Comments on Tory Bear - right-wing political gossip: The Loony Left is Back

Also, while it's technically true that the tax...

2010-03-13T04:44:30.071Z

Also, while it's technically true that the tax take will increase with increased Gov spending its not quite clear how this will have a net benefit. Unless of course you believe that aggregate demand crap.

An investment in housing.... lets think about that...

2010-03-13T04:42:10.023Z

An investment in housing.... lets think about that. House prices have fallen dramatically and people are mortgaged to the hilt and already in negative equity. Demand is low because people can't afford the downpayment as they're in debt and 100% mortgages no longer exit.

Should we build more houses and depress the market futher hmmmmmm.

Why isn't will straw out running his drug deal...

2010-03-12T18:43:23.273Z

Why isn't will straw out running his drug dealership?

"Ellie Gellard, Unknown Labour blogger" ...

2010-03-11T23:20:00.476Z

"Ellie Gellard, Unknown Labour blogger"

An unfortunate title!

"Longrun 2 complains about "foreign owne...

2010-03-11T21:06:25.971Z

"Longrun 2 complains about "foreign ownership of income-producing UK assets like most of out (sic) utility companies".... remind me who sold these off for a fraction of their true value?

Oh, right. Her again."

a) Ownership is a matter for the markets

b) Feel free to list the major assets that Thatcher sold into foreign ownership. As a matter of fact, it has been Labour that has presided over the takeover of major UK assets by foreign companies.

Their letter states " according to the IMF, B...

2010-03-11T21:00:27.968Z

Their letter states " according to the IMF, Britain is one of only two G20 countries not currently planning any such fiscal stimulus in 2010."

Do we think this might be because - almost uniquely - the British government was dumb enough to over-spend in a boom, creating a structural budget deficit that makes it impossible for further government spending increases to be made without spooking those lending the government the money?

And who is the anonymous troll? I mean if more government spending naturally led to lower government debt, we'd have pretty much cracked this whole economic management thing some decades ago and not have to bother with these nasty recessions things. Moronic.

I think TB has become a parody of himself, if this...

2010-03-11T16:56:09.696Z

I think TB has become a parody of himself, if this clown gets a press pass then things are going down hill!

Although the economic stupidity of the original le...

2010-03-11T16:09:04.708Z

Although the economic stupidity of the original letter is laughable...... one thing keeps jumping out at me....:

"Ellie Gellard"

Are they serious!

The most sycophantic recently-a-teen political groupie anyone could imagine.

That single name on the list just shouts....... what a bunch of c**ks this lot must be.

A terrifying list, if it does happen I question th...

2010-03-11T12:33:15.277Z

A terrifying list, if it does happen I question the ability of our Security Services in preventing communism from infiltrating the Establishment again.

Longrun 2 complains about "foreign ownership ...

2010-03-11T12:07:00.537Z

Longrun 2 complains about "foreign ownership of income-producing UK assets like most of out (sic) utility companies".... remind me who sold these off for a fraction of their true value?

Oh, right. Her again.

Since Gordon's put up taxes 111 times and most...

2010-03-11T11:42:20.066Z

Since Gordon's put up taxes 111 times and most of those have hit those earning under £50,000 a year, what makes anyone think number 112 will only hit the rich?

Gordon Brown has introduced 111 tax rises since 1997. He has taken an additional trillion pounds in revenue – that is to say, a trillion more than would have been raised had taxes stayed at their 1997 levels. And yet, incredibly, he has still contrived to double our national debt, running up a deficit of 12.6 per cent of GDP (Greece’s is 12.7).

And these cretins want to do it all over again?

There are two debts that government profligacy is ...

2010-03-11T11:40:49.451Z

There are two debts that government profligacy is incurring - one is government debt to any savers left in this country and one is the country's debt to foreigners, some of which is hidden as foreign ownership of income-producing UK assets like most of out utility companies. The proposed fiscal stimulus would increase both, even if directed at housing where much of the spending would go to pay British workers.
Only an idiot (or a left-wing economist) would claim that you can reduce debt through government spending - is income tax more than 100%? Much of this spending will leak out of the UK to foreign-owned materials companies and a fair slice of the wages will be spent on imported goods.
Now if they invested in export-promotion or import-substituting industries, then they might stimulate the economy and generate some extra tax revenue to largely (but not totally) offset the spending, but just putting money into the areas that have fallen behind the candyfloss economy in New Labour's thirteen wasted years is not a cure

Talking of being taken seriously, care to elaborat...

2010-03-11T11:28:49.050Z

Talking of being taken seriously, care to elaborate on which of those names listed are 'thugs'?

Thatcher had 350 economists against her, you can d...

2010-03-11T11:19:49.866Z

Thatcher had 350 economists against her, you can do better than that.

and seriously try using a different source than the drivel the new statesman pump out if you want to be taken seriously.

On one side of the argument: Cameron and Osborn...

2010-03-11T11:17:10.146Z

On one side of the argument:

Cameron and Osborne (one proper job between them)

ToryBear and any other Conservatives who blindly repeat whatever the above say

On the other side of the argument:

20+ of the world's leading economists

Sir Alan Budd, the Tories' own economic adviser

... and history itself

https://www.newstatesman.com/blogs/the-staggers/2010/03/spending-cuts-tories-recession

Still, as long as you can keep up the childish ad hominem attacks (pinkos?? ffs) then you're bound to be right in the long run. It's just a shame there won't be a country left to laud you for your prescience, if Osborne gets his way.

Next time stick to gossip, and leave the real world to those who understand it.

"A programme of government investment would n...

2010-03-11T11:09:10.344Z

"A programme of government investment would not only stimulate the wider economy in the short term, but would increase long-term growth, thereby lowering the debt levels through a higher tax take."

A pipe dream.

Because there is no bloody money left. ANY increa...

2010-03-11T11:08:08.326Z

Because there is no bloody money left.

ANY increase in spending, however well spun as a bleeding heart stimulus, is going to increase the deficit, they are the one deceiving people.

Cutting needs to begin now and savagely.

TB, how do you reconcile your claim: "pinkos...

2010-03-11T11:05:23.533Z

TB, how do you reconcile your claim:

"pinkos have called for the deficit to be increased"

With this excerpt from the letter:

"thereby lowering the debt levels through a higher tax take"

Whether you agree with their opinions or not, isn't this just a crass misrepresentation? Surely you can do better than this.

(Pretty sure you won't allow this comment to be published anyway)

classic lefty sense of humour failure. How would ...

2010-03-11T10:55:35.188Z

classic lefty sense of humour failure.

How would another stimulus not be a socialist measure?

Protecting the rich? you swallow the spin book or something?

Ah yes, because thats how to sensibly run an econo...

2010-03-11T10:51:32.599Z

Ah yes, because thats how to sensibly run an economy. Accuse anyone who doesn't agree with you and your policies designed to protect the rich and forget the poor as 'socialist' and threaten to kill them. Good going!