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U1777075

Listed below are comments made by U1777075 between Tuesday, 28th October 2008 and Thursday, 30th October 2008.

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The final cost of recession 4:50pm on 30 Oct 2008 #237 Harry

did you try this - Gordo is a moro?
The final cost of recession 4:49pm on 30 Oct 2008 #225 eatonrifle

Its so nice to see that grown up, well reasoned argument is not dead and buried. However, you couldn't possibly tell that by reading your posts.

the fuel equalizer, with which I happen to agree, is current tory policy, not government policy, unless somebody held an elcetion without telling me, or the labour party has ceded responsibility. they've cedd pretty much everything else.

Now, just think about this for one little moment. Oil prices have fallen, and so has the government's tax take. This is EXACERBATING, or making worse, the government's debt situation, causing them to borrow more, which will hurt all of us.

Most of us, much as we moan about it, have got used to paying a more realistic price for a diminishing product, so if it were to be consistently level (this level has yet to be decided), at least the government would have consistent tax revenues.

Personally I'm against tax in principle, but I have to live in the real world.
The final cost of recession 4:10pm on 30 Oct 2008 I bet El Gordo is really regretting that those old statements he made with such bravado didn't get lost by the same people who've been losing data repeatedly over the past few years.

I bet he wishes that agressive reporters like dear old Nick weren't quite so asiduous in their research, and probing in their questions.

I bet he wishes that he didn't have to do this job when the going gets tough.

I bet he wishes he'd treated Prudence a bit more respectfully when he was dragging here out of the cupboard every budget day.

I bet his finger nails are well gnawed down, as he looks desparetly around trying to find his next soundbite, because just like the previous manager of this country, he likes to make a headline, bask in the glory for a while, then scuttle off before somebody realises that its all smoke and mirrors.
The final cost of recession 3:24pm on 30 Oct 2008 Just had time to catch up, been busy for the past few days.

Once again the majority of the posts here are against the government.

Wonder when, if ever, the message is going to filter down to these boys - your days are numbered.
The final cost of recession 3:20pm on 30 Oct 2008 #83 jonathon_cook

You mention that El Gordo is a second or third rate leader at best. I think you'll find he is in fact the second third rate leader on the trot that we have had to suffer.

Cheers.
The final cost of recession 2:57pm on 30 Oct 2008 Herb_igone here, until I can get my proper new ID.

I note that whilst Mr Darling suggest that we should relax the fiscal rules, that suddenly the crossrail project gets resurrected, the project that was deemed too expensive last year, before we went bankrupt.

Now I've said this before, and I'm going to say it again, just where o these boys thing they're gonna borrow the money from?

Apart from taxes there are three ways for governments to raise money, by means of a loan from the world bank/IMF, by tripartite agreements with other governments, or by selling debt to the market.

The last time we went to the IMF for money was 1975, under the last Labour regime. So I think these boys will try to avoid a win double, plus they're lwending all their money to Hungary and Ukraine.

All the other governments are in the same state as us, trying to rescue their financial institutions, so I don't hold out much hope there.

The final resort is the market. The way it works is the BofE summons the primary lenders (UK Banksand large foreign banks operating in London) and stuffs all the debt down their throats. They get fees for this, and normally swallow whole, before selling it on to their clients - insurance companines, fund managers, pension funds, banks abroad, corporates, and you and me.

So thats banks like RBS (how much can rhey take?), Goldman Sachs (ditto?), UBS and any large japanese bank you care to thin of, AIG, Fortis, and so it goes on.

Nobody in that list has the money, so I don't know where they think it's going to come from. And they can't print it, in the form of bank notes; that's how they meet the obligations they've raised.

Needless to say, all these actions are inflationary. I suppose they might be hoping we'll all die of cold and malnutrition, before the winter's out, and before they have to make good. Also, a bit of inflation works wonders for reducing the real value of debt.

So 50 bn of new borrowing, plus inflation up a bit to 10pc, and it becomes manageable in no time.

After you with the suicide pills and razor blade Claud.
Europe - ticking time bomb? 08:21am on 29 Oct 2008 Morning all, Herb_igone here again.

Looks like we can forget about recovery, since the powers that be are trying to stir up the europe mess still.

Nick's obviously got a problem, since his job title involves the word editor, but somebody else is the editor-in-chief, so he gets told what to do and write.

Meanwhile El Gordo, puffed up with a sense of his own importance, is busy pontificating on anything that moves. He's upbraiding Wussy and Wossy about tasteless practical jokes, he's busy telling the energy companies to lower their prices in response to the fall in oil prices, and he's off to tell the owners of the crude how to manage their economies to the benefit of the west. And all this without wearing his underpants outside his trousers.

He goes foe the quick soundbite, then ducks back into his bunker. And then sends out that nice, cuddly Mr Darling to tell us that they will NOT be behaving irresponsibly with regard to borrowing.

I'd really like to listen to their grown up explanation of what irresponsibility is, and why they shouldn't be labelled with it.

I'm still anxious to know exactly who they're going to borrow from. We haven't got any money, the banks haven't got any money, the corporates (apart from Shell and BP) haven't got any money, and the insurance companies haven't got any spare, in fact they're next in line for assistance. I think we should be told where any loans are going to come from. Then we might join the queues outside their doors.
Europe - ticking time bomb? 4:41pm on 28 Oct 2008 #89

One could argue, Mr Hardwedge, that it equally isn't the media's job to keep a bad party in government, eh?
Europe - ticking time bomb? 2:53pm on 28 Oct 2008 Nick,

now that you've eaten the scraps that have been thrown to you by the Downing St spinners, and you've had time lick your chops, and indulge in some post-prandial grooming, is it time to consider the whole position on Europe?

Namely only the LibDems are consistently pro-Europe for the entire country. SNP is, so far as they can see something for Scotland exclusively. Labour is hard to predict. was it onla last December that El Gordo snuck in after hours to sign up to the Lisbon treaty? I know it was in his post-election disgrace, and couldn't be seen anywhere, but still.

UKIP wants out, that's its only raison d'etre, and they can always count on my vote in European elections. The consrevatives can see some benefits IF there are negotiated improvements to the CAP and other cost items. I've already referred to inclement weather in the vicinity of Hell, so don't expect any of these trhings to actually happen.

So, what, dear Nick, is it that the Labour party expects to get from Europe that makes it essential for us to keep paying? And I do mean paying. We're broke now, should I really keep putting money into that particular pot? Do tell.
Europe - ticking time bomb? 2:42pm on 28 Oct 2008 #71 saga

Careful, if I disappoint you by not being offensive enough I risk getting my post rejected.

I suppose, looking at this whole subject from the other side, that we tories ought to be flattered, since the soon to be opposition is totally rattled, and hitting out in a kind of frenzy normally associated with rats deserting a sinking ship.

Now I'm not suggesting you are a rat, in any way, but I do suggest you are in the position the band was in on the Titanic.

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