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Post by Paul on Mar 27, 2010 16:19:43 GMT
The Tories: Government of the rich, by the rich, for the rich. Enough said. And a totally inane remark about which you have dedicated but a nonosecond of thought before posting I rarely comment on political matters since it does polarise opinion like few other subjects but selkent314's comment appears to me to be parentally influenced. If I'm right selkent314 isn't old enough to really remember the previous Conservative administration. But since 1997 not much has improved under a Labour government. Indeed, the parallels with 1979 are striking. Back then, a poor Labour government d*mn near bankrupted this country and it took a strong Conservative government to pull things around. They didn't always do the popular thing but they did manage to pull the country's finances around And once again, a Labour government has completely f**ked the country and it's going to take a strong Conservative government to once again turn things around. It totally baffles me that people are still prepared to back a Labour government despite, over the past 13 years, law and order almost completely disintergrating and the economy totally imploding. Yet people are happy for that to continue? Baffling Make no mistake, should the unthinkable happen and Labour get re-elected they are going to have to make massive cuts and yes the Conservatives are also going to make these massive cuts. Things are going to get very, very tough for each and every one of us and it doesn't matter which Government is in power. But just remember; Labour got us into this mess and haven't proven they can get us out. The Conservatives have proved they can turn the country around and I have the faith that they'll do it again |
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Post by Deleted on Mar 27, 2010 17:22:30 GMT
And a totally inane remark about which you have dedicated but a nonosecond of thought before posting I rarely comment on political matters since it does polarise opinion like few other subjects but selkent314's comment appears to me to be parentally influenced. If I'm right selkent314 isn't old enough to really remember the previous Conservative administration. But since 1997 not much has improved under a Labour government. Indeed, the parallels with 1979 are striking. Back then, a poor Labour government d*mn near bankrupted this country and it took a strong Conservative government to pull things around. They didn't always do the popular thing but they did manage to pull the country's finances around And once again, a Labour government has completely f**ked the country and it's going to take a strong Conservative government to once again turn things around. It totally baffles me that people are still prepared to back a Labour government despite, over the past 13 years, law and order almost completely disintergrating and the economy totally imploding. Yet people are happy for that to continue? Baffling Make no mistake, should the unthinkable happen and Labour get re-elected they are going to have to make massive cuts and yes the Conservatives are also going to make these massive cuts. Things are going to get very, very tough for each and every one of us and it doesn't matter which Government is in power. But just remember; Labour got us into this mess and haven't proven they can get us out. The Conservatives have proved they can turn the country around and I have the faith that they'll do it again I totally concur, especially as to the likely origin of the statement made. Having said that, if someone is niaive enough to go into print with second-hand opinions, then them must be prepared to withstand any 'flack', even if they themselves do not understand it. Politics is perhaps the single subject best left OFF forums, except where it is linked to a specific transport-related matter, in which case it should be considered an discussed solely in that context! ;D |
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Post by Deleted on Mar 28, 2010 7:01:48 GMT
And a totally inane remark about which you have dedicated but a nonosecond of thought before posting I rarely comment on political matters since it does polarise opinion like few other subjects but selkent314's comment appears to me to be parentally influenced. If I'm right selkent314 isn't old enough to really remember the previous Conservative administration. But since 1997 not much has improved under a Labour government. Indeed, the parallels with 1979 are striking. Back then, a poor Labour government d*mn near bankrupted this country and it took a strong Conservative government to pull things around. They didn't always do the popular thing but they did manage to pull the country's finances around And once again, a Labour government has completely f**ked the country and it's going to take a strong Conservative government to once again turn things around. It totally baffles me that people are still prepared to back a Labour government despite, over the past 13 years, law and order almost completely disintergrating and the economy totally imploding. Yet people are happy for that to continue? Baffling Make no mistake, should the unthinkable happen and Labour get re-elected they are going to have to make massive cuts and yes the Conservatives are also going to make these massive cuts. Things are going to get very, very tough for each and every one of us and it doesn't matter which Government is in power. But just remember; Labour got us into this mess and haven't proven they can get us out. The Conservatives have proved they can turn the country around and I have the faith that they'll do it again As you say Labour has run the economy into the ground and along with the US the UK was a key player in causing the banking crash as well. I think this time Labour have worked out several years ago that a heavily in debt UK might not vote Labour so they took ateps to get around that. They operated an open door policy for migration, grew the public sector & increased benefits and allowed any one that wanted to to give up work and go onto benefits so they have created a big voting base The big problem of cause is Labour have blown the budget and are in debt upto theire eyeballs and no that big cuts will have to be made to the public sector & to benefits but they are staying quiet about that. Just the interest on the Debt is costing £43 Billion a year. To give a perspective to it thats greater then the entire Defence Budget. |
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Post by john on Mar 28, 2010 17:06:37 GMT
As you say Labour has run the economy into the ground and along with the US the UK was a key player in causing the banking crash as well. I think this time Labour have worked out several years ago that a heavily in debt UK might not vote Labour so they took ateps to get around that. They operated an open door policy for migration, grew the public sector & increased benefits and allowed any one that wanted to to give up work and go onto benefits so they have created a big voting base The big problem of cause is Labour have blown the budget and are in debt upto theire eyeballs and no that big cuts will have to be made to the public sector & to benefits but they are staying quiet about that. Just the interest on the Debt is costing £43 Billion a year. To give a perspective to it thats greater then the entire Defence Budget. Yet again, you failed to state why the UK were as much to blame as the US for the financial crisis that hit the globe.....well done. In fact, the UK wasn't anywhere near as bad as the US in its level of blame. The problems came directly from the US, simple as that. They were lending money to people who couldn't afford to pay back the debt, even at the rate they were given. The problem was that UK banks were buying this debt, hence why it hit us hard. Not only that, but because of the "credit crunch" (a term that really bugs me), lending was slowed down, therefore disposable income reduced, business/trading slowed send this country into a recession that we should've been in far earlier. In fact, i was doing my A-level Business Studies in 2003 when our teacher was saying that we should have been in it back then!! Also, the first bank to completely collapse was Goldman Sachs (correct me if wrong), so where you claim that the UK was as bad is beyond me. In fact, the worry with Northern Rock was caused by idiots worrying about their money and rushing to get it out of there. The current problem with Lolyds TSB is simple. They took on far too much "bad debt" from the takeover of HBOS, which effectively took a huge strain on their accounts. Their Balance Sheet definately would have been hit, as well as their Income Statement (profit and loss  ). I take a very keen interest in Lloyds as i'm a customer of theirs, but i have to say that I'm not worried one little bit. I'm sure the only one who would be able to prove me wrong is DLA180 as i seem to remember him stating he did Accountancy some while back As for political views, personally i don't think either of these moronic parties have a clue how to save this country from any of its problems. We have a Labour party who think spending will save everything, whilst we have a Conservative party with about as much backbone as a worm. My own solution is simple, once my degree is completed (January 2011), i'm moving away.......to Germany.....or Poland........or further ;D |
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Post by Deleted on Mar 31, 2010 19:59:37 GMT
As you say Labour has run the economy into the ground and along with the US the UK was a key player in causing the banking crash as well. I think this time Labour have worked out several years ago that a heavily in debt UK might not vote Labour so they took ateps to get around that. They operated an open door policy for migration, grew the public sector & increased benefits and allowed any one that wanted to to give up work and go onto benefits so they have created a big voting base The big problem of cause is Labour have blown the budget and are in debt upto theire eyeballs and no that big cuts will have to be made to the public sector & to benefits but they are staying quiet about that. Just the interest on the Debt is costing £43 Billion a year. To give a perspective to it thats greater then the entire Defence Budget. Yet again, you failed to state why the UK were as much to blame as the US for the financial crisis that hit the globe.....well done. In fact, the UK wasn't anywhere near as bad as the US in its level of blame. The problems came directly from the US, simple as that. They were lending money to people who couldn't afford to pay back the debt, even at the rate they were given. The problem was that UK banks were buying this debt, hence why it hit us hard. Not only that, but because of the "credit crunch" (a term that really bugs me), lending was slowed down, therefore disposable income reduced, business/trading slowed send this country into a recession that we should've been in far earlier. In fact, i was doing my A-level Business Studies in 2003 when our teacher was saying that we should have been in it back then!! Also, the first bank to completely collapse was Goldman Sachs (correct me if wrong), so where you claim that the UK was as bad is beyond me. In fact, the worry with Northern Rock was caused by idiots worrying about their money and rushing to get it out of there. The current problem with Lolyds TSB is simple. They took on far too much "bad debt" from the takeover of HBOS, which effectively took a huge strain on their accounts. Their Balance Sheet definately would have been hit, as well as their Income Statement (profit and loss ). I take a very keen interest in Lloyds as i'm a customer of theirs, but i have to say that I'm not worried one little bit. I'm sure the only one who would be able to prove me wrong is DLA180 as i seem to remember him stating he did Accountancy some while back As for political views, personally i don't think either of these moronic parties have a clue how to save this country from any of its problems. We have a Labour party who think spending will save everything, whilst we have a Conservative party with about as much backbone as a worm. My own solution is simple, once my degree is completed (January 2011), i'm moving away.......to Germany.....or Poland........or further ;D The UK banks were doing the same reckless lending that the US banks were. Northern Rock went in for unsecured lending in big way as did the Bradford and Bingley European banks were pretty much unaffected by it directly. Any that did get into trouble in europe were UK or US subsidery companies. |
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Post by john on Mar 31, 2010 21:20:55 GMT
The UK banks were doing the same reckless lending that the US banks were. Northern Rock went in for unsecured lending in big way as did the Bradford and Bingley European banks were pretty much unaffected by it directly. Any that did get into trouble in europe were UK or US subsidery companies. The major problems were connected to banks that had converted from building societies, so yes there was an element of risky lending, but not in the same way as the U.S. Still, the UK banks were buying into US banks lending debt, hence why the collapse of Lehman Brothers, a major US Investment bank, caused a massive tidal wave through the UK system too |
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). I take a very keen interest in Lloyds as i'm a customer of theirs, but i have to say that I'm not worried one little bit. I'm sure the only one who would be able to prove me wrong is DLA180 as i seem to remember him stating he did Accountancy some while back