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Ed Balls Warns Of Double-Dip Recession

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http://www.guardian.co.uk/politics/2010/aug/27/ed-balls-attack-spending-cuts

Ed Balls will today launch the most aggressive attack since the election on the coalition's economic policies, fuelling speculation that he now has his eye on the second-most important position in opposition: shadow chancellor.

Balls is to warn that the government is in danger of encouraging a "perfect storm" that could trigger a double-dip recession in Britain, and that the world faces a dangerous time as many governments embark on premature fiscal retrenchments.

"By ripping away the foundations of growth and jobs in Britain David Cameron, Nick Clegg and George Osborne are not only leaving us badly exposed to the new economic storm that is coming, but are undermining the very goals of market stability and deficit reduction which their policies are designed to achieve," he is expected to say in a speech at Bloomberg.

Balls, the former chief economic adviser to the government, insists he is still fighting hard to win the Labour leadership contest. But his supporters know that it is all but impossible for him to catch the Miliband brothers.

Balls says Osborne is leaving Britain badly exposed after adding an extra £40bn to cuts identified in Labour's £73bn fiscal deficit reduction plans in June's budget: "As the second storm looms … everything he is doing is designed to suck money out of the economy and cut public investment, while his tax rises and benefit cuts will directly hit household finances at the worst possible time. It is the exact reverse of the policy which allowed Britain and the … world to weather the first storm."Balls mocks Osborne's claims that the deficit must be eliminated entirely by 2015: "Just think if Clement Attlee's government at the end of the second world war had decided that the first priority was to reduce the debts built up during the second world war – there would have been no money to fund the creation of the NHS, no money to rebuild the railways and housing destroyed in the Blitz, no money to fund the expansion of the welfare state."

Words of wisdom indeed from Ed, although the problem of spending money you don't have and the policy dilemmas created by govt over borrowing in a boom appear lost on the poor man.

Still all we need to do is borrow more money to keep everyone working.

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Ed Balls is without doubt the most odious, slimey, opportunistic scumbag I have ever seen.

He, along with Gordon 'Ponzi' Brown caused all this, and now he's trying to position himself as the next Vince Cable. Predicting the 'coming storm' and blaming the Coalition for the crash that he caused. A crash he simply delayed long enough to let the Conservatives take the bullet.

What an absolute s***head of titanic proportions.

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http://www.guardian.co.uk/politics/2010/aug/27/ed-balls-attack-spending-cuts

Words of wisdom indeed from Ed, although the problem of spending money you don't have and the policy dilemmas created by govt over borrowing in a boom appear lost on the poor man.

Still all we need to do is borrow more money to keep everyone working.

The brainwashing corporation had some 'expert' on this morning to discuss people saving and paying down debt. The message was 'don't save and reduce your borrowings or they will raise taxes'.

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http://www.guardian....k-spending-cuts

Still all we need to do is borrow more money to keep everyone working.

Always been a slimy w4nker.

Now confirms himself as an economically illiterate w4nker too.

How TF did we end with morons like this running the country for so long? Oh... because most of the electorate are lazy, economically-illiterate morons as well.

Just back from a trip to the Middle East, where people - err - make stuff; work hard; take responsibility for themselves and their decisions; and have absolutely no sense of entitlement, or expectation everyone will bale them out when they feck up.

Makes you realise what a dumb sh!thole this country really is... :angry:

B

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Always been a slimy w4nker.

Now confirms himself as an economically illiterate w4nker too.

How TF did we end with morons like this running the country for so long? Oh... because most of the electorate are lazy, economically-illiterate morons as well.

Just back from a trip to the Middle East, where people - err - make stuff; work hard; take responsibility for themselves and their decisions; and have absolutely no sense of entitlement, or expectation everyone will bale them out when they feck up.

Makes you realise what a dumb sh!thole this country really is... :angry:

B

Doesnt stop him being right to say it from a political viewpoint, When it heads southwards again and far below 2008, the electorate will need someone to blame and hes giving them the target. Its politics, and why Labour will very likely be back in power before end 2012/2013 once the mickey mouse coalition falls apart which it will as soon as things fall off a cliff again.

Genius really the most inept and self serving political party in British history being voted back in after less than one full term on the sidelinesafter destroying said country economically, its the tories own fault for winning this year, it was long term strategically inept, gotta laugh

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Ed Balls is without doubt the most odious, slimey, opportunistic scumbag I have ever seen.

He, along with Gordon 'Ponzi' Brown caused all this, and now he's trying to position himself as the next Vince Cable. Predicting the 'coming storm' and blaming the Coalition for the crash that he caused. A crash he simply delayed long enough to let the Conservatives take the bullet.

What an absolute s***head of titanic proportions.

Couldn't have said it better myself!

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Ed Who?

Indeed, one of life's many mysteries is the fact that anyone is even remotely interested in anything the idiots that got us into this mess has to say.

Ed Balls - I can't think of any modern politician less qualified to be listened to.

The whole lot of them should be laughing stocks.

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http://www.guardian....k-spending-cuts

Words of wisdom indeed from Ed, although the problem of spending money you don't have and the policy dilemmas created by govt over borrowing in a boom appear lost on the poor man.

Still all we need to do is borrow more money to keep everyone working.

Labour wants to go in the Greece direction ... and they will call it a recovery ...

What about a constitutional law that you can not borrow more than 3 or 4% of the GDP ????

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Ed Balls is without doubt the most odious, slimey, opportunistic scumbag I have ever seen.

He, along with Gordon 'Ponzi' Brown caused all this, and now he's trying to position himself as the next Vince Cable. Predicting the 'coming storm' and blaming the Coalition for the crash that he caused. A crash he simply delayed long enough to let the Conservatives take the bullet.

What an absolute s***head of titanic proportions.

I refer to him as the "Balls creature" so could not agree more.

However, the average sheeple is stupid enough to buy the New Nulabour line that it is all the Tories fault as they are in power when the shinola eventually hits the pan. In the US, most blame O'Bama for the economic fallout from the HPI years.

The masses are incredibly stupid and easily led which is how people like Balls gain power.

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http://www.guardian.co.uk/politics/2010/aug/27/ed-balls-attack-spending-cuts

Words of wisdom indeed from Ed, although the problem of spending money you don't have and the policy dilemmas created by govt over borrowing in a boom appear lost on the poor man.

Still all we need to do is borrow more money to keep everyone working.

Personally I am hoping the obese thug Balls pulls off a miracle and gets to lead Liebour. He really is such an odious toad with the same morals as his mate McBride that double dip or no double dip he would hopefully make that shower of lying crap party unelectable for another term.

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Words of wisdom indeed from Ed, although the problem of spending money you don't have and the policy dilemmas created by govt over borrowing in a boom appear lost on the poor man.

Still all we need to do is borrow more money to keep everyone working.

...of course he's an " 'am alright Jack"...with his " 'am alright" wife ....claiming nice expenses ...while they both allowed the financially naive Gordo run loose and destroy our economy.....add chains to the 'Balls' and lock them away...... :rolleyes:

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Collapse of the banking system under Mrs and Mrs Balls' Teasury - It was Glow ball

Slim possibility of a double-dip under the Tories trying to sort out his mess - It's the Tories.

Funny how him and Mandy used to refer to this as the Tories talking down the economy.

As a country we really deserve to have people with at least a modicum of honesty and integrity at the helm rather than these duplicitous self-serving odious tw&ts.

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Your next chancellor, that's who.

...imagine it...he was Gordo's man at the Treasury...he helped engineer the whole mess ....he would be tried for High Treason if we lived in a normal society with responsibility and accountability....that lot don't let anyone win the egg and spoon race at the school sports day ....everyone must come equal.....!...... :rolleyes:

..ps their 'elf and safety regime woudn't permit an egg and spoon race... :rolleyes:

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I refer to him as the "Balls creature" so could not agree more.

However, the average sheeple is stupid enough to buy the New Nulabour line that it is all the Tories fault as they are in power when the shinola eventually hits the pan. In the US, most blame O'Bama for the economic fallout from the HPI years.

The masses are incredibly stupid and easily led which is how people like Balls gain power.

If the future doesn't pan out the way you have expressed many a time, will you be upset if I take the p!ss out of the masses on here who follow your every word? I wouldn't be having a pop at you, just the sheeple here.

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world to weather the first storm."Balls mocks Osborne's claims that the deficit must be eliminated entirely by 2015: "Just think if Clement Attlee's government at the end of the second world war had decided that the first priority was to reduce the debts built up during the second world war – there would have been no money to fund the creation of the NHS, no money to rebuild the railways and housing destroyed in the Blitz, no money to fund the expansion of the welfare state."

OMG .........................Thats the whole ******ing point , we came out of a WORLD WAR , IN WHICH VAST SWAITHS OF TOWNS , CITIES AND INDUSTRIES WERE 'KIN BOMBED ....... INFRASTRUCTURE DESTROYED .....HOMES DESTROYED...ECONOMY DESTROYED..... BY AN ENEMY THAT WANTED TO CONQUER US , DESTROY OUR WAY OF LIFE AND MAKE US KNEEL TO THEIR DOMINANCE ...........IN PERPETUAL FEAR .......!

IS balls seriously saying that now the coalition faces as a result of 13 years of labour government ,is the equivalent as to what Atlee faced in the country after 6 years of the second world war , with Nazi's trying to destroy us , our industries ,our economy,our infrastructure , our homes , our freedom , our way of life , as inhumanely as possible ?

Has balls inadvertently given us his FIRST honest assessment (and something to measure it by ) of what he and the rest of the bunker inhabitants have deliberately done to this country in 13 years ?

It now all makes sense in a purely twisted evil sort of way .....LABOUR HATES THIS COUNTRY AND EVERYTHING IT STANDS FOR

.................................................................................................................................................................................................................................................................................

TREASON

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The best thing about the complete failure all socialist policies is the final discreditation of Keynesian Economics, well at least

the politicians interpretation of it.

The humbling of the State is almost worth the total conflagration of the economy, i hope people acknowledge the all seeing State

is incompetent and serves only those who "have theirs" before the "bill" for all the promises is too big for the population to service.

Double dip is guaranteed because we know it's just a stimulus rebound, causing more malinvestment.

Once this enters mass psychology the country can rebuild on a different economic paradigm.

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Doesnt stop him being right to say it from a political viewpoint, When it heads southwards again and far below 2008, the electorate will need someone to blame and hes giving them the target. Its politics, and why Labour will very likely be back in power before end 2012/2013 once the mickey mouse coalition falls apart which it will as soon as things fall off a cliff again.

Genius really the most inept and self serving political party in British history being voted back in after less than one full term on the sidelinesafter destroying said country economically, its the tories own fault for winning this year, it was long term strategically inept, gotta laugh

Indeed, and it was one of the reasons I never voted Tory for the first time in my 40+ life. I simply didn't want to be party to it.

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Your next chancellor, that's who.

In your dreams (or worst nightmares). DC is gaining traction (If the Taliban don't shoot his Chinnook down in the meantime). Reform the electoral system, change the boundaries, even part merge the middle of the road Tories with bits of the Lib/Dems plus an electoral pact or two could see the dreadful Balls Creature consigned to oblivion.

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he is a total Shathead

all 3 of the w4nk3rs

Brown, Balls , Darling

Think Darling might have been pretty decent. Fell in with the bad boys thats all.

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Yeah ...I think he may have curbed Gordons greater utter destructive excesses ...

Gordon along with minime balls could have done a lot more damage in the last two years had darling not been there !

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I remember right up to 2006 Ed Balls was hailed as an economic Messiah when he was Brown`s sidekick. The trouble with Ed is he is no politician and never will be, but to be fair neither are the school boys running the Government today. :rolleyes:

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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