It is easy with hindsight to look back and say if only. If only the Labour government had properly regulated the financial institutions in London we might not be in this sorry state.
Hindsight is a wonderfully thing.
Of course that does not preclude any government from properly planning and preparing resources.
One must ask themselves why is it that the UK may well with in the next ten years start to suffer black outs due to inadequate planning in electricity supply. What is more surprising is that we do not even have the skills to build a modern power station. We are totally reliant on the French EDF controlled company to do it for us. If a smaller percentage of the 400 billion pounds that we spent on bailing out our high street banks at a debt of 10,000 pounds for every single person living in the UK, was to be spent on upgrading our transport infrastructure. We might than have a few more engineers that could be used for our own energy related business. Not forgetting of course that we would have a coherent and reasonable transport network like the one that our European neighbours experience.
Long term planning
Suggest long term planning to politicians here is like talking about SDP winning the next election. It is a reasonable choice, but you know it is not going to happen. May be politicians could be more accountable if they were given a free vote on all legislation in parliament. Instead of the old line of using government whips to insure the party line is met. Than people can decide for them selves way we can not regulate a bank to lend money reasonable.
It is interesting to note that Obama has chosen to keep the current defence secretary from George Bush. The question now is who is he more accountable to Obama, the Republicans or the American public. A shrewd move indeed.