Here is an idea to overcome this recession/depression

carolt

Anyway, it's far too sensible to actually happen.

You only get wodges of dosh from govt if you hobnob with ministers frequently enough and/or donate to party funds.

Anyone else doesn't count - barely exists, except as a token vote-owner (and so only exists in any meaningful sense every few years - or not at all, if the seat is too safe/unwinnable).

That said, I was shocked recently to discover that an old school and uni acquaintance - we were never close - who's a facebook friend now, has Hazel Blears and Alistair Campbell on her 'friends' list on page 1. Having looked at page 1, I took fright and will now never know if I'm with Gordon or Tony on page 2..... (Should add, she's married to a high-up Labour apparatchik.) Maybe I should ask for some favours?

Hmmm, where to start?.........

tomterm8

lippistix wrote: »

[FONT=Arial, sans-serif]Economies are consumer lead, therefore people of the UK need confidence to start spending again.[/FONT]

[FONT=Arial, sans-serif]Pouring money into the failing car industry for instance is only a short term solution: What happens when there are [/FONT][FONT=Arial, sans-serif]still[/FONT][FONT=Arial, sans-serif] no orders for new cars a few months down the line? Companies and employees will be back to square one with their jobs no more secure than they are now.[/FONT]

[FONT=Arial, sans-serif]An idea for recovery is for the government to give each of the UK's adults, in principle, a sum of around five to ten thousand pounds to be spent [/FONT][FONT=Arial, sans-serif]only[/FONT][FONT=Arial, sans-serif] in the UK, within say a six month time limit. These funds may be realised by way of vouchers or coupons. [/FONT]

[FONT=Arial, sans-serif]This money can be spend as an example; paying off a debt or mortgage, buying a new car or household goods (British made or foreign imports), or even holidaying within the UK![/FONT]

[FONT=Arial, sans-serif]Something along these lines would once again stimulate consumer spending thus kick start the economy. Would be a good balance to boost all sectors from manufacturers to shop workers. This seems preferable to throwing billions at failing individual industiries such as cars, and be a cheaper solution for the tax payer in the long term. Ulimately the tax payer would pay for all this, (as would with bail outs anyway), so it would be good for 'the man on the street' to benefit – for once![/FONT]

Sure an economic turnaround would be realised in just a couple of months!

Look forward to your comments, thank you

I would love £10,000, so it is a very popular policy with me, and like all great policies it does nothing to solve the problem, so you'd just have to keep giving me money! Fantastic.

Erm, the fundamental problem is too much debt. The fundamental solution is to pay the debt back or go bankrupt. This is precisely what many people in the UK are doing. Household savings rates will need to move to over 6% before we see a sustainable the end of the recession. People actually need to build wealth, not debt.

Austin_Allegro

tomterm8 wrote: »

I would love £10,000, so it is a very popular policy with me, and like all great policies it does nothing to solve the problem, so you'd just have to keep giving me money! Fantastic.

Erm, the fundamental problem is too much debt. The fundamental solution is to pay the debt back or go bankrupt. This is precisely what many people in the UK are doing. Household savings rates will need to move to over 6% before we see a sustainable the end of the recession. People actually need to build wealth, not debt.

Exactly. Unless we have a total change in our economic system, the next best thing is a long period of austerity, with public spending cuts, tax increases, saving, making do and mending. Patch ups and stimulii are just prolonging the inevitable.