Captain... Posted 10 February 2012 Posted 10 February 2012 The minutes of that committee are always published on a certain day of the month. It was just coincidence. Fair enough, but it is a typical politician's trick to bury bad news.
CupidStunt Posted 10 February 2012 Posted 10 February 2012 Can you 2 keyboard warriors find a chat room together and cyber, this is getting boring. ok captain
Daggers Posted 11 February 2012 Posted 11 February 2012 Can you 2 keyboard warriors find a chat room together and cyber, this is getting boring. If you don't want to read it then there is always the ignore function.
CupidStunt Posted 12 February 2012 Posted 12 February 2012 If you don't want to read it then there is always the ignore function.
l444ry Posted 12 February 2012 Posted 12 February 2012 I feel I understand the financial process a lot clearer now. All you need to know is that it's the last act of a desperate government. Haha. Otherwise known as Osborne's and the Tory clowns Plan B!!
Webbo Posted 12 February 2012 Posted 12 February 2012 All you need to know is that it's the last act of a desperate government. Haha. Otherwise known as Osborne's and the Tory clowns Plan B!! So was QE wrong when Labour did it or is it right now the coalition are doing it?
Captain... Posted 12 February 2012 Posted 12 February 2012 So was QE wrong when Labour did it or is it right now the coalition are doing it? Quantitative easing is generally always a bad idea, you can see by the effect it has on the market, it is supposed to be a temporsry hit while stimulating growth by freeing up money in the system, where the government/BofE are making the mistake is by using the money to buy bonds off the financial institutions to give them more money to loan out to other corporations, thereby not actually reaching the common man. The simplistic way of looking at QE is that in a closed economy there is £100 of which you have £1 you have 1% share of the money, you increase the money in the market all of sudden you have less money in real terms. the other problem at the moment is there is no control over where this money will be going to, you could loan it to a British company who use the money to finance a deal with a foreign company the money then leaves our economy and helps to prop up another country. The benefits will not then be seen for a few years. I am probably not the only one that laughed when the Irish government tried to tackle their economic problems by giving free guiness and cheese to every resident, but at least that was an attempt at supporting the bottom level of the economy.
Webbo Posted 12 February 2012 Posted 12 February 2012 Quantitative easing is generally always a bad idea, you can see by the effect it has on the market, it is supposed to be a temporsry hit while stimulating growth by freeing up money in the system, where the government/BofE are making the mistake is by using the money to buy bonds off the financial institutions to give them more money to loan out to other corporations, thereby not actually reaching the common man. The simplistic way of looking at QE is that in a closed economy there is £100 of which you have £1 you have 1% share of the money, you increase the money in the market all of sudden you have less money in real terms. the other problem at the moment is there is no control over where this money will be going to, you could loan it to a British company who use the money to finance a deal with a foreign company the money then leaves our economy and helps to prop up another country. The benefits will not then be seen for a few years. I am probably not the only one that laughed when the Irish government tried to tackle their economic problems by giving free guiness and cheese to every resident, but at least that was an attempt at supporting the bottom level of the economy. I know what QE is, I was trying to see how you can make a political point when both sides did the same.
Captain... Posted 12 February 2012 Posted 12 February 2012 I know what QE is, I was trying to see how you can make a political point when both sides did the same. Well you can't which is probably why there has been little opposition/criticism of the latest round of quantative easing. I guess the point L4rry was making was that Osbourne is a massive hypocrit, and in his own words is the act of a desperate government. Also there are more than 2 sides to politics, so you are allowed to criticise both Labour and the Tories whilst still holding valid political views.
Daggers Posted 12 February 2012 Posted 12 February 2012 I know what QE is, I was trying to see how you can make a political point when both sides did the same. Osborne was told that his austerity package would do nothing but harm, as the identical measures adopts by Thatcher did - but carried on regardless. He was told that laying of public sector employees would not be balanced out by private sector job creation and that QE was needed. He refuted all of that. Lo and behold he managed to make a bad economy even worse and has finally started to adopt the measures which would have limited the contraction. The man is a moron of the first order.
Zingari Posted 12 February 2012 Posted 12 February 2012 so is this QE 2 ? i thought it was a ship edit; do people still believe that the blokes we see on the telly actually run the country's finances ?
Webbo Posted 12 February 2012 Posted 12 February 2012 Osborne was told that his austerity package would do nothing but harm, as the identical measures adopts by Thatcher did - but carried on regardless. He was told that laying of public sector employees would not be balanced out by private sector job creation and that QE was needed. He refuted all of that. Lo and behold he managed to make a bad economy even worse and has finally started to adopt the measures which would have limited the contraction. The man is a moron of the first order. Nobody ever claimed that austerity would be a bowl of cherries but what was the alternative, we could be like most of the rest of Europe and see our credit rating fall, the rate of interest at which we borrow rise meaning we would have borrow even more money just to spend the same amount. It's a bit rich Labour complaining about enforced austerity when they were the ones who spunked all the money up the wall in the first place.
AoWW Posted 12 February 2012 Posted 12 February 2012 Nobody ever claimed that austerity would be a bowl of cherries but what was the alternative, we could be like most of the rest of Europe and see our credit rating fall, the rate of interest at which we borrow rise meaning we would have borrow even more money just to spend the same amount. It's a bit rich Labour complaining about enforced austerity when they were the ones who spunked all the money up the wall in the first place. You've just reminded me how much I like cherries. Hideously expensive at this time of year, though. Now you've given me a cherry craving, Webbo... it's all your fault.
Webbo Posted 12 February 2012 Posted 12 February 2012 We've got our own cherry tree. Not that there are any on the tree this time of year.
Zingari Posted 12 February 2012 Posted 12 February 2012 i've picked a few young maiden's cherries in my time in my dreams
FoxyPV Posted 13 February 2012 Posted 13 February 2012 Nobody ever claimed that austerity would be a bowl of cherries but what was the alternative, we could be like most of the rest of Europe and see our credit rating fall, the rate of interest at which we borrow rise meaning we would have borrow even more money just to spend the same amount. It's a bit rich Labour complaining about enforced austerity when they were the ones who spunked all the money up the wall in the first place. The speed and severity of the cuts could have been spread out a bit more.
Daggers Posted 14 February 2012 Posted 14 February 2012 Nobody ever claimed that austerity would be a bowl of cherries but what was the alternative, we could be like most of the rest of Europe and see our credit rating fall, the rate of interest at which we borrow rise meaning we would have borrow even more money just to spend the same amount. It's a bit rich Labour complaining about enforced austerity when they were the ones who spunked all the money up the wall in the first place. Why do you always assume that if someone is against something a member of your chosen party is doing then they must be Labour? My point is not if it was needed but how it was implemented, against all coherent advice he chose to replicate the mistakes of the previous Tory administration and has reaped the exact same results. It's moronic.
Webbo Posted 14 February 2012 Posted 14 February 2012 Why do you always assume that if someone is against something a member of your chosen party is doing then they must be Labour? My point is not if it was needed but how it was implemented, against all coherent advice he chose to replicate the mistakes of the previous Tory administration and has reaped the exact same results. It's moronic. Just because somebody disagrees doesn't necessarily make them more or less coherent. And I don't recall any previous Tory administration implementing QE.
Daggers Posted 15 February 2012 Posted 15 February 2012 Just because somebody disagrees doesn't necessarily make them more or less coherent. Was this the point? No. And I don't recall any previous Tory administration implementing QE. I'm not aware this one has either although I do know The Bank of England has implemented such a policy.
Saxondale Posted 15 February 2012 Posted 15 February 2012 I'm not aware this one has either although I do know The Bank of England has implemented such a policy. This. QE is solely a prerogative of the Bank of England, not the Goverment, isn't it?
Webbo Posted 15 February 2012 Posted 15 February 2012 Was this the point? No. I'm not aware this one has either although I do know The Bank of England has implemented such a policy. Sorry I don't get your point.
Daggers Posted 15 February 2012 Posted 15 February 2012 Sorry I don't get your point. Born Blue seemed to.
Rincewind Posted 15 February 2012 Posted 15 February 2012 http://www.citizenseye.org/2012/02/15/tax-credit-bombshell-3000-couples-in-leicester-could-lose-4000-a-year/
Webbo Posted 15 February 2012 Posted 15 February 2012 Born Blue seemed to. So are you blaming the govt or the BoE?
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