Ultimate slam on UK Prime Minister.

[frogstamper]

On that we agree Rizzy, in all those years of growth you'd have thought he would have kept something back in retrospect that was plainly irresponsible.
But like many people when the good times are rolling your not giving tomorrow a lot of thought, add to that London being the financial center it is in a recession money tends to go back to the investors home country leaving the city in a very precarious situation.
Also as a side note the fact that GB was putting large amounts into the NHS and education certainly mollified a lot of people, myself included after experiencing the NHS in the 80s.

[ginge51]

Brown does not give a poop, he will be dead by the time every1 is still paying for his crazy spending sprees.
All politicians minus the odd 1 are all numpty's the lot of them.
The economic crisis is by no means over yet people, just wait till the dollar collapses....
That certainly will not be a fun time.

[Stuart]

Originally Posted by frogstamper

I grant you Rizzy he did inherit a good economy, but to infer he somehow blundered through ten years as chancellor and fluked the best period of growth we have ever had is disingenuous to say the least.

Not disingenuous at all.. The fact is that our previous boom was funded by debt. Both public and private debt. And, yes, I do count mortgages as debt.

The current recession was caused (originally) by people defaulting on Mortgages. Mortgages given by banks for stupid amounts (I know people who have mortgages for up to 6 times their annual salary and have no real hope of ever paying it back) and with minimal checking. Banks did this because a) it was profitable at the time and b) they were allowed to. Who allowed them? Amongst other people, Gordon Brown (who was Chancellor of the Exchequor at the time and would have been able to stop them).

In the meantime, this was causing house prices to go up and forcing people to get ever higher mortgages to buy these houses. Who did nothing to stop this? Yep, Gordon Brown. He did nothing because it makes the economy appear healthy. Wether it is or not is another matter enitrely, and apparently almost entirely irrelevant to the government as long as they look good come election time.

The amount of money being lent meant that banks often don't have enough capital to lend money. If our economy were not so heavily reliant on debt, then it would have weathered the current recession a lot better than it is.

As for the idea of printing more money and buying your way out of the problem, well, that's worked wonderfully for Zimbabwe, hasn't it?

GB may not be directly responsible for our current situation. But he *is* responsible for laying the groundwork for it, and has singularly failed to tackle it.

[Womble]

Found an interesting artical on Mr Browns spending etc

Next year, according to credible forecasts published by the CBI, it will be about 12 per cent. Others have suggested that it might be as much as 15per cent, more than double the figure reached in 1976.

Prime Minister, James Callaghan, (who was a former tax inspector), told the Labour Party Conference: “We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists and, in so far as it ever did exist,

http://www.timesonline.co.uk/tol/com...cle5811186.ece

[Womble]

And another thing to thank Mr Brown and this corrupt Labour gov for

Food prices rose by 1.7 per cent during February, taking the annual increase to 11.5 per cent. Vegetables were the biggest culprits, rising in price by nearly 19 per cent over the year, while the cost of meat rose by more than 15 per cent. The price of coffee and tea increased by more than 10 per cent.

Its the 70's all over again!!!! Damn the Labour party!!

http://business.timesonline.co.uk/to...cle5971301.ece

[Ignitionnet]

Still nothing to speak of from the BBC on this... I remember when the BBC could actually be relied on for news and weren't in the government's pocket though this government changed that.

Prices of food are not related to the government but to increased oil prices and bad harvests reducing supply and increasing cost of transport.

[Ramrod]

Originally Posted by Sirius

The term is " Dead Government Walking" with a soon to be ousted Prime Minister at the front of the procession

Labour's finished: mission complete, Agent Harman

How does one explain the monument to absurdity that is Harriet Harman? For those who enjoy conspiracy theories, try this: she is a plant inside the Left-wing establishment, put there by far-thinking Conservative controllers in the Ted Heath years.

Her mission: to spend a lifetime infiltrating Labour's upper echelons, creeping and crawling her way to positions of great power, with the aim of destroying from within the credibility of Keir Hardie's creation. On current form, she is doing a first-class job.

You rarely see anything bad said about this government on the bbc anymore it's one of the reasons why i no longer support it as an organisation. As for harriet horrid i think she is just completely incompetent and delusional nothing sinister about her you'd have more luck training a hamster to be a secret agent then her.