Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#1
Ossie hides behind Camouflaged ``U`` turn
Economic Growth Flatlined for over a year.
When Bank purchases are complete it will own one quarter of outstanding stock of Government debt.
Ossie approves................? the Stimulus (dirty word in the past ) and says Treasury will add its own Monetary Stimulus.
The use of Quantative Easing is not enough.We need a change in fiscal policy.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#2
i have my reservations about this the first "stimulus" had little effect on growth or output.
i do wonder if this is a case of throwing good money after bad.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#3
There is already a thread on this. I explained the impact of this.
We have a sovereign debt crisis in the EU dragging down and threatening the world economy and yet many would have us add to that sovereign debt crisis by more government spending. bonkers.
Neither do I believe QE is an answer - cutting back that overweaning, expensive and wastful state is the answer. Osborne should accelerate his timid cuts programme and go far deeper.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#4
as the geezer in dads army said,,,,,
"we're doomed captain mannering
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#5
What ever the outcome................Foxy`s error of judgement is appointing an ``employee`` to investigate allegations.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#6
Apologies wrong thread.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#7
Tory right wing furious with `Stimulus`calling it a disaster and printing counterfeit money.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#8
i must say i agree with them, if this has the same effect as the first one then it is just pointless.