“L_escalier,

"When I see the words 'macroeconomic truism', or 'deleverages' I reach for my revolver..."

Fair enough. For "macroeconomic truism", insert "economic fact"; and for "deleveraging", insert "paying off debt".


Asodeska,

Your silence is deafening.”

“Asodeska,

"You have to stand up to fascism"

Indeed one does.

But Thatcher liked to take tea with torturing murdering fascist General Pinochet when he was visiting the UK. Funny that!

Of course she armed Saudi Arabia to the hilt - selling $40 billion dollars worth of arms to the most extreme Islamic state in the world - birthplace of Wahabi Islam and Osama Bin Laden. This arms deal, the biggest in the world until recently, was cynically called Al Yamama (The Dove) and off the back of it she set her son Mark up as an arms dealer himself. She of course married into money when she "hooked up" with millionaire hubby Dennis.

Tell me, are you a fan of the economist Friedrich Hayek?

More Right-wing nonsense debunked at:
Cheltenham Against Cuts
http://tinyurl.com/6hcfglz”

“Oh, Kay Powell no presumption required. You wear your Hammer and Sickle on your sleeve.
And since 95% of Academics are from the Left to extreme Left, where to you suppose your Environmental Radicalist got the notion?

You and Zamed are so immersed in false left wing propaganda you simply do not know which way is up. You do however, appear to know which way is down, because that is the direction that you and your ilk are dragging Britain and the Free World (what is left of it)”

“Read the sentence again, Zamed.
Actually Pinochet only used sufficient force to quell the rebellion. But he got painted as a fascist by the Left Wing Fascist press for doing it.
And just who would Saudi Arabia use their arms against? They don't have the man power to take on anyone in the Middle East. So it was a safe sale.
And what exactly is wrong with marrying into money?
You Left Wing extremists think it is wrong for anyone to have money.
Very sad and very stupid.”

“Oh, I see that I've missed a bit of an argument. Asodeska, please don't presume to know my politics. As for your claim that "putting labels on political positions is a classic Soviet technique", perhaps you'd care to explain why you also wrote of one of my comments: "Ahhh, the classic Left Wing response - as taught by the Soviets." I suppose that if you do it, it's not putting labels on anyone. In fact, it's a logical technique, as taught by a university education - a "Desmond" in Environmental Science at London University, if you want to know.”

“I see now that I was pre-empted, only with more hyperbole.”

“by Asodeska
.
"Well Kay, you are well trained. No where do I see the word 'dead weight' in my comment. Putting labels on political positions is a classic Soviet technique."

I do see 'dead weight' in your comment at 11:54pm, on Sunday. Not that I'm getting involved in this argument, just pointing out that it's there. When I see the words 'macroeconomic truism', or 'deleverages' I reach for my revolver...”

“Asodeska,

A couple of simple questions, just so I can figure out where you're coming from:

1. Without monetary support from the government, the banking system would have collapsed, and with it private business. How does this square with your belief that government expenditure is "dead weight"? Put another way, how does your perspective incorporate the "bail out"?

2. Right now, we have a situation where the private sector in the aggregate is focussed primarily on saving and deleveraging. If, therefore, there's no injection of spending from another sector of the economy (either government or foreign), then we're headed for higher unemployment and double-dip. Please explain how your approach – the lightening of the load – will mitigate the spending gap created by the trend to saving, and thereby create jobs and growth?”

“Zamed, read it again. Then read what Kay Powell says. They are not the same.”

“Thanks, Cosmo_ Joe.
We know how to take care of that sort of thing.
You have to stand up to fascism.”