Our political class is a joke!

lemonjelly

moggylover wrote: »

I think our own Governmental system has ALWAYS been just as corrupt and manipulated as the one in America: we have just been much slower to realise it! It certainly was when I started out in the 70's and much of the corruption had been around for years.

Furthermore, whenever any policy that involves the good of the masses at the cost to the few is suggested those few just start thowing their toys from the pram and suggest they will "take their money elsewhere" so it is difficult to do the "right" thing and it often ends up a cynical watering down.

In the face of the extreme greed and manipulation involved, regulation would initially appear to be the only way to go. Unfortunately many times the "regulations" are written by those with hands on experience but a vested interest in ensuring there are lots and lots of loopholes;)

I might just stop posting & read your stuff, because it is class!:cool:

ninky_2

Kohoutek wrote: »

Yeah I don't know why people single out George Osborne for criticism when the current Chancellor and ex-Chancellor have basically no experience outside party politics either.

because the man talks out of his !!!! and whether darling or brown have had business experience or not they do seem to have a coherent economic clue.

abaxas

ninky wrote: »

because the man talks out of his !!!! and whether darling or brown have had business experience or not they do seem to have a coherent economic clue.

I think you'll find that comes from the civil servents behind the scenes.

moggylover

lemonjelly wrote: »

I might just stop posting & read your stuff, because it is class!:cool:

Keep posting LJ! I'm just a silly old lefty f@ rt: I've been told so MANY times on here:D

lemonjelly

moggylover wrote: »

Keep posting LJ! I'm just a silly old lefty f@ rt: I've been told so MANY times on here:D

Doesn't change the fact that you are so correct (imo of course...):cool:

Kohoutek

ninky wrote: »

because the man talks out of his !!!! and whether darling or brown have had business experience or not they do seem to have a coherent economic clue.

Brown's economic policy was to run a deficit in the good times expecting they would never end because he had abolished boom and bust. I don't think he has a clue at all. Under Labour's plans, we will have run a deficit every year from 2001 until 2018. What kind of 'prudence' is that? The 'boilers and bingo' pre-budget report was completely ridiculous, giving no indicate on how the deficit will be reduced.

Now Labour's economic policy is now to borrow enormous amounts of money until the economy 'recovers', ignoring the underlying problems: too much consumer debt, inflated house prices, under-regulated financial system with 'too big to fail institutions'.

How are we going to pay all this debt back? The situation is very different than after WWII. Then, we had extremely high personal tax rates (over 75% for top rate), a young population, an economy that didn't depend so strongly on consumer spending, access to cheap energy. In the decades to come, we won't have any of those, so I don't see how all this debt can be paid back.