Thursday, Sep 03, 2009
Is it just me, or are AD & GB starting to sound really desperate and scared in their tones?
Guardian: Darling warns of danger in withdrawing stimulus packages too soon
Alistair Darling has warned that the world could be dragged into a double-dip recession if other governments stop stimulating their economies.
Speaking before this week's meeting of G20 finance ministers, the chancellor said he would oppose moves by France and Germany to begin "exit strategies".
Posted by flintster1994 @ 11:01 AM (1364 views) Add Comment
18 Comments
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1. 51ck-6-51x said...
Or GB & AD remind their French and German counterparts that our next election is not so soon. ( Germany will have theirs at the end of this month, France had theirs already ).
2. paul said...
But France and Germany's economic situations are vastly different to the UK's because they didn't have the massive credit driven house price booms that we did.
3. tyrellcorporation said...
It's almost like there's a general election coming up.
I think pumping up a new bubble before May is a tall order - there again, never underestimate politicians.
4. japanese uncle said...
Suppose you were in a bath tub filled with lukewarm water in a house whose central heating has been unfortunately broken down. So it is rather cold outside the bath. Temperature of the lukewarm water is falling by the minute. Sooner or later you must get out, but when? The answer is simply the sooner the better, and dry yourself with a towel, getting rid of lukewarm water.
5. bluebeach said...
Again and again..... One political party, betting on our future with just the single aim of trying to be re-elected for another term.... How on earth is this not illegal? Should this be outlawed?
6. This comment has been removed as it was found to be in breach of our Blog Policies.
7. down wave said...
I am moving this one up to here as it is more appropriate:
3. down wave said...2. stillthinking said...It would be quicker if they just gave us the money directly
Did you mean to say: gave us OUR money directly?
All that can be said of politicians: Kleptocratic nincomppoops.
From: kleptocracy  = a government or state in which those in power exploit national resources and steal; rule by a thief or thieves.
From: kleptomaniac - someone with an irrational urge to steal in the absence of an economic motive
appropriator - someone who takes for his or her own use (especially without permission)
Thursday, September 3, 2009 11:27AM
8. uncle tom said...
"How on earth is this not illegal?"
Bluebeach - politics is about gaining power and staying there; and the people in power determine what is, and what is not, illegal.
However, the spectre of Brown & Co. hanging onto power for as long as they can; putting their personal interests before those of the nation, does make a strong case for electoral reform.
Personally I would like to see MP's elected for a fixed four year period, with a quarter of constituencies going to the polls each year. After each year's election, the balance in the Commons would change a little, and if the ruling party or coalition lost sufficient support, a new government would form to take over.
It would stop goverments becoming fixated on a single date five years down the line, to the exclusion of more worthy considerations.
- And Brown would surely be out by now..
(I would also like to see the use of the Single Transferable Vote system, where you can indicate second and third choices when voting, but am very much against the party list system used for the euro elections)
9. braindeed said...
....but suppose the floorboards adjacent to the bath were rotten, and an old Etonian hamrammr was peering down from the nearby slightly ajar loft hatch?
10. 51ck-6-51x said...
UT
- STV may be a little better, but then why the top three? Shouldn't one be able to assign a weight to any and all candidates to sum to 1 ( or 100% ) to ensure each voters preference function is taken into account. Unfortunately the real preference function ( internal ) is not even necessarily crisp, even in a rational individual, so this moves us towards the use of fuzzy preference relations, and then the methodology of choosing the winner from the votes becomes hard ( in the computational sense ).
STV has a tendency to result in hung parliaments, which may or may not be a good thing subjectively ( depending upon your own preference function ).
I think a far bigger part of the problem in our voting system is the regional aspect, this makes some votes worth far more than others, which is undemocratic ( more accurately non-proportional ) and results in a tendency toward a two party system ( such as UK & US ) which then implies a tendency towards a narrowing difference between these two only focusing on the swing regions ( again UK / US ).
11. uncle tom said...
666,
I have no problem with people being allowed to preference the whole candidate list, but allowing percentage weights for each candidate would a) baffle most electors b) tie the count up in knots.
- What do you do if someone's percentages don't add up to 100?
12. mark wadsworth said...
I debated electoral reform at length on my 'blog and it appears the least-bad system is multi-member constituencies. So let's say existing constituencies are merged into larger ones and each returns the four candidates with the most votes, then mathematically, a candidate only needs twenty per cent of the vote plus one vote to get in.
You can retain the constituency link by allocating each MP to one of the old sub-constituencies.
Problem solved.
13. mark wadsworth said...
@Flintster1994, to answer your question, yes, total and utter panic, especially as they all own two or three houses ...
14. matt_the_hat said...
10. uncle tom - "What do you do if someone's percentages don't add up to 100" - count there vote as null & void because they have failed a basic threshold test for intelligence to make a decision on who should govern this country
15. bystander said...
Didn't Geithner say almost exactly the same thing yesterday? At least they are all still singing from the same sheet, but they will all lead us into a hopeless financial position, and all because a 'few' 'clever', 'masters of the universe' decided to package up a load of old sh*te and sell it to gullible, greedy institutions/ individuals and brought down the whole very fragile house of cards. Take the medicine and be healthy or do as you are doing and keep putting new plasters on that severed artery.
16. shipbuilder said...
"Alistair Darling has warned that the world could be dragged into a double-dip recession if other governments stop stimulating their economies."
Darling is effectively admitting here that the stimulus is artificially holding up the economy against market forces and therefore has to be applied indefinitely.
17. Lucas said...
Darling and Brown are fools if they think they can avoid another bout of economic contraction within the next three years. Have they forgoten the money they have borrowed to save failling businesses (banks) with flawed business models? We have not addressed the key issues affecting the UK economy that has got us in this mess in the first place - high debt levels and overinflated asset prices, until these adjust and the necessary structural changes take place, there is not going to be any return to normal economic times. There is the likelihood of two possibilities: a) Another recession after the election because of major higher taxes and major cuts in government spending that will need to be made if the British economy is going to have any long term future. This may also be coupled with higher interests rates if there's higher inflation (highly likely through the cost push avenue). And if we don't get the recession then we will probably experience a lost decade like Japan with stagnant/low levels of growth below the trend rate. Falling house prices over next five years wont help.
This joke of a government are trying to provide a quick fix in time for an election, they think they are playing clever politics but they don't realise they are playing with our living standards and that of our children - this mess they got us into has to be sorted out - it will take years and people will have to suffer for it to happen. But one thing I am almost certain whatever happens to the economy - Labour are get decimated at the polls all because of the incompetent Gordon Brown.
18. refusetobuy said...
From b3ta