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Quinn

brexit thread

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:))))))

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(actual real ed miliband christmas card)

i would fucking LOVE some chaos with ed miliband right now

thank god austerity is over that should soften any brexit related blows, we just need to get through the post-austerity cuts first

Edited by Quinn

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LABOUR COME INTO POWER - SPEND IRRESPONSIBILY AND RUN OUT OF MONEY

COUNTRY IS ANGRY BECAUSE BAD FINANCIAL STATE, SO VOTE CONSERVATIVE IN

CONSERVATIVES HAVE LIMITED OPTIONS BECAUSE OF LABOUR STUPIDITY, HAVE TO INCORPORATE AUSTERITY INTO ECONOMIC PROGRAMME

PEOPLE ANGRY BECAUSE AUSTERITY IS HAPPENING, SAY LABOUR WOULD BE BETTER

LABOUR VOTED BACK IN

 

REPEAT

Edited by Lewis

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23 minutes ago, Lewis said:

LABOUR COME INTO POWER - SPEND IRRESPONSIBILY AND RUN OUT OF MONEY

COUNTRY IS ANGRY BECAUSE BAD FINANCIAL STATE, SO VOTE CONSERVATIVE IN

CONSERVATIVES HAVE LIMITED OPTIONS BECAUSE OF LABOUR STUPIDITY, HAVE TO INCORPORATE AUSTERITY INTO ECONOMIC PROGRAMME

PEOPLE ANGRY BECAUSE AUSTERITY IS HAPPENING, SAY LABOUR WOULD BE BETTER

LABOUR VOTED BACK IN

 

REPEAT

we got slammed particularly in the 2008 financial crash (that wasn't caused by labour lol you know this) because of our large finance sector

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bailouts and spending are what helped pull us out of recession

not only that the spending wasn't even that much, spending was much higher during thatcher years

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some more graphs

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IMF paper on how the multiplier (government spending effect on economic growth) was massively underestimated https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Growth-Forecast-Errors-and-Fiscal-Multipliers-40200

IMF paper on how austerity can actually undercut government revenue so much as to cancel out debt relief:https://www.imf.org/external/pubs/ft/wp/2013/wp1367.pdf

excerpt:

Quote

Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wiped out by the decline in output. Although this effect is not longlasting and debt eventually declines, it could be an issue if financial markets focus on the short-term behavior of the debt ratio, or if country authorities engage in repeated rounds of tightening in an effort to get the debt ratio to converge to the official target. We discuss whether these problems could be addressed by setting and monitoring debt targets in cyclically-adjusted terms.

stressing this part: Although this effect is not longlasting and debt eventually declines, it could be an issue if financial markets focus on the short-term behavior of the debt ratio, or if country authorities engage in repeated rounds of tightening in an effort to get the debt ratio to converge to the official target.

does the bit in bold sound familiar?

real wages over the past decade:

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we are in a worse place now than we were in 2006 :///

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another epic graph

but yeah whatever labour caused the global recession by spending too much yeah 

 

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16 minutes ago, VENGA BUS said:

Amazed Quinn took the time to reply to that obvious bait but good post (Y) 

don't want the granite heads in ob to become tory voters because of a lewis bait 

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Fact:

In the last 42 years, only ONE labour MP has won a general election to become prime minister, and he was basically a conservative.

OMEGALUL NT labour

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