Friday, September 5, 2008
Time to Take it on the Chin!
"That the British economy has serious problems is pretty obvious. Britain’s housing bubble was more dangerously inflated than most countries’; its households are more indebted; financial services account for a bigger share of its economy; and its government, thanks in large part to Mr Brown, spent with both hands during long years of unremitting economic growth, leaving little scope for fiscal fine-tuning now". “The nine most terrifying words in the English language”, Ronald Reagan is held to have said, “are: ‘I’m from the government and I’m here to help.’” If only Gordon Brown had listened".