If we're out of the woods now ... who gets the credit?

penguine

There's been lots of talk the past few weeks that the recession is now technically over, and didn't turn out to be as bad as it was looking a year ago. The economy seems likely to be sluggish for several years yet, and we've got massive public debt to pay off, but I've read a number of economists saying that the decision to throw money at the problem via bailouts and QE was the right one because it averted another Great Depression.

So what I'm wondering is ... if you personally think the worst of the recession is now over, do you give the government credit for making the right decisions in the face of imminent financial catastrophe?

Really2

Me, the only person who made the decisions that will not cost me and a family a fortune no matter what happens.

On a serious side even though I am not a labour fan they have not really done that bad in the crash.

It was their stupid spending in the boom that fooked us.

PasturesNew

I've no idea... I don't actually know what they actually did or how that helped or not. I can't say I'm interested really either.

I have an attitude of: it doesn't really matter what I do or think, they'll do what they want and whatever they choose it'll cost me more money... so I've left politicians to it.

purch

If we're out of the woods now ... who gets the credit?

We're not...............so nobody is the answer.

Everything is very fragile, and nobody can say with any certainty what is around the corner.

The measures taken to avert a depression/crisis are unprecedented, unproven and the ultimate results unknown.

We may have dodged one bullet, only to be walking straight into another.

I think I'm going to wait a while before dishing out too much credit to anyone.

Cat695

Personally I don't think the worst is over......we haven't had any tax increases yet (less the fuel one which is going to go up again).....when they come in things will change

However I believe because of the up and coming elections etc Labour will fool people by keeping things low for now.....who ever gets elected will have to pay off the massive debts the UK now has and we will see huge rises in many areas which will cause many many problems for pretty much everyone.

Really2

Really2 wrote: »

Me, the only person who made the decisions that will not cost me and a family a fortune no matter what happens.

On a serious side even though I am not a labour fan they have not really done that bad in the crash.

It was their stupid spending in the boom that fooked us.

Bloody hell on more important news rewired thanked someone considered to be a "bull"

Get me some water

Pennywise

Wasn't it an international agreement to borrow to pump money into the economy? Would we have done it if other countries hadn't? Would we have refused to do it if we believed it wrong despite other countries doing it? Did we actually make any strong and firm decisions or did we just follow everyone else like sheep?

System

Anyone who was relying on a crash to buy a place wouldn't vote labour even if they solved world hunger and saved the whales now.

Unfortunately that's politics for you, a load of pathetic crap.

Cat695

Joeskeppi wrote: »

Anyone who was relying on a crash to buy a place wouldn't vote labour even if they solved world hunger and saved the whales now.

Unfortunately that's politics for you, a load of pathetic crap.

I think people won't vote labour because working people are sick to death of paying out for people who can't be [EMAIL="ar@sed"]ar@sed[/EMAIL] to work........which Labour seem to love making people do.

StevieJ

I have been quite impressed by AD he was handed a poison challice and has given me the impression of being a steady hand (rightly or wrongly).

penguine

Pennywise wrote: »

Wasn't it an international agreement to borrow to pump money into the economy? Would we have done it if other countries hadn't? Would we have refused to do it if we believed it wrong despite other countries doing it? Did we actually make any strong and firm decisions or did we just follow everyone else like sheep?

I'm not a fan of Gordon Brown but I think this was one instance where he really did take decisive action. IIRC Britain was one of the first countries to step in and part-nationalise its banks when they were starting to fall like nine-pins.

If the boom hadn't been allowed to get out of hand, it wouldn't have been necessary, but given the situation at that point it was probably the right decision.