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Madmen in Authority
Comments
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And what if all this "headline news" talk of cuts just stops people spending money and buying houses now. ?
In other words, you're saying it stops people getting into more (private) debt.
The manufacturing sector should be leading the economy out of recovery, not another debt induced real estate boom.0 -
Nope. I have no mortgage either.
To be honest I would be happy to "suck it up" But we never overspent for 10 years - we are paying for a financial crisis. Totally different situation.
Also I'm a "money saving expert" - I don't believe the coalition is going down the most cost effective route for the tax payer. It's possible that the governments course will ultimately damaging to British Banks in which we all have a large investment.
Cameron and Osborne might well think crying wolf is good politics but it is terrible economics and it could so easily blow up in all our faces imho.
We are paying for a financial crisis because idiotic socialists listened to fags like keynes who taught us to spend ourselves out of recession, when debt was the problem. Instead of allowing the banks to fail. The fact that for 13 years, Labour stoked the flames with petrol, with a complete lack of regulation seems to have ben missed by the socialists.
Time for the !!!!less to find out what an empty belly to feel like and those idiot b*tches that thought popping 5 sprogs to 5 fathers was a path to eternal wealth.0 -
But we'll get the money back when we sell the banks. Surely we should be looking after our "investment" not going along a course that will ultimately destroy our investment?
We should never have bought bank shares in the first place Want to guess when we will get our money back, plus inflation?
Want to comment on how long it will take to achieve a yield that would have made the risk worth it?0 -
Who do you think is demanding that debts and deficits be dealt with by austerity? Paul Krugman is an idiot or being disingenuous if he thinks that it's government leaders that are driving this. It's the creditors of debts that always demand the austerity solution....
"Voices of the market" are no such thing. The market speaks via bond prices and it's not shouting at the UK yet.0 -
How about looking for a productive job instead of scabbing off the state? I work in the public sector, I would say 50-60% of the back room staff could go without anyone noticing.
If anything, it would reduce bureaucracy and increase work productivity if we could get away from the nonsense they generate.
Laura, ever contemplate the fact that labour were talking utter, complete horse !!!!!! for the past 13 years and in fact the Coalition are being honest with the populace? Ever consider your guff "always optimistic" attitude was a false sense of security and actually, things arent right?
I get that you don't like "big" government. But if that is why the coalition are ACTUALLY making big cuts why aren't they just honest about their motives instead of pretending that it is in the best interests of the country when it obviously isn't?If you keep doing what you've always done - you will keep getting what you've always got.0 -
I get that you don't like "big" government. But if that is why the coalition are ACTUALLY making big cuts why aren't they just honest about their motives?
Who gives a crap what their motives were?
The election came down to one simple choice. Economic ruination by following mentalist economic policy, vs the sensible one, take the pain and sorting out the deficit.0 -
In other words, you're saying it stops people getting into more (private) debt.
The manufacturing sector should be leading the economy out of recovery, not another debt induced real estate boom.
The bottom will fall out of all markets not just the housing market. What does your company sell?If you keep doing what you've always done - you will keep getting what you've always got.0 -
We are paying for a financial crisis because idiotic socialists listened to fags like keynes who taught us to spend ourselves out of recession, when debt was the problem. Instead of allowing the banks to fail. The fact that for 13 years, Labour stoked the flames with petrol, with a complete lack of regulation seems to have ben missed by the socialists.
Time for the !!!!less to find out what an empty belly to feel like and those idiot b*tches that thought popping 5 sprogs to 5 fathers was a path to eternal wealth.
I love this argument. It's all the socialists fault! And there was me thinking that the credit crunch was a failure of capitialism.... and George Bush is he a socialist?If you keep doing what you've always done - you will keep getting what you've always got.0 -
Who do you think is demanding that debts and deficits be dealt with by austerity? Paul Krugman is an idiot or being disingenuous if he thinks that it's government leaders that are driving this. It's the creditors of debts that always demand the austerity solution....
The trouble is that when governments do what the market want they can still have their credit rating down graded. You need look no further than Spain - passed it's austerity budget - great. Then gets down graded, why, because Fitch said Spain's austerity budget will lower it's medium term growth.
What do the markets want - they want low inflation, low deficit and low government debt - but they also want reasonable unemployment and growth.
In the end the markets may be reluctant to lend to countries with contracting economies, not just because of the obvious deficit/debt implications of a shrinking economy, but also because contracting economies and rising unemployment are not politically sustainable.
The government needs to be careful - there's a fine line between spooking the markets because you aren't cutting enough and spooking the markets because you've cut too much too quickly and stifle or reverse any growth.0 -
We should never have bought bank shares in the first place Want to guess when we will get our money back, plus inflation?
Want to comment on how long it will take to achieve a yield that would have made the risk worth it?
Well on the performance of the coalition so far - I'd say it's looking increasingly like never......If you keep doing what you've always done - you will keep getting what you've always got.0
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