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Wanderers Ways. Neil Thompson 1961-2021

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Posted

Of course those lost construction jobs had nothing to do with banks giving out mortgages and loans to anyone who could scrawl an X in the box did it?

 

 

So let me get this right. You contend that banks giving people pots of money to spend on housing means a shrinking construction industry due to less demand for housing? A bit like dousing a fire with petrol then.

 

I spoke to the trees and they took me away.

Posted

So let me get this right. You contend that banks giving people pots of money to spend on housing means a shrinking construction industry due to less demand for housing? A bit like dousing a fire with petrol then.

 

I spoke to the trees and they took me away.

What on earth do you think caused the recession?
Posted

Of course those lost construction jobs had nothing to do with American banks giving out mortgages and loans to anyone who could scrawl an X in the box  and then UK & European banks buying up that debt did it?

Corrected for you :)

Posted

Of course those lost construction jobs had nothing to do with banks giving out mortgages and loans to anyone who could scrawl an X in the box did it?

You seriously think the construction industry only builds houses?

 

You think it's much easier to get a mortgage now than it was when the recession hit? Have a look at what the tories did to stimulate housebuilding in the pits of the labour financial mess they inherited.

 

Numerous economies over the decades have built their way out of recession. Labour fattened the civil service to make the employment numbers stack up.

 

Mate trust me this is a discussion labour would never win. And don't even get me on the hundreds of billions of debt they saddled us with PFI'S for the next 50 years.

Posted

You seriously think the construction industry only builds houses?

 

You think it's much easier to get a mortgage now than it was when the recession hit? Have a look at what the tories did to stimulate housebuilding in the pits of the labour financial mess they inherited.

 

Numerous economies over the decades have built their way out of recession. Labour fattened the civil service to make the employment numbers stack up.

 

Mate trust me this is a discussion labour would never win. And don't even get me on the hundreds of billions of debt they saddled us with PFI'S for the next 50 years.

 

On PFI's I totally agree with you. Though sadly this government haven't abandoned the policy.

 

What the industry builds isn't that relevant. Jobs were lost because of the financial crisis. Across the world. Construction projects ground to a halt.

 

And the reason for that recession was, as has been pointed, out bad lending decisions by American banks (mainly but not exclusively) during the housing boom from 2000-2006 onwards.....and European banks purchasing those debts.

Posted

 

And the reason for that recession was, as has been pointed, out bad lending decisions by American banks (mainly but not exclusively) during the housing boom from 2000-2006 onwards.....and European banks purchasing those debts.

Sorry but with respect to lending, there was no issue with UK domestic defaulting on mortgages from 2007 -2009 when the banking crisis developed. Interest rates were already at record lows.

 

I say this because today banks are being total cunts lending to UK citizens and small businesses especially young people and for some reason people think this is a good thing when in fact the problem had nothing to do with what went on in our domestic market whatsoever.

Posted

Sorry but with respect to lending, there was no issue with UK domestic defaulting on mortgages from 2007 -2009 when the banking crisis developed. Interest rates were already at record lows.

 

I say this because today banks are being total cunts lending to UK citizens and small businesses especially young people and for some reason people think this is a good thing when in fact the problem had nothing to do with what went on in our domestic market whatsoever.

 

No I agree. Not the case across all European banks but just the main lending issues were American.

Posted

What on earth do you think caused the recession?

 

 

The UK was particularly vulnerable due to the spending of BlairBrown and their poor regulation of the banking system

Posted

The UK was particularly vulnerable due to the spending of BlairBrown and their poor regulation of the banking system

 

Pre recession in 2007 we were hardly in the worst position in terms of spending. Whilst we were worse off than some developed countries we weren't near the 1994 levels. As per graph below.

 

As for banking regulation, that is true, though the Conservatives wanted less stringent regulation still.

figure1_myth_borrowing.PNG

Posted

On PFI's I totally agree with you. Though sadly this government haven't abandoned the policy.

 

What the industry builds isn't that relevant. Jobs were lost because of the financial crisis. Across the world. Construction projects ground to a halt.

 

And the reason for that recession was, as has been pointed, out bad lending decisions by American banks (mainly but not exclusively) during the housing boom from 2000-2006 onwards.....and European banks purchasing those debts.

 

What the industry builds is wholly relevant and shows I don't think you know much about construction, its sectors, and how its funded. I could bore you with Gordon Browns fiscal stimulus packages which created fuck all but paperwork and a disproportionate amount of non-labour (work) related tasks, the farce that was EFG, the probative planning laws his mate John Prescott brought through, billions wasted through PFI...

 

The recession was here (and the parallel financial mess Labour created) when the Tories took over. Lending is tougher than it has ever been. If you listen to the left they will tell us the recovery is horrific...

 

If that's the case, why is there fuckloads of construction work?

 

How have the Tories created hundreds of thousands of jobs in the last 3 years if they are so shit?

 

Why am I currently on a train to London to meet a developer who is spending another £45m on a project which has been sat in his portfolio for 8 years?

 

Why is housebuilding rocketing to a level not seen in 20 years?

 

Tory cuts have been brutal and they havn't covered themselves in glory, but the thought of a Labour government is fucking frightening.

Posted

Spoilsport.

 

Please, please, pretty please tell us all about Gordon Browns fiscal stimulus packages, Mr Smeefs.

 

Can you add pictures and diagrams too for the not so bright?

Posted

 

 

Tory cuts have been brutal and they havn't covered themselves in glory, but the thought of a Labour government is fucking frightening.

 

 

I agree with your diagnosis, Smiffs, apart from one aspect; cuts.

 

The cuts have not been brutal, in toto. Public spending is still too high, but a significant part of that is due to paying pensions, which haven't been tackled sufficiently, hence the cuts falling on more visible services.

 

I read recently that 1/3rd of local authority spending goes on paying pensions of ex-council workers.

 

This needs to be addressed.

 

In addition, taxes are too high.

Posted

A general question for people to answer.

 

A lot of what I'm reading here seems to suggest that some people are very keen to drive us ever closer to an American style society. Whereby taxes are low, state interference is low as is state support, welfare and health support. A society which broadly rewards those who are wealthy and does nothing to assist those who are not.

 

Is that what people want? I'm not saying it is wrong, I mean America is one of the leading lights of the world in many ways. But am I reading it wrong or is that how people want it to be? Is that the model people want us to follow?

Posted

What the industry builds is wholly relevant and shows I don't think you know much about construction, its sectors, and how its funded. I could bore you with Gordon Browns fiscal stimulus packages which created fuck all but paperwork and a disproportionate amount of non-labour (work) related tasks, the farce that was EFG, the probative planning laws his mate John Prescott brought through, billions wasted through PFI...

 

The recession was here (and the parallel financial mess Labour created) when the Tories took over. Lending is tougher than it has ever been. If you listen to the left they will tell us the recovery is horrific...

 

If that's the case, why is there fuckloads of construction work?

 

How have the Tories created hundreds of thousands of jobs in the last 3 years if they are so shit?

 

Why am I currently on a train to London to meet a developer who is spending another £45m on a project which has been sat in his portfolio for 8 years?

 

Why is housebuilding rocketing to a level not seen in 20 years?

 

Tory cuts have been brutal and they havn't covered themselves in glory, but the thought of a Labour government is fucking frightening.

Can't say fairer than that.

Posted

A general question for people to answer.

 

A lot of what I'm reading here seems to suggest that some people are very keen to drive us ever closer to an American style society. Whereby taxes are low, state interference is low as is state support, welfare and health support. A society which broadly rewards those who are wealthy and does nothing to assist those who are not.

 

Is that what people want? I'm not saying it is wrong, I mean America is one of the leading lights of the world in many ways. But am I reading it wrong or is that how people want it to be? Is that the model people want us to follow?

I'd imagine like in America, those in 'good jobs' who earn a decent crust are in favour.

Those at the lower end of the scale are not so much.

 

Much like the traditional tory/labour split.

Posted

A general question for people to answer.

 

A lot of what I'm reading here seems to suggest that some people are very keen to drive us ever closer to an American style society. Whereby taxes are low, state interference is low as is state support, welfare and health support. A society which broadly rewards those who are wealthy and does nothing to assist those who are not.

 

Is that what people want? I'm not saying it is wrong, I mean America is one of the leading lights of the world in many ways. But am I reading it wrong or is that how people want it to be? Is that the model people want us to follow?

More or less. All that is required in many cases for the prosperity of all is for government to fuck off out of the way.

Posted

A general question for people to answer.

 

A lot of what I'm reading here seems to suggest that some people are very keen to drive us ever closer to an American style society. Whereby taxes are low, state interference is low as is state support, welfare and health support. A society which broadly rewards those who are wealthy and does nothing to assist those who are not.

 

Is that what people want? I'm not saying it is wrong, I mean America is one of the leading lights of the world in many ways. But am I reading it wrong or is that how people want it to be? Is that the model people want us to follow?

 

 

Not for me in toto, but a society which maximises opportunity, rewards hard work and risk taking and looks after those who cannot look after themselves would be my starting point.

Posted

Not for me in toto, but a society which maximises opportunity, rewards hard work and risk taking and looks after those who cannot look after themselves would be my starting point.

I agree. Also, not rewarding those who can't be arsed looking after themselves.
Posted

Not for me in toto, but a society which maximises opportunity, rewards hard work and risk taking and looks after those who cannot look after themselves would be my starting point.

 

That was my take on New Labour in 1997.

Posted

That was my take on New Labour in 1997.

 

 

Indeed

 

That was the essence of the con

Posted

That was my take on New Labour in 1997.

 

Same. I think it is broadly what we've had in this country since 1979 onwards is it not? Suspect it is what everyone wants more or less.

 

I guess it is the definitions that really end up defining our politics. Such as who classes as not being able to look after themselves. And the best way to achieve things.

 

My own view is that I don't think you can as a government create a fair society as Labour keep going on about. Society will never be fair. I'm not even sure you can make it fairer.

But I also think that running everything on market principles of profit and loss is wrong. Some things are more important than that and that is why I always fall between the Tories and Labour.

 

In addition I also think just saying that government should just let the markets and private business do their thing unchecked is incredibly wrong. I don't trust business to run the country.

 

Posted

I'd imagine like in America, those in 'good jobs' who earn a decent crust are in favour.

Those at the lower end of the scale are not so much.

 

Much like the traditional tory/labour split.

Which way though?

 

Labour raped the lower end of the working market by flooding it with migrants (granted many doing the jobs our workshy would not), scrapping the 10p tax level for the low paid, killing business innovation and investment (which you know, creates jobs) and doing fuck all to get a generation of lesser academically placed kids into apprenticeships or the workplace.

 

Only the blinded or retarded do not see this.

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