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Tuesday 18 March 2008

It's everyone's fault except the Labour Government

I have just listened to the Toady programme's 08:10 piece on the turmoil in the money markets. It would appear all to be the fault of the banks, the credit rating agencies; practically everyone in fact except the economic genius that has been "running" our economy for the last 11 years. This master economist has been borrowing money but hiding the money "off balance sheet" Enron style and collecting the resulting votes of the "richer" public able to live well off the false increase in the value of their home. Now that the market has turned he is suddenly impotent in the face of the very world markets whose increases he took partial credit for. It's a strange state of affairs isn't it but not one the BBC can be expected to investigate.

1 comment:

Barnacle Bill said...

Yes I also caught that at the end of my daddy's taxi shift this morning.
Like you say there was a distinct absence of any mention of the government's role in this.
So yes all our fault, and nothing whatsoever to do with Mr. Bean & Glove-Puppet Darling.