Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 9:06 am  

cod'ead wrote:

IDS's answer to the question of increasing use of foodbanks on Daybreak this morning was that they were run by well meaning good people but that the new welfare reforms would handle everything.

So you only have to keep starving until 2017 and it will all be ok then.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 11:37 am  

Ajw71 wrote:

Why do you keep repeating something that isn't true? Just bizarre.

So, after the 2008 crash, the UK economy returned to growth in the third quarter of 2009 and continued in growth until the fourth quarter of 2010, when it dipped to -0.5. Of the following six quarters, only two showed growth and were not successive.

Ergo: "The economy was in growth in 2010. The policies of the incoming government put paid to that and sent the country back into recession."

[DaveO]

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 12:07 pm  

Ajw71 wrote:

I already have. 1.9% growth since your statement...it's really not hard. Writing lines and lines doesn't make you somehow not wrong anymore.

It never has been wrong. It's only you with your obvious inability to comprehend English grammar that thinks it is. The more you say it is the more stupid you look.

You also I see ignore the questions about the nature of the growth we see. Par for the course with you.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:01 pm  

So over the last two days we have had inflation falling further and unemployment falling further....

From the BBC:

David Tinsley, UK economist at BNP Paribas said the UK labour market was "showing spectacular strength".

David Kern, chief economist at the British Chambers of Commerce, said: "These are very strong labour market figures, which back our recent forecast of increased growth in the fourth quarter of this year."

Like Osborne said: "comprehensively wrong"....

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:05 pm  

Ajw71 wrote:

So over the last two days we have had inflation falling further and unemployment falling further....

From the BBC:

David Tinsley, UK economist at BNP Paribas said the UK labour market was "showing spectacular strength".

David Kern, chief economist at the British Chambers of Commerce, said: "These are very strong labour market figures, which back our recent forecast of increased growth in the fourth quarter of this year."

Like Osborne said: "comprehensively wrong"....

I suppose this avoided actually responding to all the points raised and questions asked.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:17 pm  

DaveO wrote:

It never has been wrong. It's only you with your obvious inability to comprehend English grammar that thinks it is. The more you say it is the more stupid you look.

You also I see ignore the questions about the nature of the growth we see. Par for the course with you.

Of course it's wrong. You are wrong now and will be even more wrong with every quarterly GDP figure.

Now I have given you an opportunity to admit you are wrong but you have continued with this bizarre line of reply in an attempt to save face.

You will therefore be reminded how wrong you are with every GDP figure released - I cannot wait.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:18 pm  

Mintball wrote:

I suppose this avoided actually responding to all the points raised and questions asked.

Good news about falling unemployment isn't it Mintball? You talk about jobs regularly on here.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:24 pm  

Ajw71 wrote:

David Kern, chief economist at the British Chambers of Commerce, said: "These are very strong labour market figures, which back our recent forecast of increased growth in the fourth quarter of this year."

Or "Phew, we guessed right! (Put the other press release through the shredder Dave)"

[DaveO]

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:29 pm  

Mintball wrote:

I suppose this avoided actually responding to all the points raised and questions asked.

Reasoning and thinking as opposed to posting bald statistics is just too hard for some.

Here is a thought and a bit of reasoning. If the unemployment figures fall below 7%, the B of E has said interest rates will rise. This will of course put peoples mortgages up and increase the cost of borrowing to businesses.

So added to the cost of living crisis we see as the cost of energy goes up, we will have increased mortgages to pay which would be great timing (not) for an election if we saw a steady increase in interest rates between now and 2015 as peoples pockets are further squeezed.

This is the last thing Osborne wants. So instead of having a figure for unemployment based on those not in a full time job (as it used to be years ago), we have a figure that takes you out of the unemployment statistics as soon as you become ineligible for JSA, then this particularly broad view as to what constitutes employment could stick a huge spanner in Osborne's economic policy which is relying on interest rates being low for years if not decades.

Lets see how independent the B of E is over interest rates if as looks likely the figure will drop below 7% and if they do put them up how Osborne spins even more strain being out on family budgets as being a good thing.

Re: No More Arguments: Austerity is Working! : Wed Dec 18, 2013 1:39 pm  

DaveO wrote:

Reasoning and thinking as opposed to posting bald statistics is just too hard for some.

Here is a thought and a bit of reasoning. If the unemployment figures fall below 7%, the B of E has said interest rates will rise. This will of course put peoples mortgages up and increase the cost of borrowing to businesses.

So added to the cost of living crisis we see as the cost of energy goes up, we will have increased mortgages to pay which would be great timing (not) for an election if we saw a steady increase in interest rates between now and 2015 as peoples pockets are further squeezed.

This is the last thing Osborne wants. So instead of having a figure for unemployment based on those not in a full time job (as it used to be years ago), we have a figure that takes you out of the unemployment statistics as soon as you become ineligible for JSA, then this particularly broad view as to what constitutes employment could stick a huge spanner in Osborne's economic policy which is relying on interest rates being low for years if not decades.

Lets see how independent the B of E is over interest rates if as looks likely the figure will drop below 7% and if they do put them up how Osborne spins even more strain being out on family budgets as being a good thing.

So unemployment falling is actually a bad thing? Seriously?