60 Economists support delaying cuts.....

tartanterra

If the economists say so, then it must be right.
After all, the banks employed plenty of economists and,.......er,.........oh dear!

Rochdale_Pioneers

I wouldn't expect the economists to agree anyway. They didn't do before they all missed the crash, why should they do now?

Anyway, my view on this is to go with the consensus. The 60 economists arguing in favour of delaying cuts are in concert with the IMF, OECD, and every major government. The 20 are in line with Branson, Osborne and err thats it.

stonethrower

just listening to the BBC news and they were saying in the last recession that over 150 economists argued against sharp cuts, the cuts went ahead and most agree looking back that the economists were wrong

moggylover

abaxas wrote: »

The problem is that the super-rich and big business built the country, or we'd all be using coal to heat our stone built homes and eating meat once a week.

If you truly believe that they did that alone and without the assistance of all those at the bottom who worked and skivvied and toiled and sweated to actually dig the coal, hew the rock, make the bricks and engineer the products that the rich got rich from then you are not only a blind fool but one not worth attempting to discuss the matter with.

Indeed, I consider it the fault of every blind right wing fool that spouts EXACTLY what the uber-rich wants them to believe without actually giving it deep and intelligent thought, that our Country is once again upon its knees despite the fact that vast majority do not want too much in return for their hard labour, and would be more than happy with a steady and solid life without the boom and bust that comes from the greed of those with too much money and far too few morals.

I have never seen slash and burn work in the UK! It was the method used in a recession by the Tories, and they sold EVERYTHING that was not theirs to sell, they neglected the schools, the hospitals and the roads that had been built not by the rich but by the taxes of those that work and the toil of those that actually get their hands dirty. The sold our social housing and neglected those properties that remained in council ownership and took the profits that many councils were making from their stock of council houses and refused to allow them to improve or repair the stock that they had.

By the time they were kicked out the infrastructure of the Country was near ruined and yet they had had unprecedented amounts of money coming into the coffers and the best use they could find for it was minor tax cuts which made little difference to the pockets of the masses (who were suffering the effects of huge numbers of unemployed and therefore rapidly reducing wage rates).


I had given a lot of thought this afternoon to how to abridge what is a complex explanation of the "ripple effect" in such a way as to make a post that did not take several pages! I fear I was wasting my time as your comments make it clear that your understanding of economics are limited and the ripple effect would not concern you so long as you felt that you were safe from its radius;)

If you would like to actually see the ripple effect still carrying on 30 years after the last and harshest part of the slash and burn then I suggest you take a weeks holiday in one of the Welsh valleys that remain destitute and depressed and tell them that slash and burn works! Look their kids in the eye and tell them that they are the acceptable collateral damage of keeping the rich in their castles in the air.

aelitaman

moggylover wrote: »

If you truly believe that they did that alone and without the assistance of all those at the bottom who worked and skivvied and toiled and sweated to actually dig the coal, hew the rock, make the bricks and engineer the products that the rich got rich from then you are not only a blind fool but one not worth attempting to discuss the matter with.

Indeed, I consider it the fault of every blind right wing fool that spouts EXACTLY what the uber-rich wants them to believe without actually giving it deep and intelligent thought, that our Country is once again upon its knees despite the fact that vast majority do not want too much in return for their hard labour, and would be more than happy with a steady and solid life without the boom and bust that comes from the greed of those with too much money and far too few morals.

I have never seen slash and burn work in the UK! It was the method used in a recession by the Tories, and they sold EVERYTHING that was not theirs to sell, they neglected the schools, the hospitals and the roads that had been built not by the rich but by the taxes of those that work and the toil of those that actually get their hands dirty. The sold our social housing and neglected those properties that remained in council ownership and took the profits that many councils were making from their stock of council houses and refused to allow them to improve or repair the stock that they had.

By the time they were kicked out the infrastructure of the Country was near ruined and yet they had had unprecedented amounts of money coming into the coffers and the best use they could find for it was minor tax cuts which made little difference to the pockets of the masses (who were suffering the effects of huge numbers of unemployed and therefore rapidly reducing wage rates).


I had given a lot of thought this afternoon to how to abridge what is a complex explanation of the "ripple effect" in such a way as to make a post that did not take several pages! I fear I was wasting my time as your comments make it clear that your understanding of economics are limited and the ripple effect would not concern you so long as you felt that you were safe from its radius;)

If you would like to actually see the ripple effect still carrying on 30 years after the last and harshest part of the slash and burn then I suggest you take a weeks holiday in one of the Welsh valleys that remain destitute and depressed and tell them that slash and burn works! Look their kids in the eye and tell them that they are the acceptable collateral damage of keeping the rich in their castles in the air.

Biggest load of bollxxks I have ever read.

moggylover

nickmason wrote: »

If you consider your poverty in absolute terms, their growth will make you richer. Only if you consider your "poverty" relative to their wealth, will their growth make you poorer. And frankly, forgive me saying this, but that's a pretty sad place to be looking from.

Incidentally - if you really do want to think in relative terms, then open your eyes to our relative impoverishment against the countries that are booming.

Me - I'd rather be booming personally, knowing that both through growth and taxation I'm helping those around me.

Well, the rich have got appreciably richer during the last 20 years or so! The mean average looks good as well, and certainly the higher paid jobs have got higher and the niche jobs for those tricky little IT workers skews the situation further!

However, the minimum wage equates to very little more in REAL terms than I could earn as a temporary waitress in the 70's:D I earned £1.75 an hour then for waitressing, when I moved to Wales 20 years ago I could get £4.00 an hour for the same job. Now I would get £5.80 for the same job! Yes those rates have risen, but in REAL terms they have not! During that time the flat I bought for £27,500 has gone up to £150K, the house I bought in Wales has gone from £42K to £195K and the rents have gone up in the same drastic fashion before we even come to the leap in rates that came about with the Poll Tax and remained following its demise!

The rich have definitely got VERY much richer, please do not kid yourself that this has "trickled down" very far! For the vast majority of the country some kind of benefits (paid for by the middle classes not the super rich btw) are necessary even to have a very basic standard of living and no amount of cheap imported electronic rubbish will make up for the lack of decent, well-paid jobs and the total lack of inward investment from the super-rich that marks the last 2 or 3 decades!

BTW, I can clearly remember Mrs T pontificating about how much more willing industry would be to invest in providing those jobs once the unions were broken. I have never been able to make my mind up whether she purposely lied or whether that comment was made from the depths of complete stupidity! Whichever, she has most definitely been proved wrong;)

moggylover

abaxas wrote: »

Qualifications are useless in any field, practical experience always trumps it. All we have proven is that having more bit of paper makes you potentially just a right or wrong as the next.

As proven over and over again in this crisis, the experts have zero idea what is going on.

And you seriously believe that you know better:eek: Wow! That takes some serious megalomanic tendencies:D

moggylover

stonethrower wrote: »

just listening to the BBC news and they were saying in the last recession that over 150 economists argued against sharp cuts, the cuts went ahead and most agree looking back that the economists were wrong

I was one of those that argued against! I know many of those that argued against and I know VERY few who have changed their minds;) Don't believe everything you hear in the media:D

moggylover

aelitaman wrote: »

Biggest load of bollxxks I have ever read.

:rotfl::rotfl::rotfl::rotfl::rotfl:

Are you sure you CAN read?:D

ninky_2

yes let's think of what selling off public held (and paid for) services to the private sector has brought us. british gas, british railways, british telecom. what wonderful efficient service the profit motive has given us!

much as i feel labour has made mistakes (and some big ones), i just hope when faced with the reality of what the tories will do to this country when they get in people will stop before voting for them.