Sweet Square
ˈkämyənəst
Normal day at the Guardian it seems
Normal day at the Guardian it seems
The BoE is primarily buying the bonds that the government is issuing to pay for its corona response, among other things. Banks have actually been losing money from interest rates being so low, rather than having their pockets lined.
US President-elect Joe Biden has unveiled a $1.9tn (£1.4tn) stimulus plan for the coronavirus-sapped US economy before he takes office next week.
If passed by Congress, it would include $1tn for households, with direct payments of $1,400 to all Americans.
The relief proposal includes $415bn to fight the virus and $440bn for small businesses.
Biden, a Democrat, has promised to beat the pandemic that has killed more than 388,000 people in the US.
Each day brings well over 200,000 new cases in the US and the daily death toll sometimes tops 4,000.
In a primetime speech on Thursday night from his hometown of Wilmington, Delaware, Biden said: "A crisis of deep human suffering is in plain sight and there's no time to waste."
"The very health of our nation is at stake," he added. "We have to act and we have to act now."
I had actually read that and thought of you tbh. I much prefer the US policy. Would be intrigued by a breakdown of what people did with it- if everyone sticks it in the bank then it won't work as stimulus, just build the savings rate, but if everyone went on a splurge then it might help. Still think Bezos loves this most.Read this today and thought of you, this is pretty much exactly what I would be doing with £1.4bn instead of giving it to financiers. They will see the benefits for their economy I think.
How is America more socialist than us though FFS?
Anyone arguing that trusting the banks with large amounts of public money is a good thing is incredibly naive.Read this today and thought of you, this is pretty much exactly what I would be doing with £1.4bn instead of giving it to financiers. They will see the benefits for their economy I think.
How is America more socialist than us though FFS?
Anyone arguing that trusting the banks with large amounts of public money is a good thing is incredibly naive.
I've been quite interested by your points regarding QE and your thoughts on how the money should have been distributed more fairly. I've been angry with the banks for years because it was public money that bailed them out, yet when society needs bailing out it's still public money bailing us out. There is no give and take, the banks have stolen more from us than a benefit cheat or a refugee family could steal from us in a million lifetimes yet we very rarely hear politicians and the media lambasting them.
I had actually read that and thought of you tbh. I much prefer the US policy. Would be intrigued by a breakdown of what people did with it- if everyone sticks it in the bank then it won't work as stimulus, just build the savings rate, but if everyone went on a splurge then it might help. Still think Bezos loves this most.
I'm not an expert on the matter by any means but my rather hard headed approach would have been telling them all to feck off. Gambling away things like people's pensions for years and then when the bubble bursts, they exchange a couple of winks and a couple of nudges to weasel their way directly into public funding, whilst simutaneously taking people's houses, cars and other possessions, all after being bailed out by their taxes. Evil, corrupt little toe rag leeches with absolutely nothing to offer society.I don’t disagree. But the collapse of the likes of RBS would have had a catastrophic effect. They had to be bailed out.
I'm not an expert on the matter by any means but my rather hard headed approach would have been telling them all to feck off. Gambling away things like people's pensions for years and then when the bubble bursts, they exchange a couple of winks and a couple of nudges to weasel their way directly into public funding, whilst simutaneously taking people's houses, cars and other possessions, all after being bailed out by their taxes. Evil, corrupt little toe rag leeches with absolutely nothing to offer society.
As a socialist, I believe we should be moving away from such morally corrupt system of capital and telling the banks to piss right off would be an excellent start.
As I say, I'm no economist so I'm certainly not an authority on the matter but my anger towards them has only become more intense as the years have rolled by, yet others seemed to have diminished. I feel like they're getting away with what they did, whilst everyone is focused on culture wars propped up by the media and over half the politicians in the land. It's disgusting that so many have suffered because of the action of the banks and trusting them with public funds should never be allowed to happen again.I understand, and when you dig into some of the practices, it really was a house of cards. However, the impact of the big banks collapsing in the UK would have made the financial crisis far worse (in my opinion), so whilst somewhat abhorrent, the government bailout was the right thing to do.
Seems to be workingHe is probably too busy trying to appeal to English Daily Mail readers to notice.
Yes, in that you just linked a Daily Mail article.
Keir Starmer drops Labour pledge to fight for return to EU free movement
Opposition leader says it won’t be ‘realistic’ to renegotiate free movement
https://www.independent.co.uk/news/uk/politics/starmer-labour-free-movement-eu-pledge-b1785041.html?
He has changed his tune on yet another issue. What does he actually stand for? Genuinely, can anyone tell me his core values?
Is he hoping his 3 word slogan can simply be "Better than Boris"?
True though. Labour is now 4 points ahead. I know the last thing you want is a labour victory at the election because it’ll be yet another nail in the coffin of corbynite thinking, but the rest of us think it’s a fairly positive developmental.
True though. Labour is now 4 points ahead. I know the last thing you want is a labour victory at the election because it’ll be yet another nail in the coffin of corbynite thinking, but the rest of us think it’s a fairly positive developmental.
True though. Labour is now 4 points ahead. I know the last thing you want is a labour victory at the election because it’ll be yet another nail in the coffin of corbynite thinking, but the rest of us think it’s a fairly positive developmental.
Wow "surges", must be absolutely guaranteed. He will win the poll Cup this year.
Yet another issue Starmer now has no opinion on. It raises more questions about him.We. Lost. The. Argument. Free movement is a dead issue. Move the feck on. That’s why he’s not looking to reopen it. I’d like us to rejoin the EU in some manner but I accept it’s not a debate that’s worth having at the moment. For fecks fecking sake. How politically obtuse do you have to be not to see that?
It's the equivalent of an international footballer declaring retirement from the national team. Everyone knows he's past being picked anyway, the aim is to stop wasting time on speculation.We. Lost. The. Argument. Free movement is a dead issue. Move the feck on. That’s why he’s not looking to reopen it. I’d like us to rejoin the EU in some manner but I accept it’s not a debate that’s worth having at the moment. For fecks fecking sake. How politically obtuse do you have to be not to see that?
We. Lost. The. Argument. Free movement is a dead issue. Move the feck on. That’s why he’s not looking to reopen it. I’d like us to rejoin the EU in some manner but I accept it’s not a debate that’s worth having at the moment. For fecks fecking sake. How politically obtuse do you have to be not to see that?
Boris could be polled against a potato right now and fall behind.
"Probably" denotes your biased opinion, so let's avoid baseless speculation and silly names. .He would still probably have a double digit lead over jezbollah or wrong-daily or burgeon or whichever other unelectable replacement the corbynistas wanted
"Probably" denotes your biased opinion, so let's avoid baseless speculation and silly names. .
Er, ok.Imagine how much further ahead he would be if anyone actually knew what he stood for.
Er, I think you are having trouble, mixing up the words imagine and probably.Er, ok.
Well, imagine is baseless by definition. Imagine how big a lead Keir would have it wasn't for the right wing press.Er, I think you are having trouble, mixing up the words imagine and probably.
If you think any opposition leader would not be ahead of Boris at this stage then you have not been looking at Boris Johnsons popularity plummeting.
So when he’s behind it’s because he’s useless, when he’s not pulled ahead it’s because he’s not lefty enough, when he pulls ahead it’s because anyone could do it. I see.Er, I think you are having trouble, mixing up the words imagine and probably.
If you think any opposition leader would not be ahead of Boris at this stage then you have not been looking at Boris Johnsons popularity plummeting.
He has pulled ahead it is because we are beginning to see the UK's most unpopular Prime Minister decrease his popularity day by day, mistake by mistake.So when he’s behind it’s because he’s useless, when he’s not pulled ahead it’s because he’s not lefty enough, when he pulls ahead it’s because anyone could do it. I see.
I can imagine it would be less of a lead because Keir and the right wing press go hand in hand, for now.Well, imagine is baseless by definition. Imagine how big a lead Keir would have it wasn't for the right wing press.
Oh yeah, the DM has been showering him with praise.I can imagine it would be less of a lead because Keir and the right wing press go hand in hand, for now.
Do you see the difference now? Language hey.
He has pulled ahead it is because we are beginning to see the UK's most unpopular Prime Minister decrease his popularity day by day, mistake by mistake.
What do you think will happen to the polls when the Tories inevitably eject Boris and bring in a new leader?
I think people like Boris more than the Tories. If he goes, and he sure likes to tell people he's thinking about it, then things could change.I still think it will take an ERM type fiasco for Tory support to fall away significantly.
I think people like Boris more than the Tories. If he goes, and he sure likes to tell people he's thinking about it, then things could change.
Problem is no one likes Keir.
His wife is quite fond I heard.I think people like Boris more than the Tories. If he goes, and he sure likes to tell people he's thinking about it, then things could change.
Problem is no one likes Keir.