I know you’ve been discussing this over on the open thread but I’ve been away all day and didn’t want to let the BBC’s coverage of the great Northern Rock debacle today to pass without some comment. I listened to the Today coverage and then again to that on the PM programme and it was quite amazing to hear the BBC commentators blithely pass off the £3bn that is being wasted on top of the £26bn from last year as just one more economic necessity in this credit crunch world. I think it cuts to the mindset that characterises the BBC, it sees nothing wrong in principle with government taking £££billions of taxpayers cash and just peeing it up against the wall. Expenditure without responsibility is the name of the game and the fact that Brown and his pals have entirely screwed up over Northern Rock, costing us all a fortune, all in order to sustain the mortgages of those in the Labour voting north-east of England heartland does not seem outrageous to the BBC. It seems natural.
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