Off Topic The QPR Not 606 Rolling Election Poll

The Labour government knew the banks were the biggest risk to the economy. The regulator knew. And they did nothing about

 

The vast majority of the last Labour government's spending after 2008 was in propping up the banks. Hundreds of billions of pounds to the very paragons of capitalism that caused the crisis through pure greed in the first place. Does anyone seriously think that the Tories would have let their friends the bankers go to the wall? The only thing Labour did was not immediately try to get the rest of us to pay for it by cutting services. And of course the bankers have gone on cheating, trying to fix currency exchange rates, developing tax evasions schemes, ever since. There are very strong economic arguments backing up the argument that the leap into austerity in 2010 prolonged the recession by a couple of years.

I am no fan of the Blair/brown governments, but the Tory campaign played a blinder in convincing large chunks of the electorate that it was all Labour's fault, and Miliband et al were misguided (from 2010 onwards) in trying to distance themselves from their predecessors and avoid discussing what actually happened.

 

What did they do that for?

 

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Great post. It remains a mystery to me why Labour declined to take on the Tory lie of 'Labour's recession'.

Perhaps this thread should be merged with Election thread?

 

I have to tell you that I was overseas last week and was just after info, not particularly to start another riot on here! Mods feel free to merge, close or leave as you see fit.

 

The Labour Government were right up the bankers's arses too. One of the biggest banking disasters was Sir Fred Goodwin of RBS, who if I remember rightly was knighted by the Labour Government in the early 2000's. Neither a Labour nor a Tory government could afford to let the banks go to the wall - it had nothing to do with banking friends - the whole system could have collapsed if the general public lost faith that their money would be safe in high street banks.

Labour didn't cause the banking crisis, but they have admitted they made it worse by relaxing the regulatory system, and Labour's spending was imprudent and out of hand (something that Lord Mandelson has admitted in terms post-election) . Miliband's failure to admit this was one of the reasons why the public lost faith in him.

As to austerity prolonging the recession, you will always find some economist to argue this. This was essentially the Ed Balls argument that has now been widely discredited.

 

Can we also rename this thread the argument clinic now the election is over...

 

So Brown and Darling were right to bail out the banks then.

Labour have admitted that they were wrong to relax banking regulation, but the Tories remain largely unchallenged about the fact that they were saying at the time that deregulation hadn't gone far enough.

 

Brown had no choice on bailing the banks, and among other actions, called in a favour from his mate Victor Blank to merge Lloyd's with a failing HBOS

I've heard the allegations re regulation, but the call would have to have come from the leader of the opposition or shadow chancellor to be persuasive and I'm not aware that Labour produced evidence from Hansard. At the end of the day , anyway, the buck stops with government. It is they that have to explain their actions to the electorate

 

FRACKING : Depends how you get it through my friend:

Hiding Fracking Inside the Infrastructures Bill – the Tory push for all-out fracking across the UK
By bellacaledonia on February 10, 2015 • ( 13 )

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Lesley Docksey reflects on the issue of fracking across the UK.
On January 26 Westminster voted through the Infrastructure Bill, one of those gargantuan messes so beloved of governments – a Bill that included everything. Hidden amongst all the rest was a section on fracking.

And of course who stands to benefit most from it:

David Howell
Perhaps the best place to start is with George Osborne's own family. His father-in-law, the Conservative peer Lord Howell is a lobbyist for the fossil fuel industry. He combines his role as president of the British Institute of Energy Economics (sponsored by Shell and BP amongst others) with the role of energy minister at the Foreign Office. He is notoriously skeptical of renewable energy sources and the sponsors of his institute stand to gain dramatically from the lucrative fracking tax break being handed to them by his son-in-law.

 

Selective quoting does nobody any good - least of all you.Pils.

If you had quoted ALL of my post, it would be clear my statement was about the moans re the voting system. Which you well know. Please debate properly in future and don't deliberately misquote people, because when you do that nobody takes you at all seriously.[/QUOTE]

Apologies if you thought i was misleading Chaz - i did actually quote all of your quote but when I highlighted the words in your quote that I wanted to reflect upon and then clicked post reply only those words appeared.

I was going to try and work out how to do it properly but figured that people on here would have read through the thread and known what i was talking about so didnt give it a second thought.

Like i said, apologies for any offense caused...................that genuinely wasnt my intent.

I like to debate issues...................... not point score.

 

First clash with the EU coming up, Junckers plans to establish a quota system for asylum seekers so arrivals in EU would be shared out 'fairly' between member states. Contrary to the 'they all want to come here' scaremongers, we have about 30,000 asylum seekers. France and Italy have over 60,000, and Germany over 200,000. The Times suggests that the system would double to number to about 60,000 for us.

We are either in this club or out of it.

 

It seems George Galloway is taking legal action to challenge the result in his constituency because his opponent had made 'false statements' that affected the result.

On that basis we could have to re-run the whole election.

 

It's rare for me to be quite so malicious but in Galloway's case I hope he loses big time and is financially crippled by the results. But doubtless the cowed and bullied membership of 'Respect' will be paying for his latest vanity project.

 

I had one Welsh grandparent, one Irish and a Danish great grandparent. Am I ok to stay? Or do I need to pack my bags? Just wondering if there is a qualifying list of boxes people need to tick.

PS he majority of foxes don't tend to be shot or ripped apart from the hunts, they tend to die from heart attacks brought on from the stress

Oh and just so you know
https://www.ucl.ac.uk/news/news-articles/1114/051114-economic-impact-EU-immigration

 

The first people to be called 'English' were the Anglo-Saxons, a group of closely related Germanic tribes that began migrating to eastern and southern Great Britain, from southern Denmark and northern Germany, in the 5th century AD, after the Romans had withdrawn from Britain.

Think this makes you good to stay Tim

 

Of course the Celtic tribes were here before the Angles and Saxons, who were relatively recent immigrants by comparison

 

Nigel Farage is on QT tonight - let's see how 'snarling, thin-skinned, and aggressive' he really is.

 

Heard Mark Carneyon the Today programme this morning. Very accomplished, he had the 'snarling and aggressive' twat Humphreys eating out of his hand.

I suspect Farage and co are going to make us glad we've got such a crap electoral system. Imagine that shambles with 60 seats?