The labour Leader thread...

[silversurfer]

Labour should have run a surplus but they upped spending and continued a deficit which is a problem later on and they are still insisting we must spend more now. It has to be balanced even by their own school of thought and they lack that concept or discipline apparently

Im not sure a conservative government or liberal even would have run a surplus, its a modern phenomena to continually build debt. Also USA takes the stance to shortern debt terms as this is cheaper to finance however it leads to the possibility of insolvency in government finance (1yr vs 10yr are far less) what most might call broke. Greece or the banks in 2008 had long term debt financed short term. The present government has not copied usa on this afaik but mostly they are not much good either.

In 2008 HBOS had 1 year to refinance 150bn of debt, they failed to do so without extreme help, that was basically the crisis and the same scenario applies to governments across the world now. Im told the IMF will be lender of last resort on the next occasion (issuing SDR 'virtual' money), in the 1970's as mentioned UK took this option which effectively is there to stop people starving. In a 1st world country thats a total failure of policy


http://www.publications.parliament.uk/pa/jt201213/jtselect/jtpcbs/144/14409.htm

 

[elmarko]

Reading up on James Callaghan's government is a good start.

Labour didn't cause the crash but their profligate borrowing - seemingly gambled on the fallacy of infinite growth - didn't help matters.

So you think Georges Osborne has handled the economy well then?.

If we are going back in time to display Labour mismanagement do we look at our Georges performance?, how about Black Wednesday?. Or are we selective in application for the blame of economic mismanagement when it suits our own political agenda?.

 

[MrMoonX]

Because the poor and disabled got a such a good deal under the last Labour government.

Oh wait...

my point exactly the last labour cabinet was tory-lite, this one isn't

im not a labour party member, but Corbyn is so different and can strike a cord with the average person, something the blairite oxbridge tories couldn't

 

[Terminal_Boy]

my point exactly the last labour cabinet was tory-lite, this one isn't

im not a labour party member, but Corbyn is so different and can strike a cord with the average person, something the blairite oxbridge tories couldn't

He's certainly different, but most average people realise that it's 2015, not 1975.

 

[Slam62]

Corbyn will never be prime minister, just look at the shadow cabinet, unelectable.

 

[Mr Jack]

Yes we should have borrowed more. Of course.

In case you hadn't noticed, Osborne completely and utterly failed to eliminate the deficit in the last parliament. We're borrowing anyway. It's just that instead of borrowing to invest for the future, improve the country and stimulate growth we're borrowing to give tax cuts to the wealthy and paper over Osborne's failure to cement the recovery he inherited.

Plus where on earth did you get that figure from?

3-4% of GDP, heavily rounded. The IMF and the OBR both give similar figures under varying degrees of wrapping.

 

[Naff8000]

my point exactly the last labour cabinet was tory-lite, this one isn't

im not a labour party member, but Corbyn is so different and can strike a cord with the average person, something the blairite oxbridge tories couldn't

He's been around for donkeys years though. Plus it's Blair's 'center' policies that attracted the votes. People may never want to hear of Blair and his ilk again but that doesn't equate to shifting to the left.

 

[Mr Jack]

Labour should have run a surplus but they upped spending and continued a deficit which is a problem later on and they are still insisting we must spend more now. It has to be balanced even by their own school of thought and they lack that concept or discipline apparently

Debt-to-GDP was lower in 2007, prior to the crash, than it was in 1997. Labour did undertax slightly more in 2004-2007 than they should have but it would have made very little difference - we'd taking about maybe a 2 percentage point difference in the debt-to-GDP in 2010.

The bigger problem was the continuation of Thatcherite economic policies leading to the crash and the massive bailout of the banks. For that they deserve just blame; but the Tories would have been much worse. Just be thankful that Osborne and Cameron never got to deregulate the banks as much as they wanted though! In 2007 they were calling for banks to be freed from regulation while touring the US to praise sub-prime mortgages and wonder how we might have more of that over here.

 

[Terminal_Boy]

Corbyn will never be prime minister, just look at the shadow cabinet, unelectable.

One does wonder who a rational and reasonable Labour supporter might vote for at the next GE even the utter lack of appeal and credibility of this lot.

 

[No1newts]

Poor bloke can't even pick his cabinet without everyone, including his own supporters slamming him

Women hate him, everyone on the political spectrum apart from commies hate him, the general Union secretary hates him, half his parlimentary party hates him, give him a month and he'll probably hate himself for taking the job

I'm already kind of feeling sorry for him!

 

[Terminal_Boy]

Poor bloke can't even pick his cabinet without everyone, including his own supporters slamming him

Women hate him, everyone on the political spectrum apart from commies hate him, the general Union secretary hates him, half his parlimentary party hates him.

I'm already kind of feeling sorry for him!

On the contrary, us Old School Tories thing Corbyn is fantastic as he makes Labour unelectable.

Can't wait to see him in action during PMQs!

 

[Neil79]

http://www.breitbart.com/london/201...y-of-women-jews-and-free-speech-abandon-ship/

LABOUR TO UKIP DEFECTOR: CORBYN IS AN ENEMY OF WOMEN, JEWS, AND FREE SPEECH… ABANDON SHIP!

 

[MrMoonX]

On the contrary, us Old School Tories thing Corbyn is fantastic as he makes Labour unelectable.

Can't wait to see him in action during PMQs!

He's already said he's not going to play camoron's petty games at PMQs, I've yet to see camoron answer a question, which is the whole point of it!

 

[silversurfer]

http://www.bbc.co.uk/newsbeat/artic...niel-radcliffe-charlotte-church-russell-brand

 

[No1newts]

I don't get the obsession with linking a celebrity with a politician. X random celeb has endorsed him, ok.... And the point of that is? More garbage reporting.

 

[fs123]

http://www.breitbart.com/london/201...y-of-women-jews-and-free-speech-abandon-ship/

Serious question..You believe all the BS from this Zionist site?

 

[Terminal_Boy]

I don't get the obsession with linking a celebrity with a politician. X random celeb has endorsed him, ok.... And the point of that is? More garbage reporting.

It let's the Twitterati know how to follow.

 

[DIABLO]

http://www.breitbart.com/london/201...y-of-women-jews-and-free-speech-abandon-ship/

He looks a right scruff at least wear a jacket that fits..

 

[Dimi]

It let's the Twitterati know how to follow.

Get used to it , mainstream media's reach is being eroded by social media.

They don't like it, but they can't do anything about it. Which is absolutely brilliant for those who don't consume that form of propaganda.

 

[Von Smallhausen]

So you think Georges Osborne has handled the economy well then?.

Better than a Labour chancellor would have I suspect but he's the best of a bad bunch. That said, show me any chancellor or politician that could eliminate a £180b deficit without savage cuts.

If we are going back in time to display Labour mismanagement do we look at our Georges performance?, how about Black Wednesday?. Or are we selective in application for the blame of economic mismanagement when it suits our own political agenda?.

An utter shambles, no argument there but - to stick with mismanagement - no begging bowl was presented to the IMF unlike the previous lot.

I don't say the above lightly as I live and work in the north east, an area the Tories give not a singles damn for and likely never will but the economy seems safer in their hands although the social destruction that goes with them is a tragedy.