Times poll sees Gordon Brown ahead of the Cameron

tomstickland

I'm quite happy to give Cameron a chance.

ad9898_3

Dan: wrote: »

He can blame America as all this mess IS THEIR FAULT.

Admittedly America shares shares some blame and regardless of whether we were in a good position or not before the crap hit the fan, we would have been affected.

However, its been much worse because we have been upto the same thing here, liar loans, self cert mortgages, the BTL pyramid scheme, IO mortgages with no way of paying back, house prices taken out of inflation figures and last but not least lets not forget the £1.4 trillion debt.

Gordon borrowed in the good years and is now borrowing in the bad. Now we are in a worse position than any other western economy.

The economy has been built on HPI, now thats stopped, so has everything else. Hence everything he is doing at the moment is to desperately re-inflate the housing bubble. Unfortunately for him, he is failing spectacularly.

baby_boomer

The government is currently spending 10p for every 8p in revenue.

And that's before Gordon's expected tax cuts and the effect of the recession.

At the next election we're effectively voting for the person who we think can best manage a disastrous set of public finances and prune back the public sector where it can be done.

Is Gordon the right man for the task?

huntersc

ad9898 wrote: »

Now we are in a worse position than any other western economy.

I'd like to see you back that up. In fact I'm waiting with baited breath, I'm going to crack open a beer and enjoy this one Sod Arsenal Wigan, this is going to provide some serious entertainment

So off you go...

Dan:_4

ad9898 wrote: »

Admittedly America shares shares some blame and regardless of whether we were in a good position or not before the crap hit the fan, we would have been affected.

However, its been much worse because we have been upto the same thing here, liar loans, self cert mortgages, the BTL pyramid scheme, IO mortgages with no way of paying back, house prices taken out of inflation figures and last but not least lets not forget the £1.4 trillion debt.

Gordon borrowed in the good years and is now borrowing in the bad. Now we are in a worse position than any other western economy.

The economy has been built on HPI, now thats stopped, so has everything else. Hence everything he is doing at the moment is to desperately re-inflate the housing bubble. Unfortunately for him, he is failing spectacularly.

The US Subprime was far, far worse then what we had over here.

mewbie_2

huntersc wrote: »

I'd like to see you back that up. In fact I'm waiting with baited breath, I'm going to crack open a beer and enjoy this one Sod Arsenal Wigan, this is going to provide some serious entertainment

So off you go...

Something about Britain worst placed was mentioned.

http://business.timesonline.co.uk/tol/business/economics/article5102131.ece

"Britain is now forecast to bear the brunt of the global slump"

http://www.belfasttelegraph.co.uk/business/business-news/oecd-says-uk-worst-placed-in-g7-to-withstand-global-downturn-13959825.html

"Britain is the worst placed among the world's major econ-omies to withstand the impact of a global slowdown – and the only one forecast to be in recession this year, according to the respected Organisation for Economic Co-operation and Development"

You don't get my vote matey.

mewbie_2

Dan: wrote: »

The US Subprime was far, far worse then what we had over here.

What are you saying? That it is now all over and we survived better than the US? Do you really believe that? Or do you type this stuff as some kind of wish fulfilment - if you say it often enough it might be true? Do you honestly not realise that the States started crashing first, and that we have a bigger house price bubble to get rid of? Do you not read anything that talks about the economy, or is it just a diet of Heat magazine that furnishes your information intake?

Dan:_4

mewbie wrote: »

What are you saying? That it is now all over and we survived better than the US? Do you really believe that? Or do you type this stuff as some kind of wish fulfilment - if you say it often enough it might be true? Do you honestly not realise that the States started crashing first, and that we have a bigger house price bubble to get rid of? Do you not read anything that talks about the economy, or is it just a diet of Heat magazine that furnishes your information intake?

err....I said nothing of the sort. So are you saying that the UK sub-prime market was not as bad as what they were doing in the US?

BACKFRMTHEEDGE

drc wrote: »

OMG. I just read this article in The Times http://www.timesonline.co.uk/tol/news/politics/article5127162.ece which says, (according to their poll) that "shows him comfortably beating David Cameron as the leader seen as best able to handle the recession" (quoted from The Times website). Can this be true? Are people stupid enough to believe that the man who has caused so many of the current problems is going to solve them. Are peoples memories so short. Gawd help us if New Lie-bour are re-elected, especially with Brown at the helm.:eek:

No our memories are long ....very long.... and we remember how S**T the tories are. And if you think that clown Osbourne is better than Brown you better get to the Doctors and get a new prescription of pills...

huntersc

mewbie wrote: »

Something about Britain worst placed was mentioned.

http://business.timesonline.co.uk/tol/business/economics/article5102131.ece

"Britain is now forecast to bear the brunt of the global slump"

http://www.belfasttelegraph.co.uk/business/business-news/oecd-says-uk-worst-placed-in-g7-to-withstand-global-downturn-13959825.html

"Britain is the worst placed among the world's major econ-omies to withstand the impact of a global slowdown – and the only one forecast to be in recession this year, according to the respected Organisation for Economic Co-operation and Development"

You don't get my vote matey.

First, the IMF figures can be read in a completely different way, indeed a ~1% drop against a WW 2% decrease looks positively exciting.

Second compared to the CAC and Dax the FTSE has recovered remarkably well, a really great sign for the future.

Third the OECD is absolutely right but once again we're ignoring initial positions of the respective economies. We're seeing a decrease from a very strong position, compare that to Italy or Spain. Great, Spain's economy may increase by 0.8% but what good is that if you have 15% unemployment, 30% basic rate tax bands and no hope of ever paying back the interest on your national debt nevermind the capital.

We really need to put this into perspective. Oh, and let's not forget that we have a very different industry makeup compared to other countries, that has a massive impact especially when comparing Germany and the UK to Italy and Spain for example.