Ultimate slam on UK Prime Minister.

[ginge51]

http://www.youtube.com/watch?v=94lW6...layer_embedded

About damn time old wobbly eyes was put in his chair.
See the smug grin though?
In 1 ear out the other.

[Gary L]

He knows he's doomed us all. he probably can't sleep at night worrying that everybody thinks he's the biggest failure this countries ever had

[Mick Fisher]

You are probably right Gary but I bet the smug Git doesn't have trouble sleeping.

[Ravenheart]

As usual gormless Gordon just grins like idiot he is.

Great speech tho

[Sirius]

The term is " Dead Government Walking" with a soon to be ousted Prime Minister at the front of the procession

[Help!!!]

Great speech, direct and to the point!!

[Ignitionnet]

Very good speech, shame that Brown doesn't care and will merrily go and pontificate to the G20 about how great his decisions have been and what superb care he's taking of the UK economy.

Oh that'll be shortly before he forces the UK to go cap in hand to the IMF having mismanaged the economy for a decade and pushed it into a gutter.

http://www.guardian.co.uk/business/2...-recession-imf
http://www.telegraph.co.uk/finance/f...warns-IMF.html
http://news.bbc.co.uk/1/hi/world/europe/7960109.stm

UK government gross debt, close to 40% of GDP in 2007-8, is expected to rise to nearly 70% of GDP in 2013-14.

And this cretin has the nerve to pontificate to other nations, he tries that on anyone they should point him to the mess he has created at home.

[frogstamper]

Strange though that President Obama is going down the same path as GB isn't it? aiming to stimulate the economy by spending now on public projects, tell me what the Tory alternative is, baton down the hatches and every man for himself.

Oh that'll be shortly before he forces the UK to go cap in hand to the IMF having mismanaged the economy for a decade and pushed it into a gutter.

Absolutely ridiculous, Britain is nowhere near the situation it was in when Healy went to the IMF in the 70s, as regards mismanaging the economy from day one as chancellor, where were you in over a decade of boom.
GB certainly isn't my favourite politician but making claims like that are fanciful, whoever would have been in power during the last ten years wouldn't have done a lot different concerning the economy, if it had been the Tories they would have given out more tax cuts and spent less on the public services, but we'd still be in this current situation.
But muddying the waters with claims of total financial mismanagement over a decade which just by fluke gave us the longest period of growth in modern times sounds like a case of sour grapes.

Gordon inherited an economy on the bounce heading well into good times before he came along he is not some sort of genius that did it all for us he hardly had to do a thing but take ten years of credit for it and tax the hell out of us all the time acting as though we should thank him for it.

This guy has landed us the taxpayer with huge debts that will have to be paid at some point in the future long after gordon goes away on his gold plated pension not having to worry about the mere mortals he has dropped upto their neck in debt.

All of this and the guy will still not take a single shred of blame for anything that has gone wrong even though everyone else has apologised. He and his party can't disappear fast enough for me and many others in this country who now have very hard lives purely because they were encouraged to borrow borrow borrow from a financial genius like GB.

[Ignitionnet]

Originally Posted by frogstamper

Strange though that President Obama is going down the same path as GB isn't it? aiming to stimulate the economy by spending now on public projects, tell me what the Tory alternative is, baton down the hatches and every man for himself.



Absolutely ridiculous, Britain is nowhere near the situation it was in when Healy went to the IMF in the 70s, as regards mismanaging the economy from day one as chancellor, where were you in over a decade of boom.
GB certainly isn't my favourite politician but making claims like that are fanciful, whoever would have been in power during the last ten years wouldn't have done a lot different concerning the economy, if it had been the Tories they would have given out more tax cuts and spent less on the public services, but we'd still be in this current situation.
But muddying the waters with claims of total financial mismanagement over a decade which just by fluke gave us the longest period of growth in modern times sounds like a case of sour grapes.

Decade of boom? I'd go along with that, the financial cycle was well on the up, which makes stats like these even more regrettable:

UK Budget Deficit:
2002: 1.53% of GDP
2003: 2.91% of GDP
2004: 2.94% of GDP
2005: 3.23% of GDP

Oh and we now have the 13th highest tax rate as a % of GDP in the developed world, it's been constantly rising, so even with this boom period Brown as chancellor both increased taxes and ran deficits.

We are now predicted to have a debt of 70%+ of GDP in the not too distant future. Brown both taxes us into unconsciousness and will have to continue to do so apace having urinated all the increased revenue away.

It's why we're officially the least prepared of the G20 for the recession. That is purely a result of GB's tax and spend. Using the increased tax revenue to pay the bills would have left the UK in a stronger position, as it is even the BoE is begging Brown not to push through a second stimulus as we can't afford it. To say that there was nothing anyone could have done better is a ridiculous statement. Brown believed his own hype about the end of boom and bust, totally ignored his own 'fiscal rules', totally ignored the economic cycle and continued to borrow on unproductive investment. Indeed continues to do so.

I should mention I'm not that alarmed as I'm emmigrating, I hope you'll enjoy paying the tax bill from the mismanagement you appear to think didn't happen.

[frogstamper]

I grant you Rizzy he did inherit a good economy, but to infer he somehow blundered through ten years as chancellor and fluked the best period of growth we have ever had is disingenuous to say the least.
Just to make it clear I'll be happy to see the back of him, and I grant you his made some monumental cock-ups one being selling a large chunk of our gold reserves for a crazy price.
But whatever his faults he has been the most successful chancellor of modern times, don't forget the Labour party did win three straight elections, if he was as much a disaster as people like to make out why on earth did the Labour parties poll ratings go up at the last election when the Tories ran their, "vote Blair get Brown" campaign.
Like all governments there has been a sea change in public opinion, also helped along by a world wide recession, and basically their time is up.

Froggie no disrespect m8 but for the last few years i have heard people that know about economical things stating clearly the policy brown was pushing was going to lead to one hell of a problem and funnily enough so far those people havn't lost much as they reinvested in other things or moved to safer investments (my brother being one of them).

He is not this genius that he would like us to believe and you say he couldn't have fluked the last ten years your right he hasn't he urged the public to go on the credit merry go round that has ended so well. He talks one thing and does another and thats the example he set as the chancellor and now he sits there lecturing everyone who decided to have that attitude and it all went wrong.

Once the ship is in calm waters all you need to do is keep an eye out and prepare for when things turn bad well he did one and completely failed on the other. We are going to be paying for GB and his genius for at least a couple of decades to come so in a few years time when your kids start working and their pay is going in high tax try telling them how good a chancellor GB was because i don't think history is going to be agreeing with you m8.

[Ignitionnet]

Yeah he's been fantastic.

http://www.telegraph.co.uk/finance/f...K-economy.html

The UK Debt Management Office (DMO) attracted just £1.67bn in bids for its sale of £1.75bn of 2049 gilts this morning, its first uncovered auction of conventional gilts since 1995.

The cover of just 0.93 times is believed to be the lowest in history and far worse than the 0.99 times in 1995. The average cover of the last three auctions was 2.1 times.

Failure raises fears that the Government may not be able to secure the billions of pounds its needs from the markets to fund its record fiscal deficit without paying far more for the money, and reflects concerns about UK economic stability.

That is not down to the global recession, it's down to the appauling state that this most successful chancellor of modern times has left the UK economy in to weather this storm. He ran deficits and invested unproductively leaving nothing for the lows in the economic cycle, with the result that the UK economy is still going to be in recession when our competitors are recovering and back in GDP growth (source IMF).

http://www.guardian.co.uk/business/2...o-last-longest

[frogstamper]

Guys guys I don't want to come accross as GB's cheer-leader, what I'm trying to get accross is what I said in an earlier post, that irrespective who was in power we'd still be in this situation.
The other day David Cameron came out and apologized for the "cozy consensus in the boom years", granted tax would have been a little lower had the Tories been in office but DC himself had the plan of sharing the proceeds of growth between investment in public services and tax cuts, so it seems to me none of our political leaders would have fared much better than Brown, with the possible exception of Vince Cable.

There is no doubt we would be in recession whatever had happened here but what is annoying so many people is that despite ten years of boom we saved absolutely nothing and are in a perilous state that we didn't need to be and if for nothing else GB has to answer for that. Instead in true GB fashion he is off once again around the world saying he has all the answers and that everyone should listen to him and the rhetoric is starting to wear thin with a great many people and countrys.

As for the obama aspect and why is he following the GB plan who the hell knows maybe he is just stuck and grabbing at what everyone seems happy with ie throwing money at the problem which more and more economists are starting to say is not going to solve this. Personally i am angry enough at GB for the mess he has us in but if he doesn't pull his head in soon he is going to strain international relationships doing yet more damge to UK plc and our future that he spent the ast ten years telling us was safe in his hands .