The issue was whether they were going to maintain our present economic structure, with improvements ameliorating its asperities gradually and cautiou… - David Lloyd George

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The issue was whether they were going to maintain our present economic structure, with improvements ameliorating its asperities gradually and cautiously, or whether they were going to pull the whole thing down, to put the whole of our commerce and industry into the melting-pot, at a moment when everything depended on credit and confidence, and absolutely destroy these things by committing the country to a wild series of proposals. Put compendiously, the proposal of the Labour Party was, "The nation is suffering from lack of capital; let us take what there is." (Laughter.) The old idea of bleeding a patient, abandoned by the medical profession, was taken up by the Labour Party. Even the doctors never bled a patient who was suffering from anaemia, yet that was what the Labour Party proposed. It was the stupidest programme ever put before the electorate.