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Dave's lying again...
Comments
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Thrugelmir wrote: »No double standards. This is a recessionary period. Something many many people have never lived through having only ever known boom times. The impact of the debt overhang is going to take many years to resolve. Something no political party in power has the ability to address.
That is the double standard. Its clear that this is a broader issue than just a UK one, and its clear that whoever is in government has got a limited range of options. So when Oik makes a party political point about QE, then won't accept that what he said then is just as valid for what he's doing now, that is double standards.
Problem is that politicians love soundbites and hate facts and history0 -
lemonjelly wrote: »George Osborne (Jan 2009): "Quantitive Easing is the last resort of a desperate government when all other policies have failed"
Vince Cable (Jan 2009): "Quantitive Easing is from the Robert Mugabe School of Economics"
Iain Dale (March 2009): "'Nothing and I mean nothing will ever convince me that printing money is the solution to our problems... Mugabanomics"
......BBC http://www.bbc.co.uk/news/business-15196078 : "The Bank of England has said it will inject a further £75bn into the economy through quantitative easing (QE).
George Osborne (last week): "Quantitive Easing is an appropriate tool"
Just saying...
They are outrageous aren't they
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Thrugelmir wrote: »No double standards. This is a recessionary period. Something many many people have never lived through having only ever known boom times. The impact of the debt overhang is going to take many years to resolve. Something no political party in power has the ability to address.
What do you mean no double standards? were we not in recessionary period when Georgie Porgie said this? Then again he may simply mean that all his policies have failed what do you think ?George Osborne (Jan 2009): "Quantitive Easing is the last resort of a desperate government when all other policies have failed"'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Rochdale_Pioneers wrote: »
Problem is that politicians love soundbites and hate facts and history
No different to any Company board for example. At the time a decision is made on all the available facts at the time. History has to be put in context. Soundbites are misleading.0 -
it's those liars and thieves again.
it would be nice if there was a political party which didn't say one thing and then do the other, or which didn't make cheap shots whilst in opposition.
pretty sure we don't have a mainstream party like that in this country, unless all the labour fanboys clamoring over this are under the strange impression that labour politicians haven't been doing the same thing since time began.0 -
chewmylegoff wrote: »it's those liars and thieves again.
it would be nice if there was a political party which didn't say one thing and then do the other, or which didn't make cheap shots whilst in opposition.
pretty sure we don't have a mainstream party like that in this country, unless all the labour fanboys clamoring over this are under the strange impression that labour politicians haven't been doing the same thing since time began.
Oh they all do it - absolutely. So why shouldn't those of us on the left hang the Tories with their own rope? One of the things the Tories have been able to do successfully is to rewrite history. So instead of them arguing for less bank regulation at the time its now clear it was too light, they're rewrite has it that they always said bank regulation was too light. Labour failed to throw their quotes back at them to make them look like fools. So I for one am glad that Balls has finally grown a pair and is using Oik quotes against him.0 -
Rochdale_Pioneers wrote: »Oh they all do it - absolutely. So why shouldn't those of us on the left hang the Tories with their own rope? One of the things the Tories have been able to do successfully is to rewrite history. So instead of them arguing for less bank regulation at the time its now clear it was too light, they're rewrite has it that they always said bank regulation was too light. Labour failed to throw their quotes back at them to make them look like fools. So I for one am glad that Balls has finally grown a pair and is using Oik quotes against him.
quite badly though.
"you're doing quantitative easing, that shows that you are a desperate government"
"err. ed, didn't it happen when you were in government too?"
"yeah, but you did it more so you're more desperate".
i just wish they'd all shut the f up and act like adults who (i) aren't scared to admit that something they said before was wrong, and (ii) don't just automatically adopt a contrary approach simply because the other party said something. i suspect the way that the media operates will never allow them to do so.
really what everyone should have done is said "we have devolved monetary policy to the bank of england, and they have decided to do quantitative easing - go and ask them about it".0 -
Thrugelmir wrote: »Going to take far more than a year to turn the country around.
Not only will it require Government policy but a cultural change as well.
About time people realised the spending boom is over.
The worrying thing is that after 16 months there is barely anything to improve business.
And I'm talking about structural reforms like;
1) scrapping minimum wage.
2) Moving tax from national insurance to income tax.
3) curbing the quasi monopoly power of large business.
4) reducing health & safety legislation.
5) investing in infrastructure, ports, roads, rail
Some I would support, some I wouldn't, but this government seems more interested in hare brained free schools in education than actually trying to create a framework that will increase the long term capacity of the UKUS housing: it's not a bubble - Moneyweek Dec 12, 20050 -
Did he make these promises before he realised the full extent of Labours spending spree and learn after taking power that there was actually no money left?Dont wait for your boat to come in 'Swim out and meet the bloody thing'
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But nobody believes that. In fact nobody has bothered denying that QE needs the Chancellor's say-so.chewmylegoff wrote: »really what everyone should have done is said "we have devolved monetary policy to the bank of england".
And if Osborne had wanted QE2 sooner, the BoE members on the MPC would have been arguing and voting for it sooner."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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