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Post by B0ycey on Oct 24, 2022 16:41:57 GMT
How did the nation bankrupt itself in 2007? We didn't ask for an IMF loan which under Trussonomics was a forgone conclusion. As it turned out the 2008 crash unearthed that we as a nation was able to borrow large amounts without much inflation and MMT became vogue. The issue now is that the Tories got addicted to cheap debt and covid was the straw that broke the camels back bursting that bubble and now if we borrow we do so with a high interest I'm glits. The market didn't like billions of uncosted borrowing and the BoE couldn't continue to buy bonds for much longer without turning the UK into Weimar. Economists said that if we continued on that path was we would require an IMF bailout. That is the bankruptcy I was talking about. So why do you think they want access to EU markets unless it is to create even more debt and fill their own pockets, they couldn't give a flying one what happens to you or anyone else. They have been printing and borrowing ever since 2007 at astronomical amounts to prop up a bankrupt system while sinking it into markets that have been goosed ever since, while you get austerity and the blame. Access to the SM or CU would promote growth as it cuts red tape Sheepy. In fact if Truss was serious about "Growth, Growth, Growth", she would have pushed for an EU referendum rather than tax cuts for the rich as trickle down economics has no proven record of success but trade partnerships do. As for borrowing since 2007, OK that is true. But most of that borrowing in that time was done by the Tories not Labour. But in any case borrowing isn't really the issue even today. It was because the borrowing under Truss was uncosted. There was no plan to recoup that borrowing in future tax receipts. There was hope it would simulate growth but wasn't backed up by a OBR and as such make believe. Nobody apart from Truss or Kwarteng thought trickle down economics was sustainable and as such that borrowing was going to stimulate inflation. It may well be Sunak could borrow and offer tax cuts as it happens Ince he and Hunt goes through the figures. But if he does that, that will be costed and backed up with an OBR. My instinct is he might raise taxes this year for the well off in order to offer tax cuts for the GE next year and hope people have short term memories. |
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Post by sheepy on Oct 24, 2022 16:45:56 GMT
So why do you think they want access to EU markets unless it is to create even more debt and fill their own pockets, they couldn't give a flying one what happens to you or anyone else. They have been printing and borrowing ever since 2007 at astronomical amounts to prop up a bankrupt system while sinking it into markets that have been goosed ever since, while you get austerity and the blame. Access to the SM or CU would promote growth as it cuts red tape Sheepy. In fact if Truss was serious about "Growth, Growth, Growth", she would have pushed for an EU referendum rather than tax cuts for the rich as trickle down economics has no proven record of success but trade partnerships do. As for borrowing since 2007, OK that is true. But most of that borrowing in that time was done by the Tories not Labour. But in any case borrowing isn't really the issue even today. It was because the borrowing under Truss was uncosted. There was no plan to recoup that borrowing in future tax receipts. There was hope it would simulate growth but wasn't backed up by a OBR and as such make believe. Nobody apart from Truss or Kwarteng thought trickle down economics was sustainable and as such that borrowing was going to stimulate inflation. It may well be Sunak could borrow and offer tax cuts as it happens Ince he and Hunt goes through the figures. But if he does that, that will be costed and backed up with an OBR. My instinct is he might raise taxes this year for the well off in order to offer tax cuts for the GE next year and hope people have short term memories. Bullshine how come it didn't under Labour and there was a massive crash pure greed and not one thing has changed. |
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Post by B0ycey on Oct 24, 2022 17:11:18 GMT
Access to the SM or CU would promote growth as it cuts red tape Sheepy. In fact if Truss was serious about "Growth, Growth, Growth", she would have pushed for an EU referendum rather than tax cuts for the rich as trickle down economics has no proven record of success but trade partnerships do. As for borrowing since 2007, OK that is true. But most of that borrowing in that time was done by the Tories not Labour. But in any case borrowing isn't really the issue even today. It was because the borrowing under Truss was uncosted. There was no plan to recoup that borrowing in future tax receipts. There was hope it would simulate growth but wasn't backed up by a OBR and as such make believe. Nobody apart from Truss or Kwarteng thought trickle down economics was sustainable and as such that borrowing was going to stimulate inflation. It may well be Sunak could borrow and offer tax cuts as it happens Ince he and Hunt goes through the figures. But if he does that, that will be costed and backed up with an OBR. My instinct is he might raise taxes this year for the well off in order to offer tax cuts for the GE next year and hope people have short term memories. Bullshine how come it didn't under Labour and there was a massive crash pure greed and not one thing has changed. It was the Yanks and their dodgy mortgages that was the main problem. And it was the bankers who caused the crash by buying toxic assets and not Labour anyway. And if you want to understand why they got away with that, well you need to understand that Thatcher deregulated the financial sector with her Big Bang which set the timebomb off. You can say that Labour should have re-regulated the sector again which is true I guess, but at the same time you must also blame the Tories for creating the mess to begin with. |
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Post by sheepy on Oct 24, 2022 17:16:14 GMT
Bullshine how come it didn't under Labour and there was a massive crash pure greed and not one thing has changed. It was the Yanks and their dodgy mortgages that was the main problem. And it was the bankers who caused the crash by buying toxic assets and not Labour anyway. And if you want to understand why they got away with that, well you need to understand that Thatcher deregulated the financial sector with her Big Bang which set the timebomb off. You can say that Labour should have re-regulated the sector again which is true I guess, but at the same time you must also blame the Tories for creating the mess to begin with. Excuses, excuses Boycey, if you think befriending that lot will bring you the Nordic model economics, I am just pointing out you have zero chance of that happening, barking up the wrong tree. |
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Post by Pacifico on Oct 24, 2022 17:17:32 GMT
Bullshine how come it didn't under Labour and there was a massive crash pure greed and not one thing has changed. It was the Yanks and their dodgy mortgages that was the main problem. And it was the bankers who caused the crash by buying toxic assets and not Labour anyway. And if you want to understand why they got away with that, well you need to understand that Thatcher deregulated the financial sector with her Big Bang which set the timebomb off. You can say that Labour should have re-regulated the sector again which is true I guess, but at the same time you must also blame the Tories for creating the mess to begin with. They did - Crash Gordon introduced a whole new regulation system which then proceeded to spectacularly collapse during the financial crisis. |
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Post by thomas on Oct 24, 2022 17:26:55 GMT
Honeymoon polling for Sunak in Scotland (UK Yougov subsample which agrees well with his full Scottish poll ratings just before he left No 10):
Do you have a favourable or unfavourable opinion of the following?
31% Favourable
69% Unfavourable
=-38% Unfavourable NET
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Post by B0ycey on Oct 24, 2022 17:58:32 GMT
It was the Yanks and their dodgy mortgages that was the main problem. And it was the bankers who caused the crash by buying toxic assets and not Labour anyway. And if you want to understand why they got away with that, well you need to understand that Thatcher deregulated the financial sector with her Big Bang which set the timebomb off. You can say that Labour should have re-regulated the sector again which is true I guess, but at the same time you must also blame the Tories for creating the mess to begin with. Excuses, excuses Boycey, if you think befriending that lot will bring you the Nordic model economics, I am just pointing out you have zero chance of that happening, barking up the wrong tree. Sheepy, my support for Sunak, if you want to call it that, is not me saying I want the Tories in power nor do I think they will enact the Nordic Model. He is simply the best of a bad bunch and he will give the UK some economic credibility. In fact I don't think Starmer is going to be a good leader either. But if he does a shit job, the best MPs happen to be in Labour and maybe one of them will run the party. I play the long game Sheepy. A long game that hopes the Tories doesn't bankrupt us before we get there. |
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Post by B0ycey on Oct 24, 2022 18:04:17 GMT
It was the Yanks and their dodgy mortgages that was the main problem. And it was the bankers who caused the crash by buying toxic assets and not Labour anyway. And if you want to understand why they got away with that, well you need to understand that Thatcher deregulated the financial sector with her Big Bang which set the timebomb off. You can say that Labour should have re-regulated the sector again which is true I guess, but at the same time you must also blame the Tories for creating the mess to begin with. They did - Crash Gordon introduced a whole new regulation system which then proceeded to spectacularly collapse during the financial crisis. After not before. Northern Rock went bust three months after he got power and he regulated too late as the damage was already done. You can't stop the Titanic from sinking by buying a few buckets like Brown couldn't stop the financial crash when banks had already bought up shit loads of Yanky mortgages in toxic assets. .. a practice not regulated as Thatcher deregulated the financial sector. |
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Post by thomas on Oct 24, 2022 19:13:48 GMT
They did - Crash Gordon introduced a whole new regulation system which then proceeded to spectacularly collapse during the financial crisis. After not before. Northern Rock went bust three months after he got power and he regulated too late as the damage was already done. You can't stop the Titanic from sinking by buying a few buckets like Brown couldn't stop the financial crash when banks had already bought up shit loads of Yanky mortgages in toxic assets. .. a practice not regulated as Thatcher deregulated the financial sector. back to sunak dear oh deary me....
UK polling data on the disliked and incompetent Sunak.archive.ph/MUehE
How popular is incoming prime minister Rishi Sunak – see the devastating graphs
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Post by thomas on Oct 24, 2022 19:17:27 GMT
Nadine dorris re tweeting this.....
So the new Prime Minister of the UK is almost certainly the bloke who lost to Liz Truss in a vote by his own party members. But she quit after 45 days, a few MPs then nominated him, but his party members and general public didn’t get to vote. Banana Republic ‘democracy’.
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Post by B0ycey on Oct 24, 2022 19:25:06 GMT
After not before. Northern Rock went bust three months after he got power and he regulated too late as the damage was already done. You can't stop the Titanic from sinking by buying a few buckets like Brown couldn't stop the financial crash when banks had already bought up shit loads of Yanky mortgages in toxic assets. .. a practice not regulated as Thatcher deregulated the financial sector. back to sunak dear oh deary me....
UK polling data on the disliked and incompetent Sunak.archive.ph/MUehE
How popular is incoming prime minister Rishi Sunak – see the devastating graphs
Indeed Thomas. And I doubt these polls are going to improve anytime soon either. My support for Sunak is simply down to the economy and not politics. If I had my way we would tax the rich further, windfall tax, close loopholes, stop the non dom status and what other ways I can't think of that are needed to tax the wealthy in order to balance the books. I suspect Sunak is going to cut services and maybe put a penny or two on income tax. Not exactly a vote winner or what I would do or like but as long we get out of the hole before Labour gets in, Sunak has done his duty as a Tory in my eyes because a GE is not going to happen and whatever way I look at this, Sunak is simply the best of a bad bunch. |
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Post by B0ycey on Oct 24, 2022 19:30:23 GMT
Nadine dorris re tweeting this..... So the new Prime Minister of the UK is almost certainly the bloke who lost to Liz Truss in a vote by his own party members. But she quit after 45 days, a few MPs then nominated him, but his party members and general public didn’t get to vote. Banana Republic ‘democracy’.Got to laugh at Dorries. She keeps on calling for an election which would destroy her party. Don't get me wrong, I totally agree with her. But she has to be the only Tory MP calling for a GE right now and I wonder, if she was a Turkey, would she also vote for Christmas? |
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Post by thomas on Oct 24, 2022 19:31:34 GMT
back to sunak dear oh deary me....
UK polling data on the disliked and incompetent Sunak.archive.ph/MUehE
How popular is incoming prime minister Rishi Sunak – see the devastating graphs
My support for Sunak is simply down to the economy and not politics. The economy?
FFS boycey what are you on man ? Sunak is being mocked relentlessly , as the man who is the achitect of the destruction of the uk economy , and is that poor politically he lost in a political talent contest to Liz Fucking Truss!!!
Safe pair of hands lmfao.
So far his economic record is he pointed out to this woman
how fucking mental she was and got lauded for it ! You could have done that boycey.
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Post by thomas on Oct 24, 2022 19:33:43 GMT
Nadine dorris re tweeting this..... So the new Prime Minister of the UK is almost certainly the bloke who lost to Liz Truss in a vote by his own party members. But she quit after 45 days, a few MPs then nominated him, but his party members and general public didn’t get to vote. Banana Republic ‘democracy’.Got to laugh at Dorries. She keeps on calling for an election which would destroy her party. Don't get me wrong, I totally agree with her. But she has to be the only Tory MP calling for a GE right now and I wonder, if she was a Turkey, would she also vote for Christmas? I admire her loyalty to johnson , and whatever we think of her and her party , she seems determined to take them all down and punish them. To be fair , there is a lot of truth in what she is saying and doing.
The tories have just commited suicide , and we all know it. She is merely saying what everyone thinks , and wether the turkies want a vote for christmas or not , christmas is coming like it or lump it.
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Post by thomas on Oct 24, 2022 19:49:41 GMT
Nadine dorris re tweeting this..... So the new Prime Minister of the UK is almost certainly the bloke who lost to Liz Truss in a vote by his own party members. But she quit after 45 days, a few MPs then nominated him, but his party members and general public didn’t get to vote. Banana Republic ‘democracy’.lol.
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