Britain has gone mad - Labour 'most trusted' on economy!

Kez100

Oh I agree. I'm just trying to find reasons people might like gb over DC at the moment. All I can think of is that he has taken the bull by the horns and shown some guts. As I also said when it doesnt work or we come to rue the day it will be a re run of the old kinnock headliner ' would the last person to leave Britain please turn out the lights '

redux

Kez100 wrote: »

I think people think cameron and osbourne wouldn't have any balls in the situation we are in.

Opinion is very volatile: Osborne's approval rating in a poll amongst his own party's supporters nose-dived from over 70% to around 2%.

StevieJ

redux wrote: »

Opinion is very volatile: Osborne's approval rating in a poll amongst his own party's supporters nose-dived from over 70% to around 2%.

Tell you what Redux that is short and succinct, the posts I have seen of yours are normally about a page long

epz_2

i saw on the politics show a week or so back talk about ken clark being shadow chancelor, unlikely with the torys euro hatred but it would be big contrast between the guy in opposition who handed over a very healthy economy and the guys who destroyed it!

MiserlyMartin

Its because the British public have fallen for Gordons spins about 'it all started in America', and 'The problem is global' and any other speech he can make to deflect the blame and attention away from himself and his bad management of the economy.

You have to hand it to him, hes making a good job of lying.

Davesnave

MiserlyMartin wrote: »

Its because the British public have fallen for Gordons spins about 'it all started in America', and 'The problem is global' and any other speech he can make to deflect the blame and attention away from himself and his bad management of the economy.

You have to hand it to him, hes making a good job of lying.

I think you're right. I also believe the public like the idea of 'spending our way out of recession,' which is the sound bite they can remember. The alternative, which isn't too clear anyway, doesn't sound half as much fun.

avinabacca

amcluesent wrote: »

Labour is the party most trusted to deal with the recession, according to a new poll.

Now - I have just as many reservations as you do over this (although I can't see that Cameron will be any better, unfortunately).

But even so, try and calm down? It won't do you any good, getting a head of steam up over this one.

Cuppa tea perhaps, a rest in a comfy chair and maybe some mellow music on?

WestonDave

Turkey's don't vote for Christmas - Cameron/Osbourne are paying the price for suggesting that rather than soothing their fevered brows and finding ways for them to continue their bloated borrow and spend lifestyles, people should wind their necks in and balance their books. It might be the right policy but no-one wants to hear it.

drbeat

globalds wrote: »

Ahh the face of Tory leadership

Ahh the nose picking of the Labour leadership

sdooley

I doubt that government contraction is the right policy now. We were virtually the only rich country not to go into recession after the dot-com bust in 2000. That was almost all down to a big boost in government spending. That should have then been cut back when times were good in 2004-2007 (the pace of growth in spending was to an extent cut but not by enough). But that's the past, all we can do now is open the floodgates and hope for a reasonably moderate course between the perils of deflation and hyperinflation. From where we are today, any inflation rate between -1% and 10% over the course of the next parliament would be a good thing, going outside these bands would be a bad thing - it is possible we could go outside the bands in both directions one after the other.

We still have relatively moderate public debt and one of the smallest structural state-funded pension liabilities per head of the G7. There is scope for further government borrowing and monetisation ("printing money") is already priced in to the value of the pound by the markets.

Cameron's fiscal prudence would require UK withdrawl from its foreign military engagements and cancellation of the Navy's new warships (just as they are needed to fight piracy in the Gulf of Aden) as well as cuts in nominal salaries across much of the public sector. The result would be sharply falling prices and a consequent further contraction of the private sector.