Numbers not looking too promising for Labour so far
02 May 2008, 02:37 PM
#61
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Thanks for noticing - I should've thought... I've set a tinyurl link to it:
The Devil's Kitchen: Gordon Brown: financial ****ing genius
Try that.
the whole "good economic record" is a smokescreen - go take a look at the figures, they are all backed up.
The Devil's Kitchen: Gordon Brown: financial ****ing genius
Try that.
the whole "good economic record" is a smokescreen - go take a look at the figures, they are all backed up.
02 May 2008, 02:38 PM
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02 May 2008, 02:42 PM
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Thanks for noticing - I should've thought... I've set a tinyurl link to it:
The Devil's Kitchen: Gordon Brown: financial ****ing genius
Try that.
the whole "good economic record" is a smokescreen - go take a look at the figures, they are all backed up.
The Devil's Kitchen: Gordon Brown: financial ****ing genius
Try that.
the whole "good economic record" is a smokescreen - go take a look at the figures, they are all backed up.
10 years + of economic growth is a pretty convincing smokescreen, yes they have made some fairly bad errors along the way, but credit should be given for the fundamentals, growth, low inflation, low interest rates, these have all been good by historic measures
Last edited by Martin2005; 02 May 2008 at 02:46 PM.
02 May 2008, 02:44 PM
#64
The story links through internally to the Times. Whilst they are no fans of Labour, I would say their newspaper is fairly accurate in terms of what's been casually omitted by the government in their accounting. I remember reading the £21Bn story about railtrack.
02 May 2008, 02:52 PM
#66
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Would it be possible to post up a link to some news or facts, rather than a bunch of Labour hating bloggers
10 years + of economic growth is a pretty convincing smokescreen, yes they have made some fairly bad errors along the way, but credit should be given for the fundamentals, growth, low inflation, low interest rates, these have all been good by historic measures
10 years + of economic growth is a pretty convincing smokescreen, yes they have made some fairly bad errors along the way, but credit should be given for the fundamentals, growth, low inflation, low interest rates, these have all been good by historic measures
DK isn't a labour-hating blogger -he despises all parties pretty equally. his brutal fiskings of government, opposition and EU politics are without equal, as the awards demonstrate. just give it a read, as 60,000 other people do every month.
old labour now -358 and sinking ... tories +235. there hasn't been a slaughterhouse like this since the basra road in 1991. oh happy day.
02 May 2008, 03:03 PM
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02 May 2008, 03:15 PM
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not for long UB. prospects for BoJo are looking good. if he does win then a new political tone is set and squatter brown is a dead man walking. he'll be very, very lucky to avoid being scalped by his own party ...
02 May 2008, 03:15 PM
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Ah you mean that boom caused by extremely cheap credit that is now causing huge issues for those that financed everything with that cheap credit. That was all Labour could manage, just make it cheap as possible for everyone to borrow upto their eyeballs and make it look like everyone is doing really well for themselves.
02 May 2008, 03:21 PM
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Ah you mean that boom caused by extremely cheap credit that is now causing huge issues for those that financed everything with that cheap credit. That was all Labour could manage, just make it cheap as possible for everyone to borrow upto their eyeballs and make it look like everyone is doing really well for themselves.
Yes thats the one, the cheap credit, driven by low interest rates and low inflation - there's 2 sides to that one fella!
02 May 2008, 03:23 PM
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Socialism died along time ago in this country, if you think we have a socialist government now, then we're about to have another one, this time led by David Cameron!
02 May 2008, 03:23 PM
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But who could they replace him with from the 'Government Of None Of The Talents?' They are all incompetent dullards...
02 May 2008, 03:24 PM
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02 May 2008, 03:30 PM
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Yep but wasn't sustainable long term as its' now showing, and now it's all going pear shaped Labour are done for and it will be left for someone else to sort out whilst those who relied on cheap credit struggle thanks to Labours false economic policies.
02 May 2008, 03:34 PM
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It's the housing market that has largely driven the credit boom in this country, people borrowing against the increasing values of their homes, now of course the government are ultimatley responsible for the economy, but it is individuals actions that have driven the housing market and the credit boom.
02 May 2008, 03:44 PM
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certainly no-one who can recover a political death-rattle that looks set to match and even exceed john major's and michael foot's in opposition. david milliband? ed *****? no way, baby-faced idiots out of their depth, the pair of them and ***** is unpleasantly toxic - plus disliked within the party.
maybe a return by alan milburn? unlikely, but he's one of their few class political acts. clarke? nah, damaged goods plus comedy jug ears. although it pains me to say it, i quite like alan johnson and would put my money on him being the lead contender should brown find himself staring down the barrels of his backbench.
tell you what though, politics hasn't been this exciting for years ... i think we may have reached a tipping point today.
Last edited by Holy Ghost; 02 May 2008 at 03:48 PM.
02 May 2008, 03:50 PM
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**
certainly no-one who can recover a political death-rattle that looks set to match and even exceed john major's and michael foot's in opposition. david milliband? ed *****? no way, baby-faced idiots out of their depth, the pair of them and ***** is unpleasantly toxic - plus disliked within the party.
maybe a return by alan milburn? unlikely, but he's one of their few class political acts. clarke? nah, damaged goods plus comedy jug ears. although it pains me to say it, i quite like alan johnson and would put my money on him being the lead contender should brown find himself staring down the barrels of his backbench.
tell you what though, politics hasn't been this exciting for years ... i think we have reached a tipping point today.
certainly no-one who can recover a political death-rattle that looks set to match and even exceed john major's and michael foot's in opposition. david milliband? ed *****? no way, baby-faced idiots out of their depth, the pair of them and ***** is unpleasantly toxic - plus disliked within the party.
maybe a return by alan milburn? unlikely, but he's one of their few class political acts. clarke? nah, damaged goods plus comedy jug ears. although it pains me to say it, i quite like alan johnson and would put my money on him being the lead contender should brown find himself staring down the barrels of his backbench.
tell you what though, politics hasn't been this exciting for years ... i think we have reached a tipping point today.
Brown's going nowhere soon, besides this is nothing like the end of the Major years, Maggie suffered some horrendous local election beats and still managed to win General Elections.
There is still a huge mountain to climb if David Cameron is to win the next election, the math is not good for them, our system is fairly biased against the Tory's at present (don't get me started on that one
) .
02 May 2008, 03:53 PM
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Sorry you've confused me, are you saying that we haven't had low inflation and low interest rates?
It's the housing market that has largely driven the credit boom in this country, people borrowing against the increasing values of their homes, now of course the government are ultimatley responsible for the economy, but it is individuals actions that have driven the housing market and the credit boom.
It's the housing market that has largely driven the credit boom in this country, people borrowing against the increasing values of their homes, now of course the government are ultimatley responsible for the economy, but it is individuals actions that have driven the housing market and the credit boom.
Brown switched to the CPI so that he could ease the inflation target but still appear to be "tough", the inflationary boom and consequent bust are direct results of this.
Under John Major the inflation target was 2.5% or below on RPIX (RPI excluding mortgages) but now RPIX sits at something like 4.5%. Brown's claim to be the King of Stability is a nonsense.
02 May 2008, 04:00 PM
#86
Harriet Harman! Fat Man Prescott! Lord Levy! Ruth Kelly! Gordon Brown - can you hear me, Gordon Brown! Your boys took one hell of a beating! Your boys took one hell of a beating! 
02 May 2008, 04:01 PM
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We used to use RPI figures which purport to record how much of a payrise people need to maintain their standard of living. That is running at about 5% but will come down when mortgage rates do. The CPI is a EU-wide harmonising measure, and as such deliberately excludes things which are hard to measure across 27 countries so things like housing costs are missed out.
Brown switched to the CPI so that he could ease the inflation target but still appear to be "tough", the inflationary boom and consequent bust are direct results of this.
Under John Major the inflation target was 2.5% or below on RPIX (RPI excluding mortgages) but now RPIX sits at something like 4.5%. Brown's claim to be the King of Stability is a nonsense.
Brown switched to the CPI so that he could ease the inflation target but still appear to be "tough", the inflationary boom and consequent bust are direct results of this.
Under John Major the inflation target was 2.5% or below on RPIX (RPI excluding mortgages) but now RPIX sits at something like 4.5%. Brown's claim to be the King of Stability is a nonsense.
But over the last ten years these things have been very low by historical standards, it's only recently that things have started heading in the wrong direction.
John Majors answer to keeping inflation low was the ERM and eyewateringly high interest rates, and we all know how that ended!
02 May 2008, 04:19 PM
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