Do we really want fast economic recovery?

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AlfredJPruffock replied

19 February 2009, 16:11
Originally posted by Gordon Brown View Post

It is vital that this USA sub-prime derived recession is averted as fast as is possible.

No.1 priority is protecting British Jobs for British Workers and not returning to Boom and Bust. I like saying this.

Printing money and recreating the boom is vital and must be implemented before the next election. I think you know what I'm saying.

Aye Gordon !

Yer such a clever Laddie !

The Universe is expanding - so why not the money supply !

Ye'll be gettin' ma vote ...

PS The recovery started in December - buts oor wee secret ...
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Mich the Tester replied

19 February 2009, 16:02
Originally posted by Pickle2 View Post

Market ramping, housing obsessed greedy fookers

Yeah, that lot too.
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Pickle2 replied

19 February 2009, 16:00
Originally posted by Mich the Tester View Post

That would mean that most of the politicians, bankers and blue-chip directors that got us into this mess

Market ramping, housing obsessed greedy fookers
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Gordon Brown replied

19 February 2009, 15:57
It is vital that this USA sub-prime derived recession is averted as fast as is possible.

No.1 priority is protecting British Jobs for British Workers and not returning to Boom and Bust. I like saying this.

Printing money and recreating the boom is vital and must be implemented before the next election. I think you know what I'm saying.
Leave a comment:
Bagpuss replied

19 February 2009, 15:56
OP...Absolutely, I still think there are many people who still believe the crazy lending/asset boom is the normal state of things and we are just in a temporary setback from exponential asset growth. These sheep could start another bubble if not controlled effectively.
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PM-Junkie replied

19 February 2009, 15:55
Remember that by April the recession will be into its 4th quarter, and that is hardly brief.

Regardless, this recession will be W shaped and not U shaped, meaning that when it appears to be over, there will be a further downturn as inflation and interest rates (amongst other things) begin to reveal themselves.
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Mich the Tester started a topic Do we really want fast economic recovery?

19 February 2009, 15:51
Do we really want fast economic recovery?

Let’s presume for one moment of fantasy that Gordon’s right (yes I know, but just imagine) and the world’s economy will start to recover in April (2nd to be precise).

That would mean that most of the politicians, bankers and blue-chip directors that got us into this mess would still be in their jobs, ready to plunge us into a new crisis a few years down the line.

Shouldn’t a proper recession at least be long enough to clear out the incompetents and crooks that caused it so as to have a cleansing effect on the economy?
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