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[Osem]

In stark contrast to his former boss...

Ed Balls is to take up a new job in the US, as a Harvard University academic researching financial stability.

The former shadow chancellor, who was the highest profile Labour MP to lose their seat in the general election, has been made senior fellow at the university in Cambridge, Massachusetts.

Balls, who is the husband of Labour leadership candidate Yvette Cooper, will be expected to be on campus for at least three to four weeks each term over the course of his year-long unpaid appointment

http://www.theguardian.com/politics/...mic-researcher

Financial stability?

[Ignitionnet]

Oh look it's another Osem post slagging off Labour. This is both new and exciting.

Did someone from Labour touch you inappropriately as a child or something? Talk about a vendetta.

[TheDaddy]

Originally Posted by Ignitionnet

Oh look it's another Osem post slagging off Labour. This is both new and exciting.

Did someone from Labour touch you inappropriately as a child or something? Talk about a vendetta.

Given the allegations about lord janner that's not implausible sadly.

[ianch99]

Originally Posted by Ignitionnet

Oh look it's another Osem post slagging off Labour. This is both new and exciting.

Did someone from Labour touch you inappropriately as a child or something? Talk about a vendetta.

plus a wierd new signature asking people to vote in the Labour leadership election

[denphone]

He has seen the light.

[Osem]

Hope he's all packed and ready to go.

[Stuart]

Originally Posted by Osem

In stark contrast to his former boss...



http://www.theguardian.com/politics/...mic-researcher

Financial stability?

In fairness, while I agree that Labour was mostly responsible for the current financial problems, Ed Balls was not in power at the time. He was not even in the cabinet until 2007, when he joined as Secretary of State for Children, Schools and Families. He was a minister in the Treasury from 2006-2007, but I see no evidence he actually made policy decisions.

Gordon Brown was in power.

That's not to say the Tories are blameless. They aren't. During the GB years, they seemed to provide a very ineffective opposition, and during the coalition years, I think they took basically the right track to sort the problem (cutting back expenditure) but have stuck to it far to rigidly when they should have been using some of the money to stimulate the economy and thus pay back debt using increased income (through taxes).

[Osem]

http://www.newstatesman.com/politics...ing-politician

During his decade as Gordon Brown’s closest economic adviser, he was regarded in Whitehall as among the most powerful éminences grises in British political history. It was Balls who first advocated Bank of England independence in a 1992 Fabian Society pamphlet, Balls who devised the fiscal rules that established New Labour’s reputation for “prudence” and Balls who drew up the five tests for euro membership in the back of a New York taxi with Brown in 1997.

“Deputy chancellor” was his unofficial title during this period. But in conversations I have had with colleagues past and present, Balls more often emerges as “the real chancellor” (a sobriquet also applied to George Osborne’s chief adviser, Rupert Harrison). Jonathan Powell, Tony Blair’s former chief of staff, has written of how Blair believed that it was Balls, “rather than Gordon”, who was “running” the Treasury. As a non-economist – Brown’s degree, like Osborne’s, was in history – the then chancellor is said by MPs to have been “dependent” on Balls’s expertise. The former Labour cabinet minister Peter Hain told me, “[Balls] is by miles the best economist in parliament: technically, theoretically and in policy terms. Nobody can touch him.”

I think he was far more closely involved in what was going on at no 11 but the irony remains and I wish him well in obtaining a permanent position as far away from here as possible...

[MetaWraith]

When was it we are due to establish a Mars colony? Surely they will need somebody among the colonists to make sure they stay on a firm and prudent financial footing.

Will that be far enough away?

[Ignitionnet]

Balls did a post-grad specialising in economics at Harvard. It's hardly surprising that he's going back there.

I look forward, in the name of balance, to seeing what the threads in this forum run like should the current Chancellor continue on his course to inflate a private credit bubble which pops with all policy tools to absorb the shock having been largely used up and most cash generating assets that could be sold having been sold.

To be honest, actually, there are a whole bunch of parallels between the course this government seems set on and the one the last one did, except we won't end up with the schools and hospitals to show for it, just the bubble, burst, and hideous deficits from the tax base being so brittle and shallow.

[Osem]

Originally Posted by MetaWraith

When was it we are due to establish a Mars colony? Surely they will need somebody among the colonists to make sure they stay on a firm and prudent financial footing.

Will that be far enough away?

No. I think there'd still be a severe risk of inter-planetary financial contagion if he had anything to do with the Martian economy.

[Ramrod]

Originally Posted by Ignitionnet

Oh look it's another Osem post slagging off Labour. This is both new and exciting.

Did someone from Labour touch you inappropriately as a child or something? Talk about a vendetta.

It's probably 'cos labour are deeply, deeply rubbish when it comes to financial stability and prudence and Osem wants everyone to know that. Seems fair enough to me

[Osem]

Originally Posted by Ramrod

It's probably 'cos labour are deeply, deeply rubbish when it comes to financial stability and prudence and Osem wants everyone to know that. Seems fair enough to me

Yes it's really not that difficult to understand is it, well not for most normal people anyway...

[denphone]

For those with a extreme short term memory the Conservatives had their problems in the past from what l rightly remember with the economy and are storing problems up in the future with the chancellors ongoing policies which appear based on winning the next election rather then delivering what is best for this country.

https://en.wikipedia.org/wiki/Black_Wednesday

[Osem]

Originally Posted by denphone

For those with a extreme short term memory the Conservatives had their problems in the past from what l rightly remember with the economy and are storing problems up in the future with the chancellors ongoing policies which appear based on winning the next election rather then delivering what is best for this country.

https://en.wikipedia.org/wiki/Black_Wednesday

Feel free to start a thread on it. I'm sure it'll be very popular.

When people start voting en masse for more taxation, cuts etc., chancellors might stop lying about their future plans for such things.