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No Glee To Be Found In Brexit Vote

June 27, 2016

The facts were strange things to the supporters of the Brexit movement over the past months.  The leave element in Britain used outright lies and upside down thinking to promote and spin their efforts.  They maligned immigrants and made a mockery of educated reasoning.

But the outcome of the vote is brutal.  And that is factual.

The $2.08 trillion wiped off global equity markets on Friday … was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987 … Friday’s decline as a percentage of total market capitalization was 4.7 percent. That was outstripped on seven occasions during the financial crisis.

9 Comments leave one →
  1. June 27, 2016 7:30 PM

    The undermining of the British economy seems to thrill you and that is truly unsetting to those who think that is not a good thing. Do you also applaud the killing of baby kittens? Loosing a perfect bond rating is exactly the type of initial problems that rational people said would happen if they stepped off the cliff.

  2. orlin sellers permalink
    June 27, 2016 6:27 PM

    Jeepers, that’s the same as Belgium & France.

  3. June 27, 2016 4:14 PM

    Today Ratings agency Fitch downgraded UK’s credit rating to AA negative, following similar move by S&P, after Brexit vote.

  4. June 27, 2016 12:58 PM

    As for me I like accurate and trustworthy sources for news and information. Hence NPR. WPR, BBC, The Economist, New York Times, and Wall Street Journal for national and international news. For state news I use Milwaukee Journal Sentinel, Wisconsin State Journal, and a smattering of local papers.

  5. orlin sellers permalink
    June 27, 2016 11:49 AM

    “The BBC is Fox News with an English accent.” Paul Craig Roberts

  6. June 27, 2016 11:10 AM

    No, I did not watch a propaganda film! What I have done for years is read the weekly Economist, followed events from the BBC as the months closed down to the election, and have a fairly good feel for the facts of the matter. I deal with facts and not propaganda.

  7. orlin sellers permalink
    June 27, 2016 10:13 AM

    Post and explain this: The video is over an hour long, it was posted at 8:55 a.m. and your response was 16 minutes later. One can only deduce and conclude that you did not watch it and are not responding to the video but are presenting some “REMAIN” talking points.
    It appears you went to the Hillary Clinton School of Honesty.

  8. June 27, 2016 9:11 AM

    1. We aren’t going to see a fall in immigration levels

    No one in the Leave campaign actually gave any target figures, at any time, ever. Conservative MEP Dan Hannan has already said this morning that people expecting immigration to come down will be “disappointed”.

    2. We aren’t going to have an extra £100 million a week for the NHS

    Nigel Farage has already told reporters today that the Leave campaign shouldn’t have claimed that.

    3. We aren’t going to be able to stay in the single market

    No other country has a set up like that: both France and Germany have made it abundantly clear that we are not going to be able to have our cake and eat it, ie, take advantage of the free-trade zone without contributing a single penny to it, as Leave says we will.

    4. We aren’t going to get our sovereignty back

    Looks like we’re going to get a new prime minister by the end of the autumn Conservative party conference. It’ll be a short list of two people, nominated by MPs.

    This unelected leader could then theoretically hold office unopposed until a general election has to be called in three year’s time.

    P.S. We still have the House of Lords. So there’s that.

    5. We aren’t going to save £350m a week

    The Leave claim that the UK gives £350m a week to the EU has been thoroughly debunked. But it was still emblazoned on their battle bus right up until the end:
    6. We won’t remain a world leader in research and development

    UK investment in science and universities has dried up since the recession, whereas the EU gave us £7bn in science funding alone between 2007 – 2013.

    We’re also going to face new barriers to collaboration with European universities and research centres.

    7. We aren’t going to save £2bn on energy bills

    Leave promised we could end VAT on household energy bills. While that’s possible, it won’t save us any money in reality because we rely on imports for so much of our energy.

    Because the pound has fallen, inflation will go up, which means imports and thus our domestic energy bills will cost up to 12 per cent more than they currently do.

    8. We aren’t going to be a ‘greater’ Britain

    Overnight the UK economy has already slumped from the fifth largest in the world to sixth.

  9. orlin sellers permalink
    June 27, 2016 8:55 AM

    This is what was presented by the “LEAVE” faction

    I challenge you to point out the ‘lies’ in this piece.

    I won’t hold my breath waiting for you to allow an opposing viewpoint here.

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