How long will the recession last?

January 30, 2009

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It might be hard to cast your mind back to the summer of 2007 when Brown was ridding high in the opinion polls, the sun was still shinning, people had jobs, and no one had heard of a thing called “the credit crunch.” It was during this time that Brown announced his GOAT’s (Government Of All the Talents) most of these have by now gone (rats abandoning the sinking ship) leaving poor Quentin almost on his own. Brown also announced a series of special advisers such as Alan Greenspan, Bill Gates and others. He wheeled these men out now and again for photo opportunities, and to show us what a world statesman he was.

 

Well now it seems that the latter of these “special advisors” has just delivered another bombshell straight into the Brown bunker. Microsoft founder Bill Gates has said today that in his opinion it could take as much as FOUR YEARS for economies in trouble (i.e. ours) to return to positive growth!

 

He said that the upturn would need to be driven by innovations in science and technology. It’s a pity then that University science and technology departments across the country have been closing down courses or shutting their departments in record numbers over the last ten years because of a serious lack of funding. Why did the government waste our money creating non-jobs for an overreaching, bloated state, instead of investing in our future by funding science education and technologies that could now be helping us to deal with the recession?

 

But why should we listen to Bill Gates, it’s not like he’s the wealthiest man in the world who played a major part in revolutionising the way we live our lives and creating wealth and jobs for millions of people across the globe. Obviously Brown knows best, after all he says we are best placed to deal with is recession, and we will emerge faster and stronger than any other leading economy. Somehow I doubt it.

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Brown’s Breakdown

January 30, 2009

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It has by all recognition not been a good week for the embattled “great leader.” This was a week which saw the government’s majority slashed to just 18, which resulted in Andy Slaughter a PPS resigning from the government, and the IMF report stating that the UK will be the worst performing economy in 2009 with projected negative growth of 2.8 and a debt that will take TWENTY YEARS to pay off. As if all this wasn’t bad enough there were also rumours that “the one” (Obama) may not come to London for the G20 conference, shock horror!

 

All this seems to have been too much for Brown who was claimed to be “tearful and dewy eyed” by Labour MPs. The PM broke down as he called the Labour rebels into his Commons office one by one and pleaded with them to back the Government. According to one MP who voted with the Tories on Heathrow the PM said “if we lose this vote it will de-stabilise the Government and de-stabilise the markets.” Mind you this was a bit of an improvement from the press conference he gave on Monday when it was claimed by some that he “wet himself,” there is no substantial evidence for this but the fact this rumour is spreading shows how far confidence in the PM has fallen.

 

It may not be surprising, that the PM is breaking down as the wheels begin to come off the engine of state. The pressure on him is enormous, but I can’t help but feel that he brought it on himself. If he had not gone round claiming he had “ended boom and bust” and that he had “saved the world” he might not have found himself in such a position as the second banking crisis hits.

 

I genuinely believe that in Brown’s head he has constructed an alternative reality which he passionately believes to be the truth. If he were to admit to the rest of us even the tiniest doubt about what he is doing it might just tip him over the edge. That is why Downing Street said this week that Brown was right and the IMF was wrong, and why Brown continues to fob off Cameron at PMQs. How long will it be I wonder before we are forced to beg the IMF for a loan and the PM will be wheeled off in a straight jacket?