Best of the Week
Most Popular
1. Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - P_Radomski_CFA
2.Fed Balance Sheet QE4EVER - Stock Market Trend Forecast Analysis - Nadeem_Walayat
3.UK House Prices, Immigration, and Population Growth Mega Trend Forecast - Part1 - Nadeem_Walayat
4.Gold and Silver Precious Metals Pot Pourri - Rambus_Chartology
5.The Exponential Stocks Bull Market - Nadeem_Walayat
6.Yield Curve Inversion and the Stock Market 2019 - Nadeem_Walayat
7.America's 30 Blocks of Holes - James_Quinn
8.US Presidential Cycle and Stock Market Trend 2019 - Nadeem_Walayat
9.Dear Stocks Bull Market: Happy 10 Year Anniversary! - Troy_Bombardia
10.Britain's Demographic Time Bomb Has Gone Off! - Nadeem_Walayat
Last 7 days
Stock Market Crash Edition - 26th Mar 19
Handy Ways to Boost Your Home Income - 26th Mar 19
US Treasury Bond Yield Inversion and Political Fed Cycles - 26th Mar 19
Golan Heights Oil all about the Shekels - 26th Mar 19
Falling Yields a Catalyst for The Gold Catalyst - 26th Mar 19
Can We Lock Up Rachel Maddow Now? - 25th Mar 19
Real US National Debt Might Be $230 Trillion - 25th Mar 19
Friday's Stock Market Sell-Off - New Downtrend or Just Correction? - 25th Mar 19
20 Days Left to Find Buying Opportunities In Gold - 25th Mar 19
Will the Historic Imbalance in Gold Stocks to Gold Price Resolve ? - 25th Mar 19
EasySMX Wireless Games Controllers Review - 25th Mar 19
Stock Market Short-term Top - 25th Mar 19
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Gordon Brown From Stalin To Mr Bean

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

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


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules