There’s something funny in Gordon Brown’s (and the Labour Party’s generally) political response to the economic crisis – which Larry Elliott picks up on in today’s Guardian. Elliott points out – rightly – that the “bust” we’re currently experiencing, accompanied by reckless behaviour in the City, should be prime political real estate for Brown et al.:
While I don’t think the solution to the current woes is excessive government meddling in the financial world, it’s hard to imagine that the Labour party wouldn’t now be crying bloody murder if they were in opposition, asking the electorate to give them a chance to sort things out.“this is a time made for a party of the left prepared to intervene to tame the wild excesses of deregulated financial markets and to use the full armoury of the state to help all its citizens through troubled times.”
Unfortunately for Brown it was Labour that was meant to end ‘boom and bust’.
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