[QUOTE=Bobie;40187005]the conservatives weren't voted in though
thats the worst part[/QUOTE]
Popular vote/Percentage:
[B]Con[/B] - 10,703,654 - 36.1%
[B]Lab[/B] - 8,606,517 - 29.0%
[B]Lib[/B] - 6,836,248 - 23.0%
Labour got a lower percentage of the vote than the Conservatives have done for the past 50+ years. (Conservatives have never gone below 30%)
Conservatives also got 47% of the seats, with Labour on 39% and Lib Dems on 8% - a Lib-Lab coalition would have been stupid.
Our election system is pretty messed up anyway - in 1997 John Major got 9.5 million votes and received 25% of the seats, in 2010 Gordon Brown got 8.5 million votes and received 39% of the seats.
[QUOTE=Aman VII;40186522]semi-crazy guy crying cause he is poor.[/QUOTE]
Were you born a douchebag, or did life make you that way?
If Cameron wants to stand a chance in the next election, he needs to sack Osbourne.
[QUOTE=FlashMarsh;40209183]If Cameron wants to stand a chance in the next election, he needs to sack Osbourne.[/QUOTE]
And do what exactly?
Well, change his general economic policy. I don't know what to however, since they are obsessed with Austerity, and they need the economy to improve. Hint: Austerity doesn't work, the IMF were wrong, and we're all losing out for nothing.
[QUOTE=FlashMarsh;40212135]Well, change his general economic policy. I don't know what to however, since they are obsessed with Austerity, and they need the economy to improve. Hint: Austerity doesn't work, the IMF were wrong, and we're all losing out for nothing.[/QUOTE]
Your basis for saying the Austerity doesn't work is based on 2 years of evidence. Actually although the economy is still pretty fucked you can see the private sector pick up the strain. It is getting better, just much slower than many hoped.
Consider that the recession was a good 5+ years in the making, I'm not sure why everyone is expecting us to drag ourselves out of it so fast.
[QUOTE=FlashMarsh;40212135]Well, change his general economic policy. I don't know what to however, since they are obsessed with Austerity, and they need the economy to improve. Hint: Austerity doesn't work, the IMF were wrong, and we're all losing out for nothing.[/QUOTE]
The Coalition's economic policy seems to revolve around the following three things:
1. 'Austerity' - the reduction in government spending throughout all departments
2. Quantative Easing - the influx of money for devaluation and inflation, i.e to reduce the debt and deficit in monetary value
3. Interest rates - the rate is set at a historic low of 0.5%, the government can borrow money at a very low rate - it can therefore borrow cheap money to buy back higher interest bonds.
The above mainly helps the government's own budget and not the general economy of the country.
One of the central causes for lack of economic growth is that banks are being overly cautious since the crisis and, despite low BoE interest rates, are not lending to start up businesses. Generally speaking, consumer spending is down - I would lay the blame on the negativity of words such as 'austerity' and 'recession' in the media.
I personally think that once the Government has reached it's target of austerity measures, and can declare that 'austerity is over', that demand might pick up again
[QUOTE=Matriax;40213014]Your basis for saying the Austerity doesn't work is based on 2 years of evidence. Actually although the economy is still pretty fucked you can see the private sector pick up the strain. It is getting better, just much slower than many hoped.
Consider that the recession was a good 5+ years in the making, I'm not sure why everyone is expecting us to drag ourselves out of it so fast.[/QUOTE]
No it isn't, its based off the fact that a lot of the reasoning behind Austerity was based off of the calculations by the IMF which severely underestimated the amount that Austerity would affect growth. Growth is ultimately the key to getting any country out of a recession, and Austerity will not help because it not only cuts growth, but they aren't slimming budgets nearly enough to reduce the deficit, because that would be even more political suicide than what they are doing right now. And anyway, ultimately countries never actually pay off their debts, they simply gradually inflate them away, as butt2089 has just said (though I didn't actually know what the term for it was).
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