GLOBAL FINANCIAL CRISIS

My Opinion:     It would be appreciated if Mr Cameron not giving a Pantomime performance to entertain his Party at PMQ. He done it in the last five years when questioned about the economy where asked. Mr Corbyn also requested it and Mr Cameron agreed. 

He still did  it in last Wednesday PMQ when Mr Corbyn questioned him about the slow reaction to floods. All Mr Corbyn received a Pantomime performance. His 92 advisers should point out how childish he looks. As Mr Corbyn pointed out that PMQ is there to solve problems or get answers and not clowning around instead giving a proper answer which he has not got

A Global Financial Crisis has hit the stock market again.

The last one was in 2008 was called a Credit Crunch but after a time it emerged that top financiers have pulled the plug. The Labour Prime Minister Gordon Brown managed to bring the country back from minus 2.8 percent to plus 0,6 percent GDP within a year and then lost the election in 2010 to the Tories  When they took over the GDP stood at one per cent which vanished within two months.

Despite having two recessions and nearly missed the third the Prime Minister David Cameron continued to blame Labour for the debts and the Credit Crunch knowing fully well it was global and started in the USA.

The accusation Mr Cameron kept repeating it over the full five years in office. Yet, during five years the Tory increased the debts by £500billion, had two recessions and had UK’s credit rating reduced despite cuts and austerity with a promise to bring the deficit down.

Mr Cameron even pointed the finger at Labour during the General Election in 2015 and blamed them for the bad economy even so he was in office since 2010.

Due to the smears and wrong accusation Labour lost the election and Mr Cameron  promised the voters an improvement in the economy.  It must have been a major factor in Labour losing the election.

However, ever since the Tories were elected, as a majority, the FTSE shows mostly a minus and so far, since May 2015, it lost 1,500 on its share value.

Mr Cameron stopped hammering the Labour and turned his blame on Europe.

Now, two days ago, the Global Stock market went into an overall downward spin and it lost $37billion in one day.

Mr Cameron is now haunted by his own words from the General Election. Let’s see if he does better than Gordon Brown whom he kept ridiculing constantly, plus the Labour Party.

Mr Cameron and Chancellor George Osborne have nothing to offer to improve the economy but still insist on austerity.

It is obvious to anyone, even the plebs that austerity only brings the economy down. Despite the Government already run the general public into the ground and over one million people using food banks they still continue to introduce a £12billion Welfare cut plus £16billion Public Service cut on top of it all.

The austerity already shows in the economy because manufacturers slowing down production on account of lower demand for goods.  With further cuts it will almost grind to a standstill like at the end of Thatcher reign.

It is unbelievable that a Prime Minister and Chancellor can not see that?  It will increase more unemployment and more demand for benefits with no production of goods.

Again the voters fell for the Tories smear, lies and false promises.  Even without the Global Crisis which could not have been foreseen they bringing the people even further down to starvation and homelessness.

In May 2016 there is the local election and it is hoped that voters will vote and win Labour, this time, the right party who cares for the people and not for their own pocket only.

In the last three years the multi-millionaires and multi-billionaires have doubled and trebled while the same people have brought the general public down to starvation and relying on food banks. None of those rich ones pay a penny of tax into the country. They certainly are all in this together.

That is the Tory Government for you which in my opinion won a doubtful election. No way had the majority of people voted for the Tories after being already brought down to the lowest level in the last five years.