Re: It's a Double dip : Wed Apr 25, 2012 10:30 pm  

Dally wrote:

Seems from Newsnight that HMG's likely response is likely to be Plan A+ - ie harder cuts, more deregulation, etc. So tougher times ahead in the short to medium term.

Which proves just how utterly clueless the idiot is and how much he doesn't give a damn about anyone but his mates.

Re: It's a Double dip : Wed Apr 25, 2012 11:49 pm  

Dally wrote:

Just wondered how many that would equate to if multiplied by all the local authorities in the country. Seems to be quite alot.

Dally your a star.
Your abillity to argue/debate with so many left wing loonies all at the same time is remarkable

Re: It's a Double dip : Thu Apr 26, 2012 6:34 am  

Dally wrote:

Seems from Newsnight that HMG's likely response is likely to be Plan A+ - ie harder cuts, more deregulation, etc. So tougher times ahead in the short to medium term.

You have to hand it to Osborne and his circle for spin. We are back in recession and the line is "this shows just how important it is for us not to be distracted from our current credible strategy in the face of such tough economic environment".

However one cautionary note I would say is it may yet be that we aren't actually in recession and the final figures for last quarter are healthier than the first estimate released yesterday...bearing in mind they are making the estimate off 40% of the total evidence they use by the time the final estimate comes out. The indicators produced by private sector firms where they survey firms in different sectors and ask them what is happening to orders, employment etc, have been perking up a bit in the last quarter, not suggesting anything brilliant but suggesting things were slightly improving rather than worsening. Those are not official measures of course but they do indicate what the 'word on the street' is in industry and so you can usually see whether things are getting better or worse from them before the figures come out. I would be surprised if industry was being falsely confident so I wonder whether the revision will end up showing growth is flat or 0.1% growth rather than contraction.

Re: It's a Double dip : Thu Apr 26, 2012 7:03 am  

Cameron is not an idiot, so why does he sound like one?

Cameron is not an idiot, so why does he sound like one?

Re: It's a Double dip : Thu Apr 26, 2012 7:05 am  

j.c wrote:

Dally your a star.
Your abillity to argue/debate with so many left wing loonies all at the same time is remarkable

Except of course that the loonies are on the other side. The policies being tried by Osbourne are the exact same policies used in the thirties to combat that recession. They resulted in hunger marches and mass unemployment that was only cured by WWII. Why should things be any different today?

Re: It's a Double dip : Thu Apr 26, 2012 7:21 am  

major hound wrote:

Except of course that the loonies are on the other side. The policies being tried by Osbourne are the exact same policies used in the thirties to combat that recession. They resulted in hunger marches and mass unemployment that was only cured by WWII. Why should things be any different today?

Look at the relative graphs and we're growing even slower than in the 30s. And this lot want to give us more of the same?

Re: It's a Double dip : Thu Apr 26, 2012 9:10 am  

major hound wrote:

Except of course that the loonies are on the other side. The policies being tried by Osbourne are the exact same policies used in the thirties to combat that recession. They resulted in hunger marches and mass unemployment that was only cured by WWII. Why should things be any different today?

Right then. What would you prescribe?

As I see it to cut the unsustainable deficit and still growing debt (which HMG are currently failing to do, despite being their flagship policy) there is a combination of options:

- raise taxes
- raise tax take through economic growth
- cuy government spending

How would you go about it and why?

Re: It's a Double dip : Thu Apr 26, 2012 9:32 am  

Dally wrote:

Right then. What would you prescribe?

...

Always makes me chuckle, this. A poster or posters slam government policies which are even to an economic illiterate making things much worse, and some apologist comes back with "well, what would YOU do"?.

As if any person is qualified to be Chancellor of the Exchequer and could post a 25,000 page economic plan for the country.

Idiot.

The general and rather obvious point is NOT to do what they are doing, because they said it would work, yet all indicators clearly and indisputably point to it NOT WORKING Dally.

No, there is no monster lurking under Gideon's bed, or a malevolent fairy somewhere cursing his potions, such that despite his genius efforts, everything is getting worse rather than better.

It just seems so fundamentally basic; they are throwing more and more people out of work (what is it now - 20% of the entire young generation on the scrapheap??), and everyone has less and ever less to spend, whilst at the same time being relentlessly mugged by increases in tax and the march of prices such as fuel (big Brucie bonus there for Gideon).

How the fsck can he think it is even possible for a coutry to get better when nobody has any money left, half have no job, and the rest are being squeezed to the fscking pip squeaking point and mugged at every opportunity? What is going to kick start the economy?

On top of all that, we see the lying barstards cosying up to the big businessmen/bankers who will provide their free lunch once they leave office, and giving them huge tax breaks and condoning obscene remuneration. All we see is simple and indeed blatantly obvious feathering of own and mates nests, what is there in any of this for the average man?

But George and Dave share our pain, so that's all right.

What would I prescribe? Sack the lot of 'em and sequester all their and their mates' assets.

Re: It's a Double dip : Thu Apr 26, 2012 10:00 am  

Ferocious Aardvark wrote:

How the fsck can he think it is even possible for a coutry to get better when nobody has any money left, half have no job, and the rest are being squeezed to the fscking pip squeaking point and mugged at every opportunity? What is going to kick start the economy?

Today's nail on the head moment

What would I prescribe? Sack the lot of 'em and sequester all their and their mates' assets.

Re: It's a Double dip : Thu Apr 26, 2012 10:12 am  

Great riposte from the EarthPig. And this is not unexpected. Plenty of economists have been saying for some considerable time that austerity will not kick-start the economy but will simply make things worse. Even the IMF – hardly a bastion of left ideology – has warned against the negative economic impact of too many cuts. Part of the problem with Osborne et al, it seems, is that it's difficult to know whether they: • really believe austerity is the only way; • really believe that privatising everything is the way to go (in spite of the evidence); • simply don't have a plan B; • simply don't have a clue; • simply don't care and are only interested in carving up the state for the financial benefit of them and their friends, both individual and corporate. I mean, we're English and surely it couldn't really be something as venal and corrupt as the last one? What would I do? Let's start by closing the tax loopholes so that, for instance, if a company such as Amazon wants to do business in the UK, then it will pay tax here.

Great riposte from the EarthPig. And this is not unexpected. Plenty of economists have been saying for some considerable time that austerity will not kick-start the economy but will simply make things worse. Even the IMF – hardly a bastion of left ideology – has warned against the negative economic impact of too many cuts. Part of the problem with Osborne et al, it seems, is that it's difficult to know whether they: • really believe austerity is the only way; • really believe that privatising everything is the way to go (in spite of the evidence); • simply don't have a plan B; • simply don't have a clue; • simply don't care and are only interested in carving up the state for the financial benefit of them and their friends, both individual and corporate. I mean, we're English and surely it couldn't really be something as venal and corrupt as the last one? What would I do? Let's start by closing the tax loopholes so that, for instance, if a company such as Amazon wants to do business in the UK, then it will pay tax here.