Have you seen this latest example of Gordon Brown's "Prudence" as Chancellor?

Question

No wonder he wrecked our economy if he can get simple sums like this wrong!

http://www.timesonline.co.uk/tol/news/politics/article4641415.ece

Answer 1

He has not wrecked the economy. The economy was nothing to do with him. You should stop reading and beleiving the press. Capitalism is all about boom and bust. Once we come out of this GLOBAL economic downturn (incidentily triggered byt eh subprime market in the U.S.A which has had a knock on effect for every major economy in the world) we will boom for anohter 20 odd years. Then, who ever is in government will experience the same. Guaranteed. You really should do your own research and stop being spoon fed Brown bashing rubbish. Whats happening is completely out of his control. Commodity prices GLOBALLY are going through the roof (China is consuming by the shed load) and everyones economy is contracting. What the problem is is were to fixated with celebrity and want some grinning idiot like Cameron or Milliband in power cos there 'young' and speak c**p for a living. No substance at all with these guys. But with Brown, someone who actually knows what he's doing but just cos he looks like your grandad, everyone thinks hes incompitent.

Answer 2

It beggars belief doesnt it?

And him being scots and all, who are usually good with their money.

Everyone knows leasing isnt cheaper in the long run.

Answer 3

If  this is a prime example of Gordon Brown's so called 'prudence'!Heaven help us!

This political cretin keeps saying it is all down to world events.Surely everyone knows that City of London economists and political commentators and politicians such as Vince Cable have been telling the idiot for years!Put some of the money aside for a 'rainy day'!

World financial 'down turns just do not happen over night! But Gordon Brown!The so called 'Iron Chancellor',Yes!There is a joke there if there ever was one! Used ostrich solutions to the financial problem by burying his head in the sand!

The man was OK solving Student Union problems!But;On the main political stage! He is just useless!

Answer 4

Roll on the General election.  

Answer 5

Why is anyone out there still suprised ??

B-Liar and Brown have totally screwed over the UK during the past 11 years.  Even their "new" labour supporters have found them out and are abandoning the party in their droves, like rats leaving a sinking ship.  It is only the die hard, dim witted, totallly brainwashed solcialists of old that still cling on to the belief that "Labour" is "for the working man" LOL !! - Incredible !!

Watch the space below for their rants, lies and spin on this latest New Labour fu^k up ..................

Answer 6

Financial c**k ups  are not unusual in military spending and have been going on long before Gordon turned up. Mind you I don,t take much notice of paper talk, the only truth they carry is the date.  

Answer 7

One can safely put Gordy among those who uttered famous stupid last words, such as the man who said that the world only needed not more than 5 computers, or the man who said that we have conquered infectious diseases when penicillin was discovered, or the man who claimed he had cold fusion sussed.

When he claimed the glory for the growth years, he knew that we were but benefiting from the economic growth that had resulted in the consumer boom generated by technological innovations and the manufacturing output from China and the rest of the world. Britain's economic fortune has little to do with manufacturing these days, but everything to do with consumer spending, the housing sector,  the service industries catering to consumers and industry, and of course, the impact of world economic cycles. There's little we can claim to influence. In fact, monetary policies which are probably the only ones within our control, have very little long term impact on economic cycles. The so-called Kondrateiff cycles are inexorably independent of a small country like ours.

However, the credit crunch problem can definitely be placed at the door of the Bush administration and the Federal Bank. They should have supervised lending and the securitisation of junk debts better. It's a scandal that happened during his term and he has to take the blame. However, by linking our financial system so closely to the US system, Gordon also has to take the rap for the downturn.

Answer 8

Like many thing in Britain today there is no long term credible goals, only short term policy's designed to appear to the then public mood.

The UK today is not a mass industrial manufacturer like it used to be, we have pinned all our hopes in the financial and banking markets, which by there very nature are here today, gone tomorrow, how many major banks in the US have we heard of just recently writing billions of dollars in bad debts.

These write-offs will in time have repercussions around the Western World, especially in countries that do-not have a substantial industrial base.

And for me this is just another example of this New Labour government lousy policy of a quick fix, just like the RAF leasing these tanker aircraft when in fact they should have been bought outright.

Answer 9

Brown is just a SAD SACK ,let's vote the buggers out