Economy saga

It will be depressing now, if I tell you that back in Sep'07 I predicted a crash but it is more depressing when I told my parents back in Aug'08 that UK government is not doing enough to control the damage. If Government is inactive for few more months they are going to get black eyes soon. 

As per current facts government failed in damage control and was blaming USA & globe for everything. My point in this argument was based on GDP it was very clear that Finance has a major role and UK being the hub for international banking government was not encouraging other sectors to maintain stability.

 

Recent budget focused on Energy, construction but I think it is bit late now. Other issue is the rebound, minister claims 3.5% rebound from a -3.5%. Probably he needs to focus on some data his department has provided recently.

I really don't see a GDP more than 1.5 or safer 2% since his party came in power after 1992. Is he claiming that somebody will takeover his position and will do 3.5%. I'm not been a political commenter but even for me this is very hard to digest.

If you are running a business and your current accountant made a statement that there is a black-hole in accounts worth 20 times your revenue but don't worry 12 months from Jan'2010 your business cover this black-hole and still will be profitable upto 3.5 times more than your current accounts. Will you admit him to an hospital or atleast to a care unit or do you believe him thinking he is going to raise a magic wand & rain the money.

I'll say one thing to end this entry, there are few vacancies coming-up very soon; it will be PM, FM and all other ministers. If UK government is not able to sell its bonds then this country will be listed with very poor countries. Can't believe somebody badly manages the country and then stands infront of public to claim they are all fools!!!