There’s this big, intangible thing called the global credit crunch. Banks and funds with names you’d never heard of – Fannie Mae, Freddie Mac, Lehman Brothers, Bear Stearns.Can it be true that the leader of the third largest political party in the country and, so he claims, an aspiring Prime Minister, had never heard of these corporate giants?
But it gets worse. Later in his speech, Clegg proclaimed...
I can tell you where we’re headed. Government!
Isn't this strangely reminiscent of David Steel’s 1981 cry to the Liberal Assembly: "Go back to your constituencies and prepare for government."?
UPDATE: Paul Waugh has an entertaining interpretation of this HERE.