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.

ECONOMY SLAMS FROM 0.6%TO 0.3% GDP - Updated 8 April, 2016

Now we have the worst deficit since the 1950 thanks to the Tories' devastating policies.

UPDATE:  30 Sept., 2015 --  How could any one belief all those smears and lies about Labour's bad economy? Ever since the Tory's economy shows nothing but downward figures. So far the FTSE lost over 1,500 share value since May. Cameron brought nothing to the table but smears and lies about the Labour Party. He would not even disclosed where the £12billion cuts would be. That is how he treated the voters and yet they voted for the Tories or did they?  It is unbelievable.

DAVID CAMERON WITH TWO BAGS
UNDER HIS EYES
AT CHASE FARM HOSPITAL,
ENFIELD, HE PROMISED
NOT TO CLOSE DOWN THE A&E
BUT HE SOON DID
TOP RIGHT NICK DE BOIS
CONSERVATIVE MP FOR 
ENFIELD NORTH

At long last the truth is out and it shows the  real fact of the economy. The Tory-led government has to end their spins of economy recovery.

In the first three months of 2015 the GDP slammed from  0.6 per cent to 0.3 per cent, the lowest since 2012, and proves what had been said all along. As long as there is austerity and constant cuts to benefits and wages capped there cannot be an improved economy. Anyone with common sense can figure that out. Yet the great mathematician Chancellor George Osborne promised another £25billion cuts to the nation half of it on starvation.

Another lie is the unemployment figures falling. Margaret Thatcher already was the master of trying to hoodwing the public by fiddling the books of unemployment. Even with the Tory's invention of zero-hours-contracts which takes the person off the unemployment list but does not guarantee employment. According to reports people were forced into it by threatening all the benefits being cut, not only the unemployment benefit or as it is now termed "Job seeking allowances".

No matter how loyal or not you are to the party but the fact remains that the chart of the Office of the National Statistics are the true picture. How can Cameron and his disciples forever point at the Labour Party's economic. The Tories had no "Credit Crash" which Global, not Labour invented, and no banks to bail out and yet, despite of it all they never went above 0.6 percent while the Labour Party ended with 1 per cent, which soon vanished. They also slammed twice into a recession in 2012.  While Gordon Brown,ex-Premier Minister brought the economy back within a year from -2.5 per cent to +0.5 per cent GDP.

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Cameron as a great vote winner promised to let the people buy their council houses. Another idea already used by Margaret Thatcher. She won the vote but the people lost their jobs because she destroyed most of the major industries. People could not pay their mortgages because they lost their jobs, lost their hard saved deposits and their home.

Cameron seems to lose more and more control in TV interviews.  He could not answer the question about the minimum wage. It was forgivable not knowing the price of bread, previously, but not to know the minimum wage is unforgivable as a Prime Minister campaigning for re-election. Yesterday, at a visit to Enfield he named the General Election Day as 9 May but quickly corrected it to 7 May.  It is also notable that he looks more and more exhausted with, by now, two bags under his eyes.  Let us face the fact his team is preparing it all and he only stands and gives the speech.  Yes he has to learn the speech before that; but it makes you wonder how much work he does normally to look all fresh and straight faced?

If I got my opinion all wrong I do apologise.

STARVATION AND PEOPLE LIVING IN CAVES CAMERON'S ECONOMY IMPROVEMENT

The result of the previous Tory-led Coalition Government. Now they will do more to the poor and vulnerable after winning GE2015 as a majority while they fill their pockets. After April, 2017 there will be the impact of £12billion Welfare Cuts come into effect on top of all the hardship death and suicides already. It is so cruel.

HOMELESS PEOPLE LIVING 
IN CAVES IN STOCKPORT

PM David Cameron is on his round campaigning for the next General Election on 7 May, 2015. He is trying to convince people that the economy has improved. Well no need to tell the people in Richmond, London because for them the economy has improved. Take your friends the Chancellor George Osborne and Ian Duncan Smith, head of the Department of Work and Pensions, and go to the Midlands or up North and tell the people who have lost their accommodation. They are for the first time since the Victorian Age live in CAVES again. Yes, you read right in caves and old air shelters.  At least they are covered from wind and weather instead on the street. 

EVERY  11  MINUTES  A  FAMILY  IS  MADE  HOMELESS  DUE  TO  TORIES'  GREAT POLITICS

This is the ultimate disgrace to this Government.

STATISTIC OF JOBS GROWTH

Tell them that there is no “Living Crisis” as you always insist and face for the first time in your live how other people have to live because of your Mr Osborne’s and Mr Smith’s action.  When you go up to Greater Manchester  you will not have the courage to face these people living in caves in Stockport because even you and your two great friends might get in your conscience a slight twitch. Do not get worried it will not be a lot.  Tell your friend Ian Duncan Smith to pay another £44million bonus out or even more this year to his staff while these people have to live in caves and the full blow of the winter weather has not even started.

Another thought;  why not join them for a night or two than you would really know  what it is to be down on your luck and what it is about the “living crisis”. You will be surprise about the different outlook you will be getting. Some of them lived there for the last 18 months.

These people are down on their luck because of your and your two partners’ reform of benefit and its sanction which caused rent arrears. By now some of them suffer of diseases which were widespread during Victorian’s time such as trench foot.

As Cameron also stated that he thinks they are on the right road and will go on like that.  Chancellor George Osborne already promised further cuts and deeper.  Already a cash strapped council will close more hostels which are funded by them.  As the Manchester Evening News pointed out that the cause of the problem is insecure jobs, benefit changes and funding cut which increased even further.

How does Cameron come to the conclusion that the people have now full time jobs? Where on earth does he live? He might fiddle the unemployment figures like Margaret Thatcher did but it does not white wash the fact that there is high unemployment.  The South is always faring better but the Midlands and North the situation is very grim.

Wellspring Centre in Stockport states that the rough sleepers increased by 60 per cent.  One man is a fine example. He had been “sanctioned” seven times in a row in other words he could not pay the rent and he lost his flat. Now he can not get another one because of his rent arrears.  What do you say to that Mr Ian Duncan Smith when you dole out £44million bonuses or more to yourself, already highly paid, and your staff? Speaking about DWP’s bonuses where did I D Smith get is from? By no he made a total mess of it; so much so that he wanted to be excluded from the Autumn Budget.  This money is all from the working taxpayers and supposed to be there to be distributed to the needy. He had no right to cream off £44million and pay it out as bonuses in addition to him and his well paid staff while people are starving or commit suicide.  Yet, Cameron does not lift a finger to stop this racket.

Boot Centre, chief executive, Amanda Croome said: “We are seeing a lot more people with benefit problem, which leads to rent debts and housing benefits. This means food provision is increasing, so we see a lot more people who are dependent on the breakfast we serve. Whereas, before, most homeless people had benefit, now they have nothing.”

Yes, Mr Cameron do not forget to take Mr Osborne and Mr Ian Duncan Smith with you when you go to the Midland and up North so he can see what he has done.  He would not have the courage to face them and with it face reality what he has done.

Under the first wave of council cuts the Greater Manchester police’s dedicated vagrancy unit had to close two years ago. Even the Salvation Army’s 110 bed hostel had to close.  Now Manchester Council had to cut back homelessness funding further in order to meet the £60million saving demanded by the Chancellor in 2015.  All this is happening while Cameron and his friends getting super rich.

A 52 year old man Ray Burton moved his tent into Llandudno’s Great Orme limestone headland when he lost his flat.  At the age of 13 years old he was moved to the notorious Wrexham where he too was abused.

WELL DONE PM DAVID CAMERON AND FRIENDS.  

YOU MUST BE PROUD OF YOURSELVES TO ACHIEVE THIS WITHIN TWO  OR THREE YEARS PLUS INCREASED THE DEBTS BY £500BILLION IN SPITE OF AUSTERITY.