Oops trying to concentrate on some thing else and make a balls up . Was going on to say the Banks and the establishment also knew that austerity wasn't the answer as the collapse in the 1930s proved this The top economist knew this and were saying so .Salmond, who is also an economist was saying so .We should have used the Billions thrown at the banks to implement a strategy in getting the country working and investing in a host of projects . It was an ideological decision rather than one based on sound financial judgment, and certainly the working class man /woman weren't taken into consideration at all. We could have become the manufacturing country which we once were instead of a third rate Service industry, and economy with a race to the bottom with regards to low wages.
We are possibly on the cusp of another financial downturn although the Banks are still carrying on as before and it seems they never learned any lessons at all from the crash .
It really wasn't rocket science, just greedy bankers and their right wing friends in the Tory party and press who decided the pathway and the stupid Labour party had neither the guts or sense to fight against it. And it looks like Osborne's policies are still failing, although we might be creating jobs it's the caliber of job and the wages that are obviously keeping the country back. AS mentioned before with the 2 million jobs created one would expect a thriving economy, and it certainly doesn't seem that way to the majority of people, and many economist were forecasting this and now the OECD are just catching up.
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