Jeremy Corbyn Vol. 2
Discussion
///ajd said:
Moonhawk said:
The Tories are polling at an average of around 44.8% based on the last 4 polls pasted in the "Snap General Election" thread. If these polls do turn out to be representative of the final popular vote - we wont have seen so much support for a political party since Edward Heath lead the Tories to victory in 1970.
Even Thatchers landslide of 1979 only achieved 43.9% of the popular vote.
Had the Tories been on their game with regards to their campaigning and if their policies had been a little less controversial - it's quite possible we could have seen the first popular vote majority since 1931.
What will interesting is when the tories get a massive 44% or so but corbyn somehow gets more than milliband. He'll then say "I'm turning the party around and boosting support!"Even Thatchers landslide of 1979 only achieved 43.9% of the popular vote.
Had the Tories been on their game with regards to their campaigning and if their policies had been a little less controversial - it's quite possible we could have seen the first popular vote majority since 1931.
Edited by Moonhawk on Monday 29th May 14:07
And labour could have 5 more years of the politics of abject failure and incompetence.
sidicks said:
Yipper said:
Lots of people still sticking their head in the sand, but it looks very likely Labour will take the lead in the polls in the next few days.
http://www.independent.co.uk/news/uk/politics/ther...
http://www.independent.co.uk/news/uk/politics/ther...
Statistics and probability never was your strong point, was it?!
b
hstewie said:
hstewie said: I've just been out and James O'Brien was on LBC and even he wasn't trying to defend Corbyn over his terrorist sympathies.
Is this the new JoB who was so upset that children were attacked by Terrorists? Since if that event hadn't happened I expect he would be taking Abbottomas line of "out of fashion" to defend links to TerroristsTypical hypocritical Leftie. "Strong" opinions until it starts to affect them personally or is a little too close to home. Then they about turn and want policies that are identical to the centre or even right...
Another day, another terrorist link. Corbyn attended a conference in Tunisia alongside the likes of Hamas and the PFLP in 2014.
https://order-order.com/2017/05/29/corbyn-attended...
https://order-order.com/2017/05/29/corbyn-attended...
BigMon said:
I wonder how the right wingers who joined the Labour party just to vote for Corbyn to 'destroy the party' are feeling at the moment?
Very much a case of 'be careful what you wish for'!
I cannot see Labour coming anywhere near power at all but if they do much better than expected the aforementioned numpties will be partly culpable.
I know a few who did and said at the time that it was quite a gamble. A week is a long time in politics etc... what's genuinely frightening is that there are millions who will vote for him, as damning indictment of the education system as any.Very much a case of 'be careful what you wish for'!
I cannot see Labour coming anywhere near power at all but if they do much better than expected the aforementioned numpties will be partly culpable.
JC: Our offer is we will invest for the future. Invest in the future of our children.
AN: And part of the investing in the future you plan to borrow a lot to do that. How much will you borrow?
JC: What we will do is for the public ownership elements there’ll be an exchange for bonds for shares in it.
AN: What’s a bond?
JC: A government bond?
AN: Yes, it’s a debt instrument. It’s borrowing.
JC: Well, it’s a bond – is a government bond which would be serviced by the income from that service, but in addition we would have control of it.
AN: But you would still have to borrow. Bonds are borrowing. You would borrow.
JC: Take the water industry, for example, which has been a method of siphoning off profits out of this country to offshore companies that made a lot of money at the same time leaving us with expensive water and in some cases very bad levels of pollution.
AN: You would need to borrow – I understand the case but you would need to borrow to buy the utilities.
JC: No, it’s not. It’s a swap of the shares for a government bond.
AN: But if you’re issuing bonds, Mr Corbyn, you’re issuing government debt. You are borrowing.
JC: Issuing bonds that we own which would be paid for by the profits from the industries, so instead of the profits –
AN: You’ve said you would cut the water utilities’ profits. That means you wouldn’t have the money to pay for the bonds.
Corbyn is a moron and so are those who support him.
fblm said:
JC: Our offer is we will invest for the future. Invest in the future of our children.
AN: And part of the investing in the future you plan to borrow a lot to do that. How much will you borrow?
JC: What we will do is for the public ownership elements there’ll be an exchange for bonds for shares in it.
AN: What’s a bond?
JC: A government bond?
AN: Yes, it’s a debt instrument. It’s borrowing.
JC: Well, it’s a bond – is a government bond which would be serviced by the income from that service, but in addition we would have control of it.
AN: But you would still have to borrow. Bonds are borrowing. You would borrow.
JC: Take the water industry, for example, which has been a method of siphoning off profits out of this country to offshore companies that made a lot of money at the same time leaving us with expensive water and in some cases very bad levels of pollution.
AN: You would need to borrow – I understand the case but you would need to borrow to buy the utilities.
JC: No, it’s not. It’s a swap of the shares for a government bond.
AN: But if you’re issuing bonds, Mr Corbyn, you’re issuing government debt. You are borrowing.
JC: Issuing bonds that we own which would be paid for by the profits from the industries, so instead of the profits –
AN: You’ve said you would cut the water utilities’ profits. That means you wouldn’t have the money to pay for the bonds.
Corbyn is a moron and so are those who support him.
Agreed. Heres a lesson in finance for all you Labour supporters who are too thick to understand. Take one company, National Grid (NG). It earns about £3B and pays £5-600M in taxes ever year. This will all vanish under Corbyn. Why you ask? Because the clown will destroy earnings by capping everyones Bill. He is also deluded if he thinks the Labour Government can issue a Bond at a rat sAN: And part of the investing in the future you plan to borrow a lot to do that. How much will you borrow?
JC: What we will do is for the public ownership elements there’ll be an exchange for bonds for shares in it.
AN: What’s a bond?
JC: A government bond?
AN: Yes, it’s a debt instrument. It’s borrowing.
JC: Well, it’s a bond – is a government bond which would be serviced by the income from that service, but in addition we would have control of it.
AN: But you would still have to borrow. Bonds are borrowing. You would borrow.
JC: Take the water industry, for example, which has been a method of siphoning off profits out of this country to offshore companies that made a lot of money at the same time leaving us with expensive water and in some cases very bad levels of pollution.
AN: You would need to borrow – I understand the case but you would need to borrow to buy the utilities.
JC: No, it’s not. It’s a swap of the shares for a government bond.
AN: But if you’re issuing bonds, Mr Corbyn, you’re issuing government debt. You are borrowing.
JC: Issuing bonds that we own which would be paid for by the profits from the industries, so instead of the profits –
AN: You’ve said you would cut the water utilities’ profits. That means you wouldn’t have the money to pay for the bonds.
Corbyn is a moron and so are those who support him.
t coupon for 20 years. Third, National Grid ALREADY HAS DEBT to the tune of £19B. Are they going to offer bonds to those debt holders. I think they will find they can't. The minimum price to Buy NG is 40B share value+debt of almost £20. £60B. But what we have here is proof that a politician can make completely ludicrous statements and seemingly get votes. I for one do not think the media have challenged him enough on this by stating, according to prof X you are talking manure, again.
So in summary, nationalising NG alone will cost 60B. It a tax cut, that is all it is. A loss of 600M a year in tax receipts passed back to households-great isn't it. Has he factored in the billions in lost tax? Of course he hasn't
Burwood said:
Agreed. Heres a lesson in finance for all you Labour supporters who are too thick to understand. Take one company, National Grid (NG). It earns about £3B and pays £5-600M in taxes ever year. This will all vanish under Corbyn. Why you ask? Because the clown will destroy earnings by capping everyones Bill. He is also deluded if he thinks the Labour Government can issue a Bond at a rat st coupon for 20 years. Third, National Grid ALREADY HAS DEBT to the tune of £19B. Are they going to offer bonds to those debt holders. I think they will find they can't. The minimum price to Buy NG is 40B share value+debt of almost £20. £60B.
But what we have here is proof that a politician can make completely ludicrous statements and seemingly get votes. I for one do not think the media have challenged him enough on this by stating, according to prof X you are talking manure, again.
Why could the existing corporate debt not remain with the current debt holders?t coupon for 20 years. Third, National Grid ALREADY HAS DEBT to the tune of £19B. Are they going to offer bonds to those debt holders. I think they will find they can't. The minimum price to Buy NG is 40B share value+debt of almost £20. £60B. But what we have here is proof that a politician can make completely ludicrous statements and seemingly get votes. I for one do not think the media have challenged him enough on this by stating, according to prof X you are talking manure, again.
sidicks said:
Burwood said:
Agreed. Heres a lesson in finance for all you Labour supporters who are too thick to understand. Take one company, National Grid (NG). It earns about £3B and pays £5-600M in taxes ever year. This will all vanish under Corbyn. Why you ask? Because the clown will destroy earnings by capping everyones Bill. He is also deluded if he thinks the Labour Government can issue a Bond at a rat st coupon for 20 years. Third, National Grid ALREADY HAS DEBT to the tune of £19B. Are they going to offer bonds to those debt holders. I think they will find they can't. The minimum price to Buy NG is 40B share value+debt of almost £20. £60B.
But what we have here is proof that a politician can make completely ludicrous statements and seemingly get votes. I for one do not think the media have challenged him enough on this by stating, according to prof X you are talking manure, again.
Why could the existing corporate debt not remain with the current debt holders?t coupon for 20 years. Third, National Grid ALREADY HAS DEBT to the tune of £19B. Are they going to offer bonds to those debt holders. I think they will find they can't. The minimum price to Buy NG is 40B share value+debt of almost £20. £60B. But what we have here is proof that a politician can make completely ludicrous statements and seemingly get votes. I for one do not think the media have challenged him enough on this by stating, according to prof X you are talking manure, again.
Burwood said:
Why would it. I highly doubt they are getting a gilt like coupon. in fact the interest is closer to 4%. It would have to be redeemed or negotiated. Whats a 20y bond, 2.5%-2.7, something like that. In any event Sidicks, i am merely pointing out the obvious issues with their claims that it's a straight 'swap'. I say this on the assumption Corbyn would want to pay less than the corporate bond existing-and we know he would
When one company purchases other (equity) there is no reason why the debt has to be renegotiated.If Corbyn is so hopeless, how come the Conservatives lead has narrowed so much?
I guess their mistake was basing their campaign on Mays personality, but she hasn't got one... the strong & stable one relies upon mindless repetition of slogans
Corbyn is doing far better than anyone predicted.
Hoping he peaks at the right time to slash/reverse their majority
I guess their mistake was basing their campaign on Mays personality, but she hasn't got one... the strong & stable one relies upon mindless repetition of slogans
Corbyn is doing far better than anyone predicted.
Hoping he peaks at the right time to slash/reverse their majority
Jimboka said:
If Corbyn is so hopeless, how come the Conservatives lead has narrowed so much?
Because his nonsense policies appeal to ignorant voters?Jimboka said:
I guess their mistake was basing their campaign on Mays personality, but she hasn't got one... the strong & stable one relies upon mindless repetition of slogans
Corbyn is doing far better than anyone predicted.
Hoping he peaks at the right time to slash/reverse their majority
The bookmakers' odds would suggest otherwise.Corbyn is doing far better than anyone predicted.
Hoping he peaks at the right time to slash/reverse their majority
sidicks said:
Burwood said:
Why would it. I highly doubt they are getting a gilt like coupon. in fact the interest is closer to 4%. It would have to be redeemed or negotiated. Whats a 20y bond, 2.5%-2.7, something like that. In any event Sidicks, i am merely pointing out the obvious issues with their claims that it's a straight 'swap'. I say this on the assumption Corbyn would want to pay less than the corporate bond existing-and we know he would
When one company purchases other (equity) there is no reason why the debt has to be renegotiated.Burwood said:
Sid, i'm too tired to argue. We are both not wrong ok. The plan has still been sold on BS and leaves gaping holes in the public purse.
I certainly agree on that. There is, however, no reason that any change would have to be made to the existing corporate bonds and hence incorporating that into any projected borrowing requirements, is misleading.Jimboka said:
If Corbyn is so hopeless, how come the Conservatives lead has narrowed so much?
I guess their mistake was basing their campaign on Mays personality, but she hasn't got one... the strong & stable one relies upon mindless repetition of slogans
You answered your own question. The fact that the Tory manifesto and May are very unappealing to many Tory voters doesn't make Corbyn any less of a hopeless idiot.I guess their mistake was basing their campaign on Mays personality, but she hasn't got one... the strong & stable one relies upon mindless repetition of slogans
fblm said:
JC: Our offer is we will invest for the future. Invest in the future of our children.
AN: And part of the investing in the future you plan to borrow a lot to do that. How much will you borrow?
JC: What we will do is for the public ownership elements there’ll be an exchange for bonds for shares in it.
AN: What’s a bond?
JC: A government bond?
AN: Yes, it’s a debt instrument. It’s borrowing.
JC: Well, it’s a bond – is a government bond which would be serviced by the income from that service, but in addition we would have control of it.
AN: But you would still have to borrow. Bonds are borrowing. You would borrow.
JC: Take the water industry, for example, which has been a method of siphoning off profits out of this country to offshore companies that made a lot of money at the same time leaving us with expensive water and in some cases very bad levels of pollution.
AN: You would need to borrow – I understand the case but you would need to borrow to buy the utilities.
JC: No, it’s not. It’s a swap of the shares for a government bond.
AN: But if you’re issuing bonds, Mr Corbyn, you’re issuing government debt. You are borrowing.
JC: Issuing bonds that we own which would be paid for by the profits from the industries, so instead of the profits –
AN: You’ve said you would cut the water utilities’ profits. That means you wouldn’t have the money to pay for the bonds.
Corbyn is a moron and so are those who support him.
I would agree with all of the above with one exception we need to start inserting the word "Dangerous" next to everything he says because how the Country would look after 5 years of him and McDonnell is just plain scary.AN: And part of the investing in the future you plan to borrow a lot to do that. How much will you borrow?
JC: What we will do is for the public ownership elements there’ll be an exchange for bonds for shares in it.
AN: What’s a bond?
JC: A government bond?
AN: Yes, it’s a debt instrument. It’s borrowing.
JC: Well, it’s a bond – is a government bond which would be serviced by the income from that service, but in addition we would have control of it.
AN: But you would still have to borrow. Bonds are borrowing. You would borrow.
JC: Take the water industry, for example, which has been a method of siphoning off profits out of this country to offshore companies that made a lot of money at the same time leaving us with expensive water and in some cases very bad levels of pollution.
AN: You would need to borrow – I understand the case but you would need to borrow to buy the utilities.
JC: No, it’s not. It’s a swap of the shares for a government bond.
AN: But if you’re issuing bonds, Mr Corbyn, you’re issuing government debt. You are borrowing.
JC: Issuing bonds that we own which would be paid for by the profits from the industries, so instead of the profits –
AN: You’ve said you would cut the water utilities’ profits. That means you wouldn’t have the money to pay for the bonds.
Corbyn is a moron and so are those who support him.
fblm said:
I know a few who did and said at the time that it was quite a gamble. A week is a long time in politics etc... what's genuinely frightening is that there are millions who will vote for him, as damning indictment of the education system as any.
Agree fully. Let's just hope they're too busy eating pot noodles and twittering to get off their arses to go and vote.sidicks said:
I certainly agree on that. There is, however, no reason that any change would have to be made to the existing corporate bonds and hence incorporating that into any projected borrowing requirements, is misleading.
I doubt they have thought that far ahead it's simply take on the company that is all. Then if it happened it would be oh yea balls that's something we overlooked... don't worry we have Abbott to use to mastermind the numbers to the press, the press will hang on the don't know the numbers instead of actually there is a cluster f
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