What the hell is this even trying to say, and what the hell does the music have to do with the subject matter?
It’s not even the shallow clichés (“ooh, Gordon is the puppet of fat cats, and that’s why he didn’t let Northern Rock go bust”. Not because, y’know, that would have made ordinary people panic or anything), it’s the total incoherence with which the thing is stitched together – just throwing a couple of NR clichés and a couple of general anti-Labour clichés in a blender, and not even pretending to link them with a storyboard…
Which is a shame, because “Northern Rocky Horror Show” is quite a good pun in its own right.
Oh, and a final, semi-related point: anyone who thinks that the proposed government guarantee on Northern Rock’s assets represents an unfair state subsidy is a raving idiot, because the bidding process for NR’s assets is open to anyone who wants to participate (and hence, the price paid by the successful bidder to the government will be equal to the perceived present value of the assets being purchased, including the government guarantee). Similarly, it wasn’t an unfair state subsidy to Veolia when my local council decided, after a tendering process, to pay them to empty the bins…