Does Labour never learn?

warwicktiger

“We used to think you could spend your way out of recession and increase employment by boosting government spending… I tell you that option no longer exists. And so far as it ever did exist, it only worked on each occasion… by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.”


Janes Callaghan, Labour Party conference, 28 September 1976

Thrugelmir

New generation that have no experience of dealing with a downturn.
Believe that boom and bust have been abolished to by the great Messiah.

spacey2012

China dealt with it by taxing imported goods they could produce themselves and still do so.
Now the worlds largest exporting Economy.

Thrugelmir

spacey2012 wrote: »

Now the worlds largest exporting Economy.

Only by maintaining an artificially low exchange rate.

Shipping costs are now making transportation increasingly uneconomic. Cheaper to have plants sited nearer to the market they are serving.

Mexico is a good example. As provides no delay shipping into USA.

Thrugelmir

This had to be my quote of the week.

Labour MP Kate Hoey said British expats were ‘having their money stolen on the orders of the German government’.

An MP said this? God help us........

chris_m

Thrugelmir wrote: »

This had to be my quote of the week.

An MP said this? God help us........

Well, a Labour MP said it - no surprise there, then

Thrugelmir

chris_m wrote: »

Well, a Labour MP said it - no surprise there, then

Was also a Minister in the previous Government.

CLAPTON

The conservative led coalition are borrowing more and more every day; clearly they disagree with Callaghan.

Thrugelmir

CLAPTON wrote: »

The conservative led coalition are borrowing more and more every day; clearly they disagree with Callaghan.

And Labour want us to yet more.

I'm still waiting for any party to stand up and spell out the reality of the situation.

As austerity may be just what we need.

CLAPTON

Thrugelmir wrote: »

And Labour want us to yet more.

I'm still waiting for any party to stand up and spell out the reality of the situation.

As austerity may be just what we need.

Clearly the coalition believe than you should borrow to get out of a current situation otherwise they wouldn't be doing it.

It would therefore seem a matter of fine debate as to whether a little more ot a little less would get us out of the current situation more quickly.

wotsthat

Thrugelmir wrote: »

And Labour want us to yet more.

I'm still waiting for any party to stand up and spell out the reality of the situation.

As austerity may be just what we need.

We're two years from an election. I'm far more interested in what the government DO rather than what the opposition SAY.