When $1,100bn is really $100bn

The FT reports the really quite unsurprising news that Gordon Brown's great success at the G20 summit in guaranteeing a $1,100bn "programme of support to restore credit, growth and jobs in the world economy" was of course, like most of Gordon Brown's much vaunted successes, illusory. In reality

"When all the sums are added together, rather than $1,100bn, the new commitments appear to be below $100bn and most of those were in train without the G20 summit. While the inflation of relatively small and old commitments into an enormous number does not render the summit a failure, the desire to produce large headline numbers as the main result of the gathering suggests the divisions and spats on other issues were considerable."

Well done Gordon, another success to add to your long list... I really despair of Gordon Brown, he was a crap Chancellor of the Exchequer, he's a crap Prime Minister and almost everyone seems to realise it apart from him, his cabal of ministers and advisers and the BBC.