Left wingers are getting a bit scared

Left wingers are getting a bit scared

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XJ Flyer

5,526 posts

131 months

Sunday 28th September 2014
quotequote all
turbobloke said:
XJ Flyer said:
turbobloke said:
XJ Flyer said:
sidicks said:
XJ Flyer said:
Whatever the figure it is the 0.2 increase since the government came to power which I'm referring to.
And this is despite that hugely robust and strong economy they inherited.

Oh, wait....
Absolutely the 'one' they inherited from the Callaghan, Thatcherite and Blairite administrations.All of which bought into the EU and global free market dream of thinking we can import what we could/should be making for ourselves and borrow and print the money to pay for it all.All of which considered a price worth paying so long as domestic wage rates were kept low.
The Golden Legacy applies to the Blair Brown inheritance, nothing else.

John Major’s two chancellors Lamont and Clarke took the country out of the deep recession of the early 1990s. By the time snake oil sales rose dramatically in 1997 employment was rising, growth was stable, and the deficit was well under control. Incapability Brown inherited what was without doubt the most benign economic picture for any government at any time in the last century. It took Gordo only 4 years to get back to exercising Labour's incompetent economic organ. What a wnaker.
You seem to have selectively missed the crash of the early/mid 1980's and the fact that the economy went into melt down from the point when Heath took us into the EU and Callaghan then kept us in it in addition to adopting the idea of 'wage restraint',let alone the global free market economics of Thatcher and Blair added to that.
The Golden Legacy relates to the position as at handover, 1997.

Nothing was missed, including WW2, but times had moved on.
The situation in the economy from 1972 to date is all linked mostly a result of the loss of our industrial capacity resulting in an unsustainable import bill.Added to by a policy of keeping wage increases below below price increases by rigging the labour market in favour of over supply.Unless we get a government that is prepared to reverse those policies the economy is doomed to the fate of any other under developed non industrial low wage economy that's over reliant on imports of manufactured and consumer goods.

sidicks

25,218 posts

222 months

Sunday 28th September 2014
quotequote all
XJ Flyer said:
It seems to be a reasonable pointer to that general economic situation.It is better to be obsessed with pointers like GDP,income levels relative to prices and trade figures because they have a lot more relevance to the health of the economy than the inflation rate in isolation.
That's exact my point - Unless I midunderstand, you seem obsessed with 'high' GDP growth but ignore the 'high' inflation that was around at the time.

XJ Flyer

5,526 posts

131 months

Sunday 28th September 2014
quotequote all
sidicks said:
XJ Flyer said:
It seems to be a reasonable pointer to that general economic situation.It is better to be obsessed with pointers like GDP,income levels relative to prices and trade figures because they have a lot more relevance to the health of the economy than the inflation rate in isolation.
That's exact my point - Unless I midunderstand, you seem obsessed with 'high' GDP growth but ignore the 'high' inflation that was around at the time.
Trust me the inflation rate of the early 1970's was less of a problem,if any,than all the problems which affect the economy now.Since the structural changes in the economy from that of a Fordist industrial one to a low wage post Fordist one based on services retail and banking.With an over reliance on imports.The 'real' inflation of the 1970's only kicked off 'after' that change had been put into effect starting with our EU membership and contrary to the Con propaganda as always it being price led not wage led.The answer of the economists being to try to control it by limiting wage growth.The result being a collapse in demand and what demand there was being spent on imported goods.

sidicks

25,218 posts

222 months

Sunday 28th September 2014
quotequote all
XJ Flyer said:
Trust me the inflation rate of the early 1970's was less of a problem,if any,than all the problems which affect the economy now.Since the structural changes in the economy from that of a Fordist industrial one to a low wage post Fordist one based on services retail and banking.With an over reliance on imports.The 'real' inflation of the 1970's only kicked off 'after' that change had been put into effect starting with our EU membership and contrary to the Con propaganda as always it being price led not wage led.The answer of the economists being to try to control it by limiting wage growth.The result being a collapse in demand and what demand there was being spent on imported goods.
You've missed the point again - presumably deliberately?

XJ Flyer

5,526 posts

131 months

Sunday 28th September 2014
quotequote all
sidicks said:
XJ Flyer said:
Trust me the inflation rate of the early 1970's was less of a problem,if any,than all the problems which affect the economy now.Since the structural changes in the economy from that of a Fordist industrial one to a low wage post Fordist one based on services retail and banking.With an over reliance on imports.The 'real' inflation of the 1970's only kicked off 'after' that change had been put into effect starting with our EU membership and contrary to the Con propaganda as always it being price led not wage led.The answer of the economists being to try to control it by limiting wage growth.The result being a collapse in demand and what demand there was being spent on imported goods.
You've missed the point again - presumably deliberately?
I haven't missed the point at all the inflation rate of the early 1970's wasn't an issue or a problem whatsoever.It was running at a manageable level with income levels matching prices with some exceptions such as the mining industry.

Unlike the structural problems in the economy since and to date which I've described.

wc98

10,431 posts

141 months

Sunday 28th September 2014
quotequote all
turbobloke said:
The Golden Legacy applies to the Blair Brown inheritance, nothing else.

John Major’s two chancellors Lamont and Clarke took the country out of the deep recession of the early 1990s. By the time snake oil sales rose dramatically in 1997 employment was rising, growth was stable, and the deficit was well under control. Incapability Brown inherited what was without doubt the most benign economic picture for any government at any time in the last century. It took Gordo only 4 years to get back to exercising Labour's incompetent economic organ. What a wnaker.
almost agreed until you brought up lamont . what,s not to love about black wednesday.

turbobloke

104,121 posts

261 months

Monday 29th September 2014
quotequote all
wc98 said:
turbobloke said:
The Golden Legacy applies to the Blair Brown inheritance, nothing else.

John Major’s two chancellors Lamont and Clarke took the country out of the deep recession of the early 1990s. By the time snake oil sales rose dramatically in 1997 employment was rising, growth was stable, and the deficit was well under control. Incapability Brown inherited what was without doubt the most benign economic picture for any government at any time in the last century. It took Gordo only 4 years to get back to exercising Labour's incompetent economic organ. What a wnaker.
almost agreed until you brought up lamont . what,s not to love about black wednesday.
We can't ignore Lamont! Exiting the ERM was crucial in recovering from recession, part of building the Golden Legacy. How it happened, in a manner more suited to a Brian Rix farce with rates going from 10 to 12 to a promised 15 in one day then back down to 10 the next, was history by 1997.

crankedup

25,764 posts

244 months

Monday 29th September 2014
quotequote all
turbobloke said:
crankedup said:
sidicks said:
crankedup said:
'they got to influence some policy areas'. More half truths, the Lib-Dems have also introduced lower taxation levels via personal allowance before tax. They have also provided a very important brake upon the worst excesses of the Tories.
That seems to be a very vague and highly subjective claim...
I will leave you to debate that with Turbobloke then, its also his claim dressed up in different words but I do agree with him on this particular issue.
What I've said is clear and difficult to misrepresent but I think you managed it! No dressing up is needed or involved, and you may end up disagreeing with me...you make it sound as though the influence of the LibDems has been positive, something I've never claimed or dreamed.

The LibDems have provided dead weight that held back Conservative policies which even in dilute form have led to sustained economic recovery while ignoring the predilections of 'guru' Vince, who is, they say, lined up to star as Pod in a City-based remake of The Borrowers.
All very well and dandy but its all without any basis or element of foundation. You often bring to attention other posters POV that has no basis of foundation or fact and yet here you are 'giving it plenty' yourself.

crankedup

25,764 posts

244 months

Monday 29th September 2014
quotequote all
DJRC said:
crankedup said:
sidicks said:
crankedup said:
'they got to influence some policy areas'. More half truths, the Lib-Dems have also introduced lower taxation levels via personal allowance before tax. They have also provided a very important brake upon the worst excesses of the Tories.
That seems to be a very vague and highly subjective claim...
I will leave you to debate that with Turbobloke then, its also his claim dressed up in different words but I do agree with him on this particular issue.
Or alternately you can ask some Tories for their POV on the matter, you will find its a fact that on balance the Lib-Dems moderated or halted many of the Tory policy proposals, thankfully.
Like?
As far as I can see the majority of the Tory party and the electorate don't seem to regard CMD as Tory! Just a random posh boy with no real Tory ideology. Or as the most cynical say no ideology at all.
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.

AstonZagato

12,725 posts

211 months

Monday 29th September 2014
quotequote all
turbobloke said:
wc98 said:
turbobloke said:
The Golden Legacy applies to the Blair Brown inheritance, nothing else.

John Major’s two chancellors Lamont and Clarke took the country out of the deep recession of the early 1990s. By the time snake oil sales rose dramatically in 1997 employment was rising, growth was stable, and the deficit was well under control. Incapability Brown inherited what was without doubt the most benign economic picture for any government at any time in the last century. It took Gordo only 4 years to get back to exercising Labour's incompetent economic organ. What a wnaker.
almost agreed until you brought up lamont . what,s not to love about black wednesday.
We can't ignore Lamont! Exiting the ERM was crucial in recovering from recession, part of building the Golden Legacy. How it happened, in a manner more suited to a Brian Rix farce with rates going from 10 to 12 to a promised 15 in one day then back down to 10 the next, was history by 1997.
It is moments like that when one realises how little politicians and their advisors understand financial markets.

loafer123

15,455 posts

216 months

Monday 29th September 2014
quotequote all
crankedup said:
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
At least wealthy Tories have often earned it in business first.

In Labour's case, it is lifetime politicans, or are you jusfiying Ed Miliband's brief post-grad role as a TV researcher as real world life experience?

andymadmak

14,619 posts

271 months

Monday 29th September 2014
quotequote all
crankedup said:
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
rolleyes Please tell us how many Tory MPs you have met? Given that there are more than 300 of 'em, can you perhaps flesh out your experience with at least 200 Conservative MPs that would qualify you to make such a claim?

toppstuff

Original Poster:

13,698 posts

248 months

Monday 29th September 2014
quotequote all
crankedup said:
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
Wow. Just wow.

Just like most Labour supporters live up north, have a whippet and play in a brass band at the weekends and think about their dad who worked down in't pits.

What cobblers.

crankedup

25,764 posts

244 months

Monday 29th September 2014
quotequote all
Your quite right of course, I very cleverly omitted the use of words 'the front bench' eek. Is this the section where I say 'as you were chaps'.

Quicker than rats up a drainpipe with the responses.

Edited by crankedup on Monday 29th September 14:04

loafer123

15,455 posts

216 months

Monday 29th September 2014
quotequote all
crankedup said:
Your quite right of course, I very cleverly omitted the use of words 'the front bench' eek. Is this the section where I say 'as you were chaps'.

Quicker than rats up a drainpipe with the responses.

Edited by crankedup on Monday 29th September 14:04
Talk crap, expect a quick response.

eccles

13,745 posts

223 months

Monday 29th September 2014
quotequote all
loafer123 said:
crankedup said:
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
At least wealthy Tories have often earned it in business first.

In Labour's case, it is lifetime politicans, or are you jusfiying Ed Miliband's brief post-grad role as a TV researcher as real world life experience?
Ah, so the tories are the hard working types who've earned their money are they? rofl

loafer123

15,455 posts

216 months

Monday 29th September 2014
quotequote all
eccles said:
loafer123 said:
crankedup said:
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
At least wealthy Tories have often earned it in business first.

In Labour's case, it is lifetime politicans, or are you jusfiying Ed Miliband's brief post-grad role as a TV researcher as real world life experience?
Ah, so the tories are the hard working types who've earned their money are they? rofl
Are you struggling with the definition of the word "often"?

DJRC

23,563 posts

237 months

Monday 29th September 2014
quotequote all
crankedup said:
DJRC said:
crankedup said:
sidicks said:
crankedup said:
'they got to influence some policy areas'. More half truths, the Lib-Dems have also introduced lower taxation levels via personal allowance before tax. They have also provided a very important brake upon the worst excesses of the Tories.
That seems to be a very vague and highly subjective claim...
I will leave you to debate that with Turbobloke then, its also his claim dressed up in different words but I do agree with him on this particular issue.
Or alternately you can ask some Tories for their POV on the matter, you will find its a fact that on balance the Lib-Dems moderated or halted many of the Tory policy proposals, thankfully.
Like?
As far as I can see the majority of the Tory party and the electorate don't seem to regard CMD as Tory! Just a random posh boy with no real Tory ideology. Or as the most cynical say no ideology at all.
Most of the Tories are over puffed wealthy chappies that have zero sense of real world life. In fairness at least the P.M. has had a stab at going to work for a brief period of time.
Except they aren't. Very few of them in fact it appears to be.
Is knowledge as opposed to "what I think but don't really know nor can be bothered to find out" really so little prized now?

But hey fk it, the rest of the country seems to be happy enough getting by on ignorance, perception and bias so rock on.

otolith

56,341 posts

205 months

Tuesday 30th September 2014
quotequote all
The student/activist/factotum/ MP/ minister career path seems to be more of a front bench thing. The back benches on both sides are full of weirdos but they've often lived lives outside politics.