recession

[shaking]

If we are heading for recession, how can the government justify the olympic games. Do you think they should be cancelled?

[firetracie]

We've been heading for a recession for a long time - it's just that today is the first time anyone of any credence has published something with the actual word in it!
The Olympics will happen regardless of that fact. The cost to the nations will be weighed against the potential revenue and the possible income will carry the weight.

Besides - it's already cost a fortune so it would be unthinkable to government to pull out now.

[rojash]

How would canceling the Olympics help to avert a recession?

[shaking]

it won't avert a recession, but why spend money that the country hasn't got, the cost of the games keeps going up and up.

[rojash]

According to Wikipedia, "Strategies for moving an economy out of a recession vary depending on which economic school the policymakers follow. While Keynesian economists may advocate deficit spending by the government to spark economic growth, supply-side economists may suggest tax cuts to promote business capital investment."

In other words, both schools believe that the way out of a recession is to encourage, rather than discourage spending, so your prescription would seem to be a way to increase the depth of the recession.

[cazzz1975]

the problem is rojash is that the money will be going out of the country because britain has almost no industry. what industry should we invest in that is british to help our economy?

[shaking]

thanks for educating me, I can see where you are coming from.

[R1Geezer]

The games are 4 years away you tw&t and they'll make a profit. The last games to lose money where in 1976, ignoring 1980 in Moscow. Stop beleiving all this left wing propaganda. Money spent on the games is a drop in the ocean anyway, ok it's up front but It'll come back in spades. Did you know for example the Atlanta games where in profit before they even started. I dispair at what we have become with penny piching J Arthurs like you around. The governement spends more on kin tredy council non jobs for christ sake.

[shaking]

no need to be rude R1Geezer, with your outlook bet you are up to your neck in debt, just like this country.

[R1Geezer]

I have no debtt, plonker. The country is in debt because we have idiots of all politicakl hue trying to keep everyone happy. The NHS budget is 100% to big we have gawd knows how many public sector wasters doing non jobs. Bet you work in the public sector, am I right?

Just get it into perpective, I bet you are one of those w&nk3rs who moaned coz the dome cost a billion quid. That pays for the NHS wastage for 4 days!

It makes my bl00d boil when prats like you make this kind of statment based on no knowledge or understanding.

[shaking]

I will treat your insults with the contempt they deserve R1Geezer. Some English lessons and a course on tact and diplomacy wouldn't go amiss.

[Lonnie]

Its too late now to cancel them, too much has been spent, but we shouldn't have had them in the first place.

[Twenty20]

The Olympic games should be held in Greece, no where else, with a permanent site built there. That is, after all, where they originate from. All competing countries would only need contribute a very small amount of money to keep the site up to date and not the vast amounts each host country has to spend now.

Just a thought.

[david1702198]

by the way r1 geezer what has the peice of s h i t dome brought to this country?? �1billion quid for a ****** big marquee!!! why didnt this country do what the yanks did for the millenium and put a library in every school in the country?. what do we do?? we built a ******* 1 billion tent that lay derelict for 5 years!!!

[jno]

cazzz, one of the biggest UK industries these days is tourism; the Olympics should (but I can't guarantee it) provide a big boost to tourism - reports from the games will be on TV for a fortnight in every country in the world. Of course if it rains all month or a stand collapses or something the publicity won't be that great.

As to whether they'll make a profit, there are some past figures here:

http://www.guardian.co.uk/business/2004/aug/15 /olympics2012.theobserver

[marki961]

Yes give them to Paris they wanted them.It's crazy to spend �9 billion pounds on the Oympics.
It will mostly beifit London which is by far already the richiest city in the UK. You could regenerate that area of London for a fraction of the cost of the games.

[logic]

shouldn't get in a debate where geezer is involved,
hes just an abusive self opinionated pr@t.

[andy-hughes]

I have always regarded the Games in the same was as The Dome - a governmental ego trip.

In the 13th century, if you wanted to be rememebred, you organised the building of a cathedral, confident that it would live on after you. Now, we have monstrosities like The Dome and The Games - ego-trips for ministers who will simply walk away from the debt and damage, and politicians always do.

President Bush, PM Blair? They're gone mate. The war in Iraq, still goin strong thanks.

Immorality at its height.