It is time to take the fight to the Tories.
This is what Hazel Blears intends to do when she travels to the Conservative Party conference this week - the only Cabinet Minister, to my knowledge, who is doing so.
And this is what Gordon Brown started to do in his conference speech last week when he attacked Cameron and Osborne with some effective and cutting lines.
But Labour won’t win the next election unless we get off our back foot and go after them.
From a political perspective, the economic situation offers Labour a number of opportunities.
What, for example, is the Tories answer to it all?
Even greater laissez-fair economics? Looser regulation? Neither the public, nor the media, nor indeed the financial services industry could tolerate that.
When Irwin Stelzer, the grand-master of capitalism, says that the old capitalism is dead and government intervention and tighter regulation, in some areas, is permissible, you know things have fundamentally shifted.
But do the Tories have an answer to it?
No, they trail behind public opinion – still extolling the virtues of unregulated, unfettered capitalism when the past few weeks have shown that the free market doesn’t have the solution to everything.
Why do the Tories oppose the ban on short selling as well? Is it because their wealthy backers have made millions out of this scheme and they don’t want to lose their rich friends?
And do the Tories really think that one of the features of capitalism is that people get wealthy off the misery off others as George Osborne said? This is what the Tories think and Labour needs to remind every voter of it.
Their economic document masquerading as a plan for economic reconstruction has no proper commitments for social housing and promises tax cuts but with no commitment to maintain public services. Bad economics and bad policy.
And while we’re on the subject of rich people who pay tax, let’s have a debate about Michael Ashcroft’s role – the Tory donor who skulks away in Belize.
Is he on the electoral register? Where does he live? Does he pay tax? And is he channelling funds through his corporations into Conservative Central Office’s coffers?
When modest and low income families are suffering, does the man who is practically bankrolling the Tories pay any tax? It is a simple question.
There is room here for Labour to strike. Do it.
This is a sometimes 'cheesey' blog about British and American politics and anything else which tickles my fancy!