UK Recession: Gordon Brown admits he failed to see economic crisis coming

mattheman · 23 Jan 2009 at 18:06

What a joke, many saw it coming, your government along with CB kept rates low an ex mpc member even admited this in sep2005 even went as far as a pop in uk economy.

http://www.telegraph.co.uk/finance/...-he-failed-to-see-economic-crisis-coming.html

bottletop · 23 Jan 2009 at 18:12

Perhaps it was standing in front of his wooden eye, that's why he didn't see it coming.

Still, let's remember folks this is a global problem that started in America, and we are best placed to to withstand these turbulent economic problems (which started in America) thanks to our world-saving leader doing his best for hard working families and businesses.

Tom0 · 23 Jan 2009 at 18:12

Hasn't his hair gone grey quick.

bottletop · 23 Jan 2009 at 18:14

I see gold has hit an all time high in pounds today - over £650 per ounce. Shame gordy sold most of ours off at £200

DJMK4 · 23 Jan 2009 at 18:16

I wish when he speaks he speaks with courage and belief, he just sounds like some moron who has no idea what hes doing and is just about to drop a big load out of his back passage.

vincent1989 · 23 Jan 2009 at 18:17

bottletop said:
I see gold has hit an all time high in pounds today - over £650 per ounce. Shame gordy sold most of ours off at £200

complete idiot isn't he

i bet the average chav could have worked that out (having great knowledge of cheap gold and all that)

i hate gordon brown.

mmj_uk · 23 Jan 2009 at 18:19

I'm not sure yet if Gordon Brown is just incompetant or intent on "aiding" our entry into the EU.

Monkey Puzzle · 23 Jan 2009 at 18:23

bottletop said:
I see gold has hit an all time high in pounds today - over £650 per ounce. Shame gordy sold most of ours off at £200

He would have got more but he announced that he was going to sell off our reserves so gold prices dropped. 'Iron chancellor' my ****; the guy's an incompetent fool.

And now he's thrown our money at the bankers to write off their crap loans in the hope they'll do what he wants and lend to businesses and home owners rather than use the money buying out other banks and becoming greater monopolies.

Solari · 23 Jan 2009 at 18:23

Should have gone to specsavers.

mattheman · 23 Jan 2009 at 18:24

bottletop said:
Perhaps it was standing in front of his wooden eye, that's why he didn't see it coming.

Still, let's remember folks this is a global problem that started in America, and we are best placed to to withstand these turbulent economic problems (which started in America) thanks to our world-saving leader doing his best for hard working families and businesses.

mattheman · 23 Jan 2009 at 18:25

Monkey Puzzle said:
He would have got more but he announced that he was going to sell off our reserves so gold prices dropped. 'Iron chancellor' my ****; the guy's an incompetent fool.

And now he's thrown our money at the bankers to write off their crap loans in the hope they'll do what he wants and lend to businesses and home owners rather than use the money buying out other banks and becoming greater monopolies.

greater monopolies love it, but this is whats happening to all industry, so much for free market forces at play hoping to have a perfect competition.

mattheman · 23 Jan 2009 at 18:27

But he said that the unique circumstances of the financial crisis made this situation completely different to any other recession, because it was not driven by high inflation and wages.

and thats is why its going to be a lot worse you fool.

cheets64 · 23 Jan 2009 at 18:27

He is only human, he still has to go a long way to become more hated than Thatcher, closed the mines etc. , think of the people that would be employed in this country from coal mining.

mattheman · 23 Jan 2009 at 18:29

cheets64 said:
He is only human, he still has to go a long way to become more hated than Thatcher, closed the mines etc. , think of the people that would be employed in this country from coal mining.

brown is hated just as much as the iron lady, but dont forget blair the originator of this mess.

Delbert · 23 Jan 2009 at 18:33

Solari said:
Should have gone to specsavers.

classic....

Seriously though. remember this was the chancellor who decided to penalise pension funds, when everyone knew there was an aging population. If he had left well alone, then the retired folk would be better off and probably spending more... and therefore helping the ecomony.
This lot have basically done us all in for the next 2 generations...

cheets64 · 23 Jan 2009 at 18:36

Delbert said:
classic....
Seriously though. remember this was the chancellor who decided to penalise pension funds, when everyone knew there was an aging population. If he had left well alone, then the retired folk would be better off and probably spending more... and therefore helping the ecomony.
This lot have basically done us all in for the next 2 generations...

What? Every government since Churchill has "done us in" you get on with life and make your life the best you can.

mattheman · 23 Jan 2009 at 18:37

Delbert said:
classic....
Seriously though. remember this was the chancellor who decided to penalise pension funds, when everyone knew there was an aging population. If he had left well alone, then the retired folk would be better off and probably spending more... and therefore helping the ecomony.
This lot have basically done us all in for the next 2 generations...

while you pay for there golden pensions love it, public yet again been conned.

mattheman · 23 Jan 2009 at 18:38

cheets64 said:
What? Every government since Churchill has "done us in" you get on with life and make your life the best you can.

this government has interfered with it more than others.

cheets64 · 23 Jan 2009 at 18:50

mattheman said:
this government has interfered with it more than others.

What? You are talking wet.

Pilky01 · 23 Jan 2009 at 18:54

Brown and Darling are idiots.