Not this silly sound bite again. According to you anyone who passes a different opinion to you is either engaging in 'football supporter politics' or propaganda. Jeez give it a rest.

You know the bit about age and wisdom ?

We'll wait for you to catch up at the next service station in life.

You are good at sound bites but unfortunately not a lot else.

At no point have I said social housing is wrong.

There is no subsidy. Seems quite smart to me. Government provides capital in far smaller amounts than it would were it to invest in social housing stock. This money isn't lost, it's secure & will not suffer from inflationary pressures.

There is no ongoing capital cost. Once any property is sold, HMG gets it's index linked money back. It's also the preferential creditor should any mortgage be defaulted upon.

The house building market is kick started, safely.

None of his rank alongside 'No more boom & bust'

:wmsomba6
"Worded that wrongly"???? ... bloody hell, I'll say you did ... 100% wrongly


First you say he was wrong to take it away from the BoE.
Then, when you are told that he actually gave it TO the BoE ... suddenly that was the mistake instead.
Why don't you admit that it doesn't really matter who did what or when, that you don't actually require reasons, you just know that EVERYTHING was Brown's fault?

"completely ignored what was going on"? ... to have ignored it, he must have known about it ... so, go on then, you tell us what was "going on" and how he and the rest of the Western economies who spotted it too and "completely ignored" it



You see Sunshine, where he actually went wrong was not in [u:wmsomba6taking away[/u:wmsomba6 regulation (he didn't) but in [u:wmsomba6not tightening[/u:wmsomba6 the regulation that he inherited from the previous bunch of spivs.
(Here's your homework ... Google "Thatcher" and "Big Bang" and "deregulation" and see if you come up with "tighter regulation"icon_wink.gif.
The problem was actually that neither he [u:wmsomba6nor other Western governments[/u:wmsomba6 (or you ... or me) realised was the degree of inter-relation between banks and financial institutions even in different countries.
The banks etc were busily trading in financial instruments which were basically packaged turds, the contents of which governmental agencies were, largely, unaware.
Whilst the FSA (for example) was busy looking at individual institutions, no-one noticed how hugely dangerous this inter-relation was (except the institutions themselves and they didn't actually care as it wasn't their own money they were gambling ... even to the point where Goldman Sachs Group sold $40bn of securities (containing sub-prime mortgages) [u:wmsomba6to its own clients[/u:wmsomba6 whilst, at the same time betting on a huge drop in the value of those securities. So, basically THEY KNEW they were selling turds ... to clients who paid them and trusted them).
Even the credit-rating agencies were giving this stuff top ratings.
But, I'm forgetting that this was obviously Gordon Brown's fault.



Of course, the Conservatives criticised him at that time for not [u:wmsomba6loosening[/uThe responsibility to act in the best interest of the economy by using interest rates to control the demand for lending...


Yeah, the average house price in the UK doubling in less than 3 years really was the fault of Lehmann Bros & nothing to do with the lenders de-regulated by Gordon Brown & the failure of the Chancellor to make sure interest rates rose to dampen down borrowing demand.

You know, that simple economic theory of supply & demand, so simple even Gordon couldn't follow it. Or his mate Ed.

But...but...but he did absolutely nothing wrong during his time as either Chancellor or PM.



These McBride revelations show just exactly who the nasty party really is.

Back on topic, the spare room subsidy is such a sound policy, even Ed M can't say he'll scrap it.

Can't make any decisions until we see the books. But we can spend the bankers levy ten times over, while we dream up a coherent, real life policy.

Keep those flags waving boys, only another 18 months and you can get out there with the clipboards and your "charlies uncle couldn't be d so he sent me" routine again ...

That's rich coming from an expert in battery-licking and shower water drinking

Don't you post about disliking propaganda every five minutes? Then you post that....

I'm told it's a different poster, I on the otherhand am not sure.

You know the thing about age and wisdom ?

The ability to differentiate between spoof and serious propaganda is one of the things that comes with the package, it must be like waiting for christmas for you.

But just to introduce the two Tory-Boys to debate, a novel idea I know but its where I ask the questions this time and you get to answer, what do you think of the Boris Johnson newspaper article that I linked to on the previous page...

Do you think he is correct, is Ed Milliband a furious and frothing Socialist ?

Do you also use the word "Socialist" as an insult, do you spit on the ground after saying it like Boris does ?

Do you think Tony Blair was a Socialist and if not can you recall a Labour leader who you would class as being Socialist, or are all members and representatives of the Labour Party one step away from Communists who wreak havoc upon worlds economies with outdated social reforms and ethos ?

Are the Tory Party right wing enough for you or would you like your pips squeezing even further ?

Do you regard paying income tax as a waste of your hard earned resources that are only used to support poor people in a life of idleness ?

With ages comes hypocrisy too I suppose? Like the hypocrisy to bleat on about football supporter politics and propaganda and then engage in the same at every opportunity yo get.

So do you answer questions or not ?

Fantastic.
Earlier in the thread you denied the effect of supply and demand on house prices.
You also said that Gordon Brown TOOK the control of interest rates away from the Bank of England.

Now that you have been told that you were 100% wrong on both of those facts, you now say that Gordon Brown should have kept that control (unlike any advanced economy in the Western world who entrust that control to a central bank) because you now grasp the effects of supply and demand (which previously you denied).

Any other aspects of elementary economics I can help you with?
e.g. Like the importance of starting from genuine facts ... rather than making stuff up to suit your ill-informed argument ... like your assertion that average house prices doubled in three years (utterly wrong), or that Gordon Brown deregulated the banks (also wrong).
The list of your really basic errors is getting longer and l o n g e r.

I note your habit of not answering questions and your preference to ask laughably more shallow ones (e.g. You haven't told us which [uspecific controls[/u Brown removed on banking but continue to insist that he did.).
I do understand how hard it must be for you to admit that a) You don't know or b) You were wrong (see the list) but if you just thought things through a little bit, it would save time all round and you wouldn't look quite as daft.
I don't know which fruitcake website you are getting all this rubbish from but I'd advise that you look further afield and maybe, just maybe, actually think it through rather than trotting it out here.

Oh, and please do try to grasp the use of the quote function ... it really is getting tiresome.

Your money in taxes being lent [uinterest-free[/u for the first five years isn't a subsidy?


The interest certainly is.


Remember, a moment ago you noted that low interest rates caused house-price inflation ... but now it's fine to lend up to 20% of the price at zero interest?
Blimey, Phil Bentham is more consistent.

Who said that?

Absolutely nobody.

But let's not allow a lack of facts to get in the way of yet another post that offers nothing whatsoever to support the ideology behind it.

He just has done

Well, it's ten past four ... school has kicked out, so I guess it depends if it's after-school football.
If it is, then he'll be having his tea and then it'll be homework ... you might not get an answer today.

To be fair, you won't stand a chance of an answer until he finds another new identity.

How about "I'll cut the deficit not the NHS"?

Even then the chances are slim.