Brown in 2003, when warned he was causing a debt problem

[Platypus]

The papers have recently been reminding us of this classic Gordo quote:

"A weak currency is the sign of a weak economy,which is the sign of a weak government" - Gordon Brown, 1995

I wonder how he'd excuse that comment now?

[EternalOptimist]

The papers have recently been reminding us of this classic Gordo quote:



I wonder how he'd excuse that comment now?

Started in America
blah blah
Global downturn
blah blah
Good for exports
blah blah
Barak Obama
blah blah
End to Conservative Boom and Bust
blah blah
Margaret Thatcher
blah blah

[Doggy Styles]

Brown may have been stupid, but I think he's way down the list on 'People who should be first up against the wall when the revolution comes'.

Nope.

You might not know this, but Brown effectively dismantled the supervision of banks that prevented this sort of thing happening in the past.

He did this because he thought could do it better with his far more complicated system, despite knowing bugger all about economics. Needless to say, his system didn't work.

You can trace the explosion of net debt and leveraged debt in ordinary banks in the UK back to the time of that decision. Note also that he had been warned about what was happening for years, but ignored it because the debt boosted growth figures, and the growth figures boosted his reputation as a brilliant chancellor.

He has shut his ears to all but what promoted his own political gain, and as a result he has been the principal architect of this disaster in the UK.

The bankers are just minions in this, behaving like kids let loose in a sweetshop doing what every other banker was doing in order to get a slice of the action, encouraged by the changes in government rules.

[Solidec]

Today's Independant ComRes poll.

Cons: 43%
Labour: 28%
LibDems: who cares

Translates to a 120 Seat Conservative lead (15% poll lead)

Looks like the tide has well and truly turned

[ratewhore]

Brown may have been stupid, but I think he's way down the list on 'People who should be first up against the wall when the revolution comes'.

May be way down your list, but he's top of mine. This is a man who has systematically run this country into the ground...

[ratewhore]

Looks like the tode has well and truly turned

Quite right - whatever that means...

[Solidec]

Quite right - whatever that means...

Darnit, not quick enough on the Editing

[EternalOptimist]

Today's Independant ComRes poll.

Cons: 43%
Labour: 28%
LibDems: who cares

Translates to a 120 Seat Conservative lead (15% poll lead)

Looks like the tude has well and truly turned

agreed

[ratewhore]

Darnit, not quick enough on the Editing

You were - I just edited it back

[Doggy Styles]

I agree the turd has well and truly turned.