The boom was just living on debt

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shaunbhoy replied

24 March 2010, 13:03
Originally posted by Tarquin Farquhar View Post

I'd say that, apart from the crash (which no other party could have handled so well)

No other Party having had the levels of experience where really huge "crashes" were involved.

Originally posted by Tarquin Farquhar View Post

the Telegraph data shows a job consistently well done since 1997.

Indeed. But that only holds true if the "job" in question was allowing the country to hock itself up to the eyeballs.
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Moscow Mule replied

24 March 2010, 12:32
The Net Debt is particularly telling - it seems the UK accounts followed the housing boom piling more and more debt on.

It looks like GB abandoned his golden rule about 2002...

Fact of the matter is the GB is a habitual liar, a thief and an idiot all rolled into one.
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Tarquin Farquhar replied

24 March 2010, 12:31
Originally posted by DimPrawn View Post

That's like saying your debt fuelled lifestyle was just a sound expanding income right up until the credit companies called in the bailiffs.

I don't mind your claiming that the country lived on debt, but don't try to claim that the Telegraph graphs show that. They do not.
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DimPrawn replied

24 March 2010, 12:29
Originally posted by Tarquin Farquhar View Post

The graphs shown in your link don't show that at all. They show clearly a sound and expanding economy, up until the global crash hit in 2008.

.

That's like saying your debt fuelled lifestyle was just a sound expanding income right up until the credit companies called in the bailiffs.
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Tarquin Farquhar replied

24 March 2010, 12:28
Originally posted by DimPrawn View Post

http://www.telegraph.co.uk/finance/f...er-Labour.html

Pay back time!

The graphs shown in your link don't show that at all. They show clearly a sound and expanding economy, up until the global crash hit in 2008.

I'd say that, apart from the crash (which no other party could have handled so well) the Telegraph data shows a job consistently well done since 1997.
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DimPrawn started a topic The boom was just living on debt

24 March 2010, 12:14
The boom was just living on debt

http://www.telegraph.co.uk/finance/f...er-Labour.html

Pay back time!
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