mr brown really mr bean in disguise

Jennifer_Jane

"Its all very well being wise after the event. I don't remember hearing a wall of criticism of what Brown and everyone else was doing at the time. A couple of lonely voices yes, but the reality is that had Brown done what the press and the Tories and you lot berate him for not doing, he would have been universally slaughtered for it. And frankly that is a reality that you lot know fully well to be true."

Most of us have our own jobs to be doing, his party were voted in to do their's which is to look after the economy, not sell off gold during boom times, not make poor people poorer (the 10p fiasco, when he was warned that there was going to be a fuss and he just shrugged his shoulders), and so on. He promised 'no more boom and bust', we didn't. Don't blame us for this!

And see my previous reference to the South African Budget where the SA Finance Minister talks of recession being imported from Developed to Developing Countries. Global recession because of the US and UK's lack of regulation and consumate greed by bankers who were not banking (which we - the public - assumed they were doing) but gambling.

Jen
x

mewbie_2

Jennifer_Jane wrote: »

...the 10p fiasco...

The Labour MP's all cheered the original announcement by the then Chancellor - GB. Months later he claimed he hadn't realised it would make some poorer people worse off. Then he claimed he couldn't do anything until the next budget. Then made some people who hadn't originally been affected better off, while leaving some of the poorer people worse off. Rather than just reverse the wrong decision. Or find a better way.

A man, and a party - who don't understand how to run things, who don't understand what they are doing, who cannot see their mistakes, and finally cannot admit to messing up.

This is enough for me - just one issue - to sum up the whole sorry mess.

QuasarsSockie

mewbie wrote: »

The Labour MP's all cheered the original announcement by the then Chancellor - GB. Months later he claimed he hadn't realised it would make some poorer people worse off. Then he claimed he couldn't do anything until the next budget. Then made some people who hadn't originally been affected better off, while leaving some of the poorer people worse off. Rather than just reverse the wrong decision. Or find a better way.

A man, and a party - who don't understand how to run things, who don't understand what they are doing, who cannot see their mistakes, and finally cannot admit to messing up.

This is enough for me - just one issue - to sum up the whole sorry mess.

You've got a big mouth. Keep out of the moneysavers if you know what's good for you.

1echidna

Yes Brown's behaviour may have been inevitable and one can argue to what extent we were in the vanguard or stoking up the boilers too much on our ship when the fleet of advanced economies hit the rocks. However it is undeniable that he was at the helm of our particular ship and uttered on frequent occasions the crass assertion that he had engineered an 'end to boom and bust'.

mr.broderick

QuasarsSockie wrote: »

You've got a big mouth. Keep out of the moneysavers if you know what's good for you.

lol :rotfl: :rotfl: :rotfl:

mr.broderick

mewbie wrote: »

So do I. But I tell my wife I'm researching important financial information on here and a picture of someone's willy warmer smiling out does not help my cause.

I'm on the floor laughing here..:T

Rochdale_Pioneers

1echidna wrote: »

However it is undeniable that he was at the helm of our particular ship and uttered on frequent occasions the crass assertion that he had engineered an 'end to boom and bust'.

Thats what happens when you believe your own press. Brown really did think that he had broken the cycle - and for a while he had (when was the last time we had 15 years of growth). But the idea that bust - a normal function of the economic cycle - can be banished is laughable.

Still its not like he is the only chancellor to have an ego that grows bigger than reality. Lawson said a similar thing about his own "economic miracle" - right before the wheels fell off.

littlemrtinkle

so where do we go from here?

does he reverse his interest policy? bring back higher rates encourage foreign investors to bring their money into the country.

does he build new power stations to help ease the energy crisis, build more roads, and affordable housing that britain desperately needs. get the government creating jobs

severn tidal power another idea.

do we stop immigration for non eu members.

do we just sit back and let the bubble burst and wait for a recovery.

These are some on the ideas that have been banded about, will any work though?

dacouch

Me thinks we will just get more spin, its what they do well

Wookster

Rochdale_Pioneers wrote: »

but what exactly would have been done differently.

Well you could start by reading my post above - had interest rates been targeting the RPI instead of the CPI we would be in a much better position now.

Rochdale_Pioneers wrote: »

We know from places like Spain that having a tight regulation of banks did sod all in stopping this crash - they're in it worse than we are in terms of output drops and unemployment. And they're spending oceans of cash as we are. What they're not doing is bailing out their banks as they don't need it.

You are still missing the point here. No one is saying that the UK would have been immune from the financial crisis. Instead we might have caught a cold rather than bird flu :rolleyes:

Rochdale_Pioneers wrote: »

A couple of lonely voices yes, but the reality is that had Brown done what the press and the Tories and you lot berate him for not doing, he would have been universally slaughtered for it. And frankly that is a reality that you lot know fully well to be true.

There were quite a few voices and as chancellor simply saying "its hard to see risks" is not good enough. Gordon should have been more tuned into what was happening. Surely 5X+ mortgages just to get on the housing ladder is a bit daft and surely you don't need to be a rocket scientist to see that.