Labour’s economy dilemma

We all remember when Labour started blaming the `globe` as the sole cause for our economic woes. Of course it didn’t make sense as they puffed up New Labour when things were going `well`.

There’s also another big hole in their argument – let’s just suppose Brown DID regulate the banks properly and DID regulate credit as well as tackling the housing bubble. We’d now be in a position that the UK would be buying banks. I take it he wouldn’t have said it was all to do with new Labour?