R.I.P. UK

[patb]

I’m surprised they aren’t pulling out of Afghanistan.
If you are slashing hard domestically, it seems a lot cheaper to pay for good police work and
immigration research and not be pouring money into adventures in the Kyhyber.

If i were the Lib Dems i’d make that a push
along with instant runoff voting

(Instant Runoff voting can work in lots of ways,
my preference is eliminate the last place contenders
and take all the voters for last place and apply
their votes to their second choice person. If someone gets 51% in round 1 they win but if
A get 45, B gets 40 and C gets 14 and D gets 1 percent

but the D voters preferred A on choice 2 and the C voters preferred B on Choice 2, then B wins due to
instant runoff.

[Allan from Fallbrook]

[quote=Arraya]
Obama’s appeal “isn’t anything that goes against what we are doing,” Merkel told reporters yesterday. “If we don’t get onto a path of sustainable economic growth but have rather a growth bubble, then if the next crisis comes we won’t be able to pay for it.”[/quote]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

It will also be interesting to watch the EU’s gyrations as not only Greece, but Spain, Ireland, Italy and Portugal start to “slip”. Satyajit Das had an article on Greece at Minyanville, likening the Greek crisis to the US subprime crisis: http://www.minyanville.com/businessmarkets/articles/greece-greek-sovereign-debt-goldman-sachs/4/12/2010/id/27726

[Allan from Fallbrook]

[quote=Arraya]
Obama’s appeal “isn’t anything that goes against what we are doing,” Merkel told reporters yesterday. “If we don’t get onto a path of sustainable economic growth but have rather a growth bubble, then if the next crisis comes we won’t be able to pay for it.”[/quote]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

It will also be interesting to watch the EU’s gyrations as not only Greece, but Spain, Ireland, Italy and Portugal start to “slip”. Satyajit Das had an article on Greece at Minyanville, likening the Greek crisis to the US subprime crisis: http://www.minyanville.com/businessmarkets/articles/greece-greek-sovereign-debt-goldman-sachs/4/12/2010/id/27726

[Allan from Fallbrook]

[quote=Arraya]
Obama’s appeal “isn’t anything that goes against what we are doing,” Merkel told reporters yesterday. “If we don’t get onto a path of sustainable economic growth but have rather a growth bubble, then if the next crisis comes we won’t be able to pay for it.”[/quote]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

It will also be interesting to watch the EU’s gyrations as not only Greece, but Spain, Ireland, Italy and Portugal start to “slip”. Satyajit Das had an article on Greece at Minyanville, likening the Greek crisis to the US subprime crisis: http://www.minyanville.com/businessmarkets/articles/greece-greek-sovereign-debt-goldman-sachs/4/12/2010/id/27726

[Allan from Fallbrook]

[quote=Arraya]
Obama’s appeal “isn’t anything that goes against what we are doing,” Merkel told reporters yesterday. “If we don’t get onto a path of sustainable economic growth but have rather a growth bubble, then if the next crisis comes we won’t be able to pay for it.”[/quote]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

It will also be interesting to watch the EU’s gyrations as not only Greece, but Spain, Ireland, Italy and Portugal start to “slip”. Satyajit Das had an article on Greece at Minyanville, likening the Greek crisis to the US subprime crisis: http://www.minyanville.com/businessmarkets/articles/greece-greek-sovereign-debt-goldman-sachs/4/12/2010/id/27726

[Allan from Fallbrook]

[quote=Arraya]
Obama’s appeal “isn’t anything that goes against what we are doing,” Merkel told reporters yesterday. “If we don’t get onto a path of sustainable economic growth but have rather a growth bubble, then if the next crisis comes we won’t be able to pay for it.”[/quote]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

It will also be interesting to watch the EU’s gyrations as not only Greece, but Spain, Ireland, Italy and Portugal start to “slip”. Satyajit Das had an article on Greece at Minyanville, likening the Greek crisis to the US subprime crisis: http://www.minyanville.com/businessmarkets/articles/greece-greek-sovereign-debt-goldman-sachs/4/12/2010/id/27726

[briansd1]

[quote=CA renter]
No matter what, we’re going to have to pay for the excesses and misallocations of the past few decades. Might as well get it over with as quickly as possible. The first one to cleanse will be the first one to prosper when the time is right, IMHO.[/quote]

Yes, we’ll pay for the past excesses.

However, remember that economic growth has a compounding effect from year to year. A few years of negative growth and it’s hard to catch up.

Recessions cause living standards to decline and longer to catch up. In the UK, financial austerity combined with horrible weather do not make for a pleasant living environment.

Once people hit bottom, they need some help in getting back up; otherwise, they will stay down there for good. That’s why, during recessions, social services, education and training are even more important.

To me, the test of leadership is quickly expanding government programs during recessions and scaling back spending during good economic times. The US leadership did that very well during the prosperous late 1990s; and the government enjoyed surpluses which should have been “saved-up” for the future.

[briansd1]

[quote=CA renter]
No matter what, we’re going to have to pay for the excesses and misallocations of the past few decades. Might as well get it over with as quickly as possible. The first one to cleanse will be the first one to prosper when the time is right, IMHO.[/quote]

Yes, we’ll pay for the past excesses.

However, remember that economic growth has a compounding effect from year to year. A few years of negative growth and it’s hard to catch up.

Recessions cause living standards to decline and longer to catch up. In the UK, financial austerity combined with horrible weather do not make for a pleasant living environment.

Once people hit bottom, they need some help in getting back up; otherwise, they will stay down there for good. That’s why, during recessions, social services, education and training are even more important.

To me, the test of leadership is quickly expanding government programs during recessions and scaling back spending during good economic times. The US leadership did that very well during the prosperous late 1990s; and the government enjoyed surpluses which should have been “saved-up” for the future.

[briansd1]

[quote=CA renter]
No matter what, we’re going to have to pay for the excesses and misallocations of the past few decades. Might as well get it over with as quickly as possible. The first one to cleanse will be the first one to prosper when the time is right, IMHO.[/quote]

Yes, we’ll pay for the past excesses.

However, remember that economic growth has a compounding effect from year to year. A few years of negative growth and it’s hard to catch up.

Recessions cause living standards to decline and longer to catch up. In the UK, financial austerity combined with horrible weather do not make for a pleasant living environment.

Once people hit bottom, they need some help in getting back up; otherwise, they will stay down there for good. That’s why, during recessions, social services, education and training are even more important.

To me, the test of leadership is quickly expanding government programs during recessions and scaling back spending during good economic times. The US leadership did that very well during the prosperous late 1990s; and the government enjoyed surpluses which should have been “saved-up” for the future.

[briansd1]

[quote=CA renter]
No matter what, we’re going to have to pay for the excesses and misallocations of the past few decades. Might as well get it over with as quickly as possible. The first one to cleanse will be the first one to prosper when the time is right, IMHO.[/quote]

Yes, we’ll pay for the past excesses.

However, remember that economic growth has a compounding effect from year to year. A few years of negative growth and it’s hard to catch up.

Recessions cause living standards to decline and longer to catch up. In the UK, financial austerity combined with horrible weather do not make for a pleasant living environment.

Once people hit bottom, they need some help in getting back up; otherwise, they will stay down there for good. That’s why, during recessions, social services, education and training are even more important.

To me, the test of leadership is quickly expanding government programs during recessions and scaling back spending during good economic times. The US leadership did that very well during the prosperous late 1990s; and the government enjoyed surpluses which should have been “saved-up” for the future.

[briansd1]

[quote=CA renter]
No matter what, we’re going to have to pay for the excesses and misallocations of the past few decades. Might as well get it over with as quickly as possible. The first one to cleanse will be the first one to prosper when the time is right, IMHO.[/quote]

Yes, we’ll pay for the past excesses.

However, remember that economic growth has a compounding effect from year to year. A few years of negative growth and it’s hard to catch up.

Recessions cause living standards to decline and longer to catch up. In the UK, financial austerity combined with horrible weather do not make for a pleasant living environment.

Once people hit bottom, they need some help in getting back up; otherwise, they will stay down there for good. That’s why, during recessions, social services, education and training are even more important.

To me, the test of leadership is quickly expanding government programs during recessions and scaling back spending during good economic times. The US leadership did that very well during the prosperous late 1990s; and the government enjoyed surpluses which should have been “saved-up” for the future.

[Arraya]

[quote=Allan from Fallbrook]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

[/quote]

Very good critique of Keynesianism from a left perspective.

It appears officialdom is backed into a Keynesianism corner at this point. It’s print and take on more debt or fall into a deflationary spiral, IMO. Much like the oft-cited analogy of a drug addict at the end of a binge frantically seeking more and more drugs to get the same high.

It seems like it’s almost time to go into detox. What that will look like is a good question.

[Arraya]

[quote=Allan from Fallbrook]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

[/quote]

Very good critique of Keynesianism from a left perspective.

It appears officialdom is backed into a Keynesianism corner at this point. It’s print and take on more debt or fall into a deflationary spiral, IMO. Much like the oft-cited analogy of a drug addict at the end of a binge frantically seeking more and more drugs to get the same high.

It seems like it’s almost time to go into detox. What that will look like is a good question.

[Arraya]

[quote=Allan from Fallbrook]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

[/quote]

Very good critique of Keynesianism from a left perspective.

It appears officialdom is backed into a Keynesianism corner at this point. It’s print and take on more debt or fall into a deflationary spiral, IMO. Much like the oft-cited analogy of a drug addict at the end of a binge frantically seeking more and more drugs to get the same high.

It seems like it’s almost time to go into detox. What that will look like is a good question.

[Arraya]

[quote=Allan from Fallbrook]

Arraya: Good article from Socialist Appeal (UK) on “Does Keynesianism Work?”: http://www.socialist.net/keynesianism.htm

Oblique references to Marx’s theorizing on dialectical materialism, but overall a very balanced article, with its focus on UK policies dating back to the 1930s and their effects, both good and bad.

[/quote]

Very good critique of Keynesianism from a left perspective.

It appears officialdom is backed into a Keynesianism corner at this point. It’s print and take on more debt or fall into a deflationary spiral, IMO. Much like the oft-cited analogy of a drug addict at the end of a binge frantically seeking more and more drugs to get the same high.

It seems like it’s almost time to go into detox. What that will look like is a good question.

[Author]

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