Like Donald Trump, Lizz Truss Has Left A Terrible Mess. The British Media Are Primarily To Blame

[skews13]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

 

[Harry Dresden]

like biden is making things so much better.....

 

[OhPleaseJustQuit]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

 

[two_iron]

Trump has been playing golf and grabbing top-tier pussy for 2 years.

Are you locked up somewhere fuckboy??

 

[jbrownson0831]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

skews losing his screws again

 

[Baron Von Murderpaws]

skews losing his screws again

Again????

You mean they HAD screws before? Really?????

 

[OhPleaseJustQuit]

Again????

You mean they HAD screws before? Really?????

That was WAAAAAAAAY too cool! Thank you!

 

[Concerned American]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

In 44 days? But you believe the democrats haven't caused the train wreck in the US in a year and a half. You're a moron.

 

[Oddball]

skews losing his screws again

Has to post the Daily Kooks spam to get paid, no matter how ludicrous.

 

[Toddsterpatriot]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate,

How does leaving more money in the hands of British citizens and British corporations cause wealth to flow out of the British economy?

The national debt deepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Obviously. So which ones reduced their debt?

 

[Baron Von Murderpaws]

Has to post the Daily Kooks spam to get paid, no matter how ludicrous.

Who would give us our daily giggles if it weren't for trollers and NaziKarens?

 

[skye]

Trump has been playing golf and grabbing top-tier pussy for 2 years.

Are you locked up somewhere fuckboy??

Well said!

 

[Tommy Tainant]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

Thats pretty accurate.
The british media is very right wing and has been dominated by murdoch and similar trash. Virtually all are owned by tax exiles who do not pay UK taxes but have a vested interest in seeing corporation tax cuts,
They keep quiet about that when screaming for tax cuts.
They cheered the truss nonsiense to the rafters on the saturday it was announced and then 2 days later when the sky caved in they were calling for blood.
They lack any credibility but exert influence over the feeble minded. A bit like fox news.
What the article doesnt mention is the negative effect of brexit. That alone was driving us into recession even before we factor in the trickle down madness.

Truss has doubled my mortgage and I feel quite bitter aboyt it.

 

[jbrownson0831]

Thats pretty accurate.
The british media is very right wing and has been dominated by murdoch and similar trash. Virtually all are owned by tax exiles who do not pay UK taxes but have a vested interest in seeing corporation tax cuts,
They keep quiet about that when screaming for tax cuts.
They cheered the truss nonsiense to the rafters on the saturday it was announced and then 2 days later when the sky caved in they were calling for blood.
They lack any credibility but exert influence over the feeble minded. A bit like fox news.
What the article doesnt mention is the negative effect of brexit. That alone was driving us into recession even before we factor in the trickle down madness.

Truss has doubled my mortgage and I feel quite bitter aboyt it.

skews and Commie sittin in a tree.....d-e-m-e-n-t-e-d!

 

[Tommy Tainant]

skews and Commie sittin in a tree.....d-e-m-e-n-t-e-d!

Amazing. You are obviously an expert on economics. Well done sparky.

 

[jbrownson0831]

Amazing. You are obviously an expert on economics. Well done sparky.

Certainly when compared to a tree stump like you Commie.

 

[Flash]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

You are confused Moon Bat.

Trump left a post pandemic improving economy complete with a vaccine and this Potatohead jerkoff that stole the election managed to fuck everything up with massive inflation, decreased family income, astronomical cost of energy, plunging stock market that is killing our 401Ks, two recession quarters and tremendous debt with nothing to show for it. That doesn't even include weakling the military and his foreign policy blunders like screwing up the withdrawal from Afghanistan.

Potatohead even managed to have more Covid deaths even with Trump giving him a vaccine because of Operation Warpspeed.

Talk about fucking everything up.

 

[Concerned American]

Potatohead jerkoff that stole the election managed to fuck everything up with massive inflation, decreased family income, astronomical cost of energy, plunging stock market that is killing our 401Ks, two recession quarters and tremendous debt with nothing to show for it.

Yup, the vegetable gave everyone a raise in minimum wage (wealth redistribution) and then record inflation followed taking it all back and then some. Democrats got what they voted for. A great man once said, A government that gives you everything you want will take everything you have. --- or words to that effect.

 

[Captain Caveman]

The critical disastrous decisions​

Since the Conservatives won office in 2010, the faction which favours shifting wealth and income from workers to the corporate sector and from the poor to the rich has gained ascendancy. It succeeded in 2011 in cutting the corporate tax rate from 28% – arguably the optimum level – to 26%. It was slashed further over the next six years to just 19% in 1917. The top rate of income tax was also cut from 50% to 45%.

As these took effect, wealth flowed out of the British economy at an accelerating rate, government revenue declined and budgets remained in deep deficit. The national debtdeepened from 75.7% of GDP in 2012, just after the Global Financial Crisis, to 82.8% in 2019, pre-pandemic. Meanwhile, well-managed economies generated healthy budget surpluses and reduced their debt over that period.

Britain’s national debt was 95.9% of GDP last year and will be much higher this year.

Experiences abroad​

Economists watched Australia’s economy gradually decline from 2014 to 2022 as corporate tax evasion ate away at the nation’s revenue and as rorts and waste led to totally unnecessary deficits and ever-expanding debt.

More recently, they observed the collapse of the U.S. economy after Donald Trump slashed taxes on the rich in 2017. Since then, U.S. deficits have worsened, the debt has deepened and the interest on the debt has become a burden that will bedevil America’s economy for at least a generation.

This is why when Truss and Kwarteng announced further tax cuts, the markets said, “Okay. That will wreck the British economy even further. We are out of here!” — the response that triggered, first, Kwarteng’s sacking and then Truss’ resignation.

Media mendacity​

If the consistent experience in Australia, Britain, the USA and elsewhere proves that right-wing economic policies always fail, why on Earth do voters keep voting conservatives back in?

Mediacloud.org tracks topics covered by the UK national media going back to the early 1990s. The grey chart, below, shows the level of attention on national debt since 1995.


(Data sources: Mediacloud, Trading Economics)

Clearly, there is no relation whatsoever between the actual level of the national debt and media coverage thereof. The two striking features of the blue line in this graph are the surge around May 1997 and then the sudden drop in interest in May 2010. Those were the dates when Labour took office and then left office, respectively.

We can make similar graphs for other indicators of economic health. We can make graphs also for Australia and the USA.

In all three countries, the craven mainstream economic media operate primarily to deceive readers and viewers into believing conservatives manage the economy better than progressive parties.

The hard, cold facts show overwhelmingly that the opposite is the reality.

Like Donald Trump, Liz Truss has left a terrible mess. The British media are primarily to blame.

The shortest prime ministership in British history – with Liz Truss resigning after 44 days – is not just a political disaster for the Conservative Party in the United Kingdom. It has powerful lessons on economic policy for Americans and others. The...

m.dailykos.com

I didn't fully read the op, not many are clued up on UK politics.

First off, Liz Truss was chosen by a Conservative MP party vote. Some members advised against Lizz Truss, but the idiots backed her. The rest is history.

Government should use money to stimulate the economy, so in effect, it raises more income for the government. Once a government uses money for matters that are classed as Socialism, the country experiences national debt. Obviously things like going to war can push debt up too. So if you use money to pay the public their gas fuel needs to heat their houses, it doesn't stimulate the country to increase GDP by paying towards people's needs. Hence the UK's national debt on such programmes.

How do you know if a country implemented Socialist policies? Well, it's trying to pay them off because they significantly contributed to national debt.

Take a student with a media degree flipping burgers at McDonalds. If you add his/her student debt to the national debt because the government pays it off, they still flip burgers, GDP doesn't go up and national debt increases.

One thing is for sure, Lefties are taf with economics.

 

[Tommy Tainant]

I didn't fully read the op, not many are clued up on UK politics.

First off, Liz Truss was chosen by a Conservative MP party vote. Some members advised against Lizz Truss, but the idiots backed her. The rest is history.

Government should use money to stimulate the economy, so in effect, it raises more income for the government. Once a government uses money for matters that are classed as Socialism, the country experiences national debt. Obviously things like going to war can push debt up too. So if you use money to pay the public their gas fuel needs to heat their houses, it doesn't stimulate the country to increase GDP by paying towards people's needs. Hence the UK's national debt on such programmes.

How do you know if a country implemented Socialist policies? Well, it's trying to pay them off because they significantly contributed to national debt.

Take a student with a media degree flipping burgers at McDonalds. If you add his/her student debt to the national debt because the government pays it off, they still flip burgers, GDP doesn't go up and national debt increases.

One thing is for sure, Lefties are taf with economics.

The MPs wanted Sunak. The idiot members wanted truss. Thats why the tories cut them out of the latest election. No doubt they will get a chance before xmas.