David
I am not suggesting that everything that Labour has done has been awful and I agree we have had 11 years of boom. However, I am arguing that Labour does not deserve a vote for one simple reason:
Practically all economists have confirmed our public finances are in a mess. Although, as you have pointed out we are not bankrupt, the budget deficit is unsustainable. Also, I agree that Gordon Brown could not be held responsible but he did led the economy into the recession with a very large budget deficit having proclaimed that he would balance the books over the cycle. Despite his boasting that he abolished boom and bust everyone knows that bust follows boom, always has and always will, it is just a matter of degrees. Therefore, if he was being a prudent and honest chancellor he should have been running a budget surplus for a few years before the recession hit us.
Consequently, he failed as Chancellor in the same way that Sir Fred Goodwin failed as Chief Executive of RBS. I would be very surprised if you believed that we should have promoted Goodwin but that is exactly what Labour did. Therefore, if Labour cannot make a tough decision to fire a rather overbearing individual can we really trust them to make other difficult decisions.
Please note that this is not about whether the Conservatives would have done any better in the circumstances. I don’t know nor do you. I just don’t believe in rewarding failure.
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