I agree with you. However this means we have to make the investment in education to produce highly qualified skilled workers. At the same time we have to invest in infrastructure - rail and transport links, and have to have the correct economic policies at macro and micro levels to attract big business, manufacturers in particular, back into Britain.
Only a Labour Government would take such a Keynesian approach - that should be the message the Labour Party takes forward. We borrow to invest to increase our income, not fund our defecit. If necessary we use quantitative easing to assist this programme. We supporting the banks through QE, now supprt our people.