Re: London Mayor election 2012
Congrats Boris.
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The Labour (spend) and Conservative (save) is all too true and possibly while the cycle was 4-5 years things didn't get too out of hand. But with long periods of spend the debt is now so massive we will need a much more extended period of save to recover and then people will get so tired of it they will elect spenders for long periods.
Also the economic cycle is somewhat behind the political so we are still in Labour economics and by the time election arrives and Tories economics start to impact likely get a Labour government who then claim immediate success of their policies.
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