Quote:
Originally Posted by Chris
Bye bye. Feel free to come and rejoin the discussion when you've grasped the difference between "the economy is shrinking" and "the economy isn't growing as fast as we thought".
Perhaps you should see a neurologist.
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Another brilliant, detailed right wing analysis I see.
I'm really struggling with this budget and the Tories / liars approach to things.
As someone who is trying to get a small business off the ground, the budget benefits me, and as Cameroon keeps saying I, as an entrepreneur, will be the one to get us out of this mess (who'd have thought a CF Mod would have been a solution to this countries problems eh? )
I don't agree with turning everything over to the private sector like the Tories are doing and I don't agree with the neo-liberal agenda of liberalising everything in sight whilst reducing the role of the state (I've seen what the World Bank has done to developing countries under this pretence and it ain't pretty I can tell you). Liberalism requires that there should be a tradition of charity and that it is not the states job to redistribute wealth, however from where I stand, people (especially rich ones) are no longer interested in anyone but themselves and so to an extent the state must be there to help moves this wealth to people in real need.
Its all just one big fat mess. One week the financial institutions say spend, the next week they say cut. No one really knows for sure what would have worked or what will work, the only thing that we can do is wait and see. Osborne's budget is supposedly pro-growth and so if next year unemployment falls as he predicts, and growth does occur then coughkudoscough
Labour did spend too much. Keynes stated that economies work in cycles, ie boom and bust; during times of boom you're supposed to save, so that when the inevitable bust comes, you use those savings to spend your way out of the recession more quickly. However, this time we didn't save and so we'd have to borrow to spend out way out, which would increase the deficit. I'm not placing all the blame on labour as that would be simplistic. For me it also comes out of culture of greed that has hit the west, especially in the city of london...which for me the Tories plan to do absoutely naff all about.