Five good reasons why not to vote for Labour in the future

[PILTDOWN MAN]

Anyone watch Newsnight tonight?

They all failed to mention their part in in the last government and their collective failure. SPEND SPEND SPEND, SHIT NO MONEY!!

 

[Napper]

spin

The recession will now drag on with this lot in charge

 

[GNF on Tour]

Anyone watch Newsnight tonight?

They all failed to mention their part in in the last government and their collective failure. SPEND SPEND SPEND, SHIT NO MONEY!!

Yeah mate, it was really that simple, stick to running pubs, eh.

 

[goatcher1981]

There's no money left!?

 

[Leekbrookgull]

Labour,never do have money. However they are very good at spending everyone else,s !

 

[Sooty the Thief]

This is a WORLD recession. The one in the 90's which hit us harder was one entirely of the Tories making. Anyone who does not know that is retarded.

 

[Dover]

Good grief! Take the Health Service. All of it has been improved under Labour, with more new buildings, and some of the older ones shut.

Sorry, but as another poster has rightly stated, I would vote anything but Tory. So ignore my post.

 

[Brovion]

Anyone watch Newsnight tonight?

They all failed to mention their part in in the last government and their collective failure. SPEND SPEND SPEND, SHIT NO MONEY!!

One of the reasons we're billions in debt is because the Labour government, as you say, spent billions. However a rather large chunk of it was spent shoring up the banking industry. What would the Tories have done with the financial crisis? Brioadly speaking there were two alternatives:

1 - Let them go bust. That would have been the Thatcherite solution. (Market forces, free enterprise, laissez faire non-interventionary government and all that)

2 - Broadly followed the same path as Brown did in shoring them up and thus saddling us with the bill for bailing them out.

I AM genuinely interested in what you Tories think. I suppose it depends on whether you (and more importantly, Cameron) is a Thatcherite or a Heathite.

 

[Peteinblack]

Yeah, blame it all on Labour. Divert attention from the role played by the international banking system and out-of-control free markets in creating the global meltdown back in 2008.

Still, I'm sure David, George and Nick will deal with the banks to make sure this doesn't happen again. Or maybe not; just sack police officers and nurses instead, but let the bankers carrying on with their reckless behaviour and obscene bonuses. 'We're all in this together'. Yeah, right.

 

[Peteinblack]

One of the reasons we're billions in debt is because the Labour government, as you say, spent billions. However a rather large chunk of it was spent shoring up the banking industry. What would the Tories have done with the financial crisis? Brioadly speaking there were two alternatives:

1 - Let them go bust. That would have been the Thatcherite solution. (Market forces, free enterprise, laissez faire non-interventionary government and all that)

2 - Broadly followed the same path as Brown did in shoring them up and thus saddling us with the bill for bailing them out.

I AM genuinely interested in what you Tories think. I suppose it depends on whether you (and more importantly, Cameron) is a Thatcherite or a Heathite.

Excellent post.

 

[Deleted User X18H]

Excellent post.

But who allowed the Banking Industry the free rein to go largely unregulated? As long of course, as they continued to bolster the spend spend spend economy that the Labour Party embraced. Then of course after the peak the inevitable trough. But Labour didn't acknowledge the emerging financial crisis in the US despite warnings from many economists.

The banks weren't going to stop reckless lending to turn a desperate shilling without government intervention.

So yes they shored up the banks with our money, but they were as culpable as the banks.

 

[Billy the Fish]

One of the reasons we're billions in debt is because the Labour government, as you say, spent billions. However a rather large chunk of it was spent shoring up the banking industry. What would the Tories have done with the financial crisis? Brioadly speaking there were two alternatives:

1 - Let them go bust. That would have been the Thatcherite solution. (Market forces, free enterprise, laissez faire non-interventionary government and all that)

2 - Broadly followed the same path as Brown did in shoring them up and thus saddling us with the bill for bailing them out.

I AM genuinely interested in what you Tories think. I suppose it depends on whether you (and more importantly, Cameron) is a Thatcherite or a Heathite.

Aren't we TRILLIONS in debt?

The £169 billion figure being banded around at the moment is just the structural defecit, i.e the money they've committed to spend every year which is over the amount the country earns in taxes - nothing to do with the bank bailouts.

 

[withdeanwombat]

This is a WORLD recession. The one in the 90's which hit us harder was one entirely of the Tories making. Anyone who does not know that is retarded.

Hey ! I KNEW that.

This is good for me.Thank you.

 

[Scampi]

But who allowed the Banking Industry the free rein to go largely unregulated?

Originally - the Tories. Of course Labour did nothing to rein in the Bankers, but can you imagine the uproar if labour had tried to do anything before the banking crisis.

 

[Simster]

One of the reasons we're billions in debt is because the Labour government, as you say, spent billions. However a rather large chunk of it was spent shoring up the banking industry. What would the Tories have done with the financial crisis? Brioadly speaking there were two alternatives:

1 - Let them go bust. That would have been the Thatcherite solution. (Market forces, free enterprise, laissez faire non-interventionary government and all that)

2 - Broadly followed the same path as Brown did in shoring them up and thus saddling us with the bill for bailing them out.

I AM genuinely interested in what you Tories think. I suppose it depends on whether you (and more importantly, Cameron) is a Thatcherite or a Heathite.

There is absolutely NO WAY the banks could *ever* have been left to go bust, especially in a credit driven economy. Last time that happened was in 1920s America and it left people carting wheelbarrows of useless banknotes.

The correct answer, as Timmy points out, is that the banks should have been properly regulated. However, as Timmy won't dare point out, you can point the finger of blame on the Tories almost as much as Labour for that one. The rise of the financial sector started under the Tories, and we now have a Tory government during which you can bet your arse they'll take no steps to regulate the market IMO.

 

[ROSM]

well let's just see how this lot pan out. One thing for sure in life is that every generation pays for decisions taken in the previous 30 years and so we can trace what we faced in 2007 til now back to decisions taken equally by conservative and labour governments. The lessening of control of banks started with the conservatives and was certainly not challenged by the last labour givernment. Could you imagine the tory cries if it had been? 'labour strangling our successful financial industry' perhaps?

The year on year budget deficit of c160bn (not the structiral deficit Billy - that's the debt that doesn't go away purely because of spending cuts) is less than had been forecast and growth is less than had been forecast but is still within the margin of error allowed. The 5 year estimate between the new OBR forecast and the previous government forecast was just 3bn different (yes I know how strange it is to say just 3bn but it is all relative) and that in global economics terms is nothing more than a rounding error!

basically you may not have liked how we got here or indeed the speed and approach for resolving it but the previous governments diagnosis and recommended treatement would have delivered what they claimed it would have (which is what the IFS was saying in the lead up to the last election). Now we have to see if the current government can do as they claim they can but to be more successful they need to do it quicker with increased growth and currently the IFS doesn't believe they can.

 

[Superphil]

This is a WORLD recession. The one in the 90's which hit us harder was one entirely of the Tories making. Anyone who does not know that is retarded.

Really, the UK was the only country affected by the recession of the 90s? Well, I didn't know that. I guess I am a retard, thanks for letting me know. Now where do I go to claim my disability benefits?

 

[Deleted User X18H]

Really, the UK was the only country affected by the recession of the 90s? Well, I didn't know that. I guess I am a retard, thanks for letting me know. Now where do I go to claim my disability benefits?

Retard is a horrible phrase.

 

[drew]

But who allowed the Banking Industry the free rein to go largely unregulated? As long of course, as they continued to bolster the spend spend spend economy that the Labour Party embraced. Then of course after the peak the inevitable trough. But Labour didn't acknowledge the emerging financial crisis in the US despite warnings from many economists.

The banks weren't going to stop reckless lending to turn a desperate shilling without government intervention.

So yes they shored up the banks with our money, but they were as culpable as the banks.

That's a very poor post Tim. The Tories were all for deregulation of the banks and it started with them during their previous regime anyway.

 

[Superphil]

Retard is a horrible phrase.

Sootie the Theef started it, not my fault