Why do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?

Before you get mw wrong I am not a fan of Mr Brown and will not be voting for him in the next elections. I just want to know more about why people are so hostile for him for this when other countries are suffering too? Is the rest of the worlds suffering the UK's fault (wouldn't e the first time).Why do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?as defined imperialism???

European slavery Britain



Because he turned a blind eye to British Banks speculating in the US housing market as a way to get rich quick.

yes he did but so too did Tony Blair before him, and so too did Conservative PMs John Major before that and Margaret Thatcher before that.



the new form of slavery (population control)

Ehrlichman is heard telling Nixon that "...the less care they give them, the more money they make", a plan that Nixon remarked "appeals to me".



the extreme right (NEO NAZI, mafia, Ganster, secret societies, sects, ETC) have transformed the health system in a businessWhy do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?
I'm not a fan of GB either but I know perfectly well that the cause of the credit crunch is entirely due to a failure of the banking system and nothing to do with UK.gov or Gordon.



I'm not sure exactly where the downturn started, but my finger points to British banks, who have always had a buccaneering approach and where there is far less control and scrutiny than is the case with banks in the USA.



So, if anyone is to blame it's the UK buccaneers and pirates who got hold of the banking system back in the c1980s and have run the fleet aground on some deserted island where they hope to bury the treasure.



What you must bear in mind about UK is that it is run rather in the manner of Elizabethan England in some respects and the buccaneering spirit has never been squashed or controlled. Thus, we now have this mess. The anchor chain is broken and the crew are drunk.Why do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?Way I understand it is that he failed to control the investors properly , (as every other UK Chancellor/PM in the last 30 years) which led them to idea that they were unaccountable and unstoppable. This is not just a UK problem. As far as I can see most of the World barring a few notable exceptions such as Spain did not have any control or regulations on banking, allowing them to build a portfolio of toxic debts. Other countries also are to blame including the US which has suffered the largest of all write offs and build up of toxic investments and uncovered fraud, (Madoff/Stanford etc).

Brown is the PM and former Chancellor so he is the obvious target, (although not entirely correctly) and will probably not be PM after the next election.
That's what Gordon Brown himself is always saying. I wouldn't pretend to know exactly what caused the recession but I know that Britain was in a perfect position to get absolutely hammered by it because of the banks that weren't properly regulated and the fact that the government seems to throw money away on crap that no one understands. I think people are pretty angry at Labour for the war in Iraq that cost so much money and did so much damage as well.Why do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?You people are ridiculous



Do you have a mind for yourself ?



Or does the media implant little despising drones in your head?



I think so. Do research the war in iraq did not drive the world into debt and for someone to say such a statement is just plain ignorant.



Mr Brown is a scapegoat going out into fire to see how many times he can dodge the bullet. Eventually a further Euro Union will form and delete democracy off this planet. You people don't realize what your doing...your fighting against the very thing we fought so valiantly for 233 years ago. Our forefathers made sure that the smallest government was the better government. The bigger the government the more control hence Big Brother which has already come into play in the UK abundantly.



648 billion= Iraq "war"

888 billion= stimulus plan



Shouldn't we be complaining about this huge package thats going to take a toll on the rest of the world economy as well ?



The media doesn't notify you about the truth does it ?



Once an euro union is formed America will join as well and whos shoulders is this debt going to fall on if every nation is joined at the hip ?



But as obama states-----We need change-----Change is what is soon to come to the world.



Mr Brown is someone trying to help the world......off with his headWhy do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?
The reason why people blame Gordon Incompetent Brown for the current financial mess we are in today is because;He is partly to blame for the mess the taxpayer is now having to pick up the bill for his gross ineptitude and mismanagement.

He is directly responsible for selling our gold reserves for a meagre $240 an ounce that is now worth $940 an ounce.

There is an old saying in politics and it goes something along these lines;Cometh the hour;Cometh the man;All I can say in Britain's case.Gordon Incompetent Brown is not that man!

Resignations are needed!
While it is a world wide downturn different countries have different degrees of downturn, largely because of how exposed they were to the risks within banking and financial markets. Britain was more exposed than some and so is suffering more than some.

Given however that many of those doing the criticizing were arguing for even less regulation with the banking industry - thier cries count for little more than hypocrisy.Why do people blame Gordon Brown/Labour for the UK financial crisis when it is a world wide downturn?
Because he turned a blind eye to British Banks speculating in the US housing market as a way to get rich quick.



In the UK if you default they take your house - then pursue you for any shortfall. In the US they take your house and that's it - no recourse for any shortfall. Hence the reason for so many "toxic assets".



The fact that about 70% of these toxic assets are foreign and that the British people are now being penalised for it is a damn good reason to blame Brown!!
I think a lot of people (myself included.) are not annoyed simply because we are in this situation, but because Gordon Brown presided over 10 years of economic growth as chancellor of the exchequer and didn't think to put a little bit of money in the bank for a rainy day.



It also annoys me that he doesn't seem particularly interested in punishing the bankers that put us here, say what you wan't about Obama, at least he is going to great length to screw them.



I also think a large majority of it is to do with the fact he is a ballbag
Because Gordon and his mates wallowed in the trough of taxation collected by his ever ingenious methods. Instead of paying back national debt and ensuring the system was sound he and his mates spent it on anything which may secure them more votes.

http://www.youtube.com/watch?v=94lW6Y4tB鈥?/a>



It looks like an open and closed case of gerrymandering. Will they be prosecuted? No because they are right in their own minds and control the country.

http://en.wikipedia.org/wiki/Gerrymander
gordon brown %26amp; his labour party are of course pulling the wool over the british peoples eyes ! first of all this recession is not global spain %26amp; france and all the other countries are not suffering ! just us %26amp; america ! go to spain see for yourself ! its booming ! i know as im emigrating there ! i use to make alternative fuel for cars in this country the government didn't like me doing that i did every thing by the book paid duty didn't owe a penny ive been forced to close by this corrupt government making unreasonable demands for money ! this government is very dishonest ! i could go on but i won't enough said !
Because New Labour came to us at election time claiming to be "Anti-sleaze" and saying they would rid politics of sleaze. Read the newspapers, who is funding their ridiculous expense claims, we are.



Because Gordon Brown bragged that he was "the safe pair of hands" in charge of our economy" for many years. he claimed to be prudent for our long term financial security. Well Gordon, why we paid you so much to safely steer us into this mess!



Because Labour promised us a referendum on giving an expansion of power to Europe and when it came to it they broke that promise.



Because Brown sold our Countries gold reserves to fund ill-founded projects leaving us with little to fall back on in hard times.



I could go on and on but I am getting my self wound up.
He was Tony Blair's Chancellor for how long? 10 years or more? The entire British economy was under his control for over a decade, you'd think he might have had something to do with any economic problems that popped up in that period. He certainly could have put policies in place to prevent bad debt, cut public borrowing, restrict the crazy proliferation of personal loans, reduce the housing crisis... all he did was add red tape and taxes - most notably the abolition of the 10p income tax band, massively hurting the lowest paid in the country.
same reason liberals blame Bush....because they can and the truth is so complicated there's not much of a reason to even try to explain it, they wouldn't understand anyway so why waste the time.



democrats can be blamed for the horrible housing market in the US. and obama can be blamed for the huge debt he's putting us in with is run-away spending spree
Where is the 2nd biggest banking centre in the world? Which business has been propping up the UK balance of trade for years? Who moved regulation from the Bank of England to the FSA? Who was chancellor and then PM whilst banks were offering 110% mortgages in what everyone knew was an inflated house price market? It's not just a UK problem but Brown is a leading culprit.
in the US people are convinced its all bushs fault (little scrubbing bubble is typical) and the only hope for correction is obama, but these things are cyclical and and will raise on their own (minus the damage we do in the mean time). if brown is in office as the world recovers, he will get credit as surely as obama will here.
In the goods years a prudent man puts a bit of money away for his family against the bad times ,that is know as being a good husband and a sensible one . From a Chancellor of the exchequer you expect much more after all he is the keeper of the nations wealth . But when such man claims that he is a panacea of prudence and good bookkeeping ,then a crisis accures as it has and what do we find the kitty is empty he has squandered the lot, and is borrowing money at an alarming rate ,that you i and every other person in this country will have to pay back in interest plus our children's children will still be paying in forty years time . Two years ago alarm bells were ringing that credit was out of control and that it could trigger a crisis, and for a Chancellor of the exchequer that should have been his job to give it his urgent attention what did we get from this financial genius, Nothing zilch, a complete blank ,I think that says it all
The blame is because with all the stealth tax rises, and the billions from company pensions, he did not put money away for any bad times like other sensible Country's did, that's why we are in such a mess. He purported to be a cautious Chancellor, but all the time he was borrowing and spending more than any other Chancellor in history.
I am sure he has made many other statements but here are 2 that stick in my mind. " A weak currency shows it's a weak economy" "No more boom and bust" The last Tory government was corrupt but this one is much worse.

They have opened our borders to murderers and rapists and then informed all immigrants that they are here because of Labour. Vote for anyone but Labour and you will not be allowed to stay.
Because he's not very charismatic and we're kind of ashamed to have him as a Prime Minister. So people look for whatever they can to put him down.



Like it or not the guy with the most charisma usually wins - unfortunately that means the slimey tory boy is going to win the next election.
This crisis would have happened anyway but four the last four years it has been known that the British Economy was weak and weakened by Brown. He did nothing to strengthen it. This is why we stand to be the worst hit in Europe and the last to recover
Zenmeister has provided a very useful link here to an excellent speech from Daniel Hannan MEP. I'd not previously heard it myself, but it's impressive and seems to sum up the situation well.



Good question, Pom. Lots of good answers too.

Cheers.
Seems like you started to take notice to the situation a LITTLE bit late.



To answer your question would just take too long and I don't think at the end of the day it really matters to you.
I believe every leader that was in charge around the world and let their banking system run amock is to blame for this.
You are probably right that it would have happened in the UK regardless of whom the PM was. I think people know this. It would probably have taken a very insightful and lucky PM to have seen it coming. I think people are blaming him because he was in the position where he could have warned us all, and perhaps he actually had an inkling that it was coming and preferred not to warn us but to attempt to make it not happen by telling people all was fine. That might be why people are blaming him. Now, I don't know if there is any substance in this. Did he talk up the economy - yes he did. Did he continue to say all was fine - yes he did. Did he warn anyone about banks acting dangerously - no he didn't. Did he try to reel the banks back in - no he didn't. Did he tell us to watch out - no he didn't. Did he, a Labour PM, tie himself too firmly to world markets - yes he did but so too did Tony Blair before him, and so too did Conservative PMs John Major before that and Margaret Thatcher before that.

Basically he is being blamed because he is the PM in office when it hit the fan and he had been in government for a handful of years before that. Obama hadn't been in government so he's not being blamed for it, and of course George W Bush's term in office ran out and he is blamed for it because he and his team probably did see it coming and did cover it up. It would have been harder for Gordon Brown to see it coming because he didn't have the information that George W Bush and his team had.

I think basically people are just angry with George W Bush, and with Clinton before him who actually brought all of this on us. But added to that the markets had been getting greedier and greedier for years now so it's not just down to the last two US Presidents either.
Only the most ignorant and stupid ones believe it is primarily Brown's fault; the others are fully aware of whose fault it is, but are trying to make political gain out of blaming Brown-Envelope.



I would have more time for them if they blamed him for the death of British soldiers, first in Iraq and now in Afghanistan.



As you'll have understood by now, I don't support him either, but let's keep our attacks on him and his inept, corrupt, collaborationist policies firmly rooted in the truth,