Originally Posted by Saracen
Sure, he didn't create the credit crunch,
I agree with everything you posted apart from that part (in part
)
True, he didn't create the credit crunch, however he did lay the foundations. There would be either no credit crunch or a very minor one if he had tinkered a little with the rules on borrowing, banned banks from offering mortgages for more than 90% of the house value and banned them from offering loans for more than say 4x salary/3x combined salary. House prices would have spiked a lot lower. Sub prime debt would not exist.
However, the economy would have not boomed as much.
The man's an idiot and does not know his arse from his elbow when it comes to managing this country or its finances. He is also so far up hiw own arse that he thinks he knows more than his economic advisors about the economy as demosstrated by his pensions raid all those years ago.
"In a perfect world... spammers would get caught, go to jail, and share a cell with many men who have enlarged their penises, taken Viagra and are looking for a new relationship."