So the cat has been let out of the bag, not that it wasn’t already obvious, the “economic prudence” which ended the cycle of boom and bust has ended up in what’s looking increasingly like a bust, as Caroline Flint carelessly left her files open to the prying lenses of the political paparazzi, showing the world just how worried they all are that we’re heading for a 10% drop in house prices and potentially a corresponding slump in the rest of the economy.
This is, of course, especially bad news for Brown, who’s entire reputation has been built on his financial ‘genius’ as if he didn’t have enough to cope with at the moment worrying about the ten pence tax debacle, his chancellor frantically giving away money the government can’t afford to lose, while all at once embarrassing Britain in the eyes of the liberal world by not inviting the Dali Lama to Downing St when even the knuckle dragger in the White House managed to keep his appointment with the Tibetan spiritual leader at the big house.
Add to this the stress of watching his back at all times from the press, the opposition, and his own (rightfully) livid backbenchers, but also from former colleagues and acquaintances in Blair (Mrs), Levy (Lord) and Prescott (Two Jags and a bucket of lard) all revealing semi-salacious memoirs of their time in and around Number 10, all of which don’t paint a favourable picture of dear Gordon, he must be counting the days until he can quit this job.
It’s been interesting watching the various media channels today, the tone has swung from quiet resignation to outraged and shocked in the announcement that the economy is probably screwed. I don’t think anyone will be able to keep up outraged and shocked for too long, no matter how much damage they might wish to inflict on Brown, simply because anyone with half a brain has been able to see that you can’t continue to inflate the countries economy with ultra-cheap credit propping up all retail and property spending, let alone the state spending that was coming out of coffers unknown, we’ve been in a bubble for some time; we can now only hope that the landing for most will be softer than predicted.
Photo borrowed for a spot of Tuesday afternoon photoshopping from The Times.