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Anyone who votes tory is economically illiterate watch

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    The fact is the tories agenda of austerity makes zero economic sense despite your average idiotic voter thinking its "common sense" because the economies like a house hold. There is practically zero academic support for it. Secondly they want to both takes us out of the single market and put tarrifs up on european products which will cause huge rises in prices and further economic damage. Even economists who supported Brexit have criticised the government for wishing to do this.

    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
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    (Original post by intelligent con)
    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
    From history. Labour has a history of causing a lot of economic problems and the Conservatives have a history of cleaning up after them and rectifying their mistakes.
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    (Original post by intelligent con)
    The fact is the tories agenda of austerity makes zero economic sense despite your average idiotic voter thinking its "common sense" because the economies like a house hold. There is practically zero academic support for it. Secondly they want to both takes us out of the single market and put tarrifs up on european products which will cause huge rises in prices and further economic damage. Even economists who supported Brexit have criticised the government for wishing to do this.

    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
    Most anti-austerity arguments often revolve around a straw man fallacy- that austerity will harm GDP growth. But it isn't designed to boost GDP growth, it's meant to eliminate a budget deficit. It's also hard to take your argument seriously when the annually predicted apocalypse from the left since 2010 continues to fail to materialise and the UK economy performs amongst the best in the G7.
    The Tory government doesn't want tariffs on EU trade. It has made it explicably clear that it wants and will seek a free trade deal with the EU after leaving the bloc.
    Your entire post is rambling nonsense.
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    Please dont feed this troll. He won't reply to any of your points .
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    (Original post by ComplanAddict)
    From history. Labour has a history of causing a lot of economic problems and the Conservatives have a history of cleaning up after them and rectifying their mistakes.
    If you're referring to 2008 please check your facts. Also don't make the claim labour were over spending when the tories promised to match their budget and at one point even proposed spending more than Labour. Black Wednesday happened under a Tory government as did the Lawson boom. By 2020 the conservative government since 2010 would have borrowed more and increased the national debt by the total borrowing of all Labour governments combined, I think Alistair Darling and Brown's budget program would've worked, don't believe me? Just ask Osborne! First he said Darlings figures were unrealistic then he was even more ambitious which didn't go too well as reflected in the actual performances
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    (Original post by intelligent con)
    The fact is the tories agenda of austerity makes zero economic sense despite your average idiotic voter thinking its "common sense" because the economies like a house hold. There is practically zero academic support for it. Secondly they want to both takes us out of the single market and put tarrifs up on european products which will cause huge rises in prices and further economic damage. Even economists who supported Brexit have criticised the government for wishing to do this.

    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
    Not like Labour is much better though.
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    (Original post by Reue)
    Please dont feed this troll. He won't reply to any of your points .
    "I haven't got an argument and OP sounds about right so I will do what I can to discourage debate"
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    The policies made by the tories dont make any economic sense. But theyre not about long term economic sense, they just aim to keep real income steady and maintain a slow growth rate in order to get re-elected. If a blairite like Umunna took over, the tories will be done.
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    (Original post by Jesusfaps)
    "I haven't got an argument and OP sounds about right so I will do what I can to discourage debate"
    Perhaps OP has created a new account instead
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    (Original post by pol pot noodles)
    Most anti-austerity arguments often revolve around a straw man fallacy- that austerity will harm GDP growth. But it isn't designed to boost GDP growth, it's meant to eliminate a budget deficit. It's also hard to take your argument seriously when the annually predicted apocalypse from the left since 2010 continues to fail to materialise and the UK economy performs amongst the best in the G7.
    The Tory government doesn't want tariffs on EU trade. It has made it explicably clear that it wants and will seek a free trade deal with the EU after leaving the bloc.
    Your entire post is rambling nonsense.
    Yes but it has also said it will impose tarrifs on the EU if they impose them on us, which makes zero economic sense and is just to appease the jingoistic press
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    (Original post by intelligent con)
    Yes but it has also said it will impose tarrifs on the EU if they impose them on us, which makes zero economic sense and is just to appease the jingoistic press
    No. The government's position is that it will take no deal rather than a bad deal. The implication is that they will accept free trade, or as close to it as possible, or revert to WTO tariffs.
    Regardless, in general, OF COURSE we impose retaliatory tariffs back if the EU hits us with them. That's economic sense, political sense and common sense. I can't even begin to imagine how feeble you must be in negotiations if that's your attitude.
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    (Original post by intelligent con)
    The fact is the tories agenda of austerity makes zero economic sense despite your average idiotic voter thinking its "common sense" because the economies like a house hold. There is practically zero academic support for it. Secondly they want to both takes us out of the single market and put tarrifs up on european products which will cause huge rises in prices and further economic damage. Even economists who supported Brexit have criticised the government for wishing to do this.

    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
    Your argument is about 5 years out of date. What we see today (and will see in the budget tomorrow) is further current spending cuts with money diverted towards capital spending, this approach has allowed the deficit to fall in recent years while maintaining economic growth of ~2%+.

    As for leaving the single market, the Tories have made it very clear that they want to abolish as many tariffs as possible with as many countries as possible. Your argument here is poor.
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    (Original post by Rakas21)
    Your argument is about 5 years out of date. What we see today (and will see in the budget tomorrow) is further current spending cuts with money diverted towards capital spending, this approach has allowed the deficit to fall in recent years while maintaining economic growth of ~2%+.

    As for leaving the single market, the Tories have made it very clear that they want to abolish as many tariffs as possible with as many countries as possible. Your argument here is poor.
    Funny that when it comes to actual economics , he doesn't debate
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    Much better to go Labour or Green - the true economic masters/
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    (Original post by zayn008)
    If you're referring to 2008 please check your facts. Also don't make the claim labour were over spending when the tories promised to match their budget and at one point even proposed spending more than Labour. s
    Ok. You check your facts.
    2008 was caused the belief in hydraulic Keynesian economics- the belief that infinite credit supply would lead to infinite economic growth. It was also caused by Clinton deregulating the market so the poor could get homes.

    Again check your facts again.
    In the labour 1997 manifesto it promised to match the conservatives spending plans which it then did and eradicated the deficit.
    As soon as labour abandoned it they ran a deficit.(as seen in the graph below)
    Seems like the tory budget of Major Clarke worked after all.
    Labour did overspend in the good years.
    They inherited the best economy in British history.
    As Prime Minister Sir John Major oversaw Britain's longest period of continuous economic growth



    (Original post by zayn008)
    If Black Wednesday happened under a Tory government s
    Here you show your awful understanding of economics. Labour backed joining the exchange rate mechanism

    The governing Conservative Party had been split over entry to the ERM but Prime Minister Margaret Thatcher eventually agreed to sign up in October 1990.
    The immediate impact was a fall in interest rates - the first in a year - and, on the day of the announcement, a rise in London share prices. Labour welcomed the decision.

    Are you suggested we should have remained in the exchange rate mechanism?
    John Major was actually one of the people who was responsible for keeping us out of the euro!

    (Original post by zayn008)
    IBy 2020 the conservative government since 2010 would have borrowed more and increased the national debt by the total borrowing of all Labour governments combined,
    This is the worst argument I have ever heard in my life
    The only realistic way to reduce national debt is to run a budget surplus. Unless the government is still borrowing to invest and labour has promised to do this. Another way to reduce the debt is if government assets grow by more than the current budget deficit, then the deficit would not lead to an increase in overall debt but this just isn't happening! Reducing the deficit is a step in the right direction.

    So reducing the deficit has been a good thing but as Gordon Brown left it so high( not completely his fault but partially) , debt has obviously increased because the deficit is so high. The only way to reduce the national debt is to run a surplus. The deficit is still greater than in 2006 so obviously the debt has increased massively. This isn't necessarily the tories fault. The tories were left with a massive deficit and debt and have tried to cut it.
    To say its the tories fault isn't true , its just as true as blaming the financial crisis of 2008 on labour when it isn't the case.

    So labour would have halfed capital spending?
    This means the debt still would have increased and they would have borrowed me than every other tory government.
    To suggest labour would have reduced debt and not borrowed more than every other tory government is farcical.
    This again shows your lack of knowledge.

    (Original post by zayn008)
    I, I think Alistair Darling and Brown's budget program would've worked, don't believe me? Just ask Osborne! First he said Darlings figures were unrealistic then he was even more ambitious which didn't go too well as reflected in the actual performances
    So the debt would have been the same if Darling hit his targets( which he most likely wouldn't).
    Its ironic you tell others to check their facts.
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    (Original post by oswaldmosley88)
    Much better to go Labour or Green - the true economic masters/
    I hope you were being sarcastic
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    (Original post by intelligent con)
    Yes but it has also said it will impose tarrifs on the EU if they impose them on us, which makes zero economic sense and is just to appease the jingoistic press
    Oh wait so your supporting free market economics now?
    Protectionism is left wing economics and free trade is right wing economics.

    I shall repeat rakas' point which you haven't responded to .
    As for leaving the single market, the Tories have made it very clear that they want to abolish as many tariffs as possible with as many countries as possible. Your argument here is poor.

    Your arguments are shambolic and you haven't even debated economics because you know zero.
    Talk about academic support. Its quite ironic seeing as you don't have knowledge yourself
    :rofl: :rofl: :rofl:
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    (Original post by intelligent con)
    The fact is the tories agenda of austerity makes zero economic sense despite your average idiotic voter thinking its "common sense" because the economies like a house hold. There is practically zero academic support for it. Secondly they want to both takes us out of the single market and put tarrifs up on european products which will cause huge rises in prices and further economic damage. Even economists who supported Brexit have criticised the government for wishing to do this.

    The fact is anyone who votes tory has zero understanding of economics. Where the idea they were the best party to trust the economy came from I will never know.
    Well that's a smart comment. "Anyone who doesn't agree with me is economically illiterate" what are you gonna do next baby boy? poo your pants? xD
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    (Original post by fleky6910)
    I hope you were being sarcastic
    NO - MASTER RACE CORBYN will deliver us the New British Socialist Empire.
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    (Original post by pol pot noodles)
    Most anti-austerity arguments often revolve around a straw man fallacy- that austerity will harm GDP growth. But it isn't designed to boost GDP growth, it's meant to eliminate a budget deficit. It's also hard to take your argument seriously when the annually predicted apocalypse from the left since 2010 continues to fail to materialise and the UK economy performs amongst the best in the G7.
    The Tory government doesn't want tariffs on EU trade. It has made it explicably clear that it wants and will seek a free trade deal with the EU after leaving the bloc.
    Your entire post is rambling nonsense.
    This.

    I do however think we have gone as far as we can go with cuts at this point and it's time for lots of infrastructure projects to grow our way out of the rest of the deficit and to shrink the debt


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