Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
28 January 2009
16:3414135The problem is that they take the Tory ideas and then misapply them. Its one thing to get the right policy but the way they get implemented can destroy any benefit.
The clearest example was the first bank bailout, for which Brown claimed to lead the world, the one he copied from the Swedes.
The recapitalisation was set at a cost of 12% to the banks and Brown then expected the banks then to reduce interest rates! Plain economic insanity. Then there was the Governments other terms for bailout, they wanted shares in exchange (no problem that) but then said the banks would not then be able to reward shareholders with dividends. Needless to say, bank shares plunged further, Barclays preferred to go to the Arabs than accept Brown's terms and it failed....
Time and time again policy ideas are copied or stolen and then screwed up in the implementation. They have no idea at all, utterly hopeless.....
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
28 January 2009
16:3814137that was a very one sided view with a touch of bias throw in.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
28 January 2009
16:4514145I have stated some facts Brian.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
28 January 2009
16:4714146i will stick with my origanal post barry.