Tuesday, 6 April 2010


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Election finally kicks off

We're off. This election will be fought on the grounds of 'it's the economy stupid'. Amazingly, Brown really thinks he has saved the world from devastating depression, and denies ever saying that his policies would end boom and bust. The fact is that Brown manufactured the boom by encouraging massive consumer spending based on borrowing rather than income, sat back while house prices rocketed, failed to heed the warnings of outrageous financial gambling, and doubled government spending and bureaucracy - most of it wasted. Yes, Brown made the boom and gloried in it; but his boom had no solid foundation, just like the internet boom and bust at the beginning of the decade. The inevitable result is bust - he did it to the UK all by himself, just like Nick Leeson did it to Barings. There was no way back for Barings, but for the UK we'll all have to pay out of our pockets for decades. Whatever else, we must get rid of Brown.
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