How not to emerge from a recession

[davek]

Stock markets continue to plunge over the growing sovereign debt crisis and the puny Western economic growth levels. Spain and Italy threatening to join the bail out club. British banks exposed to debts getting a hammering. A ruling elite not knowing whether to cut even further in their own back yards or attempt to expand. Osborne now going for a cut in the 50% tax rate that'll benefit the better offs and expose the daft [Poor language removed] to criticism from their own Government partners and the bulk of the population struggling to pay their way.

 

[ToffeeMark]

Everything they've done up until now has been about making it worse.

They're either incompetent fools, corrupt or part of some new world order conspiracy...

 

[davek]

In the teeth of a downturn the Tories are going to forge ahead with massive public sector cuts...when even the hawkish IMF are telling them it might not be wise in terms of growing the economy; and they're now full steam ahead to give those earning more than £250,000 pa a tax break...when everyone else is struggling.

Meet the new Tories, same as the old Tories.

 

[davek]

http://www.bbc.co.uk/news/business-14416959

A good overview of the current crisis.

 

[Reidy's Bottle Of Grecian]

Yeah, but there were power cuts in the 70's......



and that Donkey Jacket was what they were gonna make us all wear.
There was a time when we all did......... FOR WORK !!

 

[davek]

There was power cuts, feather cuts, Baader Meinhoff and kids with rickets no doubt...and still it would have been better than the shitty grasping cnutish excuse for a society we have today.

 

[Reidy's Bottle Of Grecian]

& the thermal insulatory properties of Donkey Jackets is greatly underestimated.

 

[chicoazul]

It's the tories, what was everyone expecting? I just hope those that were that outspoken in voting for them now realize their error.

No matter how bad things are, the tories should NEVER be an option.

 

[Bruce Wayne]

I can only assume Dave hasn't seen news of 30,000 job losses at HSBC, or similar ones at RBS. We should continue bashing the banks and see how many more jobs we can lose.

FFS, how this can be blamed on the Tories is staggering. What have they had to do with Greece et al messing up their economy? What have they got to do with the debt ceiling debacle in America?

Stock markets around Europe are going tits up because people think the Euro will collapse. That's right, the currency we're not even a part of, yet it's somehow the fault of Cameron. Good grief. It's one thing being one-eyed, but if that one-eye is blinkered as well...

 

[chicoazul]

Just leave the banks alone the poor lambs ffs.

 

[davek]

I can only assume Dave hasn't seen news of 30,000 job losses at HSBC, or similar ones at RBS. We should continue bashing the banks and see how many more jobs we can lose.

FFS, how this can be blamed on the Tories is staggering. What have they had to do with Greece et al messing up their economy? What have they got to do with the debt ceiling debacle in America?

Stock markets around Europe are going tits up because people think the Euro will collapse. That's right, the currency we're not even a part of, yet it's somehow the fault of Cameron. Good grief. It's one thing being one-eyed, but if that one-eye is blinkered as well...

Hold on, when the shit hit the fan in 2008 you were the one saying that the banks should go to the wall if they'd leveraged crazily beyond their means. How's that for bashing the banks?

The Tories aren't helping matters that's the point here. They're presiding over stagnation domestically by hacking away at employment and other forms of debt reduction, introducing and persevering with a massive VAT hike and allowing fuel providers in particular their head to ramp up price rises - all of which is having a huge effect on demand. Besides that, they Eurosceptics in their numbers are in the ascendancy and their calling the shots on staying out of trying to solve the Eurozone crisis...even though it'll turn around and bite the UK economy on the arse if that zone goes into meltdown and cant trade with this country as it presently does.

And now, just for good measure, they throw their rich support base the bone of a tax cut.

That's why the Tories are being blamed.

 

[linglong]

The tories inherited an economy that was at the very least slowed the worst of the recession right down,they've done nothing to help things if anything Cameron,Osboune,Clegg,Alexander ALL bleating "britian is bankrupt,"weeks to save the nation""maxed out credit card" etc did more harm than good.

Great governace that,big thumbs up from me at a time when they should hasve "gently" pushed us towards the shops in the hope of spending our way out and promoting some form,however short lived growth,but no not these clowns,they then wonder why we have,as a nation stopped spending,it beggars belief i'm sorry that isnt good government far from it.

 

[davek]

1.30 pm today is apparently the moment to look for, that's when US employment figures come out. If there's an increase above the present 9.2% unemployment rate the markets will see this as evidence of a double dip and go into meltdown.

 

[Blue 1]

Hang about, if the subprime mortgage crisis and global recession were Gordon Brown's fault, as that lot would have had us believe, then they can carry the can for the current crisis. Time to take your medicine, Tories.

 

[linglong]

Hang about, if the subprime mortgage crisis and global recession were Gordon Brown's fault, as that lot would have had us believe, then they can carry the can for the current crisis. Time to take your medicine, Tories.

Everything up too and including my having the squits during the night of january 34th was Browns fault!!!!