Author Topic: Is Chancellor George Osborne the right person?  (Read 13220 times)

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  • Offline Clock'd 0Ne

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Re: Is Chancellor George Osborne the right person?
Reply #15 on: January 10, 2012, 12:33:11 PM
Politicians are not interested in the long term, when has that ever kept them in power? No, it's reactionary and short term flash measures that they want to secure their place with.

We haven't had anyone truly great in parliament since the likes of Churchill and I have no doubts that we ever will again.

  • Offline Adrock

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Re: Is Chancellor George Osborne the right person?
Reply #16 on: January 14, 2012, 23:22:36 PM
Hang on, Parliament is a bit strong. There have been some outstanding parliamentarians in the past.

As for people within government or around the upper echelons of their party. I concede you are correct.
Last Edit: January 14, 2012, 23:24:58 PM by Adrock #187;

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Re: Is Chancellor George Osborne the right person?
Reply #17 on: April 26, 2012, 04:10:59 AM
UK economy in double-dip recession

http://www.bbc.co.uk/news/business-17836624

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Prime Minister David Cameron said the figures were "very, very disappointing"

/cue large number of voices shouting 'I told you so!'

Re: Is Chancellor George Osborne the right person?
Reply #18 on: April 26, 2012, 07:57:41 AM
UK economy in double-dip recession

http://www.bbc.co.uk/news/business-17836624

Quote
Prime Minister David Cameron said the figures were "very, very disappointing"

/cue large number of voices shouting 'I told you so!'

while the obvious answer was to borrow more money to pay back the money owed?
on a smaller scale, I wonder how many individuals have done that & ended up going bankrupt?

Its quite easy, if you owe more than you bring in, you make cutbacks. not borrow more in the hope
you can use it to generate more. Thats called gambling.

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Re: Is Chancellor George Osborne the right person?
Reply #19 on: April 28, 2012, 02:24:17 AM
When was it a good idea to cripple your economy so you can't pay it back?

People in work generate money and pay the bills - those not in work cost.

  • Offline Dave

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Re: Is Chancellor George Osborne the right person?
Reply #20 on: April 29, 2012, 00:05:22 AM
UK economy in double-dip recession

http://www.bbc.co.uk/news/business-17836624

Quote
Prime Minister David Cameron said the figures were "very, very disappointing"

/cue large number of voices shouting 'I told you so!'

I wouldn't be so quick to shout that yet - tis debatable whether debt fueled spending would help at this point in time - we might well have an answer to the question in a few years or so... then you might well be able to shout 'I told you so'

France is seemingly about to elect Hollande, if they do then we'll have an interesting experiment - France has a similar sized economy to ours, their new govt is likely to go down the road of debt fueled spending whereas ours is going for austerity measures... it would be quite interesting to see the impact of both in a few years time.

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Re: Is Chancellor George Osborne the right person?
Reply #21 on: April 29, 2012, 12:24:02 PM
France is very different to the UK and not really comparable. They have the Euro and we don't. The only way to compare is to have two worlds, one voted Conservative/Liberal at the last election, the other retaining Labour. Then you might have a system that you can compare the results.

We were out of the recession problem, had we just continued everything would have gone a lot better than at present.

And I agree, we can't go on trying to spend our way out of trouble forever - it has to be done at the right point and kept going, otherwise the chance is wasted. OTOH putting taxes up excessively when the country is already in a very bad way is asking for recession.

  • Offline Dave

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Re: Is Chancellor George Osborne the right person?
Reply #22 on: April 29, 2012, 15:00:03 PM
unlikely

and yes you can make a comparison, the economy is of a similar size and they're about to follow the opposite philosophy to the one you're criticizing here - if it significantly harms them and they turn into the next Spain, Portugal, Ireland etc... then you'll have your answer, if not and they perform significantly better than us....yes we don't have the EUR but the rate between our ccy and the EUR is significantly influenced by govt policy affecting inflation and therefore interest rates.

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Re: Is Chancellor George Osborne the right person?
Reply #23 on: May 01, 2012, 09:05:36 AM
It's a comparison between chalk and cheese. They are DIFFERENT.

  • Offline Dave

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Re: Is Chancellor George Osborne the right person?
Reply #24 on: May 01, 2012, 10:08:45 AM
Hmm yeah they are diffetent, it's a reasonable enough fit for this comparison.

Chalk and cheese - nah more like chedda and Edam - whilst you can point out the obvious, that one is orange and has a wax layer it doesn't negate the fact that leaving one unwrapped and outside the fridge will have a noticeable effect as the impact of that action is significant enough.


  • Offline Eagle

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Re: Is Chancellor George Osborne the right person?
Reply #25 on: May 01, 2012, 20:57:26 PM
We haven't had anyone truly great in parliament since the likes of Churchill...
And even he was an incompetent tosser, tbh...

  • Offline Dave

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Re: Is Chancellor George Osborne the right person?
Reply #26 on: May 06, 2012, 21:29:02 PM
Well here we go... they've elected Hollande - lets see how the UK and France fair over the next couple of years with austerity vs debt fueled spending.

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Re: Is Chancellor George Osborne the right person?
Reply #27 on: May 08, 2012, 04:49:06 AM
Hmm yeah they are diffetent, it's a reasonable enough fit for this comparison.

Chalk and cheese - nah more like chedda and Edam - whilst you can point out the obvious, that one is orange and has a wax layer it doesn't negate the fact that leaving one unwrapped and outside the fridge will have a noticeable effect as the impact of that action is significant enough.

There are many differences such as the kind of party and economics. While UK Labour might be regarded as 'left wing' the actual running of the country was moderate conservative under them. Similarly a French government deciding to splurge money and hope for the best can't be compared to a British one being far more prudent in it's spending.

Remember also that it was THE BANKS who got us into the mess in the first case - not the political parties. Much of the money that ended up being owed by the government was because they bailed out the banks, not because the government spending was excessive.

Labour warned the coalition they were making a huge gamble, the political pundits warned they were taking a huge gamble, and guess what? They took the huge gamble and got snake eyes.

George Osborne comes from a family of gamblers. So far it has paid off for them personally. It looks like it didn't for anyone else though.

Re: Is Chancellor George Osborne the right person?
Reply #28 on: May 08, 2012, 08:54:28 AM


Remember also that it was THE BANKS who got us into the mess in the first case - not the political parties. Much of the money that ended up being owed by the government was because they bailed out the banks, not because the government spending was excessive.

hmm... who de-regulated the banks? LABOUR! its labour who is at fault. Apart from spending all the Goverment money (or giving it away), they allowed the banking sector to regulate themeselves.
in turn, they made a mess of it, credit became easy to obtain, then when the bubble burst, the finger pointing started.
Budget after budget Gordon Brown spent fistfuls of cash & never kept any back for a rainy day. Cycle after cycle. Be interesting to see if labour win the next gen elec & the state on the country 4 years after that, as he tories wouldnt have had long enough to fix the economy & save some pennies in the goverment coffers.

  • Offline Dave

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Re: Is Chancellor George Osborne the right person?
Reply #29 on: May 08, 2012, 19:50:52 PM
There are many differences such as the kind of party and economics. While UK Labour might be regarded as 'left wing' the actual running of the country was moderate conservative under them.

erm yeah, under a center right Blairite regime... current Labour opposition is a bit of a mixed bag really with some Blarite relics the current Leader doesn't really have the 'Balls' to remove, as highlighted by Livingstone yesterday - obviously they'll oppose the coalition but who's to say what they would have done - there is a reasonable chance that, if in power, they wouldn't have been too different. Anyway its completely irrelevant as we're interested here in comparing two clearly different philosophies not guesstimating what sort of half baked ideas might have been tried here had the other side got in...

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Similarly a French government deciding to splurge money and hope for the best can't be compared to a British one being far more prudent in it's spending.

Not a comparison but rather a contrast - if one significantly under performs vs the other then we will get a fairly strong confirmation re: which side took the correct approach with austerity over here vs debt fueled spending over there.
Last Edit: May 08, 2012, 19:52:23 PM by Dave #187;

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