Osbourne hasn't put a foot wrong from an economic POV.
Emergency Budget, June 2012 - Osborne's bold promises (and the reality):
1. Growth at 2.8% by 2012. The reality: -0.2%
2. Deficit eliminated by 2014. The reality: postponed until 2017 (maybe......)
3. CPI in 2012: 2%. The reality: 3.5%
4. Unemployment in 2012: 7%. The reality: 8.5%
And so on, and so on. If that's getting it right, I hate to think what getting it wrong might look like
And returning to the real world, there have been a few external shocks within those figures.
When the budgets were put together, we would have assumed growth within Europe of around 2-3% but the problems within Europe are far greater than anticipated.
The position left by Labour was horrendous, we all remember the little note left by the incompetents saying they'd spent all the money, you will recall Mervyn King saying that whoever was in power would have to make some very unpopular decisions and that's proving true.
Most intelligent people can understand that the solution to this mess is clamp down on unproductive spending, transfer the money we have to infrastructure spending. To do that. government must pare back on public services, encourage business to expand and over time it has to encourage development of more sectors in the economy because the emphasis on services makes us very vulnerable. This is not a quick fix, for the sake of the future, we can't have a quick fix.
Once people realise that the government is on the right lines, they will come round. There will always be those who think the world owes them a living and they will vote Labour but frankly, the country doesn't need them - the problem is those types will never have the get up and go to leave the country so we're stuck with them.