without Q.E. the financial system would have imploded - it was drastic but brave and necessary - banks were literally refusing to give out money - something had to be done before we all went under 
the last thing you do is cut public spending - even that right wing conspiracy fruitcake hoover realised that in the 30's in the states
i dont think DC is a bad person, he's certainly intelligent and appears compassionate - but appearing to act brave by cutting spending is exactly the opposite - he knows full well the general public will like the sound of it and he can spout off about "tough choices" and "people want the truth" all he likes - he's just playing to the crowd in my opinion.
yes, we're in masses of debt. yes Brown's light touch regulations certainly opened the floodgates to the unfettered greed of the city - brown's only crime was believing in the markets - as did every other major political party in every democracy across the planet - what would DC have done differently? let the banks fail? he would almost certainly have left the city to its own devices, sure - now he says the Bof E should regain control - well, no S**t Sherlock 
i hope he's as good as he says he is, i wouldn't imagine he will be - based on previous tory governments - but give him a crack at it and we'll drag this thread up in a year to see how well he's doing 8-)
without Q.E. the financial system would have imploded - it was drastic but brave and necessary - banks were literally refusing to give out money - something had to be done before we all went under 
...all down to a lack of leadership at the heart of this present government and that very laxity, which has resulted in our spending money we don’t have, will haunt us for the foreseeable future. As to
all of the banks going down, I'm not so sure
brown's only crime was believing in the markets - as did every other major political party in every democracy across the planet...this was one of many of GB's failings the primary one of which was total self-belief in his ability to control matters that had run wildly out of control.
GB doesn't exist in the real world in my view, he's a theorist more in touch with the ethereal nature of policy rather than its practicalities
i hope he's as good as he says he is, i wouldn't imagine he will be - based on previous tory governments...and with that lesson in history we should resolve never to have another Labour premier cross the threshold of Downing Street for a long time to come.