Every time he hears Ed Balls harp on about a global Plan B, Guido wonders what that might be. And now we know – Plan Barack. The President is staring into an abyss, the prospect of him losing the election is now very real. Around his neck is a failed $825 billion stimulus package, the first downgrade in US history and the highest spending and debt since World War II, and his solution? Another $450 billion stimulus package of course…

Faced with defeat, Obama has taken a leaf out of Gordon’s book by throwing as much money as he possibly can up into the air, and hoping that people won’t notice that he’s mugging them to do so. This is like Christmas for Balls as it gives a semblance of credibility to his economic lunacy…