Shameless labour

abaxas

Flyboy152 wrote: »

And all the homes that would be repossessed, I suppose the people who would be homeless don't matter, do they?

What kind of LSD induced world do you live in?

Why should someone have the right to something they cant pay for?

FTBFun

I think part of the problem is most politicians have very little experience of the real world - usually after doing the PPE at Oxbridge its off to some think tank and then into Parliament.

tattycath

shortchanged wrote: »

I think the tories biggest flaw was their doom and gloom message they portrayed before and after the election.
Yes this country was in a financial mess but so were a large proportion of the rest of the countries in the world. The UK was not on its own in all this mess.

Yes and When Gordon Brown was Prime minister he said that we were in a much better position than alot of other countries who were also going through recession-yet some of them came out of it alot quicker than we are doing-so much for being in a good position....No doubt he didn't really call that woman a bigot either-good old labour party!!!

Flyboy152

julieq wrote: »

The depressing part about this is how readily people seem to believe that what we're doing now is paying off bank deficits to save banks. In fact we're not, the banks are making money by and large and the large scale losses feared didn't materialise.

What we're doing is paying for public sector growth way beyond the capacity of the private sector to pay for it. It was running away before the crisis, but nothing had been stashed away against bad times because boom and bust had been abolished.

If public money has now been spent, you get to pay for it in reduced standard of living. If you want more of the public sector, then you share the cost. It's called fairness. You can't pay for the level of deficit Labour were running by hoping there are enough rich bankers to tax until their pips squeak.

Do you seriously expect people to think that you have some grasp of what has been going on for the last two years?

Why do you think that some banks are in profit (because not all of them are yet)? What was the budget deficit before the crash and how did that compare to the rest of the world?

Flyboy152

IronWolf wrote: »

Its hard to speculate on what would have happened if we had let the banks fail, the losers would have been those with money in those banks, and the government would have had to cough up a lot of money to cover the guaranteed savings, but there still would be a lot of p*ssed off people in the country who lost a lot of money through no fault of their own. So it was either a proportion of the population bear the brunt of the losses, along with a lot of businesses, or the tax payer shared out the losses equally.

Im not opposed to the bail out in theory, but I cannot agree with how it has turned out, the government should have imposed some very strict sanctions for the bailed out banks, who cares if it would make them "uncompetetive", they lost every right to be competetive when they failed, they should be dead and buried in the ground, they have failed in the free market and deserve nothing more than to be bankrupt. The fact that the government bailed them out is not to save the company, its to save the rest of the country from suffering for their mistakes. IMO the government should bleed these banks dry for every £ they can recover from paying off their black holes of debt.

:wall::wall::wall::wall::wall::wall::wall:

StevieJ

abaxas wrote: »

What kind of LSD induced world do you live in?
Why should someone have the right to something they cant pay for?

I wonder who is really on the Acid :eek:

Flyboy152

Wookster wrote: »

Just another example of Labours inability to responsibility for everything - they even blame the tories when they weren't in power!

And how are the Tories any different?

Flyboy152

abaxas wrote: »

What kind of LSD induced world do you live in?

Why should someone have the right to something they cant pay for?

So, interest rates go up to ten per cent, peopel can no longer afford to pay their mortgages, their homes are repossessed by the banks and they have nowhere to live, as this is being offered as an acceptable policy result to allowing the banks to fail? How do you then suddenly decide that I don't know what I am talking about and you leap to, "Why should someone have the right to something they cant pay for?"

The capacity to understand responsibility and consequences is severely lacking.

mbga9pgf

StevieJ wrote: »

I wonder who is really on the Acid :eek:

You might want to look into ethiopias food export history.

C0ck all we can do about another nations poor planning imho.

angrypirate

Flyboy152 wrote: »

We know what the Tories would have done; nothing.


And what about the financial losses from the banks? What would have happened to everybody's money? In case you hadn't realised, the first recession ended in quarter four two thousand and nine. We are well on our way to a new one. Now, what about all those businesses who were relying on the banks for their cashflows? What about the overseas imports, who were relying on the banks for their overdraft facilities? Just a few questions for you to answer, I am sure there are more to come.

Dont be ridiculous Flyboy. The first recession is still underway. The only reason why idiots like you thought it ended is coz labour pulled the sneaky trick of QE and also plunged our country into huge amounts of debt - both of which need to be paid back. At the time when we "ended the first recession" as you put is, many people on here said "yeah right". This only proves the point

Im not a fortune teller - i cant tell you, indeed no one can for certain, what would have happened if the tories had been at the helm instead of Labour. We can only speculate that a party who can look after their own money (Tories) would have been far more capable of looking after the countries money than a party who went bankrupt and had the baliffs calling at the door of the HQ (Labour).

Out of interest, you are very left wing - are you actually employed by Labour?