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The Polls - Labour Lead At 14 - Is It The Economy?
Comments
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Graham_Devon wrote: »I like this.
If you ignore the income, borrowing is rising. Well bravo. It's really annoyed some of you that this has worked in the coalition's favour, hasn't it
Not at all Graham but the underlying trend is up isn't it?
By the way, I've always believed the coalition's economic policies are wrong. If the Labour Party were pursing the same policies I'd believe they were wrong too.If you keep doing what you've always done - you will keep getting what you've always got.0 -
No point in even trying to have a conversation with a zealot like you. You aren't here to discuss matters but to spew your dogmatic zealot views.
So you think booking a number of 'one off' receipts is helping to reduce the structural deficit?'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 -
Yes that's the general idea of stimulus - you create growth, generate revenue and pay off your debts...
The problem is we have been borrowing more. And printing more. A lot more.
And its not working.
The reason its not working is that the economy that Brown built between 2002 and 2008 was supported almost entirely by ludicrous inflation in the housing market.
The problem is structural. It cant be solved by borrowing more money.Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!0 -
UK manufacturing output in October fell at its fastest rate since June, official figures show, with food and drink output particularly low.
Latest figures prove that the Tories are full of empty promises, they open their mouths and let their belly rumble.0 -
The problem is we have been borrowing more. And printing more. A lot more.
And its not working.
The reason its not working is that the economy that Brown built between 2002 and 2008 was supported almost entirely by ludicrous inflation in the housing market.
The problem is structural. It cant be solved by borrowing more money.
It is a long term progressive problem that no party seem to be able to resolve. The 2002 -2008 fiction was just one attempt to mask it. Previous governments have used other means hide the problem.
We have run out of sticking plaster."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 Muruganantham0 -
Graham_Devon wrote: »See you next time you are hanging them up for a u-turn. (I.e, admission of a mistake).
Graham I have always been led to believe that a U-turn was deemed to be
a complete change in direction of political or other policy
andin my book that is not an admission of being a mistake.
I rest my case.0 -
angrypirate wrote: »I disagree that one must form their own view on what makes a foreign company invest in the UK. I would think most economists have an idea and agree. I think the problem is a lot of the public dont have a clue and dont want to know. They hear of Moodys, Fitch, credit ratings, and they think nasty bonus grabbing banks.
Ok I agree with the first part
The thing that makes foreign companies invest in the UK is the prospect of making a good profit;
So they are interesting in seeing growth and investment and are pretty unconcerned about national debt levels as it doesn't directly affect them.
Moodys Fitches etc don't do investing; their focus is on the probability of repaying debts. Of course they have been spectatularly wrong in recent years and anyway the market says they will accept very low interest rates from UK Government debt.0 -
UK manufacturing output in October fell at its fastest rate since June, official figures show, with food and drink output particularly low.
Latest figures prove that the Tories are full of empty promises, they open their mouths and let their belly rumble.
And Germany are likely to head into recession on the release of their next figures.
Is this the tories fault too?
If the EU goes down, then so do we, and there is no magic wand that the tories can wave to save us from that.0 -
Graham I have always been led to believe that a U-turn was deemed to be
a complete change in direction of political or other policy
andin my book that is not an admission of being a mistake.
I rest my case.
Well your book has a different cover to most others. It's a special book
How you can conclude that a U-Turn is not a political party admitting they were wrong is beyond me. I've seen you state as much before now when you say they get things wrong and then u-turn.
It begs the question again...what WOULD suit you? They admit they have made a mistake, but then don't u-turn on it?! It's another case of not a single thing would suit you.0 -
There is a good artcile here that might help you understand that government borrowing can help reduce National Debt.
http://www.nytimes.com/2010/12/26/business/26view.html?_r=0
I think you're getting 'spending' and 'borrowing' confused.
The stimulus that article advocates involves raising taxes on working people. That will hardly be a vote winner...0
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