"The sun is rising on our borrowing bacchanalia..."
Peter Hoskin 5:31pm
Iain Martin highlights it over at Three Line Whip, and rightly so - Jeff Randall's hatchet job on Alan Greenspan is essential reading. Not only does it flag up Greenspan's role in our current financial difficulties, but it also contains this great quote from Michael Bloomberg:
"The economic uncertainty our two countries [America and Britain] face today is beginning to feel similar to the economic downturn we experienced six years ago...
...But this time the stakes are higher because more people owe more debt and so do our governments. It's time for us all to get our houses in order because the sun is rising on our borrowing bacchanalia."
I still can't believe that - in his article for the Sun today - Gordon Brown spun the Government's mountain of debt as a good thing. Even from the arch-deceiver in No.10, I expected an embarrassed come-down on the matter - something about how high borrowing is "sadly inevitable" because of "global forces". Instead, his suggestion that good Government policy has allowed us to borrow "at exactly time when the economy needs the support" is utterly shameless. Bloomberg's words should be pasted on every lamp-post, lest anyone actually believe our Prime Minister.
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Ian C
March 19th, 2008 6:38pm Report this commentFor those who want to complete the picture of what's needed in these tough times, having read Geoff randall, I recommend you read Simon Heffer in the centre pages of today's Telegraph also. While he is very hard on Cameron who has yet to fly his full colours, he has a point as to what we must expect of the next leader of Britain, whoever he/she is. And most will assume it will be Cameron.
john problem
March 20th, 2008 8:39am Report this commentSo here's the strategy, Gordon. We give as many handouts as we can and who cares if we drive up the national debt. The handouts might just get us back in. If they don't, we leave a helluva mess for Cameron - he gets the chop soon and we're back in again. Neat, eh? What did you say about the people? Oh, come on, Gordon. Do me a favour.
EyeSee
March 20th, 2008 12:56pm Report this commentPeople don't check (or even think, these days). So Blair's strategy to seize power in 97 by lying to the people won such a prize that there is now no better way to operate. Which is why we must challenge these oafs all the time and why we must tell people to think for themselves. We must call a liar a liar. Brown, you're lying.
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