192. Are We On The Brink Of World War III? (Odd Arne Westad)
8 June 2026
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27 January 2010
4 minute(s) read
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One problem – opening sentence – “we’ve come out of it better than most people hoped or predicted…”
Classic New Labour spin and simply isn’t true. Most economists and journalists (including you) expected the UK to exit the recession last quarter. This was delayed a quarter and the growth was still much lower than expectations (could still be rounded down later). Next quarter’s results could see a double-dip – suggesting we might not have come out of it at all. Furthermore Brown told us all we would be leading the world out of recession – we haven’t and are the last of the official G20 to recover.
Good effort – but frankly the UK has emerged worse from this recession than any of the official predictions given by the current Government. To suggest that you have exceeded expectations or hope is optimistic!
Alastair, A good reflection of the article and Mandy’s Media Savvy nature – Did he learn from you? /smile joke.
In response, we as Labour need to show unity, and expose the Tories as best we can. After all the election is not a referendum, it’s a fundamental choice.
Really compelling stuff from Mandelson.
I was particularly interested yesterday in the way the media treated the ‘UK out of recession’ story. Most often the story revolved around comments made by Tory and Lib dem spokesmen with very little reflection of the positive reaction. By the end of the day I felt as if things were a lot worse than the actual facts suggested.
This is, I have to say, typical of the mainstream media.
As they say in Parliament, we don’t need any lessons from the party that caused the recession. Brown’s ridiculous tripartite banking supervision system coupled with an over supply of cheap money into the system caused this recession. Mind you, the Tories went along with him at the time.
For Mandelson now to tell us that only he and Brown can lead us safely to the promised land is a line only swallowed by the blindest of New Labour supporters.
Great media savviness to pack all those messages into the…oh…wait….the Mirror i.e. the printing arm of the Labor Party!!God, times must be desperate if you praising getting something into that rag!!
Presumably the sight of Lord M on the front page of today’s Mirror, dressed up as James Bond, is yet another example of the superficial red top journalism that Campbell so deplores ?
No ? Thought not.
The very thought that the unelected Baron Mandelson of Foy knows what “people on the shop floor” are thinking had me in stitches.
Gordon Brown and his cronies seem remarkably talented at predicting the past with a hypothetical tory government at the helm. Pity they were not so good at predicting the course of the future economy over the last decade. 3 fold increases in property prices are very corrosive to society, unless of course you’re already set up in a nice west london gaff. There will be a correction – especially when bond markets aggressively sell gilts and mortgage rates rise. Household debt passed one trillion in 2004. Again corrosive to society. New labor ?- what a load of bollocks. Instead of dismissing Vince Cable, Brown should have listened. prick
What I admire about Mandelson is that he has weathered a lot of storms and a fair few attacks, not to mention the occasional crisis, and he strikes me as being a more mature version of the same person who started out all those years ago in opposition. I agree that he is also someone who can make a point clearly and takes no nonsense from radio and TV interviewers
Did you see him being humiliated on Channel 4 news? It was so good to see a sensible politician answering questions honestly and reasonably and the contrast with mandelson could not have been greater. The noble Lord tried every trick in the book but Ken Clarke just came across as sensible and honest. It reminded you that there was a time before the repulsive New Labour approach to government.
This election will be won on economic policy. Today Labour’s talk of not cutting too soon has been blown apart. The reality is that if we do not cut now – the cuts will be greater in the future.
All we see is a government that has failed to act responsibly, encouraged greed to excesses Thatcher would never even have dreamed of, believed they had abolished boom and bust, spent the bank to help them win an election and then will want to blame their successors for taking the tough decisions required.
All this and Chilcot too. Oh and don’t forget that the gap between rich and poor has got worse under Labour according to Harriet Harman’s report. What a lie that you get undeserved poor media coverage. You should thank god that most sane people have just given up on you.