Monday 8 August 2022

Starry Eyed Boosterism #starryeyedboosterism Sunak has a name for it.

This is a test, finding a word for something. My theory is that for Conservative members Brexit has become a culture issue, not based on economic reality. Also this may have been the case from the start. The economic case for Brexit made in 2016 was about a vision not a model. I will look back later to check examples.


The current contest between Truss and Sunak is making this clear. Sunak supported Leave but is now seen as a "bean counter" . This means that he tries to explain policy with some analysis and reference to economics research. In 2016 Gove spoke against "experts" such as Bank of England or IMF. They are also "bean counters" .


Truss recently has claimed that the recession predicted by the Bank of England is not inevitable. She has faith in tax cuts to boost the UK , presumably very quickly. Sunak in Sun today writes ( p2 ) "We need clear-eyed realism not starry-eyed boosterism." My guess is that the Conservative members like the starry-eyed boosterism they have enjoyed ftom Johnson and will be happy to continue with Truss. But at least Sunak has a word for it. #starryeyedboosterism finds not much yet on Twitter but the tag explains a lot of history and something may continue. 


Also in Sun page 8 - Rich 10% richer , low earners pay up just 1% as inflation spikes. Trevor Cavanagh page 10 expects biggest Great Britain crash since 1929... pehaps as many as 12m people in rea pocerty, according to "one seasoned economic analyst". "These are not people on the fringes but those - like Sun readers - at the core of society".


If this is what they read in the Sun what to make of #starryeyedboosterism going forward?

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