[interestrateripoff]

http://www.guardian....ame-labour-poll

Quote

Economic confidence is sliding but Labour is still losing out in the blame game, according to a new Guardian/ICM poll.

Only 42% of voters report confidence in the economy, their own finances and their ability to meet living costs, while 57% say they are not confident. The gap between these two figures produces a net confidence index of -15 points – the second-lowest on record since ICM began asking this regular question in 2001.

But asked what explains the latest slowdown, 30% of respondents continue to blame debts racked up by the last Labour government, and just 24% blame the coalition's sharp spending cuts.

So according to this than 1 in 4 would like to see the govt continue to spend money that it's not got. Clearly they aren't looking at the numbers as this govt is still spending money it hasn't got and seems to keep breaking records for the most borrowed in a month.

[Game_Over]

And the coalition haven't even cut anything yet.

My goodness the general public are in for one Hell of a shock in the next few years

Because all mainstream politicians have absolutely now idea how to get out of the situation we are now in

they are hoping that tinkering with the system and praying something turns up will be good enough

well it won't

there are going to to be really radical changes - either managed or forced

either way returning to 'normal' is not an option

[cheeznbreed]

Game_Over, on 21 November 2011 - 08:04 PM, said:

And the coalition haven't even cut anything yet.

My goodness the general public are in for one Hell of a shock in the next few years

Because all mainstream politicians have absolutely now idea how to get out of the situation we are now in

they are hoping that tinkering with the system and praying something turns up will be good enough

well it won't

there are going to to be really radical changes - either managed or forced

either way returning to 'normal' is not an option

+1 (and OP too)

The 'sharp spending cuts' the Grauniad mentions are nothing of the sort. The consequences of racking up debts repayable with interest.

[scrappycocco]

about time they priced me out of the market, i blame labour for everything....

the the scumbag buy to let empires seemed to start with them.....

i don't know how soldiers went to war with someone like blair or brown in leadership, you've got to have some balls....

i was saving for a deposit whilst labour were ramping the property market and allowing unregulated lending then when i managed to buy a crappy place at peak i lost a fortune selling it because i thought there would be a hpc but instead they used my savings to prop up the property market....

now my savings are been eaten away by inflation because the stupid labour party incurred a huge debt meaning our borrowing costs are just going to go from strength to strength, these scum should never be allowed anywhere near government....

what i hate is there is still some people that think that after all the labour party incompetence the tories should be able to step in fix everything and make it all better, the only solution seems to be to carry on with labour's polices ....

however bad these tories are i know that the labour party would be a trillion times worse....

[Lionel Mandrake]

cheeznbreed, on 21 November 2011 - 08:18 PM, said:

+1 (and OP too)

The 'sharp spending cuts' the Grauniad mentions are nothing of the sort. The consequences of racking up debts repayable with interest.

Yep, the real cuts will happen when there is no choice, i.e. the markets force the govts hand. Real cuts will be when the monthly deficit has to be bought down towards zero.

[stormymonday_2011]

Cameron will get the benefit of the doubt in the polls until the crap really hits the fan.

Then people will just blame the last man holding the parcel as they always do.

This post has been edited by stormymonday_2011: 21 November 2011 - 08:54 PM

[clockslinger]

What amazes me is that Labour (apart from Blair shafting anybody who wanted a change by scrapping clause 4) apparently screwed up all those other countries that they weren't even governing too. Wonder how that happened? I guess the wholesale conversion to Chicago school neo classical economics, Thatchers deregulation and rabid promotion of the "homeowning democracy", repeal of Glass Steagal under Clinton, Greenspan put, 11th September and Bush/Bernanke economic policy response, Paulson weekend with Obama....all of that was Gordon Brown then.

[georgia o'keeffe]

clockslinger, on 21 November 2011 - 09:11 PM, said:

What amazes me is that Labour (apart from Blair shafting anybody who wanted a change by scrapping clause 4) apparently screwed up all those other countries that they weren't even governing too. Wonder how that happened? I guess the wholesale conversion to Chicago school neo classical economics, Thatchers deregulation and rabid promotion of the "homeowning democracy", repeal of Glass Steagal under Clinton, Greenspan put, 11th September and Bush/Bernanke economic policy response, Paulson weekend with Obama....all of that was Gordon Brown then.

all of that sh!t and the US debt per head of popn is still dwarfed by the UK , it wouldnt be out of place to say debt in the uk makes the western world look more frugal than the chinese

This post has been edited by Tamara De Lempicka: 21 November 2011 - 09:23 PM

[LiveAndLetBuy]

clockslinger, on 21 November 2011 - 09:11 PM, said:

What amazes me is that Labour (apart from Blair shafting anybody who wanted a change by scrapping clause 4) apparently screwed up all those other countries that they weren't even governing too. Wonder how that happened? I guess the wholesale conversion to Chicago school neo classical economics, Thatchers deregulation and rabid promotion of the "homeowning democracy", repeal of Glass Steagal under Clinton, Greenspan put, 11th September and Bush/Bernanke economic policy response, Paulson weekend with Obama....all of that was Gordon Brown then.

Brown should take the sh1t simply because tried so hard to take the credit. I don't see much evidence that Cameron/Osborne would have been much better (they pledged to match Brown's spending and Cameron claims to be the heir to Blair) but they weren't in power when TSHTF so their turn to take the sh1t hasn't quite arrived yet.

[stormymonday_2011]

Tamara De Lempicka, on 21 November 2011 - 09:14 PM, said:

all of that sh!t and the US debt per head of popn is still dwarfed by the UK in fact the uk debt makes the western world look more frugal than the chinese

Dont forget the Irish.

Now they were people who REALLY knew how to blow a property bubble.

Even the UK can not get close to their debt per head of population. We are just amateurs.

This post has been edited by stormymonday_2011: 21 November 2011 - 09:28 PM

[georgia o'keeffe]

stormymonday_2011, on 21 November 2011 - 09:25 PM, said:

Dont forget the Irish.

Now they were people who REALLY knew how to blow a property bubble.

Even the UK can not get close to their debt per head of population. We were just amateurs.

early days

[Mancghirl]

LiveAndLetBuy, on 21 November 2011 - 09:22 PM, said:

Brown should take the sh1t simply because tried so hard to take the credit. I don't see much evidence that Cameron/Osborne would have been much better (they pledged to match Brown's spending and Cameron claims to be the heir to Blair) but they weren't in power when TSHTF so their turn to take the sh1t hasn't quite arrived yet.

This.

Must as I despise Gordo, the Tories would have done little different.

[stormymonday_2011]

Tamara De Lempicka, on 21 November 2011 - 09:26 PM, said:

early days

Agreed.

Cameron's announcements today shows he has learnt f*ck all from the recent past and just wants to go for more of the same.

http://www.thedailym...n-201111214570/

I do notice though a certain lack of enthusiasm from the comments made by the public on some of the mainstream UK media articles about the latest attempt to kick the housing Ponzi back into life. Even the terminally stupid British public are beginning to tire of this crap.

This post has been edited by stormymonday_2011: 21 November 2011 - 09:36 PM

[Executive Sadman]

cheeznbreed, on 21 November 2011 - 08:18 PM, said:

+1 (and OP too)

The 'sharp spending cuts' the Grauniad mentions are nothing of the sort. The consequences of racking up debts repayable with interest.

Several new record monthy deficits = 'sharp spending cuts' in Guardianista world.

It makes the Daily Mail look like quality analysis.

[bmf]

stormymonday_2011, on 21 November 2011 - 09:31 PM, said:

Agreed.

Cameron's announcements today shows he has learnt f*ck all from the recent past and just wants to go for more of the same.

http://www.thedailym...n-201111214570/

I do notice though a certain lack of enthusiasm from the comments made by the public on some of the mainstream UK media articles about the latest attempt to kick the housing Ponzi back into life. Even the terminally stupid British public are beginning to tire of this crap.

Sorry but I think you are looking at this from the wrong angle. Cameron and Merv King want to stay in power for as long as possible. Much of the population don't care if the rest of Britain goes off a cliff so long as they are ok. Therefore to achieve this aim Cameron should please the majority by stoking house prices, assured in the knowledge that they will not desert him for damaging the wider economy. Merv is the same.

If you approach the situation in this fashion each player is behaving utterly logically. They are not playing with the bigger picture in mind.

This post has been edited by bmf: 21 November 2011 - 09:53 PM