Ajw71 wrote:
The thing is lefties are so unhappy about this news. They would actually rather the economy flat line than have a recovery where the Tories are in any way involved. All quite ironic considering they claim the Tories are the ones driven by ideology and that they are the ones 'looking out for the poor' - the same poor along with normal decent hard working people who lose out with a stalling economy.
"Football Supporter Politics"
You speak as though the economy is booming and, plainly, it isn't.
Overall, it is still bumping along the bottom (see Cod'ead's graph above, which you seem to have ignored) and, if you look at the rest of the country outside of the City, not even that good.
80% of jobs created in the last three years are part-time, youth unemployment has got worse and wages of those actually in work are trailing way behind inflation.
UK output is still more than 3% below what it was in pre-recession 2008.
Yeah, if you like all the above, the economy is doing fantastically great, recovering at less than half the growth rate in the US where stimulus was used.
Osborne's plan to just sit on his hands, avoid stimulus, let the economy stagnate for four years and do nothing except wait seems to be just the ticket.
Arguably, Mark Carney's announcement about interest rates has done more good for the economy than Osborne's years of cut, cut, cut and cut again.
The reason Osborne is accused of ideology is obvious and undeniable, his cuts are targeted at welfare and the poor, simple as that.
Yes, the poor do lose out with a stalling economy ... they lose out even more with Osborne.
