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Old December 4th, 2011, 07:17 PM   #21
Jeff Leahy
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Warned by who? Those clowns in Labour? If Brown was such a genius when it came to economics how come he managed to take the healthy state of the economy as bequeathed to him by the Conservatives,and then first as Chancellor of the Exchequer and then as Prime Minister manage to screw things up so badly?

Don't forget it was Brown raiding the pension funds early on that precipitated the calamity in pensions in the private sector.
Warned by history. The depression of the 1920's is something we should ad could have learned from..

Its a matter of basic keynsian economics. http://www.econlib.org/library/Enc/bios/Keynes.html

Yes public pensions needed reducing (not least those with silly high sums)

But the switch from public to private needed gentle easing..

Osbourne is an interlectual midget who has know idea what he is doing , Framkly he should be taken out and shot infront of his family. It would be doing everyone a great favour and it was good of Clarkson to raise the possibility with a few possible alterations..it could work.

What has happened is cutting back to fast to soon and what we have is another Tory recession

Something history has taught they excell in.

Yours Jeff
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Old December 4th, 2011, 07:26 PM   #22
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It is simply that we are now reaping the whirlwind
The Blair/Brown economic "miracle" or boom was all smoke and mirrors - it was all based on absurd levels of credit both on a personal and national level. Borrowers of loans and mortgages borrowed way beyond their means because the property bubble of absurd prices looked set to last and so they assumed they would sell up and move on before the mortgage needed settling.
Of course the bankers are not blame free - they got caught up in the communal insanity and leant unwisely and gambled on uncertain markets. But for a lender to lend unwisely there must be a borrower who borrows unwisely.
A friend of mine exaggerated his income (i.e. lied) to get a self certification mortgage way beyond his means to pay - he now blames the wicked bankers for the financial mess he is in. His attitude is "well if the banks hadn't offered these loans I wouldn't have taken them." He sees absolutely no need to accept any personal responsibility for the mess he has got himself into. The wicked bankers are a wonderful all purpose scapegoat on which we can blame all the ills of society.
I repeat - the bankers are certainly not blame free and certainly played their part in the fiasco but I object to their being used as a universal bogeyman which allows all those who lied or took absurd risks which got them into financial turmoil to use the banks as a means to deny all personal responsibility for their actions.
The present government is certainly not problem free and has made its fair share of howlers BUT the main architects of the present dire situation we are in are undoubtedly Blair, Brown, Balls and the rest of their gormless Labour cronies.
If they'd stuck to their gormless plan, then growth would have been considerably higher than it is now.

Thus unemployment would have been lower

And instead of sitting in point less dole ques these people would have been contributing to the exchequer.

Unemployment serves no one. Get people working and contributing.

What we require is investment in new business and new manor facturing. New technology and media. (lets have decent broadband for a start.) I think were going to have to live with the death of the high street for american style malls and internet business.

Its the middle management and top management pensions that require cutting. Its that simple, to many chiefs, cut them. Not ordinary teachers or nurses who do a fantastic job..

Lions lead by midgets.

If people want big salaries they should work in the private sector and take the risk with the rest of us.

The blame for the current crisis sits firmly with the Osbourne. Vince Cable would have been the logical chancellor not that toffee nosed twat with no ideas or life experience..

Its not to late for Vince to take control, he appears to have had an electural mandate after all..

Sack Osbourne bring in Vince!

Yours Jeff
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Old December 5th, 2011, 06:31 AM   #23
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The inverted snobbery of many of the comments about Cameron, Boris and Osborne remind me of the Three Yorkshiremen sketch done by the Monty Python lot.
It is quite endearing to see interviews with Labour Party and trade union people desperately trying to outdo each other in establishing their grass roots working class credentials. People who are patently middle class and have never been near manual labour in their life parade their "street cred" which they never manage to achieve.
To dismiss a politician on the grounds that he is "toffee nosed," belonged to the Bullingdon Club and went to private school is simply the other side of the coin of denigrating someone who went to a comprehensive or joined the local working men's club. To say that Osborne lacks "life experience" suggests that unless someone has sweated down a mine, done heavy engineering or swept the streets, they are unfit to take public office.
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Old December 5th, 2011, 06:50 AM   #24
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If they'd stuck to their gormless plan, then growth would have been considerably higher than it is now.

Thus unemployment would have been lower

And instead of sitting in point less dole ques these people would have been contributing to the exchequer.

Unemployment serves no one. Get people working and contributing.

What we require is investment in new business and new manor facturing. New technology and media. (lets have decent broadband for a start.) I think were going to have to live with the death of the high street for american style malls and internet business.

Its the middle management and top management pensions that require cutting. Its that simple, to many chiefs, cut them. Not ordinary teachers or nurses who do a fantastic job..

Lions lead by midgets.

If people want big salaries they should work in the private sector and take the risk with the rest of us.

The blame for the current crisis sits firmly with the Osbourne. Vince Cable would have been the logical chancellor not that toffee nosed twat with no ideas or life experience..

Its not to late for Vince to take control, he appears to have had an electural mandate after all..

Sack Osbourne bring in Vince!

Yours Jeff
I would have agreed with you about Vince just after the election, but he has shown he's as bad as the rest of them. Doing political handstands just to be in power killed him for me.
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Old December 5th, 2011, 07:37 AM   #25
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I think Vince Cable is someone who is an economics person. His political skills are negligible. Therefore I can't see him rising higher than Chancellor.
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Old December 5th, 2011, 09:17 AM   #26
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The inverted snobbery of many of the comments about Cameron, Boris and Osborne remind me of the Three Yorkshiremen sketch done by the Monty Python lot.
It is quite endearing to see interviews with Labour Party and trade union people desperately trying to outdo each other in establishing their grass roots working class credentials. People who are patently middle class and have never been near manual labour in their life parade their "street cred" which they never manage to achieve.
To dismiss a politician on the grounds that he is "toffee nosed," belonged to the Bullingdon Club and went to private school is simply the other side of the coin of denigrating someone who went to a comprehensive or joined the local working men's club. To say that Osborne lacks "life experience" suggests that unless someone has sweated down a mine, done heavy engineering or swept the streets, they are unfit to take public office.
Sir Winston Churchill was born with a silver spoon but that didn't make him incapable of being the nation's leader, similarly John F. Kennedy here in the United States. Some of the best leaders come from backgrounds you might not anticipate.

Chris
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Old December 5th, 2011, 12:11 PM   #27
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Some say Churchill was born with a silver spoon in his mouth, but actually it was a cigar.
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Old December 5th, 2011, 12:30 PM   #28
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I would have agreed with you about Vince just after the election, but he has shown he's as bad as the rest of them. Doing political handstands just to be in power killed him for me.
While I'd agree to an extent. I'm certainly no liberal.

Vince actually argued fairly sensibly for the defecit to be lowered gradually.

He also warned several years earlier of the approaching bubble..

OK he may not be perfect but he's in government and an Economic giant compared to George Osbourne who is slowly drowning this country, and will destroy it if he isnt sacked soon.

Yours Jeff

And incidently I have no problem with Boris, I'm, all for characters and individuals in politic's we need more. Its loathsome toads I have difficulty with and Osbourne has long been top of that list. Churchhill was a great war time leader but his peace time record was never so good, Gold Standard gord bless him.
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Old December 5th, 2011, 01:20 PM   #29
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Churchill was the man for the job in 1940. Unfortunately there is no man (or woman) for the job now.
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Old December 5th, 2011, 06:58 PM   #30
Jeff Leahy
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Churchill was the man for the job in 1940. Unfortunately there is no man (or woman) for the job now.
I think that a little unfair...

Apart from Lord Nelson, Oscar wild and Prince Rupert...

There are few who could out class the old Git

Yours Jeff
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