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  • Technorati: graph / links

    Blame the crisis on promiscuous couples!

    by Sunny on 11th February, 2009 at 11:08 am    

    Who is to blame for the financial crisis? If you’re a hardcore capitalist and don’t want to blame banks or big businesses, then you have to find other scapegoats. Enter, promiscuous couples. According to Tim Montgomerie of ConservativeHome:

    “The proximate cause of the banking crisis was the increase in couple cohabitation and the banks supine acceptance of the government’s promotion of “every choice of lifestyle”. The banks lent money to couples who were unlikely to stick together.” - Nick Gulliford has posted the above thought on the thread below Michael Fallon’s indispensable Platform article. It’s a very uncomfortable thought but I bet Nick is partly right. All the stats point to much greater instability in cohabiting relationships. I’d certainly like to see the data.

    First blacks, and now promiscous couples (maybe even gays?). I wonder if David Cameron will take up this baton. Will he announce that the Conservative Party’s policy to subsidise married couples will end boom and bust by protecting the housing market? Heh.
    (via Mark Pack)

    On an different note, I’ve been writing some long articles for different newspapers and websites, and so drowning in work. Hence the blogging is a bit quick and dirty. Apologies for that.

      |     |   Add to del.icio.us   |   Share on Facebook   |   Filed in: Economics, Party politics

    8 Comments below   |  

    1. SKye-Vee — on 11th February, 2009 at 11:17 am  

      “….a bit quick and dirty”

      That’s not like you Sunny….. or is it?

    2. kardinal birkutski — on 11th February, 2009 at 11:43 am  

      First Blacks (I believe it’s now thought right and proper to capitalise it..):now where did you get that from? Oh, of course, you’re just constructing a strawman to knock down. Well argued, Sunny!

      What I fail to see is why you just carp and criticise and ridicule, instead of engaging with and examining other people’s arguments. Not just in this case but generally. Or are you so 100% sure of your own views? It would seem so.

    3. Ravi Naik — on 11th February, 2009 at 11:58 am  

      Uhm… nice headline, it certainly caught my attention as tabloid headlines usually do. But couple cohabitation, specially in cases where a couple buys a house together, is not considered promiscuity. The latter refers to individuals who have multiple partners, not those who attempt monogamy without getting married.

    4. fug — on 11th February, 2009 at 12:18 pm  

      i think promiscuity is in the eye of the beholder, in this case sunny our playboy bunny.

    5. Leon — on 11th February, 2009 at 12:58 pm  

      Amusing given Tim is allegedly having it away with Nadine that he thinks this…and LOL at the quick and dutty blogging! :D

    6. Ala — on 11th February, 2009 at 5:15 pm  

      I hope Tim didn’t actually use the word promiscuous, otherwise he’d be in for a right bashing. I would click on the link and check, but then again, I wouldn’t.

    7. The Queen of Fiddlesticks — on 11th February, 2009 at 7:58 pm  

      wow, what a giant mess we are in! Maybe I am in denial, but I still refuse to believe the world is gonna end! I blame everyone, including myself, as should we all. Honestly I don’t even know what recession means exactly ( well I do - but I don’t) It’s only either boom or bust … when is the part we all just sit back and enjoy what we have built for a change? always more more more …To me there are just too many people in the world right now… but they will even say we need to do more to not only maintain that population increase but look for ways to increase - even that somehow? usually through rewards. Reading “every choice of lifestyle” made me think of the Dutch ….
      Though I’m sure they will be and are effected, through our actions.
      I don’t think any party’s policy to subsidise married couples for any reason is a good idea. First religions used marriage to morally enslave people … now governments will some how make it a national responsibility? Oh well, I guess everything is business today, countries, banks, health, education, why not include marriage? and NO I am not against commitment, I’m all for it, and wish there was more talk of what that would take … forgive me if I start coming off as some wacky radical, but another thing that needs to be put out there is how the different generations see things, where they got those views and what role they played in this mess.
      I’m actually not liking Cameron anymore….but thats a new topic …

      I do have to laugh at people going on and on about this crisis and our impending doom … they blame everything on the economy now …. even silly things. A co-worker and I are drawing up a conspiracy theory against Disney Land and how they caused the recession … I wonder how many people would fall for it… more than a few I bet.

    8. Who is to blame for the banking crisis? | ToUChstone blog: A public policy blog from the TUC — on 12th March, 2009 at 2:02 pm  

      [...] yesterday it had not occurred to be that it might be the fault of co-habiting couples. But then I read about the views of Tim Montgomerie at Conservative Home, who writes that: “The proximate cause of [...]

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