Labour's handling of the economic crisis has been exemplary

[Muttley08]

I've got rich out of Labour. Haven't you?

HTH

Yes - ridiculous civil service spending has benefited me in contracts a lot - but it was all a ridiculous bubble gordon couldn't help himself but let grow ridicously and think it would continue forever. I took advantage of it, but think long term we're all going to suffer - govt IT spending is going to be very low for a long time to come...

[sasguru]

Yes - ridiculous civil service spending has benefited me in contracts a lot - but it was all a ridiculous bubble gordon couldn't help himself but let grow ridicously and think it would continue forever. I took advantage of it, but think long term we're all going to suffer - govt IT spending is going to be very low for a long time to come...

Doesn't matter though - clearly you didn't make the same mistake and have invested your boom money wisely.

[TimberWolf]

It's all very well having 20/20 hindsight, I want to know what to do now. Gaw'd, in hindsight, 1997 UK was such a nice place.

[milanbenes]

'Do you think the NewLie can pay back the money it has borrowed from the current income - current exp.?

I don't think they can, so something has to change.'



yes, that'll be inflation

Milan.

[Muttley08]

Doesn't matter though - clearly you didn't make the same mistake and have invested your boom money wisely.

I have (well hope so) - sold house 2 yrs ago, in rented still (more annoying than i thought) - still waiting for house prices to drop further - just annoying its being very drawn out

I'm not at the phase of my career where I've got enough to hang up my mouse though - hence annoyed that the whole economy is knackered for a long time yet.

As an aside, we either need to either let capitalism work (and have cyclical behaviour) or just go the whole hog and become socialist (then gordon can meddle until his hearts content).

Read about Labour's attempts to discredit that ex head of the army guy who spoke out against them this morning as well (through expenses etc) - they're just so dim that they think they can get away with it, without people noticing what a bunch of moronic, bitter little people they are....

Anyway, grumpy, rant mode off for now

[Doggy Styles]

Yes I know el Gordo caused it, but as far as recovering from a mistake is concerned, Labour have done well.
Textbook Keynesian stimulus policies have done the job.
The Tories would probably have tightened everything and made it worse.

Very good, sas!

If you are increasing your mortgage debt by between 5% and 10% every year just to pay your day-to-day expenses, would you say you are handling your finances well?

Brown is just putting off the day until after the election, when the Tories will have it dumped in their laps, and it will be worse than if we faced up to it now. Brown has put party politics before the good of the economy.

[TimberWolf]

Perhaps the Tories should be doing a better of job of explaining to the populace how flipped we are for the next 2 generations or so? Or is that unpatriotic?

[Muttley08]

that's talking down the economy...or being realistic...can't do that...the economy is all about confidence after all isn't it? no substance there actually - it's just all like the pr / spin we all know so much about!!!! grrrr!!!

[TimberWolf]

that's talking down the economy...or being realistic...can't do that...the economy is all about confidence after all isn't it? no substance there actually - it's just all like the pr / spin we all know so much about!!!! grrrr!!!

Yep, the last 10 years have been style over substance. Those with style have seen boom years.

[d000hg]

Savers and those without houses are paying the bill instead of borrowers. Can this happy situation last forever?

Well, the ones with money are more able to pay than those in debt so on average it works out. Sucks if you are one of the sensible ones forced to pay of course.