We keep hearing about the so-called “Global Recession” from Mr. Gordon Brown as if it has imported from some where. Typically he blamed the USA.
Yes, the collapse of Lehmen Brothers may have triggered the financial crisis but surely the US did not make the banking regulations in the UK? Wasn’t it the Labour government that awarded the RBS banker Fred Goodwill a kighthood for his “service to banking”?
The USA might have borrowed too much and spent money they didn’t have but can we tribute the historical debt and highest budget deficit caused by Mr. Brown’s over-borrowing and over-spending to the US? Surely it was Mr. Brown, not the USA, who sold our gold reserve at a quater of today’s price?
China achieved economic growth of more than 8% last year. This gives us an external reference to have a look at the myth of “Global recession” from outside of the UK.
Why have countries like China not suffered the same as the UK?
Why have other major developed economies come out of recession earlier and stronger than the UK?
Tags: General Election, Global recession, Kegang Wu, Liverpool Riverside
