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The destruction of the Middle Classes commences
Comments
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Alan_Cross wrote: »The OP exaggerates, perhaps, but his basic theme is valid.
You had your chance and you lost the election, Get over it.
The Tories and the Libdems may be incompetent imbeciles, but you could only believe Labour was any better if you had been locked incommunicado at the bottom a mineshaft, for the past decade.0 -
Alan_Cross wrote: »Tory supporters on these fora lambasted Gordon Brown for putting inadequate safeguards in place against the bonus culture and cloud cuckoo financial management - while, needless to say, quietly forgetting that Thatcher and Major between them had left absolutely zero regulation in place.
The UK banks doubled mortgage lending between 2003 - 2007 by £600 billion to £1,200 billion by using securitisation and wholesale funding.
As Labour came into power in 1997.
Any Tory or Lib connection is extremely tenuous.
Labour cannot sit and deny forever that it was only a global financial crisis.
Please ask your masters to write better spin. Its just not washing anymore.0 -
Alan_Cross wrote: »The OP exaggerates, perhaps, but his basic theme is valid.
Tory supporters on these fora lambasted Gordon Brown for putting inadequate safeguards in place against the bonus culture and cloud cuckoo financial management - while, needless to say, quietly forgetting that Thatcher and Major between them had left absolutely zero regulation in place.
The flight of jobs to lower salary countries will now accelerate as the Tories, equally quietly, abandon middle class professionals during Sunday morning, golf course stitch-up chats in favour of this dividend payout or that yachting holiday invitation.
It's the Tory toff way. Always has been. Always will be. No amount of conscience-ectomied Libdem figleaves will be able to hide the fact eventually.
What a load of rubbish. Financial regulation and offshoring aren't party political issues. Gordon Brown is/was one of the biggest cheerleaders for globalisation.0 -
You had your chance and you lost the election, Get over it.
The Tories and the Libdems may be incompetent imbeciles, but you could only believe Labour was any better if you had been locked incommunicado at the bottom a mineshaft, for the past decade.
Personally I believe all mainstream politicians are corrupt scumbags. Nothing short of revolution will change things in this country, alas.0 -
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Personally I believe all mainstream politicians are corrupt scumbags. Nothing short of revolution will change things in this country, alas.
If the stories on this board are true – 25% bigger population and mass middle class unemployment to offshoring then I don't see how business as usual is going to be sustained...0 -
I was interested to see that the outgoing MD of AXA insurance in the UK casually mentioned that living standards in the West were going to drop. I've seen this coming for a long time - it was obvious that globalisation would start to hit the middle income jobs as well as manufacturing - but it's always been swept under the carpet before. I discussed it with my kids 5 years ago, and they thought I was crazy.No reliance should be placed on the above! Absolutely none, do you hear?0
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did the US banks increase lending in this period too?Thrugelmir wrote: »The UK banks doubled mortgage lending between 2003 - 2007 by £600 billion to £1,200 billion by using securitisation and wholesale funding.
As Labour came into power in 1997.
can we point that finger of blame at Gordon Brown and Labour too for that one?0 -
did the US banks increase lending in this period too?
can we point that finger of blame at Gordon Brown and Labour too for that one?
You can certainly blame it on the same impulse. One of the reasons US banks increased mortgage lending is because they were compelled to by a Democrat controlled US government.0 -
really?? the republicans were in power from 2001-2009... they're more right wing... are we blaming the democrats who were in power before then now but you can't blame the tories who in power before Labour? that's a bit inconsistent isn't it...You can certainly blame it on the same impulse. One of the reasons US banks increased mortgage lending is because they were compelled to by a Democrat controlled US government.
but anyway the point is that it has nothing to do with political ideology - Labour, Conservative or even Lib Dem viewpoints. it has nothing to do with the political views of Democrats or Republicans either.
it's irrelevant and brings up unnecessary partisan arguments that have very little to do with it.0
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