Thursday, March 17, 2005

Tories gambling with our economy

Using poker lingo, Shadow Chancellor Oliver Letwin said: “We will see the Chancellor — and raise him"
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Generally as a poker player myself I can tell you that you tend to raise people in two situations.

1. When you have the best ('nuts') or near best hand and are cruising to victory.
2. When you have 'high card seven' and are desperately bluffing in the hope that your opponent will believe you have the best hand and thus fold.

I think Letwin probably falls more into the second category. Either way it's lovely to see the Tories a) using a rather disreputable gambling game as their policy on the economy, and b) that policy is to take a social-democratic government's vast debt-funded spending and raise it. Truly Labour have won the public spending argument.