Re: First quarter GDP - UK +0.3%, US +0.7%
Quote:
Originally Posted by
Eric Cartman
I am just curious as to what you call it when someone states a specific aim and then doesn't meet it.
Again you are looking at this as being binary. The economics and politics if a nation is far more complicated than you suggest.
Was the deficit eliminated? No it wasn't and in that respect the policy failed. However it has reduced by 2/3 and when we look into the reasons why the policy failed, we see many factors, some of them external to the UK (e.g. the EU debt issue around 2012, the USA debt issue around 2013)
Re: First quarter GDP - UK +0.3%, US +0.7%
Quote:
Originally Posted by
TISS
Again you are looking at this as being binary. The economics and politics if a nation is far more complicated than you suggest.
Was the deficit eliminated? No it wasn't and in that respect the policy failed. However it has reduced by 2/3 and when we look into the reasons why the policy failed, we see many factors, some of them external to the UK (e.g. the EU debt issue around 2012, the USA debt issue around 2013)
All true but the Tories didn't give Labour any benefit of doubt for the financial collapse in 2008 when there were clearly external factors at play which,in part,were beyond their control. So they can hard!y expect a sympathetic hearing in return
Re: First quarter GDP - UK +0.3%, US +0.7%
Quote:
Originally Posted by
Pearcey3
All true but the Tories didn't give Labour any benefit of doubt for the financial collapse in 2008 when there were clearly external factors at play which,in part,were beyond their control. So they can hard!y expect a sympathetic hearing in return
Labour were lax in regulating the banks. they have to be accountable or that. the general public wanted everything today and to pay for it tomorrow. Labour can't be held accountable for public greed or for the banks ruthlessness in exploiting that greed.