Thursday 22 January 2009

Gordon Brown Brings Britain to the Edge of Bankruptcy

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Photo of Gordon Brown, the then incompetent Chancellor and the now incompetent Prime Minister, courtesy of The Telegraph

THE TELEGRAPH: Iain Martin says the Prime Minister hasn't 'saved the world' and now faces disgrace in the history books

They don't know what they're doing, do they? With every step taken by the Government as it tries frantically to prop up the British banking system, this central truth becomes ever more obvious.

Yesterday marked a new low for all involved, even by the standards of this crisis. Britons woke to news of the enormity of the fresh horrors in store. Despite all the sophistry and outdated boom-era terminology from experts, I think a far greater number of people than is imagined grasp at root what is happening here.

The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic. >>> By Iain Martin | Wednesday, January 21, 2009

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