The Humiliation of Britain-Britain’s finest hour this is not.

[malaise]

http://www.youtube.com/watch?v=v1FTmuhynaw
<snip>
Britons, as Osborne knows, are willing to lend to their government on an enormous scale – and on terms that are more generous than those on offer from the IMF. And, if one is worried that the British people might change their minds, well, the princes of Wall Street or the barons of Canary Wharf or US Treasury Secretary Tim Geithner would certainly be willing to sell derivatives contracts to protect Britain against exchange-rate risk for the next several years.

To borrow from your own people is especially non-humiliating when your economy is in depression, when the interest rates at which you can borrow are at near-record lows, and when every economic argument cries out for spending now and taxing later.

What is humiliating is to have a government that cuts a half-million public-sector jobs and causes the loss of another half-million jobs in the private sector. In an economy of 30 million jobs, that translates into an increase in the unemployment rate of 3.5 percentage points – at a time when no sources of expanding private-sector demand exist to pick up the slack. Britain’s finest hour this is not.

[dawg]

1. When it comes to economic issues, the UK ...

is driving off the cliff faster than the US. Although if Obama keeps compromising ...

[Dawson Leery]

2. The Cons will be out after one term (if they survive).

The Lib Dems screwed themselves over by joining this coalition.

[muriel_volestrangler]

3. 2006 Olbermann clip with Ray McGovern about Rumsfeld?

Different link needed, perhaps?