Brown on the ropes?

[etccarmageddon]

Actually I DO blame him for his part in the making of the global crisis AND the making of our recession.

Had our banks and building societies been better regulated in respect to being not allowed to borrow such a massive percentage of their mortgage funding from the money markets then northern rock, bradford and bingley, RBS, HBOS etc wouldn't have ended up insolvent.

It is G. Brown who was in charge when the banks especially HBOS and Northern Rock were falling over themselves to lend as much dosh as possible - not from their depositors but money they were borrowing on the money markets - a major gamble which didn't pay off.

On top of that G.Brown borrowed loads of cash himself in order to spend spend spend while building up a national debt which now leaves us with no backup, no reserves. And the not so clever man is now saying it is correct to borrow in order to stimulate the economy in this exceptional situation. Wrong - it is correct to prepared for a downturn - but as he'd abolished boom and bust there would never be a downturn. It would never rain and we'd have summer 12 months of the year.

If the banks weren't in this stupid situation of not having a proper level of deposits to meet their needs then we'd not be in anything like the kind of recession. in fact we'd probably not even have a recession.

AND if people had been properly encouraged to save instead of creating a consumer economy we'd also be in a much better position.

[pedantic]

Originally Posted by etccarmageddon

<snip>

What's your opinion on id cards? For or against it? After all, if you expect the government to baby sit everyone concerning their finances, surely you won't mind them babysitting us regarding id cards. I must have missed the news that said Gordon Brown held a 12 gauge to peoples' heads, and said "you will borrow huge sums of money, whether you like it or not".

I see the point your making pedantic but the fact is this goverment is responsible for a lot of the trouble that is happening in the UK now and the rest that is going to hit us as time goes on. I will answer your id card question directly i was all for id cards until this government again failed and showed it is incapable of securely holding personal data and until that situation is both resolved and seen to be resolved with no further data losses then i will continue not to support them.

As for nannying the people thats all this government has done with it's attitude of ban and the impact they have had on the people of the UK so why not do it in relation to finance as well. Fact is the current situation says a lot about gordon brown and none of it is good despite how he and his party might be trying to spin it.

According to gordon boom and bust was gone never again would we have to worry because he had taken care of that. Now at the very least it shows a complete naiveity to make such a statement and at worst you do have to wonder how he could make such a stupid and ridiculous statement. But is gordon taking any responsibility no no no it's nothing to do with boom and bust this is new and now gordon is the man to steer us through these tough times yeah right and bruce esmay was the right person to make speed decisions on the titantic.

[etccarmageddon]

Originally Posted by pedantic

What's your opinion on id cards? For or against it? After all, if you expect the government to baby sit everyone concerning their finances, surely you won't mind them babysitting us regarding id cards. I must have missed the news that said Gordon Brown held a 12 gauge to peoples' heads, and said "you will borrow huge sums of money, whether you like it or not".

they have discouraged saving by taxing the interest. they could have reduced the savings tax and/or increased the ISA allowances. ID cards is a waste of money.

[ntluser]

We can blame the government for this farce because it is they who make the laws as to what must be regulated. In many cases they create & appoint the regulatory bodies.Unfortunately, whenever things go wrong, they repeat the "lessons will be learned" mantra only to prove by the next disaster that they plainly haven't been.

This financial crisis was totally avoidable. We should have realised this with a government that wants to appear in control when in reality they are not.

Most of the time they are working to repair damage that they themselves have created,the abolition of the 10p rate & subsequent refund to taxpayers being an example. Millions of pounds have been wasted at a time when we can least afford it. Boom & bust hasn't returned, it never left as it is New Labour policy.

As for ID cards, they are a joke given all the private personal information lost into the public domain by government departments, noticeably the MOD which has lost 100's of laptops containing data.

As the chief architect of government policy Gordon Brown must accept the blame both as PM and as former Chancellor Of The Exchequer.

Brown is not on the ropes, he is on his way through them as the next election will no doubt demonstrate.

[Chrysalis]

Originally Posted by Osem

Brown's well and truly backtracking now:

http://news.bbc.co.uk/1/hi/uk_politics/7728900.stm

Having put taxes up to record levels and got himself into a real mess by taking away the 10p band, he now reckons what's really needed is tax cuts.

Of course it's all down to combatting the recession which he had nothing at all to do with and nothing whatsoever to do with trying to salvage his job.

More cynical populist U turns to follow methinks.

Mr Brown said: "We need to have the interest rate cuts accompanied by another stimulus. This is a big opportunity. I believe we will make progress."

So when an idea doesnt work thats the new way of hiding it simply suggesting it needs to be accompanied by something else.

---------- Post added at 12:40 ---------- Previous post was at 12:38 ----------

Originally Posted by Damien

Come on, Just because the BBC have not run continued stories about how Labour are sorely responsible for the entire world wide credit crunch does not mean they are biased.

The thing is that it is not 'beyond debate' that they are responsible for the mess we are in and just because some sections of the media do not agree with your assessment is not evidence of bias on their part, only on your part.

There are enough media sources around that agree with your views so go to them if you simply wish the media to agree with you.

The bbc are pro government bias something that some of us will argue for all time. The BBC have an official policy of been biased in the peoples interest, this is what I got told when I complained about some BBC stories that werent based on facts. Quite who decides whats in the public interest I dont know.

[Osem]

The knives are out..

[EBD3000]

Anybody who is serious about being the future leader of the Labour party is going to wait until after the next general election. After they have lost the election they'll sack Brown and the next leader will be able to claim they are leading the party out of the ashes.

Doesnt help us now.

This plan banks on the Tories winning the election with Dave at the helm.

BTW I see Gordon Brown as a person who could get himself into trouble in an empty room.

I think labour have fallen too far now for anyone to want the job they will be happy to leave this to GB now and let him take the complete blame. I can easily see more knives in the back between now and then though and for the first time in a long time i think there is every chance we will have the tories in power with the lib dems as the main opposition.

[Down the Pub]

Originally Posted by RizzyKing

I can easily see more knives in the back between now and then

knives, forks. spoons and any other kitchen utensil that may cause harm

[Sirius]

Originally Posted by Down the Pub

knives, forks. spoons and any other kitchen utensil that may cause harm

Yep keep him in charge of Labour for as long as possible. It will make any other party look so much better at the next election.

[Osem]

Originally Posted by Down the Pub

knives, forks. spoons and any other kitchen utensil that may cause harm

Are the rats going to desert Brown's Titanic?

http://news.bbc.co.uk/1/hi/uk_politics/8030285.stm

[Uncle Peter]

Originally Posted by Osem

Are the rats going to desert Brown's Titanic?

http://news.bbc.co.uk/1/hi/uk_politics/8030285.stm

Hmmm do rats usually have two homes? In comparison with us mere mortals I assume that different standards of conduct should apply to rats.

[monkey2468]

Originally Posted by uncle peter

hmmm do rats usually have two homes? In comparison with us mere mortals i assume that different standards of conduct should apply to rats.

lol :d

[Osem]

Originally Posted by Uncle Peter

Hmmm do rats usually have two homes? In comparison with us mere mortals I assume that different standards of conduct should apply to rats.

Ah but you see these are New Labour rats - they're different - for them all things are possible. They purport to empathise with and speak for the majority and despise the rich/privileged few, when in fact many of them behave like the greediest of fat cats and would just love to join their ranks.

It's even alleged that, despite regularly banging on about the country's lack of homes, some New Labour rats not only have more than one home, they claim expenses for homes they don't appear to live in.... Can't be true can it?.....