JAMES CALLAGHAN
(Leonard James Callaghan, Baron Callaghan of Cardiff)
This sentiment was apparently first expressed by the English Calvinist Minister, Charles Spurgeon, 1834-1892.
The speech was actually drafted by Peter Jay, his son-in-law and a journalist. The leader of the left-wing Labour party, to the surprise and anger of many of the party stalwarts, was repudiating Keynesianism which had been basic to the party for years. This appears to be the first specific statement that a government cannot spend its way out of a recession. Conservatives have used it ever since in countries throughout the world. The truth of the Keynes proscription is in constant modern economic and political debate with no resolution likely soon.
When Callaghan became Prime Minister in 1976, he had to deal with the Leader of the Opposition, Margaret Thatcher. This arrogant remark is typical of Callaghan’s style when dealing with her.
Leonard James Callaghan, Baron Callaghan of Cardiff, KG, PC was Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980. Callaghan is the only person to have held all four Great Offices of State, having served as Chancellor of the Exchequer from 1964 to 1967, Home Secretary from 1967 to 1970 and Foreign Secretary from 1974 to 1976. He was a Member of Parliament (MP) from 1945 to 1987.