Re: It's a Double dip : Thu Apr 26, 2012 2:06 pm  

Dally wrote:

So, you want job specific taxes?

What about sportsmen for example? Doctors? Public servants (sic)?

It was only a suggestion and is probably not viable anyway. The point was that those are the clowns that helped to cause the mess, that the government of the time had to sort out (and Minty and I have discussed THAT issue ). On that basis, perhaps they should be making a more than normal contribution to the recovery, don't you think, even if its only to thank us poor taxpayers for keeping them in the lifestyle they'd become accustomed to?

Re: It's a Double dip : Thu Apr 26, 2012 2:12 pm  

Mintball wrote:

Pish! What are you doing posting facts, Mr B?

Next you'll want to remind people that the US engaged in a programme of stimulus.

Quite.
Doesn't work though does it?
I mean Alistair Darling did it and GDP went up and we can't be having that can we?

I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.

Re: It's a Double dip : Thu Apr 26, 2012 2:23 pm  

El Barbudo wrote:

I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.

That can't be right surely?

Re: It's a Double dip : Thu Apr 26, 2012 2:24 pm  

El Barbudo wrote:

I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.

That can't be right surely?

Re: It's a Double dip : Thu Apr 26, 2012 2:27 pm  

Chris28 wrote:

That can't be right surely?

I can not see how anyone would be so thick as to not see this coming.
Lay off/reduce the income of millions and there is no way an economy is going to head anyway but down.
Gideon maybe a lot of things but I dont think he is thick which leads to option 2.
He is upperclass slime and doesn't give a monkies about the plebs as long as him and his mates do ok.

Re: It's a Double dip : Thu Apr 26, 2012 2:34 pm  

Anakin Skywalker wrote:

I can not see how anyone would be so thick as to not see this coming.
Lay off/reduce the income of millions and there is no way an economy is going to head anyway but down.
Gideon maybe a lot of things but I dont think he is thick which leads to option 2.
He is upperclass slime and doesn't give a monkies about the plebs as long as him and his mates do ok.

I'm not convinced that he isn't thick tbh

Re: It's a Double dip : Thu Apr 26, 2012 3:00 pm  

Chris28 wrote:

I'm not convinced that he isn't thick tbh

No one can be THAT thick surely?

Re: It's a Double dip : Thu Apr 26, 2012 3:29 pm  

Anakin Skywalker wrote:

No one can be THAT thick surely?

He managed GCSE maths, that's the closest to any financial qualifications although even then the rumour is it was a 'D' grade

Re: It's a Double dip : Thu Apr 26, 2012 3:54 pm  

Mintball wrote:

We had lower national debt than Germany (and other countries drawn into the crisis) at the time.

This is a fact.

In 2008-09, the deficit was lower than it had been since before 1979.

That is a fact.

Worrying about national debt as percentage of national income is simplistic: from approximately 1740 to the late 1870s, for instance, the UK consistently had a national debt of over 100% of national income.

That is a fact.

Things have got worse because of the cretins currently in office, because of policies that are economically illiterate or simply designed to cream off as much as possible for them and their friends.

So what. Fact is we had a disproportionate, unaffordable banking sector which needed bailing out. Fact is we had huge household debts.

Re: It's a Double dip : Thu Apr 26, 2012 4:01 pm  

Dally wrote:

So what. Fact is we had a disproportionate, unaffordable banking sector which needed bailing out.

A private (if regulated) industry bailed out by the public purse. So, the cause of the increase to the "lower" deficit, rather than other "ludicrous" public spending?

How many other private companies have been bailed out by government/the public? How many haven't?

And people wonder why bankers are hated.