Thursday, 3 May 2012

It's the austerity, stupid!

There will be thousands of words dedicated to why the Conservative Party's policy of austerity has failed so severely on this blog in the run up to the next General Election. But as today is election day, I would like to use 3 charts to demonstrate just how disastrous their policies have been on our economy:

Worse than the Great Depression

Source: Business Insider

America's stimulus package grew GDP, whereas austerity has failed the U.K. and Europe

(Note that we are growing even slower than the Euro zone)

Source: Business Insider

Austerity has led to the creation of a lost generation of long-term unemployed young people 

Source: Not The Treasury View

Debunking the myth that low interest rates is a sign of economic recovery

Your economy is going into a double dip recession! That's why your government borrowing rates are plunging. It's got nothing to do with "credibility." It's the fact that when your economy is going down the tubes, there's nothing appealing to invest in, and so they just park their cash in risk-free government debt. 
Low rates in the U.S., U.K., Germany, and Japan, are the surest signals of long-term decline. What on earth are you bragging about?
Austerity has failed. The Tories have failed. Use your vote today to demonstrate your discontent with the government's appalling economic policies.

1 comment:

  1. There's only one problem with this analysis, and it's a killer: the US has made bigger cuts to public spending thank the UK has. Its success is an argument *for* austerity, not against.