Saturday 22 November 2008

Alistair Darling - you'll make things even worse

Telegraph:
"Unemployment is at an 11-year peak. Confidence has not merely evaporated: it has been replaced by fear. And I have yet to speak to anyone in the financial world who imagines things can do anything except get worse."
"We shall watch Mr Darling on Monday to see whether he recognises that Labour's gravity-defying economic behaviour has to stop. I am not hopeful. If he doesn't cotton on, prepare to emigrate. As the song didn't go, things can only get worse.
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The Prince of Darkness - and what price an early election?
"It is hard to exaggerate the scale of the economic crisis that is set to hit Britain next year, and the terrible pain it will bring."
"Ultimately, voters will realise that it was neither David Cameron nor George Osborne who got us into this mess. The architect of the economic disaster that Britain faces next year was Gordon Brown.
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We said that the bail-out would fail (Telegraph)
"We tried to warn you. We said that the bail-out would fail. We pointed out that nationalisation never worked. We predicted that the seizure of the banks would be accompanied by heavy-handed state intervention in their procedures.
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Gordon Brown is considering a 4 June election, despite his denial
"One thing we can say for certain, though: he is plainly considering the idea."

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