stumason
Whilst I agree with your sentiments about GB, your seem to have the wrong end of the stick about the spending. It's not about "spending our way out
of debt", it's about spending our way out of recession. Two different things entirely.
Big Government projects/spending has historically always either staved off a recession or at the least, mitigated it's affects well.
It provides employment, simple as. For example, before now the UK's big Carrier projects were looking uncertain, now they are going ahead full steam.
The project will ensure tens of thousands of jobs for several years at least.
Crossrail is another project that looked shaky until recently, now they are poised to spend nearly £20 Billion on the project, which in turn will
provide employment up until at least 2017 in construction and for many years after in employing staff to operate it.
I'm not even going to pretend that I understand economics. Does anybody? Maybe that's why we are in this mess. Spending your way out of recession is
all fair and well, but money doesn't grow on trees and all this debt has to be paid off and out of curiosity whose paying for all of this. The tax
payers? who are already hard up. It's just a shame we the people, like the banks can't claim bankruptcy.
Ian Dales Diary
Blame the Bankers If You Like, But Brown Is the Real Culprit
'A global problem which required a global solution', says Gordon Brown, trying to make out that he has been the instigator of the so-called global
solution. What he doesn't tell you, of course, is that Britain and America are the only two countries which have been hit in such a devastating way.
There's a reason for that. With Brown as chancellor Britain let its finances get out of control and encouraged a debt boom, the like of which we had
never seen before. Countries which managed their finances more conservatively have had fewer problems. Any rescue packages they are having to impose
are largely due to the collapse in world markets because of what has happened in American and Britain, rather than in their own countries.
The Conservatives must not let Brown off the hook. He set up the current regulatory system and must be held responsible for it. It has failed and he
is the man to blame. He was told over and over again the tripartite system was not working, yet took no notice whatsoever. It's all very well to
blame bankers for taking short term risks - but the regulatory system which Brown was responsible for not only allowed them to do so but positively
encouraged such behaviour. The warnings were there, but Brown ignored them.
There is little doubt that today marks a landmark in Britain's economic and political history. The long term political consequences are impossible to
determine yet. Labour apologists (and to some extent parts of the media) are trying to spin this as the day Gordon Brown discovered his vision for
Britain - see Jackie Ashley's (third) volte face in today's Guardian.
What a pity it cost us all £37 billion in the process.
www.nytimes.com...
I laughed at that article. If New Labour and Gordon Brown are good at one thing - It's screwing the the middle class and it doesn't take a genius.
Hickory-Dickory-Dock,
Inflation’s going up,
The Bear has killed the Bull,
And Lehmann Bros. are gul.
Soon the banks will be locked,
Hickory-Dickory-Dock.
Hickory-Dickory-Duck,
Stock market’s run out of luck,
The US announced ‘Bail-Out’,
But we still have our doubts
We know they’ve got no bucks
Hickory-Dickory-Duck.
Hickory-Dickory-Doke,
Now Iceland’s going broke,
And Argentina too,
And so are me and you.
And that’s the story folks,
Hickory-Dickory-Doke.
Hickory-Dickory-Dock,
It’s time to act, not talk.
So folks, pull up your socks,
And go sell all your stocks,
Before they fetch you rocks,
Hickory-Dickory-Dock.
Brown 'is Spending His Way Out of a Recession'
SHADOW chancellor George Osborne yesterday accused Gordon Brown of deepening the economic downturn by trying to "spend his way out of recession".
Mr Osborne (above) claimed Government plans to stimulate demand would result in a burden of debt which could take a decade or more to pay off.
The policy of borrowing more to pay for a state "spending splurge" was "a cruise missile aimed at the heart of the economy", which could force
income tax up by 4p in the pound, he warned.
In a speech drawing dividing lines between Conservative and Labour approaches, Mr Osborne branded the Prime Minister "irresponsible" for suggesting
the Government can "borrow without limit" to stave off recession.
Voters now have a clear choice between future Labour tax hikes to repay huge national debt, or a Tory "responsible road to recovery" which will
eventually bring down levies, he said.
www.istockanalyst.com...
[edit on 6-11-2008 by kindred]
Only an idiot would spend their way out of debt, but that's Gordon Brown all over.
but I've definitely had it with New Labour. 
