Clegg and the economy : Fri Jan 25, 2013 11:56 am  

http://www.telegraph.co.uk/news/politic ... onomy.html Let's see ... Prior to the election, (similar to Labour) he took the view that the Tories would be cutting too far, too soon. After the election and having been offered the deputy PM job and after a little 20 minute chat with Mervyn King (who hadn't seen anything coming in the banking area), he had a Damascene conversion to the Tory view. Now he's having second (or should that be third?) thoughts. If only he had looked at The Sin Bin occasionally, he'd have realised that cutting too harshly would dent GDP badly.

http://www.telegraph.co.uk/news/politic ... onomy.html Let's see ... Prior to the election, (similar to Labour) he took the view that the Tories would be cutting too far, too soon. After the election and having been offered the deputy PM job and after a little 20 minute chat with Mervyn King (who hadn't seen anything coming in the banking area), he had a Damascene conversion to the Tory view. Now he's having second (or should that be third?) thoughts. If only he had looked at The Sin Bin occasionally, he'd have realised that cutting too harshly would dent GDP badly.

Re: Clegg and the economy : Fri Jan 25, 2013 12:39 pm  

Its fairly obvious to everyone now that most of the people currently in politics and/or banking/investment/finance have university degrees in politics/banking/investment/finance and have assmued some years ago that the text books and theories that they read at their universities were all that was required to run the world.

It fairly obvious to anyone by now who has any form of savings that doesn't just pay out a fixed percentage in interest (ie an old fashioned savings account) that the whole "investment" industry is based on sleight of hand, smoke and mirrors, and hidden weights and springs - and complete guesswork of course.

The shame of it is (and its their shame not ours) is that politicians look us straight in the eyes every four or five years and promise us that they have a fix to everything, that they know what they are doing and that its none of their fault when it all goes wrong - and we are all dumb enough to believe them.

Re: Clegg and the economy : Fri Jan 25, 2013 1:25 pm  

So GDP is down and we are going to have a triple dip.
Can anyone the but idiot's in charge or those that have swallowed all their spin be in the slightest bit suprised?

Cutting the manure out of a struggling economy will result in 1 thing and it isn't a reduction in deficit.

Oh and before the Tory boys start some of us (And Labour) said this would happen right from the start.

Re: Clegg and the economy : Fri Jan 25, 2013 1:27 pm  

defecit is down 25% and we're not in a triple dip, but crack on idiots.

Re: Clegg and the economy : Fri Jan 25, 2013 1:33 pm  

Standee wrote:

defecit is down 25% and we're not in a triple dip, but crack on idiots.

So you're confident that Q1 2013 will show positive growth figures are you? If it doesn't, then we are officially in a triple dip.

As it stands, we're more than likely in one but waiting for it to be confirmed.

Re: Clegg and the economy : Fri Jan 25, 2013 1:36 pm  

Andy Gilder wrote: So you're confident that Q1 2013 will show positive growth figures are you? If it doesn't, then we are officially in a triple dip. As it stands, we're more than likely in one but waiting for it to be confirmed. As this article says, the figures are meaningless. The economy is not in great shape though. http://www.cityam.com/latest-news/allis ... ucket-salt

Andy Gilder wrote: So you're confident that Q1 2013 will show positive growth figures are you? If it doesn't, then we are officially in a triple dip. As it stands, we're more than likely in one but waiting for it to be confirmed. As this article says, the figures are meaningless. The economy is not in great shape though. http://www.cityam.com/latest-news/allis ... ucket-salt

Re: Clegg and the economy : Fri Jan 25, 2013 1:39 pm  

Standee wrote: defecit is down 25% and we're not in a triple dip, but crack on idiots. It all depends on the numbers used. Using the current budget instead for the figures it actually comes out at around 9% http://fullfact.org/factchecks/budget_d ... rter-28563 With regard to the triple dip even a blind man can see where we are headed. So if you want top keep burying your head and being delusional go for it you Tory idiot.

Standee wrote: defecit is down 25% and we're not in a triple dip, but crack on idiots. It all depends on the numbers used. Using the current budget instead for the figures it actually comes out at around 9% http://fullfact.org/factchecks/budget_d ... rter-28563 With regard to the triple dip even a blind man can see where we are headed. So if you want top keep burying your head and being delusional go for it you Tory idiot.

Re: Clegg and the economy : Fri Jan 25, 2013 1:39 pm  

Andy Gilder wrote:

So you're confident that Q1 2013 will show positive growth figures are you? If it doesn't, then we are officially in a triple dip.

As it stands, we're more than likely in one but waiting for it to be confirmed.

Im confident the same old stagers will blame everyone but Labour for the circumstances in which we live, and they'll want peole with some money to support the work shy and feckless.

Re: Clegg and the economy : Fri Jan 25, 2013 1:47 pm  

Standee wrote:

Im confident the same old stagers will blame everyone but Labour for the circumstances in which we live, and they'll want peole with some money to support the work shy and feckless.

And I'm confident the the same old clueless out of touch posters (This is where you come in) will fail to see what is smacking them in the face.

Re: Clegg and the economy : Fri Jan 25, 2013 1:57 pm  

The crux of the matter was in the article Dally linked to
"It is clear that the UK is performing poorly, with real wages falling, retail sales stagnating and the budget deficit increasing again."