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Post by Pacifico on Jun 4, 2023 17:50:21 GMT
I stated the 70's as I lived through those dark days all the strikes , go back a few years earlier when Harold Wilson was PM if you could afford a holiday abroad you could only take £60 Sterling with you that is how bad it was, fast forward to the world wide Financial Fiasco happened Gormless Gordon Brown was PM , he was warned it was going to happen and did nothing wait for it to happen , then bailed the Banks out. Today it will take longer to bring down inflation thanks to the loony left Marxists Union Leaders calling strikes again , one mans pay rise, is another mans price rise What makes you think that a Labour government, if elected, and almost 50 years since Harold Wilson was Prime Minister, would create a financial mess. ? As for the Financial Crisis, perhaps I ought to point out, and remind you that it was a World Wide Crisis, eminating mainly from the United States, and which affected many countries, so how anyone could blame Gordon Brown is beyond me. Crash Gordon was the guy who created the financial regulatory regime in the UK that was supposed to ensure that the financial system in the UK was able to withstand international shocks. Instead it failed completely. Compared with the regulation system in Canada which didnt lose a single bank. |
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Post by Deleted on Jun 4, 2023 18:08:56 GMT
What makes you think that a Labour government, if elected, and almost 50 years since Harold Wilson was Prime Minister, would create a financial mess. ? As for the Financial Crisis, perhaps I ought to point out, and remind you that it was a World Wide Crisis, eminating mainly from the United States, and which affected many countries, so how anyone could blame Gordon Brown is beyond me. Crash Gordon was the guy who created the financial regulatory regime in the UK that was supposed to ensure that the financial system in the UK was able to withstand international shocks. Instead it failed completely. Compared with the regulation system in Canada which didnt lose a single bank. How very disingenuous of you. The regulatory set up was entirely due to Brown continuing to pursue thatcherite style deregulatory policies, which some such as I were critical of from the start. It's exactly what your lot were doing before 1997 and would have continued doing had you retained power thereafter. The Tory deregulatory policy, pursued with equal enthusiasm by New Labour, was the problem. And the fact remains that the global crash was...er...global. The clue is in the word "global". And it didn't start here. It started in the United States where similar neo-liberal deregulatory policies were pursued. |
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Post by Deleted on Jun 4, 2023 18:11:43 GMT
He may be gone at the GE and the rest of his party with him, if Labour do win that is when the brown smelly stuff will really hit the fan big time, turn your watch back to the 70's If Labour do win, the reaction here by you and others will be worth its weight in gold for entertainment value. If the polls are anything to go by I might have to start stocking up with popcorn in anticipation. |
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Post by Deleted on Jun 4, 2023 18:35:50 GMT
The Conservative Party - IS - and always has been the party of deregulation
They ( the Tories ) call it "red tape", whereas those who believe in a regulated free market call it "safeguarding".
AS Britain has a very large financial sector, with many links and operations across the world, the contagion could not have possibly been avoided without international agreement on regulation, and Gordon Brown did make this very point at the time.
The Tories did try their very best to blame Gordon Brown for the financial crisis, they used the term "mess that Labour left" or "mess that we will inherit" during the 2010 general election, and sadly enough people believed the Tory lies, hence we got the disasterous coalition government.
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Post by bancroft on Jun 4, 2023 19:14:55 GMT
Yes yet Gordon Brown boasted he had abolished Boom and Bust cycles, I guess he dd not understand modern economics or maybe international markets.
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Post by Pacifico on Jun 4, 2023 21:29:55 GMT
Crash Gordon was the guy who created the financial regulatory regime in the UK that was supposed to ensure that the financial system in the UK was able to withstand international shocks. Instead it failed completely. Compared with the regulation system in Canada which didnt lose a single bank. How very disingenuous of you. How so? - Crash Gordon, on his first day in office, scrapped the existing regulatory system and installed the FSA which was a disaster when it came to financial regulation. What is disingenuous about that? |
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Post by jonksy on Jun 4, 2023 21:37:26 GMT
Crash Gordon was the guy who created the financial regulatory regime in the UK that was supposed to ensure that the financial system in the UK was able to withstand international shocks. Instead it failed completely. Compared with the regulation system in Canada which didnt lose a single bank. How very disingenuous of you. The regulatory set up was entirely due to Brown continuing to pursue thatcherite style deregulatory policies, which some such as I were critical of from the start. It's exactly what your lot were doing before 1997 and would have continued doing had you retained power thereafter. The Tory deregulatory policy, pursued with equal enthusiasm by New Labour, was the problem. And the fact remains that the global crash was...er...global. The clue is in the word "global". And it didn't start here. It started in the United States where similar neo-liberal deregulatory policies were pursued. Thats funny you usual lefties forget we have gone through a GLOBAL pandemic. But hey ho thats the thick ignorant left for you. |
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Post by Deleted on Jun 5, 2023 6:26:41 GMT
How very disingenuous of you. How so? - Crash Gordon, on his first day in office, scrapped the existing regulatory system and installed the FSA which was a disaster when it came to financial regulation. What is disingenuous about that? Because he was pursuing Thatcherite policies of deregulation which is just what your lot would have done. Which is probably why not a single Tory opposed him on this at the time. |
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Post by Pacifico on Jun 5, 2023 6:51:59 GMT
How so? - Crash Gordon, on his first day in office, scrapped the existing regulatory system and installed the FSA which was a disaster when it came to financial regulation. What is disingenuous about that? Because he was pursuing Thatcherite policies of deregulation which is just what your lot would have done. Which is probably why not a single Tory opposed him on this at the time. So someone else is to blame when Labour fuck up - thats convenient..  |
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Post by Deleted on Jun 5, 2023 11:00:51 GMT
Because he was pursuing Thatcherite policies of deregulation which is just what your lot would have done. Which is probably why not a single Tory opposed him on this at the time. So someone else is to blame when Labour fuck up - thats convenient.. They were following Tory policies. Thats where they fucked up. And the global crash was not home grown in any case but started in the USA, a nation equally beholden to neoliberal economics. That we were so potentially exposed was down to the decisions of successive governments pursuing thatcherite deregulation policies. New Labour is culpable for it's stupid part in that but the policies being pursued were invented by your lot. So trying to score cheap points without having the honesty to acknowledge that is fundamentally dishonest. As a policy agenda, New Labour and Tories were both up to their necks in it. But had there been no thatcherite deregulation ideology in the first place, Labour would have been most unlikely to have invented it for themselves. And I am not trying to exonerate New Labour from blame, far from it, but it is dishonest to try and exonerate the Tories when they are the ones who invented the policies and actively supported them when Labour carried on. It is also fundamentally dishonest to try and imply - as you and others regularly do - that the global crash which began in the USA was somehow a home grown one caused by Labour |
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Post by Handyman on Jun 5, 2023 11:14:05 GMT
What makes you think that a Labour government, if elected, and almost 50 years since Harold Wilson was Prime Minister, would create a financial mess. ? As for the Financial Crisis, perhaps I ought to point out, and remind you that it was a World Wide Crisis, eminating mainly from the United States, and which affected many countries, so how anyone could blame Gordon Brown is beyond me. Crash Gordon was the guy who created the financial regulatory regime in the UK that was supposed to ensure that the financial system in the UK was able to withstand international shocks. Instead it failed completely. Compared with the regulation system in Canada which didnt lose a single bank. He also messed about with our Tax System , he made it even more complicated than it already was |
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Post by Pacifico on Jun 5, 2023 11:15:36 GMT
So someone else is to blame when Labour fuck up - thats convenient.. They were following Tory policies. Thats where they fucked up. And the global crash was not home grown in any case but started in the USA, a nation equally beholden to neoliberal economics. Well the current shower of shit in No 10 is following Labour policies - does that mean the Tories are blameless and our economic stagnation is the fault of the Labour Party?. The guy in No 10 is paid the big bucks to take responsibility - and no matter how much you try to spin it Crash Gordon was responsible for the collapse of the UK's financial regulation system. |
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Post by Deleted on Jun 5, 2023 12:26:20 GMT
They were following Tory policies. Thats where they fucked up. And the global crash was not home grown in any case but started in the USA, a nation equally beholden to neoliberal economics. Well the current shower of shit in No 10 is following Labour policies - does that mean the Tories are blameless and our economic stagnation is the fault of the Labour Party?. The guy in No 10 is paid the big bucks to take responsibility - and no matter how much you try to spin it Crash Gordon was responsible for the collapse of the UK's financial regulation system. I am not disputing that Gordon Brown took deregulation even further, though this was because he bought into the thatcherite ideology sold by you lot like an idiot. And yes, if the Tories were following where Labour left off and continuing with Labour policies, both they and Labour would be culpable. But it is impossible to say that the Tories are pursuing Labour policies right now since no one knows what Labour's policies are. Though the Tories themselves have indulged in numerous policy shifts whilst in office - scrapping 20,000 police officers then employing 20,000 more again, austerity followed by levelling up, followed by the Truss disaster and now Sunak. Your shower of shit is all over the place. Re the global crash though. Firstly it was global. Secondly it started in the USA not here. Thirdly, greedy bankers abusing the freedom politicians allowed them to make money unchecked was the primary cause. It was not a crash engineered by Gordon Brown. That's just a lie that your sort propagated and Labour stupidly failed to challenge |
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Post by Fairsociety on Jun 5, 2023 12:31:56 GMT
To think they actually gave that buffoon another responsible job FFS. Since stepping down as an MP, Brown has served as the United Nations Special Envoy for Global Education and as Ambassador for Global Health Financing for the World Health Organization
WHO, another messed up organization.
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Post by Baron von Lotsov on Jun 5, 2023 13:22:54 GMT
I really dislike Sunak. If any of you watched Richard Tice's sermon last week you'll know that he has reneged on every promise he has made - Tice listed 13 in all, all of which were accurate. It now seems he is pissed off that he has to surrender his Whatsapp messages to the Covid enquiry because it may reveal his obvious treachery when he was spending more time on his "Ready for Rishi" campaign - and plotting against Boris with his **** friend, whose name I forget - than doing his job. And he gave so much of OUR money away to try to ingratiate himself that we now have massive borrowing problems. Forget Brown's profligacy - Sunak is far worse. He's also obviously in favour of open borders. Why else should we now be letting in so many foreign students and all their relatives - and why should we be giving visas away to India at such a rate. And why did we let in over 600,000 "legal" immigrants last year. And why did Sunak say that he would support fracking but the reneg the moment that he became PM. And who are Sunak's friends in the city who got rid of Truss to allow Sunak yet another chance? It all stinks. Sunak hates this country and he's here to destroy it. He was never a Brexiteer - he just saw an opportunity. I've never been a fan of Truss or Kwarteng but it's becoming more and more obvious that their plans for growth and low taxes were far more sensible than what Sunak is doing. Sunak said that her plans would lead to very high interest rates and inflation, but we've got very high and increasing interest rates now under SUnak. And the high inflation was caused - undoubtedly - by Sunak's disastrous policies when chancellor. He a total C*** and he has to go. If the Tories don't get rid of him (and they won't because the party's been taken over by remoaners) then even Starmer would be better. Rishi is in trouble re covid enquiry. Government experts on the various scientific committees are now saying there was not a single time when someone from the government went to them as said, we are thinking of doing such and such a policy, can you advise on the scientific issues. The particular government policy in the firing line is the Eat out to Help Out policy. Experts said the first they heard of it was on the news with everyone else. |
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