There is a lot of talk about a possible snap election if David Cameron resigns over the phone hacking scandal. Nick Clegg is now out arguing against Cameron’s resignation. If we aren’t careful, this could go very very wrong for the Lib Dems.
A General Election now?
Holding a general election before the government’s economic rebalancing strategy has been allowed to fully play out would be a disaster for the Lib Dems. The Tories are buoyed up by their supporters’ perverse preference for public service cuts, but ours aren’t, and if the fiscal tightening is even seen to be damaging the economy there is no way we would muster more than our (surprisingly high) 9% rock-bottom support, even following a campaign push.
The Lib Dems’ Interest or the National Interest?
The problem with this line of argument against letting Cameron take the fall over hackgate is that it plainly demonstrates our conviction, as activists, that the National Interest and our Party Interest overlap completely; a premise which is now shared by a startlingly small amount of the 24% of people who voted for us in May 2010.
We should not be arguing against the resignation of anyone at this stage, but in favour of the judicial, parliamentary committee and police enquiries being allowed to run their course and follow the evidence where it leads – in favour, in other words, of justice. It is most definitely in the National Interest not to have a Prime Minister implicated in criminal, or even reproachable, behaviour.
If Cameron is implicated by any of these investigations (which he hasn’t been yet, in my opinion) then there is little we can do to protect this government (and our electoral interest) in any case, and as such we should not be seen to try and defend the indefensible.
Clegg should not be wading in to defend Cameron, in case he eventually has to resign
Our responsibility should be to defend the government, surely, since the Sovereign Debt crisis in Europe at the moment would surely hit us following a collapse of the government, but not the actions of the prime minister who may need to step down. It is a difficult line to walk, and Clegg did mention to Andrew Marr that we need to be concentrating on the economy, not this crisis, but he went to far in saying he did not think Cameron would need to resign. That is for the Tory spin doctors and ministers to risk their credibility doing, not our party leadership.
If we need to have a General Election this summer as a result of this scandal then so be it; that in itself should not be enough for the markets to damn us. After all, if they start shorting our debt and the price recovers following a new, stable government a fortnight later, they’ll lose money on the shorted transaction, just as the market says they should.

