Tuesday, April 3, 2007

On hols? I think you left the gas on Gordo!!

Brown and his part in your pension’s downfall

Best bit: "This is where the Chancellor's culpability becomes much more apparent. By allowing the housing market to get completely out of control, the Chancellor has stored up the mother of all problems for the future."

Posted by nearly30 @ 06:22 PM (395 views)
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10 thoughts on “On hols? I think you left the gas on Gordo!!

  • Looks like Gordo has a fan in Iain McSquiter!

    He does make some fair points – but pushes for a ‘fairer’ view on Gordo’s actions – which I do not support at all.

    The raid exacerbated the worries of the pensions pots IMHO – for that Gordo is culpable and guilty as charged.

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  • Read the readers comments. It seems clear that Gordon wouldn’t stand a chance of getting the First Minister of Scotland job! But will he be PM of the UK? It seems only factions within Labour want him. The rumblings about needing higher rising interest rates from the likes of Martin Weale, the accusations of stalinist behaviour from former senior civil servants, the admission of over-expansive monetary policy by Eddie George, all suggest to me the knives are out for him. The Blair camp clearly don’t want him. – Beware the ides of March, Gordon!

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  • I like Gordon’s comment on ITV News a few minutes ago where he said “the right decision for the future of the economy”. No mention of whether or not it was the right decision for peoples pensions. The man reminds me more and more of Mussolini, after all he was a dictator and had the catchphrase ‘Il Duce ha sempre ragione’ ‘Mussolini is always right’. Perhaps he could bring back Brown Shirts when he’s got his hands on power just like another dictator did, one things for sure any dissenters in the ranks will be purged if he makes it to PM just like Stalin did.

    I think I’ll get ‘Animal Farm’ out tonight and have see which animal Gordon is.

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  • japanese uncle says:

    Give it a break. All of this were known to all including kittens and toddlers around the bend for the last 8 years. Why now? Why not when quite a few pensions collapsed, to throw thousands of retiring workers into hell. Who were praising him as the best chancellor in decades, just a couple of years ago. Ludicrous, indeed. Some journalists aren’t they?

    Seems like the someone really has given a cue, to bash him into a brown thing.

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  • royston – very true – seems Gordo will not have much hope of a ‘smooth transition to power’ in the next couple of months – hey it may even mean that someone else may come forward – the Anyone But Gordon (ABG) candidate that many Labour MPs are scrabbling to find.

    Let’s hope it’s not the Steven Miller Band – sorry David Miliband – Tony’s mini-me!

    My guess in on John Reid – oh sh*t!

    Oh well – he can claim ‘House’ for MP Bingo:

    Opposition Spokesman on Children;
    Opposition Spokesman on Defence;
    Minister of State for Defence;
    Minister for Transport;
    Secretary of State for Scotland;
    Secretary of State for Northern Ireland;
    Minister without Portfolio and Party Chair;
    Leader of the House of Commons;
    Secretary of State for Defence
    Head of Home Office.

    Oh and Labour Conference Doorman!

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  • japanese uncle says:

    Michael Meacher is the man.

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  • Gordon Brown – The man that destroyed Britain’s economy and also the social fabric of the nation at the same time with his lunatic unaffordable idiotic policies. The Pensions crisis is another example of his deceit and dishonesty.

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  • Not to be rude, but I always thought a major reason the pensions were in crisis was the stock market bubble of the late 90s bursting, essentially destorying their value in a couple of years. Or were they in crisis in the late 90s as well?

    But hey, there is a bandwagon to jump on. Like buying up housing stock, or is that a different site?

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  • Wheezy – The problems that occurred after the stock market bubble burst were created by policies (e.g. allowing companies to take pension holidays) based on a complete ignorance/wilful disregard of economic history/the exponential function (i.e. that the growth of the preceeding 10 years would continue etc.) . The previous government had a hand in it too.

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  • d’oh – I agree – this is no way directly Gordon’s fault – but his lack of taking advice on the matter shows arrogance and with what Eddy George has been saying recently about knowing there was a likely recession in 2000 – Gordon acted inappropriately and showed a lack of will to maintain pensions provisions long term. It appears as though he wanted short-term glory – and IMHO he was instrumental / inculcated in the house price boom. An obvious situation if you make pensions far less an attractive proposition for people.

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