Don't forget £200 of Primark vouchers if you breast feed your child

In fairness, the Conservatives themselves are [url=http://www.buzzfeed.com/jimwaterson/6-speeches-the-conservatives-dont-want-you-to-seecutting quite a lot at the moment....[/url

Oh dear, oh dear.

Thanks for that: bookmarked.

This goes into a little more detail on Gidiot's speech:

Look at the date on that article - September 3rd 2007 - note the phrase "writing in todays Times..."

George Osborne wrote that article, pledging to increase spending on public services on the presumption that the economy was "growing faster than public spending" just ELEVEN DAYS before Northern Rock sought liquidity support from the Bank of England.

If ANYONE is still in any doubt that the country is led by idiots, chancers and con artists then this should finally put those doubts to rest - Osborne is not alone in this however, NONE of our politicians saw what was coming on September 14th of that year and even as the board of Northern Rock were turning their pockets out and tearing the back off the settees for one final search for a bit more cash, our great leaders were contentedly making plans, nay, trying to outbid each other with their plans, for extravagant public spending on the strength of this great economy that they'd helped to build with their policies.

[url=https://twitter.com/DeanBaker13This bloke did see what was coming – an economist, he was out by about one quarter on saying when the crash would come.[/url

Lucky guess (like the "financial advisers" who predict interest rate rises every quarter), or just sidelined for convenience ?

He'd been warning about the bubble/crash since around 2002, IIRC.

I heard him speak a couple of years ago. He's respected, but not 'in with the boys' so to speak, and one whose comments often lead to other economists, plus politicians, putting fingers in ears and going: 'lalalalalalalala' etc.

So he was warning about a crash for five years before it happened ?

Let me start predicting here and now that there will be another financial crash just like the one in 2007/08 at some point in the future, I'll repeat this prediction four times a year until it becomes true.

Meantime, there will be another natural disaster like the typhoon in the Philippines, some time...

It hardly takes a rocket scientist to see that there's another bubble/crash coming, since none of the conditions that caused the 2008 crash have particularly altered, but since most economists and politicians don't seem capable of seeing it or don't want to see it, a sane voice is welcome.

After all, you would think, wouldn't you, that no government would actively contribute taxpayers' cash toward another housing bubble?

Absolutely, but its ok because thats not what they are doing, they've called it a different name and so its all ok.

Truth is that without the money going around in circles then no-one makes any more money, so it goes around and around again and again and then it goes "pop" again like endless games of musical chairs where some kids get hurt and some kids get all the prizes.

Aye.

Mind, on only a slightly different note, it's wryly amusing to see some economists and commentators, in the last few years, finding themselves musing that, after all, Marx might not have been entirely wrong.