As a follow up to my piece about Lib Dem economic policy this morning, I’ve written an article on Comment is Free about Vince Cable and why he is starting to be a bit of a problem for the Lib Dems:
I have huge admiration for Vince. Six years ago, when I was experiencing a credit crunch of my own, the fact that there was a single politician out there who understood how badly banks were behaving in encouraging people to get into unmanageable levels of debt meant a tremendous amount to me. But he is not infallible. He’s not, whisper it, even indispensable.
Despite this, he eschews the collegiate discipline of party policy development in favour of going out on a limb and trusting his own judgment to carry him through. There seems to be almost no strategic thinking behind how he presents his shifts in position whatsoever. He hasn’t been articulating a party position; he’s been engaging in punditry. The latter may make you incredibly popular with John Humphries and Jeremy Paxman, it may even acquire you rock-star status, but it isn’t the job the party requires him to do.
Read the rest here.