The Credit CrunchDid 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?
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chthonic, Thu 22 Jan 2009, 12:19)
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No, that's not true...Yes, there are global cycles, but if you police your financial industry properly, they can't accrue toxic debt or lend to sub-prime borrowers.
The government should also then have enough revenue from tax left from the up-turn to help the economy ride out the down-turn, but Brown (and Blair) wasted all the cash, but now seeks to deny any responsiblity. Then again, it's typical (New) Labour policy - Tax the middle classes to breaking point (class war), then spend all the money like water. At no point in the 20th Century did a Labour Government ever turn a bad economy into a good one - so why would Brown be any different?
(, Fri 23 Jan 2009, 15:33, 1 reply)
Sorry -- I didn't mean to imply his policies were benign: they definitely weren't. I simply meant he shouldn't get any credit for the good times.
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Olembe Refuses to write in this space, Fri 23 Jan 2009, 15:39,
closed)
ahhh...sorry - I did think it incredible that you'd be standing up for him!
(, Fri 23 Jan 2009, 15:44, closed)
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