Jeremy Corbyn Elected

Not exactly the searing far left out and out communist

Many of his policies are supported by those other well known communists Merkel and Obama so we can be satisfied that his extremism is out of a solid stable.

Pleased to hear of some of his advisors like Pickerty - excellent!!

Not exactly ? not at all, did you hear an interview on the beeb with a spokesman from the CBI ? He thought it wrong to speak of companies who dodge paying tax by name !

Idiot. Name and shame I say!

Same here. I watched it. Brilliant.
I want to know now what they are going to do about the steel industry on Teesside.
This country is being flooded with cheap imported steel from China, and Osborne is over there begging China to come and make our railways and power stations. How could the government do this?
Rotherham will be next.
Northern powerhouse? What a laugh.

France, Germany and Italy have all taken action to protect their industries.
Why can't we? They are in Europe as well.

200bn to the Chinese it is scandalous. Chinese engineers - what is wrong with our engineers? Owned by the French I can't believe what he is doing. Wrong type of reactor according to Greens, who by the way support nuclear.
How safe will the reactors be?
Thank goodness for some sanity in the form of McDonnell at least we will own are own railway and utilities eventually.

A hundred years since Keir Hardie died. I wonder what he would have thought.
France will not use the reactors because they are not thought to be safe, but they'll build them here, with the help of the Chinese.
Anyone with EDF want to object? Change your supplier and tell them why.

www.theguardian.com/politics/2015/sep/28/labour-biggest-public-housebuilding-drive-since-1970s

How to kill the bedroom tax.

Anyone see the man on the news who said that McConnell's speech was the best chancellor's speech he'd heard since 1947?

Yes I did jen, I think Hardie would have been pleased to see the party he founded returning to socialism

Well I have just had the opportunity to watch McDonnells speach.

Where was the policy , where was PQE. Will the Robin Hood tax come into force unilaterally?

All I heard was Labour will debate, listen , discuss engage with the likes of Pickerty etc. etc. (no mention of Murphy, anything to read into that). For every 1000 economists McDonnell will find another 1000 who will argue they are wrong.

I didn't get to know how Labour will fund, source their policies but perhaps it is a bit unfair to expect too much detail so early on. I will watch with interest.

Yes it was a good speech wasn't it pogs?, and as you rightly said and probably recognised policy will be formulated in the future months as consultation and debate with the Labour Party.
Q E? This is used as a tool of government in time of recession. I posted this explanation a couple of weeks or so ago. Governments have other tools they can turn to prior to that like government bonds etc. All governments have used qe the last recession. QE will not take priority unless another recession hits us, something of a danger given China's woes and our unstable growth based once again on property price rise and consumer debt. Next time though the "printed" money will not be given to disappear into the bankers coffers which was a somewhat sterile operation, but instead be used to invest in new infrastructure, like new hospitals, new bridges, roads etc. The result of this will be to provide construction companies, architects, etc with business, the knock on effect will be money into the economy, greater employment etc. The debt which will be incurred by the government, will gradually be paid down, as the tax receipt from the extra economic activity increase.

Robin Hood tax? Well that well known extreme left wing German Chancellor is a strong exponent. This is generally a tax of 1000th of each transaction, and it is calculated to raise 30bn pa. A useful amount to help with our debt.
This will be consulted on and formulated, in conjunction with people like Merkel, and yess, if it is accepted then it will form part of Labour Policy.

Consultation with the likes of the French Academic, a Bank of England consultant etc, happens with all governments. You surely don't imagine that Osborne hasn't done the same!!!! Don't read anything into Murphy not being mentioned, only the new people were brought to our notice.

I do hope that people everywhere with a leftist 'bent' won't get too comfortable and excited by all the socialist hot air and promises, because it won't ever happen.The best they can expect is that a future Labour Leader
Which won't be Corbyn, as he will never make PM, will take them in a slightly more left leaning direction.Only slightly, mind, or they will never get back into power.So, it doesn't really matter what is promised, debated, etc in Conference or the next few years, beacause they are not likely to win a GE if things carry on as they are now.I think, from reading a lot of threads on here,that all but a very few Gnetters, already know this in their hearts.

Yes rose it will definately be a huge fight to get the ideas into the mainstream. The real joke is that for much of the post war it was exactly that, and was responsible the enormous growth in the 50s and 60 s.
It would also be interesting to hear what you think about JMs speech.

I was interested to hear this morning. The head of Lloyds of London has stated that business gobally has been totally irresponsible with regard to corruption, backhanders, overblown renumeration etc and has almost solely contributed to the growing gap in wealth. He recognises that this is contributing to the growing reaction to this problem by the man in the street, and strongly advises that this be addressed by business.

JC the Zeitgeist is with you

This is what Murphy was doing yesterday. I saw him being interviewed.

www.taxresearch.org.uk/Blog/2015/09/29/reframing-the-instruments-of-economic-governance/

Read into it what you will.

www.taxresearch.org.uk/Blog/2015/09/29/why-corbynomics-is-good-for-big-business/

By Richard Murphy.

secure.avaaz.org/en/stop_saudi_beheadings_loc/?bkHcnjb&v=65557

This is the man Corbyn mentioned in his speech, and asked Cameron to try and stop it.

Thank for the links Jen.

Whitewave
Merkel is right wing, always has been. She herself came from a communist country and was never a member. I get the feeling that you use the word communist to insult people, I wouldn't think that Obama is a communist either. I think you have some serious political history reading to do.

JC came across as the old backbencher which he still is. Others will have to make the decisions for him and he can then stay in the background and let the other take the abuse.- And of course he will always be ready to talk to them and debate.

margaret I must ask you and this is not meant unkindly, but are you German? Only if so you may have difficulty in understand British irony and humour!

I do know that neither Merkel or Obama are not communist and my using the word communist was not an insult. Oh dear it is so difficult to explain!!! Actually this is a really good example of the difficulty in understanding other people's culture.

Oh double negative there just to confuse you even more! Sorry! DH keeps talking and I lose concentration.

Obama almost a communist? if that word comes out in the USA you are for the chop!
Some of them even thought Blair was a communist ( because he claimed to be a socialist at one time.)

Don't confuse Margaret

I found it very difficult today to explain about Obama to my grandson. He thinks in terms of goodies and baddies, but he read that Obama was talking to Putin, who has been classified by many as a baddy.
Then Obama is going to bomb Syria even more. But he shouldn't say that as he is a goody.
And now, with Putin bombing Syria, but in the wrong place as there are no IS there, goodies and baddies are getting really confusing.

Impossible to explain that it's possible to bomb people without there being a country, as they are all over the middle east.

At least Labour are goodies as they've said they will not escalate their involvement without UN agreement, even the ones who want to bomb Syria, i.e. the Blairites.