Best of the Week
Most Popular
1. Will Iran Kill the PetroDollar? - Marin Katusa
2. Tail Events, Isolation, New Normal Of Hyper Monetary Inflation - Jim_Willie_CB
3. Kodak's Former Moment, A Lesson for You, Me and America - Gary_North
4.The Five Stages of Collapse and the Coming Paradigm Shift in Silver - Steve_St_Angelo
5. UK Recession 2012 Certain as Bank of England Prepares to Ramp Up Money Printing Presses - Nadeem_Walayat
6. HMRC Extends Tax Deadline by 2Days for Self Assessment Online Filing - Nadeem_Walayat
7. Gold GLD ETF Investors Mass Exodus - Zeal_LLC
8. Credit Crisis Perfect Storm, Robert Prechter Discusses What's Backing Your Dollars - Robert Prechter
9. Best Cash ISA 2012 to Reduce Stealth Inflation Theft of Value of Savings - Nadeem_Walayat
10.Financial Markets 2012, When Leverage Fails - Ty_Andros
Last 5 Days Analysis
Ben Bernanke is Every Gold Bug's Best Friend - 9th Feb 12
Apple Stock Heading Over $600 on iTV and iPad3 - 9th Feb 12
Money Market Funds Are in the Fight of Their Lives - 9th Feb 12
China's Economic Rebalancing Should Be Good for Gold Demand - 9th Feb 12
Waiting to Pounce on Gold and Silver Profits - 9th Feb 12
Learn How to Apply Fibonacci Retracements to Your Stock Index Trading - 8th Feb 12
Do Low Interest Rates Power Stock Markets Higher? - 8th Feb 12
SILVER: The Illegitimate Child Of The Commodities Family - 8th Feb 12
A New Reason Gold Stocks Will Soar - 8th Feb 12
The Deception of 0% Interest Rates, High Costs and Capital Destruction - 8th Feb 12
Bring Down the New World Order with Free Market Education - 8th Feb 12
Gold Increases In Value During Inflation or Deflation Scenarios - 8th Feb 12
Gold Holds Steady as U.S. Dollar Hits 2-Month Low - 8th Feb 12
Markets Risk Train Chugs Along, Overbought Does Not Mean a Correction is Coming - 8th Feb 12
Banking, U.S. Housing Market and Mortgages - 8th Feb 12
Has Zero Interest Rate Policy Held Back Economic Recovery? - 8th Feb 12
Graphite and Rare Earth Metals for the 21st Century - 8th Feb 12
Gold Odysseus Journey Continues! - 8th Feb 12
The Fed Resumes Printing Money to Monetize U.S. Government Debt - 7th Feb 12
Timing the Market: Predicting When the FED Will Act Next (Feb 12) - 7th Feb 12
U.S. War With Iran? - 7th Feb 12
Abandoning the U.S. Dollar for Gold - 7th Feb 12
Financial Crisis American Gridlock, Why The “Left” And The “Right” Are Both Wrong - 7th Feb 12
The Fed is Engineering Barack Obama’s Re-Election Campaign - 7th Feb 12
Finding Fundamentals Key to Gold Stocks Investing - 7th Feb 12
US Debt Will Explode Without Changes - 7th Feb 12
Gold Compared to Past Bubbles - 7th Feb 12
Illusion Of Economic Recovery – Feelings & Facts - 7th Feb 12
In the Gold Bullring - 7th Feb 12
This Precious Metal Could Rise 125% Over the Next 10 Months - 6th Feb 12
Washington Heading for War on Syria - 6th Feb 12
Gold "Rollercoaster" Heads Yet Lower as Greece Hits "Crunch Time for Bankruptcy" - 6th Feb 12
Did Friday's Gold Price Action Signal a Stock Market Top? - 6th Feb 12
Monday Financial Markets Madness – What’s This Greece Thing? - 6th Feb 12
Stock Market Investors Dangerous Times Ahead, Will Impact Gold - 6th Feb 12
Gold, Stocks and Euro Fall As Possible Greek Debt Default Looms - 6th Feb 12
Bond Investors Pour into Emerging Market Debt in Hunt for Higher Yields - 6th Feb 12
New Spy Technology Could Be Worth Billions - 6th Feb 12
U.S. Fraudulent Election Year Unemployment Data, Lies, Lies, More and Bigger Lies - 6th Feb 12
Double Liability for Bank Shareholders, Officers and Directors - 6th Feb 12
Stock Market Next Short-term Top in Sight - 6th Feb 12
U.S. Home Foreclosures and Shadow Banking: Why All the "Robo-signing"? - 5th Feb 12
Look at What 'Worked' in the Great Depression - 5th Feb 12
Putting Good U.S. Employment Numbers in Perspective, College Education Isn’t Enough - 5th Feb 12
Stock Market Weekend Update - 5th Feb 12
The Doomsday Machine - 4th Feb 12
Are US Treasury Bond Markets a Sell? - 4th Feb 12
Obama’s Refinancing Swindle, Banks Want to Dump Millions of Risky Mortgages Onto FHA - 4th Feb 12
The Euro Zone and the Crisis of Sovereign Debt - 4th Feb 12
Is the U.S. 'Decoupling' From the European Debt Crisis? - 4th Feb 12
The Crucial Pillar of the New World Order - 4th Feb 12
Gold Junior Mining Stocks Poised to Rebound - 4th Feb 12
U.S. January Employment Situation Shows Widespread Improvement, but Short of Full Employment Mandate - 4th Feb 12
U.S. Non Farm Payrolls Interesting Market Divergences - 4th Feb 12
Gold and Silver Mining Stocks Tops Might Be Just Around the Corner - 4th Feb 12
Critical Materials for Critical Technologies - 3rd Feb 12
Junior Gold Mining Stock - 3rd Feb 12
SOPA, PIPA, The State of US Surveillance - 3rd Feb 12
Essential Investor Preparations for The Big Crisis - 3rd Feb 12
U.S. Jobs, El-Erian U.S. Structural Issues Aren't Being Dealt With - 3rd Feb 12
What Every U.S. Investor Should Know About Inflation - 3rd Feb 12
U.S. Mint Gold Coin Sales Return to Fundamental Driven Demand - 3rd Feb 12
Gold Bull Market Bigger than Ever - 3rd Feb 12
Banking Crisis 2012 "Robo-Signing" of Foreclosure Affidavits Just Tip of Iceberg - 3rd Feb 12
Stock and Financial Markets Crash is Coming, Key Signs of Reversal - 3rd Feb 12
Real U.S. Economic Picture: "There is No Recovery" - 3rd Feb 12
Poland Gives Green Light to Massive Natural Gas Fracking Efforts - 3rd Feb 12
Where to Invest 2012 and What to Avoid - 2nd Feb 12
Liquid Natural Gas Stocks Are Set to Take Off - 2nd Feb 12
Godzilla Will Come Out of Tokyo Bay Before Japan Economy and Stock Market Rebounds - 2nd Feb 12
Gold Challenges Resistance at $1,750/oz – Technicals and Fundamentals Remain Very Positive - 2nd Feb 12
German Central Bailing Out Europe - 2nd Feb 12
In the Wake of Davos: "Strong Economic Medicine" for the European Union - 2nd Feb 12
The American Economy is "Dead": The Illusion of Economic Recovery - 2nd Feb 12
Irish People Bailout of Bond Holders, Vincent Browne v The European Central Bank Video - 2nd Feb 12
How Far Will Debt Deleveraging Go? How Much LSD Can an Elephant Take? - 2nd Feb 12
Great Deals on Gold and Silver 2012 - 2nd Feb 12

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

How You Can Identify Stock Market Turning Points Using Fibonacci

Gordon Brown From Stalin To Mr Bean

ElectionOracle / UK General Election Nov 28, 2007 - 06:06 PM

By: John_York

ElectionOracle

Vince Cable the acting Liberal Democrat leader encapsulated Gordon Browns fall during Prime Minister's Question's :"This House has noted the Prime Minister's remarkable transformation from Stalin to Mr Bean in the past few weeks."

Where did it all go wrong ?


* The Summer Floods ? ..... No

* Foot and Mouth Outbreaks ?.....- No

* Northern Rock Bank Run - Third Strike?... No

Where it starting going wrong was when Gordon Brown first hyped up the country towards an October General Election, then delayed and eventually bottled out of calling one. It was this event which shattered Gordon Browns image amongst the British people, ever since Gordon is increasingly seen as a Mr Bean figure stumbling from one crisis to another. It no longer matters that the crisis are not of Gordon's own making, for they just reinforce the image of incompetence and dithering.

For ten years, the marriage between Tony Blair and Gordon Brown held the country in its iron grip. Teflon Tony, with his grinning face and absolute fanatical determination of what he stood for coupled with Gordon Browns prudent hands on the economic levers saw Labour trounce the Tories at election after election with little hope of the Tories ever getting in power whilst the dynamic duo were in charge. But with each year, Gordon grew more restless in his position as Number 2, wanting a shot at Number one job. Unfortunately what Gordon did not fully appreciate was the fact that he would have to go it alone, a single parent to the leadership of the country. That without the experience of being prime minister, without the ability to deflect bad news, without a Number two that was trusted to run the economy.

So Gordon entered the political arena as half a prime minister. At first his distancing from events such as the worst floods in 150 years was seen as a sign of strength the calm hand at work behind the scenes. But then Northern Rock came along, the first bank run in 150 years. Still people blamed Alistair Darling, not Gordon, but Alistair was always seen as No Gordon Brown, No Number two to carry the economy forward. It was all on Numero Uno - Riding high on the Party Conference, Gordon let rip his political hounds as election fever gripped the country. But everyone but Gordon talked ? Where was the Prime Minister ? Nothing.. Silence.. Increasingly people became more irritated by the silence.

Next the Conservatives finally started to behave like a Tory party for a change and promised tax cuts, with a promise of a rise in inheritance tax allowance to £1 million. What did Gordon do ? He got his now weak chancellor, Alistair Darling to announce his own inheritance tax cut, but which quickly analyzed suggested it was more a slight of hand then a real cut in inheritance tax. Following this Labour's poll lead collapsed and Gordon Brown announced to the British Public that he did not have enough confidence in himself or in his policies to face the British Public. People now saw the difference between a decisive and determined Tony Blair and an indecisive weak dithering Gordon Brown.

Since which time, every crisis to hit the government has been directly harmful to Gordon Browns premiership, as Gordon Brown clearly has no Teflon coating !

Now, following hard on the heels of the incompetent public sector losing the entire child benefits records of 25million people on two unencrypted cd-roms, we have possibly criminal conspiratorial third party donations to the labour party. Not only is this bad to occur after a year long investigation into cash for peerages, but Gordon Brown clearly is unable to fend off the ever confident assaults from the opposition leader, David Cameron. The Blairites still smarting from Tony's departure are now perhaps sharpening their knives for a potential leadership competition, perhaps not now, but another year of bad news and it may be Gordon's turn to step down before the next election !

A weakening economy, a slumping housing market, rising taxes - The only hope for Labour, with or without Gordon is to manufacture an pre-election economic boom going into the deadline for a 2010 election.

By John York

(c) http://www.marketoracle.co.uk 2007


© 2005-2012 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments


Post Comment (Moderated)




Commenting Issue - If on submitting you are returned to the main Index Page (50% chance) then your comment has not been accepted, Follow below steps for 95% chance of comment being accepted.

  1. Click your browser Back button (from main index page).
  2. COPY your comment text from Comment box (i.e. copy to clipboard).
  3. Press PAGE Refresh - You should see the message "You are not authorized to carry out this operation"
  4. Paste your comment back into the comment text box.
  5. Click Submit - If everything goes okay you will remain on the article page with the message "Your comment was held for moderation and will be reviewed shortly".
  6. If instead you are again returned to the main index page then repeat 1-5, alternatively EMAIL to comments @ marketoracle.co.uk quoting the article number.

FREE Deflation Survival GuideFREE Updated 118 Page Independant Investor E-book