| Topic: | Re:Re:Re:Re:Re:Conned by the Tories | |
| Posted by: | Luke Smith | |
| Date/Time: | 25/01/05 11:30:00 |
| Toby / David, Minimising the impact? With Neil ‘cash for questions’ Hamilton as Minister for Corporate Affairs, Jeffrey ‘I am not a liar’ Archer as Deputy Chairman of the Tory Party, and Jonathan ‘convicted perjurer’ Aitken as Chief Secretary to the Treasury I can see why this would be an important facet of Conservative Party policy! Seriously though, you say that the Tories didn’t cause the recessions, they merely dealt with the inevitable problems caused by a global downturn – and hence managed to give the country interest rates of 15%, 3 million unemployed, and disastrous under-investment in public services. These were the inevitable consequences, you claim. Look at the economic indicators over the last few years, and today. The world’s most developed nations have been suffering from a global downturn. But unlike America, Germany, Japan and the Euro area, the British economy has grown in every quarter since 1997. Instead of being the most volatile economy amongst the world’s developed nations, as Britain was in the previous two decades, we are now the most stable. Moreover, Britain’s economic stability and steady growth has been combined with historically high employment, low inflation and interest rates. Following your logic, if the Labour Government managed the problem like the Tories did – high interest rates, high unemployment – that will be a success. So, what do you think of Gordon Brown’s ability to ride out the global downturn coupled not with the inevitable dire results you point to but with the longest period of continuous economic growth for 200 years, the longest period of sustained low inflation and interest rates since the 1960s, and record levels of investment in public services? You must be delighted? |