Nu Labours Legacy
Posted: Sat Apr 28, 2007 1:51 pm
NuLabour are directly responsible for the housing bubble. The Germans don't have one and they are many times more successful than we are. What did Gordon do or not do that has led us down the path of HPI-MEW and the coming crash?
1. He failed to reign in borrowing with basic rules for prudent lending practices: 3 X salary max for example.
2. He actively encouraged BTL in the face of a growing housing shortage and pricing emergency.
3. He actively encouraged IR cuts and ordered Merv's lads to cut in 2005.
4. He has inflated the economy through increasing money supply.
5. He has systematically destroyed manufacturing and is destroying the service sector by allowing HPI to price the nation out of the global economy.
6. He has destroyed the pension system for a generation or more.
7. He has grown the public sector at the expense of the productive sectors.
8. He has increased taxes accross the board.
9. He has driven out a large segment of the working population to replaced by non-skilled EEs.
10. He has encouraged mass immigration knowing there is a housing crisis in this country.
11. He has led the nation to the worst trade deficits in centuries of trading.
12. He has caused sterling to rise and further undermine manufacturing.
13. He is directly responsible for the negative social consequences of a HPI-MEW economy including rising bankruptcies, repossessions, divorces, crime associated with debt, break-up of families, forced relocation of those who are priced out of their family locations.
14. He has destroyed NuLabour's chances of winning the next GE--but that is the one good thing he has done.
1. He failed to reign in borrowing with basic rules for prudent lending practices: 3 X salary max for example.
2. He actively encouraged BTL in the face of a growing housing shortage and pricing emergency.
3. He actively encouraged IR cuts and ordered Merv's lads to cut in 2005.
4. He has inflated the economy through increasing money supply.
5. He has systematically destroyed manufacturing and is destroying the service sector by allowing HPI to price the nation out of the global economy.
6. He has destroyed the pension system for a generation or more.
7. He has grown the public sector at the expense of the productive sectors.
8. He has increased taxes accross the board.
9. He has driven out a large segment of the working population to replaced by non-skilled EEs.
10. He has encouraged mass immigration knowing there is a housing crisis in this country.
11. He has led the nation to the worst trade deficits in centuries of trading.
12. He has caused sterling to rise and further undermine manufacturing.
13. He is directly responsible for the negative social consequences of a HPI-MEW economy including rising bankruptcies, repossessions, divorces, crime associated with debt, break-up of families, forced relocation of those who are priced out of their family locations.
14. He has destroyed NuLabour's chances of winning the next GE--but that is the one good thing he has done.