out of the way, on Friday 23rd September, than the traders pressed the buttons on their computers and sterling devalued against the US dollar. The contents of the budget hadn't caused sterling to devalue. All the budget had done was determine the timing of the devaluation.

[@georgex9543]

She should not have given in on lowering taxes. She should only tried to get fracking's foot in the door in a few trial lowly populated areas of the country first to prove that it is safe. Fracking has done a thousand fold more good than bad in this world.

[@tjd18]

in the 47 days she was in Power she cost the UK Economy £60bn Pepole are still paying for that to day

[@MindbodyMedic]

The Blob is state in which cheese finds itself between milk and becoming cheese. It is an extremely precarious and dangerous phase, which is why cheese is so expensive.

[@thetechc1nema]

"The Blob" refers to Liz Truss's Brain

[@disaffected_malcontent]

you should read some of the skeptical comments on here and learn

[@Stand663]

The “blob” is the lefty civil service who refused to implement the elected government policy. They in effect crashed the economy on purpose.

[@rosiefiquet7990]

Some tabloid made the issue Liz Truss versus Lettuce, did you see all that?

[@bethromelus6172]

Y'all weren't wrong for calling this video a puff piece. Her and her team was so incomptent that they couldn't predict the consequences of their ideas. Yes, I bet that the government worked against them in certain areas but her ideas didn't seem pratical. She admires America yet didn't fully understand the uniqueness of UK and why it can't like the USA. She tried to solve problems she didn't understand so her solutions made matters worse. You can't be weak after a bad Brexit yet expect to be a superpower.

[@tqbrowne]

I thought the interesting part in terms of the markets was the aftermath.

[@Gavin48]

Truss really should have been given a year before being challenged. Rishi was a waste of time. Truss had good ideas. She made mistakes. But at least let her grow into the role. She's better off like Jacob Rees-Mogg and Penny Mordaunt being out of the Conservatives. No point wasting your time being part of a party that has been over taken by Wets and Globalists.

[@stefannikola]

RIH-shee, not REE-shee

[@matthews4159]

since trump is due in the new year, is this cautionary tail ,, ment for other ear's ?

[@ThomasBoyd-r6c]

Labour government in England London had Budget October 30 it put up taxation £42 billion. Brilliant content.

[@AndrewLord]

Why not?

[@Stuart-f2m]

The Blob is apt name for the Civil service . Watch this film & watch a ever expanding mass expanding & expanding. Every decision the Civil service makes expands jobs . Just look a means testing Winter fuel & means testing in general . Only the Civil service Wombles could advocate a system that takes money off pensioners because they have worked too much & have wealth because of it but give money to people that don't work . Pension credit.is basically a Civil service Job creation Scheme. It saves no money as you hire thousands of Civil servants to do the means testing .

[@philipwoodhouse4835]

😂😂 She got in and secured millions if not billions for herself by pushing legislation to help her pals and former employers in the oil induatry. Everything else is a ploy and you'd need to be niave to buy it.

[@roughblooduk]

I was shocked she'd been got rid of because I liked her as Trade Secretary. There was just something about her. I hope she comes back because it's a rare thing for me to like a politician.

[@---ep6sy]

You mean her stellar Trade Sec record like negotiating pork sales in Beijing?

[@nickpass]

It seems like she was just a weak leader. She should have stuck to her beliefs. Margaret Thatcher would never have blinked in a game of chicken.

[@MindbodyMedic]

You don't understand that Truss was a rare occasion of someone completely and totally out of depth getting into a position through her own deluded self belief. You don't have to like thatcher to appreciate she at least had political instincts and crucially, intelligence.

[@joshhoffman1975]

Great discussion, thanks!

[@El_Paracleto]

Ah yes, YT in on the corruption as well...ta for the info...Praise Jesus...+++

[@justjackman]

This person is irrelevant in UK politics

[@michaelashworth4172]

Not much short of an apologia of the most disastrous PM the UK has ever had. You only have to hear her talk about climate change to know that she is totally disconnected from reality, whether economic, financial, political or environmental. Now we have a new US head of state on his way, who is equally disconnected from reality (but who is more representative of his country in that respect than Truss is) it will be interesting to see, once confronted with reality ,it all unravels. Of course, it might well be that he creates a short term spurt for growth that tides him over for 4 years, but at a devastating cost to the future of the US and, indeed, the whole world.

[@papalaz4444244]

What the fk is this mentally ill qnt talking about?

[@user-oi9iz9jr8y]

Great ❤video Joseph!!!

[@stevekristoff4365]

Just didn't have enough of a back bone. UK really needs a new Margaret Thatcher and unfortunately Liz Truss just wasn't made of the same cloth.

[@johnruan]

She was the best PM the Brits never got to see through her term time