The push for Brown to say sorry has become like Bill Clinton repeating over and over that he "did not have sexual relations with that women" while a stained blue dress hangs in the background.Everyone knows Brown bares some responsibly, the situation was either sustainable or even stable. This idea that he got rid of "Boom and Bust" just meant bad preparation for when it did hit the fan. With banks selling as much credit as they could to customers, and house prices so high. All of which the FSA is meant to monitor and report on, and who are they accountable to?
It's always stuck me as a really bizarre trait of New Labour, that the things government should regulate and control they end up being completely relaxed about. Wanting more is such an instinctive trait in people, it's hardly surprising that people signed up to this 'put it on a credit card culture', especially when just walking down a high street you were inundated with people offering you a credit card to put it on.
Brown's refusal to say sorry has made this much more of a story than a simple apology would have been. He can't now back track on the stance he's taken without looking more and more absurd. He was Chancellor of the Exchequer for 10 years, his responsibility was managing the economy, budgeting, recognising risks and dealing with them. Did he do his job properly, or did he take a short term view to be popular, rather than the one to say there's no more credit?
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