long been in agreement that the Labour Government knew the game was up on New Labour a long-time ago. As such they decided to make things as rough for the Tories as possible.
Labour new from 1997 the benefit of taking over an economy that was in good shape. It brought them another election victory subsequently and the Conservative opposition could do nothing about it.Then in 2005, when the economy they had inherited was burdened too much by public debt, they simply borrowed money at the top of the good economic cycle to hoodwink the voters. That set Labour up for the 2005 victory.
Now in 2010, the world is in deep crisis. Think of some of the headlines of the Greek Crisis, VAT up to 23%, public sector real wage cuts of 16%. Any country will do well to survive such measures as a democracy.
In the UK the Government knows full well the tab it has run up. That is why there has been no discussion about its record in the campaign, which rests solely on attacking the prospective Tory Government. This is not a strategy designed to win, but designed to lose with core vote intact...able to come back in 4 years time when the country will feel like blaming the new Government.
Times move quickly I note in the US that Barack Obama is blamed for making the recession worse by many of his opponents. He came to power in the middle of the crisis, entirely caused by political and economic mistakes of many years before his period of office.
Tory Bear also has a great list of the Labour Party mistakes of last week. A few would be a coincidence, but this is the worst run campaign I have ever witnessed and has been years in the making/planning. This just does not sit right.
Of course, as Labour are incompetent, they no doubt failed to see the rise of the Lib Dems; neither did anyone else. This makes their strategy more risky, but ultimately more lucrative too if things go right. If we end up with a Lib-Con Government, then Labour will be the official opposition and afforded that base to work with. The downside is that a narrow Tory win and big gains for the Lib Dems will see Labour have to work hard to re-assert themselves as a party of more than the inner city immigrant and Northern non-working classes.
Labour have seen the books though, others too. Mervyn King's slip of last week is a classic - he can see the same as Labour. They never wanted to win it and it is really starting to show. It will be interesting to see how this political strategy plays out for them over the next parliament.