Poor Gordon, poor us (part 2)

I blogged last Friday that Gordon must be beside himself with indecision as to whether to call an early election in October/November or whether and risk losing the election and so becoming the shortest serving Prime Minister or to wait and risk the economy going phut. As the economic signs look worse so the chances increase that Gordon will overcome his natural hesitancy and call a snap election, probably under the pretext of wanting a renewed mandate. I see that he has appointed an election director. The same Labour Party Mouthpiece BBC article manages not to mention the worsening economy as a possible reason for a snap election, presumably because in BBC land all is sunny under Gordon Brown's premiership - "Never a frown with Gordon Brown". Any mention of the worsening economy is linked to the "evil empire", not the USSR this time but, the USA, whose fault any crash would be.

You will notice that there is no mention of Gordon Browns' "No more boom and bust" slogan. This could be because he has spent ten years stoking up the economy with a huge amount of credit and now we are heading towards a crash like we have not seen since the 1930s. If credit becomes harder to get, see my earlier posts, then the housing market will fall which will lead to massive negative equity, much worse than in the 1980s as this time more has been borrowed at low rates of interest that are now rising and have further to go. At the same time unemployment is rising, it is now heavier than it was in 1979 and that is without taking into account the NEETs who this Government have deliberately allowed to rise in number to massage the unemployment figures. Also there has been a huge rise in the numbers of university students since this Labour Government came to power. Much of the increased numbers are there on a lie, they have been told that University Graduates earn more than non-graduates, whilst this was the case before the massive increase in numbers, it isn't now. The reasons for this are two-fold, first because of simple numbers and secondly because the calibre of these extra graduates is so low; A levels have been made so much easier to allow more to get good A level results so as to get to University. We are churning out lots of low quality graduates who end up in the same sort of jobs that they could have entered in earlier times without a degree, except now they have a student loan to pay off; they have however done this Labour government a great service by staying off the unemployment register; to paraphrase JFK, "Ask not what the Labor Party can do for you, ask what you can do for the Labour Party"

So we have the UK and much of the world economy heading for a fall. The Chinese could accelerate this and bring down the US economy if it withdrew investment but this is unlikely to happen. Gordon can see this and knows that he should hold an early election but he has to spin it into a brave determined solution. I predict that he will go to the country in October and aided by the faithful BBC he will win albeit with a reduced majority. I actually hope that he does win because like the 1992 election (but more so) this is the election to lose; when the economy fails the government in charge will be blamed. So don't campaign too hard David Cameron, hold back on you Brest shots and let Gordon get back in. I so much want to see his face as the economy that he has talked up for so long tips over into recession. The blame for the misery this will cause for millions in this country will have to laid upon Gordon Brown and even the best efforts of the BBC and the rest of the MSM will persuade the public otherwise. The crash will be painful and many will suffer but that is a given anyway (it is all but unavoidable), the important thing is that Gordon Brown and the rest of this sorry government take the blame and the opprobrium of the British public.