The Conservative Party

[hilts]

Haha.

Nothing worse than a working class bloke who thinks he benefits from a Tory government. They’re literally working against you no matter who their leader is and they wouldn’t piss on you if you were on fire.

Love how absolutely nothing is the Tories fault and yet they apparently also ‘inherited Labour’s mess’. I can only presume you’re talking about the 2008 financial crises which was actually a world wide issue. The Tories simply weaponised the circumstances in their election campaign to point out ‘look what Labour have done’. George Osbourne years later actually said he privately thought Labour handled it quite well.

Not only that but the NHS had its highest ever approval rating during that Labour run, there was less homelessness & poverty, and our Greater Manchester high streets didn’t look like something out of a post apocalypse movie. You know, the kind of things we should all be wanting from our country?

In Chippys defense, and I disagree with him often, he has a point. For instance he hasn't said nothing is the tories fault. Both sides and its sad it always comes to this act in pretty much the same way. At the moment though the country is in a mess and the tories are making it much worse so their side is struggling under the weight of simple facts.

Posters aren't responding differently due to balanced thinking it's just this time events have made them look that way.

 

[Vic]

Haha, join the club mate. Total waste of time trying to provide a different perspective. It's not the £350 billion cost of lockdown or the £150 billion cost of the energy cap, both of which were strongly supported by the lefty types on here, it was the miniscule cost of the top rate tax cut that screwed the economy. Not just ours, the Yen has collapsed, the Euro is also at a record low against the dollar, that's one hell of a global effect for a tax cut that cost a few billion quid in one country.

The plan is clear and obvious, provide a business friendly low tax environment to promote growth and hopefully stave off a potentially disastrous recession that is looming. I don't think people have grasped the dire situation we are in across the West, which is why radical action is necessary. I guess it's easier just to call people cunts and blame them for the global shitshow. In fact, our debt to gdp ratio is 6th out of the 7 G7 nations, only one below us is Germany, and they're even more screwed than we are and Winter is coming. If they go into recession, the entire pack of debt leveraged cards could come tumbling. Where we go from there, fuck knows.

A clear and obvious plan with no clear and obvious evidence to support it. And apparently no review by the OBR, so not even VAR to see if it's a clear and obvious error.

 

[Vic]

In Chippys defense, and I disagree with him often, he has a point. For instance he hasn't said nothing is the tories fault. Both sides and its sad it always comes to this act in pretty much the same way. At the moment though the country is in a mess and the tories are making it much worse so their side is struggling under the weight of simple facts.

Posters aren't responding differently due to balanced thinking it's just this time events have made them look that way.

Utter cobblers. It's simple: when did Labour borrow to fund tax cuts?

 

[jitsubluedan]

I think we have reached the point where we need to stop engaging with this cretin.

He's not arguing in good faith, I'm pretty sure he's a WUM, if you respond with facts to disprove his arguments he just ignores the comment and starts espousing the disproven crap he comes out with to someone else.

No one actually believes the lines he's pumping out.

Sounds like any Tory spokesperson that’s rolled out to face the media on a daily basis.

 

[Alan Harper's Tash]

Not sure where this needs to be…

 

[ZenHalfTimeCrock]

Note that the Daily Telegraph subsequently redacted the initial version of the above by interpolating words and names like 'budget', ''Chancellor' and 'Kwasi Kwarteng' into the text.

Am therefore posting the original in the interests of transparency.

 

[M18CTID]

In Chippys defense, and I disagree with him often, he has a point. For instance he hasn't said nothing is the tories fault. Both sides and its sad it always comes to this act in pretty much the same way. At the moment though the country is in a mess and the tories are making it much worse so their side is struggling under the weight of simple facts.

Posters aren't responding differently due to balanced thinking it's just this time events have made them look that way.

I've not joined in with the pile on because while I think some of Chippy's posts on the current situation are misguided, he is often a quite sensible poster when it comes to the economy. He was strong and vocal in his Remain stance in the run-up to the EU referendum on here, and apologetically called me an idiot for voting for Brexit (hindsight shows he's probably right to be fair!), but we've also exchanged tips and advice on investment funds via PM.

My issue with what has happened in the past week is that whether you're a Tory or not, they have - in the past - been recognised as being quite competent with regards to economic policy (not always of course). This mini-budget, however, flies in the face of that and whatever the reasons behind it, it literally smacks of "winging it" in the hope that it'll all work out in the end. Whether there's anything more sinister behind it than simply taking a punt I've no idea but even if there isn't, it reeks of utter incompetence. And this is the problem with the current Conservative Party in general for me. Where I used to see them as more professional and more organised than Labour even though I was a regular Labour voter back in the day, they now strike me as being totally unprofessional and totally disorganised with more splits than the fucking San Andreas Fault! I've only ever voted Conservative once in a GE (in 2010) and it'll be a fucking long time, if ever, before I vote for them again. They simply can't be trusted to do the right thing these days. Anyone with half a brain cell could see that Sunak was the better candidate than Truss and while far from perfect himself and tainted by his role in Johnson's government, we at least wouldn't be faced with this latest shit show.

 

[BayernMan]

When Truss finally emerges from occultation today and simply parrots the line that the budgetary measures are necessary to stimulate growth, if I was interviewing her I would ask her to cite one, just one instance of tax-cutting, supply-side measures producing this effect.

I would also inform her that there is evidence that inequality of the sort that already afflicts the UK hampers economic growth, whereas a moderate amount of redistribution does not have a negative impact on such growth.

Here is a link to one of the relevant studies.

https://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf

There are others.

From the conclusion:

'It would still be a mistake to focus on growth and let inequality take care of itself, not only because inequality may be ethically undesirable but also because the resulting growth may be low and unsustainable. And second, there is surprisingly little evidence for the growth-destroying effects of fiscal redistribution at a macroeconomic level...for non-extreme redistributions, there is no evidence of any adverse direct effect.'

Great study! Much appreciated!

 

[metalblue]

They are out of control. Irrespective of their gamble working or not you don’t take these sort of risks with an economy. It’s irresponsible.

 

[domalino]

It has kind of been lost in time because the winner’s write history and all that. So many people genuinely think Labour just mismanaged the books in our country and we went into meltdown because of it but this was just the opposition/Tory narrative to win back voters.

It's genuinely sickening just to remember it. They came to power, derailed an effective economic recovery and then spent 12 years (and counting) blaming the government that had been fixing things for the fallout of their experimental policy failing.

And then they exploited the inequality from their own policies to blame the EU when their recovery was better, stoked anti-immigration rhetoric and generally blamed everyone else which lead to Brexit and the mess we are in now.

I wish this graph was etched in the memories of every voter, especially with Truss and Kwarteng making speeches about how we have to cut public spending now. Obama's increased spending vs mild Euro cuts vs. Tory Austerity.