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Mervyn King:Labour not responsible for crash

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Comments

  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Thrugelmir wrote: »
    While Labour were not responsible for the financial crash. They made the most of the opportunity and in the process made many questionable decisions. The consequences of which we are living with today.

    Do explain what opportunities a global financial crash brings?
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • No one says that labour created the recession. They did, however, make sure that the UK was very unprepared when it struck. Record welfare claimants, huge structural budget deficit, record private debt.

    The list could go on.

    This is labour's true legacy.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Gangaweed wrote: »
    No one says that labour created the recession. They did, however, make sure that the UK was very unprepared when it struck. Record welfare claimants, huge structural budget deficit, record private debt.

    The list could go on.

    This is labour's true legacy.

    One may or may not choose to recall, that the Conservative opposition promised to match Labour's spending plans and argued for relaxing banking rules further.

    One further notes, that after 4 and half years of conlib the level of public debt is higher and private debt is rising too.

    Presumably their 'true' legacy.
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • DaveTheMus
    DaveTheMus Posts: 2,669 Forumite
    BobQ wrote: »
    So the man who was best placed to know the way the crisis developed says it was not Labour's fault and the anti-Ed brigade piles in and starts witterering about illegal wars and adding qualifying remarks that recommence the blame gain. What a surprise!

    I'm a Labour supporter...I'm not a New-Labour supporter...you're just a red tory that will blindly follow a party that has utterly betrayed the working classes and is identical to the Tories and Liberals on all of the big issues.
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    DaveTheMus wrote: »
    Vietnam's 'intervention' in Cambodia has nothing to do with me as I'm neither Vietnamese or Cambodian...

    WWI and II were long before I was born, you might as well ask; 'Was the Scottish war of independence in the 13th Century legal?'

    That's beside the point, this isn't some airy fairy philisophical debate about war - it's a thread about Labours time in Government and the spin doctors trying to absolve Labour of any responsibility of the state of the country when they left power...

    I'm merely pointing out that Labours list of disasters is long indeed.

    if you are objecting to the cost of the wars then your comments may be rational
    however you choose to say they are 'illegal' without knowing what you are talking about
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • DaveTheMus wrote: »
    I'm a Labour supporter...I'm not a New-Labour supporter...you're just a red tory that will blindly follow a party that has utterly betrayed the working classes and is identical to the Tories and Liberals on all of the big issues.

    The Labour Party is the enemy of the working class. It is fortunate for the Labour Party that the working class are too stupid to realise this.
  • DaveTheMus
    DaveTheMus Posts: 2,669 Forumite
    CLAPTON wrote: »
    if you are objecting to the cost of the wars then your comments may be rational
    however you choose to say they are 'illegal' without knowing what you are talking about

    They were both wars of aggresion therefore illegal, there was no self-defense involved...Afghanistan had a fig leaf of the 'Security Council' allowing it, but with Iraq they didn't bother with such formalities...
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    DaveTheMus wrote: »
    They were both wars of aggresion therefore illegal, there was no self-defense involved...Afghanistan had a fig leaf of the 'Security Council' allowing it, but with Iraq they didn't bother with such formalities...

    are you making a moral argument or a legal argument?
    if 'legal' do you accept the moral authority of the UN?

    would you view WW1, WW2, Sierra Leone, Vietnam invasion of Cambodia as 'legal' and/or 'moral' or are you only concerned with a dislike of Tony?
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • DaveTheMus
    DaveTheMus Posts: 2,669 Forumite
    CLAPTON wrote: »
    are you making a moral argument or a legal argument?
    if 'legal' do you accept the moral authority of the UN?

    would you view WW1, WW2, Sierra Leone, Vietnam invasion of Cambodia as 'legal' and/or 'moral' or are you only concerned with a dislike of Tony?

    There you go with WWI & II, Sierra Leone and Vietnam/Cambodia...

    No matter how hard you try I'm not interested in discussing it as I care nothing about the subject, moreover I'm not interested in discussing anything with you.
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    BobQ wrote: »
    Do explain what opportunities a global financial crash brings?

    Brown abolished boom and bust according to his frequent speeches on his own economic prowess. In saving the UK banks and financial system he regarded himself as the prime candidate to head the World Bank. Deluded springs to mind.
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