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PaulB - That 'longest period of sustained growth' is a myth created by his keeping the economy afloat only on a sea of debt and that is why we will be so badly hit now. It was a total economic fantasy that he created and we are now coming down to earth. It worked only for as long as we had a benign international economy, as soon as a cyclical downturn started the chickens have come home to roost.
Yes we do have a global problem, Brown is not wholly responsible for that, but he is responsible for how badly the UK will do compared to other countries.
His economic policies were only sustainable for a short period but he believed his own hype of an end to boom and bust.
We now see him totally screwing up the response to the recession. The VAT cut is a flop, his 'rescue' of the banks has failed in its main aim, why? because of the terms he laid down to the banks for his bailout, thats why.
He says he will increase taxes just as the economy may be recovering and that will cause a weakened economy to falter, perhaps fall into a double dip recession.
He is inadequate for the job.
As for his borrowing - you have bought the spin. Look at what the IMF have said openly yesterday. They do support a stimulus, yes, but not supported by a level of borrowing that is unsustainable. They say that only those countries who are in a position to do so should borrow for this purpose. Britain is not in such a position. If you do not believe me then you need to look at the international reaction to it - the collapse of sterling.
Brown/Darling have been hopelessly optimistic in their economic forecasts. Independent and international forecasters are more realistic and that means the 160% of GDP (not 44%!) borrowing will be a lot worse than even that eye wateringly appalling figure.
There must, must, be large scale puiblic spending cuts. He will not do it and we will all suffer as a result.