Friday, October 30, 2009
Yup. Just as bad as the other lot.
George Osborne makes a promising start, actually "Why are we faring worse than our competitors? Partly because we had a bigger housing boom, larger credit bubble and a more unbalanced economy than any other major country." So what's the solution? Burst the housing and credit bubbles? Nope. Keep them inflated: "As the Conservatives have argued throughout this recession, the continuing shortage of credit is still the single biggest barrier to recovery. Thatâ€™s why we need to accelerate the recapitalisation of the banking sector and provide more guarantees for new lending."