Alice Cook nails it

As she posted here:

Both Labour and Conservative chased the middle class home-owning vote, who were easily appeased so long as property prices were rising. This also explains why Brown and Darling hijacked the Bank of England, paving the way to zero interest rates and massive government guarantees designed to revive mortgage activity. In the UK, house prices determine economic policy priorities. Jobs, inflation, fiscal sustainability all come a poor second.

Working class voters may not be aware of long term housing construction trends. Nevertheless, they see enough to understand the true nature of both parties. It is therefore any wonder that traditional Labour voters should abandon Brown when they see him pump in around 90 percent of GDP to save the bankers, while at the same time allow the Birmingham van maker - LDV - go bust for the want of a few million quid. They also know that Cameron would do the same thing.

Last week's elections told Westminster that working class voters feel cheated and betrayed by both Labour and Conservative. They have come to understand that a vote for either of them is a wasted vote.

Said is said.