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Tory lie finally nailed

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On 3 May 2015 at 6:58pm Clifford wrote:
'The permanent secretary to the Treasury, Sir Nicholas Macpherson, has argued that the 2008 financial crisis was “a banking crisis pure and simple”, contradicting Conservative claims that it was caused by Labour overspending.'
Though that won't be this forum's resident economic innumerates repeating it, I'm sure.

Check it out here »
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On 3 May 2015 at 7:57pm Boris wrote:
Do we know where Sir Nicholas Macpherson will be putting his cross next Thursday, I think we have a pretty good idea now.
You never answered my post about the fact that the deficit grew by 40% between 2000 and 2007, before the credit crunch.
To answer your questions in that thread I would say that the Tories may well have suggested in 2008 that they would have stuck to Labour spending plans but lets be honest this would have been half way through their third term out of office, if they had been saying, vote for us in 2010 and we will cut spending how would that have looked. Also bear in mind that at this point, credit crunch wise, nobody out of the governing party knew exactly how bad things were, in fact it was only when the coalition was formed that the true extent of how much of a mess we were in came to light.
I have never said that the Credit crunch was totally down to the Labour party, the fact that it happened all over the world shows that to be the case. But whilst the credit crunch wasn't totally their fault the deficit most defo was, proven by fact that it was so high before the credit crunch hit.
Come on Clifford your not silly, it was obvious at the time that they were spending to much, you didn't need to see any figures. Through the benifit system back then, people were being paid so well that they couldn't afford to go out and get a job. Young girls were having babies as a way of putting money in their pockets and getting a decent roof over their heads. The public sector was full of people doing made up insignificent jobs and getting paid anything North of 40 grand and all this created on the back of an economy that was spending more than what was coming in.
If the Tories had created a society like that, there is no way that I would be voting for them 5 years later, especially if they were being lead by 2 people who major players in that government.
I like your passion for the election, areyou going to redeam youself and vote?
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On 3 May 2015 at 11:32pm Ned Kelly wrote:
Clifford we are waiting or has mummy put you to bed??
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On 4 May 2015 at 12:24am Mark wrote:
Clifford does indeed seem to have to have nodded off. In the circs, I'll chip in. It might help Boris if you actually read the info in the link.
I'll cut and paste for you...
The OBR writes: “Looking back to the pre-crisis period, it is hard to argue that the tax and spending policies implemented in the early and mid-2000s were in themselves an important cause of the crisis, or the recession.”
If the OBR are saying this, I think we can take it as read, n'est-pas?
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On 4 May 2015 at 1:33am wrote:
Why is Paul Newman now lying under the name 'Boris'?
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On 4 May 2015 at 7:02am Boris wrote:
Thanks for that Mark, I clearly made the same mistake as clifford and assumed the article finished with the underlined heading about where the parties are with the economy going into this election.
as I wrote, you didn't need the OBR to tell you anything , you just had to open your eyes.


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