Sunday, October 12, 2008
I do wish Gordon Brown would just Shut-Up. Every statement about the credit crunch is qualified by "Crisis/Credit Crunch/etc....WHICH STARTED IN AMERICA". And in this, he is, in no uncertain terms, attempting to absolve himself and new labour and hoist the blame upon the Americans. Now, by now, everyone will know that I am left-of-center, and by instinct naturally sympathetic to labour. But just as there was a lot of smoke-and-mirrors by new labour on the fiscal side (with PFIs, further lame-ass privatizations etc.), so too was Gordon Brown presiding over the largest continuous unadulterated real estate price rises Europe had ever seen with nary a thought or comment about the eventual effects upon bank-balance sheet, public finances, financial system risks, almost assuredly because of political repurcussions (The Carter Effect - Don't announce negative news). And so, now, he continues the charade by including in the same breath the fact it was the America's fault, and American disease, a yankee virus, when the reality is that it was homegrown, encouraged, and milked by Mr Brown for all it was worth until such time the chickens came home to proverbially roost. Shame on you, Mr. Brown. Shame! Shame! Shame!