Sunday, January 4, 2009

The tories and libdems will oppose any new bailout

Second bank bailout plans condemned

All sorts of "shoot from the hip" plans being mooted by an increasingly desperate government here.

Posted by paul @ 12:34 AM (1050 views)
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8 thoughts on “The tories and libdems will oppose any new bailout

  • gardeniadotnet says:

    Have the banks ASKED for more money, Paul?

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  • gardeniadotnet says:

    If the money is offered to the banks do you think they’ll accept it, Paul?

    Can you see where I’m going with this?

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  • stillthinking says:

    I dont follow you gardeniadotnet. Unless you mean that the banks havent asked for money, because they have no intention of lending any out, so why pay for additional government funding. ?

    I wonder when the hapless Tories will realise that mobilising the savers against the debtors is a winning election strategy…

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  • @stillthinking…..’mobilising the savers against the debtors’ – What are you on?!!
    This site is becoming a soapbox for all sorts of VI loons – what happened to sorting things out for the maximum amount of benifit to the most people?

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  • “what happened to sorting things out for the maximum amount of benifit to the most people?”

    Savers outnumber borrowers by 7 to 1. Current policies target borrowers only. That’s what happened to sorting things out for the maximum amount of benifit to the most people.

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  • braindeed said “This site is becoming a soapbox for all sorts of VI loons – what happened to sorting things out for the maximum amount of benefit to the most people?”

    This is the primary economic question. What to produce, how to produce it and how to distribute the fruits of economic activity?. The type of economic system adopted answers this question and people have a right to post their opinions about this matter because it affects private ownership of a house. I am not aware that we have adopted, through the ballot box, the direction of the command economy that this government is taking us. Savers out number borrowers by approx. 7 to 1. Moreover, savings play an important role in an individuals total lifetimes income. Savings are being destroyed, and retired people who honestly “played the game” are now suffering.

    stillthinking you are absolutely right. Regretfully the tory party and all other political parties are caught in the headlights of the labour party’s spin machine. They should all speak up against the economic vandalism of this dishonest government. The extreme parties of right and left must be rubbing their hands in anticipation of the opportunity to seize the reins of government. Remember Germany, amongst others, that adopted extreme political systems after economic turmoil.

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  • Yes you’re right about thinking anout the bigger picture, bertywooster – fair argument.
    Let’s just look at this syntax again….’mobilising the savers against the debtors.
    Is it just me, or is that totally crass?

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  • braindeed – it is not quite as crass as theft through money supply of the savings that many people have worked a lifetime for.

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