Monday, Jan 26, 2009
Stop muddling through everyone
BBC: Brown warns against 'pessimism'
The economic crisis should be treated as "the difficult birth-pangs of a new global order", Prime Minister Gordon Brown has said.
In a speech he promised to fight to prevent the UK and other countries retreating into protectionism.
Mr Brown called for "new rules" for international trade, warning against "pessimism" and "muddling through".
Posted by phdinbubbles @ 10:40 AM (768 views) Add Comment
14 Comments
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1. tyrellcorporation said...
OMG this guy is priceless... and delusional bordering on psychotic. It's scary he's at the helm.
2. titaniccaptain said...
When I hear those words my conspiricy spider sense goes of the chart "New Global Order"...........tin hat on and going into the bunker with David Icke
3. mrmickey said...
Didn't hitler keep on banging on about a new order up to the point where he shot himself.
4. andrew said...
muddling through, who does that remind us of ..... aha, yes
5. tyrellcorporation said...
MrMickey@3 ...we can only live in hope! ;)
6. icarus said...
OK, let's look at the global position. The UK is a relatively small, open economy with large, internationally exposed banking sector, a currency that lacks the dollar's or euro's scope to be a global reserve currency and a limited capacity for raising more taxes. Under these circumstances the balance sheets of UK banks are too big and the quality of their assets too toxic for the state to guarantee expanding shares of their liabilities without impairing its own solvency. It therefore risks runs on these banks, its currency and on its sovereign debt. Brown is digging the country deeper into this hole while spouting 'globalisation' as the answer. Why is he doing this?
7. sold out said...
"the difficult birth-pangs of a new global order",
Birth Pangs!!!
Stillborn more likely.
Brown and Nu labour are finished IMO.
Phdinbubbles,
Your version of blame it on the boogie the other day was brilliant, thanks for the laugh, funniest thing i have seen on hpc for years.
8. The Baldman said...
Many of our problems have been created by unregulated globalisation in the financial services sector. Brown shoudl admit that he presided over this and shoudl now resign before he does more damage.
9. vindicated said...
Ok, after 21 hours in labour (ha! I can see why they call it that now....), I feel I can speak from experience....... if what we are encountering at the moment are mere 'birth-pangs'...then we're fubar'd!!!!! We're doomed Mr Mannering!!!
This man has me officially freaked out now. Seriously...I'm scared. If he was ever in posession of 'the plot', he has most certainly well and truly lost it!!!!
10. sold out said...
12 years of Labour, it's becoming very painful.
when is the pain relief gonna kick in?
11. Downhill said...
"the difficult birth-pangs of a new global order"
Don't say he didn't warn us.
12. Crunchy said...
9. sold out said...12 years of Labour, it's becoming very painful.
when is the pain relief gonna kick in?
Brown... When we print shed loads of dosh to tide me through untill the next election!
13. phdinbubbles said...
@sold out
Thanks
14. letthemfall said...
"But that would reduce global growth, deny us the benefits of global trade and confine millions to global poverty."
Well, we certainly wouldn't want to get back to that state would we?