January 23, 2009
Gordon Brown admits failure
Story link: Gordon Brown admits failure
The markets have hardly seized up totally. Shopping malls still have customers, people are still driving cars, buying food, just not at the rate they were before, which is mainly down to a mixture of less sub prime lending and mass unemployment.
See to these two matters as a priority and we might start getting somewhere.
He said that despite warning about the possibility of some breakdown in the markets it was impossible to predict over the past 10 years that they would seize up totally.
The Prime Minister refused to admit that Britain was living through “a bust” and repeatedly failed to say that in fact he had not abolished “boom and bust” – an achievement he often claimed while he was Chancellor.