Saturday 24 January 2009

The buck has to stop

Here we are in the midst of a huge financial crisis caused largely by the unsustainable levels of debt encouraged by Gordon Brown and he blames everybody else.

The UK has the highest levels of debt in the World yet Gordon Brown thinks the answer is to borrow even more.

Even the Archbishop of Canterbury thinks this is crazy, and generations to come will pay a terrible price repaying his imprudence. So much for sustainability. We have mortgaged out tomorrows so that the Labour party could create an illusion of wealth today.

Gordon Brown says that all this problem is caused by somebody else. He blames the USA and the banking industry over there. If that is the case, why has Sterling collapsed? Why are we seeing the Pound at parity with the Euro and the value against the Dollar down by 25%.

Sorry Gordon, this buck stops with you.

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