Poll: *** 2010 General Election Result & Discussion ***

[The Mad Rapper]

I've said it already, but I would love to see Clegg as home secretary (one of the positions apparently offered). After the authoritarian Labour ones, it would be fantastic to have a liberal home secretary, and it would also be the home secretary's job to drive electoral reform...

I'm still mulling this over, but it has to be the way forward. Another GE is going to cause so many problems, especially financially. Apparently we are due to present another £2 Billion worth of bonds to the market next week - investors are going to want a higher return on any bond investment if they perceive the Government is weak. Then of course there is the issue of the general performance of Sterling in the money markets, a lot is at stake.

 

[meghatronic]

http://www.guardian.co.uk/business/2010/may/09/alistair-darling-eu-rescue-plan

Darling seems set to help with establishing a safety net for Greece before the markets effect other nation-states within the coming weeks.

Worrying times. Treasonous if he allows British money to prop up the Euro. Let it implode - we knew it would happen.

shouldn't this be in http://forums.overclockers.co.uk/showthread.php?t=17716675[/URL

You found me out

 

[The Mad Rapper]

Worrying times. Treasonous if he allows British money to prop up the Euro. Let it implode - we knew it would happen.

Can it implode? Not as in have it's value fall through the floor, because obviously that can happen to any currency, but can it fail completely forcing member states to re-implement their previous currencies? I am sure I heard something on Radio 4 last week saying that couldn't happen.

 

[Nix]

I don't think it's that simple meghatronic. If the Euro implodes, we'll be far worse off than a measly £10bn. It could easily create a much deeper recession on top of the current one.

 

[stockhausen]

... Cameron did as good as he realistically could. ...

It seems that many Tories don't share your unbridled admiration for Cameron:

As Conservative critics of David Cameron break cover this weekend, they are expressing long-held grievances and an anger only the prospect of power kept in check. Frustration with Cameron's leadership style – particularly his use of a tight inner circle that rarely seeks advice outside – has simmered for years. More recently there has also been a suspicion among MPs and the party at large that many of the policy messages this circle promoted, especially those that culminated in the idea of a big society, were too vague to convince voters. MPs and front benchers who felt excluded were loath to express their discontent while the party was ahead in the opinion polls and heading for what looked like a clear election victory. Now that the party has fallen short of that goal, however, the resentments are beginning to boil over and could hinder Cameron's attempts to form a coalition. (The Grauniad)

 

[RDM]

I don't think it's that simple meghatronic. If the Euro implodes, we'll be far worse off than a measly £10bn. It could easily create a much deeper recession on top of the current one.

It isn't £10bn though, it is £10bn per £100bn. Basically 10% of the entire fund value, however much that needs to be. This is to prop up a currency we are not even in. The liabilities for propping up Greece, Portugal, Ireland and Spain could make the bank bailout look like pocket change.

 

[Dolph]

It seems that many Tories don't share your unbridled admiration for Cameron:

And Labour MPs are calling for Brown's head already.

Once again, the Guardian is in overdrive after it's position backfired as it was based on the false idea that new labour is progressive.

They are currently trying to do their best murdoch style smears to get a lib/lab coalition of losers formed despite it not being what the country wants or what makes any sense on the actual issues and manifestos.

 

[meghatronic]

It seems that many Tories don't share your unbridled admiration for Cameron:

Non sequitur. Cameron did as well as he realistically could, bar the UKIP problem.

I don't think it's that simple meghatronic. If the Euro implodes, we'll be far worse off than a measly £10bn. It could easily create a much deeper recession on top of the current one.

If Britain bails out the Eurozone*, I would expect a lot in return. The liklihood is the debts will default, so it isn't a financial gain.

Something like an EU Security Council, with Britain, German and France and one rotating. Or EU returns powers back to Britain (cf. the floating 'Tory' letter). Either way, if we take this lying down we're morons. It's immoral.


* let's face it. It will. I suspect it will get okayed by the incumbent monkeys, to poision the chalice further.

Can it implode? Not as in have it's value fall through the floor, because obviously that can happen to any currency, but can it fail completely forcing member states to re-implement their previous currencies? I am sure I heard something on Radio 4 last week saying that couldn't happen.

Greece has apparently been considering it. A quick search reveals Portugal and Ireland have been having similar thoughts. With the aim to devalue their own currency. Or Germany, with the aim of avoiding the debt!

 

[Andy_82]

It isn't £10bn though, it is £10bn per £100bn. Basically 10% of the entire fund value, however much that needs to be. This is to prop up a currency we are not even in. The liabilities for propping up Greece, Portugal, Ireland and Spain could make the bank bailout look like pocket change.

Yes, but if it is not done the consequences will be devistating, the financial system is still very fragile. It would be a rerun of the credit crunch on a much bigger scale. Although a bail out could very well just be delaying the inevitable.

 

[Nix]

It isn't £10bn though, it is £10bn per £100bn. Basically 10% of the entire fund value, however much that needs to be. This is to prop up a currency we are not even in. The liabilities for propping up Greece, Portugal, Ireland and Spain could make the bank bailout look like pocket change.

Well, still. It's the lesser of two evils.

We either prop-up Greece and prevent a further run on the markets and economical positive-feedback, or we can watch as other states slowly collapse around us, which doesn't take a genuis to understand the implications of.

If sub-prime mortgages in America managed to cause a recession of this magnitude, what will the complete collapse of on of the world's major trading blocs do?

 

[Nzyme]

Does everyone wanting PR value a fairer electoral system over a strong, stable government ?

 

[Slam62]

David Cameron was facing a growing backlash from his own MPs and party grandees today over the conduct of an election campaign.

The Observer can reveal that Lord Ashcroft, who pumped £5m into marginal seats, is furious with the Tory leader for having agreed to take part in television debates that he believes undid much of his work for the party.

Friends of Ashcroft also say the peer is angry because he believes Cameron failed to stand up for him properly in the row over his "non-dom" tax status, which harmed the Tories in the run-up to the election.

Today, one senior frontbencher rounded on the Conservative leader, demanding that he sack key figures involved in the campaign, including the man who ran it (Steve Hilton), George Osborne, the shadow chancellor. The frontbencher said: "He ran his campaign from the back of his Jaguar with a smug, smarmy little clique – people like Osborne, [Oliver] Letwin and Michael Gove. He should get rid of all of them. The party will settle for nothing less."

Another senior and normally loyal Tory MP complained that Cameron's big idea for the campaign – "the Big Society", under which armies of volunteers would come together to tackle the country's ills – was "complete crap".

taken from another forum

 

[Dolph]

Non sequitur. Cameron did as well as he realistically could, bar the UKIP problem.


If Britain bails out the Eurozone, I would expect a lot in return. The liklihood is the debts will default, so it isn't a financial gain.

Something like an EU Security Council, with Britain, German and France and one rotating. Or EU returns powers back to Britain (cf. the floating 'Tory' letter). Either way, if we take this lying down we're morons. It's immoral.


Greece has apparently been considering it.

As has Germany, both them leaving or kicking greece out.

 

[meghatronic]

Well, still. It's the lesser of two evils.

We either prop-up Greece and prevent a further run on the markets and economical positive-feedback, or we can watch as other states slowly collapse around us, which doesn't take a genuis to understand the implications of.

If sub-prime mortgages in America managed to cause a recession of this magnitude, what will the complete collapse of on of the world's major trading blocs do?

Then why can't the IMF get involved? Or a global effort if not that? It would effect America as much as the UK I'm sure.

I fail to see why we should be bullied.

As has Germany, both them leaving or kicking greece out.

Yeah, I found a few more, as edited.

 

[Dolph]

taken from another forum

Which is in turn another quote from a guardian article...

 

[RDM]

Yes, but if it is not done the consequences will be devistating, the financial system is still very fragile. It would be a rerun of the credit crunch on a much bigger scale. Although a bail out could very well just be delaying the inevitable.

And that is the main issue. What if the bailout doesn't work at all? We spend billions and the euro still goes down the pan. That way we are in an even worse situation. Outside of that there is the whole idea of principle where it should be the eurozone countries that back up the euro.

 

[Nix]

Can it implode? Not as in have it's value fall through the floor, because obviously that can happen to any currency, but can it fail completely forcing member states to re-implement their previous currencies? I am sure I heard something on Radio 4 last week saying that couldn't happen.

Yes, it could implode: a run on the markets here would in turn affect the international markets as the Euro/EU are one of the largest in the world. A run on the markets would lead to a spiral of decline, exacerbating itself and quite likely leading to high inflation, and increased unemployement, etc. Thankfully, I don't see protectionism measures being implemented because of the EU, but I do predict some states trying, which historically has always caused further problems.

As for the complete collapse of currency? That's hard to say. The IMF exists to help prevent such occurances, but its pockets aren't infinite, and sometimes the policies it demands in exchange for the money given don't always help for the best.

 

[meghatronic]

Which is in turn another quote from a guardian article...

And completely irrelevant. People always hate their leader - it's part of the hierarchy!

 

[Sankari]

And Labour MPs are calling for Brown's head already.

Once again, the Guardian is in overdrive after it's position backfired as it was based on the false idea that new labour is progressive.

They are currently trying to do their best murdoch style smears to get a lib/lab coalition of losers formed despite it not being what the country wants or what makes any sense on the actual issues and manifestos.

Are we reading the same newspaper? The Guardian openly supported the Lib Dems throughout this election.

General election 2010: The liberal moment has come

If the Guardian had a vote it would be cast enthusiastically for the Liberal Democrats. But under our discredited electoral system some people may – hopefully for the last time – be forced to vote tactically.

Citizens have votes. Newspapers do not. However, if the Guardian had a vote in the 2010 general election it would be cast enthusiastically for the Liberal Democrats. It would be cast in the knowledge that not all the consequences are predictable, and that some in particular should be avoided. The vote would be cast with some important reservations and frustrations. Yet it would be cast for one great reason of principle above all.

After the campaign that the Liberal Democrats have waged over this past month, for which considerable personal credit goes to Nick Clegg, the election presents the British people with a huge opportunity: the reform of the electoral system itself. Though Labour has enjoyed a deathbed conversion to aspects of the cause of reform, it is the Liberal Democrats who have most consistently argued that cause in the round and who, after the exhaustion of the old politics, reflect and lead an overwhelming national mood for real change.

 

[Nix]

Then why can't the IMF get involved? Or a global effort if not that? It would effect America as much as the UK I'm sure.

I fail to see why we should be bullied.


Yeah, I found a few more, as edited.

The chances are the IMF are involved. The austerity measures which Greece are currently complaining about are highly likely to be directed by the IMF themselves.

The EU managing to fix this crisis however, sends a very strong political and economical message to the rest of the world. It breeds confidence, rather than disillusionment and in turn protects our local markets.