What you need to consider, sallabananas are the circumstances that prevailed when it was said.
Yesterday alone some 8,000 or so redundancies were reported to have been declared by various employers. This brings the total to more than 50,000 since January 1st. No doubt countless more have been declared but not reported. None of the individuals affected would have been impressed to hear that �green shoots of recovery� were being seen.
This government has presided over the unmitigated bankruptcy of this country from which, if it ever does so at all, will take a generation to recover. Suddenly, after just a few weeks, we are told by a �politician� (who is, in reality, a merchant banker parachuted into the House of Lords by a Prime Minister bereft of skills among his current ministers) that it looks like it is all over.
Of course, when pressed, Lady Vadera suggests that her remarks have been misinterpreted. And indeed they were, for what she meant was that she saw signs of recovery in the corporate bond market. Good news for many, including 1,000 call centre operatives who are expected to lose their jobs at the Gratton home catalogue firm in Bradford, and for the 2,000 employees of telecom firm Nortel, which yesterday filed for bankruptcy. I�m quite sure they all have stacks of wedge tied up in corporate bonds, and will buy more with their statutory redundancy pay (if they get it).
You ask whether the media�s reaction was over the top. The reaction of her boss, �Lord� Mandelson (another member of the Prime Minister�s Parachute Regiment) answers that when he said that he doubted that we would hear the good lady making similar remarks again. The media�s reaction was to demonstrate that politicians (particularly unelected merchant bankers) are totally out of touch with reality. It is not precisely what was said, but its abject crassness.