As I've just noted, the FT is this morning singing the praises of the IMF increasing its UK growth forecast this morning.
Martin Wolf is much more sanguine. In summary, he says there is more confidence, as long as things don't go wrong.
And it does not take much to note what could go wrong. Take this from the FT:
The threat that the US might refuse to raise the debt ceiling is a “giant Taser” freezing confidence in the world economy, Klaus Kleinfeld, chief executive of Alcoa, the US aluminium group, has warned.
Speaking as Alcoa reported strong growth in earnings for the third quarter, Mr Kleinfeld said the disputes in Washington were hurting confidence not just in the US but globally.
It just take a Republican or two for everything to fall off a cliff.
I'd love a recovery. The right recovery. A Green New Deal recovery.
But we're heading for no such thing as yet.
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It seems to me that the Republicans, like the Tories, only support democracy when it suits them.
If they win an election they will point at that fact , blow a trumpet and expect their authority to be respected.
But if they lose, they will nevertheless reserve the ‘right’ to frustrate the running of the country by the elected side.
Arguably they are doing the wishes of those who elected them. After all, congress has a republican majority. Even the senate, with 45R and 54D usually votes against the gov, so some democrats must be crossing the floor!
And if obamacare was dropped, the debt limit could be raised immediately.
So we can have debt and let thse without healthcare go to hell
You call that a choice?
@ JohmM
Oh PLEASE don’t recycle that hoary chestnut.
1) The TeaPublicans do NOT represent every Republican voter – far from it.
2) In ANY event, they ony got a majority orf SEATS by some vicous gerrymandering, and actually wone a MINORITY of the vote. See http://www.motherjones.com/politics/2012/11/republicans-gerrymandering-house-representatives-election-chart
So, far from expressing the will of the electorate, the TeaPublicans are actually dancing to the tune of their corrupt – and crazy – masters, such as the infamous Koch brothers.
The Koch brothers are real revivers of a feudal society, with themselves as Lord of most of the Manors! Appalling, secretive, reactionaries, leading the campaign against dealing with climate change, and quite happy to support and fund equally appaling politicians like Governor Walker of Wisconsin, who hasn’t hesitated to order the arrest of innocent protestors for protesting his autocratic, and increasingly Fascist – and also woefully inept – rule in Wisconsin – see http://www.policymic.com/articles/56943/this-is-scott-walker-s-wisconsin-protesters-arrested-for-singing-and-clapping-at-capitol.
Why the HELL should Obamacare – which is proving massively effective, by the way, despite Republican propaganda to the contrary – be dumped to pander to the prejudice of such ignorant wreckers? Or perhaps they want to wreck it because it’s so successful?
Quite!
When it comes to expressing the will of the public Obama was re-elected with Obamacare clearly on the table.
Middle class Americans know that health-care is their greatest Achilles heel. The sudden and unexpected onset of illness is all it takes to propel a hard-working, respectable family into the gutter, with all the subsequent drain on national resources and squandering of human capital that entails.
The wolf in sheeps clothing that are the Tea Party thrive on such insecurity.
The TeaPublicans have come up with the most effective lowest-common denominator message base to appeal to the masses. It’s working. It always works. UKIP are doing it here with people’s fears over Europe and immigration, in America it’s about gun control and taxation.
Ironically the very people who see the Tea Party as America’s saviours are exactly the people who stand to gain the most from Obamacare.
The Turkeys are voting for Christmas again.
Are you forgetting the incident of Gordon Brown refusing to leave, then doing a midnight dash.
What are you taking about?
At this time the US is heaving itself towards a sort of NHS, but the UK is sprinting towards a pay-as-you-go health service. With five/ten/twenty-year contracts. Nothing in the press, yet, about the high liklihood of drugs being rationed, but since NICE has been stripped of its “drug rationing” role and the DofH is taking direct control by stating the maximum price they will pay…
http://www.pulsetoday.co.uk/nice-to-be-stripped-of-drugs-rationing-role/13977022.article
http://www.gponline.com/News/article/1147874/Drug-rationing-scorecard-criticised-GPs/
At the end of the day the US voters have a choice.
Most seem to think that 17 trillion debt is bad, those that don’t, don’t vote.
And they have a free right-wing press….where else do I see that?
I note that the Scots referendum pollsters are now forecasting a lose for independence, so we can expect Cameron to start slagging them off quite soon?
I’ll start using [/irony] and [/sarc] I think.
Nobody happy with congress..
http://www.testosteronepit.com/home/2013/10/8/americans-despise-congress-their-economic-confidence-plunges.html