Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
""""""Given Osborne's visceral, personal hatred of Ed Balls, the brains behind Brownonomics, it is shocking how indistinguishable so much of Coalition policy remains from Labour's. Osborne's over-reliance on monetary and credit policy - including endless quantitative easing and the latest, dangerous gimmick that is funding for lending - remains straight out of the Labour rulebook. The bulk of deficit reduction so far has come from tax hikes. Total, real-terms spending cuts to date add up to barely more than 1pc of expenditures.""""" - Allister Heath in The Telegraph
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
fairly accurate every time the chancellor threatens to make a cut the howls of outrage cause him to back track.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
As I asked the other day, "Have we had a change of government these past thirty years?"
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Good points.
The LibDems are clearly holding him back from what is needed as I have identified in the past.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I doubt very much that that is so Barry. In any case why wait to for the split? Split now!
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
But I have explained before the specifics, its no good just saying you doubt it is true when specifics have been given. Do I really have to repeat them yet again?
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Parliament is full of games lane politicians. Osbourne is a member of this elite club. When he comes up with yet another bright idea which is criticised by anybody who complains about his plans he will panic, turn on his heels and then change his policy to suit. There's no point at all blaming the coalition. That poor excuse has worn out now. Alistair Heath was approached by some nutter yesterday who wanted to arrest him after an interview at the BBC. Probably one of Osbourne's aide's no doubt.
The government's latest idea represents how bereft of ideas Cameron and Osbourne are. The £50 billion investment plan is just plain embarrassing for all to see. Stupid policies invented by stupid people. It's a tory idea and not a liberal one. It has Cameron and Osbourne written all over it and it will fail. Not only will it fail but it will lead to even lower growth if that's possible.
Cameron is a social and poitical liberal but people have been distracted from this fact that he revels in his image of Flashman. Nothing could be further from the truth.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I am a little surprised Barry that you did not, generously, resupply the forum with the fruits of your deliberations, but you are right to leave things 'as read'.
Many a lyricist can apply their 'art' to a good tune. A problem often arises though with the chorus, is it to be; the burden or the refrain? Your own efforts yield too much "doo-way-diddy-diddy-doo" and not nearly enough, "...old Tom Cobley 'n all 'n all..."
I appreciate that, at the last election, you reached for the stars, but attained only the Cumuli-Nimbus. And now feel somewhat like the F1 mechanic whose team fails to finish a race. The driver may cite 'engine trouble' and you may admire the driver a great deal, but blaming the other teams does not take anything away from the lack of power coming out of each chicane.
Dave is a PR man, by inclination and nature. Ho too feels that "if only" the world were problem-free he could truely shine.
If it wasn't for the New Labour Party I fear you and Dave would have no hope left. So much are the hopes and dreams of all in our present political system reliant upon the failure of others to claim a semblance of success for themselves.
"People who need people are the luckiest people in the world." ?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
i am surpised that they have a brain cell between them,[osbourne/cameron],but ed balls speaks volumes because he has the ba...s to do so,[at least he has a brain cell to him self].
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The only specifics being repeated are to blame Gordon Brown and the Lib /Dems....
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Facts, just facts...
fairly obvious ones at that, but then facts do not interest you Reg.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
brilliant post from tom, a wordsmith at his best.
dave is basically a p.r. man as are most contemporary politicians, another thread showed a picture taken at a parliamentary inquiry.
instead of taking in all the evidence everyone was tweeting away with a sound bite.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Quantitative Easing is the only reason why the present economic system in Britain, and many a European country too, hasn't gone bankrupt.
QE has nothing to do with economic changes or improvements, but only delays the end results of State bankruptcy, while undermining the currency.
The effects of QE are unpredictable, because they could come over-night and cause a snow-ball reaction in the whole economy,
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
another form of debt alex,but who is going to pay it all back.youve guessed it right us the tax paying mugs.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Certainly to an extent, Brian. It is a form of debt, but not necessarily just debt.
The exact dimensions of Quantitative Easing are not clear. But it could bring on sudden massive inflation if somewhere in the links of paper-economy (shares hedge funds, bonds, toxic debts of banks, interest rates...) a link breaks and causes a nine-pin effect, sending barrels rolling, which in turn send more, and more numerous, barrels rolling.
See Germany 1921.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not fully conversant with such matters but suspect that alex is right on this one.
surely printing money for the sake of it is a dangerous game that can only lead to the devaluation of what money we have?
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
For once I can agree with Alexander.
The problem is that with interest rates as low as they have QE is one of the few tools the BoE has. There is not such thing as free money and the payback for this is in inflation.
I have to be clear though, the economy is so weak that some of this QE can be soaked up and if there was no QE we would be at risk of another problem, deflation. The difficulty is judging how much is enough and the long term impact and in this we are in unknown territory.
I start from the basis of 'sound money' and am inclined to be very wary of QE.
That said inflation is falling this year but is very likely to increase next year and onwards and, when the economy strengthens we will find the control of inflation that much more difficult.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,early days yet.what goes down will go up when the crap hits the fan again.oh by the way petrol prices are going up again,the usa has had a crop failure so the price of food will rise for sure.so in context inflation will rise again.