The Conservative Party

[Ban-jani]

Disagree. If Labour had accumulated a surplus in the late 90s and early 00s, then investing that nest egg throughout the recession would have saved jobs.

The recession wasn't Labour's fault, but our ability to manage the effects of it was.

They were going through a period of restructuring society so that capitalism could work for everyone, of course you need to borrow for that.

It was unfortunate, nothing else.

 

[Chris in London]

Spot on.


However, as many are now realising, in the light of the Banking collapse, the so-called "Phone Hacking Scandal" and now Trump/Johnson, it turns out that since the 1970s Dave Spart has been Britain's wisest and most accurate political commentator.
Who would have thought.

Once again. Totally predictably.

 

[smudgedj]

What has Rory Stewart got planned after his resignation?

He’s already auditioning for the next Star Wars movie.

 

[CityStu]

If it was "always going to go bust" I presume you predicted it.

I was 17 so not that well nuanced in global politics and economics. I think that even then I'd have thought it unlikely that something that had existed throughout capitalism would suddenly end because I wanted to splash some cash though.

Predicting when the cycle switches is difficult, but nobody asked Labour to do that; just to be prepared for the possibility of bust.

They were going through a period of restructuring society so that capitalism could work for everyone, of course you need to borrow for that.

It was unfortunate, nothing else.

Restructuring society should have waited until the recession, when investing and borrowing made more sense. Labour may have been in power too if they could have demonstrated that they'd prepared for the eventuality of it.

It would make sense for me to change my diesel car for a hybrid because I no longer do enough miles for it to be worth it in fuel economy and I'd like to be greener. But it doesn't make sense for me to break the bank to do it right now.

 

[Ban-jani]

I was 17 so not that well nuanced in global politics and economics. I think that even then I'd have thought it unlikely that something that had existed throughout capitalism would suddenly end because I wanted to splash some cash though.

Predicting when the cycle switches is difficult, but nobody asked Labour to do that; just to be prepared for the possibility of bust.



Restructuring society should have waited until the recession, when investing and borrowing made more sense. Labour may have been in power too if they could have demonstrated that they'd prepared for the eventuality of it.

It would make sense for me to change my diesel car for a hybrid because I no longer do enough miles for it to be worth it in fuel economy and I'd like to be greener. But it doesn't make sense for me to break the bank to do it right now.

They didn’t know the recession was coming, that’s the point.

 

[CityStu]

They didn’t know the recession was coming, that’s the point.

There's always a recession coming; it's the cycle of boom and bust. Labour declared the cycle over so they could spend frivolously.

 

[Ban-jani]

There's always a recession coming; it's the cycle of boom and bust. Labour declared the cycle over so they could spend frivolously.

They weren’t expecting a global banking crisis, which was the worst since the Great Depression, arguably worse.

 

[CityStu]

They weren’t expecting a global banking crisis, which was the worst since the Great Depression, arguably worse.

I know, they were expecting boom years to continue forever. They were naive.

 

[Ban-jani]

I know, they were expecting boom years to continue forever. They were naive.

So was the entire planet.

 

[aguero93:20]

There's always a recession coming; it's the cycle of boom and bust. Labour declared the cycle over so they could spend frivolously.

There's recessions and then there's the Wall Street crash and the Subprime crisis. They were in a different league.