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The Polls - Labour Lead At 14 - Is It The Economy?

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    The old saying goes for US election winners 'it's the economy stupid'

    Winner, not winners. That was Bill Clinton's line when he beat George Bush.
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    Tancred wrote: »
    UKIP is a protest party and would never attract more than a few percentages of support in a general election. Remove the EU issue and UKIP is just an empty vessel. The Tories shouldn't feel too comfortable, as the EU referendum will not be enough to get them enough support to win the 2015 general election.

    It's actually the lower standard of living that many think is forced on them by government. It's really down to the consequences of living off debt, ie when it has to be paid back, and the sheep-like behaviour of consumers who are prolonging the slump by saving instead of spending as much as they used to.
    No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.

    The problem with socialism is that eventually you run out of other people's money.

    Margaret Thatcher
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    It's actually the lower standard of living that many think is forced on them by government. It's really down to the consequences of living off debt, ie when it has to be paid back, and the sheep-like behaviour of consumers who are prolonging the slump by saving instead of spending as much as they used to.

    Are you going out and spending avariciously? On some posts you seem to extol the virtue of doing so and on others it appears to be the root of all evil.

    Perhaps the fact that some don't spend so much on discretionary spend is because they simply don't have it to spend with higher bills and flat incomes?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Tancred
    Tancred Posts: 1,424 Forumite
    It's actually the lower standard of living that many think is forced on them by government. It's really down to the consequences of living off debt, ie when it has to be paid back, and the sheep-like behaviour of consumers who are prolonging the slump by saving instead of spending as much as they used to.

    You are deluding yourself if you think we can ever get away from debt. What is important is not the debt itself but whether it can be managed; once it becomes unmanageable then remedial action needs to be taken. People save because they are frightened of losing their jobs, homes, families, etc. The government has managed to create a widespread 'feelbad' factor in the country and this is what is preventing a recovery.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tancred wrote: »
    Simple. People are fed up with this enforced austerity and the lower standard of living that the government has imposed on most of the population. That's the reason for the Labour lead.

    Then they are going to be really peed off when Labour say that they are not going to reverse any coalition actions.....

    Might see a tail off of support when election manifestos are published.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tancred wrote: »
    You are deluding yourself if you think we can ever get away from debt. What is important is not the debt itself but whether it can be managed; once it becomes unmanageable then remedial action needs to be taken.

    Why do think these extraordinary measures have been taken?

    Special Liquidity Scheme
    Special Guarantee Scheme
    QE
    Funding For Lending
    NR and B&B Nationalised
    RBS/HBOS part nationalised.
    NR funded with £45 billion of taxpayers money.
    HBOS received £25 billion to stay afloat prior to LLoyds merger.

    Hardly surprising that economy is flat on its back.....

    After choking on loose lending by banks (2002-2008).
  • Tancred
    Tancred Posts: 1,424 Forumite
    Thrugelmir wrote: »
    Then they are going to be really peed off when Labour say that they are not going to reverse any coalition actions.....

    Might see a tail off of support when election manifestos are published.

    Miliband knows that he can't promise what he can't deliver. He will certainly reverse some of the Con Dem policies, but which ones isn't yet clear.
  • Tancred
    Tancred Posts: 1,424 Forumite
    Thrugelmir wrote: »
    Why do think these extraordinary measures have been taken?

    Special Liquidity Scheme
    Special Guarantee Scheme
    QE
    Funding For Lending
    NR and B&B Nationalised
    RBS/HBOS part nationalised.
    NR funded with £45 billion of taxpayers money.
    HBOS received £25 billion to stay afloat prior to LLoyds merger.

    Hardly surprising that economy is flat on its back.....

    After choking on loose lending by banks (2002-2008).

    Most of the measures taken to to prop up the banks were only designed to be temporary, with the banks needing to pay back the taxpayer in the future.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tancred wrote: »
    Most of the measures taken to to prop up the banks were only designed to be temporary, with the banks needing to pay back the taxpayer in the future.

    They are all temporary measures. So that the banking system didn't collapse.

    I merely listed them to illustrate the severity of the problem.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Thrugelmir wrote: »
    Then they are going to be really peed off when Labour say that they are not going to reverse any coalition actions.....

    Might see a tail off of support when election manifestos are published.

    It is little different to any party attempting to win or come into new government. They rarely change what has been done before. They just do different things and divert resources /spend.

    It is good to be seen to be doing change and new things whether that actually makes any difference to the underlying business is another matter.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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