You should read Nobel laureate Paul Krugman's rave review of Gordon in this morning's NYT: http://www.nytimes.com/2008/10/13/opinion/13krugman.html?th&emc=th

I saw it; it was reprinted in the Telegraph, alongside a rebuttal by that mighty economic thinker, Simon Heffer.
The Krugman piece is probably the first positive review of Gordon's premiereship.

Thumbs up, Gordon Brown!

Explains why Wall Street soared today.

"Explains why Wall Street soared today."

Exactly. I've been emphsizing my Brit accent to all and sundry.

I've been emphsizing my Brit accent to all and sundry.

Impressing the bears, are you?

Huh! Not just the bears, you sarcastic swine.

The cats, too.

Enjoy your tea party! ;D

Ha . . . sarcastic swine, there you go: the gloves are off, tee hee.

wow, that is amazing!

What, so you sit back and let the financial wizards foul everything up, when people kind of warned that it was a silly idea; then you step in and make them pay for it by doing something which is emphatically a last resort and exposing us taxpayers to some risk. True, it was about the only thing he could do, but thats because the crisis had been allowed to develop to such an extent that there was nothing else he could do, hence the lack of rebellion by the market worshipping small governmenters.

I hear ya! I've been so pissed over our $700B Wall Street bailout that I can't see straight. You're correct in saying Brown had no other recourse at this point. But I'm on the same page regarding the creeps who got us all into this mess in the first place. Absolute corruption coupled with faulty handling of loans and investments. And who gets to suffer the consequences? Taxpayers who do not have investment portfolios because we're too busy trying to pay food and mortgage bills so we can stay afloat. The robber barons have organized and taken over, in a big way.

I intended my "thumbs up" remark as sarcasm. They knocked the market down so they could sell and buy then bumped the market up again for huge gains. They're getting fatter while the common taxpayer is being bled dry from footing the bill. It stinks. The thing is, they know that we know we're getting screwed and are helpless to do anything about it.

And in the UK, quite a few million of us do have pensions etc dependent on the stock market, such that having bankers playing silly buggers with it all means many people will be out of pocket and facing even greater penury than they had expected.

You'll hear no arguments from me about this; I'm just astounded that this political cripple - who just a few weeks ago at conference was facing the possibility of a leadership challenge, don't forget - has suddenly transformed himself into a world statesman. The only world statesman who seems to know what to do, apparently. Even the Americans seem to be adopting what I've heard called the Brown Plan now.

Aye, well, I seem to recall reading various people online, one or two of them actual economists, reccomending this Swedish plan whereby the gvt takes a large stake in the banks, as practised by Sweden back in the 90's. I wonder how little some people know about it, was Brown actually instrumental in telling people about it and encouraging its operation?

He may have told people about it; I'm not sure he would have mentioned it was someone else's idea.

Agreed. It's disgusting what they've done. Then there are the crooked CEOs skimming and dipping to the tune of $millions$ disguised as salary and/or severance pay. Wachovia CEOs just took spa holidays costing taxpayers $400,000.00 per CEO. This only days after the $700B bailout was passed.