The Broon

[John Little]

Let me say straight out that I am not fond of the Broon. He has a bit too much of the control freak for my liking. I've been Lib all my adult life and have never gone for Labour and especially before they ditched the socialism thing.

But I have been having a think- and I'm sure a lot of others are too because that George Osborne is scaring me with his talk of cuts. It's all very well to talk about 'cuts' and good house keeping and all that, but he's talking about peoples' jobs and mortgages and rents and food on the table and clothes for the kids.

So I thought - what if the Broon had not pumped scads of cash into the economy last year? Would we now be looking at a repeat of the 1930s with a slow slow recovery and a lot of human misery?

Back in the 30s our politicians opted for cuts.
In America Roosevelt went the Keynsian way and pumped loads of cash in. Hitler did the same in Germany and used the cash to make weapons.
But in Sweden the Social Democrats decided that keeping misery from people was the priority and they decided not to count cash but pay people to stay in work.

That way they paid taxes and contributed instead of having to be given social security. And Sweden is a very prosperous country...

So underneath all the emotive talk about our grandchildren having to pay our debts off, I think to myself that I am am adult. I have a debt- it's called a mortgage. I don't expect the grandchildren to pay it off cos I can do that myself.

So why should a nation be afraid of a large debt - if we use it to make the economy recover and save millions from misery?

Yes - I know there have to be cuts - but I hope they are a bit discriminatory where they do it.

So despite the fact that I cannae like the Broon - I have to admit that I have developed a sneaking admiration for him.

[davie]

Any admiration for the Broon - are ye totally aff the heid ???.

This buffoon has as much blood on his hands as T B Liar and in fact is probably a bigger liar than the Tonee fellow. No, that cant be right - as big a liar as the Tonee fellow.

[John Little]

I agree with you - but I was not talking about the war- it's the economy thing only. I think he got that bit right.

Did I not say I don't like him?

It is possible for someone to get one bit right. Even if all else is wrong.

[davie]

Apologies- I went off at a tangent - the mere mention of Broon does that !.

[John Little]

Aye well I can relate to that Davie - but remember the man is a full Scot! He has that going for him.

[ducati]

One thing the Tories know how to do, it's balance the books.

And much of Broons strategy has not worked, Try getting a Mortgage if your not 100% squeeky on credit score (and make no mistake, most people aren't).

Try getting a car loan from your bank or even HP for used car for that matter.

Even trying to get a business loan for expansion. The banks just ain't lending. They are so worried about meeting capital targets set by the Gov. they have no money left to lend and they still can't get credit themselves.

Quantative easing, can anyone explain to me how this is even supposed to work?

The only reason this recession (and it will be back before it gets better) was not a whole lot worse is that businesses as a whole decided it was better to invest reserves in keeping staff (even on short time) than getting rid of them. And in return, as a whole, the good British worker has been sensible about it (with one or two Union fueled exceptions).

So, in conclusion, Vote Peter Dow, Scottish Republican Looney Party :cool:

[Gronnuck]

Gordon Brown has never had a 'real' job, but comes from a background in academia - history and politics. It is widely recognised that the Broon is responsible for a number of major financial blunders over the last 12 years.

1. Taxing dividend payments (raiding pension funds).
2. Selling our gold (when the price of gold had slumped).
3. Tripartite financial regulation (Bank of England, Treasury and the impotent FSA)
4. Tax credits (too cumbersome).
5. The £10,000 corporation tax threshold (encouraged widespread abuse of the tax system).
6. Abolition of the 10p tax rate (disadvantaged the low paid and elderly).
7. Failing to spot the housing bubble (and declared the end of boom and bust).
8. 50 per cent tax rate (history shows that people declare less income for tax).
9. Cutting VAT (it has made little discernable difference).
10. Public-sector borrowing ( It is forecast that total government debt will double to 79 per cent of GDP by 2013).

The only credible economist anywhere near the government is Vince Cable and so I don't think anything is going to change anytime soon. One thing is sure our children's children will still be paying for Broon's fiasco long after he's gone.

[Phill]

This image sums things up for me, here he is doin' a brew. Look at 'im, grinning like a demented loon, but that isn't the real issue.

Look at the size of the teapot and then look at the size of the mugs, look carefully as there are 3 mugs (well 4 on a technicality).
How far does he expect that pot of tea to go?

Obviously using the same logic with the countries finances....


http://i805.photobucket.com/albums/yy337/Phill_Rawlins/itsalljustrandom/gordy.jpg

[davie]

Aye well I can relate
to that Davie - but remember the man is a full Scot! He has that going for him.


All right I asked for that - I'll have to watch out for you !

[John Little]

LOl - not really Davie - I wiz pullin yer laig is all.

And yes - I like Vince Cable- the man has a lot of sense and would make a fair chancellor.

Quantitative Easing?

As I understand it it's a device to ease the worst effects of a depression. If the banks are unwilling to lend it creates a shortage of cash in the system, and cash is the oil which makes the system run. Since our currency is not based on gold but a notional and floating value dependent on trade, it is in theory possible to 'inflate' it, within reasonable limits, to put more actual cash back where it is needed. So long as you do not strain its credibility.

The pound has not collapsed yet.

I take what you say about the recession coming back.
My theory is that it is fuel costs that will do it. Yes the government takes too much in tax. But the oil companies are really pushing the price, and the cost of a litre now is leaching the economy in what amounts to a tax on any driver.

Do not get me wrong - I ain't championing Gordie - but I have to confess that I am glad that it was he who had to call the shots last year and not David Cameron (Guid bame that) and George (I'm stinking rich) Osborne in charge.

Ducati -
"One thing the Tories know how to do, it's balance the books."

Oh aye - so they do, and it scares the f*** out of me to think of it.

[Fly]

Aye well I can relate to that Davie - but remember the man is a full Scot! He has that going for him.

I'm ashamed to admit he is a fellow Scot.[disgust]

[John Little]

Blair too...

[Kodiak]

Aye well I can relate to that Davie - but remember the man is a full Scot! He has that going for him.

He might be a Scot but by his actions he has disgraced the whole of the Scottish nation.

[ducati]

Quantitative Easing?

As I understand it it's a device to ease the worst effects of a depression. If the banks are unwilling to lend it creates a shortage of cash in the system, and cash is the oil which makes the system run. Since our currency is not based on gold but a notional and floating value dependent on trade, it is in theory possible to 'inflate' it, within reasonable limits, to put more actual cash back where it is needed. So long as you do not strain its credibility.



I know what it is, I just don't see any evidence of it working. It just sits in the banks. :eek:

[davie]

Blair too...

I am not so sure about the B Liar fellow.

Apparently his faithers faither was a traveller (named Parsons) who dumped B Liars faither in a ditch somewhere.
As nobody seems to know where the traveller came from that puts our B Liar's ancestry in doubt.
I can not see any country of the UK and NI rushing to claim him.

[John Little]

Nor me but he did go to Fettes and Blair is a Scottish name...

Lowland though - not Highland.

[golach]

Nor me but he did go to Fettes and Blair is a Scottish name...

Lowland though - not Highland.
Cameron is also a Scottish name....that would not make me vote for him. The mans a wimp.

[horseman]

Cameron is also a Scottish name....that would not make me vote for him. The mans a wimp.
Aye but he appears to be the brightest whimp on the horizon just now.