LEP:

Why is,it continuing these policies in spite of the fact that the seem not to be working?

1. they're one-trick ponies

2. dobbin is going to get run into the ground before they will admit defeat.

it's unthinkable that they act differently than they do, to change would make them look even more idiotic to themselves than they do already!
 

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty