Coalition crack on to cutting benefits to Baby Factories

Kenny4315

The simple fact of the matter is I knew and many others on here knew the economic methods that were employed by Brown and his chums, were going to lead to meltdown long before it occured. The BoE could easily have been guided along government directions if that was required, and that would have controlled money supply to other UK financial instituitions, and supply into both the economy and the housing market. For example, in September 2007 I sold a house for £324k) that I bought in 2000 (for £120k), it wasn't hard I knew it made sense to control my debt levels and it didn't take a great deal of analysis to come to the conclusion that there was nothing really backing up the UK economy, except consumer spending. It doesn't take a rocket scientist to work out the economy was all driven by debt and speculation, which Brown heartily encouraged.

Why didn't Mr Brown think wait on a minute things are going to go bang shortly and put a bit aside for a rainy day or lets start controlling this situation. He could easily have gone to the BoE and requested that interest rates be pushed up sooner, to control the situation, but he didn't. At the very least he could have reigned back non-productive costs such a these ridiculous amounts of benefits to chavs with no intention of ever doing anything.

This election was this first time i have ever voted Conservative, and I am glad to see they are tackling issues of benefits, public sector pensions and all the other unaffordable nonsense that has been left unchecked in recent times.

Kohoutek

Alan_Cross wrote: »

1. GB managed a successful economy for 10 years, better than anything ever managed before.

Which of Gordon Brown's policies in particular to you believe contributed significantly to making the economy successful?

You say that the financial crisis was caused by worldwide forces and beyond his control...why wasn't the period when the economy was healthy caused by forces beyond his control too?

Alan_Cross

StevieJ wrote: »

Are you seriously suggesting that a Tory govt would have interfered with banks and reigned in their borrowing? and if I remember correctly a great many economists were lauding the golden scenario of low inflation and low unemployment.

It's pointless arguing with these Tory frothers.

In their own heads, they have successfully re-written history to make out that the previous government was the root of all evil and that their laughable cobblition is some kind of Holy Cause.

By now, only a few months after the self-serving, sleazy stitch up, there have already been enough clues to the electorate to show them they made a wrong choice in not re-electing Labour.

angrypirate

Alan_Cross wrote: »

It's pointless arguing with these Tory frothers.

In their own heads, they have successfully re-written history to make out that the previous government was the root of all evil and that their laughable cobblition is some kind of Holy Cause.

By now, only a few months after the self-serving, sleazy stitch up, there have already been enough clues to the electorate to show them they made a wrong choice in not re-electing Labour.

I remember saying in 2004 to much ridicule that there was far to much borrowing going on and sooner or later it would all in a crash. I am no economist or banker. Just someone with an education who can think for themselves.

Gordon Brown continually moved the goal posts in order for it to always appear that the UK economy was booming. He said that he would not let house prices get out of control and he also said that he wanted to encourage risk taking in the city and that he had got rid of boom and bust. The only reason why the bust didnt happen sooner is that he kept on taking out credit card after credit card so the boom could go on for longer. A more responsible Chancellor would not have done this. Quite clearly the man was dillusional and so are you.

Alan_Cross

Kohoutek wrote: »

Alan_Cross wrote: »

1. GB managed a successful economy for 10 years, better than anything ever managed before.

Which of Gordon Brown's policies in particular to you believe contributed significantly to making the economy successful?

Take your pick:

BoE regulation of interest rates

Minimum wage

Reversal of funding of Tory 'good health and education only for the rich' policy

Investment in public services

Not joining the Euro

Reduction in Corporation Tax, particularly for small businesses


The list goes on and on and represents a true fairness agenda, not the crappy, reduce-the state, hidden motive being pursued by the current rabble. His only error IMHO was to stick to the rubbish, 1997 election pledge of keeping the Tories' awful spending levels for two years - otherwise he would have been even more successful.

greenbubble

Alan_Cross wrote: »

It's pointless arguing with these Tory frothers.

In their own heads, they have successfully re-written history to make out that the previous government was the root of all evil and that their laughable cobblition is some kind of Holy Cause.

By now, only a few months after the self-serving, sleazy stitch up, there have already been enough clues to the electorate to show them they made a wrong choice in not re-electing Labour.

if gordon brown was a follower of keynes as i believe he was, why did he not save during a boom ready for the bust ? rather than carrying on borrowing and spending.

this is without even mentioning about selling our gold reserves at roughly a quarter of todays prices.

to clarify i have never voted tory in my life , also i have voted for labour over the years more times than for anyone else (regretably so)

i just get a feeling im being trolled by some one wearing rose tinted spectacles.

green

Alan_Cross

angrypirate wrote: »

I remember saying in 2004 to much ridicule that there was far to much borrowing going on and sooner or later it would all in a crash. I am no economist or banker. Just someone with an education who can think for themselves.

Gordon Brown continually moved the goal posts in order for it to always appear that the UK economy was booming. He said that he would not let house prices get out of control and he also said that he wanted to encourage risk taking in the city and that he had got rid of boom and bust. The only reason why the bust didnt happen sooner is that he kept on taking out credit card after credit card so the boom could go on for longer. A more responsible Chancellor would not have done this. Quite clearly the man was dillusional and so are you.

'Dillusional'..?


Look it up in a dictionary and see, surprise, that just like your version of history it does not exist in reality.

The crisis happened through irresponsible lending in (mainly American) sub-prime markets and similar inter-bank trading.

I repeat: at least GB brought in some, if inadequate, regulatory supervision of the lending markets. He had been left with NONE by the outgoing Tory shower who virtually invented the concept of private house ownership = good, renting = bad.

Percy1983

Yet again proven I was right to vote Tory this time.

sunshinetours

Alan_Cross wrote: »

Kohoutek wrote: »

Alan_Cross wrote: »

1. GB managed a successful economy for 10 years, better than anything ever managed before.

Take your pick:

BoE regulation of interest rates

Minimum wage

Reversal of funding of Tory 'good health and education only for the rich' policy

Investment in public services

Not joining the Euro

Reduction in Corporation Tax, particularly for small businesses


The list goes on and on and represents a true fairness agenda, not the crappy, reduce-the state, hidden motive being pursued by the current rabble. His only error IMHO was to stick to the rubbish, 1997 election pledge of keeping the Tories' awful spending levels for two years - otherwise he would have been even more successful.

Not joining the Euro was indeed a good idea - thats about it really

As people have said before the idea of idealistic socialism is actually pretty good. The reality is it can very rarely be realistically funded, and the same final result usually occurs (obviously this is helped when the world's economy also collapses masking the truth!)

Lowering corporation tax rates for small businesses so that many small businesses incorporated and benefited from paying very little if any tax, was a monumental schoolboy c**k up. Later rectified by more and more draconian legislation accussing all and sundry of tax evasion.
The last government was nothing but a joke in the business world I am afraid and that is what will be written in history - and to coin your phrase - FACT

I am no die hard Tory by (voted Nu Labour after falling for the propoganda first time round) but I certainly do see through GB and his misguided "reign". Unfortunately most politicians are self serving greedy egotistical individuals so I am under no illusions that the current crop are in reality any different

You can try and belittle people or shout people down with "FACTS" as much as you like but the truth will ultimately come out and history certainly will record Labours reign, but not as you describe it

Alan_Cross

greenbubble wrote: »

if gordon brown was a follower of keynes as i believe he was, why did he not save during a boom ready for the bust ? rather than carrying on borrowing and spending.

this is without even mentioning about selling our gold reserves at roughly a quarter of todays prices.

to clarify i have never voted tory in my life , also i have voted for labour over the years more times than for anyone else (regretably so)

i just get a feeling im being trolled by some one wearing rose tinted spectacles.

green

All the closet Tories on here spend half of their posts denying the fact.

GB wanted to ensure the continuing reversal of appalling Tory underspending on the health and education services which 95% of the population uses. 17 years of Thatcherite policies had to be seen off.

I remember the state of my local school's roof and the unbelievable trolley queuing in my local hospital, even if you don't. Why don't we hear much about waiting times for hospital procedures these days? Gordon Brown is the reason...