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The IMF, who previously have suggested a wonderful thing to do with a Banking tax or twain, have weighed into the political debate inadvertently.
www.guardian.co.uk/business/2010/apr/21/western-economies-too-weak-for-spending-cuts-imf-warns
So according to the IMF, who would have to be called in to bail us out should things go tits-up in the way of Greece (which according to Professor Joseph Stiglitz is hugely unlikely) our economy is too weak to start the cuts/tax rises until 2011. Which is what both Labour and the Lib-Dems say.
Gawd bless the Tories, hey.
I'm sorry to all you folk who want change for its own sake: but from my limited economic understanding, Brown and Darling are making more sense than the rest of 'em. Of course, we'll vote in the disaster of the Tories nevertheless.
www.guardian.co.uk/business/2010/apr/21/western-economies-too-weak-for-spending-cuts-imf-warns
So according to the IMF, who would have to be called in to bail us out should things go tits-up in the way of Greece (which according to Professor Joseph Stiglitz is hugely unlikely) our economy is too weak to start the cuts/tax rises until 2011. Which is what both Labour and the Lib-Dems say.
Gawd bless the Tories, hey.
I'm sorry to all you folk who want change for its own sake: but from my limited economic understanding, Brown and Darling are making more sense than the rest of 'em. Of course, we'll vote in the disaster of the Tories nevertheless.
no subject
Date: 2010-04-22 06:04 pm (UTC)If the Torries are similar to our own Republicans, I can't wait to see what a mess they make of things while they are "fixing" things. It seems insane to me that we continue to let these pigs drive us further down the road to ruin.
no subject
Date: 2010-04-22 06:40 pm (UTC)However, as I've blogged about over the past couple of years, they've made choices I find frankly stupid and quite scary.
For instance, to appease a hard rump of Euro-sceptics, they withdrew from the right-of-centre European coalition in the EU Parliament, and allied themselves with a bunch of homophobes and SS apologists.
They have called for immediate spending cuts; which is at variance with the economic predictions of the very body they've invoked as a spectre hanging over the results of the present government's policies.
I don't mind a chap, or a party being posh, but I don't like being led by folk who place ideology above what appears to be good sense.
Basically, they appear to be economic eejits who pander to homophobic quasi-racists to appear tough on Europe.
Not good political choices, IMHO.
no subject
Date: 2010-04-22 10:45 pm (UTC)ok I'm having a spot of fun with mythologies - but I'm not terribly fond of the "conservative" type parties.
The article you posted about really is quite interesting and - while I've nothing else to add at this time - it's making me think RE: how nations are running budgets.