Friday, Jan 23, 2009
Its now the wrong type of recession
The Times: UK recession unlike any other, says Gordon Brown
""This is a completely different type of event, as everyone recognises." Mr Brown declined to detail the level of taxpayers' exposure to the financial crisis through the multibillion pound schemes to bail out the banking sector, despite a call from the Treasury Select Committee for the Government to come clean.
Posted by sovietuk @ 12:46 PM (793 views) Add Comment
8 Comments
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1. maddison said...
It's different this time....."
2. it_is_going_with_a_bang said...
It wasnt caused by "any domestic economic mismanagement" ?
How strange that he should hold such an opinion.
So 10 Years of being chancellor had nothing to do with it?
Very convenient - "not me guv".
3. magnifico said...
Never mind Brown, when you lose your job you can be hired by a Railway Network firm. They desperately need people who won't smirk when saying " It's the wrong type of leaves/ snow".
4. phdinbubbles said...
Don't blame it on the sub-prime
Don't blame it on the gobshite
Don't blame it on the good times
Blame it on the "complete market failure" set off by the sub-prime crisis in the United States.
Ow (Sub-prime)
Ooh (Gobshite)
Yeah (Good times)
Mmm (Complete market failure)
5. rm96696 said...
You blithering idiot! Didn't a 170% run up in house prices in 10 years based on nothing but the reckless lending you talk about set any bells rining in your head? Why do you think the banks and building societies are bankrupt? Are you, as northern rock claimed, an innocent victim of the credit crunch? At least own up to your responsibilities or resign!
6. japanese uncle said...
It reminds me of the BR making excuse for the delayed trains, 'blaming wrong kind of snow on the track'
7. flintster1994 said...
Great comment from a Timesonline reader;
"Why are people called Consumers? I think people will look back to this age and wonder why people were labelled as cattle rather than people. In order for the economy to recover it has to bring jobs back from the east. Living standards, purchasing power and wages must drop..is why the £ is sinking."
Richard, Strasbourg, France
This has angered me for ages. They may as well refer to me as a parasite!
It's time for wholesale changes!
8. sold out said...
Thanks phdinbubbles made me really laugh your little song, and so so true.What i still find amazing is how the media commentators are letting him get away with this kind of drivel, blaming everyone else but himself. The economic magic that he weaved as chancellor is why the UK is worst placed of the G8 (or even G20) to cope with this crisis.
The epitah for this man will be ugly.