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Johnson and a new deal

(172 Posts)
Whitewavemark2 Mon 29-Jun-20 12:38:58

If as has been hinted, by Cummings and a Johnson, that they are intending to launch a FDR type of economic new deal, I for one would be very open to the idea if the recovery and it’s policies were directed at the hardest hit, just as Roosevelt did in the 30s.

It means if they are indeed going to follow the plan it will mean a complete reversal of Tory economics since the Thatcher years.

It means that will recognise the importance of government spending as a driver to boost consumer demand.

It means that there will be government spending on large scale infrastructure to kick start a failing economy.

It means the implication of Keynesian Economic Policies - something some of us have been banging on about for years.

It means that it will concentrate on creating jobs, and those sectors hit the hardest.

I do hope that they are up to it as they don’t fill me with confidence at the moment.

I’m not sure how they will sell it to the right wing of the party, or indeed those people like we have on here who have for years rejected the notion, as “spending money we don’t have”
Although I am sure they will find a reason why suddenly Keynesian is the thing.

We will wait and watch.

Mamie Tue 30-Jun-20 17:22:09

Marina Hyde is brilliant.
www.theguardian.com/commentisfree/2020/jun/30/conservatives-cowboy-builders-boris-johnson

vegansrock Tue 30-Jun-20 17:22:19

I wonder if it is Tory donors who will be getting all these new building contracts.

MaizieD Tue 30-Jun-20 17:22:32

As a bit of light relief I'm sure some of you will enjoy Marina Hyde's take on the spaffer's speech this morning:

“We will double down on levelling up … We will invest … to fuel the animal spirits … We will not just bounce back, we will bounce forward.” Thus gibbered Boris Johnson this morning, sounding exactly like Franklin D Roosevelt shortly after the latter’s massive intracerebral haemorrhage...

www.theguardian.com/commentisfree/2020/jun/30/conservatives-cowboy-builders-boris-johnson

Who writes these inane speeches?

MaizieD Tue 30-Jun-20 17:23:09

Oooh Mamie Xpost grin

lemongrove Tue 30-Jun-20 17:23:38

Davidhs

If unemployment really does reach anything like 30% usefull work must be found, there are plenty of schools, hospitals and other infrastructure that need putting right. Not to mention inner city’s that need regenerating, this is going to be a big change in society.

Everyone will have to accept whatever work they are offered and that it is in the national interest, this is a big change and there will be some who will resist.

Some honesty is needed....for some posters on GN whatever either the Conservative Party or Boris Johnson did or said, it would always be dissed roundly.
I agree Davidhs and anything that will help the job market sounds good to me.

growstuff Tue 30-Jun-20 17:24:08

They're intended to sound inane - to cover up the nastiness of the real agenda.

GrannyGravy13 Tue 30-Jun-20 17:24:38

I think you would need a heart of stone not to realise that many many families are going to need extra support as we emerge from lockdown .

Investing in infrastructure is a start. Apparently the Government is also investing in more apprenticeships which can only be a good thing surely?

MaizieD Tue 30-Jun-20 17:25:26

Janpt

growstuff and so do we [have brains]. Difference is we use them.

Prove it, janpt

Whitewavemark2 Tue 30-Jun-20 17:25:30

Economist on BBC.

Dr. Linda Yueh said that we will need to plough between 5-7% of GDP into the economy in order to save our country. That is the sort of level that Roosevelt spent.

Johnson has a hell of a way to go.

growstuff Tue 30-Jun-20 17:26:05

That's not true lemongrove. I'm sure if I really thought hard, I could think of something good the Tories have done.

Got it! They increased Local Housing Allowance.

lemongrove Tue 30-Jun-20 17:28:50

GG13 I like the sound of increasing apprenticeships.?

Devorgilla Tue 30-Jun-20 17:29:25

trashier, you are on the right track there. First thing that came into my head when I heard it being announced. Yet more opportunities for those who have, to have even more. And no doubt at the taxpayers' expense eventually.
Grandad43, Blair and Brown put money into the NHS and schools and transformed both services during their time in office. I was both a teacher and inspector in London during those times and saw, year by year in my inspections, vast improvements in schools with both buildings and resources. You may not like how they funded it but the children benefited greatly from it - e.g. IT rooms with a full complement of up to date computers etc.

Whitewavemark2 Tue 30-Jun-20 17:29:59

lemongrove

GG13 I like the sound of increasing apprenticeships.?

Don’t we all

MaizieD Tue 30-Jun-20 17:30:10

I can think of something, too. They made it mandatory that children should be taught to read using structured synthetic phonics.

Apart from that, though.....

Janpt Tue 30-Jun-20 17:30:26

MaizieD I don't need to prove anything to you. I have already proved that I chose the winning party. It's time you all faced the facts.

lemongrove Tue 30-Jun-20 17:31:56

Whitewavemark2

lemongrove

GG13 I like the sound of increasing apprenticeships.?

Don’t we all

Well......that’s a good start.?

varian Tue 30-Jun-20 17:32:12

Nothing new and not a deal. But what would you expect from the Vote Leave No Deal Party?

MaizieD Tue 30-Jun-20 17:33:28

Choosing the winning party means absolutely zilch when it's the party that's bent on destroying the UK.

I really meant, post something intelligent...

lemongrove Tue 30-Jun-20 17:36:27

Destroying the UK? Have you eaten a magic mushroom omelette?

Jabberwok Tue 30-Jun-20 17:41:29

Why is it that left wingers, apart from Grandad, are so flipping rude all the time on a personal level, making normal conversation virtually impossible?!

MaizieD Tue 30-Jun-20 17:42:24

No lemon. I leave delusion to the Brexiters.

lemongrove Tue 30-Jun-20 17:44:29

Grandad1943

As a person who has always supported strong left-wing social policies, I will be overjoyed if such strategies come about to alleviate the worst employment effects of the Covid-19 crisis.

If those economic strategies and spending come from a Tory administration, so be it, I will still be overjoyed.

After all, Britain never did witness such policies being brought forward during the twelve years of the Blair administration. Therefore as a true left-wing socialist, I will gratefully accept such socialist actions from whatever political source they may emerge from.

Hear hear Grandad1943 ??????

Dinahmo Tue 30-Jun-20 17:52:16

Back to the New Deal. FDR's spending included large sums on armaments which I trust Johnson doesn't have plans to do. In 2019 the US spent 732 billion dollars whilst the UK spent 48.7 billion dollars.

Cummings seems to be very good with numbers. So many new plans get announced it's difficult to keep track. I suspect that some fall by the wayside without us noticing.

Davidhs Tue 30-Jun-20 17:52:20

“Who writes these inane speeches?“

Nobody does he ad libs the whole time, I thought today’s effort was the worst yet.

GGumteenth Tue 30-Jun-20 17:55:07

GrannyGravy13

I think you would need a heart of stone not to realise that many many families are going to need extra support as we emerge from lockdown .

Investing in infrastructure is a start. Apparently the Government is also investing in more apprenticeships which can only be a good thing surely?

That will be interesting then as they have had little success with apprenticeships so far and … the government hasn't invested in them. They have extracted a levy from companies. If companies take people on as apprenticeships they can draw down on this to pay for the training. If they don't take on an apprentice and use the training available then the government takes a sliver of that years levy. The next year it takes another sliver and so on. It is in the governments interest that the companies don't take on/train apprentices.

It would make sense if it went on to provide training for companies to small to pay the levy but the government has been grinding Further Education Colleges into the ground for the last 10 years.