Is the recession really Brown's fault?

Rochdale_Pioneers

BACKFRMTHEEDGE wrote: »

I take it from your lack of response, that you couldn't. Don't worry it would take me all night too.:p

Oh for God's sake. Lets not get into a "the other side did nothing right" pie-throwing contest. I've had enough of effate morons saying that about Labour and now you two are saying it about the Tories.

On balance I think that Labour do a much better job, but thats not to say that all Labour does is brilliant and everything the Tories did was rubbish. Your kind of politics is what 5 year olds do in the playground. You have no interest in your country, the issues or in people, you just want to score petty points

Grow up.

BACKFRMTHEEDGE

Rochdale_Pioneers wrote: »

Oh for God's sake. Lets not get into a "the other side did nothing right" pie-throwing contest. I've had enough of effate morons saying that about Labour and now you two are saying it about the Tories.

On balance I think that Labour do a much better job, but thats not to say that all Labour does is brilliant and everything the Tories did was rubbish. Your kind of politics is what 5 year olds do in the playground. You have no interest in your country, the issues or in people, you just want to score petty points

Grow up.

And that's a grown up response

stevsand

Generali wrote: »

Debt was repaid by the Conservative Government in 1988 and 1989. Check the Blue Book. Debt was incurred by the Labour Government in every year from 2001-2008.

The size of the UK debt depends on how you measure it. For example, Civil Service pensions, bank deposits for RBS and the state pension are all real liabilities but not reflected in debt levels. The same was true under the Tories but AIUI, unfunded liabilities have increased hugely under this Government due to the expansion of the state and PFI.

If you honestly believe that the UK is in a better fiscal position than in 1997 then you don't understand the problem.

TWO WHOLE YEARS:rotfl:

ad9898_3

BACKFRMTHEEDGE wrote: »

By the way Laura forgot to mention something truly unforgivable that the Tories did which was to support apartheid




Of course there was also the miners strike





Greenham Common


Not to mention the Falklands War, the problenms we had with the Irish including the hunger strike and mass terrorism, the cold war, the Westland Affair, the Liverpool Dockers strike

and there was always that charmer Norman Tebbit who told us all to "Get on our Bike"

Gee - we have so much to look forward to.:rolleyes:

Christ, this thread asked if Brown is at fault for the current meltdown, the answer is an unaquivocal yes, but it's turned into a Scargill, lesbo hippy cheering thread.:D.

BACKFRMTHEEDGE

ad9898 wrote: »

Christ, this thread asked if Brown is at fault for the current meltdown, the answer is an unaquivocal yes, but it's turned into a Scargill, lesbo hippy cheering thread.:D.

I don't where you got the unequivocal yes bit from....

ad9898_3

BACKFRMTHEEDGE wrote: »

I don't where you got the unequivocal yes bit from....

If you are in charge when the s**t goes through the fan, you are at fault. It's simple, he took credit for the '97 to '07 boom ( in fact he never shut up about it:rolleyes:), turns out those 10 years were just a huge ponzi scheme, a mirage, a house of cards, therefore by his own admission of taking all the credit for that time, he his at fault.

macaque_2

BACKFRMTHEEDGE

Calm down - economic activity has gone back to the levels of 2007 not 1937. Get some perspective.

To make such a comment, you must be working in the public sector. I don't feel calm at all. I have never seen things as bad as this. I know three companies on the verge of bancrupcy. Everyone is cutting staff and freezing spending. Companies like Pfizer and GSK are closing major facilities in the UK. The economic activity that survives is being heavily sponsored by the government. How long can that last and what will happen to interest rates the government's credit rating hits the buffers?

1) Mortgage holders don't complain when interest rates go through the roof what makes savers so different?

Oh come on! Of course mortgage holders complain when when interest rates go through the roof. Likewise, pensioners raise the alarm when their income dissapears due to low interest rates.

2) Unemployment is only at levels of a few years ago - where you complaining then?

Unemployment is back to the level of 10 years ago. This takes no account of the hidden unemployed or the fact that the majority of the jobs created in recent years have been funded by the tax payer.

3) LOL you haven't even read today's news. Did you not see the GDP figures out of Europe. Did you not see Germany's figures?
http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/
Country's need consumers & investors. People who tuck their cash under the mattress are no use to anyone.

Germany has its problems but not on our scale.

4) The country is not a shambles - that is scaremongering

Some banks are only surviving with massive injections of state aid. Unemployment is rising by 100,000 a month and accelerating. Companies are going bancrupt at a faster rate than 1991. This I'm afraid adds up to a shambles.

5) The United Kingdom has the 5th largest economy in the world
http://en.wikipedia.org/wiki/The_United_Kingdom

And over the past 10 years, this position has owed much to rising public sector debt, rising private debt and financial services and property. Where will we stand once all the bills have been paid?

And finally, given the amount of bile piled on the Labour Party on this board, I think you have a cheek picking on this poster. And Finally, finally you should stop reading the daily torygraph

New Labour have wrecked the economy, undermined freedom of speech and left the financial sector to turn into a glorified casino. That casino has lost everyone's money. Is it any suprise that people are angry.

monkeymo

Brown was in charge of the economy for 10 years, during which time he hid the real state of our shrinking tangible goods market by hiding behind the housing and financial services boom. When these both went down the karzy, there was nothing tangible left...

StevieJ

BACKFRMTHEEDGE wrote: »

Sorry to butt in - but name me one good thing that happened under the Tories? All I remember is strife. However, I do live in Liverpool, maybe things were different elsewhere.



PS we are booming now. You wouldn't recognise our town centre. Don't think the Toreis will be winning many seats here;)

96 wasn't bad, Double, Double and beat Liverpool in the final with an Eric goal :beer: But I know what you mean :eek: also "I'd love it if we beat them! :rotfl:

setmefree2

macaque wrote: »

Germany has its problems but not on our scale..

I'm afraid the facts show this statement to be incorrect.These are the figures or 4th Quarter GDP:-

4th Quarter GDP

USA -3.8
Japan -2.5
Germany -2.2
France -1.8
Portugal -2.0
Finland -4.8%

The UK was -1.5

Britain's economic model is no worse than any other model, and ultimately may prove better. Look at Japan and Germany - it's not great to have an export driven saving based economy, it leads to many problems. You have to develop internal consumption.

Hopefully, it will prove to be that the UK econonmy is more resilient than the (largely) Tory media are suggesting.

I do apprecaite that the UK face massive difficulties. But they are the same difficulties everyone else faces.