UK General Election

NWO Sentryman said:
In the same way an abused spouse is afraid of leaving their abuser due to the alternative being homelessness.
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No, in the same way as a non-working spouse who spent all the money the couple had and took out loans is afraid to ask for divorce, because (s)he would be left with half the debt.

Here's the Hat Economist explaining why Austerity has failed.
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Here are a few examples of why he's wrong, enjoy:

http://www.imf.org/en/News/Articles/2016/07/26/23/46/NA072716-Ireland-Exceptional-Recovery
https://www.ft.com/content/549d7f08-9a09-11e6-8f9b-70e3cabccfae
http://www.oecd.org/economy/portugal-successful-reforms-have-underpinned-economic-recovery.htm
http://www.ebrd.com/news/2017/cyprus-recovery-set-to-continue-this-year-and-next.html
https://www.ft.com/content/68cd2d4e-4084-11e7-82b6-896b95f30f58

It's not austerity and it's not EU. Cyprus plus three of the five PIIGS are recovering beyond expectations, Italy is roughly in line with expectations. Greece is the only failure of the bunch.

The logical conclusion is the problem not austerity and it's not EU. It's Greece.

McHrozni
 
NWO Sentryman said:
Except this is the same IMF who admitted Austerity has failed.
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Please explain the success stories above. Austerity worked well in four out of six cases, worked well enough in one of six cases and failed in one case.

Based on that data, how did you conclude "it does not work"?

It takes a strong man to deny what's right in front of him and if the truth is undeniable you create your own.
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Yeah, you're a real expert in that I wager.

McHrozni
 
McHrozni said:
Please explain the success stories above. Austerity worked well in four out of six cases, worked well enough in one of six cases and failed in one case.

How do you come from that to "it does not work"?



Yeah, you're a real expert in that I wager.

McHrozni
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If Austerity works then why has UK food bank usage soared in the past decade? Why are women more at risk of domestic violence? Why is greece circling the drain as they obey every diktat from Brussels? Why has europe been stagnant since 2009?
 
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NWO Sentryman said:
Why is greece circling the drain as they obey every diktat from Brussels?
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Because they've managed to screw their country so badly over the years it will take more than a few cheap bailouts to get them on track.

Why has europe been stagnant since 2009?
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Most likely? Because you're using bad data.

“I certainly continue to be amazed by the skewed negativism towards Europe,” says Erik Nielsen, chief economist of UniCredit, who says such views are “mostly based on what seems like superficial attention to the data — or, maybe, to ‘alternative facts’ .”

https://www.ft.com/content/0bbc026a-ea12-11e6-967b-c88452263daf

McHrozni
 
McHrozni said:
Because they've managed to screw their country so badly over the years it will take more than a few cheap bailouts to get them on track.



Most likely? Because you're using bad data.

“I certainly continue to be amazed by the skewed negativism towards Europe,” says Erik Nielsen, chief economist of UniCredit, who says such views are “mostly based on what seems like superficial attention to the data — or, maybe, to ‘alternative facts’ .”

https://www.ft.com/content/0bbc026a-ea12-11e6-967b-c88452263daf

McHrozni
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"european recovery" is like saying "WMD were in Iraq after all!", because if the establishment says it, it isn't "alternative facts". Eurozone growth has been stagnant compared to America's:

gdp-growth-in-eurozone-japan-and-us-2008q1-to-2014q31.png
 
NWO Sentryman said:
"european recovery" is like saying "WMD were in Iraq after all!", because if the establishment says it, it isn't "alternative facts". Eurozone growth has been stagnant compared to America's:

[qimg]https://aneconomicsense.files.wordpress.com/2014/11/gdp-growth-in-eurozone-japan-and-us-2008q1-to-2014q31.png[/qimg]
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Check the calendar. Specifically, the year.

https://europeansnapshot.files.wordpress.com/2016/05/real-gdp-4.png?w=550

As for what caused the crisis and why austerity can and should be a part of fixing it:

http://www.economicshelp.org/wp-con...ds/2012/12/Europes-competitiveness-crisis.png

McHrozni
 
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NWO Sentryman said:
Took then 7 years to recover from a crisis that took the us a fraction of the time.
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Yes, good catch. Almost as if EU suffered a major crisis of confidence in sovereign bonds and USA did not.

Wait, that's precisely what happened. How odd.

You're comparing apples to zucchinis. It's no wonder you have a skewed view of reality.

McHrozni
 
McHrozni said:
Yes, good catch. Almost as if EU suffered a major crisis of confidence in sovereign bonds and USA did not.

Wait, that's precisely what happened. How odd.

You're comparing apples to zucchinis. It's no wonder you have a skewed view of reality.

McHrozni
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Compared to "Greece should turn into Germany!", "Bring Back Fox Hunting!" and "privatise everything!" It's actually rational.
 
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I could understand it if this were all in the Brexit thread, but this is the UK General Election thread.;)
 
Belgian thought said:
This was on this evening. Paxman has a go at them, one at a time, from about 43 minutes in. Corbyn is first to the grilling since the schedule was apparently decided by the toss of a coin.

https://www.youtube.com/watch?v=ULN7MbKTbKE
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I watched the programme, and I thought Corbyn did quite well. Rational, confident. Recent media coverage of him led me to expect a mad, gibbering antisemitic terrorist, but he didn't really come over like that.
 
They never did get to the bottom of why Corbyn like terrorists and foreign enemies so much. Celebrating the IRA, referring to HAMAS as his 'friends', calling the death of Bin Laden 'a tragedy', voting consistently against anti-terror legislation, undermining the Prevent strategy, refusing to say that he'd use the nuclear deterrent, personally opposing Trident, the list goes on. He's a proper little virus.
 
baron said:
They never did get to the bottom of why Corbyn like terrorists and foreign enemies so much. Celebrating the IRA, referring to HAMAS as his 'friends', calling the death of Bin Laden 'a tragedy', voting consistently against anti-terror legislation, undermining the Prevent strategy, refusing to say that he'd use the nuclear deterrent, personally opposing Trident, the list goes on. He's a proper little virus.
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Likes foreign enemies so much! Opposing Trident. If nukes are a deterrent, then using them is failure in itself, without even mentioning that it would destroy the world. Ah, but I forgot - he just needs to say he'll use them.

Anyway he still seemed confident and rational. That is more than can be said for your virus post, which is a mere collection of hard-right shibboleths.
 
baron said:
They never did get to the bottom of why Corbyn like terrorists and foreign enemies so much. Celebrating the IRA, referring to HAMAS as his 'friends', calling the death of Bin Laden 'a tragedy', voting consistently against anti-terror legislation, undermining the Prevent strategy, refusing to say that he'd use the nuclear deterrent, personally opposing Trident, the list goes on. He's a proper little virus.
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When did he refer to Hamas as his friends and called the death of bin Laden a tragedy? :jaw-dropp

Is this a tangent or are you serious? Linky?

McHrozni
 
He definitely called the death of Bin Laden a tragedy (i.e. that it was a tragedy he was killed rather than brought to trial for his crimes). I don't remember the details of the Hamas comment, but again it's all in how you interpret what he said.
 
Pixel42 said:
He definitely called the death of Bin Laden a tragedy (i.e. that it was a tragedy he was killed rather than brought to trial for his crimes).
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I googled it, seems legit.

http://metro.co.uk/2015/08/31/what-...ama-bin-ladens-death-being-a-tragedy-5369339/

‘Bin Laden should be put on trial; not in Britain, but in the place where he organised the biggest and most terrible of his massacres, New York.

‘He should be put on trial, because a trial would be the profoundest and most eloquent statement of the difference between our values and his. He wanted to kill as many innocent people as he could.

He's not wrong. Dumb maybe, but not wrong per se.

Hamas thing is a tad more questionable, he expressed regret over the phrase a year ago.

https://www.theguardian.com/politic...e-regrets-calling-hamas-and-hezbollah-friends

He seems to be a visually challenged idealist to me. He's not PM material, but he might actually beat out Theresa May on that.

McHrozni
 
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