Tuesday, Apr 15, 2008

What options are available?

BBC: No easy answers to the credit crunch

"It is a fair bet that the bankers pressed for urgent help to resolve the credit crunch, and the prime minister stayed on the fence. But if the government did decide to take more action - what options does it have?"

Posted by alan @ 10:03 PM (411 views) Add Comment

5 Comments

1. renting2 said...

Other than let the crash happen? None really.

Tuesday, April 15, 2008 10:14PM Report Comment
 

2. paul said...

He hasn't taken the easy option, that's for sure.

For the first time in his career, Gordon Brown may may have made a good decision.

Tuesday, April 15, 2008 10:24PM Report Comment
 

3. waiting for the crash said...

I'm no sure the government has any options too take. It cannot / does not want to cut taxes, has over borrowed, no surplus to give back. I'm not sure I'd consider there room for decisions to make. Thats why he's picking on the banks. Blame someone else.

Tuesday, April 15, 2008 11:04PM Report Comment
 

4. renting2 said...

To be fair GB, at least he has fronted up on telly himself to answer qs. Didn't take the easy way out and send AD along to take the flak.
What can we do next? Sorry, we're strapped tightly into a massive roller-coaster that has just reached the highest part of the ride.

Wednesday, April 16, 2008 07:50AM Report Comment
 

5. justwatching said...

renting
Which questions did he actually answer???
I watched 3 interviews yesterday and he just peddled the same old tripe on what he had done already.
Gordon;
I'm on the side of homeowners.
Interviewer;
So what are you going to do to help them?
Gordon;
Well we have fuel poverty vouchers for the elderly; we've scrapped the 10% tax bracket (that should fook up a few of the peasants); we have increased the tax credit provision (a total administrative waste of money. Gordo, raise the personal allowance to 10-12k, then low earners can keep their dosh)
I've kept an eye on food prices (useful) (sarcasm)
We have low inflation and therefore can have low interest rates (lies, bubble fueller)

Interviewer
So what are you actually going to DO?

Gordo
Fook all really, coffers are empty, but it is a global issue.

Wednesday, April 16, 2008 08:26AM Report Comment
 

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