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(BBC)   Britain decides one recession wasn't enough, goes back for the double-dip   (bbc.co.uk) divider line 123
    More: Sad, UK economy, Ed Miliband, Office for National Statistics, public spending, Britain, private data  
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1487 clicks; posted to Politics » on 25 Apr 2012 at 6:34 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-25 11:48:44 AM  
austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.
 
2012-04-25 11:53:57 AM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


Nu uh! No it hasn't, just because I say so.

What we need is more austerity, because of gut feeling and suffering is good for poor people. Also, Communism.
 
2012-04-25 11:55:55 AM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


And Britain has been arguing for austerity as the cure harder than anyone else. If this doesn't disprove that austerity is the solution, nothing will.
 
2012-04-25 12:02:18 PM  
It's like you're putting your whole Monmouth in the dip.
 
2012-04-25 12:06:23 PM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


You beat me to it.
 
2012-04-25 12:09:23 PM  
Oh man, this is good. Can't wait to hear what Krugman has to say about this.

/All he needs to say is "told you so"
 
2012-04-25 12:14:57 PM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


The problem is the paying it back in good times. We Americans don't like being told we have to sacrifice even an infinitesimal amount. Remember Malaise?
 
2012-04-25 12:15:54 PM  

Serious Black: The problem is the paying it back in good times. We Americans don't like being told we have to sacrifice even an infinitesimal amount. Remember Malaise?


see: bush tax cuts.
 
2012-04-25 12:32:04 PM  

GAT_00: FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.

And Britain has been arguing for austerity as the cure harder than anyone else. If this doesn't disprove that austerity is the solution, nothing will.


Yep, we pushed austerity pretty hard. I'll admit that being just a common man the rationale sounded sensible enough to me at first, 'we spend too much, we're in debt, so stop spending', but seeing the effect it has had should be enough to open anyones eyes. Which makes me wonder what the real reason for austerity across Europe is. It clearly hasn't worked anywhere, it's made problems worse but governments keep trying it? Why? They can't all be completely blind to the facts. Therefore I say they're doing it deliberately to destroy the populace then the lizard people who run illuminati can take over and create a North Korea of Europe.

Oops, I forgot to end my posts a sentence early.
 
2012-04-25 12:35:03 PM  

Slaxl: t clearly hasn't worked anywhere, it's made problems worse but governments keep trying it? Why? They can't all be completely blind to the facts


Conservative ideologies are 100% blind to facts. That's why.
 
2012-04-25 01:32:09 PM  
And when the economy goes up again they'll just say that the austerity worked. Even if the current government changed hands and the new government stopped the austerity.
 
2012-04-25 02:05:42 PM  

Dinki: Oh man, this is good. Can't wait to hear what Krugman has to say about this.

/All he needs to say is "told you so"


From his blog today:

It's important to understand that what we're seeing isn't a failure of orthodox economics. Standard economics in this case - that is, economics based on what the profession has learned these past three generations, and for that matter on most textbooks - was the Keynesian position. The austerity thing was just invented out of thin air and a few dubious historical examples to serve the prejudices of the elite.

And now the results are in: Keynesians have been completely right, Austerians utterly wrong - at vast human cost.

I wish I could believe that this would really be enough for us to move on and consider what can be done, now that we know that the ideas behind recent policy were all wrong. But that's wishful thinking, I suppose. Nobody ever admits that they were wrong, and Austerian ideas clearly have an emotional and political appeal that is resilient to any and all evidence.
 
2012-04-25 02:08:29 PM  
Here, we call it "shared sacrifice." There, they call it austerity. It all amounts to the same thing: a prescription for average citizens to accept a lower standard of living and a less secure life in order that the "producers" continue to reap huge profits. Link
 
2012-04-25 02:40:39 PM  
Thanks a lot, Obama.
 
2012-04-25 02:43:04 PM  
i90.photobucket.com

Does not approve.

/how's that austerity thing working out?
//thus endeth the lesson, conservative farkwads
 
2012-04-25 02:48:10 PM  
yet we know that keynesian stimulus works (provided, as mentioned earlier, you actually pay it back).
 
2012-04-25 03:04:17 PM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


Well, Greece is saving money from those gray-hairs who killed themselves because their pensions were cut.

/window seat, please
 
2012-04-25 03:13:21 PM  

Dinki: Oh man, this is good. Can't wait to hear what Krugman has to say about this.


i.imgur.com

Probably something like : "Tell that to those seven dead economies."
 
2012-04-25 03:15:16 PM  

Slaxl: Therefore I say they're doing it deliberately to destroy the populace then the lizard people who run illuminati can take over and create a North Korea of Europe. Saul Alinsky


sorry. pet peave
 
2012-04-25 03:36:40 PM  
When I dip you dip we dip
 
2012-04-25 04:09:44 PM  

FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.


Bingo. I remember how pissed I was back when we had surpluses and Democrats wanted to spend it and Republicans wanted to "refund" it with tax cuts and I was screaming "how about paying off some of our debt?" Of course, Bush won that argument and we see how that turned out.

GAT_00: And Britain has been arguing for austerity as the cure harder than anyone else. If this doesn't disprove that austerity is the solution, nothing will.


Yup. Britain has had some massive public spending cuts. But I still expect the derp to claim this is all Obama's fault somehow.
 
2012-04-25 04:17:50 PM  

weave: But I still expect the derp to claim this is all Obama's fault somehow.


At the very least, it's the fault of soshulmuslism
 
2012-04-25 04:25:31 PM  
I'm shocked, shocked!
 
2012-04-25 04:40:12 PM  

Serious Black: FlashHarry: austerity is the opposite of what you should do during an economic downturn. you spend in bad times and pay it back in good. this has been proven to work.

The problem is the paying it back in good times. We Americans don't like being told we have to sacrifice even an infinitesimal amount. Remember Malaise?


Bingo.
 
2012-04-25 05:18:28 PM  
upload.wikimedia.org

Move over Dave 'cause it's a double-dippah!

/he gives me that funny feeling in my tummy
 
2012-04-25 06:11:37 PM  
The UK just needs to export more finished wool products to the Baltic countries. It gets cold up there! If they can slip though the Swedish noose at the Gulf of Finland they can sail all they way to Lake Ladoga and offload their woolen pants to desperate Russian merchants! Cha-ching! Say bye-bye to the UK recession!

/the 16th century was way better.
 
2012-04-25 06:46:18 PM  
So, lets look at this.

UK: Conservatives in charge enact sweeping austerity measures, double dip ensues.

US: Center RIght Conservatives (Democrats) do not enact sweeping austerity measures, and economy rebounds, albeit slowly.

Basically takes the air out of the tires of Mitt's only pitch of "Obama slowed down the recovery." Seems like cutting spending levels as deep as the Republicans would have crashed us onto the rocks.

Of course, don't expect Mittens or Fox to admit that.
 
2012-04-25 06:49:38 PM  

cameroncrazy1984: Slaxl: t clearly hasn't worked anywhere, it's made problems worse but governments keep trying it? Why? They can't all be completely blind to the facts

Conservative ideologies are 100% blind to facts. That's why.


They'll just claim that they weren't austeering HARD ENOUGH.
 
2012-04-25 06:50:03 PM  

Sybarite: When I dip you dip we dip


we all dip for icedip.

/wait, what?
 
2012-04-25 06:51:04 PM  

CaptainCliche: So, lets look at this.

UK: Conservatives in charge enact sweeping austerity measures, double dip ensues.

US: Center RIght Conservatives (Democrats) do not enact sweeping austerity measures, and economy rebounds, albeit slowly.

Basically takes the air out of the tires of Mitt's only pitch of "Obama slowed down the recovery." Seems like cutting spending levels as deep as the Republicans would have crashed us onto the rocks.

Of course, don't expect Mittens or Fox to admit that.


yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole
 
2012-04-25 06:54:58 PM  

fusillade762: cameroncrazy1984: Slaxl: t clearly hasn't worked anywhere, it's made problems worse but governments keep trying it? Why? They can't all be completely blind to the facts

Conservative ideologies are 100% blind to facts. That's why.

They'll just claim that they weren't austeering HARD ENOUGH.


I can easily see that. I can also easily imagine that people will think it will work here, because dammit, we're America! Them Yoo-roh-peeins don't know how to do it RIGHT!
 
2012-04-25 06:59:15 PM  
How is that Austerity plan working out for you UK?

Next up less tax revenues and having even less money.
 
2012-04-25 06:59:52 PM  

winterwhile: CaptainCliche: So, lets look at this.

UK: Conservatives in charge enact sweeping austerity measures, double dip ensues.

US: Center RIght Conservatives (Democrats) do not enact sweeping austerity measures, and economy rebounds, albeit slowly.

Basically takes the air out of the tires of Mitt's only pitch of "Obama slowed down the recovery." Seems like cutting spending levels as deep as the Republicans would have crashed us onto the rocks.

Of course, don't expect Mittens or Fox to admit that.

yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole


YAY! My first troll by one of the big boys!

Ok, so here's the thing, winty ol boy: I didn't say spending was getting us out of the recession. It probably helped, if you ask me, but my initial point wasn't about spending. The point I was making is that the modern conservative solution of "SHUT. DOWN. EVERYTHING." doesn't work. Moderate spending cuts of the most wasteful programs, and moderate revenue increases are the sure path to financial recovery.

It ain't glamourous, but it works.
 
2012-04-25 07:00:30 PM  

winterwhile: yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole


You need some new lines. These are tired and stale.
 
2012-04-25 07:01:59 PM  
well i feel sorry for the under, working & middle class.

The upper will be all silver & Sussex pond pudding im sure, maybe a little perturbed at he inconvenience of having to look at all the poor.
 
2012-04-25 07:03:14 PM  

CaptainCliche: winterwhile: CaptainCliche: So, lets look at this.

UK: Conservatives in charge enact sweeping austerity measures, double dip ensues.

US: Center RIght Conservatives (Democrats) do not enact sweeping austerity measures, and economy rebounds, albeit slowly.

Basically takes the air out of the tires of Mitt's only pitch of "Obama slowed down the recovery." Seems like cutting spending levels as deep as the Republicans would have crashed us onto the rocks.

Of course, don't expect Mittens or Fox to admit that.

yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole

YAY! My first troll by one of the big boys!

Ok, so here's the thing, winty ol boy: I didn't say spending was getting us out of the recession. It probably helped, if you ask me, but my initial point wasn't about spending. The point I was making is that the modern conservative solution of "SHUT. DOWN. EVERYTHING." doesn't work. Moderate spending cuts of the most wasteful programs, and moderate revenue increases are the sure path to financial recovery.

It ain't glamourous, but it works.


It's a shame you're wasting your first troll on him. You should've saved it for someone special in your life instead of the slut of the party.
 
2012-04-25 07:03:25 PM  

winterwhile:

Of course, don't expect Mittens or Fox to admit that.

yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole



Hey, could you point out for me where on this here plot of GDP over time all that "big spending" went into place, and where we may have cut taxes?

Thanks!

upload.wikimedia.org
 
2012-04-25 07:03:38 PM  

winterwhile: yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole



worst part, today :(
 
2012-04-25 07:04:11 PM  
I can't believe people are actually engaging with winterwhile.
 
2012-04-25 07:05:59 PM  

Mrtraveler01: CaptainCliche: winterwhile: CaptainCliche: So, lets look at this.

UK: Conservatives in charge enact sweeping austerity measures, double dip ensues.

US: Center RIght Conservatives (Democrats) do not enact sweeping austerity measures, and economy rebounds, albeit slowly.

Basically takes the air out of the tires of Mitt's only pitch of "Obama slowed down the recovery." Seems like cutting spending levels as deep as the Republicans would have crashed us onto the rocks.

Of course, don't expect Mittens or Fox to admit that.

yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole

YAY! My first troll by one of the big boys!

Ok, so here's the thing, winty ol boy: I didn't say spending was getting us out of the recession. It probably helped, if you ask me, but my initial point wasn't about spending. The point I was making is that the modern conservative solution of "SHUT. DOWN. EVERYTHING." doesn't work. Moderate spending cuts of the most wasteful programs, and moderate revenue increases are the sure path to financial recovery.

It ain't glamourous, but it works.

It's a shame you're wasting your first troll on him. You should've saved it for someone special in your life instead of the slut of the party.


As long as his keyboard doesn't turn black and fall off, he'll be ready to give the next troll a REALLY good time.
 
2012-04-25 07:06:21 PM  

winterwhile: yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole


Seems someone doesn't know history. Shocking.
 
2012-04-25 07:07:20 PM  
We'll be right behind them, if we don't get the socialist out of the White House.
 
2012-04-25 07:08:54 PM  

Porsche914: We'll be right behind them, if we don't get the socialist out of the White House.


You are aware that Britain did drastic cuts in spending and this happened?
 
2012-04-25 07:09:18 PM  
It's ok, we're all in this together. Right, Dave?
 
2012-04-25 07:09:22 PM  

theknuckler_33: winterwhile: yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole

Seems someone doesn't know history. Shocking.


someone doesn't own the official Texas Edition of Fox News presents the History of the World as written by Sarah Palin, a true American hero (banned in 250 countries!)
 
2012-04-25 07:10:59 PM  

Porsche914: We'll be right behind them, if we don't get the socialist out of the White House.


Swing and a miss!
 
2012-04-25 07:13:54 PM  

falcon176: theknuckler_33: winterwhile: yea, funny, the great depression had big spending

it did nothing, except make the depression last longer

then again Obama wants that to happen, everone to be on the gov dole

Seems someone doesn't know history. Shocking.

someone doesn't own the official Texas Edition of Fox News presents the History of the World as written by Sarah Palin, a true American hero (banned in 250 countries!)


I'm sure winterwhile doesn't have it either. I highly doubt he reads at all. Rush Limbaugh [Choirs of Angels singing] and Sean Hannity [Cherubs trumpets blasting] are all he needs and that's the way God intended.
 
2012-04-25 07:15:17 PM  
Yet the average Briton is far better off than the average American.

Especially if they should need medical care.
 
2012-04-25 07:15:58 PM  
i.cdn.turner.com
"Let me understand this right, all I have do, President Obama, is blame Bush for my inability to stimulate the economy?"
 
2012-04-25 07:17:58 PM  

soy_bomb: [i.cdn.turner.com image 300x169]
"Let me understand this right, all I have do, President Obama, is blame Bush for my inability to stimulate the economy?"


Yawn...

/Rings the gong
 
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