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    (Original post by Jordan656)
    Yes, and he actually understood economics! And he seemed more respected on the international stage. If someone has to phone Iran at 3am and ******* for - insert Iran crisis of the week here - surely Gordon was the man for that?
    Er, you do realise that whilst he was in charge, he made a complete and utter mess of this country?

    The idea of seeing him ever again scares the hell out of me.
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    (Original post by Jordan656)
    Yes, and he actually understood economics!
    Is that why he sold half our gold reserve at the lowest gold price in the last 20 years?
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    (Original post by future_hopeful_uk)
    Is that why he sold half our gold reserve at the lowest gold price in the last 20 years?
    If you forsaw that gold prices would rise by so much, why did you not buy gold and become rich? Why didnt the top investors like warren buffet predict the fall is shares/ftse and short it or just buy gold???

    Gordon as chancellor got the economy stable, people in jobs and education and invested in public services, everything which the tories are now trying to abandon to the detriment of those who arent already wealthy.
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    (Original post by EsStupido)
    Er, you do realise that whilst he was in charge, he made a complete and utter mess of this country?

    The idea of seeing him ever again scares the hell out of me.
    no, American consumers bought mortgages they shouldn't have been offered at rates they could just about afford, then the federal reserve hiked up interest rates, meaning those mortgages became more expensive and those consumers defaulted on loans, causing panic in the credit markets, causing a severe tightening in the credit markets causing all the banking problems from which the recessing flowed.

    We can't expect politicians to be able to tell the future, we can only expect them to make the best decisions possible on the information available at the time. our economic policy had brought the longest period of economic growth ever, and the fed reserve is out of our control, so personally, I don't blame the government for the current financial mess.
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    (Original post by lookingforacar)

    Gordon as chancellor got the economy stable, people in jobs and education and invested in public services, everything which the tories are now trying to abandon to the detriment of those who arent already wealthy.
    No, they're everything that the Tories are being forced to abandon in order to sort out the huge deficit that the Labour government created. You need to take your rose-tinted glasses off and grow up. Open the front door, take a look around and see just how badly Labour have left the state of the country.

    Let's not even begin to discuss the numerous issues with the public sector.
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    (Original post by future_hopeful_uk)
    Is that why he sold half our gold reserve at the lowest gold price in the last 20 years?
    It was a tradeoff between risk and potential benefits. Generally the taxpayer doesn't like the government to bet with our money so they play it nice and safe, which means that yes we sold gold low, but there were sound economic reasons at the time to do that.

    Besides, on investments like that you can't possibly win them all, you can only hope to gain overall across all investments in the knowledge that you will lose on some, but gain more on others.
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    (Original post by Jordan656)
    no, American consumers bought mortgages they shouldn't have been offered at rates they could just about afford, then the federal reserve hiked up interest rates, meaning those mortgages became more expensive and those consumers defaulted on loans, causing panic in the credit markets, causing a severe tightening in the credit markets causing all the banking problems from which the recessing flowed.

    We can't expect politicians to be able to tell the future, we can only expect them to make the best decisions possible on the information available at the time. our economic policy had brought the longest period of economic growth ever, and the fed reserve is out of our control, so personally, I don't blame the government for the current financial mess.
    So the deficit have nothing to do with Gordon? A bloated public sector has nothing to do with Gordon? The acceptance (finally I might add) that the Police have lost the streets has nothing to do with Gordon?

    Behave, the financial crisis is the tip of the iceberg when it comes to these jokers.
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    I'm sure the champagne came out in Tory homes when the result came out.
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    (Original post by EsStupido)
    So the deficit have nothing to do with Gordon? A bloated public sector has nothing to do with Gordon? The acceptance (finally I might add) that the Police have lost the streets has nothing to do with Gordon?

    Behave, the financial crisis is the tip of the iceberg when it comes to these jokers.
    This post is full of fail. You have no understanding of economics. A bloated public sector is far better than high unemployment, with regards to the deficit people just get scared by big numbers on TV, but as long as that money is spent wisely ( and remember huge amounts of it are tied up in banks we own, the share value of which are rising) it will return a larger boost to GDP through the multiplier effect and in time lift us out of recession.

    Ya, the police are a bit f***** up but that's largely down to their own management, and Camerons elected police chiefs will do nothing but cost money, they won't change anything....
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    (Original post by Jordan656)
    This post is full of fail. You have no understanding of economics. A bloated public sector is far better than high unemployment, with regards to the defect people just get scared by big numbers in TV, but as long as that money is spent wisely ( and remember huge amounts of it are tied up in banks we own, the share value of which are rising) it will return a larger boost to GDP through the multiplier effect and in time lift us out of recession.

    Ya, the police are a bit f***** up but that's largely down to their own management, and Camerons elected police chiefs will do nothing but cost money, they won't change anything....
    Just out of interest, what with the coalition needing to reduce the deficit, what exactly do you think will begin to happen to a lot of people who are within the public sector in unnecessary jobs that cost a fortune. Could they perhaps be become another unemployment statistic in the near future? :rolleyes:
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    (Original post by lookingforacar)
    people in jobs and education and invested in public services
    Oh so increasing the number of home office toilet cleaners by tenfold is useful?
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    (Original post by Jordan656)
    A bloated public sector is far better than high unemployment,
    Why is it?

    Instead of paying them 50 pounds a week in benefits they would get 200 for giving them a public sector job we didnt need..... how is that better for the country's finances??
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    (Original post by EsStupido)
    Just out of interest, what with the coalition needing to reduce the deficit, what exactly do you think will begin to happen to a lot of people who are within the public sector in unnecessary jobs that cost a fortune. Could they perhaps be become another unemployment statistic in the near future? :rolleyes:
    It's likely they will, but personally I'm all for jacking up the deficit and keeping people in work, even if we don't actually need those jobs doing.

    The costs of unemployment in terms of wasted lives, and the social aspects (depression, alcoholism, petty crime etc) far exceeds the £20'000 per year cost of a dustbin co-ordidination specialist or whatever the copy of the daily mail next to your computer tells you the government is wasting all your money on.
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    (Original post by Jordan656)
    It's likely they will, but personally I'm all for jacking up the deficit and keeping people in work, even if we don't actually need those jobs doing.

    The costs of unemployment in terms of wasted lives, and the social aspects (depression, alcoholism, petty crime etc) far exceeds the £20'000 per year cost of a dustbin co-ordidination specialist or whatever the copy of the daily mail next to your computer tells you the government is wasting all your money on.
    Er, do you have any idea of the repercussions that this country will face were we to not deal with the deficit?

    I'm not really sure you've fully grasped the issues at hand here...
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    (Original post by future_hopeful_uk)
    Why is it?

    Instead of paying them 50 pounds a week in benefits they would get 200 for giving them a public sector job we didnt need..... how is that better for the country's finances??
    Because after 18 months in the dole the average person never ever returns to work, and remains a drain on society. They lose confidence, you lose skills that you're not using, and employers prefer not to take former dolies on so it is harder to get back into the job market. Depression follows and then healthcare costs etc...

    Of course that isn't every single person, but there's evidence that that's generally the way it goes. So, over the course of a few months unemployment is preferable mainly, but over the longer term, I'd rather pay someone to do a job...


    ...and regarding jobs that don't need doing - I don't believe these really exist. There may be the odd crazy job here and there but no-one decides to hire someone for no reason.
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    (Original post by EsStupido)
    Er, do you have any idea of the repercussions that this country will face were we to not deal with the deficit?

    I'm not really sure you've fully grasped the issues at hand here...
    Care to elaborate on what those issues might be?
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    I see already Ed is being attacked left, right and centre. Anti-Semitism rearing its ugly head, no doubt.
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    I'm not wasting my time/effort to educate you.

    The mere fact you failed to answer the first questions means you don't have the appropriate knowledge for the issues that exist.

    I'll debate it further with you when you do.
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    Am i the only person who thinks this is one hell of a victory for the tories and only the tories? Far left politics is temporarily paralysed in 2010 Britain, and now, thanks to the unions, E.Mil's whole campaign will now underpin the notion of reverting to this intractable ideology.
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    Some guy interviewed on C4 summed it up perfectly- "my head said Davd but my heart said Ed".
 
 
 
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