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    Marek - I have said many times that he is not cutting enough so I do not disagree. The deficit reduction is not yet biting which throws out Labours silly arguments immediately.#

    Mark - Perhaps you do not realise that economies always go in cyles of growth and decline so it is daft to place the blame on bankers. The banking problem was brought to a head by the natural downward part of that cycle and they were only vulnerable in the way they were because of Brown's regulatory changes that gave banks free reign. That is the first 'charge' against Brown.

    Brown, of course, famously claimed that he had banned that economic cycle, claiming he had 'banned boom and bust' - totally delusional of course but the problem is he ran the economy as if he had done so. Charge 2 against Brown is that during the growth phase, when it suited him, he threw away his Keynsean text book and increased public spending, borrowing more during the phase of the economy in which deficits should have been balanced and debt repaid.

    The result - at the start of the cyclical slowdown we were in an appalling state to face it, already with a structural deficit and massive borrowing at a point by which, according to Keynes, you should start to allow a deficit to build to help smooth out the economic cycle.

    The fact is Mark, Brown is guilty of turning a normal recession into a crisis - because of him the UK recession is longer and deeper than it need be and we have that massive and unsustainable deficit that must be balanced and that can only be done by spending cuts.

    Nothing that you can say lets that idiot Brown off the hook for creating the utter mess this country is in.

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