0830 Hrs GMT Lon don Friday 3 April 2009: KHOODEELAAR! told you so! That Gordon Brown was indulging in faking it in the main. And this fakery applies most acutely to the claim Brown has made about the robust, solid and good state of the UK economy among the so-called developed economies. This claim is shown as a fake. In the commentary [we reproduce below] published in the New York Times [= NYT] today. Although the NYT article is headed as a positive one, giving Brown praise for hosting the G20 stunt, the details contained in the piece are cited to support the thesis that even in the USA, Brown is not thought to be the credible leader of the UK that he would prefer the public to think... The NYT cites at least two British ‘academics’. KHOODEELAAR! is not RELYING on any of those. Why? because we have conducted our own original and continuous research and investigation into Brown’s conduct and have exposed his actions to be fakery....on all key economic and economy and economics-related counts... Nowhere more so than on Crossrail..
[to be continued]
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From the New York Times web site
As G-20 Host, Brown Gets ‘Excellent’ Marks
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By JULIA WERDIGIER
Published: April 3, 2009
LONDON — Gordon Brown, Britain’s prime minister, had much at stake at the Group of 20 summit in London on Thursday.
As host of the meeting, he had to ensure that it would be a success — not just in helping revive the economy but also his own popularity ratings at home, which declined this year amid growing anger over bank bailouts and rising unemployment.
At least for now, he appeared to succeed in both. When he presented the measures world leaders agreed on at the meetings on Thursday, his voice sounded determined and statesman-like. “By acting together to fulfill these pledges we will bring the world economy out of recession and prevent a crisis like this from recurring in the future,” he said.
Angela Merkel, the German chancellor whose government disagreed earlier with Britain about how many funds to inject into the economy, called Mr. Brown an “excellent host” and praised the atmosphere in which participants were able to have a “constructive and fruitful debate.”
But it is still unclear whether the principles agreed to constitute a “global pact,” as Mr. Brown described it. He was hoping for a modern-day version of the post-World War II meeting at Bretton Woods that established the International Monetary Fund. It is also unclear whether the G-20 will translate into a boost for his own standing in Britain at a time when the opposition party is drawing more favorable ratings.
For Mr. Brown, a failure to reach an agreement at the summit would have been a major blow, hurting his credibility after he repeatedly said that only a coordinated effort by the world’s largest economies could fix the current crisis.
Heading into the summit some analysts had said that a successful G-20 meeting would be Mr. Brown’s best hope to revive his popularity ahead of a general election, which could be held as early as the middle of next year. Steven Fielding, director for the Center for British politics at Nottingham University said the G-20 was “a godsent” for Mr. Brown. “It’s one of the few opportunities he has to stand next to global leaders and appear statesmanlike.”
Mr. Brown, who succeeded Tony Blair in 2007, in part because of his good record as chancellor of the Exchequer, started off well in dealing with the financial crisis. He won praise for his plan to clean up Britain’s banks last year, a step copied by other nations, but his popularity started to fall when unemployment climbed and large stimulus packages failed to quickly reach consumers.
A failed government bond auction amid concern over rising government debt added to his troubles last month.
Some analysts said Mr. Brown took a gamble by putting so much weight on the G-20 as the key to economic recovery. “The thought of a global bargain was a good one, but the difficulty of getting everyone to agree and therefore the risks for Gordon Brown’s reputation are huge,” said Andrew Gamble, a professor of politics at Oxford University. “It could just be another nail in his coffin.”
Mr. Brown's reputation for skilled steering of the economy took a beating as Britain’s economy emerged as one of the weakest among developed nations, in large part because of its reliance on financial services products for growth. A housing bubble that gave people a false sense of prosperity, prompting many to borrow beyond their means, is now imploding. Housing prices, already down more than 20 percent from a peak in 2007, continue to fall and banks remain reluctant to lend. Economists expect unemployment to rise to 3 million by next year, leaving about one in every 10 citizens of employment age out of work.
But the common message by world leaders on Thursday at least provided him some much needed support and a positive message he can convey to the public. “The G-20 could give him cover for anything he does looking up to the election,” said Tony Dolphin of the Institute for Public Policy research in London. “If it all goes wrong then he can say the best brains of the world came together to reach that conclusion.”
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