Originally posted by DodgyAgent
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Autumn statement - economic stimulus
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Always forgive your enemies; nothing annoys them so much. -
Originally posted by vetran View Postnot sure that is true, they may be pro business but they also want it regulated. Tony & co had the wool pulled over their eyes not sure the grown ups in the Tory party would have missed it.
Cameron to the Institute of Directors, 2006 - "I want to give you lower taxes and less regulation." (link)
Mark Hoban (then Shadow Financial Secretary to the Treasury) November 2006 - "Light-touch.. regulation is in the interests of the sector globally and the Government need to send that message more strongly"
Osborne, writing in The Telegraph, 2006 - "I fear that much of this regulation has been burdensome, complex and makes cross-border market penetration more difficult." (linky)
Cameron, June 206 - "The lessons from the City are clear. Low tax. Low regulation. Meritocracy. Openness. Innovation. These are the keys to success... we, on the centre-right, prefer to step out of the way of business."
Cameron, March 2009 speech entitled "Bringing law and order to the financial markets"- "Our approach is to cut regulation where the problem is too much of it"
Then the banks needed bailing out, and suddenly Osborne and Cameron were everywhere saying that Gordon Brown had been bamboozled by the banks and there hadn't been enough regulation.Comment
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Originally posted by TheFaQQer View PostIf the Conservatives were in power, there would have been even less regulation on banks, so the bailouts could well have been higher than Labour had to spend.Comment
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Originally posted by d000hg View PostI'm amazed you're the one in this thread I end up agreeing with most, and that you have the least partisan comments compared to a slew of "anyone who supports Labour is a moron" idiocy
Originally posted by TheFaQQer View PostIf the Conservatives were in power, there would have been even less regulation on banks, so the bailouts could well have been higher than Labour had to spend.Last edited by Zero Liability; 4 December 2014, 12:33.Comment
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Originally posted by Zero Liability View PostAnyone who supports them in the hopes of acting any differently, is.
Viewing others' actions through your own values and beliefs leads to a distorted picture.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostYour arguments don't make any sense. Labour supporters don't think "this time they'll get it right" they think Labour got it right (or more likely, less wrong) when they were in power, than the Tories would've.
Viewing others' actions through your own values and beliefs leads to a distorted picture.Last edited by Zero Liability; 4 December 2014, 12:43.Comment
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Originally posted by minestrone View PostAs far as I can tell on buying bad debt in those amounts there was no regulation. Also Major had a banking career, he would have had more insight into what was going on, and the problem did start after he was gone. We all knew that the economy was based on credit, it was obvious to everyone that it was unsustainable. Except Brown.Always forgive your enemies; nothing annoys them so much.Comment
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The origination of the credit is as much an issue as the bad debts. Besides, in the US where the bubble took off, the bad debt was purchased courtesy of the GSEs, creating a ready market for them for banks over there. In Europe, Basel helped tilt banks in favour of holding sovereign debts. At any rate, the crisis was the build up of years of bad government policies from both sides.Comment
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Originally posted by Zero Liability View PostHow did they get it right then, or less wrong, for that matter?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostI don't know since I'm not a Labour supporter. But I imagine some of the underlying principles of left-wing politics which we criticise on CUK, are the same things Labour supporters say are reasons why Labour are the ones who need to be in power.Last edited by DodgyAgent; 4 December 2014, 13:31.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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