Jeremy Corbyn's time is up

[Raheem]

Clip of Owen Smith event on TV. Behind, him a stage full of women. Synergy with the bullying letter, presumably. But someone seems to have had an afterthought. They're all white so, just at the edge of shot, a BME man.

 

[coley]

The big pharma companies would just move all their UK operations if that was on the cards - they are hugely globalised as it is. GSK is Glaxo-Smith-Klein-Beecham I think, and some of those amalgamated companies were already amalgamated companies before they amalgamated.

So, how's everyone else's Saturday going? I'm sitting here in my underwear quacking on pointlessly on the internet. You?

Just had the dogs n bairns down to the beach,now trying to think of ways to avoid the pile of gardening work waiting for me.

 

[The39thStep]

Apparently 1700 at the Corbyn rally in Salford

 

[J Ed]

Repeat of debunked homophobia allegations. These people are fucking disgusting.

 

[andysays]

He's so thick that he's got policies that even you don't understand, then ...

That line deserves to be posted on the "memorable put-downs to other posters' bollocks" thread, but a "like" will have to do for now coz I can't find it

 

[imposs1904]

Repeat of debunked homophobia allegations. These people are fucking disgusting.

*comments are closed*

Snide.

 

[TheHoodedClaw]

That line deserves to be posted on the "memorable put-downs to other posters' bollocks" thread, but a "like" will have to do for now coz I can't find it

Go on then, tell me the mechanism to be used for People's Quantative Easing. How the "printing of money" will lead to new roads etc. I'm genuinely ignorant and curious. The usual QE injects liquidity into the system through bonds, and that itself is a bit opaque, but walk me through the Peoples Easing, and explain how that works with local council responsibility for most roads.

It's not just a slogan, surely?

 

[ItWillNeverWork]

Go on then, tell me the mechanism to be used for People's Quantative Easing. How the "printing of money" will lead to new roads etc. I'm genuinely ignorant and curious. The usual QE injects liquidity into the system through bonds, and that itself is a bit opaque, but walk me through the Peoples Easing, and explain how that works with local council responsibility for most roads.

It's not just a slogan, surely?

From what I can gather it involves first setting up a 'National Investment Bank'. The Bank of England would then electronically create money which it would use to buy bonds from the NIB who would lend it out for infrastructure projects, scientific research, etc. Don't quote me on that though.

 

[nino_savatte]

Repeat of debunked homophobia allegations. These people are fucking disgusting.

I love this opening sentence.

This article has been written by 14 Labour Party members

What is that saying about monkeys, typewriters and Shakespeare?

 

[TheHoodedClaw]

From what I can gather it involves first setting up a 'National Investment Bank'. The Bank of England would then electronically create money which it would use to buy bonds from the NIB who would lend it out for infrastructure projects, scientific research, etc. Don't quote me on that though.

So there would be a new entity that issues bonds that the central bank would buy? What's the point of that?

 

[maomao]

So there would be a new entity that issues bonds that the central bank would buy? What's the point of that?

I don't know the nitty gritty of how bonds work but it seems it's a simple enough policy that Theresa May's nicked the basics of it when she was talking about issuing £100bn in infrastructure bonds. And you're not really debating here anymore, you're just expressing incredulity at everything for the sake of it. If you want the details go start a thread in the theory forum.

 

[ItWillNeverWork]

So there would be a new entity that issues bonds that the central bank would buy? What's the point of that?

Presumably because the government would have control over where the new money is spent, forcing the NIB to invest in useful things rather than speculating on rising property prices etc. From the FT:

The policy’s cheerleader-in-chief is Richard Murphy, a left-wing tax campaigner, who says people’s QE “would stimulate the economy, boost employment and tackle climate change”.

Mr Corbyn, Mr Murphy and others such as Ken Livingstone say people’s QE would be different to the QE undertaken by the Bank of England between 2009-12 because it would support infrastructure rather than prop up the banking system. On Thursday Mr Livingstone told the BBC: “If we can get the Bank of England to fund the banking system, why don’t we get them to build us a proper broadband system . . . or to modernise our transport system?” [...]

In both ordinary and people’s QE, the BoE “prints money”. This is shorthand for saying it creates electronic money — a liability on its balance sheet — which can then be used. There is no difference between the two. [...]

In 2009-12, the BoE used the money created mostly to purchase existing government debt. Since many people wanted to own government debt, these purchases eased the government’s ability to create more by running a large budget deficit and reducing the pace of spending cuts.

People’s QE is almost identical, since Mr Murphy proposes the central bank buys bonds created by a national infrastructure bank “under government direction and subject to government guarantees”. These bonds would be the equivalent of gilts, which are created by the National Debt Office, also under government direction and subject to government guarantees.

 

[nino_savatte]

Tom Harris on Twitter earlier.


He followed that with this.




I asked the same question when I quoted his Tweet but I think he's avoiding me.

 

[brogdale]

Presumably because the government would have control over where the new money is spent, forcing the NIB to invest in useful things rather than speculating on rising property prices etc. From the FT:

Yes, instead of increasing Fincap liquidity by buying up Govt. debt from the financial corps, the electronic £ would be directed towards stimulating demand directly in the real economy via building firms, civil engineering firms etc.

 

[Kaka Tim]

Jeremy Corbyn has more than double the support of Owen Smith, poll shows

Smith is fucked.

But obviously this non-story is the main headline -

Corbyn aide accused of ‘illegal entry’ to MP’s Westminster office

 

[Mr.Dogg]

Apparently 1700 at the Corbyn rally in Salford

Indeed there was (Lowry was at maximum capacity which is where the 1,700 figure comes from)- I've just got back from it. Very friendly atmosphere and lovely people- NHS workers, care workers, students, survivors of austerity, teachers, trade unionists, anti racism campaigners, etc- all people who, if you follow the media and plp, are nazi black-shirts who are beyond the pale and have no place in modern society, let alone politics.

The general mood was friendly, some pantomime light hearted booing of the plp and Owen Smith, which apparently constitutes nuremberg rally-esq abuse nowadays. Some good speeches especially by Richard Burgon (an MP who I hadn't heard of but will now be following).

Most people bewildered by the PLPs strategy to win them over- reject our decision in the last leadership election, threaten to not accept this one if we don't vote the way they want us to, demonise us, call us a bunch of misogynistic, anti-semitic, racist bullies, patronise us and make zero effort to engage with us or understand where we are coming from, then expect us to vote for you. Bizarre.

 

[brogdale]

Jeremy Corbyn has more than double the support of Owen Smith, poll shows

Smith is fucked.

But obviously this non-story is the main headline -

Corbyn aide accused of ‘illegal entry’ to MP’s Westminster office

The party is pretty fucked if 22% of members would vote for Smith as leader.

 

[Mr.Dogg]

Jeremy Corbyn has more than double the support of Owen Smith, poll shows

Smith is fucked.

But obviously this non-story is the main headline -

Corbyn aide accused of ‘illegal entry’ to MP’s Westminster office

Of course- would you expect anything else from the Guardian/Observer?- looking forward to the delights the Observer has in store for us tomorrow, they really outdid themselves last week!

 

[Orang Utan]

Leeds Hyde Park seems pretty pro-Corbyn:

 

[J Ed]

Just had a thought today. Has anyone considered the possibility that the bodies of middle aged Labour mps have been taken over by tumblr blogging 13 year olds? They seem to think that disagreeing with them constitutes a microaggression, how long till they denounce Corbyn for his intolerance towards otherkin?

 

[Hocus Eye.]

Just had a thought today. Has anyone considered the possibility that the bodies of middle aged Labour mps have been taken over by tumblr blogging 13 year olds? They seem to think that disagreeing with them constitutes a microaggression, how long till they denounce Corbyn for his intolerance towards otherkin?

I haven't a clue what this post means. Can we have tranlsation into modern English for those of us not used to using crossword dictionaries.

 

[brogdale]

I haven't a clue what this post means. Can we have tranlsation into modern English for those of us not used to using crossword dictionaries.

Yawn

 

[Pickman's model]

I haven't a clue what this post means. Can we have tranlsation into modern English for those of us not used to using crossword dictionaries.

You could try using google

 

[brogdale]

Jeremy Corbyn, Labour voters like me want a champion for British workers – not a sandal-wearing socialist with the charisma of an ageing Labrador

says....Janet Street-Porter.

 

[Brixton Hatter]

Repeat of debunked homophobia allegations. These people are fucking disgusting.

It's all as thin as air: seemingly no specific examples of bullying/abuse (except the one which has been debunked), apparently no reports to the police or official complaints etc. They just hope the public/labour members take it at face value (which some will.)

 

[Wilf]

Corbyn aide accused of ‘illegal entry’ to MP’s Westminster office
More high drama! Seema Malhotra (MP) says Corbyn's bods invaded her office without permission. Sounds like they did do, given their response that it was a 'small matter', though they may well put a different construction on events. Perhaps an attempt to stop Malhotra deleting documents as the other resigning MP did? Reporting it the speaker - all getting a bit bonkers now. Not sure they can put humpty dumpty together again.

 

[Brixton Hatter]

killer b 's post about the enemy within reminded me about seumas milne: does anyone know much about what he's been doing for JC?

He's corbyns head of comms/strategy (on loan from the guardian) - obviously a tough gig. Tbh i don't know a great deal about him, other than the journo/writer background.

 

[Wilf]

Jeremy Corbyn, Labour voters like me want a champion for British workers – not a sandal-wearing socialist
says....Janet Street-Porter.

Indeed

 

[Wilf]

*comments are closed*

Snide.

Seems that if there's one thing worse than getting homophobic insults and having bricks through your window, it's not getting homophobic insults and not having bricks through your window.

((((people who haven't been insulted by anyone at all in any way))))

 

[two sheds]

Corbyn aide accused of ‘illegal entry’ to MP’s Westminster office
More high drama! Seema Malhotra (MP) says Corbyn's bods invaded her office without permission. Sounds like they did do, given their response that it was a 'small matter', though they may well put a different construction on events. Perhaps an attempt to stop Malhotra deleting documents as the other resigning MP did? Reporting it the speaker - all getting a bit bonkers now. Not sure they can put humpty dumpty together again.

From that article, Corbyn bod said:

“As an office manager on the leader of the opposition’s floor Karie has a key to open all offices. She accessed the office in question to confirm when it would be vacated. It is a month since Seema Malhotra resigned as shadow chief secretary to the Treasury, and the office is intended for the person holding that position.”