Brown on the ropes?

Exactly and that is going to get worse also why i think gordon wants us all concentrating on the financial side as a lot of other very bads news is getting buried by it at the minute. Really am sick and tired of the smoke and mirrors game we are always playing with this government.

Sounds like it's just another "Problem, reaction, solution." for the New World Order.

Originally Posted by RizzyKing

No he is not the only one to blame but he is the only to blame for the impact this is yet to have on the british public. His lack of forward planning is going to seriously come back and bite us sorry people but if you think this is as bad as it is going to get your in for a shock. I really am at a loss to explain how suddenly he is the knight in shining armour for doing what labour have always done in a crisis ie throw money at it. That isn't planning for a labour politician it is instinctural.

But this is a approach which is both (appearing) to be working and was taken up but a lot of other governments. It's also not necessary a complete waste, a lot of money did not need to be paid as the confidence and shares in the banks increased and if/when the banks recover then the government can sell their shares and maybe make a profit.

Come on people am i the only one feeling a little queasy at how much gordon seems to be revelling in all this at the minute and before we hail him can we actually see if this works not just in the short term but as always with gordon and his great ideas in the long term as well. Arn't people fickle one minute he is the villain now all of a sudden he is a hero and while not single handedly responsible for this blaming the banks totally is not fair either or don't we have regulators in this country that should have sorted this out before it got to this stage.

I don't why the government is necessary to blame for not imposing tighter regulation. The whole ethos since the Thatcher government seemed to have been that free markets work and should be left to their own devices, any problems would be dealt with by the market correcting itself. Turns out it didn't happen. However, I am not sure any government would have imposed tighter regulation and a lot of other countries did not. Would imposing tighter regulation not put our banks at a disadvantage against others?

Not that the government is completely innocent, but I don't think they should take the bulk of the blame by any means. I also think they deserve credit for what appears to have been great leadership in trying to solve the crisis. Brown has looked like a leader for the first time in over a year. Maybe since he got the job. His plan is the one America copied after their ideas didn't work, and Europe followed after they were stumbling for a plan.

If no one has a clue everyone will follow the person that seems too doesn't mean it's good just means everyone else was out of ideas. Everything gordon brown has done will have to paid for at a later date and i worry this is yet another one of those whose true cost won't be seen till long after he has gone.

[Osem]

Just been listening to Harman during PMQ's. She exemplifies what I hate most about these people - their refusal to accept responsibility for their many mistakes and their shameless readiness to take the credit when the problems they either created or allowed to happen finally get sorted (well hopefully anyway). The fact that taxpayers will be paying heavily for their ineptitiude for decades isn't something they want to dwell on of course..

When it comes to fuel prices Brown is again trying to gain popularity by asking the supermarkets to lower their prices. All very well but it's what he takes in tax which is the biggest component of what we pay at the pump and he's shown little interest in reducing that since 1997.

Originally Posted by RizzyKing

If no one has a clue everyone will follow the person that seems too doesn't mean it's good just means everyone else was out of ideas. Everything gordon brown has done will have to paid for at a later date and i worry this is yet another one of those whose true cost won't be seen till long after he has gone.

The fact the markets record their highest gains the day after was a sign it was a good move isn't it? They have done ok the last 3 days and it seems to have stabilised the markets?

Originally Posted by Damien

The fact the markets record their highest gains the day after was a sign it was a good move isn't it? They have done ok the last 3 days and it seems to have stabilised the markets?

Market moves can be prompted by a lot of things and are seldom easy to explain. It would be very simplistic to credit a sudden upturn to anything G. Brown has done. Doubtless it had an effect, but then you also have to factor in all sorts of other things, such as the cold, hard realisation that undervaluing companies is as unsustainable in the long term as is overvaluing them. When the share price of a company dents its market capitalisation so hard that the company is manifestly undervalued, people will start to buy those shares again.

[slowcoach]

Everyone watching saw that the Tory Party had no answer to the problem, this will hurt them in elections for years to come.
Go Gordon, ride the bear.

Originally Posted by slowcoach

Everyone watching saw that the Tory Party had no answer to the problem, this will hurt them in elections for years to come.
Go Gordon, ride the bear.

Hallucinogenic drugs are bad for you, you know.

[Osem]

Originally Posted by Chris

Hallucinogenic drugs are bad for you, you know.

Originally Posted by Damien

The fact the markets record their highest gains the day after was a sign it was a good move isn't it? They have done ok the last 3 days and it seems to have stabilised the markets?

Originally Posted by Chris

Market moves can be prompted by a lot of things and are seldom easy to explain. It would be very simplistic to credit a sudden upturn to anything G. Brown has done. Doubtless it had an effect, but then you also have to factor in all sorts of other things, such as the cold, hard realisation that undervaluing companies is as unsustainable in the long term as is overvaluing them. When the share price of a company dents its market capitalisation so hard that the company is manifestly undervalued, people will start to buy those shares again.

Further to my earlier comments, here's the current FTSE market data:

3962.75 -116.84 -2.86%

Yep, I'd say El Gordo really put a stop to that global economic gloom.

Not.

[Osem]

Agree - there's far more to this than just the banking crisis. The Nikkei fell 11.4% last night!

Originally Posted by Chris

Further to my earlier comments, here's the current FTSE market data:

3962.75 -116.84 -2.86%

Yep, I'd say El Gordo really put a stop to that global economic gloom.

Not.

Yup, I'm an idiot.

Teach me to open my mouth too early

[Osem]

lol - I have a feeling we'll all be 'proved' right and wrong more than a few times over coming weeks..... FTSE's been up and down like a yoyo today - currently (14.00) down 33 having dropped 200 first thing.

Whatever else happens though, Hague was quite right yesterday when he called Brown's claim to have ended the cycle of boom and bust "one of the most irresponsible claims ever made by a British prime minister".

If the tories have an answer or a policy towards whats going on then if i was them i would keep quiet as well or announce it and watch as gordon takes it rewords it a little and then announces it as a labour initiative. Tories can't win if they stay quiet they are accused of having no policies and if they do announce them they get poached by labour a purposeful position i think labour has created. Gordon brown may be the answer to something but this isn't it and by the time we find what he is an answer for i doubt we will care anymore.