Wonderer - TSK!! (57)

Cause and effect dear boy!

I suggest you actually look up what happed PRE Thatcher and what caused her policies, instead of looking at a newsreaders' legs and being bewitched by her accent. That way, you *might* just actually learn something. Start with coal and Poland and report back!

www.thedivinemissp.co.uk

Hypocrites the lot of them, the all task about class wars whilst they make the working class jobless to make way for cheap imported labour

The first rule of Brat Club, we don't talk about Brat Club...

Edited 26 Jan 10, 12:02 AM by BarbieSlutLoki

Thats why we are where we are!

Right, so explain Poland and coal. In yer own time, people have had 20+ years and haven't, but give it your best bash

And then you can traverse the logistics of de-reg and explain why Britain became a major market force/leader during those times, and remains so.

Try to keep to the facts and keep your prejudices out of it. If you can

www.thedivinemissp.co.uk

Edited 26 Jan 10, 12:13 AM by MissP

No its Gordonenomics, the total failure of Chancellor and now Prime Mentalist Gordon Brown economic non policies

Its 12 years of socialist bile that have led us to this point, ever more taxation and a breakdown of our education system, our healthcare, the elderly being treated little better than cattle and state sactioned murder of children through the complete failure of social services

Oh and they lost all moral authority when they murdered David Kelly

The first rule of Brat Club, we don't talk about Brat Club...

Edited 26 Jan 10, 12:11 AM by BarbieSlutLoki

If you ask really nicely I might let you on to my network then you can reply

Ubi caritas et amor, Deus ibi est. http://www.informedconsent.co.uk/posts/226772/

Britain a remains a major market force does it ? Oh please what facts are you basing that on. The truth is that we were hit by this current recession because New Labour carried on with her barmy economic policies in relation to market forces.

Thatcher the milk snatcher was so unpopular she only saved her skin by a war in the Falklands. Her own party got rid of her due to her little Englander approch to Europe if you recall and their desire to stay in power.

This was the woman whose watch saw mass unemployment with over 3.6 million out of work, the highest since the 1930s, Section 28, Riots in our inner cities, privatised everything in sight and told us there is no such thing as society.

Under Thatcher manufacturing output dropped by 30% from 1978 to 1983 . Hardly showing much leadership is it?

Lets not forget to mention the failed attempt to introduce Poll Tax!

Thatchers support for Pinochet sums her approch to Freedom up. When visiting him in 1998 she " Thanked him for bringing democracey to Chile" Jesus Christ!

Under her and Lawson Fiscal and monetary policy remained tight, and unemployment remained close to 3 million until 1986.

The deflationary fiscal and monetary policy's were exacerbated by 2 factors.

Firstly in the early 1980s sterling became an important petro currency; with the production of oil in the north sea. The £ rose rapidly. Combined with rising interest rates, sterling appreciated from £1 to $1.5 to $2.5. This appreciation in the pound adversely affected Britain's exports and manufacturing sector. It was here, that the UK suffered the worst effects of the 1981 recession.

Secondly, controlling the money supply proved to be much more difficult than theory predicted. Despite rising interest rates and falling AD, growth in the money supply remained stubbornly high. This encouraged the government to maintain a tight fiscal and monetary policy. Inflation fell but the money supply didn't; the link between money supply and inflation proved to be very tenuous, but by trying to reduce the money supply they reduced AD by more than was necessary.

On the one hand, inflation was reduced, but arguably it could have been done with much less pain. In seeking to meet spurious money an unprecedented level of unemployment. This unemployment caused not only personal loss but widespread social problems. The mass unemployment, associated with inner cities, was very closely responsible for the riots which sparked across Britain in 1981.During the 1980s the govt allowed the economy to expand at a significantly higher rate than its long run trend growth rate. This was because they felt there had been a “supply side miracle”. They argued that its supply side policies enabled the economy to grow at a faster rate than before.

Therefore the govt kept interest rates low and cut income tax, especially for high earners.

Also during the 1980s, there was a boom in the housing market. The rapid increase in house prices lead to an increase in consumer wealth and consumer spending. There was a big increase in consumer confidence.

Unfortunately it proved wishful thinking that the economy experienced a supply side miracle; most of the growth was caused by consumer borrowing and spending. This was reflected in a large current account deficit and inflation

The effect of growth above the long run trend rate was cause inflation and a large current account deficit.

To reduce the double digit inflation the government joined the Exchange Rate Mechanism in 1990, it was felt that by joining inflation would be brought under control.

Unfortunately this was another mistake by the govt because they entered at a rate too high. Market forces kept speculating the pound would fall. To maintain its value the govt had to

•Use its foreign currency reserves to buy sterling (the UK lost £21bn in the ERM) •Increase interest rate to 15% Despite these measures the speculators were stronger than the govt and the UK was forced to leave the ERM and devalue.

However the experience of interest rates of 15% had

•Caused a fall in AD and a steep recession

•Caused a fall in house prices as people couldn't afford mortgages any more. This fall in house prices reduced AD further.

•Many people who had borrowed money in the 1980s now faced very high interest rates

•Confidence fell sharply I could go on and on. After all 365 Economists wrote to the Times to ask her to stop her approch to the Economy, but maybe you think they were prejudiced lol

Edited 26 Jan 10, 1:35 AM by nortyboy

The legacy of Thatcher's time in office was leaking schools everywhere, a crumbling rail network, hived off bus services that redefined “service”, a crumbling road system, paid-for medical treatment…. an almost endless list. Thatcher and all conservatives of that ilk whine on about making a country fit for the entrepreneurial spirit. But their actions, both now and historically, for the most part, go soundly against that spirit.It's in their name – conservative.

Their gut reaction is to hoard wealth, and if they can't do it at home, they'll do it abroad (like Shirley Porter). Remember, the wealth of “The City” is not derived from the re-invested wealth of landowning Tories suddenly looking for a home for their money once local industries had gone. It comes from abroad. There's no way they'd invest their own money in infrastructure or development.

Their other modus operandi is to do as little as possible for the country while maintaining the status quo. Hence, this is why all large companies and financial institutions are full of the same old people, having the same background and speaking the same language. The banks and other institutions behind the economic collapse are headed by these people, who flit from government to the military, to law, 'business' and finance with impunity. Anywhere that'll keep them busy, keep them wealthy and keep them pulling strings.

Thatchers "Greed is good mentality" and her failed monterist policies are a good example of Conservatism in power!

Thatcher allied herself closely to the mad Cowboy Reagan , says it all really!

Edited 26 Jan 10, 1:39 AM by nortyboy

So no, you can't explain Poland and coal, and no, you can't keep your prejudices out of it. Thanks for trying anyway

No subsequent governement has changed any of Thatcher's major policies. There's a reason for that.

www.thedivinemissp.co.uk

Polands a medium sized country in Eastern Europe and the coal Industry was smashed up by Thatcher and her mates.

Your quite right about Economic policy in terms of deregulation which is why were in the shit were in.However they turned her over in terms of Europe good and proper.

Fortunetly Thatcher was so unpopular even her own party did her in! Ding Dong the wicked witch is dead.... well nearly.

She also had the worse dress sense of anybody other than the Queen Mother!

Edited 26 Jan 10, 8:54 AM by nortyboy