Labour's message is fundamentally flawed

I've just caught up with Ed Miliband's interview on the Andrew Marr show where he tried to explain Labour's newly found position.

Ed Miliband on Andrew Marr show

He said that after the next election, if Labour win, they couldn't guarantee that they would reverse any of the spending cuts that the Coalition have made.  "We will inherit a difficult financial position" says Ed, "which is why  no unfunded promises that can be made" sensible stuff.  He then undermines it completely by then stating that the government is getting it wrong at the moment, cutting too much, too fast and should change their policy on public spending cuts.

Has he not noticed that we are living through tough economic times, far worse than the situation that will be met after 2015.  So if spending cuts can't be reversed in a more benign 2015 how can he claim that spending cuts need to be reversed now?