Common sense 3

[brionon]

Cuts causing Thousands of unemployed and then moan about benefit payments. Tories-Finance Specialists.

[McMouse]

?

[venator]

Incompetent leader running loose, maxing out the nation's credit card, running the country into the ground yet again.

And yet again leaving the mess for a Conservative government to sort out - Socialist Financial Ruin Specialist!

[venator]

I remember Gordon's mantra " Labour investment, Tory cuts" He kept on spending and borrowing, and would still be doing it. He "solved" the global crisis, too, I seem to remember...

[Zeuhl]

We live in a world run by capitalists and this is what capitalism does sometimes - it is run by glorified bookies after all.

Much as i like kicking The Toad Brown (well most politicos really) I think it is naive to blame him and his attempt to bail out the banking system for all of this.
.

[youngmafbog]

Nonsense trigger, wel in part.

Noo labour kept spending happy the Banks were supporting an inflated economy.

Now however the Banks are leading us out of recession. It has to be that way in a Capitalist Society as the Government cant do it.

Back to the post though. Yes, unfortunaltey in the short term some will become unemployed.. Thsi si exaclty what unemployment benefit is there fore and I challenge anyone to dispute this. The so call moaning on benefits comes from those that chose benefits as a lifestyle, and there are loads of them So what is really your problem ?

[brionon]

McMouse Trouble understanding ? Never mind -go and watch Big Brother.

[venator]

Sorry, chaps, I was enjoying a bit of politico kicking, not really to the point.

The welfare state had got out of hand in parts and needed sorting out, but I worry that Cameron is trying to do it too quickly.

[jake-the-peg]

Really venator?

You'd've preferred Gordon Brown not to have rescued the financially wreckless city boys would you?

What do you think happens to mortgage holders when their bank fails?

Do you suppose they say "That's OK stop paying the mortgage - this one's on us" ?

Or do you suppose they foreclose to retrieve what assets the bank has left.

There are an awful lot of people on here that don't realise that they have a roof over their heads still because of Gordon Brown's so called wrecklessness.

And if you think that's just a socialist smokescreen - go find me where Cameron or any Tory says they wouldn't have bailed out the banks

[tamborine]

Any chance of call centres & admin farmed to sub-cont returning to our shores and giving us back our jobs ?

[jake-the-peg]

Quite a lot are now

But frankly unless you're willing to pay more for the same product just because it's made in the UK I don't think you can complain

[jake-the-peg]

Not found any then Venator?

[R1Geezer]

change the record jake, I agree the banks had to be bailed out, no choice but to say the Tories wouldn't have doen the same just because they kept schtumm, really you are brighter than that. Unpopular measure so if you are in opposition you let the government take the rap, QED what happenned.

Pretty well everyone with any idea, with the possible exception of Eric Cantona would agree that a high street bank cannot be allowed to collapse, that's us all back in caves.

[jake-the-peg]

I'll stop when you all stop blaming Gordon Brown for the defecit

[R1Geezer]

I've never blamed Brown or what he did for the banking crisis, in fact I think I've backed you up on more than one occasion on that. I've blamed Noo labour for the 600,000+ non jobs they created for labour voters in the public sector that still hang heavy on our finances.

[Old_Geezer]

Ah, you didn't need to bail them out, after all they were content to let others such as Lehman fall, so there must be alternatives. Why not buy 'em cheap when no one else wants to touch them with a ten foot bargepole, and renegotiate all existing employee contracts, just like the rest of us have to put up with. Just so long as there are banks to keep the economy going.

[sandyRoe]

The servants of Mammon are to blame. They gamble in a casino with strange rules. If they win they get most of the profits. When they lose heavily it's mugs like you and me who pick up the bill.

[jake-the-peg]

Ah that's the thing Old Geezer

In the US the Casino banks were kept apart from the retail ones by law

Over here that is not the case and the Government is refusing to force them to split.

Until they do that - exactly the same thing could happen again and we'd be forced to bail them out again.

They cannot continue to be too big to fail

[R1Geezer]

yes, in this respect jake is correct, the high street banks should be separated from the "casino" mob, then they can go bust and not effect the public, well not directly anyway!

[New Judge]

No, Jake, any failing banks (or more precisely their administrators) would not have foreclosed their mortgagers to realise their assets. After all, what’s the point of having thousands of houses which nobody can buy? Better to retain the mortgages and generate some income. Gordon Brown had nothing to do with “keeping a roof over people’s heads”.

Having said that the rescue of the banks was not done as it should have been. Depositors should have had their funds protected and the institutions themselves allowed to go to the wall. But back to the question:

I don’t think the government is bemoaning the fact that a large number of people are going to have to claim benefits as a result of the spending cuts. Tragic as it is, it is necessary and has been caused principally by the previous administration’s mishandling of the economy. In particular by spending vast sums of cash on they did not have on useless services which benefitted nobody. (We can argue about this until the cows come home, but I think the evidence is overwhelming. The “global financial crisis” was a get-out-of-jail card which turned up just at the right moment to divert attention away from their folly).

As always, whenever this topic is aired, we seem unable to differentiate those in need because of the latest crisis and those who have chosen to live their entire lives on benefits. It is the latter which the government (under the guidance of IDS) is trying to tackle.