Archive for March, 2009
Posted by michael on March 31, 2009
I think that I may have spotted a pattern here.
Gordon Brown takes over the ‘golden inheritance’ from the last Conservative government. Everything goes well until he spends all the money but by that time he is PM so it is not really his fault!
Also during that period Brown had no clue at all that many of the financial institutions were busy destroying themselves for the benefit of the directors and that this would cause the UK could go into recession. But when he finds out he rushes around the place thinking of policies that could help and implementing some of them!
Also during that period Brown had no clue at all that many of the MPs were abusing the expenses system. But when he found out he immediately orders an inquiry to find out the best way to pay the MPS for being MPs.
It is beginning to look like Brown is only capable of reacting to situations once they appear in the newspapers!
But I don’t know why he has not reacted to the energy companies not reducing the price of the energy that they supply despite the wholesale costs dropping significantly! Maybe it is because it does not effect him directly!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, UK Economy | Tagged: bank, banker, bankers, banks, borrowing, brown, conservative, credit crunch, debt, economy, government, greedy, recession, repossession, UK Economy | 1 Comment »
Posted by michael on March 25, 2009
Wow!! Things are really getting serious now!
Gordon Brown goes off the the good old USA and talks about a global cash stimulus to get the world out of recession.
At the same time the Bank of England Governor comes out into the public domain and warns Brown that borrowing more money would be a disaster for the UK.
The response of New Labour?? Blame the Conservatives for not having any policies for getting us out of recession!
I can fully understand that the Conservatives need to announce viable policies to save the UK from bankruptcy; not so that they can implement them but so that New Labour will have some idea of what to do next!
So according to the Governor of the Bank of England, Gordon Brown needs some new ideas to save the UK. Unless of course Brown is prepared to saddle the UK with huge debt levels for a generation.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, tax, UK Economy | Tagged: abuse, bank, banker, bankers, borrowing, brown, conservative, credit crunch, debt, economy, government, greedy, labour, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 18, 2009
Sean Hodgson saw his “unsafe” conviction for killing Teresa De Simone, 22, in her car in Southampton 30 years ago quashed by senior judges.
Tests prove DNA from the scene was not his and that he could not have committed the crime.
Police have reopened the case.
There is one aspect of this case that it would seem needs to fully investigated. I heard it being reported on the radio today that Sean Hodgson had made a full confession to committing the crime. This confession included details that were not made public.
If this was the case, then the public need to know how those details were in the confession that he made. It would seem to be simple really, if Hodgson had not committed the crime then he could not have made such a detailed confession!
Posted in Blogroll, Euopean Union | Tagged: crime, guilty, innocent, murder, prison | 1 Comment »
Posted by michael on March 18, 2009
Sean Hodgson saw his “unsafe” conviction for killing Teresa De Simone, 22, in her car in Southampton 30 years ago quashed by senior judges.
Tests prove DNA from the scene was not his and that he could not have committed the crime.
Police have reopened the case.
There is one aspect of this case that it would seem needs to fully investigated. I heard it being reported on the radio today that Sean Hodgson had made a full confession to committing the crime. This confession included details that were not made public.
If this was the case, then the public need to know how those details were in the confession that he made. It would seem to be simple really, if Hodgson had not committed the crime then he could not have made such a detailed confession!
Posted in Blogroll, Euopean Union | Tagged: crime, guilty, innocent, murder, prison | 1 Comment »
Posted by michael on March 8, 2009
The International Monetary Fund (IMF) has predicted that the UK will have the worst fall in economic growth among advanced nations this year.
Yes the Credit Crunch is global, but Gordon Brown has been in power for the last 10 years as chancellor and prime minister.
The government is responsible for regulating the Financial Industry. Brown selected a ‘light touch‘ regulatory policy.
The result was that Brown, as he admits, ‘did not see the recession coming’.
Also our taxation and debt levels are so high (a lot of the debt is hidden from us) that we are not well placed to withstand the financial storm.
Brown is responsible. Brown HAS FAILED to protect the UK economy.
He gets cross and won’t talk about responsibility because he knows that he has failed as chancellor and PM.
How can we trust him to sort out the problems that he is responsible for.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, UK Economy | Tagged: abuse, banker, bankers, borrowing, brown, conservative, credit crunch, debt, economy, government, labour, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 8, 2009
The banks are currently making commercial decisions on who can be loaned money.
It is not the amount of money that the banks have that is currently dictating their lending but the credit worthiness of their customers, both private and commercial. People who are are not seen by the banks as a risk can get money from the banks.
So is Lloyds now expected to lend money to people they consider to be more of a risk?
If so, who pays when and if these people default?
Posted in Blogroll, Conservatives, credit crunch, debt, economy, labour, Lib Dems, recession, UK Economy | Tagged: abuse, bank, banker, bankers, banking, banks, borrowing, brown, conservative, credit crunch, debt, economy, labour, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 5, 2009
The latest attempt to fix the recession, the quantitative easing policy, means that £75 billion of new money has been created and given to the banks.
My first thought is that most people who have created money to ‘help the economy’ have ended up in jail for forgery!
The second thought is why has it been given to the banks? If they won’t lend to anyone who needs to borrow money, then what will change now the banks have more money.
Surely they are not going to lend our money to dodgy risks and use their own money for the secure loans?
Since a significant proportion of the UK population won’t qualify for these loans, I would have thought that a better process was to ignore the banks and use the money to significantly reduce taxes or to increase benefits for those less well off. (the one thing that you can be sure of with money given to the less well off is that it is going to be spent and not saved).
It also seems that introducing ‘quantitative easing’ is an admission that everything else has failed. That would seem to mean that the huge debts that have accrued up to now, and which will need many years of additional taxation to pay off, have all been for nothing!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, labour, Lib Dems, recession, UK Economy | Tagged: abuse, bank, banker, bankers, banking, banks, bills, borrowing, brown, conservative, credit crunch, debt, economy, government, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 5, 2009
How can Gordon Brown be expected to ‘seize the moment’ when he has proved that he was incapable of ’seizing the ten years’ whilst New Labour were running the UK economy into the ground!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, labour, Lib Dems, recession, UK Economy | Tagged: bank, banker, bankers, banking, borrowing, brown, conservative, credit, credit crunch, debt, economy, government, labour, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 4, 2009
Brown is so desperate to not admit that anything he has done as chancellor and then as prime minister could either:-
- have been the cause of the credit crunch
- have been a failure to identify that a problem was developing
- have been a failure of decision making to prevent the financial meltdown from happening
So what do we assume from his desperate attempts to avoid any of the brown stuff sticking to him!
Perhaps he is not willing to discuss this subject because he doesn’t want people to realise his responsibility for the financial mess that the UK is in!
Brown is quick enough to demand that the Bankers lose their pensions because they left their banks in a mess.
Perhaps Brown could show his leadership qualities by forgoing his pension because he has left the UK in a mess!
Posted in UK Economy | Leave a Comment »
