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UK on brink of stagnation as growth slows to 0.1% - business live - https://www.theguardian.com/business...-business-live
But for sinking into more and more national debt - currently at 1,720 billion - UK GDP growth would be in minus territory, and would have been for years previously. Debt piled upon debt worldwide has delayed a catastrophic economic crash thus far. But when it blows, as it must, then watch out 'cos starving fatties will be as angry as hell.
It couldn't have happened to a nicer government.
It was the cold weather apparently!!!Quote:
Originally Posted by Wales-Bales
Tories , couldn't run a bath
Can you remind me what happened to the economy the last time Labour were in power?Quote:
Originally Posted by SLUDGE FACTORY
The global banking corporations fecked it up :thumbup:Quote:
Originally Posted by Nick
Certainly we had a worldwide crashQuote:
Originally Posted by Nick
Since 2008 Britain's national debt has doubled and more, same for the US. Theirs stand at 21 trillion dollars. It's stealing from the future to delay the wheels falling off today.
Car maker Henry Ford was a mega wealthy insider who couldn't abide the fake Semite money changers. He published The Protocols of the Learned Elders of Zion far and wide, and Hitler awarded him Germany's highest honour. Ford's most famous quote is below.
'The one aim of these financiers is world control by the creation of inextinguishable debt.'
I'm sure it will dip into even deeper into debt if we have to fund some of the nationalisation programmes being discussed.Quote:
Originally Posted by Wales-Bales
Or higher taxes.
Sure. The shadow chancellor, a certain George Osborne, backed every one of Labour's spending plans and also backed their decision to bail out the banks following the 2008 crash. He has subsequently confirmed this during the last year in a major TV interview.Quote:
Originally Posted by Nick
It would therefore be safe to assume that the economy in 2010 would have been in a similar state regardless of whether Conservatives or Labour were previously in power, so if you're trying to lever some political stance here, you've failed catastrophically.
You don't accept that nationalisation costs nothing as those industries can then be used as an asset on the balance sheet, just like any business would do?Quote:
Originally Posted by life on mars
Croesy , another leatheringQuote:
Originally Posted by Eric the Half a Bee
So, perceived problems with the economy now can be laid at the feet of the Conservative Government, whilst significant problems encountered by the economy in 2008 were absolutely nothing whatsoever to do with the then Government. Interesting perspective on things.Quote:
Originally Posted by Eric the Half a Bee
You may not like it but that's the way it is sonnyQuote:
Originally Posted by Nick
The economic crash in 2008 was not caused by any government policy at the time. You know that. I know that. Every single independent fiscal organisation has said the same. Let's not waste time trying to re-write history.Quote:
Originally Posted by Nick
Any attempts to blame Labour for the economic problems post 2008 are a waste of time as the Conservatives would have done exactly the same. If you want to blame Labour, carry on. By doing so, you do so knowing you would have to have blamed the Conservatives had they been in Government as they'd have done the same. But you wouldn't have.
No as its debt on the taxpayer , we will see huge wage demands,no budget responsibility, less productivity, I remember those days of being held to ransom. Train strikes,dustbin strikes steel strikes ,car strikes, postal strikes, socket strikes,all in the name of nationlused industry,its a wonderful design, if folk didn't bleed it dry.Quote:
Originally Posted by Eric the Half a Bee
As happens in similar situations elsewhere around the world?Quote:
Originally Posted by life on mars
The Conservatives thought it would be a clever idea to introduce austerity measures on top of a global financial crash.Quote:
Originally Posted by Nick
Get back up on that fence :hehe:Quote:
Originally Posted by Wales-Bales
The beauty of sitting on the fence is you can see the crap coming from both sides.Quote:
Originally Posted by Mrs Steve R
or crap in a way that whatever side of the fence it lands you can pretend that it came from the other side!Quote:
Originally Posted by Wales-Bales
Indeed :biggrin:Quote:
Originally Posted by Wales-Bales
:hehe:Quote:
Originally Posted by cyril evans awaydays
I don't favour right or left, but I know the difference between right and wrong :thumbup:Quote:
Originally Posted by cyril evans awaydays
:-) :thumbup:Quote:
Originally Posted by Wales-Bales