If the Conservatives win the election how high will unemployment rise?

[Tricky 10]

The recession was brought about by the banking industry basically running out of money. Lots of otherwise healthy businesses have been affected by this. The government has already acted to try and inject some life back in to this sector and get things moving again. They are also working with many foreign companies to keep factories in this country open. This way more people keep their jobs. But those who lose their jobs need extra help to see them through the bad times.

 

They haven't run out of money. It's not like your dad having to forgo his night at the pub because things are a bit tight. They are in debt to the degree that the whole country could never get them out of it if we gave them all our money until we died. That is Labour's plan by the way. It hasn't worked. It isn't working. It won't work.

 

Anyway you have moved briskly on from parroting Labour Party Spin about 'the poorest' to parroting Labour Party spin about the recession. Whatever will you come up with next?

[studentbob 10]

Who haven't run out of money?

[Berberis 10]

My bold, it also possible to take classes in spelling Tory boy, I've heard Birkdale isn't as good as it was!

 

Why is it when certain lefties lose an argument they start pouring over people’s grammar and spelling.

 

wednesday1, your spelling is nothing to be boasting about.

[chem1st 10]

One thing is certain if the Tories get back in power, the rich will get richer and the poor will get poorer.

 

Under Labour they have too.

 

If you plotted people (x) against wealth (y) you'd have a graph resembling exponential decay. Allow the x axis to swing round the y axis 360° and you'd be left with a 3D cone of inequality. Put a big dirty pole on top with a unimaginably small diameter and infinite length and you'd be somewhere close to making a perfect model of the inequality wrt £$€.

Edited September 30, 2009 by Hecate
removed masked swearing.

[Berberis 10]

Imagine what the state the economy would be in if it hadn't been for Brown and Darling acting so quickly with their financial stimulus package, which the rest of the world followed? The Tories would just have left the economy to the ravages of the free market and we would be in a total mess.

 

Actually the two largest economies in the EU, Germany and France rejected Browns global economic recovery plan and emerged from the recession before the UK.

Ref: http://www.guardian.co.uk/politics/2009/mar/14/brown-merkel-g20-economy

 

The IMF said Britain would be the worst hit by this recession in the EU.

Ref: http://www.fairinvestment.co.uk/news/banking-news-UK-will-be-country-hit-worst-by-recession-says-IMF-2842.html

 

However, the real issue is why was the UK so vulnerable to this recession? If the government was so prudent and such a dab hand at the finances, why did we sail headlong into the recession in the first place?

[studentbob 10]

Why is it when certain lefties lose an argument they start pouring over people’s grammar and spelling.

 

wednesday1, your spelling is nothing to be boasting about.

 

Have we missed something here. Nobody has said what Osborne and Cameron would have done to save the banking industry. Maybe that is because, as Wednesday1 says, they would have done nothing.

I think your claiming of the argument as a victory is a little premature.

[studentbob 10]

Nice one Serapis. Got there before me.

Must be quicker next time.

[chem1st 10]

Actually the two largest economies in the EU, Germany and France rejected Browns global economic recovery plan and emerged from the recession before the UK.

Ref: http://www.guardian.co.uk/politics/2009/mar/14/brown-merkel-g20-economy

 

The IMF said Britain would be the worst hit by this recession in the EU.

Ref: http://www.fairinvestment.co.uk/news/banking-news-UK-will-be-country-hit-worst-by-recession-says-IMF-2842.html

 

However, the real issue is why was the UK so vulnerable to this recession? If the government was so prudent and such a dab hand at the finances, why did we sail headlong into the recession in the first place?

 

Those at the top of the pyramid of inequality tried to build higher using the materials supporting them at the bottom. It got a bit too top heavy and started to collapse, people on the edge were knocked to the bottom as the weight bore down on society. The fools did not think of repairing the damage at the bottom, let alone strengthening it, and began to build higher again. It doesn't take a genius to see what will happen.

[Berberis 10]

Have we missed something here. Nobody has said what Osborne and Cameron would have done to save the banking industry. Maybe that is because, as Wednesday1 says, they would have done nothing.

I think your claiming of the argument as a victory is a little premature.

 

That’s a good point. The conservatives were not in power and so no one can say what they would or wound not have done, therefore claiming anything on behalf of the conservatives in that respect is worthless.

[Berberis 10]

Those at the top of the pyramid of inequality tried to build higher using the materials supporting them at the bottom. It got a bit too top heavy and started to collapse, people on the edge were knocked to the bottom as the weight bore down on society. The fools did not think of repairing the damage at the bottom, let alone strengthening it, and began to build higher again. It doesn't take a genius to see what will happen.

 

I must say, thats a great analogy, well done

[studentbob 10]

Those at the top of the pyramid of inequality tried to build higher using the materials supporting them at the bottom. It got a bit too top heavy and started to collapse, people on the edge were knocked to the bottom as the weight bore down on society. The fools did not think of repairing the damage at the bottom, let alone strengthening it, and began to build higher again. It doesn't take a genius to see what will happen.

 

Is this the inevitability of capitalism?

[Wildcat 10]

That’s a good point. The conservatives were not in power and so no one can say what they would or wound not have done, therefore claiming anything on behalf of the conservatives in that respect is worthless.

 

Maybe not as a totality, but we can tell what individuals like Daniel Hannam MEP have been advocating on their behalf in europe. Which was further deregulation of financial markets and the sort of economy that made Iceland the worst hit country by the recession.