Anybody know how true this quote is?

[mjn]

"A weak currency is the sign of a weak economy, which is the sign of a weak government" Gordon Brown, 1992

i.e. did he really say the above?

[johntheexpat]

Well, according to William Hague in The Sun he said it.

Ah yes, just looked at what I wrote.
William Hague
The Sun

so it probably wasn't him then.

[Singh400]

Quick googling reveals he did say it

[Squiffy]

Singh400 beat me to it. Lots of references to Brown saying it.

e.g. The Debatable Land: Department of "But That Was Then! This Is Different!"

[loz]

He said it whilst shadow chancellor

[loz]

but he also said no more boom and bust.

However, anything he said in the past cannot be now thrown back at him because this is a global problem remember and nothing to do with him.

[LFC_SL]

Its OK. Gordon will buy shares in Maccy D

[indianwells]

Well that's one thing he got right then!

[Jenn]

Originally Posted by loz

this is a global problem remember and nothing to do with him.

Well of course, the tories caused it all !!

[Singh400]

Originally Posted by Jenn

Well of course, the tories caused it all !!

Well [technically], the Americans caused it really. So called "ninja" mortgages is where it all started I think.

[loz]

Originally Posted by Singh400

Well [technically], the Americans caused it really. So called "ninja" mortgages is where it all started I think.

and who lent them the money?

Why do you think RBS just declared a £28b loss?

Even the boss of the new Lloyds group admitted yesterday that British Banks were partly to blame for the global crisis. And who was watching over those banks?

[keydude]

Also something along the line of 'will not let house prices spiral out of control' at around 1997

But then again he 'saved the world' recently.

[andykn]

Originally Posted by Singh400

Well [technically], the Americans caused it really. So called "ninja" mortgages is where it all started I think.

Sssh. Some people don't like hearing such things. You'll be saying next that other countries are just as badly affected or that the US has had to implement it's own Bailout 2.0.

And don't whatever you do suggest that the lack of manufacturing that is underpinning the US economy and currency (and others) is anything other than Gordon Brown's fault, after all we know what a strong manufacturing base we had in 1997, don't we?

[loz]

Originally Posted by andykn

after all we know what a strong manufacturing base we had in 1997, don't we?

Yes. The one NL have allowed to decline even further, and are currently doing little if anything to save what is left of it.

Guess they must have thought the Tories policies were good ones then, as they have had 11 years to change them. But didn't...

[Peridot]

I liked the analogy I read recently that likened GB to an arsonist who, having set your house ablaze, turns up holding a little handheld extinguisher and professes to be the person best qualified to put the fire out.