Wednesday, April 15, 2009

John McDonnell on Gordon Brown

McDonnell wrote: "Brown needs to realise that for the general public the Governments treatment of Bankers Bonuses is the key test of Who will Pay for the Crisis. I have called upon the Prime Minister today (8th Feb) to get a grip and take decisive action over the issue of Bankers bonuses.

Gordon Brown has completely failed to appreciate that the way in which the Government deals with Bankers bonuses is seen as a key test of who will pay for the economic crisis they have caused. Allowing bonuses to be paid to the higher paid bankers who caused this crisis by their greed and recklessness will be seen as fundamentally unfair. Fumbling around with nothing more than ineffective warnings of inquiries is pointless. The Prime Minister needs to get a grip and take the decisive action needed to end the bonus culture and send a clear message that the binge banking party is over."

IMO: I largely agree. Brown has not been able to frame and use his "public/private/partnership" idea in a way which is acceptable and should be obliged to step down well before any election. He has had his chance and has made too many blunders. If he had trod boldly, he might have got results adequate to the electorate, but the Party needs new blood. I would vote Libdem at this time if Labor can't produce better.

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