Margaret Thatcher Appalled by Gordon Brown’s Spending Spree

I love this woman and it’s one of the reasons I am such a huge fan of Sarah Palin.  I see a lot of similarities between these two women.  Thatcher and Reagan were both ushered in at the right time and were kindred spirits with the same conservative values. 

History truly repeats itself it would seem – and it also would seem that Baroness Thatcher feels the same way.  I implore you to substitute the word Democrat or Liberal for Labour in this article.

BARONESS THATCHER has revealed that she is “appalled” by Gordon Brown’s handling of the economy, 18 months after he feted her at Downing Street.

She is said by a close confidant to view his response to the economic crisis as a rerun of history, echoing the events of 1976, when James Callaghan’s Labour government had to ask the International Monetary Fund (IMF) for a bailout. Earlier this year David Cameron, the present Tory leader, warned that Britain might need another IMF rescue if Brown continued with his “irresponsible” financial recovery plan.

Thatcher rarely speaks publicly now; her concerns were relayed last week by Lord Lamont, the former chancellor in an interview in the political current affairs magazine Holyrood. “I can tell you exactly how she feels,” he said. “Mrs Thatcher is appalled by the current situation, very concerned about it indeed. I spoke to her very recently and her attitude is: this is how it always ends with Labour.”

Another close friend of Thatcher said the former leader believed Brown had spent beyond Britain’s means. “It’s an absolutely accurate description of every Labour government since the war,” he said. “They have always left office with a huge economic crisis – the public finances in a terrible state and the economy in disarray. She feels strongly about it because she came to power in 1979 after the Callaghan government had to go to the IMF. She sees it as a repeat of history.

 

Margaret Thatcher continues by getting several quips in there, in regards to Gordon Brown and the Labour party.

“Her general view would be that you have to have prudent economic management,” he continued, “and although Brown has used the word ‘prudence’ ad nauseam, it has only ever been a word, not an action.

“I have talked to her over the past five or six weeks, and her view is exactly what Norman [Lamont] said. This is what always happens. It always ends in disaster when you have a Labour government.”

I personally think it would be amazing for Baroness Thatcher to see the likes of Sarah Palin as the next POTUS and someone like Daniel Hannon of the Conservative Party in the U.K. as Prime Minister working together.

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