Fudge
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Posts posted by Fudge
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I am confused. Why is Dr Paul Craig Roberts the co creator of Reaganomics on telly warning us of the dreadful consequences of the
neo liberal policies he advocated?
This why we have had a boom over the last 13 years and why so many public sector jobs were created to cover up the fact that we are offshoring
jobs like there is no tomorrow.
This is what Cameron doesnt seem to get. There will be no private sector jobs created for people losing jobs in the public sector.
In fact the offshoring of jobs will increase at a higher rate as companies are forced to move to countries with cheaper labour just to stay in business.
The few private sector jobs that will be created in the UK will go to Eastern European cheap labour.
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http://www.timesonline.co.uk/tol/news/politics/article7144906.ece
Seems Alastair's estimates for growth were a bit optimistic.
Brace yerselves.
Hard times a comin'
Not for millionaire ex public schoolboys I bet!
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All the truly dreadful news rolling out this past week has given us HPCers a new impetus and excitement that I admit was, for me, starting to wane. Financial Armageddon is back and the prospects of a house price wipe out a dead cert once again.
The sovereign debt thing is a thriller and at the same time the scariest thing to happen since WW2.
The unthinkable is mainstream now and that meeting in Barcelona has obviously been called a an emergency summit to try to stop the collapse of civilisation as we knew it.
My 3 friends trying to unload their properties around here are reporting fear in the marketplace--not just uncertainty but the kind of fear that gives you a sick feeling in the pit of your stomach.
TBS though, its a nasty place we are all in and it has happened as a result of pure greed and unfettered corruption across every sector. I have never known such dishonesty at so many levels--you cannot trust your insurance company not to rip you off. The banks? What can we say. I see everyone as a scammer these days and that is a sea change from how I saw things 10 years ago.
But apart from that, everything's ok!
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They were expecting 700000 new jobs and got 41000 - oh dear.
These people should lower their expectations then they wouldn't keep on being disappointed all the time.
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The man himself must have thought he was guilty of something improper otherwise he would not have resigned.
But would have carried on in the job if the matter had not been exposed.
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Nope. This should not have happened. A mistake.
He did not rip the taxpayer one penny. He had to rent a flat for 950 pm, a good deal for the taxpayer. The rule about spouses is because it can be ambiguous about what is an arms length deal - well this was good value.
He is going because he's been outed as gay.
Thats a tragedy for an excellent man and an asset to the country, and its a step backwards for our society.
The first cut is the deepest
Baby I know the first cut is the deepest
When it come to being lucky she's cursed
When it come to loving me she's the worst
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That alright then.
I was worried that someone decent may gain a position of power by mistake,
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Or indeed a bitch-hunt
So funny though, didn't think the first sleaze scalp would be a Lib.
Do any of these people have any integrity?
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I've been very impressed by this chap.
I wouldn't like to see him go because of a witch hunt.
18 of the cabinet are millionaires.
He was the vice-president of banking giant JP Morgan.
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Is this the bloke who is going to cut services for the poor and most vulnerable?
Its in the national interest.
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Because when people are short of money they start to wonder where all their taxes are going?
They should be wondering why their wages have hardly risen over the past 30 years.
And why taxpayers bailed out the banks and why we have to cut public services and welfare in because of it.
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That changed the distribution of wealth, it didn't create it.
Well they won a greater share of the wealth they were creating. Its wasn't given it had to be fought for, many people lost there lives .
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Why do we deserve a better standard of living than the Chinese or the Indians?
Because working class people in the west got organized and struggled and won a better standard of living just as the Chinese and Indians will have to if they want a better life.
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to be fair many on here have been warning about this for years.
So many people on welfare is a consequence of wages being driven down to such a low level that they are actually below subsistence levels.
Marx called the unemployed the reserve army of labour. And now the Tories are deploying the reserve army to drive down wages even more.
The labour market will be flooded by pushing people on welfare + the reserve army of eastern european migrants and those being redundant from the public services into the labour market. The intended purpose is to drive down wages and conditions to a level so as to be competitive with workers in countries like China and India. Its called globalisation.
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Why is it when the capitalist boom and bust cycle goes into the bust phase we blame the immigrants and those on welfare?
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Trouble is employers are always trying to drive down wages. Doesnt matter if the government took less in tax or not.
If you didnt have a minimum wage set you would have employers paying a pound an hour.
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due to the benefits culture...
Make work pay.
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Yet it managed to create 1.67m posts since '97, 98.5% of which went to foreign workers.
Well it isnt that difficult to create back breaking, mind numbing, unskilled jobs paying minimum wage and under with no job security.
For some reason the indigeonous workforce are not falling over themselves for these jobs.
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The private sector has more than 20 million people working in it. If employment grows by just 1% a year, for 2 years in this parliament, it would already absorb 400 thousand people.
We need a smaller public sector, and lower taxes, to help the growth of the private sector.
Current public sector "jobs" are being paid with fresh borrowings. It is not sustainable.
And our creditors are sending warning signs already. We have no choice really.
Thats a big IF. I cannot see where the jobs are going to come from.
The economy is only being propped up by ultra low interest rates and quantative easing until the election.
Once the election is out the way in 3 weeks time the fiscal and monetary stimulus will end and the the economy will go into
a double dip IMHO.
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Two thirds of public sector workers earn below 18K per year so I dont think wage cuts here would cut the deficit by much.
And I cant see the jobs being created in the private sector for these people, thats why they have been created by the government
in the first place. Cut a million jobs in the public sector and they will go straight on the dole. After 6 months on the dole they wont be fit
to do any work.
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Exactly. I grew up in a town near Stoke - it has been utterly devastated over the last couple of decades. It used to have a big British Steel plant -gone. It used to have numerous pottery and fine china manufacturers (Wedgwood, Royal Doulton, just about any well-known British brand). But they outsourced all of their mass production to Asia/Indonesia. Then they started to consolidate as profit margins went down. Now none of them are British owned and there's hardly anything left in the UK apart from the name. That happened just over the last decade during the mass private equity / M&A binge.
I don't know what it was like for the mining towns in the early 80's but I imagine it is similar to what has happened to Stoke. The local businesses have collapsed faster than new ones have arrived to replace them so there almost literally are no jobs for people to do.
Telling people to 'get on your bike' just doesn't cut it I'm afraid.
People are getting on their bikes alright and going to places like Australia and Canada.
They had get up and go and they got up and went. But that doesnt help the UK much.
Britain To Emulate Canada's Radical Solution To Tackle Debt
in House prices and the economy
Posted
Let me take a wild guess. The big Tory solution will be to privatize public services.
Da da.
The solution just conveniently being want they have wanted to do all along.