That was how I read what Clegg said, yes.
What I heard him say, though not in these words, was "David, you're the new PM. DOn't let the power go to your head. We won't sink you if you govern 'in the national interest' but you don't have a blank cheque".
In other words, they won't block
critical measures, like the budget or Queens speech, where doing so would bring the government down, but Cameron has a "chance to prove" he can govern in the national interest, not an unconditional writ.Oh, and Clegg will "continue to argue for" electoral reform, and I wouldn't mind betting that was at least part of what he meant by "not in narrow party interests".
It was, I have to admit, a masterful play from Clegg. It was brilliant.
First, he scuppered Brown's chances of continuing, and he doesn't (
IMHO) like Brown one bit.
Second, he was on the horns of a dilemma. The common result of a hung Parliament is another election, and if he'd propped up Brown despite the kicking Labour got from the electorate the odds are the electorate would punish him for it in that election.
Third, his own party wouldn't be happy about a Tory coalition.
As it is, this gives him a way to appear to be the statesman taking the high moral ground. Very nice move.