Monday, Nov 26, 2007
Smith admits he was wrong on economy
The Times: Darling sups from poisoned chalice
"Well, I was wrong"
Let's wait for the backtrack on HP - I'll give him 6 months
The longer he leaves his admission on HP the more of a plonker he will look
Posted by sold 2 rent 1 @ 06:33 AM (606 views) Add Comment
8 Comments
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1. soldinjune said...
"When it comes to the public finances, the economy is ill-equipped for a downturn. Cumulative net public borrowing this fiscal year is £24.2 billion, £7 billion up on the corresponding period last year. The cumulative public-sector current budget deficit is up £4 billion."
As a child I was taught to save for a rainy day.. It's now Pi$$**g down and we have no protection!!
2. Andyh said...
Smith has got some nerve. For the past 5 years he has babbled on that debt didn't matter, now its dawned on him there is a problem. Its the same with the peak oil issue - I gave up mailing his column trying to get him to at least consider the possibility we have run out of cheap oil. Problem is his ill informed opinions are actually dangerous because folk think he actually carries some authority.
3. sold 2 rent 1 said...
Andyh,
Spot on.
4. paul said...
Oh, the idiot
savantthat is David Smith.Yet again he backtracks on his earlier proclamations.
Is he very slow at understanding the economic climate, very ignorant or a just a misty eyed myopic?
5. Notbuying said...
No, he's just a journalist.
Old adage:
Those who can do it make money out of it.
Those who can't make money out of it teach it.
Those who can't teach it write about it.
Still holds true.
6. Notbuying said...
"The prime minister cannot be blamed for the credit crunch"
He can and he should be. These things build up over years, not over a couple of months. BROWN set the stage, BROWN supplied the actors, BROWN even wrote the script. Then he went and sat in the front row after pushing Darling through the curtains just before the sh*t hit the fan and the rest of the audience started booing. Darling's just a fall guy, a stooge put in place by Brown to clear up Brown's 10 years of excess mess, except he's too dim to see it because he was congratulating himself so much on being "promoted" to Chancellor. Brown is to blame for the credit crunch, not Darling. Get that fact into your heads.
7. denzil said...
Crikey, Smith, he of oil will soon return to $40 a barrel fame.
He has gone up in my estimates because not only is he a fool but he is a fool who admits he is a fool.
He would really benefit from reading this blog occasionally because he is now saying what bloggers have
been stating on here for at least the last 18 months.
8. dohousescrashinthewoods said...
Notbuying, I couldn't agree more.