Nailing Brown’s Big Lie : GDP Can Grow During Fiscal Squeezes
Time and time again during PMQs Brown claims that the Tories would choke off a recovery by cutting government spending. This he uses to justify the fiscal nihilism that has seen the PSBR hit a record high of £20.3 billion last month. Suicidal unfunded spending.
The Tories don’t make the case for cuts very well, they don’t feel comfortable doing so and thus they shy away from nailing one of Brown’s big lies – that taxing and spending is the only way to get out of recession. This chart from Bloomberg shows that the UK economy has previously “enjoyed growth during fiscal squeezes in the early 1980s and mid-1990s, calling into question Prime Minister Gordon Brown’s assertion that cutting the deficit too soon would wreck the recovery.”*
Ben Broadbent, an economist at Goldman Sachs says “… periods of fiscal tightening in the past 30 years — the early 1980s and the mid-1990s — saw quite strong economic growth.” Britain’s budget deficit will peak next year at 13.2%, the worst in the G20 according to the IMF. Yet Alistair Darling says a quicker reduction in the deficit risks “putting the recovery at risk.” History shows that both Margaret Thatcher and John Major cut spending and boosted economic growth…
*From an article by Reed Landberg and Andrew Atkinson (not online).
Labour = Financial incompetence
Labour isn’t working
Comical Mandy = Kenneth Williams
Julie Kirkbride will step down. The thieving fucking witch
http://juliekirkbride.com/
Good.
“I want to take this opportunity to confirm to you, my constituents, that I will not be representing you all after the next General Election.”
Nice of her to assume she’d be elected again. Arrogant bitch.
Do I detect weasel words – she only says she won’t be standing in Bromsgrove.
At Christmas there is hardly anyone left standing in Bromsgrove, ask my mother!
Stepping down from the Bromsgrove constituency, yes.
Redditch is next door.
I foresee a nice battle of the red and blue troughing sows for Redditch.
How pathetic. ConservativeHome won’t let me post comments on the Kirkbride standing down thread.
Tossers can’t take a bit of criticism. Bunch of wankers.
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !
Goldman Sachs
please
and those graphs line up perfectly don’t they?
What is is with thieving bastard MPs and the area south of Birmingham?
I would go and investigate, but the traffic right now will be awful.
To do this properly takes serious bollocks, and there aren’t many politicians who’ve got them, frankly.
Mine have not dropped yet.
I’m keeping the nay-sayers in check and smoothing things over.
Once you have elected me as your PM I will do it.
McJonah tell a porkie???
Well I never whatever next who’ed have thought it?
Trouble is the Labour drones will believe the great one and vote for him again while everything he does is for him amd him alone and will do nothing for them.
Quote from Glasgow East By election – ‘Glad Labour won we should get some investment into the area now”
WAKE UP YOU DUMB TWAT labour have been your MP for 70 years and you are still not better off. Yet they trapse down en masse and vote for more of the same well until the twats like him wake up then we truly deserve this government and all the utter chaos it causes and they deserve every single second of the shit they have to live in.
Of course they vote for the same old shit every GE. They hate change! Just look at the postal strike and the BA strike, all about one thing CHANGE!
Dinosaures the lot of em. And twattie Derek Simpson dares to call the BA management Macho!! WTF?? Is there anything more aggressive than a lying union leader calling a strike!
They lied to their members about how damaging, and when the strike would be.
No wonder people living in back-to-back houses up-north never see any improvements to their lives with arsoles like these representing them!
I am unanimous in that!
And now they are offering to send billions over to the third world dictators to bribe them to keep their populations in abject poverty and starvation, whilst our elderly and infirm and infants will freeze to death each winter.
Especially if (as expected by real scientists that have not yet been assimilated by the AGW BORG) the climate cools significantly over the next couple of decades.
This is not a program for growth, it is national suicide!
see my post below Mr Ned
While sending billions overseas they cannot afford to put a headmaster in the junior school my wife works at. We now have to share with another school miles away.
He, Balls and his party really are totally evil lying twats
Mr Ned you are right. But Cameron has said that he would accept anything that Brown agrees to at Copenhagen. It is exactly as if Cameron is there in Copenhagen getting cock slapped by warmers. The man is a disgrace. Remember that until recently he actually said that he would keep Brown’s policies when he was elected? What a tosser. But Cameron has done the same thing with Copenhagen – he says to Brown that whatever Brown does Cameron will agree.
Brown and Cameron are tweedledee and tweedledum. I wonder if they wife swap too?
NuLab have been running the economy in yearly deficit since 2001, starting modestly borrowing only 12 billion. The current economic model is, earn 500 billion, spend 700 billion, borrow 200 billion. Clearly unsustainable, the madness is they propose to do the same next year should they (heaven forbid!) be re-elected.
completely ignores the mums, doesn’t sing, fiddles with the kids, then tries to fuck off half way through.
His eyes lit up when he saw that drumstick though – pocket that and get it shoved up later, he thinks.
my god that is bad, the man is a walking pr disaster, he looks genuinely lost, confused and terrified, love how he tries to run away midway through before realising he can’t, perhaps had screaming lord mandy telling him through an earpiece that the cameras were still on. psychologically flawed doesn’t even begin to cover it – he’s not just a twat he’s a stupid twat.
“With a trough, trough here and a trough, trough there, here a trough, there a trough, everywhere a trough trough…”
And Labour apologists (and that union wanker a few days ago) have the nerve to take the piss out of John Redwood for his Welsh national anthem cock-up.
At least Old MacDonald is in fucking english, and Brown can’t even manage that.
How could he, he’s a Sweaty…and I hate him!
That cow on the left looks like a lesbian. He should have punched her face in and made off with her kid.
Royal Mail Recall
Royal Mail created a stamp with a picture of the
Prime Minister of Great Britain … Gordon Brown
The stamp was not sticking to envelopes.
This enraged the Prime Minister, who demanded a full investigation.
After a month of testing and the spending of £1.1million, a special commission presented the following findings:
1. The stamp is in perfect order.
2. There is nothing wrong with the adhesive.
3. People are spitting on the wrong side of the stamp.
MoG brilliant!
Labour cover up torture and war crimes.
I must go.
Hahahaha
Throw another African on the fire would you? It’s freezing
We say “West Indian” in Tuscany.
How quaint?
1) Stop the spending on government b*ll*cks, cut non-jobs, pet projects like ID cards.
2) Cut b*ll*cks spending in local authorities.
3) Raise interest rates to encourage international investors and savers to bring their money back to the UK.
4) Stop allowing our companies to be bought and asset stripped by foreign companies (next target is Cadbury’s which Peter Mandelson claims New Labour can do nothing about).
5) Stop giving money away for the bogus climate change fund. How many Mercedes and private jets do the African and Asian despot leaders need?
6) Encourage manufacturing, alas New Labour have destroyed millions of manufacturing jobs for the “knowledge economy”, but thanks to New Labour we churn out more morons from schools and universities than ever – who have no knowledge of anything except the cancer of political correctness.
Actually, points three and four are pretty damn important, because the money is flowing one way at the moment, out of the UK.
Its the greedy banks that are robbing the savers. I am getting over 8% by lending with Zopa rather than .5% with the banks. Cut out the middleman I say.
The banks have been told by the government to increase their capital – so they are taking the money off us – blame Gordoom who was in charge of bank regulation for 10 years, and completely fluffed it.
There’s nothing fluffy about Gordoom
The Tories don’t make the case for cuts very well,
The Tories don’t make tha case for anything very well…George is just lightweight and cam doesn’t do economy very well at all.
All very strange when they have John Redwood in their party and refuse to use him.
Yeah but he’s really weird and logical and into geeky topics like economics and history – really boring and weird so can’t vote for him.
But Redwood’s actually WORKED for a living; 13 years in banking. Oh, and apparently his parents lived in a council house (so no Brown jibes about Eton). Both uncomfortable facts for Labour tossers to deal with.
Maybe that is why Wavey Davey is frightened of him, or cannot relate to him or his views.
Try Philip Hammond, Shadow Secretary to the Treasury; well on top of his brief:
Philip Hammond MP.
Good face to face too.
A blonde was driving along the highway when a police officer pulled her over for speeding.
Officer: May I see your licence?
Lady: What does it look like?
Officer: Its a rectangular thing with a photo of you on it.
The lady looks through her bag, pulls out her compact mirror and hands it to the officer.
The officer opens it up and says ‘If you had told me you were a police officer I wouldn’t have pulled you over.’
Fiscal incontinence = Labour.
all joking aside because, actually, its not very funny: labour have forgotten the concept of truth.
i’m ahead of the game – i’ve already bought a handcart cos we’re all going to hell in one.
Truth is not a socialist core value. Uncle Joe’s favourrite maxim “Smother the truth with many small lies- all that matters is the end result” Put into effect by A Blair over Iraq, G Brown over just about everything, and Global Cooling Deniers, who have institutionalised the concept.
No-one has even mentioned the PFI timebomb that will explode in the not too distant future. Has anyone ever seen an accurate total of the amount of money the country is in hock for for this barely concealed balance sheet fraud?
If you did some research rather than rely on perpetually ill-informed humanities graduate journalists, then stopped grasping for anything apparently controversial for long enough to think, you’d have discovered that the early 80′s “growth” was actually North Sea oil revenues coming on stream and the 90′s growth was the release of pent-up demand for consumer durables following the catastrophic economic mismanagement of the Major governments. Hardly towering triumphs of Tory economic policy.
No coincidence that Thatcher, who wasted the North Sea oil tax revenues on increased social security for the millions of the unemployed she created, Lawson who presided over the appalling housing boom/bust of the late 1980s and Major/Lamont who wrecked the fragile UK economic recovery in 1990-3 by (inter alia) astonishing political and economic incompetence in dealing with the EU, were all, you guessed it, Tories.
Labour may not be working now but there hasn’t been an economic “success” under a Tory government since the repeal of the Corn Laws (which the Tories opposed), unless you count the rise from penury funded by the USA after WWII, and with respect, even the Tories could not have cocked that up.
A lesson here perhaps?
Nonsense Guido, an open cheque book is the way out of recession.
Spend…spend..spend the taxpayers dosh. I am right!
That is all
Crimbo Treat from Nigella
looking well now she’s off the heroin
She’s my heroine
Dam thats good please pass the cleanex!!!!
Is there one of Nigel. You know, for Gordon.
Well, it is Christmas.
Bill he’s not the same since he lost all that weight, dam I need the cleanex again that 3 times in the last hour, I’ve not matched that record since I was 14 looking at the knickker section in the Kays catalogue!
One day I’ll be in a position to send white males like you to jail just for thinking about such things. Racist!
Fuck off you fat slag.
I’m saving up to be Jewish, so I can fork Nigella.
Come on babeeee sit on my face and tell me you love the Purpleline
Purps I always had to sit on your face. Your nose is bigger than your cock.
Its all those lies he tells
To Harriet Harperson.You try to interfere with my freedom and I will fucking kill you !!!!
“I like my meat beaten until its stiff” ROTFLMMFAO!
Ah, isnt innuendo wonderful….
Bitch!
She can peel my sprouts any day.
Problem with analysis, Guido, is that growth resumed in both cases because Tory Monetary errors were corrected. In early 80s we had misguided attempts to target the money supply which led to punitively high interest rates. By stopping the monetarist policy the economy was given a large enough boost to offset the tightening. The same thing happened in the late 80s/early 90s until Soros saved us. Today we have very low interest rates so the Treasury view is inapplicable and without a fiscal stimulus we would be in a much worse state than we are now.
Take care.
How can you know that without fiscal stimulus we would be worse off??
You have no idea what shit we are heading for with a 1.4 trillion quid debt!! Hello, that’s 1.4 trillion for crissakes!!!!!!!!!!!
Add in PFI and Public sector pensions = closer to £2tril
It is literally insane. Financial sado-masochism to a criminal extent.
Exactly indeed isn’t it?
“today we have very low interest rates’
Well yes we do but not for long and just like 1979 all over again the interest rates will soar in the next 12 to 18 months. It is said that interest rates shoot up to 15% during the fisrt year of a Tory government. WRONG!!! it was 17.5% as that was the fisrt payment I had to make on my house right after the wedding. Anyone marrying in Janusary 2011 will be in the same position I was more likely if not worse. Why? because of the total utter incompetence of the Labour administation previously in office.
Now again in 2009 rather than 1979 Again we see the similar sceanrio almost precisely except this time with trillions of debt to boot. One could almost start to think they do it purposely and they have the termerity to throw accusations about Black wednesday FFS!!!
Labour are criminals and Brown should be hung.
People are hanged and pictures are hung.
There is no doubt that interest rates in the early 80s were too high because of Tory incompetence. The Monetarist experiment was the greatest economic folly since that buffoon Churchill took us back on the gold standard.
Remember our debt to GDP ratio lower than lots of our competitors. Also this was a private sector crisis. Countries with varied sizes of public sectors all suffered the same economic woe. In fact, I would argue that we would have done better if the fiscal stimulus had been bolder. Countries like Germany and the US that had bigger fiscal stimuli have started growing faster although the Labour government deserves commendation for keeping unemployment so low in the middle of a global economic crisis.
You all deserve medals for your tenacity and your innocence.
Much luv
T+T
Tossertoast
While there are people like you around the country is fucking doomed.
2.5 Million unemployed ? Thats the ones admitted but we all know its certainly 6 million + more likely by the time the Labour gerrymandered figures are removed . Labour and people just like you deserve burning in hell not credit
Twat
TugsandToast
Usage For both transitive and intransitive senses 1b the past and past participle hung, as well as hanged, is standard. Hanged is most appropriate for official executions but hung is also used . Hung is more appropriate for less formal hangings.
I did not want Brown to have a formal hanging
http://www.merriam-webster.com/dictionary/hang
tugsandtost, with respect, that’s bollocks.
Bollocks of a staggeringly outrageous nature.
In fact, its a bollocks the size of a lions nuts that have been caught in a croc’s mouth and then pierced by a thorn bush.
This isn’t just any old bollocks. Its NuLabour bollocks.
re:tugs
“our debt to GDP ratio lower than lots of our competitors”
BULLSHIT. Back to school dickwad.
“this was a private sector crisis”
Exacerbated by complete and utter failure by the banking regulators.
Exacerbated by a completely shambolic exercise in public spending in order to piss a lod of money away.
The amount of spin, smoke and mirrors used to delude retarded, fuckwitted sheep such as yourself is truly amazing in its ability to bring out the naivety in you.
I was going to apolgise for using such harsh language, but with all due respect you need a verbal kicking up the arse. Learn to think for yourself. When you have learned of independent analytic thought you may return.
spot on Bill, of course Master Baiter could not say anything different… Master Baiter=tugsandtost..eh?
Public Sector Pensions Liability is around the 2 trillion mark, add in bank bail outs and all the hospitals and schools bought on the credit card (PFIs), and you are looking at 4 to 5 trillion.
So the ‘official’ National Debt of around 900 billion is looking rather disengenuous.
bollox tugsandtost
look at ireland it has been cutting a lot in the last year and what has happened?
broon and co use only PART of the keynesian argument but ignore the other part, which is to run a surplus in the good years. Doh Gordon your golden rule was a crap smoke screen. The only golden rule he created was the Brown Bottom. Pathetic.
There is also clear evidence of the sound money from the eary 20s when a serious recession was averted. There is muck and mire about what happended in the 1930 – 1937 years.
The only reason Gordo refuses to have a go at public spending is because that is where his votes are. Hardly putting the country first?
And all ths crap about Britain having a low debt compared to Japan, France etc etc Yes it was low but now due to the unfunded cash burn spending of mctwat we will have a much higher debt and that will be caused by years and years of deficits. Do you like paying interest on debt? Most peaople regarded it as wasted money. Well we will soon be paying more interest than we spend on education (and they have fucked that up too).
In regard to education the missus who works at a Primary school has been told that there will now be one just headmaster and one bursar between two schools. We are not sure where the other school is but we think it is in a town about 12 miles away. So ring fence education? Dont make me laugh. Its another Gordon / Labour lie and if you could see what actually is happening you would be absolutely outraged.
Education x 3 my arse. They have run out of other peoples money again so cuts in education are happening right now except they are all being done under cover. The children then are now the ones suffering as well
Lunchtime news now reporting – My local hospital is just cutting 50 satff as well so even the NHS is not safe in their hands.
Liars!!!
thats one headmaster and one burser between two schools. Apologies just absolutely fuming at the lies and deceptions they always give out.
That came out last year 99.
It was agreed BEFORE the extent of the fiscal stimulus and bailouts was known.
The merging of heads and schools is a measure that will allow savings to be made to the 2009-10 budget.
The 2010-2011 will call for much much more severe cuts.
Sorry to bring more bad news. Councils too will face restraint they haven’t know since 1980.
Every hour Brown delays the tax rises and cuts the worse it will be.
That’s “bursar”, not “burser”. I assume you’re a teacher as well?
It needs to be done this way because there is a dearth of decent new headteachers, we are very fortunate to have a really good one aged 41 at our Primary School. It’s a crap job, crapper than teaching unruly brats, and so it is not surprising that very few want to do it.
Our local very well subscribed (400+ pupil) Middle School here in S Suffolk is due to close in 2011 and presuambly kids will need to be bussed off to Colchester or even further afield, sinc ethe school is on the Suffolk side of the nearby border. Apart from social and educational considerations, the result will be a huge increase in traffic into busy centres, via many tiny often single track lanes.
http://www.school-portal.co.uk/Grouphomepage.asp?GroupId=298349
http://schoolsfinder.direct.gov.uk/9354013/school-profile/
2008 OFSTED report: ” The school was graded outstanding in most categories”
See visuals: the purple columns re the schools’ pupils, as you can see their attainments far exceed other local schools.
Sheer idiocy, to close such a centre of excedllence. But this is a Tory stronghold, so kids must be punished for the voting habits of their parents
and that fucking twat balls acting llike a child cos he was not given the keys to no 11 demanding Darling gives him more money (so he can fit out that new dept building he had built) for his dept. we know if he was in no 11 he would be demanding cuts
and he flip flops all the time one day saying he had found savings next day saying spending would rise in real terms
and fuckin broon away sucking up to obamah beach (giggling like school boys No 10 lobby) pathetic he sould be out on his ear the lying spendthrift!
It frightens me that Balls is in charge of education, and he’s my local MP. I e-mailed him about the mixed tug of war and touch rugby in paid for staff time by the BIA and have just gotten a reply which includes the phrase “members off staff”. The ignoramus clearly doesn’t know that there is a difference in meaning caused by the duplication of a consonant. That’s ZaNu Lie Baaah Education, Edukation, Ed You Cay shun for all of us.
This to can be backed up by the 1921 recession and Warren Hardings approach in the US as compared to the disastrous policy (New Deal) adopted post 1929 that lasted until the second world war boosted the economy.
tugsandtost – You are Alison Darling and I claim my €5
If it really is Alistair claim the £829.7 billion net debt.
Claim it? I’m effin payin for it!
Well my leftie,smug intellectual friend. One problem with your analysis. It’s fucking wrong. Firstly,give up the tired old habit of presenting a what if as a fact. You have no idea whatsoever might have happened. Therefore you cannot say it would. Get your own grammar right before correcting others -could have would give the correct sense. Or are you trying to be misleading.
Tory monetary errors eh? – why did Blair follow the same budget plan when he got into power if it was an error?
And who corrected the so called errors – Tory chancellors.
Personally I am fed up with the ‘ nothingtoseeheremovealongIamrightsoifyou disagreeyouarearabidrightwinger’attitude of drones like you. Every post a lecture.
You are either: a) an apologist for the political classes
b) A BBC employee
c) an economist
I’d like to throw the tried and tested argument back at him.
I think he’s a rascist.
The only reason our GDP is so high is because this incompetent Government keeps spending more and more money. GDP includes Government expenditure so if the Government taxes the private sector to death GDP will keep increasing until it finally all collapses. That point might be pretty dam close as by my reckoning this Government is spending 30% more than the Conservatives were in their last year. The outcome of all this expenditure is:-
1. It is now even easier for uneducated people to have large families and produce an even bigger generation of benefit claimants.
2. Our small business owners spend most of their time dealing with petty beauracracy.
3. The money has not actually been spent wisely as this Government has built up massive future liabilities and wasted all the money on employing people to make it even harder for business to make money.
I hope you continue to be just tugged and tossed as any children with your genes will be another drain on the society your beloved Labour twats have ruined.
What you are missing from this picture Tugs, is Brown’s reckless profligacy before the CC ever hit us. If Brown had not been deficit spending during the (faux) years of growth, this country would have been much better placed to weather the downturn. Because of Brown, this country was in a much worse place to deal with the credit crunch than most other advanced economies!
i cant believe the government are lying.
they tell me what i should believe and what is true.
Statistics are like a bikini, they reveal what’s interesting but hide what’s vital.
Most of these Labour voting morons have no interest in seeing the pussy – they just want to survive and die.
Cyclical life with Labour.
Labour – it never worked
I had a bikini once but my nob kept falling out.
Don’t argue with it then!
Good stuff Guido but the only people bright enough to pick up on this in the Tory party are the likes of Ken Clarke David Davis and John Redmond. Front bench – what front bench?
Cameron is not a Democrat and seems unbable to understand that MPs are elected to represent their constituents and not to toe the party line.
When asked this week about the scientific challenges to the manipulated ‘global warming’ data which he has swallowed wholesale, he opined that although a few Tory MPs disagreed with the supposed consensus, he wasn’t interested in their views as “I MAKE POLICY’
This is why I shall not be voting for him at the next election – one reason anyway
Thatcher didn’t actually cut spending – it was up by 1.2% when she left office!
The most economically successful PM was Major – but every seems to forget that!
Having a lazy chancellor (Clarke) is no bad thing. The less they tinker the better.
Is there any government position that a Nick Ridley character – empty in-tray, empty out tray and full ashtray means a successful day – couldn’t do better than an activist?
I believe economists from goldman sachs as much as I believe gordon brown as much as I believe a freemarketeer propagandist like Guido.
you are all full of shit and you are all trying to rip off the public.
innit.
Thick as Shit, that’s the first sensible thing you’ve said for months.
Now now….Gordon never spends. He only ‘invests’
Unfortunately most of his interest rates he gets have a ‘-’ in front of them
Kumi Naidoo, the executive director of Greenpeace International has said world leaders had just one day to step up or they would be remembered as “the people who consigned the world to chaos”.
Funny that I thought that was McJonah
Brown’s biggest lie= pretending he understands finance.
gordon is a fool….never worked in business…
and sees himself as so important.look at the way he struts around.
obsessed with himself and stuck in a non-existent class war.
everything he does is to promote himself as the new saviour.
as pm it would seem that he is untouchable and unaccountable.
can we take him to court for any of the insane spending or lying?
only wankers double space on a blog.
from one to another
It is usual to start sentences with a capital letter.
bOLLOX
I am a delinquent and by definition do not follow the rules.
what a boring life the friendless spastic has.
said the friendless spastic.
Still expect further investment this afternoon at Copenhagen to ‘seal the deal’ with Omaha, so that once again he can feel he is in with the big boys, saviour of the world, statesman of the universe!
Meanwhile Corus is paid to close down a UK plant and open another one elsewhere. Doing the right thing, British jobs for Indian workers!
My soly ution – plant more tress, cut waste. 20% of our food ends up in the bin FFS!
You can bet the Indian plant won’t be clean and efficient. No way.
Wanker on the radio last night saying the Indian poor burn twigs so they’re contributing to Co2. Burning twigs FFS?!
My wife burnt an Indian last night.
Indira Ghandi’s funeral was years ago!
Has your missis got a time travelling deLorean?
I’m working in India, helping to build a cement production plant. It is being powered by a coal fired powerstation at the same site. You would not believe the poison that comes out of the chimney. It’s all about money. Oh, the dirt poor, don’t even have twigs. They freeze.
Actually, the Indian poor burn dried cowshit – in India that’s a constantly renewable bio-source.
Tesco have enough unsold meat each week to fuel a power station! How obscene is that? Animals raised, slaughtered and dying in vain, feeding no-one -and pensioners like myself can afford to eat very little meat. Richer members of my family throw away more food each week than I eat. I only shop at supermarkets which mark their food right down on ‘sell by’ days rather than junking it to keep prices up – Somerfield is the best.
Food waste in the developed world is an international scandal, huge portion sizes in the US being one part of the problem. Tackling this rather than fomenting spurious ‘climate change’ panic would go a long way to solve 3rd world problems
Why don’t your richer family members give you their over purchases, or invite you around for lunch?
‘Shovel-mouth’ Brown will pick up on that.
Is it me, or does the economy shrink when the green bars get really high?
“Suicidal Unfunded Spending.”
No, socialism.
Brown doesnt care about growth, only funding the public sector – big state control.
Austrian encomists show that cutting public spending, boosts the private sector economies because people have more money to spend. Simples.
This disposable capital then is able to be invested in private enterprise which IS a cause of growth in the enconomy. But this would mean more autonomy, more independence, less government. It isnt easy to see why this wouldnt appeal to the socalists of Europe. They would be out of a job.
Browns got a growth alright. its on his fucking shoulders
Lets cut it off,then
I have a blunt rusty saw, fancy a go with that?
It’s a fallacy of socialists, as well as of many bloggers, to assume that recipients of state largesse necessarily vote Labour. I have a handicap which has always made if very hard for me to earn a regular living, so I a have neither savings nor pension.
This doesn’t mean I’m financially illiterate nor that I won’t make a political judgment come election day in the interests of the country rather than my own narrow self-interest. In any event it’s been my experience that the genuinely willing to work have been no less well treated under Tory govts than Labour – rather better, in my experience.
I also think the Tories are more likely to play fair with pensioners, who have been utterly shafted under Labour – except those with public sector pensions. If there had been fewer of these created in the last 12 years, there would have been a lot more money for retired people who had actually worked for a living in the productive sector (mine was publishing, a huge net exporter).
De-indexing these public pensions and putting them on a par with others should be a priority for the incoming regime
Twatty woman on Aljabbeba 24 said this morning that Sarkozy had started a meeting in Copenhagen with a blank sheet of paper and nobody agreed with it?? WTF
How are they ever going to agree if the document has words on it??
especially if Brown has written them. Could be agreeing to anything.
The… c.. c…cat… ssssssssssat on the….
Fuck this reading and writing bullshit. I’m gonna be a PM.
Sarkozy must be trying out that new special French invisible ink on the paper.
The the fucking malingerer’s out to work in any job at all.
Stop immigration.
Get rid of 1/2 the civil service and council blobs.
get rid of the human rights act.
Tax banks extra on their profits until we have got our money back with a profit. The risk reward scenario of that would soon see us get it back.
Stop wasting money on foreign aid as it just doesnt get to where its supposed to go.
there you go problem solved. vote me.
http://political-graffiti.blogspot.com/
I’m just afraid that instead of going to a Gold Standard,Governments will use the crisis to lead us into a Lefty/Fascist,Fiat fiddled Global Government.
Surely Brown will invent a new measure – The Cold Standard.
The warmer it gets,the more he will try and tax us.
But We,The People will rise up and smash the scum Brown.
Do you think GCHQ have got “I Predict A Riot” as one of their key phrase watchouts – report it to Cobra and send in the SPG to beat the crap out of you?
I reckon we’re(the Conservatives) fucked and I will be Leader of Her Majesty’s Loyal Oppositon for life.
I never really wanted to be Prime Minister anyway.
Tories had a close call in the last council by-election of the year as overall projected figures for December put them just 0.3% ahead of Labour with less than six months at most to the general election.
They held on at Earlswood and Whitebushes, Reigate and Banstead Borough, Surrey by just 78 votes over Liberal Democrats.
Winter weather cut turnout to just over 16%.
The result comes after the Conservatives’ worst month for years, with five seat losses.
Analysis of 12 comparable contests this month gives them a projected nationwide lead of just 0.3% over Labour.
A calculation based on eight wards fought both times by all three major parties gives a line-up of C 36.8%, Lab 32.9%, Lib Dem 20.4%
Now if we can just keep the torture stuff secret and keep my low personal ratings out of it I might not get lynched.
Gordon Brown has announced how he is going to reduce the size of unemployment queues.
He has asked all the jobseekers to stand closer together.
I hear UB40 has re released ‘I am a 1 in 10′ ,but to stop confusion with the 80′s version they have decided to call it ‘I am a 1 in 3′
I see Bell end did well in the cricket again bowled for 5 – twat
Just as big a twat as Cook
Ahm havin a word with the lad. Soon put him right wit’ wide end o’ my bat
PM: have broken into small groups to try to break logjam
http://twitter.com/DowningStreet/statuses/6794911356
Trouble with his bowels?
Nice Beaver
I thought they never gave ‘running commentaries’?
Does he think we’re stupid enough to believe he writes these himself?
He cannot even see the fuckin’ phone,let alone the bloody keys to type any kind of message except “Sory bout yr kid – bad news a?”
Brown – the drug addict.
The credit crunch helped me get back on my feet.
They repossessed my car!
Guido, you seem determined to prove your macroeconomic incompetence with almost every other post. Well played sir.
Context matters. If we are at a supply frontier, fiscal consolidation does not hurt. If we are deflating and have insufficient demand, it does.
Read on
http://freethinkingeconomist.com/2009/10/30/its-out-slash-and-grow-or-can-osbornes-route-to-growth-work/
Money talks. Trouble is, mine only knows one word;………….Goodbye!
Any failure of demand is only a symptom of the banks being bust rather. Fix the banks and the recovery can start. Zombie banks will not be able to provide the finance businesses will need to stock up again, take on more staff and so on. In other words, we are indeed at a supply frontier.
The bank returned a cheque to me this morning, stamped ‘insufficient
funds’…………. Is it me or them?
*BREAKING NEWS*
KIRKBRIDE STEPS DOWN AT NEXT ELECTION !!
Tory MP Julie Kirkbride has finally decided to stand down at the next general election after heavy criticism of her expenses claims, she announced.
http://uk.news.yahoo.com/21/20091218/tuk-expenses-row-mp-set-to-step-down-6323e80.html
Also Labour MP Kim Howells also stepping down
http://uk.news.yahoo.com/4/20091218/tuk-outspoken-mp-kim-howells-standing-do-dba1618.html
You know it’s a credit crunch when;
The cash point asks if you can spare any change
There’s a ‘buy one get one free’ offer on banks
The inland revenue is offering a 25% discount for cash payers
Your builder asks to be paid in Zimbabwean dollars rather than cash
what a load of crap.
BREAKING NEWS*
KIRKBRIDE STEPS DOWN AT NEXT ELECTION !!
Tory MP Julie Kirkbride has finally decided to stand down at the next general election after heavy criticism of her expenses claims, she announced.
http://uk.news.yahoo.com/21/20091218/tuk-expenses-row-mp-set-to-step-down-6323e80.html
Also Labour MP Kim Howells
Hip Hip…..
Good ridence to bad rubbish.
At least Kirkbride wasn’t involved in targetting scabs in South Wales.
Winston Churchill didn’t like strikers in South Wales either.
This was always going to be the problem with blair-lite Cameron, he doesn’t seem to actually fundamentally believe in anything.
If he did he would create his own dividing line with the Scotch overlords of England, namely an outright honest belief upon which he is prepared to fight, and yes probably lose the election.
State spending under Labour is out of control and they are leading the economy to ruin…as usual.
Losing the next election on a point of conviction that state spending has to be slashed is far preferable to the misery of being parhaps the largest party in a hung Parliament, whatever the Tory front bench feel.
Let the next five years be Labour’s problem, the cuts, the strikes, the pressure on sterling.
Does McDoom have the will or courage to face down the Unions?
Of course not he’s a quitter, a coward, a maladroit halfwit who only stands up to those who cannot oppose him.
Let the juvenile electorate of this country face the consequences of Labour’s lies and a real Tory government might then get elected with a sustainable majority.
Any decent principled opposition would never have let the electorate forget the oft repeated mantra of the spendaholic loony, ‘no more boom and bust’.
The words of a delusional and pathetic little chancer.
How juvenile/idiotic/imbecilic do the people have to be to vote for this shower of liars?
No, I want Labour to win, the economic reality wont be felt until a year/18 months, and then someone has got to pay the cheques Gordo has been writing.
It’s going to fun watching the reaction of the professional benefit scroungers, the disability fraudsters, the ruffian troglodytes, and the state employed paper shufflers when the borrowed money finally runs out.
Gordon Brown says the recession does not bother him…..as he was a failure in the boom years as well! Badoom. ;D
I’m inclined to agree, but we’ll all be dragged down, not just the oiks.
Yes, Guido, the economy of rich people kept on growing. The other 98% of the population had their lives ruined.
Still, who cares as long as rich foreign people are looked after.
I agree
The graph clearly shows how Governments like to splurge other people’s money with no thought for tomorrow.
have you seen my wad
loaddsa money
Now listen up here lad. You can stop all yer softy shandy drinking southern ways or you’ll be saying hello to my new bat.
thee might have a bit o cash lyin abaht but we’ll have none of that showing off round ‘ere
The Telegraph has just revealed that my local MP has claimed for some horse manure and a catapult.
It’s really landed him in the shit.
did some one say manure?
This is nothing to do with the headline billions and all the rest. Nope, the deal is that the Kyoto Protocol is saved – which is what all the fuss was really about. That safeguards the carbon market and opens the way for it to expand to the $2-trillion level by the year 2020. Against that, even €100 billion is chump-change – you can buy countries with that sort of money.
Their deal in place, the kleptocrats and the Corporatocracy can go away happy and plan how to spend all their ill-gotten gains, leaving the leaders to grandstand, make their deals, shake hands and strut through their photo-sessions before jetting off in olumes of “carbon” to be greeted as saviours by their underwhelmed peoples.
http://blogs.telegraph.co.uk/news/jamesdelingpole/100020288/climategate-we-won-the-battle-but-at-copenhagen-we-just-lost-the-war/
I guess Al Gore has just become a very rich man indeed, His carbon market billions are safe Kyoto lives. The greens have been stuffed, the leaders made fools of and the ordinary people have been stuffed…but Al Gore and his Carbon market is secure.
The frustration levels are very high!
The Clintons and the Gores were having dinner one evening and the topic of conversation got around to sex and partners.
They all agreed they would swap partners for the night. About 2:00 o’clock the next morning, Bill got up on one elbow in bed and said ” Al, what do you suppose the women are doing right now?
That there Clinton lad wasnt so bad.
He liked a pint and a knock on the green when he were over.
Copenhagen Negotiations very easy to summarise:-
1. China says “Trust us to control our emissions – we don’t require anyone to verify what we do !”
2. USA says “Sorry China we actually Do need someone to verify what you’re doing !”
3. Developing Countries say “Look show us the cash BEFORE we start doing anything !”
4. Developed Countries say ” Er sorry no we need to see you doing something BEFORE we hand over the cash!”
5. A desperate Gordon Brown says “Look please someone anyone I will pledge £200 Billion over the next 10 years and cut UK emmissions by 98% by the end of 2012. Look I can Save the Planet – honest. Look I need some sort of deal that the BBC can trumpet as a personal triumph for ME in tonight’s 6pm News!!!!”
Very astute observation and no doubt very accurate.
The last bit irrespective of what happens will still be trumpeted as a Huge triumph by Pravda for the dear leader and sheeple will believe it of course.
Sad but true
Vote for me please votefor me i saved the world saved the planet saved the poor saved the banks saved mandy saved the crock i am married i am normal i like football as it is the game of the common man i watch x factor as it is the programme of chioce for the C1s that will vote for me vote for me I am the consensus i do not walk by on the other side i did not go to eton i am obamaha beach best friend and i am sarky’s best friend vote for me vote for me do not let the nasty nazis inpower they will kill rape and pillage labour labour labour green cor it’s al gore that’ll be worth a few
votes.
Lad you couldn’t save a penny for a rainy day.
Get theeself back to Jockoland before I start testing my new bat on thee thick ‘ed
I hope and pray Brown fails at C’hagen – I could not bear to have to watch him bragging this evening.
Of course if he fails,it’s all of our faults.
Can someone please drive him off the road?
Exercise programme…Take one Weetabix. Take an Aero chocolate bar. Crumble the Aero over the Weetabix. VOILA….AEROBIX!!
“History shows that both Margaret Thatcher and John Major cut spending and boosted economic growth…”
But then they represented a party that understands economics …
I reckon what will be driving Brown more than anything to try and steal/bribe himself to win the election,is the fact that the history books will show he lasted 3 years against Blair’s 10 years.
That must be driving him literally mental.
The fact he is unelected is irrelevant to this fraudster.
Hence the reason why he will wait until the very last day before calling an election.
The IMF backs Brown on fiscal stimulus.
The IMF has warned Brown to cut spending on health and pensions if he is to avoid serious problems in the future.
Brown won’t cut much, of course. He wants to cause problems for a future government so that he can snipe at them. He acts for party advantage, and not in the country’s best interests.
Everyone including Brown says that cuts are inevitable, the debate is about when.
The IMF backs Brown in maintaining the fiscal stimulus.
The Conservatives have been wrong on every part of the crisis and continue to be wrong.
Everyone including Brown says that cuts are inevitable,
When did he say this?
PP
I suppose this is a good time just to remind people of all the warnings that were issued by the IMF and ignored by McFuckwit.
These warnings were issued by the IMF as well as the EU central bank but McDoom ignored it. Hence we are where we are and it was not someone elses fault.
These are the IMF warnings which give the lie to the your protestations of innocence:
1) Dec 2003 IMF gives Brown borrowing warning
2) Sep 2005 IMF report warning over £1 trillion mountain of debt
3) Sep 2005 Brown besieged over growth and borrowing plans
4) Dec 2005 IMF fires new warning over Britain’s finances
5) Sep 2006 IMF warns over possible UK property crash
6) Oct 2007 IMF report UK house market is ‘heading for crash’
7) Apr 2008 IMF: UK vulnerable to US-style housing slump
This October, the IMF said that the UK was worst placed of all the major economies to weather the coming recession.
Oh and over a similar period of time the following statements were also made by this Government
Ruth Kelly: May 2002
“We must avoid a return to the days of boom and bust that manufacturers had to endure for a long time under the Conservatives.”
17) Yvette Cooper: May 2004
“We know that they want to turn the clock back, but it would be foolish to turn it back to a policy of boom and bust.”
18) John Prescott : January 2005
“Labour economic stability has replaced Tory boom and bust ”
19) Tony Blair: 2005 Conference Speech
“In the first two terms we corrected the weaknesses of the Tory years: boom-and-bust economics ”
20) Alistair Darling: March 2005
“As I said, there are two approaches—first, a strong economy, stability and helping families or, secondly, the Tory cuts, the undermining of stability, and a return to the boom and bust of the 1990s.”
21) Gordon Brown: March 2006
“I have said before: no return to boom and bust.”
22) Gordon Brown: December 2006
“Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history”
23) Gordon Brown: March 2007
“We will not return to the old boom and bust.”
24) Alistair Darling: June 2007
“…acknowledges the outstanding performance of the economy under this Government with the longest unbroken economic expansion on record, in contrast to the boom and bust of the previous Government “
There are of course hundreds of references to ‘best placed to weather recession’ after 2007 etc but even Ireland has comeout of recession now and we are alone STILL in recession after 6 quarters the longest recorded since records began in 1955 .
These are the facts.
No they don’t!
We could have done with some
everyone including the IMF and even Gordon Brown says that Private Parts is a right Huhne.
selective statement picking and fucking dogwhistling to the thick as shit benefit dependant northern council estate tribal voters.
fucking eejit.
History shows that both Margaret Thatcher and John Major cut spending and boosted economic growth…
‘Cos Government IS THE PROBLEM, NOT THE SOLUTION.
But don’t expect an IQ retarded population to understand that. Innit.
This crisis was created in the private sector and is being mopped up by the public sector. By definition in this crisis the private sector is the problem.
http://www.labourlist.org/why-labour-should-apologise-jessica-asato
Can I suggest you increase the dosage by 400% you uneducated chump!
The crisis was created by a reckless financial sector and by criminal malfeasance in America.
The ‘free’ market has malfunctioned, badly.
It is the beginning of a new era.
The ideology of ‘free’ enterprise is a proven error.
Get over it.
beginning of a new era? nothing has changed the banks are back to their old ways already and gordon brown does not have the nuts to stand up to them.
we do own several banks but gordon can’t wait to let them off the hook.
you are a complete idiot.
return to labourbloggers4war immediately private parts your fellow labour cripples are missing you.
oh yeah: get over it.
you may go.
Shu-up thee stupid lad!
Carry on like tha, and you be chewing on the fat end of my bat.
You need a good fuckinin slap about thee ‘ed lad.
Ermm “may I call you dick for brains”? it sounds better than private parts. 13 years of unadulterated socialism has left us with the biggest debt in the history of this country you should get over the fact that Labour has successfully bankrupted the economy 4 times in the last 100 years and three times private enterprise has brought us back from the brink.It will take a great deal more than blaming America and spending and printing money that we do not have for brown to dig himself out of this self inflicted fxxx up.Public sector debt is the prime millstone around everyone’s neck sucking up every spare pound like a bloated parasite and until it has been reduced to living within its means the rest of the economy driven by the private sector does not stand a cat in hell’s chance of recovering due to the fact that there is no money in the system for growth or investment that hasnt been swallowed up by this marxist beaurocracy.
Good news, ladies and gentlemen. Retail sales this year are up……. That is fantastic news for the economy of China.
AND Amazon.Com …..Dave
and global warming, just think how many shitty power stations China will have to build in the new year to cope with the demand and they will have to let their people have more than one child because there aint enough child labour to make goods for maxed out western credit card users…….. ”Dam my mobile phone is at least a month old so I will have to buy a new one that has 90,000 APS but I’m dammed if I know how to make a simple phone call with it ?”
Can ayone explain why there is no civil strife in the current climate.?
Has the Nanny state finally won and subjugated the British Spirit. I am interested in organsing a demonstration to address the lies and non representation we get saddled with. I am not sure we can trust the next government to be any different. We may be better off rafffling seats in both houses of parliament and leaving it to those that win to represent the public.
Sorry it’s Xmas and we’re busy shopping and getting pissed NOW. Come back in January after the January Sales.Thanks!!
I suspect that the alternative govt. is seen with a jaundiced eye.
There ‘s also the point, which has been made here before, that “protesters” tend to be lefties as they’re non-workers, or “students”, or sheep, or the type who enjoy a good protest, even if they have no idea what they’re about.
Sorry mate its to cold to strife its all that global warming, anyway why whinge about the 6 billion thats a pebble in ocean compared with money we’ve given to banks……
Barack Obama’s daughters are very smart.
They told him they will take the same responsibility for the dog that he is taking for the economy.
That way, if the dog leaves a mess in the White House, it’ll be cleaned up by future generations.
Enough of this hockey stick software stuff Mr Fawkes. You’ve been with those naughty boys from East Anglia haven’t you?
It has been clear for 12 years now that McDoom and his glove-puppet successor darling Darling are completely and utterly fucking illiterate when it comes to the UK economy and what makes it tick.
You not be wrong there lad. That theer scotch milk they suckled as a boaby melted their little Jocko brains, now say it didn’t.
You’ll find ahm right lad.
It won’t matter – at least 25% of this country are too stupid or too dependent on the socialist hand outs.
Brown must think he can get away with anything, because, frankly, he’s unlikely to get a ’97 style thrashing.
To think that people kicked out the Tories because of ‘sleaze’ 12 years ago… I wonder how many regret switching to that greedy f*cker Blair and his band of troughers?
Jon: “Nick it appears that a deal at Copenhagen may just be slipping away tonight despite all that Gordon Brown has done personally to bring the parties together ?”
Nick ” I fear it seems so, Jon, But I’m told that whilst there is a chance,however slim,that a deal may be brokered at the final hour that Gordon Brown will continue to strain every sinew to bring that deal to fruition !”
Jon: “And, of course,it was Gordon Brown who actually got the talks moving again on Wednesday ?”
Nick: “Yes it was and I understand,from sources close to the Prime Minister,that it was solely his pledge to increase the UK contribution to the developing countries that unblocked the “log jam” and showed the World HIS personal committment to gaining an agreement at Copenhagen”
Jon: “So he must be very dis-appointed tonight at the instransigence of some delegationd ?”
Nick: “In fact no,Jon.He’s surprisingly upbeat about it and in fact will lay legislation before the House in the New Year to make the UK the predominant force in cutting emissions and giving aid to those “Developing Countries” and I understand,in confidence, that many countries are contrasting Gordon Brown’s approach to those of other major western nations which are dragging their feet and placing obstacles in the way of agreement !”
Jon: “So it seems then,Nick, that Gordon Brown has, if not secured all that he would have wished at Copenhagen -has gone a very long way to help “Save the Planet”?”
Nick: “Yes, Jon. I think he has and by any measure this whole summit must be viewed as a personal triumph for Gordon Brown and British diplomacy!”
Jon: “And yet again he has shown exactly what Britain would lose if he were not to continue as Prime Minister next year ? ”
NicK; “That’s is correct,Jon and I think that David Cameron will suddenly be a lot less happier over that forthcoming contest than he was a few weeks ago!”
Jon: ” Thank you for that, Nick. And now to other news……major travel disruption in the South East of England and Kent tonight as freezing winds and driving snow make driving extremely hazardous.Over to our travel correspondent who I believe may be stuck somewhere on the M2 in Kent ?”
A perfect comedy sketch of the BBC, it should be the basis for political comedy to match yes prime minister.
The problem with Bremner Bird and Fortune is that it is too close to the truth for many people to realise it is a parody. But then again, we have a government that is too far gone and beyond parody. I’d bet that even Armando Ianucci would have to cut back real tapes of what goes on in the Downing Street Bunker because everybody would believe that it was fiction, not fact.
Had me stumped for a caption. Then, as happens, you turn your mind to more constructive things, and a solution appears, self-evident in its simplicity.
Ho, Ho, (and) Ho.
Hang on a minute, doesn’t that graph show ‘sustained growth during majors tightening’ in starting in 1998/9 ?
Didn’t Labour come to power in 1997 ?
Be patient with me I am very stupid.
At uni’ Mrs T is still the bogey man. There were howls a week or two back when the Mail published that editorial about industry declining quicker under Labour.
There was no mention of the fuck-up Labour had made of the economy in the period leading up to the Conservative victory in 1979.
She even gets a kicking in my Heritage module!!!!
Nothing like a bit of socialist history rewriting………..
But is it coincidence or causation? – And please don’t give me that free market crap about all those lovely bankers etc. wanting to lend money and private investment being ‘crowded out’ by public?
Your chart omits interest rates and tax rates, both of which affect consumption and can off-set any changes in government spending.
VAT (nearly) doubled in the early 19080′s due to those lying tories when growth took off, but I doubt you want to double it again.
In Europe ALL food and clothes are fully subject to VAT. In Britain the right to zero rate goods was strongly defended by Mrs T in order to provide relief for those with reduced means. Staples were therefore subjected to VAT at zero rate. Look at your supermarket bill to see how much is ‘zero’ rated.
Get it right before you launch an ill-informed tirade No. 170.
PS VAT is a ‘European Tax’ where member states are not free to act unilaterally outside a ‘narrow’ band.
VAT can not be doubled or scrapped without Brussels being very heavily involved.
No one else could handle the economy better than me, remember, buy high, sell low.
Far from having been caused by free markets, this crisis has been caused by distortions of the market from ill-advised government actions in the UK and America with a globalist agenda: explicit and implicit guarantees to supersize banks, inappropriate empowerment of rating agencies, disastrously loose monetary policy, bad regulation of big insurers, systematic encouragement of reckless mortgage lending – not to mention distortions of currency markets by central bank intervention.
i was beggining to think i was one of the few that felt somthing was very wrong with whats been going off , as rolf harris might say can you see what it is yet !!
In a nutshell! Any chance of you standing for parliament in South Suffolk?
Since McBust delights in finding news ways of ‘spending our way out of recession’ this should appeal to him:
http://biased-bbc.blogspot.com/2009/12/brussels-thieves-adopt-new-budget.html
All done without so much as a whimper from the Beeb or our useless Opposition.
Fiscal squeezes encourage growth by shrinking with the regressive and corrupt public sector.
Once economic reality reaches the desks of the big government departments and local authorities, they are forced to adopt policies which support and encourage wealth-creation.
As one of the country’s wealth creators, I have watched with dismay (and anger) the growth of public sector arrogance over the last decade. It has been highly detrimental to my business: red tape, tax, as well as absurd policies on employment, training and planning, have all handicapped the business. I am on the point of leaving the UK for good, but others may possibly stay and provide the much-needed growth.
I love how “Major’s tightening” on the graph takes place between 1998 and 2003. Anyone would think this site was party political…
I think the concern is about LONG TERM growth. I’m not saying they’re right, but the logic is plausible consider; suppose we cut all the money from the education budget and put it into subsidising high-tech industry. It seems easy enough to predict there would be a short term growth spike followed by a long term decline. Now I’m not saying that’s what happened with Thatcher, but it’s not a question you can resolve simply by pointing at a graph and saying there was growth simultaneous with fiscal tightening; that’s confusing correlation with cause. You need more substantive analysis of fiscal policy to establish a connection one way or the other.
Even if Darling cut spending economic growth might not follow. Jonah would curse it by saying it would.