FORUMS > The Sin Bin > No More Arguments: Austerity is Working! |
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| Quote: Mintball "Fair enough. Thank you for at least admitting that you haven't the brain power to deal with serious subjects in detail and are not even bothering to make an effort.
Jesusingwept.
Getting past your grammar lesson while making up words for a moment, when was the recession after the one around 2008/9?
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| Quote: BobbyD "Getting past your grammar lesson while making up words for a moment, when was the recession after the one around 2008/9?'"
The first of the most recent recessions kicked in in 2008, as a direct consequence of the actions of big finance. That's why it was a global recession.
However, by 2010, we (the UK) were moving out of it and into growth, albeit slowly.
Subsequently, as a direct consequence of the government's policies, we moved back into recession and away from growth.
These are facts.
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| Quote: Ajw71 "Richard Littlejohn wrote about immigration once. That's a serious subject as well.'"
So little Ajw71 can't think of anything to say on his/her own, but to invoke Littlejohn.
Oh, how good that looks!
Not.
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| Quote: cod'ead "Economist David Blanchflower
Even our right-wing muppets should be able to follow this'"
Indeed he has, this is because politicians have a habit of making predictions based on nothing more than what sounds great at the minute. They never have the nous to understand that trying to predict what will happen when there's so many variables to take into account is a futile exercise. If you believed the left then you'd have expected to be sitting in a barren wasteland where the weak were being picked off by snipers to feed the rich, but that hasn't happened either. I've reached a conclusion that anyone who went to university and studied economics should really ask for their money back.
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| Quote: Mintball "The first of the most recent recessions kicked in in 2008, as a direct consequence of the actions of big finance. That's why it was a global recession.
However, by 2010, we (the UK) were moving out of it and into growth, albeit slowly.
Subsequently, as a direct consequence of the government's policies, we moved back into recession and away from growth.
These are facts.'"
Seeing as a recession is defined as two consecutive quarters of negative growth and there has been not two such consecutive quarters of negative growth during the coalition's time in office you are quite simply, wrong.
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| Quote: Mintball "The first of the most recent recessions kicked in in 2008, as a direct consequence of the actions of big finance. That's why it was a global recession.
However, by 2010, we (the UK) were moving out of it and into growth, albeit slowly.
Subsequently, as a direct consequence of the government's policies, we moved back into recession and away from growth.
These are facts.'"
The UK definition of a recession is 2 successive quarters of negative growth, this hasn't happened since 2009. There was no double dip. It's not me saying so, but the ONS. Now, they could be a shadowy right wing cabal hell bent on twisting the facts to suit their Tory overlords but I'll take my chances.
Just as a matter of interest, which government policy/policies in particular caused your recession?
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Anyone who doesn't think Osborne has done a good job should take a look over the Channel at France and see what we could have become. An economic basket case being crippled by socialism.
www.bbc.co.uk/news/business-25402881
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Anyone who doesn't think Osborne has done a good job should take a look over the Channel at France and see what we could have become. An economic basket case being crippled by socialism.
www.bbc.co.uk/news/business-25402881
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| Quote: Ajw71 "Anyone who doesn't think Osborne has done a good job should take a look over the Channel at France and see what we could have become. An economic basket case being crippled by socialism.
You give MP's far too much credit, if, in 2010, Osborne had gone and sat in a dark room and did precisely bugger all then we'd still see a recovery, we couldn't say if it'd happen sooner or later, but it would have happened.
As I asked Mintball, what policy/policies did Osborne introduce to see the current improvement.
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| Quote: Ajw71 "Anyone who doesn't think Osborne has done a good job should take a look over the Channel at France and see what we could have become. An economic basket case being crippled by socialism.
Which aspects of Socialism are crippling the French economy?
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| Quote: BobbyD "
As I asked Mintball, what policy/policies did Osborne introduce to see the current improvement.'"
One key one, which I will give them a pinch of credit for, is the government guarantee to home loan providers for first time buyers of up to 15%, effectively opening the vaults and doling out loads more cash - albeit not having to spend actual cash just yet but effectively tying it up - to start the housing market rolling again.
On the downside its not a unique concept to the coalition, has been done in the past to similar success, they were asked time and again to consider this tactic but refused, and basically means they have spent their way out of a building trades disaster - so successful was it initially that they've now had to apply the brakes - the first quarter of next year will be very interesting.
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| rlhttps://www.bbc.co.uk/news/business-23079082rl
I loved this news story when it was first released and I love it again upon re-reading, its got all the hallmarks of the re-writing of the history books by the victors.
Fortunately enough people swallow the newsfeeds without question to allow it to pass into the history books unhindered.
Give it a few more years and it will all be the Jews fault again.
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| Quote: BobbyD "The UK definition of a recession is 2 successive quarters of negative growth, this hasn't happened since 2009. There was no double dip. It's not me saying so, but the ONS. Now, they could be a shadowy right wing cabal hell bent on twisting the facts to suit their Tory overlords but I'll take my chances.
Just as a matter of interest, which government policy/policies in particular caused your recession?'"
I don't have a personal recession.
Do you?
The double dip was "revised away", as the story that Jerry linked to illustrates.
The economy was in growth in 2010. The policies of the incoming government put paid to that and sent the country back into recession.
As we've also seen and discussed here, the issue of underemployment is one of the most crucial in terms of asking whether the recovery is really that great – or certainly whether it's having any benefits for most people.
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| Quote: Mintball "
The double dip was "revised away", as the story that Jerry linked to illustrates.
'"
Not only did they re-write the stats FIFTEEN months later (it normally only takes six months for the ONS to get its revised figures together) but at the same time they also went back FIVE YEARS to re-write the stats for 2008 to make that recession look worse - that has to be unprecedented surely ?
Unprecedented in the action of revisiting those statistics over that time period (who ordered this to happen ?) but also unprecedented in assuming that the public are dumb enough to nod wisely and swallow the rhetoric that "None of this is our fault".
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| On a slightly different note – but Jerry has raised the issue of undermployment/casualisation anyway – rlthe Scrooge employer that refuses to pay the national minimum wage, charges his staff 17,000% APR for loans on petrol to get between jobs, 'rents' them company cars at £128 a month because they're not paid enough to buy one and then takes hundreds of pounds from their wages if they're in a road accident where they're not to blame.rl
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| Quote: Mintball "On a slightly different note – but Jerry has raised the issue of undermployment/casualisation anyway – rlthe Scrooge employer that refuses to pay the national minimum wage, charges his staff 17,000% APR for loans on petrol to get between jobs, 'rents' them company cars at £128 a month because they're not paid enough to buy one and then takes hundreds of pounds from their wages if they're in a road accident where they're not to blame.rl'"
Having run my own business I'm always prepared to consider the business perspective in issues like this - but frankly if half of what Unison have found is true then the owner of this business does not deserve employees and the contracting authorities should be having a stern word with him for if strike action is called it will affect thousands of elderly and infirm across their regions for what is very clearly a bad employer - there's no excuse.
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