tag:blogger.com,1999:blog-32841798.post7376283625861342751..comments2024-03-28T09:55:42.123+00:00Comments on Capitalists@Work: The Brown DelusionCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-32841798.post-8672178648837409632013-09-24T16:19:30.156+01:002013-09-24T16:19:30.156+01:00I did not realise that student fees had caused the...I did not realise that student fees had caused the banking crisis. New one on me.Blue Eyesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-55491451958625973002013-09-23T21:20:35.330+01:002013-09-23T21:20:35.330+01:00In 1997 Blair promised not to scrap student grants...In 1997 Blair promised not to scrap student grants.deariemenoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-80213668576771013202013-09-23T14:59:32.563+01:002013-09-23T14:59:32.563+01:00The only thing anyone needs to remember about Gord...The only thing anyone needs to remember about Gordon Brown is that in 1997 he promised to ensure that a house-price bubble did not occur.Blue Eyesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-33259306485044053332013-09-23T14:10:36.686+01:002013-09-23T14:10:36.686+01:00They should have set up a load of local banks read...They should have set up a load of local banks ready for the crash, perhaps they'll do it this time, it's got to be here in a year or so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-46421484162714963802013-09-23T13:14:51.324+01:002013-09-23T13:14:51.324+01:00good post CU: important to write the history accur...good post CU: important to write the history accurately, memories are short and spin is mendacious<br /><br />let us hope Andrew is correctNick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-18954696573991331332013-09-23T12:39:02.482+01:002013-09-23T12:39:02.482+01:00Good stuff, but I must chide you over one remark: ...Good stuff, but I must chide you over one remark: "the usual one-eyed perspective" is in bad taste.<br /><br />As for the next election, all talk of who will win is pointless until people realise how huge will be the advantage that Labour will get from its unreversed gerrymandering of the constituency boundaries, and its corruption-friendly changes to postal voting.deariemenoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-87423167156379651482013-09-23T12:15:44.074+01:002013-09-23T12:15:44.074+01:00Jonas - I can never understand why the Govt. didnt...Jonas - I can never understand why the Govt. didnt let them all go bankrupt technically for a second or so and then step in and say we own you - our game our rules. Well actually I do, they didnt have the cohones or the nous.<br /><br />CU: I'm afraid I dont but the line that The Two Eds will be much worse that the current shower we have in now. It's a question of degree perhaps but too many give Camerborne a free pass as they are dressed in nominal Tory clothes. hovisnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-63268291727590434142013-09-23T11:58:16.419+01:002013-09-23T11:58:16.419+01:00Completely with you until
'Edi Milliband and...Completely with you until <br /><br />'Edi Milliband and Ed Balls, the men who will likley be in charge to create the next economic crisis. '<br /><br />They wont be in charge. <br />People in the mass wont have as clear a memory as you, but they do know that Labor did something very wrong.<br /><br />They know what both blair and brown did bad things.<br /><br />Balls is already tarred by that brush. Milliband might dodge it.<br /><br />But there are some fairly strong tides moving <br /><br />After some time when the incumbents have been turfed out, it looks like incumbents are starting to get the upper hand.<br /><br />Things are getting better (admittedly from a low base) - but they are getting better.<br /><br />We need get rid of the deficit. <br />This will not be popular.<br /><br />As a commentator noted on Today this AM, all the complexity boils down to who sells a vision of hope best.<br /><br />I dont particuarly rate Cameron, but I wouldn't buy raffle tickets from milliband.<br /><br />andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-80017619384775129822013-09-23T11:26:26.839+01:002013-09-23T11:26:26.839+01:00"They knew nothing until the crisis was upon ..."They knew nothing until the crisis was upon them"<br /><br />Except Gordon "no more boom and bust" Brown was a historian who knew all about the Great Depression and the credit boom that triggered it. In fact that was probably the only thing he knew about economics.<br /><br />So the question is, why did he create the credit boom that was bound to lead to a bust? Was he trying to break the system deliberately, or simply trying to buy Blair more time until he got himself in power? Or both? i'm guessing he was simply so ambitious that he was using it to buy time, that he's a thoroughly evil man and Damian McBride and Brown were therefore perfectly suited to each other.<br />Ryannoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-78086318710312348572013-09-23T10:19:20.581+01:002013-09-23T10:19:20.581+01:00Totally agree. We saw RBS go through several right...Totally agree. We saw RBS go through several rights issues before giving up the ghost. The government had no clue.<br /><br />Remember when Darling warned of the recession he complained about "the forces of hell" being unleashed on him by Brown/McBride from Downing Street.<br /><br />Worse it wasn't just the handling but the cost. Look at the blank cheques given to creditors in all instances.<br /><br />Plus on a point of detail, the bank rescue plan was designed by bankers, treasury officials and Darling and only presented to Gordon Brown at 5am on the morning it was launched. However he was quick to claim credit for the bailout plans.Jonas Lampeternoreply@blogger.com