+ Post New Thread
Page 3 of 3 FirstFirst 123
Results 31 to 32 of 32
General Chat Thread, Dear George Osborne..... in General; Originally Posted by SYNACK The main thing that has no basis in reality is the banks and accountants deciding that ...
  1. #31

    Join Date
    Mar 2011
    Posts
    631
    Thank Post
    52
    Thanked 106 Times in 76 Posts
    Rep Power
    63
    Quote Originally Posted by SYNACK View Post
    The main thing that has no basis in reality is the banks and accountants deciding that the resession was over and the economy everywhere was getting itself out of trouble.

    All I hear on the news about the economy is how the figures show that it has been saved, then in trouble, then saved... this ontinuous cycle of BS is the really disconnected point of view. Unfourtunatly these people that sit about with their calculator trying to decide if they have made up enough money for that day or not are the ones running things. In their world the global economy seems to go from saved to in trouble three or more times a day. With this kind of insanely short term thinking at the top of the chain is it any wonder that things are still a mess.
    Absolutely. There were ongoing, systemic problems and the short-termist attitude of the politicians was "We can spend our way out of this and everything will return to normal." Sorry, but it won't. We have a decade or more of zero-growth while we start to pay off our debts. Then we can return to an expanding economy - if we deal with the debt and the welfarism and entitlement culture and so on. But we have a huge mess to deal with and it was very foolish (IMO) for the coalition to pretend everything was going to be fine. It smacks of an intellectual poverty that one would hope that a government as well-educated as this wouldn't be suffering from.

  2. #32

    localzuk's Avatar
    Join Date
    Dec 2006
    Location
    Minehead
    Posts
    17,095
    Thank Post
    511
    Thanked 2,309 Times in 1,785 Posts
    Blog Entries
    24
    Rep Power
    803
    Quote Originally Posted by Flatpackhamster View Post
    Absolutely. There were ongoing, systemic problems and the short-termist attitude of the politicians was "We can spend our way out of this and everything will return to normal." Sorry, but it won't. We have a decade or more of zero-growth while we start to pay off our debts. Then we can return to an expanding economy - if we deal with the debt and the welfarism and entitlement culture and so on. But we have a huge mess to deal with and it was very foolish (IMO) for the coalition to pretend everything was going to be fine. It smacks of an intellectual poverty that one would hope that a government as well-educated as this wouldn't be suffering from.
    Pretending its all fine does a few things:

    1. Increases confidence in the stock market
    2. Increases consumer confidence, and therefore spending
    3. Gets people to vote for them

SHARE:
+ Post New Thread
Page 3 of 3 FirstFirst 123

Similar Threads

  1. Pesions George Osborne
    By nicholab in forum General Chat
    Replies: 2
    Last Post: 21st February 2011, 10:27 AM
  2. Why George Osborne is an idiot.
    By mattx in forum General Chat
    Replies: 6
    Last Post: 23rd October 2010, 04:25 PM
  3. Calm Down Dear, It's Just A Commercial
    By StewartKnight in forum Jokes/Interweb Things
    Replies: 4
    Last Post: 14th July 2005, 11:31 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •