Jeremy Corbyn

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Jeremy Corbyn

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matt_himself Matataland 12 Aug 15 6.54am
Ideologically driven agenda, with no basis in the reality of economics. [Link] I was told once that if socialists were made to read economics, there would be no socialists. Edited by matt_himself (12 Aug 2015 7.09am) "That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02
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matt_himself

Matataland 12 Aug 15 6.54am

Ideologically driven agenda, with no basis in the reality of economics.

[Link]

I was told once that if socialists were made to read economics, there would be no socialists.

Edited by matt_himself (12 Aug 2015 7.09am)

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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Catfish Burgess Hill 12 Aug 15 7.14am
I have to admit a morbid fascination with this contest. It is like watching a slow motion film of a plane spiralling into the ground. Yes, I am an agent of Satan but my duties are largely ceremonial
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Catfish

Burgess Hill 12 Aug 15 7.14am

I have to admit a morbid fascination with this contest. It is like watching a slow motion film of a plane spiralling into the ground.

Yes, I am an agent of Satan but my duties are largely ceremonial

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Hoof Hearted 12 Aug 15 11.24am
Why is it taking so long? Miliband resigned 3 months ago FFS! I really hope Corbyn wins.... he would be an easier opponent to the tories than Michael Foot or Kinnock were. Corbyn's latest innovation.... having nailed his colours firmly to the green revolution and promoting renewable energy production he now intends to re-open the South Wales coal mines to regenerate jobs for the welsh ex-miners! Earlier on in this thread ghosteagle told us that JC resonates with Joe Public.... he must have meant Jesus Christ not Jeremy Corbyn.... 1970's solutions to 21st Century problems!
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Hoof Hearted 12 Aug 15 11.24am

Why is it taking so long?

Miliband resigned 3 months ago FFS!

I really hope Corbyn wins.... he would be an easier opponent to the tories than Michael Foot or Kinnock were.

Corbyn's latest innovation.... having nailed his colours firmly to the green revolution and promoting renewable energy production he now intends to re-open the South Wales coal mines to regenerate jobs for the welsh ex-miners!

Earlier on in this thread ghosteagle told us that JC resonates with Joe Public.... he must have meant Jesus Christ not Jeremy Corbyn.... 1970's solutions to 21st Century problems!

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We are goin up! Coulsdon 12 Aug 15 11.25am
Corbyn's idea to open a "public investment bank" is hilarious. He basically wants to print a sh*tload of money to do stuff. It's primary school economics. The problem with socialism is that you eventually run out of other people's money.
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We are goin up!

Coulsdon 12 Aug 15 11.25am

Send a Private Message to We are goin up!

Corbyn's idea to open a "public investment bank" is hilarious. He basically wants to print a sh*tload of money to do stuff. It's primary school economics.

The problem with socialism is that you eventually run out of other people's money.

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nickgusset Shizzlehurst 12 Aug 15 11.40am
The Tories so far have... In 2010 George Osborne promised that ideological austerity would have eliminated the budget deficit by 2015, in reality he didn't even manage to halve it. Ideological austerity resulted in the slowest post-crisis economic recovery in British history, meaning the UK's GDP per capita still hasn't recovered to pre-crisis levels. Ideological austerity coincided with the longest sustained decline in UK average wages since records began. Ideological austerity resulted in George Osborne creating more new public debt than every single Labour government in history combined. The majority of trained economists agree with the proposition that George Osborne's post-crisis austerity agenda damaged the UK economy. Ideological austerity has resulted in a massive transference of wealth from the majority to the tiny super rich minority. As much as the Tories and their allies in the right-wing press will try to fearmonger about "Corbynomics" meaning ever more borrowing, the economic evidence and the historical record is on Jeremy Corbyn's side when he says that public debt can be reduced through intelligent investment in things that stimulate more economic activity than they cost. From a macroeconomic perspective the policy of using the current ultra-low costs of government borrowing in order to invest in economically beneficial activity like improvements in public infrastructure, housing, education and support for high-tech industries makes sense. Anyone who is familiar with the concept of fiscal multiplication knows that targeted investment makes a lot more sense than severe, target driven funding cuts. The historical record also supports Jeremy Corbyn's position that large public debts can be reduced through investment. After the Second World War the UK's public debt stood at an enormous 238% of GDP (which is almost four times the public debt inherited by George Osborne in 2010). Even though the debt was so high back then, the post-War Prime Minister Clement Attlee instigated a massive investment programme which included the foundation of the NHS, introduction of Legal Aid, construction of hundreds of thousands of decent houses per year and major improvements to pensions, unemployment benefits and disability allowances. The simplistic worldview that underpins ideological austerity says that such massive investments should have continued to increase the debt, but in reality the debt began to fall dramatically. By the time Attlee left government the debt had fallen by well over 40% of GDP, and by the time the post-war consensus was torn up in 1979 and replaced with the Thatcherite economic ideology, the debt was down to 43% of GDP. In contrast George Osborne's programme of ideologically driven cuts has seen the public debt continue to soar, resulting in him missing all of the economic projections he made in 2010 and almost doubling the level of public debt in the space of just five years. From [Link]
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nickgusset

Shizzlehurst 12 Aug 15 11.40am

The Tories so far have...
In 2010 George Osborne promised that ideological austerity would have eliminated the budget deficit by 2015, in reality he didn't even manage to halve it.
Ideological austerity resulted in the slowest post-crisis economic recovery in British history, meaning the UK's GDP per capita still hasn't recovered to pre-crisis levels.
Ideological austerity coincided with the longest sustained decline in UK average wages since records began.
Ideological austerity resulted in George Osborne creating more new public debt than every single Labour government in history combined.
The majority of trained economists agree with the proposition that George Osborne's post-crisis austerity agenda damaged the UK economy.
Ideological austerity has resulted in a massive transference of wealth from the majority to the tiny super rich minority.

As much as the Tories and their allies in the right-wing press will try to fearmonger about "Corbynomics" meaning ever more borrowing, the economic evidence and the historical record is on Jeremy Corbyn's side when he says that public debt can be reduced through intelligent investment in things that stimulate more economic activity than they cost.

From a macroeconomic perspective the policy of using the current ultra-low costs of government borrowing in order to invest in economically beneficial activity like improvements in public infrastructure, housing, education and support for high-tech industries makes sense. Anyone who is familiar with the concept of fiscal multiplication knows that targeted investment makes a lot more sense than severe, target driven funding cuts.

The historical record also supports Jeremy Corbyn's position that large public debts can be reduced through investment. After the Second World War the UK's public debt stood at an enormous 238% of GDP (which is almost four times the public debt inherited by George Osborne in 2010). Even though the debt was so high back then, the post-War Prime Minister Clement Attlee instigated a massive investment programme which included the foundation of the NHS, introduction of Legal Aid, construction of hundreds of thousands of decent houses per year and major improvements to pensions, unemployment benefits and disability allowances. The simplistic worldview that underpins ideological austerity says that such massive investments should have continued to increase the debt, but in reality the debt began to fall dramatically. By the time Attlee left government the debt had fallen by well over 40% of GDP, and by the time the post-war consensus was torn up in 1979 and replaced with the Thatcherite economic ideology, the debt was down to 43% of GDP.

In contrast George Osborne's programme of ideologically driven cuts has seen the public debt continue to soar, resulting in him missing all of the economic projections he made in 2010 and almost doubling the level of public debt in the space of just five years.

From [Link]

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We are goin up! Coulsdon 12 Aug 15 11.48am
Quote nickgusset at 12 Aug 2015 11.40am The Tories so far have... In 2010 George Osborne promised that ideological austerity would have eliminated the budget deficit by 2015, in reality he didn't even manage to halve it. Ideological austerity resulted in the slowest post-crisis economic recovery in British history, meaning the UK's GDP per capita still hasn't recovered to pre-crisis levels. Ideological austerity coincided with the longest sustained decline in UK average wages since records began. Ideological austerity resulted in George Osborne creating more new public debt than every single Labour government in history combined. The majority of trained economists agree with the proposition that George Osborne's post-crisis austerity agenda damaged the UK economy. Ideological austerity has resulted in a massive transference of wealth from the majority to the tiny super rich minority. As much as the Tories and their allies in the right-wing press will try to fearmonger about "Corbynomics" meaning ever more borrowing, the economic evidence and the historical record is on Jeremy Corbyn's side when he says that public debt can be reduced through intelligent investment in things that stimulate more economic activity than they cost. From a macroeconomic perspective the policy of using the current ultra-low costs of government borrowing in order to invest in economically beneficial activity like improvements in public infrastructure, housing, education and support for high-tech industries makes sense. Anyone who is familiar with the concept of fiscal multiplication knows that targeted investment makes a lot more sense than severe, target driven funding cuts. The historical record also supports Jeremy Corbyn's position that large public debts can be reduced through investment. After the Second World War the UK's public debt stood at an enormous 238% of GDP (which is almost four times the public debt inherited by George Osborne in 2010). Even though the debt was so high back then, the post-War Prime Minister Clement Attlee instigated a massive investment programme which included the foundation of the NHS, introduction of Legal Aid, construction of hundreds of thousands of decent houses per year and major improvements to pensions, unemployment benefits and disability allowances. The simplistic worldview that underpins ideological austerity says that such massive investments should have continued to increase the debt, but in reality the debt began to fall dramatically. By the time Attlee left government the debt had fallen by well over 40% of GDP, and by the time the post-war consensus was torn up in 1979 and replaced with the Thatcherite economic ideology, the debt was down to 43% of GDP. In contrast George Osborne's programme of ideologically driven cuts has seen the public debt continue to soar, resulting in him missing all of the economic projections he made in 2010 and almost doubling the level of public debt in the space of just five years. From [Link] You do realise that the UK is growing the fastest out of any G8 country? You do realise that Corbynomics would have seen debt rise more than Osborne's plan? This is schoolboy stuff, you clearly have no understanding of what you're reading. The reason Miliband couldn't attack the Tories on the economy is that they've done a pretty good job with it. The problem with socialism is that you eventually run out of other people's money.
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We are goin up!

Coulsdon 12 Aug 15 11.48am

Quote nickgusset at 12 Aug 2015 11.40am

From [Link]

You do realise that the UK is growing the fastest out of any G8 country?

You do realise that Corbynomics would have seen debt rise more than Osborne's plan?

This is schoolboy stuff, you clearly have no understanding of what you're reading. The reason Miliband couldn't attack the Tories on the economy is that they've done a pretty good job with it.

The problem with socialism is that you eventually run out of other people's money.

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Hoof Hearted 12 Aug 15 11.51am
Nick.... we've all taken a job on hoping/expecting to get it done quickly, but unforeseen circumstances have scuppered progress... like painting a window only to find the cill is rotten and needs replacing. The state of the economy when Osborne took it over was a fookin shambles... he did well to get things back on track by sticking to his principles when that oaf Balls kept on about increasing our borrowing and spending our way out of recession. Imagine what size the deficit would be now had Labour got in power in 2010! Things will improve now Osborne hasn't got Vince Cable and Danny Alexander on his back. Corbyn is dangerously more clueless than Balls on economic matters, which is some feat.
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Hoof Hearted 12 Aug 15 11.51am

Nick.... we've all taken a job on hoping/expecting to get it done quickly, but unforeseen circumstances have scuppered progress... like painting a window only to find the cill is rotten and needs replacing.

The state of the economy when Osborne took it over was a fookin shambles... he did well to get things back on track by sticking to his principles when that oaf Balls kept on about increasing our borrowing and spending our way out of recession.

Imagine what size the deficit would be now had Labour got in power in 2010!

Things will improve now Osborne hasn't got Vince Cable and Danny Alexander on his back.

Corbyn is dangerously more clueless than Balls on economic matters, which is some feat.

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nickgusset Shizzlehurst 12 Aug 15 11.52am
Quote We are goin up! at 12 Aug 2015 11.48am Quote nickgusset at 12 Aug 2015 11.40am The Tories so far have... In 2010 George Osborne promised that ideological austerity would have eliminated the budget deficit by 2015, in reality he didn't even manage to halve it. Ideological austerity resulted in the slowest post-crisis economic recovery in British history, meaning the UK's GDP per capita still hasn't recovered to pre-crisis levels. Ideological austerity coincided with the longest sustained decline in UK average wages since records began. Ideological austerity resulted in George Osborne creating more new public debt than every single Labour government in history combined. The majority of trained economists agree with the proposition that George Osborne's post-crisis austerity agenda damaged the UK economy. Ideological austerity has resulted in a massive transference of wealth from the majority to the tiny super rich minority. As much as the Tories and their allies in the right-wing press will try to fearmonger about "Corbynomics" meaning ever more borrowing, the economic evidence and the historical record is on Jeremy Corbyn's side when he says that public debt can be reduced through intelligent investment in things that stimulate more economic activity than they cost. From a macroeconomic perspective the policy of using the current ultra-low costs of government borrowing in order to invest in economically beneficial activity like improvements in public infrastructure, housing, education and support for high-tech industries makes sense. Anyone who is familiar with the concept of fiscal multiplication knows that targeted investment makes a lot more sense than severe, target driven funding cuts. The historical record also supports Jeremy Corbyn's position that large public debts can be reduced through investment. After the Second World War the UK's public debt stood at an enormous 238% of GDP (which is almost four times the public debt inherited by George Osborne in 2010). Even though the debt was so high back then, the post-War Prime Minister Clement Attlee instigated a massive investment programme which included the foundation of the NHS, introduction of Legal Aid, construction of hundreds of thousands of decent houses per year and major improvements to pensions, unemployment benefits and disability allowances. The simplistic worldview that underpins ideological austerity says that such massive investments should have continued to increase the debt, but in reality the debt began to fall dramatically. By the time Attlee left government the debt had fallen by well over 40% of GDP, and by the time the post-war consensus was torn up in 1979 and replaced with the Thatcherite economic ideology, the debt was down to 43% of GDP. In contrast George Osborne's programme of ideologically driven cuts has seen the public debt continue to soar, resulting in him missing all of the economic projections he made in 2010 and almost doubling the level of public debt in the space of just five years. From [Link] You do realise that the UK is growing the fastest out of any G8 country? You do realise that Corbynomics would have seen debt rise more than Osborne's plan? This is schoolboy stuff, you clearly have no understanding of what you're reading. The reason Miliband couldn't attack the Tories on the economy is that they've done a pretty good job with it. Explain how Corbynomics would have seen the debt rise? How have the government stimulated economic growth - leave out house price rises, because not everyone is a home owner.
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nickgusset

Shizzlehurst 12 Aug 15 11.52am

Quote We are goin up! at 12 Aug 2015 11.48am

Quote nickgusset at 12 Aug 2015 11.40am

From [Link]

You do realise that the UK is growing the fastest out of any G8 country?

You do realise that Corbynomics would have seen debt rise more than Osborne's plan?

This is schoolboy stuff, you clearly have no understanding of what you're reading. The reason Miliband couldn't attack the Tories on the economy is that they've done a pretty good job with it.

Explain how Corbynomics would have seen the debt rise?

How have the government stimulated economic growth - leave out house price rises, because not everyone is a home owner.

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Stuk Top half 12 Aug 15 12.34pm
Stop posting crappy links as if they give your opinion some weight. "Another angry voice" etc will never be seen as anything other than hugely biased. Labour are disastrous with finances, Labour to the left we'd be halfway to being Greece. Optimistic as ever
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Stuk

Top half 12 Aug 15 12.34pm

Stop posting crappy links as if they give your opinion some weight. "Another angry voice" etc will never be seen as anything other than hugely biased.

Labour are disastrous with finances, Labour to the left we'd be halfway to being Greece.

Optimistic as ever

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Johnny Eagles berlin 12 Aug 15 12.54pm
The debate about 'Corbynomics' is academic. The electorate, faced with Miliband, gave Cameron a majority. They wouldn't vote in Corbyn in a million years. ...we must expand...get more pupils...so that the knowledge will spread...
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Johnny Eagles

berlin 12 Aug 15 12.54pm

The debate about 'Corbynomics' is academic.

The electorate, faced with Miliband, gave Cameron a majority. They wouldn't vote in Corbyn in a million years.

...we must expand...get more pupils...so that the knowledge will spread...

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jamiemartin721 Reading 12 Aug 15 1.05pm
Quote matt_himself at 12 Aug 2015 6.54am Ideologically driven agenda, with no basis in the reality of economics. [Link] I was told once that if socialists were made to read economics, there would be no socialists. Edited by matt_himself (12 Aug 2015 7.09am) They'd presumably never heard of the lange-lerner model or theory for establishing equilibrium in a market. Its impossible really to study economics without understanding basic principles of Marxist and Webberian social theory of conflict and status. "One Nation Under God, has turned into One Nation Under the Influence of One Drug" [Link]
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jamiemartin721

Reading 12 Aug 15 1.05pm

Quote matt_himself at 12 Aug 2015 6.54am

Ideologically driven agenda, with no basis in the reality of economics.

[Link]

I was told once that if socialists were made to read economics, there would be no socialists.

Edited by matt_himself (12 Aug 2015 7.09am)

They'd presumably never heard of the lange-lerner model or theory for establishing equilibrium in a market.

Its impossible really to study economics without understanding basic principles of Marxist and Webberian social theory of conflict and status.

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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jamiemartin721 Reading 12 Aug 15 1.08pm
Quote Johnny Eagles at 12 Aug 2015 12.54pm The debate about 'Corbynomics' is academic. The electorate, faced with Miliband, gave Cameron a majority. They wouldn't vote in Corbyn in a million years. The idea that economics and any political party is a worth discussing is questionable. Politics is popularism, sadly not evidence driven. Its sad really that its seen really as being about the 'prime ministerial candidate'. Anyone who uses phrases like Corbynomics or Camernomics should be immediately sterilized as they're a danger to humanity "One Nation Under God, has turned into One Nation Under the Influence of One Drug" [Link]
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jamiemartin721

Reading 12 Aug 15 1.08pm

Quote Johnny Eagles at 12 Aug 2015 12.54pm

The debate about 'Corbynomics' is academic.

The electorate, faced with Miliband, gave Cameron a majority. They wouldn't vote in Corbyn in a million years.

The idea that economics and any political party is a worth discussing is questionable. Politics is popularism, sadly not evidence driven.

Its sad really that its seen really as being about the 'prime ministerial candidate'. Anyone who uses phrases like Corbynomics or Camernomics should be immediately sterilized as they're a danger to humanity

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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