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What part of global credit crunch doesn’t Cameron understand?

By Labour Matters ⋅ January 9, 2009 ⋅ Post a comment
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Having been found wanting on the economy, Cameron’s Conservatives are now staking all their hopes on their policy of a loan guarantee scheme. Here’s David Cameron speaking at a visit to Nissan in Sunderland recently after the company announced 1,200 job losses:

“I am deeply worried about the workers who have lost their jobs today. This will be devastating for families who are affected by it. Our national loan guarantee scheme would help the car industry get the credit support it needs. Every day the government delays such a scheme, more jobs are lost.”

Unfortunately for ‘Dave’ the Nissan site in Sunderland produced 386,000 cars for EXPORT to more than 45 countries last year and it’s the global slump in demand not the credit crunch which is hurting Nissan in Sunderland. Are the Tories really now claiming that their national loan guarantee scheme will make other countries buy Nissan cars, or is ‘Dave’ just making false claims about his own weak and feeble economic policies in the hope that nobody will notice?

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Discussion

2 comments for “What part of global credit crunch doesn’t Cameron understand?”

  1. I would suggest that not only David Cameron, but screaming Lord Such and anyone else for that matter has a greater understanding of the credit crunch that Gordon and his troop of baboons.
    Why are we the worst placed country to deal with the credit crunch???
    BECAUSE GB AND HIS USELESS PARTY SPENT EVERY PENNY DURING THE ECONOMIC BOOM, ON BEAUROCRATIC MEASURES, WITH NOTHING TO SHOW FOR IT!!!
    Thats right Gordon, the country is now BROKE!!!
    Spending as if it’s going out of fashion, like a teenager with his first paycheque!
    You are as inept, Mr Brown, as the rest of your joke of a cabinet and party.
    ROLL ON THE ELECTION!!!

    Posted by RD | July 2, 2009, 4:33 pm

  2. Oh dear, you seem to be really angry. Perhaps if you cared to find out the facts you’d be less so?

    1. GB was right to take the action he did with the credit crunch, which is why other nations followed his lead.

    2. We are not worst placed, but best placed. In fact we are currently climbing out of recession faster than many other European nations.

    You’re entitled to your mistaken point of view, but we don’t publish libel so your other 30-odd comments have been deleted.

    Posted by Labour Matters | July 2, 2009, 5:30 pm

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