F D Johnson

WindyNook

Well-known member
#1
So Bojo is going to reinvigorate the British economy by spending £5 billion over the next 10 years. He likens it to FDR's new deal in the 1930s.
A couple of problems
1 Not all of this is "new" money
2 The USA spent 50 billion dollars between 1933-40
That's the equivalent of 50 trillion now

This is another one of Johnson's wiff waffs a pathetic attempt at being the caring Tory
Yet a lot of the suckers will fall for it
 

EI_Owen

Well-known member
#4
I think he’s come up with some amazing ideas, more housing, less red tape, speedier broadband, great rail links, training for young people, low unemployment, we’ll have a far more efficient Britain, a world leader in science and the arts.
 

Chris_Boro

Well-known member
#5
The PM's speech was an announcement of previous failed policies rehashed into a smaller underfunded promises that have no measure on success.

It's entire purpose is to be used to answer criticisms with "but look what we have just announced".
 

Wilf

Well-known member
#9
I heard it on the BBC radio, sounds to me like his laying down the foundation for a break up of the UK.

This money his spending, is UK taxpayers money and it should be spent - Scotland, Wales & NI have contributed to that pot.

todays announcement is for England only.
 
#10
Couple of things:-

1) The US actually went back into recession following FDR's New Deal
2) Some of the things that they're touting were dismissed as "communism" or "crazy" when the Labour party came up with them previously
 

Soutra

Active member
#11
Couple of things:-

1) The US actually went back into recession following FDR's New Deal
2) Some of the things that they're touting were dismissed as "communism" or "crazy" when the Labour party came up with them previously

The New Deal was a series of reforms from 1933 until (about) 1939, but a lot of the spending was committed until the 1960s, so the effects were felt for at least 30 years afterwards. Whether the US slipped into recession or not isn't that important - Europe was slipping into war by 1939, so you'd expect that the US would be adversely affected by that anyway. What the New Deal did do was to give jobs to the unemployed, to reform the financial system so that future recessions wouldn't be so damaging, and to boost the economy back to pre depression levels. It pretty much did all of that.

Economists argue about whether the money could have been better spent, but as a quickly implemented program of reform it was pretty effective. The New Deal created lots of infrastructure that is still good today - the Hoover Dam, Highways, hospitals, schools, airports, public facilities like Jones Beach and food stamps.
 

hopesoboro

Well-known member
#12
So Bojo is going to reinvigorate the British economy by spending £5 billion over the next 10 years. He likens it to FDR's new deal in the 1930s.
A couple of problems
1 Not all of this is "new" money
2 The USA spent 50 billion dollars between 1933-40
That's the equivalent of 50 trillion now

This is another one of Johnson's wiff waffs a pathetic attempt at being the caring Tory
Yet a lot of the suckers will fall for it
Who put that effing 🍌 there!
 

WindyNook

Well-known member
#13
There are two ways this could go and perhaps both may happen.
The instant tv appeal of Bojo will score with a large percentage of the population
But when the piddly amount of money is allocated and spent over 10 years then I think the change will be minimal and they will be found out.

Then we've got the bonus of the Brexit recession to come .....don't we have fun
 

EI_Owen

Well-known member
#14
If this project speed is as successful as Johnson hopes, the building sites will be full of re-trained air hostesses and science labs will be staffed by ex-waiters and baristas.
 
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