George Osborne. A financial brain like no other.
07 October 2011, 11:55 AM
#31
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And do they really think the first £200bn has got credit and liquidity moving?? Not from where i'm sitting it hasn't.
I agree about not pumping in too much avoid inflation. The problem is that QE is virtually impossible to quantify in terms of its effect, nobody really knows how much is too much.
I do agree with Jacko's point elsewhere; it's just becoming tiring watching this extended flogging of a dead horse. Put a bolt through its head and lets buy another horse.
07 October 2011, 12:13 PM
#32
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i agree, if worst is going to happen, let it be know rather than all this drawn out horse sh*t we get daily just now.
the media must be making billions, and loving it.
the media must be making billions, and loving it.
07 October 2011, 01:15 PM
#33
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ive never trusted any uk government i seen, and im forced not to vote because there isnt 1 single party i want in power - all at some point have been proven liars through time, many corrupt in the extreme, and from my point of veiw shouldnt be involved in running our economy
07 October 2011, 01:19 PM
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Thing is, we don't vote for which economists we want to run the country.
We vote for a political party who happens to have an economic policy as part of their manifesto.
And politics doesn't help when it comes to making independent economic decisions. Keeping power and winning votes is the name of the game.
No wonder people become disillusioned.
We vote for a political party who happens to have an economic policy as part of their manifesto.
And politics doesn't help when it comes to making independent economic decisions. Keeping power and winning votes is the name of the game.
No wonder people become disillusioned.
07 October 2011, 04:17 PM
#35
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He then continuously overborrowed and the money was pumped into the economy in order to make the economy look strong thus buying votes when in fact it was going down the tubes. Is that the action of a world leader in economic affairs?
On top of that, in order to "keep in" with their friends the bankers, they failed to regulate the banks so that the bankers could take on the toxic debts thus making themselves rich at the eventual expense of the country and its people. No wonder we are in deep trouble now with the world's economic failings all due to the bankers. Why did your economic genius not see all this coming and take appropriate action Pete?
How about the future effects of the PFI movement Pete?
How can you possibly hold those plonkers up as the financial saviours of the world?
Les
07 October 2011, 04:44 PM
#36
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The investment fund managers speaking yesterday. All five of them were in agreement that this was actually good fiscal policy - if carried out correctly.
Great store has been put into what Gorgeous said but it was in opposition and as we know when you're in opposition flinging even the slightest bit of **** becomes an art form.
Great store has been put into what Gorgeous said but it was in opposition and as we know when you're in opposition flinging even the slightest bit of **** becomes an art form.
07 October 2011, 05:07 PM
#37
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The investment fund managers speaking yesterday. All five of them were in agreement that this was actually good fiscal policy - if carried out correctly.
Great store has been put into what Gorgeous said but it was in opposition and as we know when you're in opposition flinging even the slightest bit of **** becomes an art form.
Great store has been put into what Gorgeous said but it was in opposition and as we know when you're in opposition flinging even the slightest bit of **** becomes an art form.
07 October 2011, 05:15 PM
#38
They were SUPPOSED to use their bailout to help small and medium businesses. Instead they pocketed it and paid themselves huge bonuses. Lying Labour never saw THAT coming?
Then the QE disappeared too.....again, what did Lying Labour put in place to STOP the bankers from holding onto it?
07 October 2011, 05:34 PM
#39
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He borrowed - note:- NOT OVERborrowed!!
And he borrowed to build Hospitals, build Schools, reduce Crime, add Police, add Teachers, pull people out of poverty, look after Pensioners, get full employment, I could go on ...... we all borrow to better our lives, you and I both have borrowed to move house!
It's a very wise thing to do while the country was going through the best time that the country has enjoyed, EVER!
Then, the WORLD economic system was brought close to collapse by the US lending to the un-creditworthy for them to be part of the property owning elite of America!! Banks got into trouble and we faced a massive collapse.
Brown and Darling pulled the world back from the edge .... Osborne and Cameron (AKA Laurel and Hardy) simply are not equiped to lead the UK - let alone the world - out of the woods!
That's why Brown and Darling were the best financial minds at the right time .... like Churchil was the best in the war years, like Maggie was the best for the EU expansion and the Falklands ......... the right people at the right time.
Unless we now need two mummies boys, educated at Eton and without a clue of the real world, we are shafted - utterly shafted ..... I would not trust these two richboys to look after my piggybank!
And he borrowed to build Hospitals, build Schools, reduce Crime, add Police, add Teachers, pull people out of poverty, look after Pensioners, get full employment, I could go on ...... we all borrow to better our lives, you and I both have borrowed to move house!
It's a very wise thing to do while the country was going through the best time that the country has enjoyed, EVER!
Then, the WORLD economic system was brought close to collapse by the US lending to the un-creditworthy for them to be part of the property owning elite of America!! Banks got into trouble and we faced a massive collapse.
Brown and Darling pulled the world back from the edge .... Osborne and Cameron (AKA Laurel and Hardy) simply are not equiped to lead the UK - let alone the world - out of the woods!
That's why Brown and Darling were the best financial minds at the right time .... like Churchil was the best in the war years, like Maggie was the best for the EU expansion and the Falklands ......... the right people at the right time.
Unless we now need two mummies boys, educated at Eton and without a clue of the real world, we are shafted - utterly shafted ..... I would not trust these two richboys to look after my piggybank!
Last edited by pslewis; 07 October 2011 at 05:37 PM.
07 October 2011, 05:37 PM
#40
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It's the exact opposite of a Keynesian approach. In fact what Labour was doing was pro-cyclical.
07 October 2011, 05:40 PM
#41
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He borrowed - note:- NOT OVERborrowed!!
And he borrowed to build Hospitals, build Schools, reduce Crime, add Police, add Teachers, pull people out of poverty, look after Pensioners, get full employment, I could go on ...... we all borrow to better our lives, you and I both have borrowed to move house!
It's a very wise thing to do while the country was going through the best time that the country has enjoyed, EVER!
Then, the WORLD economic system was brought close to collapse by the US lending to the un-creditworthy for them to be part of the property owning elite of America!! Banks got into trouble and we faced a massive collapse.
Brown and Darling pulled the world back from the edge .... Osborne and Cameron (AKA Laurel and Hardy) simply are not equiped to lead the UK - let alone the world - out of the woods!
That's why Brown and Darling were the best financial minds at the right time .... like Churchil was the best in the war years, like Maggie was the best for the EU expansion and the Falklands ......... the right people at the right time.
Unless we now need two mummies boys, educated at Eton and without a clue of the real world, we are shafted - utterly shafted ..... I would not trust these two richboys to look after my piggybank!
And he borrowed to build Hospitals, build Schools, reduce Crime, add Police, add Teachers, pull people out of poverty, look after Pensioners, get full employment, I could go on ...... we all borrow to better our lives, you and I both have borrowed to move house!
It's a very wise thing to do while the country was going through the best time that the country has enjoyed, EVER!
Then, the WORLD economic system was brought close to collapse by the US lending to the un-creditworthy for them to be part of the property owning elite of America!! Banks got into trouble and we faced a massive collapse.
Brown and Darling pulled the world back from the edge .... Osborne and Cameron (AKA Laurel and Hardy) simply are not equiped to lead the UK - let alone the world - out of the woods!
That's why Brown and Darling were the best financial minds at the right time .... like Churchil was the best in the war years, like Maggie was the best for the EU expansion and the Falklands ......... the right people at the right time.
Unless we now need two mummies boys, educated at Eton and without a clue of the real world, we are shafted - utterly shafted ..... I would not trust these two richboys to look after my piggybank!
Last edited by Jimbob; 07 October 2011 at 05:43 PM.
07 October 2011, 05:42 PM
#42
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If your house value is going up quickly, if your wages are increasing fast, if the wifes earning are on the up, if items are getting cheaper (food, clothes, electricals, etc.) ... then you borrow again to buy a bigger/better house!
Makes perfect sense!
Makes perfect sense!
08 October 2011, 12:23 PM
#43
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But the country's values were not going up Pete while all the overborrowing was going on.
The increasing deficit and the failing economy were being hidden by that borrowing. It was all a cardboard cutout!
Les
The increasing deficit and the failing economy were being hidden by that borrowing. It was all a cardboard cutout!
Les
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