Ed milliband smoking crack....

CLAPTON

Thrugelmir wrote: »

Now with hindsight the decisions that were made can be pulled apart. Which ignores the fact Government spending was fuelled by credit led growth. The minute the taps were turned off Prudence was exposed for what she was, a mirage. Brown actually was clueless and made little to no difference to the economic running of the country.

It would seem that most governments have been clueless since the war as most governments have suffered a recession.

TruckerT

CLAPTON wrote: »

It would seem that most governments have been clueless since the war as most governments have suffered a recession.

We won the war in less time than it has taken us to recover from the banks' incompetence, and we are still not in sight of a solution.

TruckerT

CLAPTON

TruckerT wrote: »

We won the war in less time than it has taken us to recover from the banks' incompetence, and we are still not in sight of a solution.

TruckerT

I see no relationship between winning the war and the banking crisis.


It worth considering that the national debt was 250% of GDP in 1945 and now it's only about 80%

PaulF81

How about the total debt for comparison?

ukcarper

Masomnia wrote: »

http://www.telegraph.co.uk/news/uknews/1498897/EU-and-IMF-join-criticism-of-Brown.html

I post this every time when this comes up, but in 2005 (there are earlier examples as well) Brown was criticized for the size of his deficits. They can't say they weren't warned.

I sometimes post this.

http://www.youtube.com/watch?v=bR_hfQU-4r0

Masomnia

ukcarper wrote: »

I sometimes post this.

http://www.youtube.com/watch?v=bR_hfQU-4r0

Quite right, I doubt anyone has ever gone into an election saying 'The economy's doing ok, we're going to cut spending and cut public sector jobs'.

That's why Keynesianism will never work, no one will ever vote for it.

Moby

PaulF81 wrote: »

http://www.telegraph.co.uk/news/politics/10103897/Ed-Miliband-Labours-spending-was-not-to-blame-for-Britains-economic-woes.html

Apparently it was nothing to do with Labour.


I find this man as repugnant as American schools teaching intelligent design.

A sick, sick man.

...and you quote from a Daily Torygraph take on his speech and believe it.......... and you call him sick....unbelievable some people are:)

angrypirate

Moby wrote: »

...and you quote from a Daily Torygraph take on his speech and believe it.......... and you call him sick....unbelievable some people are:)

Yeah, Miliband is so unbelievable.

Im finding the torygraph one of the better newspapers these days. Once you strip away the opinions, they present the facts of the news much better than the Guardian. They also manage to have some left wing journalists as well as some right. Guardian tends to have left wing journalists and looney-left wing journalists.

antrobus

Masomnia wrote: »

http://www.telegraph.co.uk/news/uknews/1498897/EU-and-IMF-join-criticism-of-Brown.html

I post this every time when this comes up, but in 2005 (there are earlier examples as well) Brown was criticized for the size of his deficits. They can't say they weren't warned.

Keep doing it.

This is the key sentence is;

The Conservatives said the IMF report showed that Britain had a structural deficit that had grown faster than any other major economy since 2000.

grizzly1911

Thrugelmir wrote: »

Now with hindsight the decisions that were made can be pulled apart. Which ignores the fact Government spending was fuelled by credit led growth. The minute the taps were turned off Prudence was exposed for what she was, a mirage. Brown actually was clueless and made little to no difference to the economic running of the country.

Debt taps were turned on by the previous administrations as away of masking the real problems. Just one of their toxic bunnies out of the hat.