Gideon Osbourne

[number 6]

Claimed we had to cut fast to get the economy on track, He has cut fast and the wheels have come off. We are stuck with this shower for 4 long years god help us.

[spider]

Do you really think we are stuck with them for 4 years?

I'll be interested to see what the LibDems do in a few months time when they lose the voting reform referendum on the 5th May.

I can believe they are going to continue supporting the Tories once there's nothing in it for them.

But then again perhaps they will because there's going to be a lot of LibDem MPs looking for new jobs after the next General Election, whenever that is.

[David Johnson]

"He hasn't cut anything yet, the REAL cuts don't start until April"

So when Osborne said he was introducing ?6billion of cuts in the first year of government about which there was much pre-election debate, he was lying through his teeth was he?

Secondly when he binned the majority of the schools building projects as part of the Emergency budget back in the end of June, that wasn't a real cut then?

"the 0.5 fall in GDP was due to snow, had there been no snow it would have been flat, ie. zero."

Do you think it was the right or the wrong type of snow then? Sounds like the wrong type to me. Lets pray for good weather for the next few years, eh? So even if you accept the above "its down to the snow" it still means after three quarters of growth, we have gone into 0 growth at a time when a huge VAT increase and fuel increases have not kicked in yet. Do you think that those increases together with huge cuts in public services will increase growth?

"This BBC graph shows how it compares to the appalling declines under Labour:"

Can you explain to us which part of the phrase "global recession" you dont understand?

Here's another graph which shows that the public sector deficit under Labour in 2008 as a percentage of GDP is comparable with many previous governments and was the second lowest in the G7. The key is in the word GLOBAL.

http://www.guardian.co.uk/news/datablog ... owing-data

Cheers
D

[David Johnson]

"See, I could hear you coming.........."

Clearly not. You appear to have swallowed John Redwood whole. This is the line that he has been peddling for yonks. I trust your indigestion is manageable.

Perhaps you can have a look at the brainwashed, Marxist blog of Tim Montgomerie for starters. He runs the website ConservativeHome. He is obviously one of these brainwashed lefties.

http://conservativehome.blogs.com/theto ... -hurt.html

If you can't follow the argument above, try reading this, its written by that ferociously brainwashed leftie paper, the Spectator.

http://www.spectator.co.uk/coffeehouse/ ... cuts.thtml

If you cant follow the above arguments then I will explain it simply for you.

There is a thing called inflation. Heard about it? At the moment it is running away. Redwood's figures are not in line with current inflation rates - hence a real cut.

Secondly, there is a thing called capital spending. Heard of that? That is when you budget for projects like school spending and a new government cuts it. If you are a builder you dont give a fuck who is supplying the contract but when you have banked on doing a project and then it disappears, that is usually referred to industry as a cut in capital expenditure.

As the ferociously left wing Spectator points out, Redwood accepts that capital spending is going to be cut. They even have a nice graph showing you? Is that kind or is it kind?

Have you heard of the Office of Budget Responsibility? Its a bunch of fucking brainwashed lefties. But anyway here is their estimate of job losses
"The new OBR report also predicts that 330,000 jobs will be lost in the public sector over the next four years as a result of spending cuts, far fewer than the June estimate of 490,000 job losses."

Its terrible isnt it when you have a government that sets up an independent body and they come back predicting a third of a million job cuts when spending is increasing. They must be full of fucking lefties? And all those councils laying off people must be full of fucking lefties trying to sabotage the unemployment figures!!!!

Back to the drawing board for you. Yawn.....fuck!

Cheers
D

[David Johnson]

You didnt seem to understand it first time round so here you go

"Here's another graph which shows that the public sector deficit under Labour in 2008 as a percentage of GDP is comparable with many previous governments and was the second lowest in the G7. The key is in the word GLOBAL."

CHeers
D

[David Johnson]

"if inflation erodes it's value then that is inflations fault "

I will pass on your kind words to the third of a million public sector workers who the OBJ estimate are going to lose their jobs.

Any complaints you might have get back to those Marxists on ConservativeHome, the Spectator and the OBJ.

Cheers
D