Will Hutton, print print print, spend spend spend (22Sept11)

Economic idiot Will Hutton says that the UK should print more money (Quantitative Easing), and spend spend spend on stuff like building infrastructure. The fact that the 1930's infrastructure building projects in the USA was used as "evidence" it works is worse than a joke.

The ONLY think that got the USA out of their depression was World War 2.

The female guest on this video clip was no better, also wanting to have QE, the thing that is crippling the US, UK, and European countries. We are repeating the EXACT same mistakes the Japanese did, which kept them in a 10 year recession.

The private sector is paying a terrible price for Labour buying Labour votes with a massively expanded public sector, and borrowing money "in the good times", without saving a single penny for any bad times.

Recorded from BBC Breakfast, 22 September 2011.

Category:

News & Politics

Tags:

• will
• hutton
• work
• foundation
• print
• money
• qe
• quantitative
• easing
• spend
• spending
• calital
• projects
• infrastructure
• growth
• public
• sector
• expansion
• bbc
• breakfast
• 22
• september
• 2011

[codownni]

Ed balls is such a cunt it's unbearable.

[Caligula0708]

"everybody knows that" (will hutton near the end) A phrase used eternally by the hopelessly ignorant.

[HumanSayNo]

Ed's balls

[codownni]

@pieaficionado

Excuse my language however; I genuinely hate him.

[pieaficionado]

couldn't have put it better myself

[aerozeppelin2]

Once again all we ever hear is this argument on the bloody BBC.

Nevermind we spent 5% more than last year - the narrative they present sticks. The problem the World has is of a sovereign debt crisis yet these muppets want us to spent and borrow more as a result.

It's this mentality that saw labour engineer growth prior to the election by flooding liquidity into the market in the process increasing the deficit tenfold. So any reductions in this growth of debt are considered cuts..... madness

[ukipwarrior]

Say hello to Zimbabwe school of economics if it doesn't work, print money...still not working?? print more money...still not working??? You get the picture.

[CelticReject]

What a cunt. And he's not much better either.

[skeletorphd]

Can somebody explain how building a roads when we already have them will help when people don't have money to put petrol in their cars to use them.

[levenbrown]

Low interest rates can only go one way Mr Hutton.

Now is not the time to needlessly borrow more to needlessly employ people to 'build' what are essentially monuments to failure for no net gain. You cannot borrow your way out of debt - fact.

Britain has had a bloated public sector for decades. Small, libertarian government that spends less than it earns and that treats its people like grown ups and allows the private sector to flourish is good for everyone - including the government.

[PHONEYPOLITICS]

what a bunch of tossers just where do the bbc findf them, oh yeah oxbridge.