Reassured?

Submitted by chris on Tue, 30/09/2008 - 8:01pm.

Gordon Brown was quizzed by Channel Four's Jon Snow about the global financial crisis on Tuesday - given there is still yet to be a done deal in the United States regarding a £700bn bailing out of Wall Street's irresponsible bankers.

Brown said he hoped there would be a resolution to the crisis for the sake of the people around the globe.

But he said the UK was in stormy and unchartered waters - but the economy was in a better position to weather the economic storm.

However, the experienced Jon Snow warned Brown that it was on his watch that he presided over banks lending money, exorbidant 120% mortgage loans to people unable to repay them, as well as a booming economy now looking 'bust.'

The deal cannot fail said Brown. But he dodged the issue of what happened to the economy on his watch.

Brown said he was doing all he could to help the US seal a deal.

Meanwhile, David Cameron was taking the softly softly approach.

He told Channel Four that to be 'responsible' would be to not promise tax cuts, because, he said there was no money to dish out.

I was not reassured by Brown's botched interview.

Labour's famous tactic in this crisis is to dodge the tough truth that Brown made a major boobie as Chancellor. Not just the 10p tax issue, but the fact that he didn't manage the boom/bust theory very well.

I am very sure that if the economy was in a healthy condition - Brown would be boasting about it. As it goes, he still believes he is the man to steer them through these 'stormy and unchartered waters. Perhaps he is as God fearing as Tony Blair and believes God will aid him through the tough times?

Let's see what Cameron has to say in his speech tomorrow.

I congratulate Snow on his question regarding the mortgage issue. Exactly what I've been saying all the time.

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