Why do politicians think that spending more money is going to save the economy? Does George Bush or any other world leader think that they can remotely buck/control the economy.
If your economy is already broken and by that I mean that is it has stopped making money. Why borrow? The current trend in the world is than to spend more money to solve it.
Let me see if I understand it correctly?
You do not have any money,
the companies are not making any money but you want to borrow money to supposedly solve it.
I can understand the theory about borrowing money to grow a business, but borrowing money to prop up badly run companies does not sound like a business plan to me. Especially when it is Tax payer’s money. I know which way I will vote.
What would be your advice to the government?
The tea is on you
I was just listening to radio four where the conversation was focusing on loan sharks. Loan sharking has increased significantly in the last six months due to the current economic crisis, as it usual does. I do have a lot sympathy for people who find themselves in difficult times. I was rather impressed by some of the ideas talked about to help people handle their finances better. In fact I think the model can be use by anyone entrepreneurs included.
The ideas that was talked about on the program was that you can loan as much as you can borrow. So if you save 6 pounds a week from now until Christmas you will have saved £150 pounds. This bank/corporation will than lend the some amount to the person over the Christmas period enabling them to cover some of the extra cost Christmas brings.
The theory is if you can encourage responsible saving you can than encouraged responsible lending. Will the Labour goverment do the same with our current debt or go over the 60/40 rule. What do you think?
The tea is on you
