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Labour finally face up to economic reality... watch

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    Much in the news recently about Labour saying they won't reverse much, if any of the Coalition's benefit cuts - well, that was blindingly obvious...

    Typical of Labour really, happy to sit back and let others do their dirty work for them so it sits in the minds of their voters that all the bad stuff that happens is down to Tory policy and Labour are the nice guys handing out sweeties - after all, they have good form for this, when they were last in, they hardly reversed any of those Thatcherite policies that they complained so bitterly about whilst in opposition.

    I wonder if the usual TSR socialists who bleated so loudly about benefit cuts when it was the nasty Tories doing the cutting will have anything to say about this - but I'm not going to hold my breath - it's OK when it's out of the mouths of Labour...

    Perhaps they'll finally shut up about a 'Bedroom Tax' though, and start insisting that Mr Byrne tries living on £53 a week to make up for all the room service dinners the taxpayer paid for him to have in various London five-star hotels whilst, at the same time, he was claiming his full food allowance on top.
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    Well written article there Marcus.
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    (Original post by marcusfox)
    Much in the news recently about Labour saying they won't reverse much, if any of the Coalition's benefit cuts - well, that was blindingly obvious...
    Clearly the benefit cuts are needed now; the Tories have absolutely rooted the economy, the projections that Osborne was crowing about in 2010 were wildly optimistic and totally wrongheaded.

    Due to Conservative incompetence, the Labour government that is elected in 2015 will have some serious belt-tightening and economising to do.
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    (Original post by MostUncivilised)

    Due to Labour incompetence, the Coalition government that was elected in 2010 has had some serious belt-tightening and economising to do.
    Fixed that for you.

    It seems a tad ironic that you rail against the Coalition for economic failures, yet conveniently fail to mention Labour's most recent effort with the economy...

    A bit strange that you perceive serious belt tightening and ecomomising as only really necessary when it's down to Conservative incompetence.

    Whatever wishful thinking economic targets were missed by the Coalition (and I'll readily agree that growth hasn't been as good as predicted) pale into insignificance when compared to the state of the economy left to them by the previous government.
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    (Original post by MostUncivilised)
    Clearly the benefit cuts are needed now; the Tories have absolutely rooted the economy, the projections that Osborne was crowing about in 2010 were wildly optimistic and totally wrongheaded.

    Due to Conservative incompetence, the Labour government that is elected in 2015 will have some serious belt-tightening and economising to do.

    So just to recap. Labour criticised the government fir doing too much belt tightening, so they're now saying that it never went far enough and needs to be done more?

    I will agree with you that the present government was overly optimistic in 2010, but to be fare, I don't think anybody in the world was expecting the euro zone to be in such a bad state.
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    What TSR socialists? I think I'm the only one.
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    (Original post by MatureStudent36)
    So just to recap. Labour criticised the government fir doing too much belt tightening, so they're now saying that it never went far enough and needs to be done more?

    I will agree with you that the present government was overly optimistic in 2010, but to be fare, I don't think anybody in the world was expecting the euro zone to be in such a bad state.
    It's actually hilarious.

    I have seen dozens of posts by him railing against the cuts, but now that the donkey with the red rosette on has said that they are needed, he suddenly flip flops.

    Proof if any was needed that the vast majority of Labour supporters vote for a brand (the one with a red rosette on) rather than any intelligent assessment of their policies...

    Massive embarrassment on this, only a few months ago Labour have said they will be rolling back the cuts and outspending the Coalition, and Miliband is made to look a complete idiot by the interviewer as he remained frozen like a deer in the headlights when asked repeatedly where all the money will come from - he just had no answer.

    All the while we are told by TSR's left leaning voters that Labour doesn't need a plan to deal with the economy, all they have to do is oppose the one the government has, and are falling over themselves to tell anyone who will listen that the cuts are wrong, and exactly why they are ideologically opposed to them.

    Now Miliband has come out saying that they will match the cuts, Labour supporters are falling over themselves to justify why the cuts are needed.

    Pure comedy gold...
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    (Original post by marcusfox)
    It's actually hilarious.

    I have seen dozens of posts by him railing against the cuts, but now that the donkey with the red rosette on has said that they are needed, he suddenly flip flops.

    Proof if any was needed that the vast majority of Labour supporters vote for a brand (the one with a red rosette on) rather than any intelligent assessment of their policies...

    Massive embarrassment on this, only a few months ago Labour have said they will be rolling back the cuts and outspending the Coalition, and Miliband is made to look a complete idiot by the interviewer as he remained frozen like a deer in the headlights when asked repeatedly where all the money will come from - he just had no answer.

    All the while we are told by TSR's left leaning voters that Labour doesn't need a plan to deal with the economy, all they have to do is oppose the one the government has, and are falling over themselves to tell anyone who will listen that the cuts are wrong, and exactly why they are ideologically opposed to them.

    Now Miliband has come out saying that they will match the cuts, Labour supporters are falling over themselves to justify why the cuts are needed.

    Pure comedy gold...
    Precisely. It's of no surprise though, the left and its sheepish dullards have never had a grasp of economics. Bitterness and jealousy is more important to them.
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    "Economic reality" has nothing to do with it. this was purely down to political pressure. The economy needs fiscal stimulus to get back into the swing of the business cycle. Cutting spending now is not the answer.
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    (Original post by Barksy)
    Precisely. It's of no surprise though, the left and its sheepish dullards have never had a grasp of economics. Bitterness and jealousy is more important to them.
    Yup, screw the economy by borrowing trillions to buy votes from the poor, disabled and immigrants, then sit back and have the nerve to call the Tories "nasty *******s" when they try to stop the country going bankrupt.

    I expect the Labour-brand-fanboys take their own overdrafts up to the limit, just like Labour did, with very little to show for it, then start screaming "class war, you upper class twits, you've made me poor" at the bank when they won't let them borrow more.

    They have absolutely no idea how an economy works, by now they'd have 5 million miners working a 15-hour week and paying them all £90,000 a year & we'd all be paying £50 for a bag of coal. Just because none of them ever make anything of their lives, they hate those who do.
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    (Original post by Spaz Man)
    "Economic reality" has nothing to do with it. this was purely down to political pressure. The economy needs fiscal stimulus to get back into the swing of the business cycle. Cutting spending now is not the answer.
    You'll probably have a better answer than the two Eds did (e.g. none whatsoever) as to where all the money for that 'fiscal stimulus' spending will come from then...
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    (Original post by marcusfox)
    You'll probably have a better answer than the two Eds did (e.g. none whatsoever) as to where all the money for that 'fiscal stimulus' spending will come from then...
    Borrowing at negative interest rates.
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    (Original post by Spaz Man)
    Borrowing at negative interest rates.
    Sorry, my mistake, I should have been clearer.

    I meant in reality.
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    (Original post by Spaz Man)
    "Economic reality" has nothing to do with it. this was purely down to political pressure. The economy needs fiscal stimulus to get back into the swing of the business cycle. Cutting spending now is not the answer.


    Care to explain where thats's worked?
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    (Original post by marcusfox)
    Yup, screw the economy by borrowing trillions to buy votes from the poor, disabled and immigrants, then sit back and have the nerve to call the Tories "nasty *******s" when they try to stop the country going bankrupt.

    I expect the Labour-brand-fanboys take their own overdrafts up to the limit, just like Labour did, with very little to show for it, then start screaming "class war, you upper class twits, you've made me poor" at the bank when they won't let them borrow more.

    They have absolutely no idea how an economy works, by now they'd have 5 million miners working a 15-hour week and paying them all £90,000 a year & we'd all be paying £50 for a bag of coal. Just because none of them ever make anything of their lives, they hate those who do.

    Would we be paying £50 a bag? Or would it cost £1 and be subsidised by the taxpayer for the other £49?
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    (Original post by Spaz Man)
    "Economic reality" has nothing to do with it. this was purely down to political pressure. The economy needs fiscal stimulus to get back into the swing of the business cycle. Cutting spending now is not the answer.
    You've been ensnared by Keynesian dogma I see. People spending their own money will always trump a government spending someone else's.

    Look at the US debt levels and Solyndra. That is neither a path we want or can afford.
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    Ed Miliband couldn't quite lift himself above the tone of a conflicted conspiracy theorist in that press conference. It would have been amusing if their is no chance of him holding significant power (c.f. the entertainment that George Galloway brings to the table).
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    (Original post by Entangled)
    Ed Miliband couldn't quite lift himself above the tone of a conflicted conspiracy theorist in that press conference. It would have been amusing if their is no chance of him holding significant power (c.f. the entertainment that George Galloway brings to the table).
    Labour and their supporters need to wake up and smell the coffee.

    The world has changed. The "working class" now have 2nd homes in Spain and are more "Tory" than the Tories.
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    (Original post by MatureStudent36)
    Would we be paying £50 a bag? Or would it cost £1 and be subsidised by the taxpayer for the other £49?
    Well, no, the public sector salary would be the taxpayer 'subsidy'.
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    (Original post by marcusfox)
    Well, no, the public sector salary would be the taxpayer 'subsidy'.

    I was thinking that would be another subsidy they'd throw away
 
 
 
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