So what happens if you have an election and everyone loses?
First of all, don’t listen to yappers like me or the political editor of the Sun. The people who have to decide what happens need to think carefully about the future of the country over months and years, not about what happens over the next two days.
Second, we have to find out exactly what the precise balance of seats is. The mathematics matters. What would it take for a stable government to be achieved? Would the most obvious combinations be compatible with the interests of the parties involved? Personally, I think Nick Clegg would have to be suicidally insane to support a Tory minority Government with no offer on Electoral reform, but hey, what do I know?
Third, If there is to be a Labour-Liberal alliance, it should be one based on a strictly agreed programme, not some sort of vague mush. Economic commitments, Electoral reform. It should be a clear policy programme, so if the Commons votes it down, the issues in the subsequent election are clear.
Fourth, no one should run to Northern Ireland. However much I want a Labour government, selling out the peace process is too dangerous.
Finally, If the Lib Dems feel they need another Labour PM, the Cabinet should choose Alistair Darling or Alan Johnson as their PM-Candidate. We need stability and anything else would feel like to much like an internal party coup. Personally, given the economic situation and pressure that we are likely to face, I would prefer Alistair Darling, by a short head. That way, Vince Cable can be Chancellor.