I wonder if he views the downgrading of growth forecasts in the same way. Labour always overestimated growth, so no one should be surprised that instead of 3-3.5% growth we now expect 2-2.5%. This means it will take far longer to pay down the structural deficit if growth is weak. Alistair Darling knows this, but he won't admit it.
And don't you just love this line from Ed Balls...
"We now hear that unemployment is heading back to three million under the Tories. If anything makes me want to lead our party it's the chance to do something about it."
Unemployment is heading back to three million precisely because of the policies followed by Ed Balls and his colleagues. I don't think even the most partisan Labour supporter could say with a straight face that four weeks of a Tory/LibDem coalition had led unemployment to rise to 3 million. Except perhaps Ellie Gellard.