Pre pre-budget part2, Public sector saved UK's private sector (08Dec09)

Part 2 of 2: On Newsnight Sir Gerry Robinson (businessman), Professor David Blanchflower (ex-Bank of England dork / Gordon Brown yes-man), and Lord (Nigel) Lawson (one time Tory chancellor in the 1980's), argue it out over the state of the UK's balance sheet, and what to do about the record breaking £2.5 Trillion deficit New Labour have run up.

Shockingly of all, the ex Bank of England monetary policy committee member states that the money draining public sector SAVED the money generating private sector. No, I can't work it out either, I wanted to throw a chair at my TV. How did the money sapping public sector save the shrinking money generating private sector? With people like the professor on the Bank of England monetary committee, no wonder the UK is in such a f'cked position.

Recorded from BBC Newsnight, 08 December 2009.

Category:

News & Politics

Tags:

• new
• labour
• pre
• budget
• statement
• what
• can
• government
• do
• cut
• cuts
• public sector
• saved
• private sector
• piblic
• private
• sector
• december
• 2009
• sir
• gerry
• robinson
• professor
• prof
• david
• blanchflower
• lord
• nigel
• lawson
• bank
• of
• england
• boe
• treasury

[MrLaughinggrass]

@pieaficionado yeah get schiffy in there



[eoinjg]

£2.5 trillion deficit? You are absolutely fucking retarded.

[optionsupdate]

has blanchflower been correct in the past on his economic analysis

[SirOneoneselfandone]

@arthur1411 You are not alone

[arthur1411]

Is it just me or does anyone else feel like smashing their monitor when that utter prick Blanchflower is on it?

[pieaficionado]

Where's Peter Schiff when you need him?

[coltrane1966]

It seems anyone can become a professor just look at the Blanchflower idiot!

[ED999A]

There we have it ladies and gentlemen an intellectual argument about economic growth that

has never existed since the industrial revolution, if memory services me right, and then it only benefited a few people.

This lot of pricks are discussing the keeping of the Status quo for the ruling bankrupt class.

So stop exporting our jobs get rid of the yes men and get rid of it cant be done people and get the UK working again with real wealth making jobs.

[britdog01]

Atleast our banks are in good shape, lmfao.

[sinclair61]

Another LG flatscreen bites the dust. At least the stressless armchair survived it practically unscathed!