wow lots of replies. well it's very interesting indeed
also can anyone explain why the tories keep saying labour causes the economic crisis? when clearly american banks are to blame?
:P
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wow lots of replies. well it's very interesting indeed
also can anyone explain why the tories keep saying labour causes the economic crisis? when clearly american banks are to blame?
:P
Because Labour caused the debt by spending what we did not have, which is the current economic crisis we face.Quote:
Originally Posted by Ardemax
Refer to my other post as to why this is crap.Quote:
Originally Posted by -:Undertaker:-
Clearly you know nothing about economics or politics. Yes, the american banks crashed, but if it wasn't for Labour spending all the countries money - ie; bailing the banks out with billions that we didn't have, building schools with money we didnt have, ect. then we wouldn't have had the problem.Quote:
Originally Posted by Ardemax
Basically, the American banks crashed. Fact. But if Labour hadn't spent all our money on other things trying to make the people happy, we could have given our banks some money to stay safe, but no - they spent it all pleasing the public -.-
I hate to say some of that isn't true, but I honestly don't believe it is.Quote:
Originally Posted by R0BB13G
Seriously Labour or Conservatives? I think anyone who earns under £100k should not even think of voting for the Tories.
Labour are fair if I'm honest and "spending money we don't have" isn't always the case. The stock markets collapsed causing the credit crunch - yes? I don't see how spending money on things caused this. Ok maybe it contributed to it after everything went bust but it certainly didn't cause it...
They took out loans from the banks to spend on buildings & whatever, then the stock exchanges collapsed and we couldn't repay the interest. If you believe that the American Banks collapsing caused the financial deficit think again, it would have happened recession or no recession.Quote:
Originally Posted by Ardemax
Replied, I did see last night but forgot about it today.Quote:
Originally Posted by immense
It is the case, because no matter how you word it/try to blame it on somebody else - Labour spent money we did not have, so now we are in a situation where we are spending more on our education/military budgets just paying the debt interest. In reality, crashes such as the 2008 credit crunch will always occur because an economy has limits and is influenced by ups and downs.Quote:
Originally Posted by Ardemax
The problem most sensible people have, is how Labour handled the crisis.
- The government should have instantly cut government spending and should not have been spending that in the first place because it was money it did not have.
- The government should have cut back government and lowered taxes to allow the private sector to grow which is the only sector that generates wealth - the public sector is a poisonous drain.
But no, they did the complete opposite - they continued (increased even) borrowing and spending money we did not have and could not afford, they and the European Union (and the Conservatives to be fair) have been/are preparing to saddle the economy with yet more over-regulation which will only slow growth which is already dismal compared to the likes of Australia, Canada, Switzerland and more so China.
In terms of fairness, how about this one; Labour tax you and increase taxes time and time again upon gaining office, they then spend that money on absurd government projects and give that money away to the likes of India, Zimbabwe, China and the EU - because they cannot afford to give this money away they then take out immense loans which we all have to pay back and you call them fair?
As with many others, for you it is simply a matter of faith - no matter what the Labour Party does to you and your country, you will always support the beloveded party because its red and pretends to not like the blue side who you've been taught to hate - the same also applies for the blue side which, is almost identical to the red side.
Wake up.
Extra
Infact, let me put it like this to you; you take out a £70,000 loan which you cannot afford. In order to pay that loan off and its added interest, you then take out a £150,000 loan. In order to pay off that loan and its interest you then take out a £250,000 loan - and so on.
That is the method the Labour Party has used just like much of the bankrupt western world; you simply wouldn't, would you?
It is economics of the mad house.
Just walk off.. I don't even like him.
Ok great I didn't really want this to turn into a death-match of the parties tbh.
But I don't believe Labour and Conservatives are the same - I think you were trying to suggest that?
I'd say hello, shake his hand, then get a photograph with him to post on Facebook.
Done.