The Politics Thread

[MooseBreath]

Interesting. And this is from a Tory. http://www.huffingtonpost.co.uk/ramesh-patel/growth-cameron-austerity_b_2007552.html

It's from Ramesh Patel who calls himself a Conservative economist but has written some terrible articles criticising David Cameron that have been thoroughly debunked. He is clearly not a Conservative supporter much less employed by the conservatives in any capacity, and neither is he an economist of any distinction. He claims to have read economics at university but that's about it. Nobody pays him to be an economist so in my opinion he isn't one. That the Huffington post agrees to publish his awful blogs says it all about the quality of that website. Ramesh Patel is a joke, the Huffington post is a joke. I've honestly got more respect for the things I read in benefitcutsmademefeedmykidsmudforamonth.com

[Carl the Llama]

But he's not wrong about the deficit figures.  It's been well known amongst the members of the population with the ability to read and analyse figures and come to an independent conclusion that the Tory guff about nasty Labour leaving the UK up shit creek is just that.  If they convince enough people how bad it was under Labour and how close they came to killing the country, those people won't complain so much about the relentless attack on the poor poverty.

[MooseBreath]

Oh wait, I don't know why but I foolishly assumed that ken had posted a recent article from Ramesh Patel. It's not recent, it's three years old. It was slated at the time, some of his numbers are plain lies.

Here's just one example of a debunk

brackenworld.blogspot.co.uk/2012/10/did-ramesh-patel-get-paid-for-this.html?m=1

It appears that Ramesh Patel has gone a bit quiet since, I wonder why? Because he's a total bullshitter perhaps.

[MooseBreath]

But he's not wrong about the deficit figures. It's been well known amongst the members of the population with the ability to read and analyse figures and come to an independent conclusion that the Tory guff about nasty Labour leaving the UK up shit creek is just that. If they convince enough people how bad it was under Labour and how close they came to killing the country, those people won't complain so much about the relentless attack on the poor poverty.

They were incompetent in power but even more shambolic in opposition. Ed Balls literally didn't know ow if he wanted to follow Keynes you not, or at least he could never articulate his opinion well enough to make any sense. They're even worse now, I can't wait to see the shambles Corbyn comes up with when the time arrives that he has to has to start talking in practical economic terms.

[Guest MattP]

Will the day ever come where Ken posts a link from within the last year?

Agree with the above post, I do hope Corbyn is still in his position when Labour has to put forward their plans to pay for everything they are going to promise, it's going to be absolutely hilarious.

[Rincewind]

Look at the date at the top. It has also been updated. It is  on Twitter  The article is from the Huff post which was published 18th October. I think an apology is in order.I normally look at the most recent date. The article refers to events to pre 2010 so it is irrelevant what date it first came out. Maybe people should be reminded of it.

 

Posted: 

24/10/2012 14:52 BST 

Updated: 

03/04/2015 11:59 BST

 

18 October 2015

 

"Facts do not cease to exist because they are ignored"

― Aldous Huxley

[Rincewind]

But he's not wrong about the deficit figures.  It's been well known amongst the members of the population with the ability to read and analyse figures and come to an independent conclusion that the Tory guff about nasty Labour leaving the UK up shit creek is just that.  If they convince enough people how bad it was under Labour and how close they came to killing the country, those people won't complain so much about the relentless attack on the poor poverty.

Very true.

[MooseBreath]

Look at the date at the top. It has also been updated. It is on Twitter The article is from the Huff post which was published 18th October. I think an apology is in order.I normally look at the most recent date. The article refers to events to pre 2010 so it is irrelevant what date it first came out. Maybe people should be reminded of it.

Posted:

24/10/2012 14:52 BST

Updated:

03/04/2015 11:59 BST

18 October 2015

"Facts do not cease to exist because they are ignored"

― Aldous Huxley

That's today's date ken mate, not the date the article was published. You're right though the article was updated as recently as April this year and maybe people do need to be reminded about what has happened in the past sometimes. Like this whole "attack to the poor" rhetoric, have these people forgotten the increases to the minimum wage and tax free allowance and the massive decrease in unemployment already?

[Rincewind]

 

http://www.theguardian.com/commentisfree/2015/oct/18/cameron-tell-lie-conservatives-conference-truth-decency-comedy-routines

[Guest MattP]

When do you think governments should run a surplus Ken?

[Claridge]

That's today's date ken mate, not the date the article was published. You're right though the article was updated as recently as April this year and maybe people do need to be reminded about what has happened in the past sometimes. Like this whole "attack to the poor" rhetoric, have these people forgotten the increases to the minimum wage and tax free allowance and the massive decrease in unemployment already?

One of the main reasons we have poor people in this country, is that when in power labour tend to f**k up the economy.

It then takes 4 years to repair the damage. When Blair took over there was a booming economy that labour managed to destroy. Now with the economy starting to boom, people go on about attacks on the poor by the tories.

Is it that terrible creating jobs for them and excpecting them to work, much better to throw benefits at them? What a load of rubbish the left spouts.

Awaits aBuce from middle class lefties who have live in nice areas quoting data produced by other middle class lefties

[MooseBreath]

aBuce

[The Doctor]

One of the main reasons we have poor people in this country, is that when in power labour tend to f**k up the economy.

It then takes 4 years to repair the damage. When Blair took over there was a booming economy that labour managed to destroy. Now with the economy starting to boom, people go on about attacks on the poor by the tories.

Is it that terrible creating jobs for them and excpecting them to work, much better to throw benefits at them? What a load of rubbish the left spouts.

Awaits aBuce from middle class lefties who have live in nice areas quoting data produced by other middle class lefties

 

    - you realise the global financial crash wasn't labours fault right? Or that actually the biggest cause of a lack of regulation in the financial sector, so the effects of the crash would have been even worse under the tories, who were promising more deregulation in the previous elections?

[Webbo]

    - you realise the global financial crash wasn't labours fault right? Or that actually the biggest cause of a lack of regulation in the financial sector, so the effects of the crash would have been even worse under the tories, who were promising more deregulation in the previous elections?

So the global crash was nobody's fault but if the Tories had been in it would have been worse? That makes sense.

[Dr The Singh]

You're done with politics because I spoke to my local councillor in a newsagent?

Whose fault is that if you don't recognise your own councillor? Our one is quite well known, drink in the locals and always turns up to the community events, you won't find many people around here who don't know who is it, maybe it's different elsewhere. I also know what his political party is as they put that next to the name when you vote for them.

Given how caring and political you are Ken I'm suprised you don't make more time to contact your local MP or councillor, you would be surprised with how much interest they take. Of course it's much easier to sit on the sidelines having never tried shouting about how they don't really care about the opinion of "the average man on the street".

I bet you don't even bother to go out and vote.

Corbyn won't have any interest in that cause, not fashionable enough with the bourgeois bohemians in North London, they need to wrap themselves in Palestinian or Irish flags before they get shot to attract him.

I have decided to dedicate my life to put Corbynites in there place. I was in the pub last night, there was a Corbynites giving it the biggun, so I asked him the the question,....its fair to say, he walked away with his tail between his legs

[The Doctor]

So the global crash was nobody's fault but if the Tories had been in it would have been worse? That makes sense.

 

The global crash wasn't any one groups fault, it was a global effort, but the effects we would have felt would have been worse with more deregulation, so would have been worse if the tories had won in 2005. They wouldn't have caused it, just as labour didn't cause it, but it'd have been felt more readily under them and labour actually did quite well to minimise the damage over here.

[Claridge]

I have decided to dedicate my life to put Corbynites in there place. I was in the pub last night, there was a Corbynites giving it the biggun, so I asked him the the question,....its fair to say, he walked away with his tail between his legs

 

I have decided to dedicate my life to put Corbynites in there place. I was in the pub last night, there was a Corbynites giving it the biggun, so I asked him the the question,....its fair to say, he walked away with his tail between his legs

Thought you only found Corbynites in wine bars?

I have never actually met anyone who supports him

[Dr The Singh]

Thought you only found Corbynites in wine bars?

I have never actually met anyone who supports him

I seem to meet them foooking everywhere, mostly in the blue oyster bar

[Claridge]

    - you realise the global financial crash wasn't labours fault right? Or that actually the biggest cause of a lack of regulation in the financial sector, so the effects of the crash would have been even worse under the tories, who were promising more deregulation in the previous elections?

 

    - you realise the global financial crash wasn't labours fault right? Or that actually the biggest cause of a lack of regulation in the financial sector, so the effects of the crash would have been even worse under the tories, who were promising more deregulation in the previous elections?

 

You realise that labour blew billions on silly policies such as tax credits for almost everyone ,which turned into an administrative nightmare, paying people to go to college, selling off the gold etc...   :o  

I seem to meet them foooking everywhere, mostly in the blue oyster bar

Just dancing sir ,I presume

[SMX11]

The global crash wasn't any one groups fault, it was a global effort, but the effects we would have felt would have been worse with more deregulation, so would have been worse if the tories had won in 2005. They wouldn't have caused it, just as labour didn't cause it, but it'd have been felt more readily under them and labour actually did quite well to minimise the damage over here.

 

There was plenty of regulation, in fact you could argue that there was too much in most areas and hence creating those zombie banks that are 'too big to fail' and no smaller companies. The problem is fractional reserve banking which is where banks lend on money with nothing backing it, coupled with central bankers keeping interests rates low which created a credit bubble in real estate and other markets.

 

The problem I see is that it seems the central bankers and governments haven't learned anything since that crisis. We have locked ourselves into low interests rates and QE. Now that there are indications of a slow down (particularly in USA) it is increasing looking as if the central banks won't raise interest rates any time soon and I think they have missed the opportunity to do so. QE4 could be on the horizon which may cause serious damage to the strength of the dollar and wider consequences around the world. 

[Carl the Llama]

There's a great chart by the Guardian which tracks UK public debt by government.  I'm guessing the Tory sycophants on this page haven't seen it judging by the comments about Labour's disastrous financial policies.  Good for a chuckle though.

[Webbo]

The global crash wasn't any one groups fault, it was a global effort, but the effects we would have felt would have been worse with more deregulation, so would have been worse if the tories had won in 2005. They wouldn't have caused it, just as labour didn't cause it, but it'd have been felt more readily under them and labour actually did quite well to minimise the damage over here.

Labour claimed to Keynesian yet were increasing the deficit when they should have been running a surplus. They told us they had eradicated boom and bust but their overspending, pay for by borrowing, merely fueled the boom and created an even bigger bust (no tit jokes please).

 

Saying the Tories would have made it worse is idle speculation, saying Labour were in charge during the worse crash in 70 years is fact and there's no getting away from that. 

[Webbo]

There's a great chart by the Guardian which tracks UK public debt by government.  I'm guessing the Tory sycophants on this page haven't seen it judging by the comments about Labour's disastrous financial policies.  Good for a chuckle though.

Until you start running a surplus ,debt is bound to increase.

[Dr The Singh]

You realise that labour blew billions on silly policies such as tax credits for almost everyone ,which turned into an administrative nightmare, paying people to go to college, selling off the gold etc... :o

Just dancing sir ,I presume

Sucking each others cock in the toilets, mostly

[Guest]

I have decided to dedicate my life to put Corbynites in there place. I was in the pub last night, there was a Corbynites giving it the biggun, so I asked him the the question,....its fair to say, he walked away with his tail between his legs

 

Surely that's normal. Occasionally it may be between someone else's legs but not generally.