Sunday, Sep 27, 2009

You couldn't make this stuff up!

Telegraph: Gordon Brown's plan to win back the middle classes

'Mr Brown will argue at Labour’s annual conference on Tuesday that it is “fair and responsible” to bring in a Fiscal Responsibility Act that will legally commit current and future ministers to bring down the debt'.
This makes me unbelievably angry...

Posted by tyrellcorporation @ 10:04 AM (1824 views)
Add Comment
Report Article

27 Comments

1. britishblue said...

Sounds like common sense to me!

If the banks in England hadn't been bailed out we would have had Armageddon. Two major high street banks would have gone and businesses wouldn't have been able to operate. If the Tories had been in pwere the bank bail out wouldnt have been any different.

He will also be doing the Tories a favour because it means come election time every party has to talk about getting the debt down, which is what the country needs, rather than promise more money for everyone.

Sunday, September 27, 2009 10:28AM Report Comment
 

2. honest valuer said...

Mr Brown if you give up on the working classes don't be surprised if they all vote BNP.

Sunday, September 27, 2009 10:35AM Report Comment
 

3. Macca said...

Yes exactly, what about the working class or are they all middle class now?

Sunday, September 27, 2009 11:01AM Report Comment
 

4. Dangould said...

"The middle classes - who have suffered the most during the recession.." You gotta love The Telegraph, those poor middle classes!!!

Sunday, September 27, 2009 11:17AM Report Comment
 

5. hpwatcher said...

If the banks in England hadn't been bailed out we would have had Armageddon. Two major high street banks would have gone and businesses wouldn't have been able to operate.

Rubbish. The UK banking system is more that HBOS and RBS, who in my view should have gone to the wall....that way, their debts would have gone too, and we would probably not be talking about 10% cuts - and the possible destruction of sterling. Moreover, businesses can't operate anyway.

Sunday, September 27, 2009 11:17AM Report Comment
 

6. alan_540 said...

So Brown wants to bring in a "Fiscal Responsibility Act"?

Is this the same Brown who has been so fiscally irresponsible in his management of the economy that he has effectively legislate against himself?

Yeah Gordon we'll all vote for you mate!

What a tw@t.

Sunday, September 27, 2009 11:20AM Report Comment
 

7. alan_540 said...

Quote from Brown's interview :

Speaking about the “squeezed middle classes” – those who have suffered most in the recession – he said: “These are the people who I identify with and understand the problems they face. From where I come from and where I am, I have a very clear understanding of how people have got to make ends meet.”

... So that will be why you claimed for satellite TV on your expenses then was it? Yeah, you really are in touch with the ordinary man.

This man is a complete and utter joke.

Sunday, September 27, 2009 11:32AM Report Comment
 

8. icarus said...

britishblue - how many banks have failed in the US?

Sunday, September 27, 2009 11:38AM Report Comment
 

9. hpwatcher said...

If Gordon Brown really wanted to do something for his country, then he would do the decent thing - like Hitler in his bunker.

Sunday, September 27, 2009 11:44AM Report Comment
 

10. krustyatemyhamster said...

@icarus
How many of those ninety-odd (I think) banks that have been allowed to fail in the States had liabilities in excess of the GDP of the UK?

Sunday, September 27, 2009 11:53AM Report Comment
 

11. tyrellcorporation said...

BritishBlue.

Yes it's en excellent idea but it's too late. Isn't this announcement more about more about hamstringing the incomming Conservative administration?

Sunday, September 27, 2009 12:06PM Report Comment
 

12. Britishblue said...

Back in 1998 when I did some work for the Halifax (predecessor to HBOS) they had13 million customers. I don't have any figures for RBS. But somewhere close to 20 million customers would have been effected if these two went down, with 100's of thousands of small businesses folding. People wouldnt be able to get cash out of the cash points. This would have cause a depression. I personally think the right things was done at the time and if the Tories had been in power they would have done the same. However, I also think that by doing this a double dip recession was inevitable, where when the world economies start to expand again, debtor economies have to start getting their finances in order.
The USA may have let 90 odd bank go, but they have saced the really big operators like Fannie Mac and Freddie May

Sunday, September 27, 2009 12:11PM Report Comment
 

13. britishblue said...

Back in 1998 when I did some work for the Halifax (predecessor to HBOS) they had13 million customers. I don't have any figures for RBS. But somewhere close to 20 million customers would have been effected if these two went down, with 100's of thousands of small businesses folding. People wouldn't be able to get cash out of the cash points. This would have cause a depression. I personally think the right things was done at the time and if the Tories had been in power they would have done the same. However, I also think that by doing this a double dip recession was inevitable, where when the world economies start to expand again, debtor economies have to start getting their finances in order.
The USA may have let 90 odd bank go, but they have saved the really big operators like Fannie Mac and Freddie May

Sunday, September 27, 2009 12:15PM Report Comment
 

14. wdbeast said...

I firmly believe that the biggest issue with the UK today is that nearly all of us think we are part of this so called "Middle Class"
Somewhere along the line we all became consumers and forgot to be producers.
All of this consumption has been financed by debt, the root of our current problems.
So, where to next?
Well we are going to have to breed another generation of "Working Classes" to start making things in order to get ourselves out of this mess.
Unfortunately generations take 20-30 years to rear.

Sunday, September 27, 2009 12:22PM Report Comment
 

15. braindeed said...

Despite his almost universal debridement, I think Broon actually did save the world’s banking system – and I think that the Tories would have done nothing different in the lead-up to this catastrophe ……the mentality that brought us the ‘Big Bang’ and laisser-faire would have been sucking up to the Bankers even more (we know of their hatred of ‘red tape, and it’s hindrance to good business, don’t we?’)
Thatcher – Major – Blair – Broon – (Cameron?) …….all the same patsies, and I think it will be such fun when the Red Shields sell us our own roads – that should help the balance sheets and have the trough topped up for Napoleon and Snowball.
This site and it’s blog never changed a thing – too much of the cause of the current problems are down to entrenched class attitudes, and paranoia ……Maggie was so prescient – there really is no such thing as society.
The really laughable thing is how many three card shysters and mail readership are lauded as knowledgeable in here – but it is a perfect metaphor for Blighty now…..and everyone can pretend they ‘care’, that we’re going to the dogs.

Sunday, September 27, 2009 12:34PM Report Comment
 

16. nomad said...

Mr Brown says in today’s interview that he is not afraid to take “difficult decisions” and adds: “So we will take the right decisions and I think people will see that we will invest for the future within sustainable public finances.”

Why now? You never have done before you silly man. Why should we believe that you can now?

Matthew Lynn in Money Week points out the Tax Freedom Day, despite all of GBs stealth taxes, has been rooted in May since the Harold Wilson years - leaving total tax at 35 to 37% GDP. Reason being that taxes reach a point where the more you try to raise taxes, the less you collect. People leave the country or decide it's not worth working any more.

Meanwhile revenues are collapsing.

Convincing article but unable to post.

Conclusion that shared Tax and Cuts is not an option - just cuts, cuts, and more cuts.

Sunday, September 27, 2009 12:34PM Report Comment
 

17. braindeed said...

13. nomad said...
Tax Freedom Day

OK .....let's just have Anarchy then

Sunday, September 27, 2009 12:40PM Report Comment
 

18. mark said...

resign and you will win my vote..

Sunday, September 27, 2009 12:49PM Report Comment
 

19. quiet guy said...

Mark,

You never know. There might be a small chance that your wish will be granted:
http://www.thefirstpost.co.uk/54004,news,the-mole-will-gordon-brown-quit-for-a-global-economy-job-g20-politics

Sunday, September 27, 2009 12:56PM Report Comment
 

20. alan_540 said...

thanks for that quiet guy, the thought of Brown being put in charge of global economic stability is hilarious... a bit like putting a vampire in charge of the blood bank.

Sunday, September 27, 2009 01:32PM Report Comment
 

21. clockslinger said...

No surprises here. Percieved problem? Get busy legislating again. Worked on the publics fear of terrorism and paedophillia, should work on their fear that we are irresponsible and profligate, err, shouldn't it?

Sunday, September 27, 2009 01:50PM Report Comment
 

22. icarus said...

When US banks failed did that make it impossible for people to get cash out of cashpoints, did all local businesses fold, were there local and regional Armageddons? Krustyate - that's the point - banks shouldn't be too big to fail.

Sunday, September 27, 2009 06:07PM Report Comment
 

23. Bear Of Little Brain said...

alan said, "a bit like putting a vampire in charge of the blood bank".

Of course, they already are. Bliar working for JPM after his wonderfully productive Middle East peacemaker job? I'm still puzzling over GB's "decision" to give the (nationalised ??!!) BoE its independence. What was that about?
Just another NWO puppet, I guess.

Sunday, September 27, 2009 07:14PM Report Comment
 

24. inbreda said...

17. alan_540

...yeah - it's as absurd as putting a war criminal christian nutcase in charge of middle east peace!

..oh. Hang on...

Sunday, September 27, 2009 07:30PM Report Comment
 

25. hpwatcher said...

Mr Brown says in today’s interview that he is not afraid to take “difficult decisions” and adds: “So we will take the right decisions and I think people will see that we will invest for the future within sustainable public finances.”

Why now? You never have done before you silly man. Why should we believe that you can now?


Gordon Brown has NEVER taken the tough decisions; everything that comes out of his mouth is absolute lies.

Sunday, September 27, 2009 07:51PM Report Comment
 

26. alan_540 said...

hpwatcher - Couldn't agree more. The guy is completely shameless.

Sunday, September 27, 2009 08:02PM Report Comment
 

27. Mark Wadsworth said...

@ britishblue "If the banks in England hadn't been bailed out we would have had Armageddon. Two major high street banks would have gone and businesses wouldn't have been able to operate."

That is quite simply not true. The day-to-day operations like running bank accounts, BACS, Direct Debits and Standing Orders, cash machines and so on has nothing to do with the credit bubble. Take for example, the B&B, their whole day-to-day banking operations were handed over to Santander over the weekend and nobody noticed a thing. The fact that shareholders and bondholders in B&B lost a shedload of money is of no concern to regular customers.

Sunday, September 27, 2009 10:05PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies