The famous words have now caused a second political career to end.
Lord Young caused quite a storm when he said the fall in mortgage rates since the credit crisis had "left most people better off" and that "they will look back and wonder what all the fuss is about".
It was a highly controversial statement that sparked outrage; within hours his resignation as a Tory adviser had been accepted. Even David Cameron branded his remarks "insensitive and inaccurate".
There will be little doubt that the one million people who have lost their jobs over the past three years will disagree with Lord Young's comments. So too will the 150,000 who have had their homes repossessed since the credit crunch took hold, while 190,000 borrowers who have fallen into arrears.
Still for those on a good income are doing ok, as long as they don't look at the rest of the country they may think things are going well. Open your eyes and see inequality increasing, the poorest are suffering. Students, disabled people are paying the price for those years of mistakes made by bankers and Gordon Brown. Funnily enough for years Cameron described Brown as “awesome” and “a figure of colossal power and intellect”.
Cameron said the then Chancellor Brown was the safest pair of hands at the Treasury for a century! “Whether they are for tax and spend or against it, all the pundits seem to agree that Mr Brown is one of the greatest chancellors since William Gladstone. “The economic record in terms of growth is undeniable."
How things change.
The Philosophy of Marx by Etienne Balibar - The Philosophy of Marx By Etienne Balibar (translated by Gregory Elliot and Chris Turner) Verso, 2017 240 pp., $38.95 Etienne Balibar notes ‘The general i...
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