Is the recession really Brown's fault?

MrFonzerelli

Rochdale Pioneer, GDP is measured in dollars for international comparison.

Anyone that is indoctrinated to refer to a Political Party as 'us', is unlikely to be objective on these matters.

Still maintaining the 'boom and bust is over' 'big lie?

SGE1

ad9898 wrote: »

I just call it as I see it, don't like it ??, use ignore, otherwise grow up.

Just to edit... I see you were wound up enough to pick me up on a slip in the spelling of unequivocal ( a slip of a keystroke in this case rather than an IQ issue , I always think this is scraping the barrel when people have to resort to this IMHO)

The problem with attacking someone personally as regards to this sort of thing is it doesn't take long to find something on them, 2 minutes in this case, Mr 200+IQ:rotfl:, read below, I've highlighted your rather inadequate spelling.:D

Link.
http://forums.moneysavingexpert.com/showthread.html?p=18642441#post18642441



Er, by that logic then, everyone who voted in this Government is also responsible by proxy?

And every woman who gave both to someone who voted for this Government is also reponsible ???( !!!!!! is that ) reponsible? They are after all part responsible for the "construction" of the "playground" of kids that allowed the Government to "play unsupervised".

:rolleyes:

:rotfl: I think Stevie's highlighted the irony of your comments already.

And, in my defence, yes my spelling was inadequate, but to be fair I did spell the word correctly in two other instances in the same post, so you could have found a better example.

I also find it amusing that you didn't even pick up the fact that my post didn't make sense. I wrote "both" instead of "birth", I've just realised.

See, you're not even very good at criticising!

SGE1

MrFonzerelli wrote: »

Rochdale Pioneer, GDP is measured in dollars for international comparison.

Anyone that is indoctrinated to refer to a Political Party as 'us', is unlikely to be objective on these matters.

Still maintaining the 'boom and bust is over' 'big lie?

What interesting logic you have. Are you suggesting that anyone remotely involved in something cannot have an unbiased opinion on it?

Rochdale_Pioneers

SGE1 wrote: »

What interesting logic you have. Are you suggesting that anyone remotely involved in something cannot have an unbiased opinion on it?

And as I am a member of the governing party of course I am going to say "us".

And he failed to answer my point. I know that the US Dollar is the currency used as a benchmark. But if the dollar rises or falls what does that have to do with our economic output? Gross Domestic product is well, domestic. Not what that is worth if another currency has a good year or bad. The pound sinking faster against the Dollar than the Euro does not suddenly make our output less than France. Especially when the French economy is contracting faster than ours.

Generali

Rochdale_Pioneers wrote: »

And as I am a member of the governing party of course I am going to say "us".

And he failed to answer my point. I know that the US Dollar is the currency used as a benchmark. But if the dollar rises or falls what does that have to do with our economic output? Gross Domestic product is well, domestic. Not what that is worth if another currency has a good year or bad. The pound sinking faster against the Dollar than the Euro does not suddenly make our output less than France. Especially when the French economy is contracting faster than ours.

Because GDP = Consumption + Investment + Government spending + exports - imports

If the value of sterling falls, GDP falls as the value of imports in sterling rise and the value of exports fall.

Longer term that may be offset by an improvement in the terms of trade due to a lower currency.

If the UK's buying power is reduced by a fall in the value of sterling, the typical person's standard of living falls. Of course anyone who doesn't consume imported goods (like gas, petrol, clothing, furniture, food or computers for example) won't see a drop in their standard of living.

Your argument has been used before by Harold Wilson:

http://news.bbc.co.uk/media/avdb/on_this_day/audio/85000/nb/85032_16x9_nb.asx

Bettyboop

Hmm, I don't think Brown is to blame this recession is in fact worldwide. If the wind changers direction or we have a shortage of something or other he gets blamed why I do not know.

MrFonzerelli

SGE1 wrote: »

What interesting logic you have. Are you suggesting that anyone remotely involved in something cannot have an unbiased opinion on it?

I'm saying that Individuals who are members of political parties are unlikely to have an unbiased opinion on the state of the economy or who's to blame.

MrFonzerelli

An interesting article on the economic conditions across (some of) Europe.
http://www.independent.co.uk/news/business/news/europes-recession-worsens-1609258.html

nickmason

SGE1 wrote: »

What interesting logic you have. Are you suggesting that anyone remotely involved in something cannot have an unbiased opinion on it?

Interestingly, this is something of a principle in much of local government. If you have already expressed an opinion, then you're guilty of being literally prejudiced, and are expected to exclude yourself from the deliberations.

So local planning issues often have to exclude the local representative, questions of taxi licensing require us to exclude any councillors who happen to know about taxis by dint of being taxi drivers, etc, etc.

I can understand the idea, but it actually just reinforces that permanent professional civil servants are dominant over elected representatives, by removing those that have the knowledge to challenge.

I genuinely don't know whether it was deliberate cynical ploys from central government to disenfranchise local government, or just the playing out of the rules of unexpected consequences.

Either way, I'm glad that the conservatives are promising to repeal it.

StevieJ

Freedom for Tooting John Sullivan what a writer.