"crass Keynesianism"

It looks as though

"the saviour of the world" is not universally well regarded. Peer Steinbrück, Germany's finance minister, has said: "Our British friends are now cutting their value-added tax. We have no idea how much of that stores will pass on to customers. Are you really going to buy a DVD player because it now costs £39.10 instead of £39.90?"

...

All this will do is raise Britain's debt to a level that will take a whole generation to work off."

Peer Steinbruk also suggested Mr Brown had panicked by abandoning years of fiscal discipline and budget-balancing policies in favour of Keynesian spending financed by debt. "The same people who would never touch deficit spending are now tossing around billions. The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking."

Peer Steinbrück likened Mr Brown's borrowing binge to the practices that helped trigger the current financial crisis. "When I ask about the origins of the crisis, economists I respect tell me it is the credit-financed growth of recent years and decades. Isn't this the same mistake everyone is suddenly making again, under all the public pressure?"

Crass Keynesianism from the most crass of Prime Ministers, if the cap fits...


PS:
Peer Steinbrück has worked in public administration and has studied economics, just remind me what Gordon Brown's PhD is in... history?