If the recession really does end soon ?

kennyboy66_2

If the recession really does end soon ?

Which of the worlds governments have put the best policies into place since the credit crucn started ?

Conrad

Morocco's for me - GDP still growing throughout

mitchaa

Australia escaped i think

ad9898_3

For me, the bad times will continue until we finally know how we are going to pay back the money that the government has borrowed (more debt) to stop the debt fuelled balloon from deflating completely.

I still don't know how they are managing to hoodwink people, for example, if I had a debt problem, say I owed 20k on a credit card, I can't imagine that the answer to my problems would be to get another credit card and spend another 20k, although it would feel good whilst I was spending it, this, I believe is the mode the government are in at the moment.

Two days ago, I heard Gordon Brown proudly explain how public spending was going to rise from £650 billion this year to £708 billion in 2012, how so ?, when I believe only £550 billion is going into the government coffers this year and is likely to get less over the coming years as the recession plays out and unemployment rises.

So to answer............ not the UK.

lemonjelly

Ad, the example you have just typed here is EXACTLY the formula used by the vast majority of joe public over the past 10 years or so in managing there personal debt.

Net result...where did I put the latest bankruptcy figures?

purch

So to answer............ not the UK

Definately...........if the 'recession' actually does end, and we return to a decent level of growth relatively quickly.

nearlynew

Do you actually beleive that governments have any influence on the way things turn out?

how quaint

StevieJ

nearlynew wrote: »

Do you actually beleive that governments have any influence on the way things turn out?

how quaint

Yes Brownie could have joined the Euro :eek:

lostinrates

kennyboy66 wrote: »

If the recession really does end soon ?

Which of the worlds governments have put the best policies into place since the credit crucn started ?

Is at simple as that? Not all governments started with a blank canvas. They had different political demands, different sorces of wealth, different areas needing spending and investment: while the problems might have been widespread the states going into them were different, no?

Snooze

ad9898 wrote: »

Two days ago, I heard Gordon Brown proudly explain how public spending was going to rise from £650 billion this year to £708 billion in 2012, how so ?

It's coming out of your wages.

R

CLAPTON

Snooze wrote: »

It's coming out of your wages.

R

if you mean that some of the money will be coming out of the tax of those who will be re-employed and tax of companies whose profits will rise, than in that sense you are correct