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This is a question The Credit Crunch

Did you score a bargain in Woolworths?
Meet someone nice in the queue to withdraw your 10p from Northern Rock?
Get made redundant from the job you hated enough to spend all day on b3ta?

How has the credit crunch affected you?

(, Thu 22 Jan 2009, 12:19)
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how can you support Brown?
Aside from the fact that I have grave doubts about the long term vision provided by a one-eyed man, they rode a wave of economic growth put in place by John Major (as no government policy takes effect for at least three years), whilst pissing away money on support immingrant-snigle-mother-gay-basket-weaving workshops, trying to federalise us into the EU state by the back door and starting two illegal wars. They let the Bank of England (which they privatised, not the Tories, remember) set interest rates, made them responsible for the Pound, but gave them next to no power to prevent bad economic actions by either government or the financial industry...

I could go on for a long, long time, but basically, Blair and Brown took us from prosperity to huge public debt and unprecedented levels of personal borrowing. Of course, people were happy because they could have their sovreign rings and Reebok Classics, but the fact is that anytime the average level of borrowing is 100% of the household income, plus at least another 100%, then there is a real problem and that, unfortunately, is how Brown "beat" the boom and bust cycle - he just turned a blind eye to irresponsible lending until such times as it became totally unmanageable and it brings the coutnry to its knees...i.e the present day.
(, Fri 23 Jan 2009, 15:29, 1 reply)
alright,i agree.
what's an illegal war?
(, Fri 23 Jan 2009, 16:06, closed)

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