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Wednesday, December 31, 2008

Credit crunch will help social cohesion

"One potential upside of [the economic downturn] is that in times of difficulty British people have traditionally rallied round. Maybe I am being a bit sentimental, but I hope that is something that will come out of this."

Vince Cable

Yes, Vince, I think you are being a bit sentimental. It is payback time Vince. After years of explosive credit growth, the UK economy is about to be crushed under the weight of its own indebtedness. This isn't a time for rallying around; it is time to jump ship.

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