Gordon Brown saves the world
- Thread starter Strife212
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It has always been like that in parliament, and why are the tories a laughing stock?
Soldato
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Bwhahahahahahahahahaahahahahah and hahahahahahaha!
Almost as many laughs as the next goverment were doing at brownoise' mistake
Yes, because the Goverment wrecked the economy, not the bankers
Well seen as Brown was chancellor of the exchequer for 10 years I think some of the responsibility lies with him.
Yes, because the Goverment wrecked the economy, not the bankers
Are you saying Brown played no part in morphing the economy into the shape it is now?
Soldato
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True, true. They're only human and everything (and I'd probably want react the same, although I'd like to think I would restrain myself) but watching that and then watching Cameron preaching about some random issue concerning the Government is jarring. They obviously don't take what Gordon Brown is saying seriously (unintentional blips or not) so why should I take what Cameron, or Osbourne is saying seriously?
Although, as I said, I'm no better, if I was Gordon Brown in that situation, I'd want to punch the Tories. I honestly haven't seen (or rarely see) school children react that badly to a teacher making a mistake when talking in class.
Yes, he did play a part. But so did Bush and America. So did everyone.
We all played a part because we all spent, spent, spent on credit. We can hardly blame everyone else and then additionally not look at our own failings. (Although, obviously the banks encouraged the members of the public to rack up large personal debts).
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Your complete lack of understanding disturbs me.
Man of Honour
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The so called Iron Chancellor spent 10 years taxing to the hilt, borrowing to the hilt ( after he abandoned Tory spending plans after a couple of years in power and the economy was in very good shape ) and pouring tax revenues into largely unreformed public services.
His 10 years of prosperity that he brags about was borrowing reckless sums of money and debt that was going to bite one day. And as for his brag of ending boom and bust ....... I leave that one to you to mull over.
Soldato
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Why? I know someone who was in £40K worth of debt. You're telling me that money magically appeared from no-where. Or more likely, the banks lent it all out, and he was unable to pay it all back.
Its called spending money that you don't have.
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Yes, I know all of this. Seen similar written on these forums. But we seem intent on blaming the politicians constantly. Weren't we too greedy too? Too many people with expensive cars bought on credit that they couldn't afford. (for example) Was that all really necessary?
People were borrowing for mortages way out of line with their annual wages, etc.
Well they are the people who we pay to run the country for us.
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lmao good old ali g
"r e s t e c p.... do u'z even know *** that meanz?"
Get ali g into goverment, he will sort this mess out lol
Soldato
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Yes, I know. I agree. I'm just trying to look at the other factors involved.
The credit crunch is a global issue. It clearly wasn't brought on entirely by Gordon Brown or British-based bankers.
George Bush's complete lack of responsibility was undoubtedly a major factor aswell, pushing up America's debt into untold trillions.
The main problem started with the American mortgage lenders giving loans to anyone and everyone who would take one.
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Well, exactly. So does this mean that in future we should take action to limit people's credit and loan capacities?
Bankers lending money to people who can't pay it back is mostly the banker's fault, but what about the inidividuals who take the bank's cash which they essentially view as free money? They're just as short-sighted in my view.
Maybe some (young mostly) people shouldn't be allowed to have credit cards with £10K limits and no checks into their annual wage, etc.
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And what did Tony Blair or Gordon Brown do to stem it ? Nothing.
They were happy to rake in Stamp Duty though.
Soldato
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Yes, I know they did nothing. The credit crisis has been reported about on the News incessently, its not like I'm oblivious to whats going on.
I am actually aware of the borrowing issues (the recent £12 billion to cover the 2.5% tax cut, etc.)
But its all people talk about. I'm 19, yet could easily walk into a bank and demand a credit card, yet I have no income (student). How is that right? I know better, but most people don't. There are plently of teenagers who think at their age credit cards are good things to have.
People should be educated at school better. People should be made more aware of what debt can do to them personally. Also, I do think that laws on people's borrowing should be tightened up but they should be taught that borrowing lots of cash to spend in shops isn't necessarily a good thing in the first place. There are social reasons aswell to why we now have a recession looming.
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I wasn't schooled in debt but grew up fiscally responsible. People should be intelligent enough to know when they can live within their own means and know what they can and cannot afford. It's called common sense.