So Gus is not that confident then...
So Gus is not that confident then...
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Pupp

Original Poster:

13,001 posts

302 months

Tuesday 14th December 2010
quotequote all
Plan B

Weren't we told this was the 'only way...'? Hmmm


turbobloke

117,312 posts

290 months

Tuesday 14th December 2010
quotequote all
This paper by GOD was mentioned in the London free press today and presumably elsewhere. It suggests to Ossy that he should have something by way of a stimulus in his back pocket should the need arise. Ossy has commented, allegedly saying he hasn't asked GOD for advice.

Which is fair enough as everybody knows that was Bliar's way...

JungleJim

2,428 posts

242 months

Tuesday 14th December 2010
quotequote all
always have a plan B.

What would you say if Plan A didn't work, and they turned around and said they hadn't considered contingencies?

TheEnd

15,370 posts

218 months

Tuesday 14th December 2010
quotequote all
I'm sure everyone assumed there would have been alternates for different scenarios.


groak

3,254 posts

209 months

Tuesday 14th December 2010
quotequote all
But what would you say if Plan A wasn't much good and Plan B was the reinstatement of Brown/Darling measures?

turbobloke

117,312 posts

290 months

Tuesday 14th December 2010
quotequote all
groak said:
But what would you say if Plan A wasn't much good and Plan B was the reinstatement of Brown/Darling measures?
Describe the pig flying by the window?

However it would be of interest to know what Brown/Darling measures you have in mind as that comment is suspiciously like a vague soundbite response.

Brown and Darling were spending it like Beckham, do you really see that happening again? After all Byrne admitted there was no money left.

groak

3,254 posts

209 months

Tuesday 14th December 2010
quotequote all
turbobloke said:
groak said:
But what would you say if Plan A wasn't much good and Plan B was the reinstatement of Brown/Darling measures?
However it would be of interest to know what Brown/Darling measures you have in mind
.
Well let's say QE for a start.....and a reversal of the silly VAT increase to a cut in tax instead...

Edited by groak on Tuesday 14th December 23:03


Edited by groak on Tuesday 14th December 23:06

zollburgers

1,285 posts

213 months

Tuesday 14th December 2010
quotequote all
Pupp said:
Plan B

Weren't we told this was the 'only way...'? Hmmm
You'd prefer boom or bust?

It would be reckless to not plan for other situations.

Does your job involve 'doing things'? Most do. Do you only ever consider one outcome?

Pupp

Original Poster:

13,001 posts

302 months

Tuesday 14th December 2010
quotequote all
zollburgers said:
Pupp said:
Plan B

Weren't we told this was the 'only way...'? Hmmm
You'd prefer boom or bust?

It would be reckless to not plan for other situations.

Does your job involve 'doing things'? Most do. Do you only ever consider one outcome?
I consider the outcome I'm instructed to achieve. I guess I consider different strategies to get there...

On this, I'm just intrigued by the distancing that is occurring. I'm not critical of contingency planning but would prefer transparency if original plans are crumbling...

turbobloke

117,312 posts

290 months

Tuesday 14th December 2010
quotequote all
groak said:
turbobloke said:
groak said:
But what would you say if Plan A wasn't much good and Plan B was the reinstatement of Brown/Darling measures?
However it would be of interest to know what Brown/Darling measures you have in mind
.
Well let's say QE for a start.....and a reversal of the silly VAT increase to a cut in tax instead...
Wasn't aware QE had been stopped - since the regs changed such that notification need not be given, hasn't the view been that it has indeed continued?

Also Brown and Darling already had the rate back up to 17.5%, according to HMRC "temporarily reduced to 15 per cent on 1 December 2008 and it returned to 17.5 per cent on 1 January 2010" so that's not quite right either.

Which isn't to say that a VAT reduction ought not to have been considered.

groak

3,254 posts

209 months

Tuesday 14th December 2010
quotequote all
When Labour got in in 97 they got in at just the right time, because following long years of crap, the economy had started on the upturn again, as it does. 10 years later Tory tony could tell the economic nightmare was just about to begin so he fekked off leaving silly old Gordon to takeover just as it all started to go seriously peary, as it does. Now its 2010 and wotsisname is PM, but he's not lucky like Tory Tony and hasn't come in just as a crap time is ending and a boom is beginning. He's come in during a continuation of crap time, and (trust me here) nothing he says or does or anything his cronies or advisers say or do is going to alter things one bit. he's decided to do things. Silly things if you ask me. And unlike the things gruesome gordon did, nobody in other countries is rushing to copy them, and of course he's panicking because he's going to look a dikk if his silliness makes things worse as they're likely to do. Only the daftest Garnetts are going to keep shouting its labours fault when his tricks dont work, and most people are going to say this prikk doesnt know what he's doing. So he's keeping the standby option to go back to Gordonism which at least the rest of the wworld copied and which may not make anything better but at least smothers it like spraying that appalling air freshener in the room when someone does a particularly virulent fart. EVENTUALLY things do get better but wotsisnames problem is that if thats not by 2015 then just as they START to get better he's likely back on the dole, and the strange new new laabour creature gets the praise for his economic skill which really amounts to not much more than being lucky enough to get voted in as things get better again.

Im drunk as you can tell, but thats not a bad way of explaining how the vagaries of the economic cycle have nothing whatsoever to do with who you vote for. As far as working somme economic miracle goes you'd be as well voting for Shaun the Sheep, or Sponge Bob depending which vision of centrism you prefer.

turbobloke

117,312 posts

290 months

Tuesday 14th December 2010
quotequote all
groak said:
When Labour got in in 97 they got in at just the right time, because following long years of crap, the economy had started on the upturn again, as it does.
laugh

groak said:
10 years later Tory tony could tell the economic nightmare was just about to begin so he fekked off leaving silly old Gordon to takeover just as it all started to go seriously peary, as it does.
laugh

"As it does". A transparent device, lacking attribution, suggesting that it just happens.

"Just about to" yes all by itself.

It goes pear shaped under Labour and gets sorted by the Conservatives. That's what it does.

For any person with a working lifetime of 30 to 40 years to look back on that's the unavoidable perspective.

EDLT

15,421 posts

236 months

Tuesday 14th December 2010
quotequote all
JungleJim said:
always have a plan B.

What would you say if Plan A didn't work, and they turned around and said they hadn't considered contingencies?
That.

Seems that they are damned if they do, damned if they don't.

eharding

14,648 posts

314 months

Tuesday 14th December 2010
quotequote all
groak said:
Im drunk as you can tell
Nope - sounds just like the standard Groak output we've come to cherish - I didn't notice anything different.

On the other hand, perhaps a sobriety test might be required.

I want to you to stand on one leg, close your eyes, put your left fore-finger on your nose, your right thumb in your left ear, and whistle Dixie.

There, that should keep the ambulance crew amused when they find him concussed in front of his PC.


Edited by eharding on Tuesday 14th December 23:53

groak

3,254 posts

209 months

Tuesday 14th December 2010
quotequote all
turbobloke said:
groak said:
When Labour got in in 97 they got in at just the right time, because following long years of crap, the economy had started on the upturn again, as it does.
laugh

groak said:
10 years later Tory tony could tell the economic nightmare was just about to begin so he fekked off leaving silly old Gordon to takeover just as it all started to go seriously peary, as it does.
laugh

"As it does". A transparent device, lacking attribution, suggesting that it just happens.

"Just about to" yes all by itself.

It goes pear shaped under Labour and gets sorted by the Conservatives. That's what it does.

For any person with a working lifetime of 30 to 40 years to look back on that's the unavoidable perspective.
Now I'm not a pelliticle fella but I distinctly remember sitting in my villa in javea in 1989 listening to endless expat Ruperts boasting about their nigel and nigellas amazing speculative skills in the tory governed UK property market which was on an endless upswing! Lo and behold about two years later I'm sitting in one ofmy carpet shops asking myself just how a property maarket could crash so fast taking all the ancillaries that depend on fast moving property (like carpet shops) down with them. And then long and paainful recessionary years of Tory governance with rocketing unemployment and everything 'slimmed down' in business to the point where service collapses and bosses have to do 70 hour weeks till FINALLY o FINALLY the cycle begins to turn again around about 96 and the tory governed bust starts to give way to boom again....

....so I ask myself, did the tories engineer that early 90's recession deliberately? Nope. they didn't. It had cock all to do with which centrists The Sun decided would be in power. It's just that ole cyclic economy keeping turning and turning....

turbobloke

117,312 posts

290 months

Tuesday 14th December 2010
quotequote all
Does not compute.

An economic genius who saved the world told everybody he had abolished boom and bust.