Economy and Gordon Brown are finished

Story link: Economy and Gordon Brown are finished

The old saying goes ‘Prevention is better than cure’.
The problem is, Gordon Brown and the rest of the UK Government are acting on problems after they happen and not before.
For example, interest rates are a method to stabilise the economy, on a regular basis, its not as simple as slashing them when the economy crushes itself.

Economy and Gordon Brown are finished

In these hard times, there is a lesson from Hard Times for all involved in the disintegration of Britain’s finances. Thomas Gradgrind, Dickens’ unlovable utilitarian, insists: “Now, what I want is, Facts. Teach these boys and girls nothing but Facts. Facts alone are wanted… Stick to the Facts, sir!”
Who remembers Facts? They are what I used to believe were contained in the annual reports of reputable banks. How gullible. For a start, the juxtaposition of “reputable” and “banks” forms a glaring oxymoron. If the credit crunch has taught us nothing else, we now know that the balance sheets of institutions to which we entrust our savings and investments contain precious few Facts.