I think Larry Elliot has got this spot on. I particularly agree that this is a good election to lose.
http://m.guardian.co.uk/ms/p/gmg/op/sjhooUMikweauj41C1_S3Xg/view.m?id=400919&tid=120787&cat=Economics

But the tragedy for the left has to be that when the great crisis came it was in government and took the blame, instead of outside with a winning manifesto promising to end the capitalist nightmare.