Pinning the blame on Brown
James Forsyth 10:12am
Gordon Brown’s political strategy for the recession involves claiming that it came from America, that Britain is uniquely well placed to deal with it thanks to his policy decisions and that only he has the experience to see the country through this crisis. But as the Observer points out in its editorial today—entitled “It’s your recession, Mr Brown. Deal with it”—these claims are simply not accurate:
“The implication is that recession is a foreign ailment that the UK only contracted through its exposure to global financial markets.But for a decade, the government promoted the City of London as the international centre of financial services. A financial boom poured cheap credit into the real economy, with Britons taking on vast levels of personal debt - more than in any other developed country. Loose money stoked a housing bubble bigger, according to the IMF, than the one that burst in the US, triggering the crisis. A disproportionate amount of British wealth is borrowed and tied up in assets whose value is falling; a disproportionate number of jobs are in services that are vulnerable to a fall in consumer demand. The credit crunch may have started abroad, but it was custom-made to hurt Britain.”
The Tories have done a poor job of getting this message across and tawdry business of yacht-gate has cost them valuable time, it will be a while yet before George Osborne is a credible messenger on the economy again. But they have a compelling case to make against Brown’s record. To let Brown get away with claiming that because he’s not solely responsible for the coming recession, he’s not responsible for it at all would be political malpractice by the Tories.



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mitch
October 26th, 2008 10:43am Report this commentPerhaps in Brownworld that's what he thinks,the rest of us know better. He wont suffer financially as his pension is gold plated but thousands of familys will lose everything and he will be responsible.The worst part of this disaster is the banks will take taxpayers money to save themselves while taking the same peoples houses and jobs off them,how in any sane world can this happen.Given the choice I would let the damn banks fail gordon we will deal with at the next election.
TrevorsDen
October 26th, 2008 11:33am Report this commentYawn - The Tories have been saying this for ages. And Osborne it seems to me has been pretty competent to make the point. Only dopey Tories are still banging on about 'yachtgate' - or maybe it should be called 'nondonorgate' or mediastupiditygate. Or thickrichbarrowboyhedgefundergate'.
Brown is allowed to get awauy with this line in media interviews all the time.
PMQs?? A complete waste of time, Brown does not answer the question and simply waits for the planted tame question to make propaganda.
Democracy - don't make mne laugh.
David Parker
October 26th, 2008 11:50am Report this commentThe fact that Brown is consistently scoring better than the Tories in polls asking who would be best qualified to handle the current financial situation, beggars belief and reveals the depth of fear and confusion amongst the general public.
But this is also a damning condemnation of Cameron & Co for their failure to inspire confidence and communicate effectively in refuting Brown's arguments or exposing the dangers and fallibility of his current proposals to spend his way out of the crisis.
Indeed, there does not yet even seem to be a consensus in the shadow cabinet about the policy thay would adopt if there was an early election.
Even allowing for those who have never been confused by Brown's lies, many floating voters will now be having second thoughts about whether the Conservatives are a party ready and fit for government.
Pete, Scotland
October 26th, 2008 12:13pm Report this commentCameron and Osborne have been made to look like political lightweights in this crisis.
TGF UKIP
October 26th, 2008 1:26pm Report this comment"The Tories have done a poor job of getting this message across.........." Come on James, isn't it getting long past the time when you lot really started getting properly stuck into Dave and demanding he raise his game.
A demand that he abandons all this Blue Labour and Heir to Blair nonsense and a reminder that the party he leads is supposed to be a conservative and not a social democrat party is long overdue.
If after facing the worst government headed by the worst, and certainly the most evil, prime minister this country's ever had, Dave & Co fail to win a convincing overall majority in 2010, it won't be just their fault it will be all those nominally right wing journos as well who allowed them to be such a limp, lame and conviction free opposition for so long.
ROADRUNNER
October 26th, 2008 1:38pm Report this commentBrown's handling of the economy is doing the same as the labour party did in the seventies,driving Britain with a begging bowl to th I.M.F.
Liz Brown
October 26th, 2008 1:59pm Report this commentGiven that the Brown Broadcasting Company gives no air time to Conservatives and their policies and refuses impartial reporting, it is surprising that zanulab is not further ahead in the polls. a proper examination of the sub prime mentalist's role in this catastrophe is needed - but one we won't be given.......utterly disgraceful and utterly predictable from this most appalling of Governments
John Miller
October 26th, 2008 3:59pm Report this commentThere's time enough for Cameron. Even quite sophisticated journalists seem to think that the crunch and recession are one and the same thing.
Right now, not many people have been affected by the recession - those that have are form some reason deemed by most people to have deserved it.
But this could be the worst economic times since 1928 (Darling was probably right in his famous interview). It should be reaching its peak round about 2010 and the chances of the Labouur Party surviving, let alone winning, the next election are minute.
anthony a
October 26th, 2008 4:22pm Report this commentPart of the problem in getting any blame to stick to Brown is that noone is listening.
People have given up on the political class and the journalists who report on it (present company excepted) - all they do is focus on the trivialities and personalities.
Back on planet Earth people are too worried about paying the bills to bother to watch Nick Robinson, Adam Boulton or Tom Bradbury endlessly go on about what colour tie Peter Mandelson is wearing.
Nicholas
October 26th, 2008 5:29pm Report this commentTrevorsDen I'm worried by all this yawning. Maybe an early night would be a good idea?
ChrisD
October 26th, 2008 6:12pm Report this comment"The Tories have done a poor job of getting this message across and tawdry business of yacht-gate has cost them valuable time"
Sorry, don't buy that excuse from the political media!
You lot have been the most culpable in stoking up the myth of the Brown years at the Treasury.
The Conservative party has been warning about this looming credit disaster for years, and nobody, least of all the media were interested.
I mean just a few years ago I was gobsmacked to see our unprecedented public and personal debt levels being dismissed as all right because we were at that time able to service the debt comfortable.
Remember the previous GE's where the Tories tried to put forward a budget that was dismissed by Brown because it created a black hole in the finances?
Who able helped him, based on HIS TREASURY figures to dismiss the Conservatives policies?
Where was the scrutiny about his black holes in his Treasury accounts.
And as for the Osborne saga, well that is another wonderful example of a political non story whipped up into a storm by the media.
We had Brown the superman followed by Osborne on a yacht and a donation that never happened.
The political media are living in a little Westminster bubble trying to write the narrative and spoon feed to the rest of us.
When you hear someone non political telling you that they were laughing at the this Osborne non story, because after blowing up Labour for a few weeks they wondered when they would then turn on the Tories, you have become too predictable.
floatingvoter
October 26th, 2008 8:37pm Report this commentI think it is a bit more than the Tories haven't made enough capital out of the current / coming recession. It is more like they have been useless. What neither party have said is that the world has now changed and that they have the flexibility to change to respond to it.
Stephen H. Osborne
October 27th, 2008 5:37am Report this commentLong live the British National Party quiet revolution our only hope. Why on earth does anyone concern themselves with Gormless Brown these days?
Phil
January 1st, 2009 7:43pm Report this commentDebt-pusher,
vote-whore,
poverty-pimp.
Phil
January 1st, 2009 7:51pm Report this commentBrown is being shielded by the BBC and its constant moderation of anything negative regardless of whether it is objective.
Also, I wish someone would have the balls to examine the fact that Brown took many holidays on Cape Cod with the Democrat bigwigs who were the architects of the sub-prime lending catastrophe. It is even quite likely that Brown put them up to it and is in fact to blame for just about everything.
I'm not joking.
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