UK Business Secretary: Republicans are "right-wing nutters" threatening the world financial system - Polidicks

[media]http://www.youtube.com/watch?v=D7O_mcIEnts[/media] [url]http://www.guardian.co.uk/politics/2011/jul/24/vince-cable-us-debt-rightwing-nutters[/url] [quote=The Guardian]Vince Cable has launched an extraordinary attack on "rightwing nutters" in America who are trying to block the raising of the US government's debt ceiling and who are, he said, a bigger threat to the world economy than problems in the eurozone. Speaking on the BBC1's Andrew Marr show, the business secretary also suggested the Bank of England may have to engage in more quantitative easing – effectively printing money – as growth stalls. Cable said the deal struck in Europe last week to bail out countries such as Greece and Ireland had been a "significant step forward", but failed to the fundamental issues. [b]He said: "The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few rightwing nutters in the American Congress rather than the eurozone."[/b] Negotiations on raising the US government's debt limit above its current level of $14.3tn (£8.7tn) collapsed in acrimony late on Friday over details of a package of spending cuts and tax rises that would help to pay for such a move. A visibly angry Barack Obama attacked the Republican speaker of the house, John Boehner, for refusing to return his phone calls and said he had been "left at the altar" in trying to reach an agreement. Most experts agree that if the US were to default on its debt payments, stock and bond markets worldwide would plunge, threatening a new great recession. The deadline for agreement is just over a week away, on 2 August. On the crisis in the eurozone, Cable said the coalition government wanted to see the euro succeed, even though Britain was not a part of it. With GDP figures this week expected to suggest that growth has stalled, the senior Liberal Democrat conceded that the state of the economy was "not great". "It is not surprising that it isn't great because of the problems we inherited," he said, while dismissing the idea of easing the coalition's austerity measures. The UK was in a "German rather than Greek" position because there was confidence in the country's finances, he said. There was also evidence of "rebalancing" in the economy, and the "beginning of the rebirth of manufacturing and exports". "There is a genuine problem with demand, consumer demand. Again, it is not surprising there have been big shocks, world commodity prices going up has had a big effect on confidence here," he said, adding that quantitative easing (QE) would be the right approach if demand remained suppressed. "The Bank of England is an independent body, we need to stress that, they need to make their own judgments ... but if there is a sustained period of weakness of demand, the right approach to that is not for the government to relax its fiscal discipline. We have to keep that going. "But it is about the Bank of England pursuing policies of low interest rates that also helps keep our exchange rate down and helps exports. "But also using the expansion of QE perhaps in more imaginative ways, not just acquiring government securities ... If we have a continuing problem of weak demand that is the way to deal with it."[/quote]

The whole world knows this already, yet these nutters will stay in power because American politics are corrupt to the core. [editline].[/editline] Lol Boba_Fett the republican apologist jumping in to rate people dumb again, what a surprise.

Vince Cable is awesome, he has a habit of saying what everyone is thinking.

Hey Boba fett. How about you give us reasons how the republicans aren't threatening the economy instead of rating dumb?

Meanwhile, the other side of the argument is never posted here.

[QUOTE=Jsm;31306653]Vince Cable is awesome, he has a habit of saying what everyone is thinking.[/QUOTE] Vince Cable is not awesome, but compared to the republicans he is

[QUOTE=Nikota;31306878]Hey Boba fett. How about you give us reasons how the republicans aren't threatening the economy instead of rating dumb?[/QUOTE] 'cuz uhbahmuh's an evil librul commie terrorrerrist thats how

[QUOTE=NotoriousSpy;31306914]Meanwhile, the other side of the argument is never posted here.[/QUOTE] And that argument being?

[QUOTE=NotoriousSpy;31306914]Meanwhile, the other side of the argument is never posted here.[/QUOTE] You mean that incoherent rambling that republicans call speech? Yeah, there's a reason that's never posted.

[QUOTE=Miskav;31307105]You mean that incoherent rambling that republicans call speech? Yeah, there's a reason that's never posted.[/QUOTE] [img]http://gyazo.com/21c0dcbfb8a91caf3d1644660df6a15c.png[/img]

Fett's gonna cry. [editline]24th July 2011[/editline] Boba_Fett - Man without reason.

[QUOTE=Turnips5;31306926]Vince Cable is not awesome, but compared to the republicans he is[/QUOTE] Awesome as a person only, I should have clarified.

[QUOTE=Itsjustguy;31307151]Fett's gonna cry. [editline]24th July 2011[/editline] Boba_Fett - Man without reason.[/QUOTE]I know you all disagree with him but you're acting like asshats taunting him like that.

[QUOTE=Nerts;31307205]I know you all disagree with him but you're acting like asshats taunting him like that.[/QUOTE] If you're going to toss a piece of shit at a man speaking facts, you should be able to back yourself up.

[QUOTE=Jsm;31306653]Vince Cable is awesome, he has a habit of saying what everyone is thinking.[/QUOTE] Tell that the the unions.

[QUOTE=Nikota;31307253]If you're going to toss a piece of shit at a man speaking facts, you should be able to back yourself up.[/QUOTE]If you're going to toss shit at someone because they don't agree with you you should shut up, no matter what you're saying.

[QUOTE=Nerts;31307397]If you're going to toss shit at someone because they don't agree with you you should shut up, no matter what you're saying.[/QUOTE] Funny, because that'd apply to boba_fett as well, thus nullifying your earlier point.

[QUOTE=Nerts;31307397]If you're going to toss shit at someone because they don't agree with you you should shut up, no matter what you're saying.[/QUOTE] I can toss shit at whoever I want. People should never rate boxes and leave.

Haha, nice one Mr Cable, America really needs to be kicked back down so it stops fucking prancing around like it doesn't owe anyone anything. Their debt is only the way it is because they cannot manage it properly and figure that since they are American and "protecting the world" everyone will just let them off. Herp a derp.

[QUOTE=Nerts;31307397]If you're going to toss shit at someone because they don't agree with you you should shut up, no matter what you're saying.[/QUOTE] [QUOTE=Nerts;30813741] [url]http://dl.dropbox.com/u/5636656/marker.png[/url][/QUOTE] Stop making an ass out of yourself. Nice. Changed the pic.

[QUOTE=Nikota;31307611]Stop making an ass out of yourself.[/QUOTE]Nice try, but sorry. I was just saying to be a bit more civil about it, because no one is going to listen to what you're saying if you're being an asshole.

[QUOTE=Miskav;31306597]The whole world knows this already, yet these nutters will stay in power because American politics are corrupt to the core.[/QUOTE] I'm not a fan of John Boehner, but people you don't agree with getting elected isn't corruption.

[QUOTE=TH89;31312634]I'm not a fan of John Boehner, but people you don't agree with getting elected isn't corruption.[/QUOTE] Voting being irrelevant to your electoral process is corruption. Who becomes president and what will happen in the next 4 years is entirely up to corporations in your country.

"Republicans fucking my shit up" - thisispain, july 2011

[QUOTE=Miskav;31313382]Voting being irrelevant to your electoral process is corruption. Who becomes president and what will happen in the next 4 years is entirely up to corporations in your country.[/QUOTE] You do realize that even in a First Past the Post system, voting still determines who wins, right? Or are you of the mindset that every major election is rigged?

[QUOTE=Megafanx13;31313981]You do realize that even in a First Past the Post system, voting still determines who wins, right? Or are you of the mindset that every major election is rigged?[/QUOTE] It might not be rigged to the point where it outright determines the winner, but it's safe to say that it's of such a huge influence that it might as well be, corporate interests run your country, are you denying that?

[QUOTE=Miskav;31314140]It might not be rigged to the point where it outright determines the winner, but it's safe to say that it's of such a huge influence that it might as well be, corporate interests run your country, are you denying that?[/QUOTE] Corporate interests sway a lot of things in government, that's for sure. However, it does not go to the extent you're suggesting it does.

[QUOTE=TH89;31312634]I'm not a fan of John Boehner, but people you don't agree with getting elected isn't corruption.[/QUOTE] Because corporations controlling elections isn't corrupt.

To be fair, America is relatively clean from corruption, according to Transparency International's corruption index from 2010: [url]http://www.transparency.org/policy_research/surveys_indices/cpi/2010/results[/url]

[QUOTE=kaine123;31314279]Because corporations controlling elections isn't corrupt.[/QUOTE] Are you not reading what I'm saying? Corporations don't control elections as far as I know, and it's nigh impossible to "prove" a lack of corruption. Unless you have a source that suggests otherwise, you're wrong.