Osborne Copies Obama To Save Economy-Changing Course

DecentLivingWage

As the Dow Jones flies, Osborne is reportedly readying the Bank of England for Mark Carney's arrival by changing the economy/inflation relationship, going for a more 'US/Plan B style' stimulus solution to see if he can stop the slide of our economy, according to the papers including Telegraph :

http://www.telegraph.co.uk/finance/economics/9914375/Mark-Carney-could-be-handed-powers-to-spur-economy.html

Wookster

Yet another useless post.

YYou have a real talent for churning them out.

Moby

Wookster wrote: »

Yet another useless post.

YYou have a real talent for churning them out.

...and you never fail to respond do you...Mr free market wheeler dealer....who has never taken a days benefit in his life:p

DecentLivingWage

... as to the validity of the post, is Lord Oakeshott's opinion useless too, and Vince Cable's? Just listened to a sophisticated and analytical discussion of Cable's ideas on BBC News Channel (he said what I've always held by the way ... economy wont grow or until banks lend and builders build ! Said we need to borrow to facilitate that and kick start the process for the economy to benefit)

PS By the by, he also said 'the 2 mil reclassified jobs orig from public sector were 'a bit of a con !' and that the BOE was to take note of the threat of rising unemployment! Useless, invalid information? I'm sure many forumites who missed it will be grateful for the info.

Mr._Pricklepants

Finally Cable and Osborne are coming round to what The Right Honourable Mister Balls has been calling for since 2010.

Pity about the 3 years of dithering.

dryhat

A rising stock market does not necassarily imply an improving economy.

In this case it just means more profits for the liars and thieves in the city/wall street.

DecentLivingWage

Very true, but try telling that to Cameron and Osborne - always quoting its 'success' as they think voters to daft top understand that - big mistake conning voters - people are much cannier now that information is shared so fast on internet media.

Changing course when Carney gets here - while saying they are not - do they think we re stupid or something? The inflation policy will be changed

Generali

DecentLivingWage wrote: »

As the Dow Jones flies, Osborne is reportedly readying the Bank of England for Mark Carney's arrival by changing the economy/inflation relationship, going for a more 'US/Plan B style' stimulus solution to see if he can stop the slide of our economy, according to the papers including Telegraph :

http://www.telegraph.co.uk/finance/economics/9914375/Mark-Carney-could-be-handed-powers-to-spur-economy.html

That's a monetary stimulus not a fiscal one. It's not a change in the austerity policy, it's a formalization of what has been happening since Labour were in power which is that the BoE are following both parts of their mandate (set up by G. Brown under Blair) rather than simply targeting inflation.

purch

Monetary/Fiscal

Always too complicated for Labour to understand.

P.S. I am certain the OP is a Tory stooge, posting on here to discredit Labour. If he is he is doing an excellent job.

Generali

purch wrote: »

Monetary/Fiscal

Always too complicated for Labour to understand.

P.S. I am certain the OP is a Tory stooge, posting on here to discredit Labour. If he is he is doing an excellent job.

Can we petition to get a new board set up called something like, "I have no clue what I'm on about but will post anyway"? We could then send posts like the OP's there.

purch

The internet is wonderful

You can wiki yourself into an "expert" on any subject you choose in minutes.