Quote:
Originally Posted by Sirius
What makes me laugh is that Ed Balls is having a go at the chancellor over this,.
He and his idiotic mates in Labour have no right lecturing anyone about the financial state of this country. Labour has a short memory and should read the history books about who put this country in the state in the first place.
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The banks, moody's, standard and Poor yes labour, conservative and coalition guilty of all sorts different failures. From bailing the banks out not letting them drown in the brown stuff they created.
Yes there is guilty things from the last government why they heck did they not throttle banks with regulation protect us.
De-regulating our banks been suicedal move.
Why was the money not used in infrastructure, R&D, boost manufacturing industries. Hell coalition and conservatives before equally guilty in allowing our money being put into projects which sap the country. Protected wages and stopped the leaching money to the tiny few. Not one government kept control standard living allowed housing market run out of control. With sense of hope market forces would kept it under control. We allowed infrastructure to be owned by foreign companies then can bleed us dry.
Too much money ended in causing false housing bubble, In the stock investment markets and hedge funds to buy out companies. All in own right bad but over last 30 years or so combined made things Very very Toxic to UKPLC health. Our housing bubble is one of most toxic things which only time hit us hard.
Not one group to blame they ALL ARE.
We reaping of years of terrible leadership we still got idiots who not doing things right.
incidently look at these deficiet figures. Deficiet doubled from 2008 ring bell what happened. Those toxic sub prime markets blew up came to roost. Like said labour not soul ones to be blamed everyone off them are. Rating agents have to be investigated what role they played in it.
Laughable news moody downgraded standard and poor. So we got war between themselves.
http://www.guardian.co.uk/news/datab...zoomed-picture