Jeremy Corbyn Vol. 2
Discussion
jjlynn27 said:
Jockman said:
John McDonnell was absolutely roasted on R4 This Morning. He seems to just make it up as he goes along. Bit like Labour Election Commitments.
Hammond is on now.
J McD was on the radio yesterday as well, I never heard him speak before. So many words to say grand total of sweet FA. Waste of radio time. Hammond is on now.
He pointed out France's productivity and state spending. It was thrown back at him France's unemployment level ie was he prepared to accept this potential consequence?...........tumbleweed......
He seemed to be implying that any public spending was 'an investment' as it would increase growth 1:1? Well no s
t when public spending is included in gdp!
Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
t when public spending is included in gdp!Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
Sway said:
He seemed to be implying that any public spending was 'an investment' as it would increase growth 1:1? Well no st when public spending is included in gdp!
Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
Didn't hear the beginning of the interview but, as you allude, he stated that all 'investment' would pay for itself straight away as Employees would pay taxes.t when public spending is included in gdp!Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
What sort of tax rate is the guy advocating?
Interesting FT article on JC's favourite example of a socialist utopia yesterday. Venezuela is now in imminent danger of defaulting on its sovereign debt, has virtually no foreign currency reserves, inflation is running at 50% and Nicolas Maduro himself has been accused of crimes against humanity in the Hague.
Can't imagine why Jeremy doesn't mention it much any more . . .
Can't imagine why Jeremy doesn't mention it much any more . . .
Jockman said:
John McDonnell was absolutely roasted on R4 This Morning. He seems to just make it up as he goes along. Bit like Labour Election Commitments.
Hammond is on now.
Andrew Neil ripped into him yesterday on the post Budget show on BBC2. He clearly hadn’t got a clue on how he was going to pay for anything without increasing the national debt Hammond is on now.
Smollet said:
Jockman said:
John McDonnell was absolutely roasted on R4 This Morning. He seems to just make it up as he goes along. Bit like Labour Election Commitments.
Hammond is on now.
Andrew Neil ripped into him yesterday on the post Budget show on BBC2. He clearly hadn’t got a clue on how he was going to pay for anything without increasing the national debt Hammond is on now.
His effort this morning was risible - 'trite journalism' jibe etc. He'll be getting flak for that for some time yet...
Jockman said:
It concerns me that - as our next Chancellor - he does not know the interest payments on our current debt. It concerns me more that he does not know what the repayments will be on additional borrowing. I thought the Opposition costed its commitments?
He pointed out France's productivity and state spending. It was thrown back at him France's unemployment level ie was he prepared to accept this potential consequence?...........tumbleweed......
Regardless of how bad May is, and she is abysmal, I doubt that Corbyn has any chance of getting to No10. Just not going to happen, not now, not ever. As for JMcD, he was mumbling something about borrowing more to invest in infrastructure, it sounded like someone who caught up Keynesian economics in 3 easy lessons, failed to understand half of it and just repeats what someone wrote for him. Dismal performance. UK deserves much, much better opposition.He pointed out France's productivity and state spending. It was thrown back at him France's unemployment level ie was he prepared to accept this potential consequence?...........tumbleweed......
McDonnell's advisor Anastasia Nesvetailova, said yesterday on BBC that 'austerity is a political philosophy, not an economic necessity', and later also on BBC, McDonnell himself trotted out the same mantra. In neither case was the statement challenged. What possible purpose could austerity as a political philosophy have that would benefit either the party promoting it or the population in general unless the state of economy demanded it? It comes from the same lexicon as 'the Tories are the party of the rich'. The numbers of the rich are few and they have one vote each only, so why would a party pander to a tiny minority? Austerity is a tool to try to rectify the deficit. Of course the debt is higher now than when Brown was in charge because there is still a deficit! Unless, of course, 'austerity' really means less largesse to the recipients of benefits, and less than gold plated conditions of employment in the public sector.
Criticism of matters concerning the economy from John McDonnell ring pretty hollow from man who is on film saying that the financial collapse in 2008 was what he'd been waiting for all his life as a Marxist.
Criticism of matters concerning the economy from John McDonnell ring pretty hollow from man who is on film saying that the financial collapse in 2008 was what he'd been waiting for all his life as a Marxist.
Jockman said:
Sway said:
He seemed to be implying that any public spending was 'an investment' as it would increase growth 1:1? Well no st when public spending is included in gdp!
Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
Didn't hear the beginning of the interview but, as you allude, he stated that all 'investment' would pay for itself straight away as Employees would pay taxes.t when public spending is included in gdp!Didn't catch the full interview - were any of the 'investments' he mentioned the story of thing that would provide a return (bearing in mind that for the spending to be offset it would need to achieve roughly five times ROI in order for tax receipts to match the spend?
What sort of tax rate is the guy advocating?
Thread that stupendous claim together with the fact that not only does he not know how much the borrowing costs would be, but doesn't appear to care, and you've got a pretty explosive cocktail of f
k-wittery. AND, AND, AND, earlier in the programme, they had someone on babbling about the stamp duty waiver announced yesterday. Basic premise: stamp duty isn't a very useful tax because you can avoid it by not selling [sic] your house and we'd be better off with an annual property tax.
"Look at those bloody unemployed people, avoiding income tax by not having jobs. The s
ts!"The f
king woman from the water board pissed me off royally too, simply because her media training made her utterly immune to questions. f
k I was in a bad mood by the time I left the house. Greg66 said:
That part of the interview was jaw dropping. "It will pay for itself". Sao, say £100bn of debt spent on [insert whatever you like] will create enough jobs to generate enough income tax to repay £100bn plus interest.
Thread that stupendous claim together with the fact that not only does he not know how much the borrowing costs would be, but doesn't appear to care, and you've got a pretty explosive cocktail of fk-wittery.
AND, AND, AND, earlier in the programme, they had someone on babbling about the stamp duty waiver announced yesterday. Basic premise: stamp duty isn't a very useful tax because you can avoid it by not selling [sic] your house and we'd be better off with an annual property tax.
"Look at those bloody unemployed people, avoiding income tax by not having jobs. The sts!"
The fking woman from the water board pissed me off royally too, simply because her media training made her utterly immune to questions.
fk I was in a bad mood by the time I left the house.
and breath ........Thread that stupendous claim together with the fact that not only does he not know how much the borrowing costs would be, but doesn't appear to care, and you've got a pretty explosive cocktail of f
k-wittery. AND, AND, AND, earlier in the programme, they had someone on babbling about the stamp duty waiver announced yesterday. Basic premise: stamp duty isn't a very useful tax because you can avoid it by not selling [sic] your house and we'd be better off with an annual property tax.
"Look at those bloody unemployed people, avoiding income tax by not having jobs. The s
ts!"The f
king woman from the water board pissed me off royally too, simply because her media training made her utterly immune to questions. f
k I was in a bad mood by the time I left the house. Sway said:
He seemed to be implying that any public spending was 'an investment' as it would increase growth 1:1? Well no st when public spending is included in gdp!
There's a Churchill quote somewhere about spending your way out of debt being like digging your way out of a hole. But I forget the exact wording. t when public spending is included in gdp!Gargamel said:
Johnnytheboy said:
There's a Churchill quote somewhere about spending your way out of debt being like digging your way out of a hole. But I forget the exact wording.
Akin to trying to raise yourself up by standing in a bucket and lifting up the handle 
Jockman said:
johnxjsc1985 said:
Not someone I would vote for however. She has made quite a success of her life since her early pregnancy. Regardless of her Education she represents people who she knows well and furthermore actually understands their needs.
Agreed. Based on her QT appearance a few weeks ago, she has also softened her bolshy approach of shouting at / over people.Not my kind of politics but she's growing into her role.
Sometimes the elitism at looking at people like this makes me queasy, and is linked to problems the UK has.
Halb said:
Jockman said:
johnxjsc1985 said:
Not someone I would vote for however. She has made quite a success of her life since her early pregnancy. Regardless of her Education she represents people who she knows well and furthermore actually understands their needs.
Agreed. Based on her QT appearance a few weeks ago, she has also softened her bolshy approach of shouting at / over people.Not my kind of politics but she's growing into her role.
Sometimes the elitism at looking at people like this makes me queasy, and is linked to problems the UK has.
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