An evening with friends continued
One issue that I failed to consider was the economic situation. I was just looking at the BBC's website and came across this link Radio 4 More or Less. It is a discussion of the influence of the Black-Schole equation, largely taken from Ian Stewart.
The current government keeps try to blame the last government for the financial problems we are facing though this is untrue. I do not know how that can be explained, it seems a simple story but any blame that that government had was at one remove from the real problem greedy and incompetent bankers. It is true that there were problems with regulations but those who want less regulation can hardly complain about . that. Some argue that they support regulation but it was the wrong regulation. The state have been trying to get it right for a long time and it never seems to be quite right.
The government were faced with a simple issue, do they let RBS, Northern Rock and HBOS go bust with the consequences for millions of savers or do they pump millions of pounds in tax payers money to protect them. The problem is simple the solution isn't and we are still faced with it. The value of the bailout was approximately 37 billion but the total value, according to the Independent the cost of the bailout. So most of our financial problems were caused by incompetent bankers not the alst government.
How do we get the message across to the public, especially on the doorstep? The Tories and Lib Dems have carefully created the impression, especially after Liam Byrne's stupid joke. How do we explain that the austerity measures won't work, Osborne's excuse that it is because of Europe but unhappily Europe are adopting the same austerity polices that Osborne supports so there is no hope there. But again how do we get the message across?
The current government keeps try to blame the last government for the financial problems we are facing though this is untrue. I do not know how that can be explained, it seems a simple story but any blame that that government had was at one remove from the real problem greedy and incompetent bankers. It is true that there were problems with regulations but those who want less regulation can hardly complain about . that. Some argue that they support regulation but it was the wrong regulation. The state have been trying to get it right for a long time and it never seems to be quite right.
The government were faced with a simple issue, do they let RBS, Northern Rock and HBOS go bust with the consequences for millions of savers or do they pump millions of pounds in tax payers money to protect them. The problem is simple the solution isn't and we are still faced with it. The value of the bailout was approximately 37 billion but the total value, according to the Independent the cost of the bailout. So most of our financial problems were caused by incompetent bankers not the alst government.
How do we get the message across to the public, especially on the doorstep? The Tories and Lib Dems have carefully created the impression, especially after Liam Byrne's stupid joke. How do we explain that the austerity measures won't work, Osborne's excuse that it is because of Europe but unhappily Europe are adopting the same austerity polices that Osborne supports so there is no hope there. But again how do we get the message across?
Labels: Voodoo Economics
posted by Unknown at
3:37 AM
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