Gordon lovin the crisis
- Thread starter elbows
- Start date
Thing is, the Tories, Labour or anyone else could slash public spending without having an affect on the poor, if they got rid of the RDAs, PFI schemes and other bloat that the Bliar gov brought into existence.
But I doubt they will, as this is jobs for the boys country (QUANGOland) where as bin men, street cleaners, nurses etc. are easy to pick on.
TomPaine
Barking_Mad
Non sibi sed omnibus
Going down.......
audiotech
wav, aiff, mp3, ogg, flac
They are in a bind, as cutting public spending severely at this time can lead to severe deflationionary pressures and economic stagnation.
Benefits and state pensions are set to increase based on the last financial years inflation rate of something over 4%.
Substantially cutting interest rates are also measures to be considered in a way to boost confidence and stimulate demand.
Benefits and state pensions are set to increase based on the last financial years inflation rate of something over 4%.
Substantially cutting interest rates are also measures to be considered in a way to boost confidence and stimulate demand.
Gordon Brown did a fuck of a lot to create this mess so i guess it's logical in this weird world we live in he gets the credit for unpicking it and everyone forgets his obsession with lax regulation in the City and Labour upper echelons in general being 'intensely relaxed' about people getting rich.
bewilders the fuck out of me.
although i guess now isn't the exact moment for a reckoning.
bewilders the fuck out of me.
although i guess now isn't the exact moment for a reckoning.
Brendan Barber was a bit confusing on C4 News tonight: calling for increased public spending to ride the pending economic slump and also suggesting the UK follow the US's tax cutting policy.
My economics is a bit shaky, but how can a govt cut taxes AND increase/maintain high levels of public spending?
My economics is a bit shaky, but how can a govt cut taxes AND increase/maintain high levels of public spending?
Brendan Barber was a bit confusing on C4 News tonight: calling for increased public spending to ride the pending economic slump and also suggesting the UK follow the US's tax cutting policy.
My economics is a bit shaky, but how can a govt cut taxes AND increase/maintain high levels of public spending?
Borrowing.
get the economy moving now through cutting taxes and borrowing to increase public spending.
get the money back in future years through increased tax receipts from a growth economy.
elbows
Well-Known Member
I find it hard to draw a conclusion about whether the bailout is going to fuck us up much worse than it was already going to be. Given that a collapse of the bank system would have fucked people up a lot more in the short-term at least, they had to do something. Exactly what we think they should have done will depend on our political beliefs.
For now I will just assume that its a decade or two of being invisibly fucked over in the past, along with things like climate change and peak oil & other resources, that are responsible for our pain. And of course the housing bubble which bought many people off, going pop.
It would have been interesting to see what would of happened with no bailout, but the sort of interesting Im not to keen on actually living through. We'll probably never know quite how much worse or better the coming gloom would have been if the bailout had been more to our tastes.
goldenecitrone
post tenebras lux
As Gordon quite rightly said, a day is a long time in politics. 
GB has handled this quite masterfully in many ways - no pussyfooting about - taking the banks into a de facto nationalisation, kicking out the Chairmen & sticking government employees into the boards - he has certainly shown the city what he expects - I wonder how a Tory government would have handled it ? I am not sure thy would have piled in so quickly and so some say brutally
whether it works is another matter
whether it works is another matter
Do you think cutting pfi would have no effect on poorer people? Why.
And do you not think that RDAs have done some good as well. Some northern cities seem to have been really transformed over the last 10 years from what ive seen.
Similar threads
