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Topic History of: Why are the Conservatives so incompetent at running the economy?
Max. showing the last 5 posts - (Last post first)
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hedda |
both parties obsessed with market economies...neither will fix the biggest welfare rort of all time...£21 billion a year to prop up private rental sector. 
ITK probably not on drugs but should be.. 
## hailed by World Bank, Forbes & every rating agency as the best managed economy on planet : socialist government of Kevin Rudd using classic Keynesian economics.  |
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Pattaya |
DJones wrote:
"If that question seems odd to you, you are one of the majority in the UK who think the Conservatives are better at managing the economy than Labour. Why do people think this? My guess is that it is very simple. The financial crisis happened while Labour was in power. This led to the largest recession since the Great Depression.
But surely everyone knows that the financial crisis was a global phenomenon that started in the US? Surely everyone knows that if the Conservatives had been in power there would have been just as little financial regulation, so the impact of the crisis on UK banks would have been much the same?
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the point I want to make here is fairly simple. Once we recognise that the financial crisis was a global event, then the three remaining major departures from trend growth happened under Conservative led administrations. In all three cases they can be associated with poor policy decisions taken by those administrations: money supply targets under Thatcher, ERM entry under Major, and austerity under Osborne.
So the idea that the Conservatives are more competent at macroeconomic management is a myth, and if anything the opposite appears to be true."
Details here:
mainly macro
Both parties have been involved in economic fiascos...Black Wednesday when Norman and John proved they had no economic competence whatsoever...and both parties have been involved in international economic disasters eg 1987,2007....just some people like to be 'selective' about their 'amnesia' lol  ...
...I think ITK is on drugs...amnesia about 1993...amnesia about Lawson's boom and bust of the late 80s....the tripling of inflation and unemployment in 1980 etc....  |
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In The Know |
are you on drugs ??? |
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DJones |
"If that question seems odd to you, you are one of the majority in the UK who think the Conservatives are better at managing the economy than Labour. Why do people think this? My guess is that it is very simple. The financial crisis happened while Labour was in power. This led to the largest recession since the Great Depression.
But surely everyone knows that the financial crisis was a global phenomenon that started in the US? Surely everyone knows that if the Conservatives had been in power there would have been just as little financial regulation, so the impact of the crisis on UK banks would have been much the same?
...
the point I want to make here is fairly simple. Once we recognise that the financial crisis was a global event, then the three remaining major departures from trend growth happened under Conservative led administrations. In all three cases they can be associated with poor policy decisions taken by those administrations: money supply targets under Thatcher, ERM entry under Major, and austerity under Osborne.
So the idea that the Conservatives are more competent at macroeconomic management is a myth, and if anything the opposite appears to be true."
Details here:
mainly macro |
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