Daniel Hannan. Prescience personified.
Posted on 23. Oct, 2009 by RK in United Kingdom
Today we’ve learnt that the United Kingdom is still in a recession. And a record breaking recession at that! Since records began, we are in the worst situation the country has seen. Six (count them) quarters of economic decline has now passed and Brown and Darling have yet to be heard to utter once again that they’ve ’saved the world’.
Our Prime Minister has harped on endlessly over the past 18 months about how Britain is in the best shape of all countries to exit the recession, thanks to Labour and their genius SPEND SPEND SPEND policy. Well if there were ever any evidence that Mr. Brown wasn’t acting on any sound economic theory, it’s come today.
Our continental colleagues are out, so why are we still bearing the brunt of the economic landslide? I think Daniel Hannan put it far better than I ever could. Let’s recall what he said to Brown’s face in European Parliament nearly exactly 7 months ago:
You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line. You know, and we know, and you know that we know that it’s nonsense! Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so; the European Commission has said so; the markets have said so – which is why our currency has devalued by thirty percent. And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government.
Or let’s watch it a la KRO:
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