Is the election result an absolute disaster for our economy?
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159JoeEasedale postedIn truth, with all 3 parties refusing to face the debt crisis and the age of austerity we all face, it makes little difference
Posted on 07 May 2010 |
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85ckm4328 posted
My rather dire prediction is that Con/lib government will not work. Labour will then form government with Libs and others on single issue of electoral reform followed by a further GE.
We will then have an unstable Lab/lib government and nothing will get done about the debt.
I really hope I'm wrong. I'd prefer a Majority Labour government and I'm a strong conservative voter.
Posted on 07 May 2010 | Love 0 loves
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272Swarbs posted
I think the election result is actually ok for the economy. The only reason for parties to work together is because they want to be seen to be putting the economy first, in order to gain political capital. In contrast, with a Con (or worse Lab) majority, controlling the deficit might have been delayed to give the government an initial 'feel good factor'. IMHO, Libs wouldn't want to be seen to be putting their desire for electoral reform ahead of the stability of the country and economy. That means that if Con/Lib work together, they will focus all their effort on fixing the economy, rather than p***ing around with reform and pet projects that can wait until we're out of the woods.
So I'd expect a Con/Lib agreement (probly not full coalition) to last until the major economic issues are over. Specifically until the ratings agencies are happy that our debt and deficit are under control and major spending cuts have been initiated and are showing returns. That should take around two years. Once that's done, I'd expect it all to fall apart quite rapidly, and another election in 2012/13. The result of that election would depend on how well the Con/Lib government functions. If the Cons handled themselves and the economy well, they may well get the boost they need for a full majority., This is because one of the main reasons for not voting Tory at this election was not trusting them and worrying they might wreck the recovery. However, if they mess it up and we get downgraded or the economy stalls, then the net result of the next election would probably end with Lab majority or proper Lib/Lab coalition.
Posted on 07 May 2010 | Love 2 loves
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272Swarbs posted
What can I say, I'm an optimist! And something of a realist. The blame for this crisis is going to end up in someone's lap, just as Major / Lamont got most of the blame for the 1990 recession. It's in Cameron and Clegg's interest to stick the blame firmly on Blair and Brown - Cameron so he can gain the credibility to form a majority government, and Clegg because most defecting Labour supporters will prefer to go to the Lib Dems. In order to do that, they've got to show that they can effectively guide the country out of the crisis, which they can only achieve by cooperation. Bizarrely enough, I think the potential political gains from this are too big for the Tories and Libs to let political concerns get in the way! But then that of course assumes that politicians are rational....
Posted on 08 May 2010 | Love 1 love
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134liesarenocomfort posted
We'd better get used to it.
When we get PR, this will happen again,
and again...
and again...
Posted on 08 May 2010 | Love 0 loves
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3atseyes1 posted
It's worth remembering that the most successful coalition government we have ever had brought this country through its darkest days. Okay, I know World War 2 wasn't exactly an economic crisis, but we do need to be one country, united, to fight the current debt problems and a coalition might just help bring that about.
Posted on 08 May 2010 | Love 1 love
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