Economics, Growth & Theft

GF knows little of economics. A blog is always a great way of publicising ones ignorance. He notes this story in the Times Online: Brown to blame oil prices for growth downgrade.

GORDON BROWN has set the stage for an embarrassing retreat over his economic predictions for Britain, signalling that he will cut his growth forecasts sharply while seeking to blame high oil prices.

Methinks this is rather convenient... and believes it has had only a contributory affect, rather than being the cause.

Now whilst allocating blame, GF "Blames Brown for stealing funds from pensions and being a major contributor to the pension crisis". Somehow the Labour spin machine keeps squashing the debate on this and when the crisi is discussed Gordon Brown's theft never gets mentioned.
[File under: Pension, Labour]