@D_Blanchflower @campbellclaret Aside from the fat many pointed out housing lending caused problems, there are always unexpected crashes
perm sec to Treasury my pal Nick Macpherson, argues 2008 fin crisis nothing to do with Labour so contradicting Torieshttp://gu.com/p/48472/stw
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@D_Blanchflower@campbellclaret which is why you run a slight surplus into them so the deficit isn't so big when you have to deal with it. -
@BenedictMPWhite@D_Blanchflower@campbellclaret deficit smaller than under Tories Einstein -
@teddym54@D_Blanchflower@campbellclaret Did you mean debt rather than deficit? If so read about economics. -
@BenedictMPWhite I meant deficit I know the difference, apart from the crash which had nothing to do with labour,pic.twitter.com/tG3etYcoFK
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@teddym54 I'm looking at your graph with a massive negative red spike larger than anything since WW2 and wondering how that is lower than 97 -
@BenedictMPWhite the deficit was increased to save the banks, to save ppls saving and stop our econ going into a spiral, by 2010 it was grw -
@teddym54 No, the banks were not bailed out from the deficit because of the way the balance sheet was fiddled with, & it happened in 2008 - 29 more replies
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@D_Blanchflower@campbellclaret Oh, and while I'm at it, what happened to the unemployment you predicted you economic genius? -
@BenedictMPWhite@campbellclaret ok when exactly was the monetary stimulus removed? duh -
@D_Blanchflower@campbellclaret QE hasn't been reversed. Are you saying that is what has caused your predictions to be rubbish?
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Bit of a blow for Tory mythology about 2008 financial crash from top Treasury civil servant http://gu.com/p/48472/stw via
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@RichardBurdenMP:blow for Tory myth re 2008 financial crash http://gu.com/p/48472/stw via@D_Blanchflower” Tories=#globaleconomiccrashdeniers
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@D_Blanchflower Yes, anyone in the know knows this, but those not in the know are easily misled: Great poster!#Ed4PMpic.twitter.com/L5LGmbCitv
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@rayne_ea@D_Blanchflower I thought EVERYONE knew this.... -
@StarSparkle_UK@rayne_ea@D_Blanchflower engineered "crisis" that gave looting the people under the guise of austerity a legal legitimacy? -
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@TruthSite@rayne_ea@D_Blanchflower The crisis of 2008 is looking more and more like that. An excuse to transfer all wealth to the 1% -
@StarSparkle_UK@rayne_ea@D_Blanchflower it was, money didnt get lost, it just went from bankers left pocket to the right pocket - 1 more reply
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@D_Blanchflower@ChrisDaleRogers yes it was a b crisis.but who was respons for dereg, fraternising with finance? Blame debate getting silly -
@georgemagnus1@D_Blanchflower@ChrisDaleRogers NOT a silly at all. Cameron, inept & a liar, has been trying to misrepresent the 2008 facts. -
@rayne_ea@D_Blanchflower@ChrisDaleRogers politicians incl not only the PM btw, misrepresenting facts? Perish the thought.
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