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John McDonnell says -Trust Labour with the economy
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| Hoof Hearted 12 Mar 16 10.01am | |
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.......mmmmmm..... should we? And in other news - Gary Glitter and Rolf Harris say "Trust us with your children!" Yeah..... right oh lads... we'll overlook the previous bad experiences and give it a whirl again.... LOL
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 becky  over the moon 12 Mar 16 11.30am |
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Funny coincidence.....I was just reading about that this morning
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| Hoof Hearted 12 Mar 16 11.52am | |
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I didn't dare put a link to the Daily Mail becks.... that's why I chose the Guardian's report. Bert the Head would have crucified me! I expected the Mail to trash Labour on this, but interesting to note that the Guardian wasn't that positive either? Says a lot about Corbyn's team and their credibility if a pro left paper isn't bigging them up on a story like this?
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 Mr_Gristle In the land of Whelk Eaters 12 Mar 16 12.40pm |
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Hmmm. By the time of the next election, George Osbourne will have been in control of the economy for 10 years. Perhaps time for the Tories to stand on their own merits, perhaps? Let's see how far that would get them.
Well I think Simon's head is large; always involved in espionage. (Name that tune) |
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| jamiemartin721 Reading 12 Mar 16 4.20pm |
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Originally posted by Hoof Hearted
.......mmmmmm..... should we? And in other news - Gary Glitter and Rolf Harris say "Trust us with your children!" Yeah..... right oh lads... we'll overlook the previous bad experiences and give it a whirl again.... LOL
Of course they also had the longest period of economic growth. The problem for labour, in terms of the economy was outside their control. Take the crunch out of the equation, and they were remarkably successful in terms of the economy.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Lyons550 Shirley 12 Mar 16 5.36pm |
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Originally posted by jamiemartin721
Of course they also had the longest period of economic growth. The problem for labour, in terms of the economy was outside their control. Take the crunch out of the equation, and they were remarkably successful in terms of the economy.
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| matt_himself Matataland 12 Mar 16 5.38pm |
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Originally posted by jamiemartin721
Of course they also had the longest period of economic growth. The problem for labour, in terms of the economy was outside their control. Take the crunch out of the equation, and they were remarkably successful in terms of the economy. Interesting revision of history there. They weren't 'remarkably successful in terms of the economy'. They rode a wave of a property boom and cheap credit plus inherited a structurally sound economy. They failed because they over borrowed and has nothing in the tank for when the bust happened. Gordon Brown bragging that 'the era of boom and bust is over' was pure hubris. The fact is that they got lucky and then were exposed. No amount of revisionist clap trap will change that.
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| Helmet46 Croydon 13 Mar 16 8.58am |
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Originally posted by Lyons550
Or your pension......
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| Hoof Hearted 13 Mar 16 10.40am | |
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Originally posted by matt_himself
Interesting revision of history there. They weren't 'remarkably successful in terms of the economy'. They rode a wave of a property boom and cheap credit plus inherited a structurally sound economy. They failed because they over borrowed and has nothing in the tank for when the bust happened. Gordon Brown bragging that 'the era of boom and bust is over' was pure hubris. The fact is that they got lucky and then were exposed. No amount of revisionist clap trap will change that. Labour have it in their DNA to overspend when in government. Not one chancellor has left the books balanced when leaving office after a General Election defeat. In 2010 Liam Byrne left a note at the Treasury "jokingly" apologising for spending all the money...." Fuller details here.... And still the left think that Labour can be trusted with the economy...... Priceless....
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| nickgusset Shizzlehurst 13 Mar 16 11.41am |
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Originally posted by Hoof Hearted
Labour have it in their DNA to overspend when in government. Not one chancellor has left the books balanced when leaving office after a General Election defeat. In 2010 Liam Byrne left a note at the Treasury "jokingly" apologising for spending all the money...." Fuller details here.... And still the left think that Labour can be trusted with the economy...... Priceless.... Fullerer details here... One of the most oft repeated "economic" arguments posited by Tory party supporters is the "didn't Labour leave a note admitting there was no money left?" question, which is often used in conjunction with the absurdly counter-factual "Labour bankrupted Britain" narrative. The first thing to note about this question is that the note that was left by Liam Byrne saying that "there's no money" was intended as a joke, not as a serious statement of fact. The joke being a reiteration of the 1965 note left by the Tory Chancellor Reginald Maudling for his successor Jim Callaghan that said "good luck old cock, sorry to leave it in a mess". It's hard to believe that anyone could be credulous enough to believe that the proposition that "there's no money" was an accurate one rather than a joke, but apparently lots of Tory supporters do, and even use it as the keystone of their argument in favour of reelecting the Conservatives! It's hard to not feel like I'm being patronising in explaining what is to come in the next paragraph, but there are apparently a heck of a lot of Tories out there who honestly don't seem to understand this stuff. The idea that there ever was "no money left" is a childlike fantasy. The United Kingdom has a central bank called the Bank of England that can just create new money out of nothing via a process known as Quantitative Easing. Since the global financial sector meltdown of 2007-08 the Bank of England has created £375 billion in this way. When a country has a sovereign central bank that can create new money, the idea that there is "no money left" is economic baby talk. One of the things that this Tory reliance upon the "no money left" arguments illustrates is the incredible selectivity of the Tory mind. It seems that they have perfect recall of events in 2010 when it comes to stupid joke notes left in the treasury by an embodiment of uselessness like Liam Byrne, but when it comes to all of the promises and predictions made by Tory politicians back in 2010, they've managed to completely forget. They can remember Liam Byrne's stupid note perfectly, but they can't seem to remember stuff like George Osborne promising not to raise VAT (then raising it just 2 months later), David Cameron promising "no more top-down reorganisations of the NHS" (then launching the biggest top-down reorganisation in the entire history of the NHS) and they can't remember George Osborne predicting his ideological austerity experiment would have completely eliminated the deficit by now (it hasn't even been halved). Whenever you hear anyone use Liam Byrne's "there's no money" note as the crux of their economic argument, you can be absolutely sure that you're communicating with someone who is an economic illiterate who prefers to rote learn their opinions about the economy from the pages of the right-wing press in lieu of making the slightest effort to actually understand economic issues for themselves.
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| Hoof Hearted 13 Mar 16 11.49am | |
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Nice try Nick, but the electorate made up their mind about Labour's credentials to run our economy at the last election... they include normal working people, not just "Tories". Like the little boy who cried Wolf - Labour will never shake off this tainted reputation of being reckless with our money. And the final note of that extract you posted is so smug as to make me vomit - no one bases their opinions on one event like that note, but it is included within a raft of factors that demonstrate Labour's incompetence... eg Brown's Gold Gaffe, heralding an end to boom bust, Balls incomprehensible Budget responses... etc etc. Edited by Hoof Hearted (13 Mar 2016 11.54am)
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 Hrolf The Ganger 13 Mar 16 12.45pm |
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Originally posted by nickgusset
Fullerer details here... One of the most oft repeated "economic" arguments posited by Tory party supporters is the "didn't Labour leave a note admitting there was no money left?" question, which is often used in conjunction with the absurdly counter-factual "Labour bankrupted Britain" narrative. The first thing to note about this question is that the note that was left by Liam Byrne saying that "there's no money" was intended as a joke, not as a serious statement of fact. The joke being a reiteration of the 1965 note left by the Tory Chancellor Reginald Maudling for his successor Jim Callaghan that said "good luck old cock, sorry to leave it in a mess". It's hard to believe that anyone could be credulous enough to believe that the proposition that "there's no money" was an accurate one rather than a joke, but apparently lots of Tory supporters do, and even use it as the keystone of their argument in favour of reelecting the Conservatives! It's hard to not feel like I'm being patronising in explaining what is to come in the next paragraph, but there are apparently a heck of a lot of Tories out there who honestly don't seem to understand this stuff. The idea that there ever was "no money left" is a childlike fantasy. The United Kingdom has a central bank called the Bank of England that can just create new money out of nothing via a process known as Quantitative Easing. Since the global financial sector meltdown of 2007-08 the Bank of England has created £375 billion in this way. When a country has a sovereign central bank that can create new money, the idea that there is "no money left" is economic baby talk. One of the things that this Tory reliance upon the "no money left" arguments illustrates is the incredible selectivity of the Tory mind. It seems that they have perfect recall of events in 2010 when it comes to stupid joke notes left in the treasury by an embodiment of uselessness like Liam Byrne, but when it comes to all of the promises and predictions made by Tory politicians back in 2010, they've managed to completely forget. They can remember Liam Byrne's stupid note perfectly, but they can't seem to remember stuff like George Osborne promising not to raise VAT (then raising it just 2 months later), David Cameron promising "no more top-down reorganisations of the NHS" (then launching the biggest top-down reorganisation in the entire history of the NHS) and they can't remember George Osborne predicting his ideological austerity experiment would have completely eliminated the deficit by now (it hasn't even been halved). Whenever you hear anyone use Liam Byrne's "there's no money" note as the crux of their economic argument, you can be absolutely sure that you're communicating with someone who is an economic illiterate who prefers to rote learn their opinions about the economy from the pages of the right-wing press in lieu of making the slightest effort to actually understand economic issues for themselves. And I thought comedy was dead.
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