"I saved the world" was just a slip of Gordon Brown's tongue. We laughed at the Prime Minister, partly because he's not able to laugh at himself, and partly because we think he actually believes it. Well, it seems that he hasn't. All he's done so far is spend one hell of a lot of our money, and mortgage our children's future. The BBC tells us that the Government is so concerned about the continuing state of our economy that many more billions are going to be borrowed to avoid an even greater economic disaster crashing over the United Kingdom. This is hugely embarrassing to the Labour Government, and a huge worry for the rest of us.
We don't know what the Government plans are. Perhaps they don't know. Today's headlines are just part of a softening up process. Gordon Brown is on with Andrew Marr in the morning, and we might have more idea then - but don't bet on it. One of the rumours would be particularly humiliating if it turns out to be reality. Buying up some of the 'toxic debt' that is secretly lying there on banks balance sheets would be because its a copy of the original 'Paulson Plan' in the US, which Gordon Brown himself rubbished.
Another plan seems to be another cut in interest rates - to almost zero. I cannot see the sense in this, because of the devastation its going to visit upon retired people who depend on their savings. And banks are not lending money anyway - so it wouldn't make much difference.
Perhaps Labour will simply spend more of our money buying up more shares in the banks. Perhaps it will go the whole hog and 'nationalise' the banks. I cannot believe this will happen. It might give pleasure for those who would like to see the banks punished, and those who are philosophically antipathetic towards capitalism in principle - but it would be a disaster for Britain, from which I believe even Gordon Brown will hold back.
Whatever, its clear that the wheels are coming off. Surely, the people of Britain must see that its time to change the driver.