Arthritic Toe
Well-known member
As ever, they focussed on short term policies for short term popularity never seeing beyond the next election. The fake prosperity everyone was enjoying was funded by a massive expansion in credit, which was so obviously unsustainable. Gordon consistently claimed he was being prudent and had abolished boom and bust on the one hand, while his policies were driving us at full speed towards the cliff edge, which we disappeared over in 2007. Just because most other major economies followed similar stupid short-term policies, doesn't get him off the hook. Its wasn't a "global problem that started in America".