Is there anyone left on here that defends this Government?

[Vague_Boy 10]

Ex-Governor George says Bank deliberately fuelled consumer boom

 

The Bank of England deliberately stoked the consumer boom that has led to record house prices and personal debt in order to avert a recession, the former Bank Governor Eddie George admitted yesterday.

LINK

 

Governor from 1993 to 2003, 6 years of this on Gordon Brown's watch. "Qui tacet consentire" ("Silence gives consent"). Clearly Crash Gordon approved of this disastrous tactic.

 

Kill or cure? Crash Gordon does both!

 

And this tactic has avoided a recession, if only because we are now in a Depression.

 

Economists Agree: We’re In a Depression

 

Thank you Gordon, you utter, utter, treasonous fool!

[Mecky 10]

LINK

 

Governor from 1993 to 2003, 6 years of this on Gordon Brown's watch. "Qui tacet consentire" ("Silence gives consent"). Clearly Crash Gordon approved of this disastrous tactic.

 

Kill or cure? Crash Gordon does both!

 

And this tactic has avoided a recession, if only because we are now in a Depression.

 

Economists Agree: We’re In a Depression

 

Thank you Gordon, you utter, utter, treasonous fool!

 

I know, let's try and beat everyone into submission with a few suspect links to tenuous websites which contain opinions rather than facts, but always keep in mind that facts, like statistics, can mean anything the manipulator what's them to mean.

[Lucifer 10]

60% of the poll shown in red, the socialists support the government, it takes a lot of time for the " need handouts " to realise the right way to go .

[lolli_pop 10]

Erm, stimulating the private sector rather than the public? It may have escaped your notice that it is spending that got us in this mess in the first place, spending our way out won't work this time.

 

The two aren't separate; cuts in the public sector have a knock-on effect in the private sector. At the moment the economy as a whole is stalled with a severe lack of demand.

[Tony 10]

The two aren't separate; cuts in the public sector have a knock-on effect in the private sector.

It's the other way around. You can't get away from cause and effect.

 

At the moment the economy as a whole is stalled with a severe lack of demand.

There's no shortage of demand at all. What we're short of is liquidity in the right places.

[wednesday1 10]

Oh no?

 

The myth that "no one saw the financial crisis coming" is one particularly favored by apologists for that utterly incompetent cretin, Crash Gordon.

 

Vince Cable picked him up on his spendthrift ways back in 2003:

 

 

LINK

 

Who in the end turn out to be right about the prospects for grown in the British economy (HINT: It wasn't Crash Gordon).

 

 

 

Stephen Roach - senior executive at Morgan Stanley

 

LINK

 

 

Nouriel Roubini

 

 

LINK

 

 

Robert Shiller

 

 

LINK

 

 

[YouTube video]

 

 

Even Gordon Brown claims to have predicted the crisis:

 

 

But Gordon, weren't you also an advocate of "light touch" regulation? Aren't you contradicting yourself there?

 

Goldman Sachs Mortgage Fraud Confirms Gordon Brown's Responsibility for the Financial Crisis

 

 

Wednesday1, once again you pluck a "fact" out of your ass and I come along and demolish it.

 

 

 

 

How do Baaaaaarnsley Bill, spent your Friday day putting this garbage together, did the badgers runoff! You can find someone who has predicted something for every eventuality there has ever been.

However nothing can change the facts that until the banking crisis, Labour had reduced public debt from that they had inherited from the Cons.

[MrSmith 10]

How do Baaaaaarnsley Bill, spent your Friday day putting this garbage together, did the badgers runoff! You can find someone who has predicted something for every eventuality there has ever been.

However nothing can change the facts that until the banking crisis, Labour had reduced public debt from that they had inherited from the Cons.

 

No they hadn’t

1997 Public Debt £352 billion

2007 Public Debt £534 billion

1010 Public Debt £909 billion

 

1997 household debt £500bn

2010 household debt £1,158bn

[Fine line 10]

Labour had reduced public debt from that they had inherited from the Cons.

 

You are either totally stupid and beleive your own BS, or you are insulting everyone else's intelligence.

 

It is against Tory instincts to get into too much public debt, whereas the opposite is true with Labour. In 1997 Labour inherited from John Major an economy in great shape.

[wednesday1 10]

No they hadn’t

1997 Public Debt £352 billion

2007 Public Debt £534 billion

1010 Public Debt £909 billion

 

1997 household debt £500bn

2010 household debt £1,158bn

 

 

YES they did, as a %of GDP, see my earlier post.

[wednesday1 10]

You are either totally stupid and beleive your own BS, or you are insulting everyone else's intelligence.

It is against Tory instincts to get into too much public debt, whereas the opposite is true with Labour. In 1997 Labour inherited from John Major an economy in great shape.

 

 

 

You haven't got any, GetItDone, OneOfTheseDays!

[MrSmith 10]

Originally Posted by wednesday1 View Post

Labour had reduced public debt from that they had inherited from the Cons.

1997 Public Debt £352 billion

2007 Public Debt £534 billion

1010 Public Debt £909 billion

YES they did, as a %of GDP, see my earlier post.

Nope the debt was defiantly higher; the fact they had a higher GDP gave them the opportunity to pay down the debt but they chose to increase it.

[Fine line 10]

You haven't got any, GetItDone, OneOfTheseDays!

 

Hahahahahaha. You're on the ropes so you resort to this crap

Edited October 23, 2011 by Fine line