Come Back Gordon…


… all is forgiven. Well, not quite all. We miss you, the benighted of this land, for the world’s economy has faltered in your absence. To escape the economic consequences of the global financial crisis requires – has required – the world to stay and act  together in a vast concerted effort to move the advanced industrial countries out of economic danger together. There is  no one but you who could have done it. Your vast bullying presence, the sheer tenacity and determination you  can summon up, and your understanding of the technical issues and machinery of international institutions is what we need now. These exasperating qualities may be uniquely wrong for British politics at this time, but profoundly right for saving the world from prolonged economic depression in the future. 

Alas, it is too late now, and we must look to pygmies. In a pygmy society size is not considered a problem for every one is miniscule. H G Wells explored the advantages of a one-eyed man in the kingdom of the blind. Surely that must constitute an  advantage to all. But if my memory is right, the blind united to kill him. Move over Gordon, or else… As I recall it when last at Piccadilly Circus I did not see any pygmies although there may have been some at Whitehall!

You think I exagerate? Alarmist, I hear you mutter. This is an economic downturn like any other and we can predict a recovery just as in the good old days of the eighties and nineties. And what is more don’t take my word for it.  We had Sir Alan Budd,  who is sage in these matters, tell you so with tables. With tables, and charts, you say, that’s an advantage. By the way whatever happened to Alan Budd?  Surely he has not gone the way of John Stonehouse (who by the way I had lunch with a few days before he did his bunk and who certainly hid his intention from me). I detect a chill in the air – in August! Yes, in August it is a dangerous month. Just think of all the wars which came upon us in August. September 3,  is not of course August but you can give me this one. It all happened while Whitehall slept and country estates prepared for the shooting of grouse. Believe me it is a wicked month. This August there is a  presentiment, a ground swell that all is not well and that the Western world will sink back, if not into this famous double-dip recession, to a long period of stagnant growth, and with inflation to -boot. A slide into stagflation to use the jargon. Will Obama save us then? Will growth in the USA save us now as in the past? Unfortunately, Obama is human and there is a small matter of mid-term elections and the possibility of a one-term Presidency.

Boy George is a a man of firm conviction and detemination. He knows what he knows. Keynes pointed out to us that most of those who claim to be economic experts, and particulary those who seek to lead politically , are firmly in thrall to some discredited economist and economic theory. As he looks into his glass one sunny August evening, George will muse upon the nation’s fate as it quivers under his attentions, and he will say to himself, and anyone listening at the time, ‘The medicine is working although the patient be faint. Let’s have more of it.’

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Filed under Alan Budd, BBC, Big society, Cameron, Coalition Government, Conservative Home, Financial Times, George Osborne, Gordon Brown, Labour Blogs, Labour Home, Lib Dem blogs, Liberal Vision, Nick Clegg, Obama, OBR, Treasury

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