Saturday, Aug 15, 2009
Don't believe EAs and Mortgage Lenders says Darling?
Times On line: The chancellor says: Admit it, I was right
Chancellor Alistair Darling “Public sector workers will have to tighten their belts, he says, and he seems gloomy about the property market, saying people shouldn’t read too much into the endless updates from estate agents and mortgage lenders. “
Posted by thirdeye @ 09:59 PM (1025 views) Add Comment
4 Comments
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1. paul said...
Shouldn't read too much into the endless updates from the BBC either then.
2. mark wadsworth said...
To say that AD has no apparent financial/economic skills or experience whatsoever, he is very very good at his job. Sure, I could have done it better, but I actually KNOW a lot more than he does, rather than just making it up as he goes along.
Never forget that he called the top of the property market and the top of the credit bubble in the week before Northern Rock went *pop*
3. uncle tom said...
Mark,
I don't share your enthusiasm.
AD is a politician marking time before political oblivion. He has not shown the slightest real understanding of the job, reading out the statements (including budget speeches) that his officials have prepared for him in a flat monotone that reveals he doesn't really know what he is talking about - obliging him to stick religiously to the text prepared, lest in ignorance he blunders...
This cosy uncritical interview has allowed him to cherry pick events, (as politicans are fond of doing) to suggest that he was the master of his domain; when in truth he has been no more than a hapless serf.
4. alan said...
Copied from the article "Comments":
This must be one of the most bizarre profiles ever published in the Thunderer's history: Alistair Darling 'right' about the severity of the recession? Vindicated? Excuse me if I allow the insertions of some facts here:
1. At the 2007 Labour Conference, Darling's speech was in complete and utter denial of the coming financial mess.
2. Every forecast he has made about the depth of recession has been so optimistic as to be risible.
3. In mid 2008 he said 'I think we can be clear that the banks have learned their lesson'. Oh yes, we're very clear on that one.
4. He and his luckless Treasury are still predicting a big 2010 recovery; in this view, they remain alone.
Dear oh dear oh dear, Ms Oakeshott: clearly you were born yesterday - and thus a job in the Ministry of Truth beckons.
John Ward