Quote:
Originally Posted by Livia
To be fair joey, Labour left the finances is a massive state, spending money they didn't have, borrowing more, and now they're demanding the Tories not only clear up their mess but they've put a time limit on it! Ridiculous really.
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To be fair,no matter what govt; had been in when the banking and financial crisis hit, not just the UK but most of the global financial world too,would have left some big problem to deal with after it.
I believe the Conservative party if in govt; in 2008,would have too bailed out the banks, the pressure from people with bank accounts would have been too great not to.
In fact, that crisis could have been worse that hit the UK, as the then Conservative opposition led by David Cameron wanted 'less' regulation of the banks,not 'more'.
Labour should have built up good reserve to fall back on I agree,however they presided over 11 years of unprecedented growth in the UK,between 1997 and 2007,with no hint of recession until this worldwide crisis hit.
No one foresaw it coming really either and certainly not on the scale it did.
The Conservative way to deal with recession is usually to allow unemployment to soar,(unemployment a price worth paying), that is likely the route they would have taken had they been in govt; in 2008 but I say again, I still think for sure they too would have had to invest in and bail,out the banks.
So Labour left a big financial mess to sort out,no argument at all there, the Conservatives however would have,I believe, left the UK with a massive human cost as to jobs lost and livelihoods shattered via unemployment to sort out, with then likely millions of people left on the unemployment scrapheap for 5 to 10 years or even more.
It was also the Conservative party in 2010,no one else, that said it would sort things out in 5 years and have the deficit cleared by 2015.
Labour planned to only halve the deficit over 4 years, making no major cuts in the first year after 2010 and making at least 20% less cuts.
They did have the UK out of recession and have growth in place of around 1% by the end of 2009 and early 2010.
It is only this govt; that set the target of having things cleared up by its savage and extreme austerity programme over the 5 years from 2010 to 2015.
Even the Lib Dems in 2010 were saying the deficit didn't need to be cleared in 5 years it could be done much more slowly over time.
It is David Cameron and George Osborne who set the time frame for success in sorting things out, no one else, and they have failed as they are only halfway there at best.
Now they are asking for the same time again, to do the same things, to achieve that same first target they set in 2010.
A Uni lecturer once said to us, there are no prizes for failure.
Well for me this govt; has failed and to say it intends to inflict even more cuts and austerity measures for at least another 4 years,with only at best half off the deficit, on an altered measuring of how the deficit is now calculated from how it was measured in 2010.
That amounts to me, not just failure but failure on a grand scale.
Having failed to realise their unfairly planned austerity measures have probably in part stifled success rather than really been instrumental in helping success.
The worst part was them not planning for the austerity measures failing by having a back up plan to counteract unnecessary and heartless effects on those most vulnerable.
That is something that to me is unforgivable,especialy when they are being told by endless support gorups and charities and organisations.
All govts; get things wrong, all the time, no matter their makeup.
However,punishing,trampling and scapegoating the weakest in any society is however the lowest of the low as to things to carry out.
For me it is anyway.