Is Voting Labour Really an Addiction?

[Johnysid]

"It is truly astonishing that with the past sixty five years of political history the voters cannot see that Labour is like an addiction, its policy of overspending on the Public Sector, depleting reserves, increasing debt and suppressing the private sector, actually creates the economic distress that the Labour Party then says it can cure if the voters support it." http://pol-check.blog...an-public-sector.html

[chaptazbru]

Well said OG ....

[Old_Geezer]

BTW you have to spend to stimulate an economy. the alternative is to bury the head in the sand as to the hardship you are allowing to continue until it works itself out. The other side of the coin is that you need to tax more during the good times to fill the coffers and thus have something to spend when you need to, and not have to go looking for loans. But none seem to have the courage to raise tax during the good times to cover for the rainy day, so when that day comes choices are difficult.

[Sylvie]

Why are all the countries in Europe and the Rest of the World all struggling with finance all at the same time? Like some weird coincidence? I think not.

Obviously, it was not the politicians, but the bankers who have dropped us all into this mess.

Inhttp://en.wikipedia.org/wiki/2007–2012_gl
obal_financial_crisis
reality it was the crash of the US property lenders and one major US bank, the effect on the whole of the capitalist world.

Voting for political parties is a complete waste of time.nThey are always useless.
It always ends in tears. In the case of Thatcher - quite literally - as she was driven away from Downing Street on the last day of her Premiership.

It ended in tears for-:

Anthony Eden
Edward Heath
James Callaghan
Margaret Thatcher
John Major
Tony Blair
Gordon Brown, and will certainly end in the same way for David Cameron.

[Johnysid]

"it was the crash of the US property lenders and one major US bank" - few people realise that Greenwich Capital Markets, a key player in the subprime crash, was owned by RBS, a Scottish bank deregulated by Brown (briefly the biggest bank in the world). "RBS Greenwich's CDO volumes jumped 134% in 2006, the Financial Times reported, putting the bank in the top three underwriters of CDOs based on asset-backed securities. " add this to NatWest abd ABN Amro exposure and RBS was the prime subprimer http://money.cnn.com/...win.fortune/index.htm . Add HBOS and Barclays and Brown's deregulated banks were largely responsible for the disaster, even without provoking the Americans to deregulate. As the CNN article referenced in the link says, it is amazing that RBS staff survived the turmoil. It is even more mazing that Brown has any reputation left.

[TWR]

I think it's about time all these bloody idiots started thinking about sorting this so called Great Britain out, they are all thinking about themselves instead on the country with the greed, I'd better stop now otherwise I'll get banned again for saying what I & millions other think.

[xud]

Every time the Labour party get voted out of office the country is in a worse state than when they arrived.
Anyone remember the winter of discontent. All caused by Unions, so you can hardly blame Maggie Thatcher for wanting to kerb their powers.

We used to coal industry and a car industry both killed by unions.

I would not vote Labour in a million years. I really don't agree with their tax n spend mindset. If you dig deep enough you will find socialism in all of them.

Socialism does not and will not ever work. It encourages laziness and stifles growth and entrepreneurism.

Take this analogy: You have a classroom full of children who are about to take their exams. But this year the teacher tells them that because of socialism each pupil will be receiving a grade C regardless of your performance (because we are now all equal)
Now, those pupils that would ordinarily get a grade A will thinks why should I try hard and study hard because all I will get is a C.
The pupils that would ordinarily get a grade E will now get agrade C and will now be thinking, Hey! this great. I now get an extra reward for no effort. I nother words, the worse you are the better they treat you.
Socialism.

[Johnysid]

Old geezer: "The other side of the coin is that you need to tax more during the good times to fill the coffers and thus have something to spend when you need to, and not have to go looking for loans. "

Check out the link http://pol-check.blog...-first-world-war.html about 30% of our current debt was racked up by Labour during the good times, before the crisis. Labour was literally "going for broke" in the boom.