SWP's back said:
themadinventor said:
mr t said:
If you've not watched a minute of it then you've missed a treat - especially as it's been held in Britain which is something that will never happen again in our lifetime. Are you British themadinventor?
Yes I'm British, I don't regret not seeing the olympics for many reasons like the amount of money spent etc while we close schools and hospitals and ex squaddies sleep in doorways, I'd say the whole charade is as unpatriotic as it gets, just imagine the good they could do with that money here at home instead of finding out who can run the fastest or jump the highest, I'm glad to hear you say it wont be here again in our lifetime, problem is it will take that long to get OUR money back !!
You are showing a distinct lack of knowledge in economics here mate.
We spent a fortune (which we expect to get back by way), and that money went to British companies, in the British economy. Look up Keynesian economics, you spent big to receive big in a nut shell. We run a deficit as it is so if the money was not spent of the Olympics then you would not have noticed anything different, no additional money would have been spent on schools or hospitals so your point is moot.
And which schools and hospitals (without googling please) have been shut through underfunding? Are we so short of schools now that some children are going without an education as schools have been closed? Or are you just saying that because it sounds like a handy vox pop that will have those not thinking it through nodding sagely. Same with hospitals please.
As for ex squaddies sleeping in doorways, they don't have to, no one has to. You can't blame the Olympics for their personal failings.
The Olympics have been absolutely brilliant and if you've missed it then it is your loss sadly.
We are going to have to agree to disagree mate, from the documents I've read we don't expect to get our money back for many many years, sure figures can and probably will be manipulated to show how good it's all been for us but just take a look at other places that have held events and the state they are left in after the camera's have all gone.
The use of the word doorways wasn't literal but you can't tell me we shouldn't offer more help to our ex squaddies with or without failings but spend billions on the olympics, on a more personal note I'm absolutely totally sick and tired of hearing about some twat who hasn't had a job for 8 years being a better runner/jumper than anyone else and getting a gold medal.....like so what....get a job and contribute.
The following was in the telegraph ;
The £9.3 billion London 2012 Olympics are unlikely to deliver a major boost to the flagging UK economy, according to a new report, again raising doubts over the long-term impact on the Westcountry.
Organisers of the Games boasted that the whole country would benefit from the sports spectacular, despite it being centred in the capital.
But that effect has hardly been felt in Devon and Cornwall, with businesses securing just £9.6 million worth of contracts from the “top tier” deals worth a total of £5.5 billion.
Credit rating agency Moody’s has now warned that the country has already felt the impact of massive spending on infrastructure, mostly in London, and that other benefits will not be sustained.
“Although the 2012 summer Olympic and Paralympic Games are expected to provide a huge marketing opportunity for companies, the benefits are likely to be largely short-lived, providing only a temporary fillip to companies’ earnings,” its report said.
“Moody’s expects that corporate sponsors will benefit most from the Games.
“However, given the largely one-off impact of the Games on corporate profits, the rating agency does not expect that this alone will have an impact on its ratings, which tend to take a longer-term view.
“Overall, we think the Games are unlikely to provide a substantial macroeconomic boost to the UK during 2012.
“However, a number of individual sectors and credits look well-placed to benefit from the short-term fillip that the Games should provide.”
Concerns have already been raised in the Westcountry that the tourism industry could suffer with visitors being drawn to London.
Moody’s highlighted forecasts that travel and tourism’s total contribution to the economy will remain broadly unchanged this year, at £102bn.