PricedOutNative Posted February 21, 2012 Share Posted February 21, 2012 He was commenting on Greece; in Summary: The EU has managed to kick the can down the road a little further but the can is not going as far as it used to. Aiming for 120% Dept to GDP by 2020 with massive cuts to government spending is no incentive for the Greek people; they need to see light at the end of the tunnel. He really poured cold water on the whole deal, to a greater extent then any other main stream commentators recently.. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 21, 2012 Share Posted February 21, 2012 He was commenting on Greece; in Summary: The EU has managed to kick the can down the road a little further but the can is not going as far as it used to. Aiming for 120% Dept to GDP by 2020 with massive cuts to government spending is no incentive for the Greek people; they need to see light at the end of the tunnel. He really poured cold water on the whole deal, to a greater extent then any other main stream commentators recently.. they are assuming growth too. IIRC, didnt the greek economy shrink 6% or 7% last year? did their debt shrink 6 or 7% last year? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted February 21, 2012 Share Posted February 21, 2012 He was commenting on Greece; in Summary: The EU has managed to kick the can down the road a little further but the can is not going as far as it used to. Aiming for 120% Dept to GDP by 2020 with massive cuts to government spending is no incentive for the Greek people; they need to see light at the end of the tunnel. He really poured cold water on the whole deal, to a greater extent then any other main stream commentators recently.. Well...he did say US was taking right action on growth as is proved by econ stats. NOTHING could be further from the truth. Er... Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted February 21, 2012 Share Posted February 21, 2012 Whilst he "appears " a reasonable Joe, he was in charge in driving the UK economy into the buffers, I would much rather listen to the ramblings of a tramp, rather than this slimey piece of ............... the attack dogs of number 10 should of have a good chew first. Quote Link to comment Share on other sites More sharing options...
57percent Posted February 21, 2012 Share Posted February 21, 2012 Well...he did say US was taking right action on growth as is proved by econ stats. NOTHING could be further from the truth. Er... I heard him on Radio 5 and he's was talking utter cr*p. US are right as they now have growth. All austerity (read: living anywhere close to your means) is wrong. The chase to increase growth is all that matters regardless of where you're starting from (at the end of a debt filled boom) or how you achieve it (keep borrowing from the future and waste it on stuff no-one would consume otherwise). He's an idiot! Quote Link to comment Share on other sites More sharing options...
Goat Posted February 21, 2012 Share Posted February 21, 2012 Whilst he "appears " a reasonable Joe, he was in charge in driving the UK economy into the buffers, I would much rather listen to the ramblings of a tramp, rather than this slimey piece of ............... the attack dogs of number 10 should of have a good chew first. To be fair to him I'd say that Gormless Brown was responsible for the train crash; Darling may have been Chancellor when the crash happened but Brown had been in charge for the previous 10 years (and was still driving from the back seat). It's a bit like being handed the controls just as the train goes through the final red light at 100 MPH. Also Broon wanted to sack him and appoint Ed Bo11ocks as Chancellor but couldn't; for that alone we should be grateful. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 21, 2012 Share Posted February 21, 2012 Debt of 120.5% of GDP in 2020 Planning to be bust. You have to love how they say something like "can the Greek people take 8 years of it?" what about the 120.5%? Are they going to do interest only sovereign debt or will fairies pay it off in the night? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 21, 2012 Share Posted February 21, 2012 They need Ocean Finance. (They might even treat themselves to a ride on mower while they are at it.) Debt consolidation? All the PIIGS debt in one big 100 year bond? Quote Link to comment Share on other sites More sharing options...
geezer466 Posted February 21, 2012 Share Posted February 21, 2012 Whilst he "appears " a reasonable Joe, he was in charge in driving the UK economy into the buffers, I would much rather listen to the ramblings of a tramp, rather than this slimey piece of ............... the attack dogs of number 10 should of have a good chew first. Darling tempered some of the one eyed ones more 'questionable' decisions. Without him at no 11 during the descent into anarchy in 08 it could have been so much worse. He does talk some sense and would make a credible leader of the Labour party, certainly much better than one of the two Ed's. Jokes them two. Quote Link to comment Share on other sites More sharing options...
JustYield Posted February 21, 2012 Share Posted February 21, 2012 exactly,didnt speak sense when in office.all he did was run tio whims and fancies of that one eyed scottish c*** as he ran the good ship Brittania onto the rocks. I have a high regard for Darling as it happens. Short of mutiny, he fought the battles where he could. Of course, he is a politician first, but he did seem to have his head screwed on and feet firmly on the ground. Can you imagine the stress of being Chancellor during those times? Cool as a cucumber on a September afternoon in Edinburgh. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted February 21, 2012 Share Posted February 21, 2012 He was commenting on Greece; in Summary: The EU has managed to kick the can down the road a little further but the can is not going as far as it used to. Aiming for 120% Dept to GDP by 2020 with massive cuts to government spending is no incentive for the Greek people; they need to see light at the end of the tunnel. He really poured cold water on the whole deal, to a greater extent then any other main stream commentators recently.. What a pity he didn't display the same sort of sense when in charge of running the UK's finances. To be fair though, he had to take over from Brown and operate under his Stalin-like regime. Quote Link to comment Share on other sites More sharing options...
LiveAndLetBuy Posted February 21, 2012 Share Posted February 21, 2012 (edited) Darling tempered some of the one eyed ones more 'questionable' decisions. Without him at no 11 during the descent into anarchy in 08 it could have been so much worse. He does talk some sense and would make a credible leader of the Labour party, certainly much better than one of the two Ed's. Jokes them two. +1 The only people ultimately responsible for Brown's actions are Brown himself and Blair (the only person who had the power to sack him) As Chancellor Darling spoke more sense than Brown (who wanted to spend everything to regain power) and Osborne (who was opposed to any form of monetary stimulus at the time) Edited February 21, 2012 by LiveAndLetBuy Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 21, 2012 Share Posted February 21, 2012 snip Osborne (who was opposed to any form of monetary stimulus at the time) wut? As far as I recall, the Tories were silent on just about every issue. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted February 21, 2012 Share Posted February 21, 2012 He didn't take that view with Iceland. Indeed he did not. Darling is a slimeball, he fits into the same category as Portillo imo- a candid straight talker, when out of office. Quote Link to comment Share on other sites More sharing options...
R K Posted February 21, 2012 Share Posted February 21, 2012 They need Ocean Finance. (They might even treat themselves to a ride on mower while they are at it.) Aegean Ocean Finance? Quote Link to comment Share on other sites More sharing options...
billybong Posted February 21, 2012 Share Posted February 21, 2012 (edited) What a pity he didn't display the same sort of sense when in charge of running the UK's finances. To be fair though, he had to take over from Brown and operate under his Stalin-like regime. It's strange the way UK politicians and business people often seem to make sense when commenting on overseas economies but when it comes to the UK they revert to total garbage and either mislead or miss out the important bits etc. Last week on BBC Radio 5 Live Digby Jones and Ruth Lea were commenting on the Greek crisis and in the main speaking sense and even sympathising with the Greek peoples' position as well as the German people and seeing both points of view. Then the discussion turned to the UK and the garbage started to come out in a very biased and political way with opinions typically just tinkering around the edges and Digby Jones almost as good as saying that UK workers were no good. Apparently no sympathy for them from him. When talking about the UK's recent possible downgrade announcement Jones said a downgrade was bad for pensioners as it would reduce annuity rates. Lea had to come in and correct him saying that as if UK is more at risk (as expressed through a downgrade) then annuity rates would go up. Shouldn't someone in his position know that. Having listened to the sense talked about Greece then the garbage talked about the UK I can only conclude that the garbage is for radio listeners consumption and very likely quite different to what they have to say in private. Edited February 21, 2012 by billybong Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted February 21, 2012 Share Posted February 21, 2012 (edited) Darling will be the next Labour Prime Minister (whenever that turns out to be)... Edited February 21, 2012 by Ologhai Jones Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted February 21, 2012 Share Posted February 21, 2012 It's strange the way UK politicians and business people often seem to make sense when commenting on overseas economies but when it comes to the UK they revert to total garbage and either mislead or miss out the important bits etc. A bit like how the British media are generally quite good at reporting overseas stories (when the UK or Allies have no strategic interest) but absolutely rubbish at reporting national stories in an accurate, impartial manner. That's why it's best to look to Russia Today or Al Jazeera to give a more balanced perspective. Just don't trust them to be any way accurate on stories in their own back yard. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted February 21, 2012 Share Posted February 21, 2012 they are assuming growth too. IIRC, didnt the greek economy shrink 6% or 7% last year? did their debt shrink 6 or 7% last year? so if they have o economy they have 0 debt lol Quote Link to comment Share on other sites More sharing options...
LiveAndLetBuy Posted February 21, 2012 Share Posted February 21, 2012 wut? As far as I recall, the Tories were silent on just about every issue. He did call QE "the last resort of desperate governments" - although I guess you could interpret that as not being opposed to QE, but instead being critical of getting into the situation whereby there is no alternative. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted February 21, 2012 Share Posted February 21, 2012 Well...he did say US was taking right action on growth as is proved by econ stats. NOTHING could be further from the truth. Er... You have to put his comment through the 'LIEBOUR POLITICSPEAK to ENGLISH' Translator. Then US was taking right action on growth as is proved by econ stats translates to 'I want Obama to beat the Repubs and have total faith in the govt issued stats that are incorruptable and 100% true" Quote Link to comment Share on other sites More sharing options...
gf3 Posted February 21, 2012 Share Posted February 21, 2012 wut? As far as I recall, the Tories were silent on just about every issue. absolutely true If they had told me what they were planning I would have voted for them. but they had realized If they kept their mouths shut they would win any way. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted February 21, 2012 Share Posted February 21, 2012 You have to put his comment through the 'LIEBOUR POLITICSPEAK to ENGLISH' Translator. Then US was taking right action on growth as is proved by econ stats translates to 'I want Obama to beat the Repubs and have total faith in the govt issued stats that are incorruptable and 100% true" I understand what you're saying however actually it really is simply - we need to borrow more. To hell with the consequences. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted February 21, 2012 Share Posted February 21, 2012 He did call QE "the last resort of desperate governments" - although I guess you could interpret that as not being opposed to QE, but instead being critical of getting into the situation whereby there is no alternative. No leading politician anywhere in the world has voted against QE. Quote Link to comment Share on other sites More sharing options...
payback period Posted February 21, 2012 Share Posted February 21, 2012 It's strange the way UK politicians and business people often seem to make sense when commenting on overseas economies but when it comes to the UK they revert to total garbage and either mislead or miss out the important bits etc. Last week on BBC Radio 5 Live Digby Jones and Ruth Lea were commenting on the Greek crisis and in the main speaking sense and even sympathising with the Greek peoples' position as well as the German people and seeing both points of view. Then the discussion turned to the UK and the garbage started to come out in a very biased and political way with opinions typically just tinkering around the edges and Digby Jones almost as good as saying that UK workers were no good. Apparently no sympathy for them from him. When talking about the UK's recent possible downgrade announcement Jones said a downgrade was bad for pensioners as it would reduce annuity rates. Lea had to come in and correct him saying that as if UK is more at risk (as expressed through a downgrade) then annuity rates would go up. Shouldn't someone in his position know that. Having listened to the sense talked about Greece then the garbage talked about the UK I can only conclude that the garbage is for radio listeners consumption and very likely quite different to what they have to say in private. Digby Jones knows nowt about economics. He spent most of his career (20 years) at a small legal practice in Birmingham. Him and Ruth Lea are enough to make me switch to another station. Sick of the BBC's limited rota of commentators that we've had for the last decade. If it's not them it's Will Hutton. Wish we could fire the lot and have a new list. Quote Link to comment Share on other sites More sharing options...
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