"Grand opening, grand closing.UK Prime Minister resigns after just 44 day..." Thu Oct-20-22 09:48 AM by PimpTrickGangstaClik
I don't understand parliamentary government. And I don't think I ever will. Truss was voted in about a month ago after Boris resigned over various scandals. Truss just resigned under the threat of a no confidence vote. Now Boris Johnson is waiting in the wings to get back in the seat.
12. "Inflation is only part of the puzzle here." In response to Reply # 1
- The UK is still dealing with Brexit, and so are the Tories. It didn't quite do what they promised (understatement, of course) and their electorate is becoming restless.
- Truss was never popular to begin with. As far as I'm aware, nobody liked her.
- She announced a "mini-budget" full of trickle-down bullshit during a time where even a lot of conservatives and most financial institutions recognize that economic inequality is getting out of hand, largely thanks to decades of trickle-down bullshit.
___________________ "So this is what everybody's always talking about! Diablo! If only I'd known. The beauty! The beauty!"
24. "I'm from across the channel, but yeah the Tories are a bunch of twats." In response to Reply # 18
But let's not forget that Labour has been punching itself in the face quite a bit as well. Feels like they spent more time keeping Corbyn out of the driver's seat than presenting a good alternative to the Tories.
In other words, it's a typical first past the post shit show.
___________________ "So this is what everybody's always talking about! Diablo! If only I'd known. The beauty! The beauty!"
7. "The thing I kinda appreciate about parliamentary government...." In response to Reply # 0
It seems shit tends to happen quickly. Like even if things start off terribly here, you have at least 2 years before you are punished at midterms and in 4 years people can forget why they hated you in the first place.
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
legsdiamond Member since May 05th 2011 79616 posts
Fri Oct-21-22 07:57 AM
13. "Was this due to the tax cuts implemented? " In response to Reply # 0
I know there are more moving parts but its wild to see things tank this fast.
Series or unfortunate events or did she speed things up?
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79616 posts
Fri Oct-21-22 11:02 AM
19. "but is it the market or her tax plan? " In response to Reply # 15
I have no idea how things work over there but things tanked so fast its a head scratcher IMO.
Who controls the market in the UK?
Wouldn’t it be rich folks who are getting the tax breaks?
Might be a stupid question but curious how this all fell apart so fast.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
21. "from my understanding of news reports" In response to Reply # 19
it's the markets reaction to the tax plan.
the tax cuts when announced were not funded, so it would have to be funded with govt borrowing.
market reaction was offloading/selling British investments. this tanked their market and almost bankrupting the country. they were getting close to not being able to pay/fund pension obligations. also the pound lost a lot of value. the pound was equal to the dollar at one point.
so they had to cancel the tax cuts and their central banks had to buy a much of govt bonds to keep the pound a float.
-- Sometimes you have to look reality in the face and say 'No!' -Ben (Reaper)
17. "That's the rub. It would take years for this country to realize its GO..." In response to Reply # 16
fault if they ever do.
It's amazing that the GOP gets credit for being the party of economic responsibility when they are the party that has recked the economy literally every time in the last 30 years.
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
legsdiamond Member since May 05th 2011 79616 posts
Fri Oct-21-22 11:04 AM
20. "problem is the GOP is real good at timing" In response to Reply # 16
the tax cuts always impact the economy AFTER they lose office so it looks like the Dems are screwing up.
Then Dems fix a few things and the GOP gets power and takes credit.
Shit is rigged over here. If Trump won a second term he would be eating a shit ton of this recession instead of Biden.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
22. "And she is entitled to claim 129,000 a year as a former" In response to Reply # 0
PM!
There are no time requirements for a PM to become eligible for the benefit. All you have to be is a former PM.
Talk about gangster.
People are stating that she should turn it down due to the inflation crisis in the UK, where a lot of the population are having trouble making ends meet.
With the stress and tension that they put her through? Hell no. She never had a chance. She had a lot of detractors from the beginning. They are going to shame her for the rest of her life, so I say claim that benefit!
ALL HAIL THE KING of LOSING: LEBRON Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid
Dude has shit on the working class and tried the same kinds of wealthy helping tax cuts. England looks less and less like a parliamentary "democracy" every day. But hey, he's a person of color so.....success! Ha
---------------------------------------
"The world is before you and you need not take it or leave it as it was when you came in." - James Baldwin
He opposed her "day one" tax cuts, which literally is the reason she got booted. She tried to do it from the jump. He's just more of a well thought out villain, saying he would do it over time.
28. "This is all very interesting because all Republicans know is Tax Cuts" In response to Reply # 0
And that's like the opposite of what you are supposed to do in inflationary times.
I guess they could lead with cutting benefits.
If we were a grown-up country and the big question on every voters mind was how to handle inflation the election would be about choosing Republicans who want to cut benefits or democrats want to tax profits to tame inflation.
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
legsdiamond Member since May 05th 2011 79616 posts
Tue Oct-25-22 08:57 AM
29. "Truss told dude to stick to the plan in her last speech" In response to Reply # 28
the fucking nerve… lol
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
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