Sunday, Dec 30, 2007
Sad Sack makes out its everyone elses fault
Bloomberg.com: Brown Pledges to Take No Risks With U.K. Stability in 2008
``We will make the right decisions, not only this year but for the years ahead, to safeguard and strengthen our economy, and by keeping inflation low, keep interest rates for business and homeowners low,'' Brown said.
This man cant help himself, yet more spin, he appears to have left out the fact that you cant have them both at the same time!!! HA HAHAHAHA YUK YUK GUFF GUFF HAHAHAHA!!!!!!!!!!!
Posted by mr cobblepot @ 11:25 AM (811 views) Add Comment
12 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
1. Hyrax said...
We have become a peacock economy, everything is short term, innovation is seen as a grand gesture like an olympic village or gladiator games with free bread.
Like a bird of paradise, the finance based UK economy, is an evolutionary dead end, all show and no go. This ship has no engine. What colour is your lifeboat?
2. justwatching said...
Spin, b*llocks, untruths, lies etc
Is it funny though?
This bloke was chancellor for years. Is he really this thick. Unless all the economists lie when they talk about raising interest rates to target inflation.....
I'm not an economist, journalist or pundit, but here are my thoughts for the future (and f*ckups of the past)
Houseprices;
I predict they will fall. Why? Because I have a whole in my ars*. By how much??? 40% I have just tried a new, revolutionary method, role a dice, and times by 10, why shouldn't it work?
First member of glubberment to resign/be sacked in 2008?
Close call between Bruwn and Darling, Darling just gets it through northern c*ck, why, why, oh why are we, the taxpayers that is, pouring money into a 'failed business model' (brown quote me thinks)
Tax Credits?????????????????
Rather than having a system that is prone to fraud/overpayments/underpayments/misery, which also costs cash to administer, how about the following idea;
raise the nil rate income tax band to 8, 9, maybe even 10k. People who don't earn a lot get to keep their cash, we can then make a few civil servants redundant, no more expensive computer system, and we save the planet by not printing off millions of poxy forms. Am I a genius?
Gold;
next time don't sell most of ours at a low price.
Tony Blair, what timing, now he is the clever one isn't he.
Final prediction; next bank to go bust will be allowed to do so????
3. denzil said...
From Brown's words I guess he implies that the stability of the UK will be maintained by lowering IR's to about 3% and building an even bigger debt mountain than that built under his stewardship of the economy.
No doubt the word "inflation" will be removed from the English dictionary too!!
4. alan said...
@ Denzil,
I don't think Brown & Darling will remove the word "Inflation".
However, they might find ingenious new ways of tweaking the CPI to go lower.
5. Its All Doom And Gloom said...
A person earning 11k per year with 3 kids would get just under 8k tax credit so i don`t think just watching`s idea would be very well recieved by the poor .
6. it_is_going_with_a_bang said...
GB is full of Sh*t.
Every year for the least 10 years that idiot has said he would take no risks with the economy.
So House Price Inflation of about 240% to fund your ultimate goal of PM is not taking risks?
Listening to him is soooo boring. He's got a hair up his ass and it needs plucking.
7. enuii said...
This is from a bloke whose government finances are that bad he is cutting 100m here and there everywhere in a desperate bid to shore up his failing finances.
This is the bloke who said 'an end to boom and bust'.
This is the bloke who is using education and disability as a means of keeping kids from showing up as unemployed.
Blair was bad enough but at least he knew how to ponce about and make himself look good, Brown can't even do that and is even more useless to boot.
8. Realist said...
Isn't his assurance that "we will keep interest rates low" ever so slightly at odds with the "independent" Bank of England??
9. it_is_going_with_a_bang said...
More to the point whats all this "WE" rubbish regarding interest rates - I thought he gave up control of setting the rates!
He thinks they are going down so he wants it to be "we" and no doubt when it goes up it will be "they".
10. Bystander said...
Well said Mr Cobblepot - he appears to have left out the fact that you cant have them both at the same time.
I was under the impression that you needed high interest rates to stave of high inflation, after all that is why IR's were so high before the last crash and also why the Chinese have just raised their IR's. What does this man think he is talking about and it is a shame that more of the electorate have not been fed the right information. 'Crash Gordon' is spouting total rubbish as a soundbite to reasure the debt ridden population in the hope consumer confidence will return and the boom continues, how did this man become chancellor. let alone PM (oh yes I remember someone stepped down and gave him the job - aren't prime-ministers supposed to be elected?). I really hope for a reality check, albeit painful in the short-term to enable the UK to begin again on a more stable footing - sound economics, non-reliance on the service sector, non-reliance on the cheap, imported/ exported labour market, and non-reliance on growing house prices to create a sham of a succesful economy, covering the rotten core.
11. tick tock said...
Lies Lies Lies.
When a worker asks for a pay rise to cover the increase in his cost of living (ie the inflation in his cost of living) he is, according to contemporary Government theory, to be told that to do such a thing would CAUSE the very inflation that so clearly already exists, thus suggesting that the worker is simply being greedy and risking economic stability by attempting to maintain the real value of their wage.
This is a fraud (IMHO). If it wasn't for the pre-existing inflation, they wouldn't need the pay rise in the first place, would they?
Wage rises 'locking in' the inflation is simply the just, and necessary, compensation for the real term erosion of that workers pay caused by inflation from some other source. (excess credit creation,currency devaluation, HPI and MEW perhaps?)
The Government it would seem would like working people to pick up the tab for the property bubble, rather than have property owners/ speculators/ landlords suffer the concequences of their folly via higher IRs.
A Labour Government of speculators, landlords, and Sir Digby Jones!
12. Orwell said...
I can see the working people on the move again in 2008/9 like in 1978/9. A Marxist I once spoke to said that unions are the ones who have always let their members down.
Remember Jack Jones (I think it was he) : "...I can't control my members..."