Well I might as well get this ball rolling, everyone needs to start somewhere the government has once again been forced to offer money to the banks in order to get this current economic mess we are in cleared up. Combine this with the fact that the bank started printing money on Thursday together with a flat cut in interest rates to a point blank low of 0.5 per cent, the government is beginning to run out options that it can do. Some of my friends at university believe that this economic crisis will get better soon, i can hope with them but right now i am not so sure.
The problem with economics is that it is difficult to predict, Gordon Brown said some years ago (2000 i think) that the days of boom and bust are over. He was wrong then, This week while addressing both Houses of Congress he again proclaimed that there would be two decades of growth after this current recession. Well yes, there will be growth after this recession but two decades remains to be seen, he may be right but given the extreme nature of economics in three months from now we might be out of the recession and into two years of growth before we head into another recession, you might as well predict the lottery numbers for tonight.
What does the country think currently? well looking at the opinion polls we are looking at a swing from the Labour Party to the Conservatives, with the Conservatives averaging at about 43% in the polls, which put into numbers grants us a 60+ Majority in the House of Commons. Put in perspective that is about the number of Seats the Labour Government right now holds, so it will be interesting to see what happens once we get to a general election.
Talking of Elections, we have the European ones coming up so it will be interesting too see what the result of those are. As for a General Election, there will be one in the next 12 months it is just a matter of when.
Anyway, enough musing on what ifs in regards to the elections time to get back to work
Until Next time
An interesting thing to note is that opinion polls are an exact way of guessing. As long as you don't ask every voter you won't get an accurate view - especially in these times. The most recent US presidential election has been showing us well how people who do have the balls to call themselves the best team covering the elections have stunningly failed to predict a lot of things.
ReplyDeletePartially this is because we're dealing with big issues. As long as election day isn't around the corner, people are very easy to manipulate by media and a lot of them just will simply go with whatever wind may or may not be blowing at the time. 'Who would you vote for?' is a question that leaves absolutely no pressure to think through, as opposed to 'who are you voting for?' and that's coming back in polls.
There's also the chance of something odd/spectacular/something that's small but the media will blow it way out of proportion anyway happening that will swing moods entirely.
I think you're well aware of all this. However seeing as you're accusing Brown of practising the equivalent of predicting lottery numbers, I'm reading this blog and ask you how you are doing anything different.
With all due respect of course.