It has been very strange watching the mainstream media try to make their ridiculous first take on Alistair Darling's remarks stand up i.e. that the British economy is in worst state since 1948. Paul Mason pointed out three or four Tory chancellors who had faced and failed to negotiate worse in the 1970s, 1980s and 1990s. But still he pressed on.
The supposed Darling quote does not make sense. The real one referring to the troubles of the world economy - trebling of oil price, USA-centred credit crunch, food and commodities inflation etc - makes perfect sense and is a matter of fact no brainer. So enough already with the UK economy schtick.
The Guardian sub-editor who wrote Saturday's headline omitting the word "World" in front of "Economy" should be vilified for setting off an irrational slide in the pound. No doubt Guido's friends in the city will be out hoovering up undervalued sterling very shortly if they haven't started already. Billions to be made. Has anyone seen Georg Soros at the casino recently?
Da Fink made a couple of good observations. That everything Labour do right now is being covered in an unfair disaster movie context. And that the idea of ensuing announcements being presented as "relaunch" should be resisted.