What's going on in London?

[Philippus Flavius Homovallumus]

“Fiscal responsibility is becoming the new orthodoxy,”
Is it? When the revenue from Speculation and Finances are less taxed than the ones from Production? When taxes on individual workers increase but the ones on Banks decrease?
I see here a clear ideological plan from the conserva-thieves.
They want the good old time without Unions and Daily Workers (re-labelled Self-Employed) was the rules.
It is not about deficit or budget balance.
It is about putting back the crowd at it place, right down in the gutters. And if they are nice, polite, eyes down and hat in hand when spoken to and good crowd then the Big Society and some Charities will give them some rewards but only to the deserving ones…
Naughty poor have to remember whose in charge.

...because Conservatives are evil and Liberals are good, yes?

Damn Conserv-thieves!

Replace with "foriegn-thieves" and not the intellectual bankruptcy.

Conservatives are not evil, Brenus, they are ordinary people, not a mixture of Darth Vader and Sauron.

[Sarmatian]

Bah, this is all boring. When's the intervention starting? Rioting people, regime used the police and cracked down on its own people. So sad...

[InsaneApache]

Every time Labour get into power they up the economy. Then the other lot come along and have to clean up the mess. I got this very early on. As a working class guy I realised that the main victims of the Labour party are the poor and disadvantaged. I think they do it on purpose.

The Labour party are like a drunken uncle who love to throw money about, because they can.

The Torys are like a strict step-parent who come along after the partys over and make you clean up the mess you made.

Labour, the enemy of the poor and vulnerable. Still I 'spose each generation is bound to find out how evil and nasty the Labour party is. Anyone who votes for them needs their bumps feeling.

*and breathe*

[Furunculus]

"Every time Labour get into power they up the economy."

It's their professional occupation, and they are skilled practitioners of the trade!

[al Roumi]

Yeah cos like labour engineered the global financial crisis innit blood.

[rory_20_uk]

As has frequently been said here and elsewhere, the crash merely stressed the system. Previously it was subsisting on cheap borrowing with no plans to pay the money back, but during a bubble no one thinks that it will ever end. Then the crash happened and countries with massive spending with no revenue have imploded or been bailed out, others are on their way.

Labour did not cause the crisis, but they managed to split oversight from the bank of England which certainly helped.

[Furunculus]

Yeah cos like labour engineered the global financial crisis innit blood.

as rory has already said; bad things happen, and Labour's epic hubris was to believe they had ended the cycle of boom-n-bust, therefore they could keep interests rates artificially low in perpetuity and engage in endless deficit spending.

so no, they didn't cause the crisis, but they were responsible for failing to be able to cope with the economic crisis, events that will ALWAYS happen.

[al Roumi]

There was me thinking they were all for spending their way out of the crash, although you could of course argue that such an approach, followed by notably second rate economies like the US, is deeply wrong.

Don't get me started on Brown or the boom/bust hubris, but then neither have the Tories (Norman Lamont?) been exempt from such catastrophes...

Stop peddling the cluedo-like nonsense that it was labour "wot done it" in the library with a (public spending) hammer.

[InsaneApache]

Yeah cos like labour engineered the global financial crisis innit blood.

oh dear, where to start?

[al Roumi]

oh dear, where to start?

Pitchforks.