The labour Leader thread...

sityeuropa said:
I hope Corbyn gets in :) From a conservative supporter.

Seriously you guys want this lunatic running the country? Spending before thinking and who would sink the country to Greece levels.
Click to expand...

The UK has its own currency so it is literally impossible for it to be in a situation similar to that of Greece.
 
OldCoals said:
This will be Owen Jones who is now part of the 1% her derides after selling books to the value of £1.7 million attacking the establishment and those 1%

The Owen Jones that lambastes tax avoidance yet takes a fee from a newspaper that aggressively avoided tax.

The Owen Jones that helped to whip up the people of Greece in to a Frenzy and we have all seen how that panned out.
Click to expand...

scorza said:
No not him, the other one.
Click to expand...

:D
 
sityeuropa said:
I hope Corbyn gets in :) From a conservative supporter.

Seriously you guys want this lunatic running the country? Spending before thinking and who would sink the country to Greece levels.
Click to expand...

Another Tory worried by Corbyn :D

The lady doth protest to much!
 
The thing I don't get is, the fear about his economic policies.

He's not suggesting huge borrowing & creating needless debt. His main thrust is to invigorate growth by funding high tech manufacturing, the diversification of our industry, boost exports & expand our infrastructure. He isn't of the ilk to create meaningless & unproductive levels of middle management in the public sector, these were never his policies but more New Labour.

All of these things are textbook economics & supported by many nobel prize winning economists.

His appeal is wider than the traditional Labour voters, it's many of the SNP, UKIP (who want a straight talking politican), Green party & none voters.
 
Last edited:
elmarko said:
The thing I don't get is, the fear about his economic policies.

He's not suggesting huge borrowing & creating needless debt. His main thrust is to invigorate growth by funding high tech manufacturing, the diversification of our industry, boost exports & expand our infrastructure. He isn't of the ilk to create meaningless & unproductive levels of middle management in the public sector, these were never his policies but more New Labour.
Click to expand...

Last time i saw him interviewed, he was suggesting that QE money shouldn't be "given" to banks to "do what they will", but it should be used to finance public investment. So called 'People's Quantitative Easing'.

That alone expresses such a breathtaking degree of economic illiteracy, that it's almost impossible to take the man seriously, even if he may have a few good ideas.
 
Last edited:
Stretch said:
Last time i saw him interviewed, he was suggesting that QE money shouldn't be "given" to banks to "do what they will", but it should be used to finance public investment.

That alone expresses such a breathtaking degree of economic illiteracy, that it's almost impossible to take the man seriously, even if he may have a few good ideas.
Click to expand...

Go on then, explain what's wrong with it. (BTW, that's part of Richard Murphy's argument)
 
robgmun said:
Oh dear, you lot don't even realise you're digging you're own grave with a wooden spoon :D

Please, by all means vote for JC, just don't expect to get even a whiff of power before 2025 at the earliest :cool:
Click to expand...
How did your UKIP do again in the last election?. :cool:

Going by your previous predictions it's looking like a Labour landslide in the next election. :)
 
Last edited:
Stretch said:
Last time i saw him interviewed, he was suggesting that QE money shouldn't be "given" to banks to "do what they will", but it should be used to finance public investment. So called 'People's Quantitative Easing'.

That alone expresses such a breathtaking degree of economic illiteracy, that it's almost impossible to take the man seriously, even if he may have a few good ideas.
Click to expand...

if the money is given to the people then more money in circulation, but then you'll need to worry about the velocity of money that switch hands. If done in the right way it could be beneficial to the public, giving money to banks allows them to use it to make even more money pushing the cost of commodities up.
 
Mr Jack said:
Go on then, explain what's wrong with it. (BTW, that's part of Richard Murphy's argument)
Click to expand...

There are so many things wrong with it, it's difficult to know where to start.

One of the most compelling arguments against "Peoples QE", is it's too late. The BoE is looking to tighten monetary policy, and further QE of any sort is off the table.

That's before you look at the slightly emotive and completely erroneous way Corbyn phrased his argument.

The money isn't "given" to banks. The banks (or other institution) give the BoE non liquid assets in exchange for the money. It's not free. Critically, that means it's easily and controllably reversible.

Peoples QE is just more government debt under different name, and different balance sheet.
 
Last edited:
elmarko said:
How did your UKIP do again in the last election?. :cool:
Click to expand...

Frankly myself and 4 MILLION have a clear conscience voting UKIP seeing what's going on with the migrate problem and Europe, we're going to be proved right once again. But that's for another thread
 
amigafan2003 said:
Sounds like you're trying to persuade yourself that's true.
Click to expand...

To be honest is sounds like you're trying to persuade yourself that somehow the UK is waiting for a hard left leader to vote for when in reality (and history) when Labour goes to the left they become unelectable. You won't see it through even when you lose the 2020 election, you'll make up some other excuse, so to debate you seems rather pointless.
 
Last edited:
robgmun said:
To be honest is sounds like you're trying to persuade yourself that somehow the UK is waiting for a hard left leader to vote for when in reality (and history) when Labour goes to the left they become unelectable. You won't see it through even when you lose the 2020 election, you'll make up some other excuse, so to debate you seems rather pointless.
Click to expand...

Hard left lol.

I suppose from where you stand most people must look hard left!
 
Last edited by a moderator:
robgmun said:
Frankly myself and 4 MILLION have a clear conscience voting UKIP seeing what's going on with the migrate problem and Europe, we're going to be proved right once again. But that's for another thread
Click to expand...
How many seats did you win again?, obviously you will get some votes appealing to the lowest common denominator.

Also I find it amusing when people describe investing in infrastructure & high tech manufacturing (as opposed to just finance) as being hard left. If you view his stance of nationalising industries in which the government covers the systemic risk then you will be saddened to realise that a majority of the population are hard left in this regard.

Rail ownership is very common globally & supported by many on the traditional right also.

Support levels for Corbyn policies - cross party.
http://www.independent.co.uk/news/u...most-people-actually-agree-with-10407148.html
 
Last edited:
Stretch said:
One of the most compelling arguments against "Peoples QE", is it's too late. The BoE is looking to tighten monetary policy, and further QE of any sort is off the table.
Click to expand...

Maybe, but inflation is currently sitting around 2% lower than target (and even that target is probably too low) and with the rumbles coming from the Chinese economy it's likely another recession is in the brewing. By 2020 we may be asking how to generate a recovery from a entirely different recession.

Peoples QE is just more government debt under different name, and different balance sheet.
Click to expand...

No, like QE, it's based on printed money. There's no net increase in debt.
 
You must log in or register to reply here.
Back
Top Bottom