Comments on: There is nothing prudent about letting unemployment spiral http://thethirdestate.net/2009/12/there-is-nothing-prudent-about-letting-unemployment-spiral/ What Is The Third Estate? Everything. What Has It Been Until Now In The Political Order? Nothing. What Does It Want To Be? Something. Tue, 22 May 2012 14:12:28 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Owain http://thethirdestate.net/2009/12/there-is-nothing-prudent-about-letting-unemployment-spiral/comment-page-1/#comment-6065 Owain Thu, 17 Dec 2009 18:56:21 +0000 http://thethirdestate.net/?p=3218#comment-6065 I think both the government and the opposition are being rather economical with the truth (no pun intended). It seems rather like we've a tight rope to walk, and the two parties are arguing about which side we should be worried about falling off. To the right: - If we let the debt get out of control, and interest rates on it rise, we're in the shit as we'll have to divert even more resources into paying off the debt and compound interest. To the left - If we fail to sustain a recovery, and we get an unemployment-deflation spiral, we're in the shit as we'll have ever decreasing revenues and spending, and will need to re-inflate the economy with even more government borrowing and quantitative easing. But whoever is leading our country over the tight rope after the next election, if we start falling one way, you can bet they'll try to correct to the other direction, regardless of which way they reckoned we were falling before. This seems to me to be mostly posturing by the government and opposition to try to win points and appeal to their core voters before an election. Call me a cynic if you will I think both the government and the opposition are being rather economical with the truth (no pun intended).

It seems rather like we’ve a tight rope to walk, and the two parties are arguing about which side we should be worried about falling off.

To the right: – If we let the debt get out of control, and interest rates on it rise, we’re in the shit as we’ll have to divert even more resources into paying off the debt and compound interest.

To the left – If we fail to sustain a recovery, and we get an unemployment-deflation spiral, we’re in the shit as we’ll have ever decreasing revenues and spending, and will need to re-inflate the economy with even more government borrowing and quantitative easing.

But whoever is leading our country over the tight rope after the next election, if we start falling one way, you can bet they’ll try to correct to the other direction, regardless of which way they reckoned we were falling before. This seems to me to be mostly posturing by the government and opposition to try to win points and appeal to their core voters before an election.

Call me a cynic if you will

]]> By: Oberon Houston http://thethirdestate.net/2009/12/there-is-nothing-prudent-about-letting-unemployment-spiral/comment-page-1/#comment-6055 Oberon Houston Thu, 17 Dec 2009 07:02:24 +0000 http://thethirdestate.net/?p=3218#comment-6055 So your against the rise in National Insurance then - which is a taxon jobs? Or would you use the money it raises to pay for public sector workers whom we cannot afford? You seem to be suggesting that Tories 'like' unemployment, or at the very least prefer it to having to cut down on the quality of their sherry. I have actually lived through the 'disastrous, awful Thatcher years', 19 years old, unemployed for the best part of two years, unplanned pregnancy, a baby son, partner and living on Income Support (£64/wk for a family of three) on a very rough council estate (hence the immediate housing availability). Yet I am a Tory, and look to the Labour government of the '70s with disgust? I don't have the perfect answer to this recession, but those who conjure up the image of "Nasty Tories" and attack their policies are identifying the wrong enemy here. So your against the rise in National Insurance then – which is a taxon jobs? Or would you use the money it raises to pay for public sector workers whom we cannot afford? You seem to be suggesting that Tories ‘like’ unemployment, or at the very least prefer it to having to cut down on the quality of their sherry.

I have actually lived through the ‘disastrous, awful Thatcher years’, 19 years old, unemployed for the best part of two years, unplanned pregnancy, a baby son, partner and living on Income Support (£64/wk for a family of three) on a very rough council estate (hence the immediate housing availability). Yet I am a Tory, and look to the Labour government of the ’70s with disgust? I don’t have the perfect answer to this recession, but those who conjure up the image of “Nasty Tories” and attack their policies are identifying the wrong enemy here.

]]> By: Jim http://thethirdestate.net/2009/12/there-is-nothing-prudent-about-letting-unemployment-spiral/comment-page-1/#comment-6051 Jim Thu, 17 Dec 2009 01:20:40 +0000 http://thethirdestate.net/?p=3218#comment-6051 There are no choices, they seek to do the same who ever wins, round and round in circles we go! All the Major parties agree on one thing keeping the profit system propped up! Labour may play the class card against the Tories, but in doing so they lie through their teeth, and how many times have we heard the Tories say that Labour have stolen their polices or that they agree with Labour and will support this or that vote in parliament. They agree on many things including war! There are no choices, they seek to do the same who ever wins, round and round in circles we go! All the Major parties agree on one thing keeping the profit system propped up!

Labour may play the class card against the Tories, but in doing so they lie through their teeth, and how many times have we heard the Tories say that Labour have stolen their polices or that they agree with Labour and will support this or that vote in parliament.

They agree on many things including war!

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