Has CMD developed a backbone???
Discussion
Du1point8 said:
Pesty said:
His answer was vague. Can't pin him down to anything if nothing happens. typical political speak.
whats wrong with answering
"of course we will send back as many as we can but may not be able to send them all back, but will do all we can and as soon as possible"
So that Ed could stand up and say that is a typical Tory answer of not doing enough?whats wrong with answering
"of course we will send back as many as we can but may not be able to send them all back, but will do all we can and as soon as possible"
turbobloke said:
Or, doing too much. Taking the opposite viewpoint is about all Wallace Gump can manage without a crib sheet containing a single phrase written by his PR team for him to repeat over and over and...
Winky managed to say "Wrong" fourteen times to CMD at one tedious PMQs. Intellect is sadly lacking with Labour's leaders (and their front bench) 
Du1point8 said:
So that Ed could stand up and say that is a typical Tory answer of not doing enough?
you care what that prick says? it would show him up to be an oportunist.just look at how every labour politician answered the question " do you support the strike"
They didnt none of them would. The whole political class are a bunch of
s. I want answers from them. They all spout balls and this lot are not much different to teh last. Cameron is blair Mk2Pesty said:
Cameron is blair Mk2
Just much, much poorer, hasn't killed as many people and is in the right political party. On the flip side, he doesn't have to suck up to a one eyed, psychotic freak, just some doe eyed leader of a collection of pathetic excuses for men. But I wouldn't stop you lynching any of them
Looks like Dick Clegg and the LibDums are trying to stab CMD in the back and get HMS GB sailing back to Brussels!
http://www.dailymail.co.uk/news/article-2074725/Ni...
http://www.dailymail.co.uk/news/article-2074725/Ni...
http://www.bbc.co.uk/news/uk-politics-16209414
looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
Du1point8 said:
http://www.bbc.co.uk/news/uk-politics-16209414
looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
When you look at the number they are right. But the reason they are facing a cut is because they've sat on their arses and done nothing to trim their spending and they can't print money or control their rates. They can only do what Germany allows them to do.looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
DonkeyApple said:
Du1point8 said:
http://www.bbc.co.uk/news/uk-politics-16209414
looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
When you look at the number they are right. But the reason they are facing a cut is because they've sat on their arses and done nothing to trim their spending and they can't print money or control their rates. They can only do what Germany allows them to do.looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
Du1point8 said:
http://www.bbc.co.uk/news/uk-politics-16209414
looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
This sounds fishy to me. Some way of sneakily signing us up through the back door?looks like we are going to be an observer on the whole process.
France has yet again thrown the toys out and said its us that should lose the AAA rating and not them.
Hmm.
Maybe we could do a deal with them and hand over the cash in exchange for an aircraft carrier or two. That would send a message to those who covet the Falklands and so perhaps prevent some expensive aggro in the southern hemisphere.
On the other hand some aggro might stimulate various economies around the world ... err, tricky this economics stuff isn't it.
Maybe we could do a deal with them and hand over the cash in exchange for an aircraft carrier or two. That would send a message to those who covet the Falklands and so perhaps prevent some expensive aggro in the southern hemisphere.
On the other hand some aggro might stimulate various economies around the world ... err, tricky this economics stuff isn't it.
hidetheelephants said:
I was under the impression little nicky had already taken an axe to the balance sheet, but it doesn't matter because the main reason the rating agencies are giving France the bum's rush is because the French banks are going to take a big bath if Greece and/or Italy defaults. Insolvent French banks will require vast amounts of propping up by the French exchequer; the combination of the economic gridlock caused by insolvent bankers flinging themselves from the top of La Defense and extra government debt will tip the whole lot into la merde. Probably.
Definitely a very major part of it. The French banks make RBS look like a competent, sleek machine. hidetheelephants said:
I was under the impression little nicky had already taken an axe to the balance sheet,
Well that's what he'd like the markets to think. But if you look at his so-called "austerity budget", it doesn't even start to bite until 2013/14 with most cuts coming in years after that. All safely after he's been re-elected...Total political conjury, I doubt the markets will be fooled for long though.
Andy Zarse said:
hidetheelephants said:
I was under the impression little nicky had already taken an axe to the balance sheet,
Well that's what he'd like the markets to think. But if you look at his so-called "austerity budget", it doesn't even start to bite until 2013/14 with most cuts coming in years after that. All safely after he's been re-elected...Total political conjury, I doubt the markets will be fooled for long though.
The real problem that we have over nearly all our European counterparts is that our population when on a w
e's spending spree with other peoples' money and large swathes are cripplingly in debt as a result.DonkeyApple said:
The real problem that we have over nearly all our European counterparts is that our population when on a we's spending spree with other peoples' money and large swathes are cripplingly in debt as a result.
This is so much less of a problem than many think. Interest rates are low, people are paying these debts down, and a couple of years of relatively high rates of private defaults will not tip us into oblivion in anything like the way a government default would. e's spending spree with other peoples' money and large swathes are cripplingly in debt as a result.AJS- said:
This is so much less of a problem than many think. Interest rates are low, people are paying these debts down, and a couple of years of relatively high rates of private defaults will not tip us into oblivion in anything like the way a government default would.
I do see it as a big problem. The equity release scenario and excessive use of unsecured debt went on for so long that the whole economy adjusted to this extremely high level of synthetic buying power.
This buying power has been halved but we have not rebased our economy yet. The plan seems to be to hope that we can muddle along and for growth and inflation to do the work for us but when you look around you see that we have far too many shops, retail and office rents are too high, residential property is too expensive etc etc.
When a starter home is up to 10 times the value of starter incomes, when independent shops cannot open on a high street because the rates and rents are too high then it is very clear that we have given ourselves a serious problem by massive over spending and the asset and cost inflation as a direct result.
If Europe defaults then they will have a truly massive advantage over us. Rebasing all their debt while we struggle on.
My view is that through history one generation has taken a big hit to secure the future of all others through direct personal sacrifice.
We should have burned the debt ridden generation to ensure that our kids and theirs had a better economic life than they are going to.
The thing is, having got here, with (nearly) all of the working and middle-classes sitting on mountains of mortgage debt, we can't go backwards. Property prices tanking is as unthinkable and as scary as debt-default.
Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
havoc said:
The thing is, having got here, with (nearly) all of the working and middle-classes sitting on mountains of mortgage debt, we can't go backwards. Property prices tanking is as unthinkable and as scary as debt-default.
Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
It's kind of a moral angle I'm coming from. Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
In our history the leading generation has laid down their lives in droves to protect the future of their children.
Is it too much to ask our current leading generation to just simply take a hit on the price of their home to do the same?
Asset values and costs are too high for our kids to have the same quality of life we have all enjoyed for so long. Maybe we should rebase and take the hit instead of crippling their futures further just so that we can keep a few shiny things?
DonkeyApple said:
havoc said:
The thing is, having got here, with (nearly) all of the working and middle-classes sitting on mountains of mortgage debt, we can't go backwards. Property prices tanking is as unthinkable and as scary as debt-default.
Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
It's kind of a moral angle I'm coming from. Well...we COULD, at the risk of immobilising/bankrupting that entire section of society. Who will promptly blame whichever government lets it happen*. So politically it's suicide not just for that current government but almost for the entire party for at least 15 years...
* As opposed to ourselves (me included) for going with the flow and not actually thinking things through long-term.
In our history the leading generation has laid down their lives in droves to protect the future of their children.
Is it too much to ask our current leading generation to just simply take a hit on the price of their home to do the same?
Asset values and costs are too high for our kids to have the same quality of life we have all enjoyed for so long. Maybe we should rebase and take the hit instead of crippling their futures further just so that we can keep a few shiny things?
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