I thought this was a global economic crisis?
Everybody's fucked except the Chinese.
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Cerebus Sticky! Sticky! Stick! Stick!, Wed 23 Jan 2013, 9:44,
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Yes, but....
www.newstatesman.com/blogs/the-staggers/2010/04/spending-cuts-tories-recovery
and...
www.newstatesman.com/blogs/the-staggers/2012/02/youth-unemployment-minimum
There was another article I used to link to but I can't find it..
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Jorvic, Wed 23 Jan 2013, 9:55,
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Can't we just have a conversation rather than pamphlet slinging?
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Cerebus Sticky! Sticky! Stick! Stick!, Wed 23 Jan 2013, 10:18,
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Sorry
But yeah, the global crash happened, what counts is how you deal with it. Everything the Tories have done and the results there of were predicted. The VAT hike for instance was one of the stupidest things possible they could have done, the NI increase would have been a fairer and less damaging approach. Whilst Labour would have, and were borrowing more on the short term, gradually bringing down that borrowing whilst maintaining jobs (through investment such as the Future Jobs fund, and through Public Sector workers which keeps money physically in the economy) and the favorable interest rates we have (and had at the time of the election) we could have maintained the growth we had, and started to deal with the deficit. As it is the borrowing needed to support those the Tories and Lib Dems have thrown on the doll far excedes the borrowing that Labour proposed for its stimulus. Friedenomics got us in to this, the idea that flogging your house off brick by brick, roof tile by roof tile is the best way to deal with negative equity on your mortgage, will get us out of it is bat shit insane in my opinion...
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Jorvic, Wed 23 Jan 2013, 10:28,
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