BrainKing - Discussion boards (Politics)

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Politics

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14. October 2009, 14:53:05

Mort

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Subject: Re:how come you never or very rarely see these ppl without the latest designer gear pulling up to the signing on offices in there cars

Snoopy: *sigh* it's a matter of economics, something I studied at school.... the economic system her government used is in economics known as a 'boom and bust' system. It makes things look good and great for a while until the bubble bursts. Granted Labour had made some rubbish decisions, but her government did not fix the problems, just used a fresh coat of paint to cover up the cracks and holes.

Basically the same as has happened now with the current recession worldwide.

And realistically the unions had a lot to do with Labour's mess, as I said she sorted that out thankfully re the coal strikes. But as such uncontrolled lending (as did happen in her time) went BANG.