[joeysteele]

Originally Posted by DemolitionRed

Sorry but I'm going to quote your post from your last paragraph and then work backwards!!

The reason his monetary policies can't convince the masses is because the masses, generally have little idea about how fiscal borrowing/spending works. Now before a certain person jumps in and accuses me of downgrading a populations intelligence, its nothing to do with intelligence and all to do with an interest in political economics... or not. Even my parents (god love em) who are high flying professionals liken fiscal spending/saving/borrowing to how they run their own household. Most people simply don't care about GDP levels so long as their own standard of living is okay.

We can afford to borrow. We can afford to stop austerity and we can afford to spend. If we want our economy to grow and prosper, we have to do all of those things.

I know the British government are always telling us how well they are doing and how popular media echo those sentiments but at this moment in time we are in financial crisis and that crisis is set to deepen because we are running on empty. The Tories are putting their money under the austerity mattress even though they know its a failed experiment and if something radical doesn't happen soon, we are all going to hit depressing times.

Excellent post DR.
Really well said.