A lot of people are opining that the Tories, as a party of a centre-right, are in trouble because of this financial metdown. Nicholas Watt says in The Guardian today that
“[Cameron] faces the same questions being posed to all centre-right parties across the world – and which appear to be inflicting such damage on John McCain’s presidential ambitions. The Tories and the US Republicans are being asked what the champions of light regulation have to say after the spectacular failure of this approach.”
While in the Mail Peter Oborne, one of the smartest people in journalism, writes that
If the Tories were in government they would be done for. People would assume that their economic philosophy has been discredited by the current turmoil and Labour would be able to hammer the Tories as“The Tory Party has a desperate problem in the coming months – how to defend a failed economic system that is core to its political beliefs.”
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