How I would tackle Brown's Great Depression

[PM-Junkie]

There was some guy on the BBC news channel last night saying effectively the toxic assets written down by the banks had been overdone because of accounting rules - ie they were paper losses not real losses as on a lot of the mortgages they were still getting the payments in!

So he was saying change the accounting rules to take the pressure off the banks and hence the rest of us.

So how come Gordon hasn't picked up on this?

Maybe because his degree was in history and his PhD thesis was on the scottish labour party, so he has absolutely NO qualifications in finance, accounting or economics - and hence hasn't the faintest idea what he's doing?

[KentPhilip]

Instead of giving the bankers a blank cheque (which they'll spend on bonuses and parties anyway), .

But the government is trying to get us to spend money and stimulate the economy. So why not blow £20K a head on some hardcore partying, and provide jobs for many (as waiters, strippers, the other, bakers, party poppers manufacturers, cleaners...)

The problem at the moment is that people are not spending. The government should give me £0.5 million and I'd blow it in the fortnight...

[MPwannadecentincome]

There was some guy on the BBC news channel last night saying effectively the toxic assets written down by the banks had been overdone because of accounting rules - ie they were paper losses not real losses as on a lot of the mortgages they were still getting the payments in!

So he was saying change the accounting rules to take the pressure off the banks and hence the rest of us.

So how come Gordon hasn't picked up on this?

[Andy2]

last 37billion lbailout asted only 3 months
how long will the next 200 billion last
until next election?

[Purple Dalek]

Instead of giving the bankers a blank cheque (which they'll spend on bonuses and parties anyway), i'd use the borrowed money to pay for the public sector and instead suspend all business taxes and increase the personal tax allowance to £20K.

Thereby giving businesses and most individuals a direct cash injection, negating the need to borrow from the tulipty banks anyway.

Cut taxes, don't pay bankers.

**** the bankers.

Don't worry, that is what is going to happen anyway once the bankers have pissed it all up the wall.

Tax cuts? Well, people will have problems paying any tax, so it'll be a no never mind.

[AlfredJPruffock]

Re-invading Iraq would be stimulating for the millitary/industrial sector.

Dont be too hard on the hard w@nking bankers folks.

[expat]

How about starting some infrastructure projects?

As in this thread.

[BrilloPad]

How about starting some infrastructure projects?

[expat]

In France, Sarko's bank bailout comes with conditions:
1. strictly no more bonuses for management.
2. shareholders' dividends limited to inflation.

He knows who is paying the piper.

[Solidec]

Government simply has no idea when it comes to structural spending.

[DimPrawn]

Instead of giving the bankers a blank cheque (which they'll spend on bonuses and parties anyway), i'd use the borrowed money to pay for the public sector and instead suspend all business taxes and increase the personal tax allowance to £20K.

Thereby giving businesses and most individuals a direct cash injection, negating the need to borrow from the tulipty banks anyway.

Cut taxes, don't pay bankers.

**** the bankers.