Thursday 21 May 2009

Constitutional Rules are Just as Flexible as the Rest of our Constitution Prime Minister. You Have No Unique Power to decide on a General Election

The fragile stability of the currency and of our entire financial and economic status vis a vis the rest of the world was balanced on the expectation that there is a general election imminent and that a a stable government of recognised financial and economic competence and probity would be returned, ready to cope with the Brownian disaster. And deal with it in a stable institutional and political environment.

Incredibly Brown has wrecked that market understanding as well. With his outlandish remarks in the Commons on Wednesday he has asserted the thesis that he and he alone can call an election and that as he and he alone can save the world, or at the very least the Uniited Kingom, he will not be calliing an election. He even had the misfortune to acknowledge that another pressing reason not to call an election is that he would lose it, as the markets had surmised and taken into account.

So, after being taught he cannot regulate afinancial system, after being taught he cannot guide an economy or even produce a benign climate in which a capitalist and entrepreneurial economy can thrive, he is about to receive a constitutional lesson in flexibility's response to intransigence and misunderstanding of the nature of rules.

3 comments:

ArtPepper said...

Excellent blog. I don't normally comment, but I thought I should point out there is a rather dodgy piccy nestling amongst the icons of your list of Followers. It doesn't seem right for this blog somehow, and quite put me off my dinner. AP

hatfield girl said...

Thank you Art. I can't keep track of what keeps happening to Angels. Anyone who is a Follower of Angels, you have all set off into the ether to join Angels' Links, which also disappeared without even a goodbye. One day I will find you all again.

Do you think I will look at Angels and even the piece of paper to write on will have disappeared?

It would be nice if the 'if you can't take the heat keep out of the kitchen' commenters would.

hatfield girl said...

Found them :)

Links next.