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  • "
    rufus100 wrote:
    ah! Connected to the wrong people?
    And who is Red Ed connected to?
    And, what decisions did he make when in Government?
    And where did they get us?
    And does he know many other countries have economic problems...?
    And why doesn't he propose what he thinks would be good?
    Economic leadership? Tell us where we have gone wrong, Ed! Oh, oops, we went wrong under TB/GB/EBx2!!
    We can forget even recent history (2years), all too quickly.
    We shall live with TB/GB/EBx2 legacy for many years.......

    Why do journalists write this rubbish? Its not worth the paper its written on, nor the time and strain on one's eyes to read it!!
    When the banking crisis led to recession the then Labour government rightly took action to save the banking sector. They were then put in a position in which to protect jobs they had to spend more. These were correct economic decisions at the time. Labour knew they had to cut the deficit but to do so immediately was likely to lead to a second recession and quite possibly an economic depression.
    As a result of Alastair Darling's plan a certain amount of growth had already come back and unemployment had fallen.
    In Feb 2010 more than 60 senior economists signed open letters backing Alastair Darling’s decision to delay government spending cuts until 2011. The letters said that any measures to trim the budget deficit earlier could pull the country back into recession.
    The Labour plan was to "halve the deficit over the next four years - indeed, more than halve it," said Labour.
    The Conservatives called for more radical, earlier action and said their approach had widespread support.
    "There are leading economists who support the Conservative position and, more importantly, there are also leading business organisations and entrepreneurs - people like Richard Branson - who know more about creating jobs than the entire Labour cabinet put together," said shadow chancellor George Osborne at the time.
    Obviously, we dont know if Darling's plan would have left us better off than we are - but we do know that Osbourne's drastic early austerity plan catastrophically failed. The economy is in a mess and ordinary people are losing their jobs now as a result.
    Hopefully, in 2015 the Tory toffs on the front bench will also be told 'your services are no longer required'."
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Cameron is tainted PM says Miliband

Labour party leader Ed Miliband claims PM David Cameron is 'tainted' Labour party leader Ed Miliband claims PM David Cameron is 'tainted'

Ed Miliband has branded David Cameron a "tainted prime minister" whose failure to stand up to the rich and powerful makes him unable to deliver the change which Britain needs.

Describing the Conservatives as "part of the problem", Mr Miliband said the UK's return to recession has shown Mr Cameron and his party to be tied to a set of outdated and ineffective economic, social and political orthodoxies which are "crumbling before our eyes".

As the prime minister prepares to attend the G20 summit in Mexico, Mr Miliband said the world needs new economic leadership to deliver a global plan for jobs and growth.

He seized on evidence from the Leveson Inquiry of Mr Cameron's close links with senior figures at News International, arguing that it shows him to be someone who stands up for "the wrong people".

In a speech to Labour's National Policy Forum in Birmingham, Mr Miliband said his party's task is to "rebuild Britain" so it works for everyone, and not just a powerful and privileged few.

Describing the next steps in Labour's policy review, Mr Miliband said it will focus on three themes: rebuilding the economy, rebuilding society and rebuilding politics.

He set out his "vision for our future economy", where companies would be regarded as a shared project between workers, management, shareholders and customers, with reduced pay inequality and an end to poverty wages.

Mr Miliband said he wants to create a more equal society, built on "care, compassion and real reciprocity, not just on money, market and exchange".

Labour must restore confidence in politics by "standing up for the many against the interests of the few, however powerful they are", he told his party. He added: "The scale of the crisis we face is enormous."

Conservative Party Deputy Chairman Michael Fallon said: "Ed Miliband was a central figure in Gordon Brown's old team that was known for briefing against a sitting Prime Minister, abusive behaviour and negative spin. Labour were just as close to the Murdochs and to try to score cheap points on this issue is rank hypocrisy."

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