The UK is facing its worst economic crisis in 60 years, Chancellor Alistair Darling has admitted.
Shadow Chancellor George Osborne said Mr Darling had "let the cat out of the bag" about the state of the economy.
He said that voters were "pissed off" with Labour's handling of the economy, a key issue at the next election, and said it was "absolutely imperative" that ministers communicated their intentions better.
"St Georges Day April 23rd" wrote in message news: snipped-for-privacy@i76g2000hsf.googlegroups.com...
I listened to the Tories trying to make something of this on the radio this morning.
Their only argument is 'He should have lied to help rich businessmen'.
The fact is that the economy is a basket case because of greedy bankers who aren't regulated in any meaningful manner.
We could do with those gold reserves Gordon the Brown-nose sold off at a massive loss(a loss for us Brits at least).The rotten edifice is crumbling nicely.I can`t see how call-me-Dave will be able to pull off another Thatcherite economic "miracle", seeing as everything`s already been sold off to foreigners. Let the "bad" times roll!
Wrong its a basket case because of socialist policies, they always fail because socialism relies on the ever declining numbers of tax payers bailing out ever more scroungers. We need to cut the social benefits handouts by
90%, Stop JCS, Stop Housing benefit, Stop Council tax benefit, only help the elderly who have worked and paid taxes, not the scum who blew their money in the pub for the last 60 years like most left wing scum.
There is an old axiom which states that ?You cannot give money away?. It is certainly a truism as far as the British mortgagees are concerned. In their mad rush for business they have been lending up to 125% of the value of properties that they have given mortgages on?????..Sheer madness. They have only done so because by showi ng huge growth, the execs. could claim handsome bonuses running into millions. The government (the Lib/Lab/Con Party) have allowed this to carry on because it has helped build up a thriving economy which is in fact?????Totally false. This is why service industries, retail ers, builders, pubs, restaurants etc etc, are going to go belly-up by the score.
I personally believe that their should be an enquiry into the way some building societies and banks have behaved in the past few years. Northern rock is a good example of a company growing to big for its financial boots. In a properly organised society, some big names would be heading for a spell behind bars for what they have allowed and encouraged to happen.
Houses are now in a steep decline and will continue this way for a long time yet. They are far to expensive. They have only reached the ridiculous prices that they are now because lenders have been lending foolishly, even criminally some may think. This has allowed prices to rise inexorably to the levels they are at now.
You can ?betcha-life? that The Lib/Lab/Con Party will try to cover this steep decline by allowing inflation to rip. If houses drop by say, just 10% annually for the next three years, that will be a much larger drop then it seems. Inflation is a governments way of stealing from the people, to a visible fall of say around 30% you will have to add the inflation rate, therefore over three years that could be around 60% or even more. The banks will be saved this way and the Lib/Lab/Con Party can spin, spin and spin its way out of the situation . Only the folks who were silly enough to vote for these trollops will suffer.
We are in for a decade of financial depression, reality will clear the air though, we will begin to see the world as it really is.
Hm!???..Quarter of a million pound a week footballers, semi-detached ordinary properties selling for hundreds of thousands of pounds, media personalities reaping in billions for doing nothing. And the rest of the make-believe Disney land world that we have been living in will go ?phut?.
the clown put in place a regime that was bound to achieve such results....
the banks have now gotten their 'customers'/mugs heavily over committed...the great majority of those will struggle for years to keep paying the banks....
if banks do get into difficulty the clown will seek to bail them out with taxes...every large scale banker knows that....
trying to shift government responsibility onto banks is economic illiteracy and political tripe served up to the ignorant....
the clown has been running a heavily inflationary policy as i have been warning you for many years....
the clown was bequeathed controlled inflation....he has pissed it away as socialists always do... inflation is just another word for 'tax'
you don't understand money or politics... or the intimate relationships between them...
you don't understand the modern world....
you are sheep...the place of a leftist government place is to sheer you regularly and fatten you up for christmas.... leftist governments believe you are cattle...often they are not disappointed... treat people as cattle and they end up mooing...just as you are doing right now....
this last is absolute irrelevancy......just more dumb socialist class envy
Which programme was this?
That's a fact?
Churchill had the labour party summed up perfectly when he said " The lefts idea of creating wealth is through high taxation and high public spending, thats exactly the same as standing in a bucket and trying to lift yourself up".
Capitalism is sadly the unequal sharing of wealth, but socialism is the equal sharing of misery, as all those parasites, scroungers and fools who voted for Blair and Brown are now finding out. Wilson / Callaghan / Healy were exactly the same and just as disasterous.
it is unfair to ignore the great blame that must attach to the leftist coup in the tory party, which has left the country leaderless for ten years, until cameron (with a short intermission with ids)...
the tory party is guilty of great dereliction of duty thereby allowing the ten years of (habitually) destructive socialism... imv there is greater blame for that tory failure than any failure of 'new' labour....anyone sane expects socialists to behave as they have.... tories know a great deal better and are therefore more culpable
If the Government spent cash saving Jaguar instead of Northern Rock and didn't give so much away in overseas aid and too welfare scroungers who they reward with a free council house then UK would be in much better state.
Note how the companies that fail badly are the ones with a long history of trade unionism ?, British steel, rover/ BL, British shipyards,. NCB etc etc we should only support companies that ban trade unions.
Remember the guy who used to post here under the name of something like 'House Price Crash', irc he was frequently shouted down as being some kind of crank, I haven't seen him about for quite a while, but if he's lurking out there somewhere I'm willing to bet that he's wallowing in a little bit of schadenfreude.
may i bring to your attention
1)as yet there is nothing that can be reasonably described as a 'crash'... 2)that if your 'forecast' a crash in every market year after year, eventually you'll be able to claim to be correct...it is the stopped clock fallacy.... 3)if people had gone out of the market at the point of the first posters babbling about 'crashes'...they would have missed a great deal of the rise...more to the point... hindsight is a wondrous thing....the fact remains that nobody can predict the future...nobody... as confucius says, 'people who follow tipsters tend to lose shirts'
regards
Ah, so it's absolutely nothing to do with this bankrupt government then?
Ah, nothing to do with the voters at all, then?
It's good to have a little bit schadenfreude to wallow in, oh yes.
:-)
when the voters have no real choice.... when most people get very little useful social education...
Today, BBC Radio 4.
And even if we accept that the parties are "different", many voters don't get to choose. A vote for the Tories in Sheffield would be wasted, as would a vote for Labour in Guildford.
tim
Oh, OK. I heard some of that too. I don't remember the Tories arguing Darling should have lied to help rich businessmen.
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